Episode's summary
Afrimat CEO Andries van Heerden joins Bruce to unpack the group’s toughest six months since listing in 2006. Soaring shipping rates, a stronger rand, a mine reaching the end of its life and ferrochrome smelter shutdowns pushed the market darling into a loss, but he argues the way through is clear, even if the timing isn’t. Jurgens Uys, co-founder of Versus Socks, talks about turning R15 000 and a Stellenbosch garage into six million pairs of socks sold in 80 countries, while surviving cash-flow crunches and supply-chain gaps along the way. It’s a masterclass in starting small, staying focused and knowing when to attack. News24 Business editor Helena Wasserman unpacks Sanlam’s R21 billion bid for the rest of Santam, the Competition Commission’s unprecedented bid to unwind Premier Foods’ takeover of Rhodes Food Group, and a new opt-out registry that could curb the nine billion spam calls South Africans get each quarter. And Dion Gouws of Credo in London discusses whether Ray Dalio is right about an AI bubble,…
Afrimat CEO Andries van Heerden joins Bruce to unpack the group’s toughest six months since listing in 2006. Soaring shipping rates, a stronger rand, a mine reaching the end of its life and ferrochrome smelter shutdowns pushed the market darling into a loss, but he argues the way through is clear, even if the timing isn’t. Jurgens Uys, co-founder of Versus Socks, talks about turning R15 000 and a Stellenbosch garage into six million pairs of socks sold in 80 countries, while surviving cash-flow crunches and supply-chain gaps along the way. It’s a masterclass in starting small, staying focused and knowing when to attack. News24 Business editor Helena Wasserman unpacks Sanlam’s R21 billion bid for the rest of Santam, the Competition Commission’s unprecedented bid to unwind Premier Foods’ takeover of Rhodes Food Group, and a new opt-out registry that could curb the nine billion spam calls South Africans get each quarter. And Dion Gouws of Credo in London discusses whether Ray Dalio is right about an AI bubble,…
Episodes
From just R15k to 6 million SA socks. Plus: A storm at Afrimat
ListenedAfrimat CEO Andries van Heerden joins Bruce to unpack the group’s toughest six months since listing in 2006. Soaring shipping rates, a stronger rand, a mine reaching the end of its life and ferrochrome smelter shutdowns pushed the market darling into a loss, but he argues the way through is clear, even if the timing isn’t. Jurgens Uys, co-founder of Versus Socks, talks about turning R15 000 and a Stellenbosch garage into six million pairs of socks sold in 80 countries, while surviving cash-flow crunches and supply-chain gaps along the way. It’s a masterclass in starting small, staying focused and knowing when to attack. News24 Business editor Helena Wasserman unpacks Sanlam’s R21 billion bid for the rest of Santam, the Competition Commission’s unprecedented bid to unwind Premier Foods’ takeover of Rhodes Food Group, and a new opt-out registry that could curb the nine billion spam calls South Africans get each quarter. And Dion Gouws of Credo in London discusses whether Ray Dalio is right about an AI bubble,…
Why Capitec keeps winning. Plus: The Courier Guy's locker revolution
ListenedIn this episode, Capitec CEO Graham Lee joins Bruce to unpack another extraordinary set of results from South Africa’s most disruptive bank. With 16.5 million digital clients, a cost to income ratio that has dropped to just 36 cents in the rand and business banking growing at over 50%, Capitec continues to defy every sceptic. Lee explains why the branch network is not a cost but a competitive advantage, what fully banked really means and why he is more heavily weighting negative economic scenarios heading into 2027. Craig Pitchers, CEO of The Courier Guy, on the last mile problem that has plagued South African logistics for decades and how 3,500 pickup points, lockers and kiosks are finally starting to solve it. With fuel costs at record highs, doorstep delivery is the most expensive way to move a parcel, and the shift to collection points is not just convenient. It is the future of the industry. Helena Wasserman, editor of News24 Business, on the ports authority finally breaking free from Transnet,…
Real-time money is changing everything. Is your business keeping up?
ListenedMost of us have stopped thinking about payments. You tap your card, tap your phone, and walk out. It just works. But behind that two-second tap is one of the most complex and fast-moving infrastructure systems in the modern economy – and it is changing faster than most businesses realise. In this standalone episode of Bruce Whitfield’s Business Week, Bruce sits down with Chris Zietsman, executive head of Capitec Payments, to pull back the curtain on what is actually happening when money moves – and what the next three years are going to look like. Zietsman spent six years at SnapScan, first as CFO and later as CEO, watching South Africa’s payment ecosystem evolve from days of clearing time to card transactions settling in two to three seconds – faster, he notes, than Mexico manages on a good day. He unpacks the PayShap instant payment rail now enabling real-time bank transfers for as little as 20 cents, why Capitec can onboard a new card machine merchant in five minutes in any branch, and how the cost of…
Poverty tax, Momentum’s billions and SA’s Formula One gamble
ListenedIn this episode, Momentum CEO Jeanette Marais unpacks a standout year, with normalised headline earnings hitting R7 billion ahead of schedule, five business segments crossing R1 billion for the first time, and India emerging as the group’s most exciting long-term growth story after the health insurance joint venture with Aditya Birla Capital turned profitable for the first time in a decade. Eben de Jongh, founder of Skubu, joins Bruce to explain why it is expensive to be poor, and how his refill-based retail concept in Diepsloot is cutting prices by up to 60% through eliminating packaging and buying directly upstream. Four stores in, with a more compact format called Skubu Nyana in development, the model is gaining serious momentum.News24 Business editor Helena Wasserman reflects on Pick'n Pay tapping a former Woolworths executive as its next CEO, Remgro sitting on R22 billion in cash and feeling unusually bullish about South Africa, and Neal Froneman’s serious plans for a Formula One circuit near Malmesbury…
Fertiliser to fintech: Omnia feeds Africa, Optasia banks it
ListenedIn this episode, Omnia Group CEO Seelan Gobalsamy discusses a record year driven by Africa’s growing food security imperative, with fertiliser demand rising across the continent and a strategy built around becoming the essential input supplier for African farmers. Optasia CEO Salvador Anglada unpacks how the group is making more than a billion credit decisions a month, facilitating $3.5 billion in distributed value in a single half-year, and growing revenue 58% while keeping default rates at 1.3%. Quietly, the fintech has become one of the most significant financial infrastructure companies that most South Africans have never heard of. Gary Booysen of Rand Swiss on what the Reserve Bank rate hold means for SA assets, where he is finding value in a market that has run hard, and why AI infrastructure remains his one constant theme.And News24 Business editor Helena Wasserman on the rand selling off after the rate hold, Woolworths’ new CEO making his first moves, and what a bumper week for financial services…