Bruce Whitfield’s Business Week

News24

Bestselling author and broadcast legend Bruce Whitfield returns with a bold new News24 podcast. Bruce Whitfield’s Business Week won’t waste your time. Instead, each episode will focus on the one business news story that will change your world. Listeners will also get investment and personal finance advice from top experts, and the inside track on SA’s most successful hustles. Join us every Thursday at 17:00.

  1. Sep 10

    FirstRand’s Vilakazi cleans up after R17bn UK hit

    In this episode, FirstRand CEO Mary Vilakazi unpacks results that look worse than they are. Reported earnings fell 5% after an R11.4 billion provision for the UK motor finance scandal, but strip that out and normalised earnings from continuing operations grew 13%, with return on equity at 24%. The UK business is being sold, and FirstRand is placing its next big bet on Optasia, a fintech platform targeting the unbanked across Africa. Andrew Dunn of DNI tells one of South Africa’s most unexpected entrepreneurial stories. Watching bread trucks return idle by midmorning at Premier Foods, he noticed that every outlet buying bread was also selling airtime and SIM cards with no efficient way to restock. That single observation became the foundation for a business now spanning connectivity, devices, eSIMs and fintech, touching millions of South Africans in the informal economy. Chantal Marx of FNB Wealth and Investments on a bumper week of financial services results, why South African insurers and banks keep outperforming a moribund economy, and what Anton Rupert Jr’s elevation at Richemont really signals. And News24 Business editor Helena Wasserman discusses GDP shrinking by 0.2% in the second quarter, the Gauteng office market at 18% vacancy, and why Hyde Park Corner is somehow the best-performing retail asset in the country. This podcast is sponsored by Capitec. To catch every episode, click the follow and subscribe buttons on News24’s Spotify, Apple, and YouTube podcast channels, or catch up on past episodes here. Editions drop on Thursdays at 17:00.

  2. Sep 3

    Reserve Bank governor talks inflation, Iran and El Niño. And Shoprite brews a Vida deal

    In this episode, Reserve Bank Governor Lesetja Kganyago joins Bruce to unpack what he calls a “polycrisis of overlapping shocks”, from the war in Iran to Ukraine’s attack on Russian wheat infrastructure and the looming El Niño threat to South African food prices. His message: South Africa’s starting point this time is fundamentally stronger than in 2022, and that breathing room is why the Reserve Bank can still take measured rather than aggressive steps on rates. Shoprite CEO Pieter Engelbrecht speaks about the acquisition of Vida e Caffè, which adds more than 400 coffee stores to a group already operating in pet, liquor, pharmacy, and fashion adjacencies. Sixty60 added R6.6 billion this year and set a new record just yesterday, and Shoprite and Checkers now sit as the top two retailers in South Africa by sales.News24 Business editor Helena Wasserman analyses Woolworths’ food-first CEO, making clear the retailer’s clothing era is over, TFG’s Australian business dragging results down under, Eskom sitting on R125 billion cash after a R30 billion profit, and Sasol’s share price tripling to nearly R200 on the back of surging refining margins. And Peter Armitage of Anchor Capital examines rising bond yields reshaping asset values globally, why AI has increased his costs without yet cutting them, and why the real AI boom right now is actually a construction boom in disguise. This podcast is sponsored by Capitec. To catch every episode, click the follow and subscribe buttons on News24’s Spotify, Apple, and YouTube podcast channels, or catch up on past episodes here. Editions drop on Thursdays at 17:00.

About

Bestselling author and broadcast legend Bruce Whitfield returns with a bold new News24 podcast. Bruce Whitfield’s Business Week won’t waste your time. Instead, each episode will focus on the one business news story that will change your world. Listeners will also get investment and personal finance advice from top experts, and the inside track on SA’s most successful hustles. Join us every Thursday at 17:00.

You Might Also Like