Stephen Grootes speaks to African Bank Interim CEO Zweli Manyathi about the lender’s surprise half-year loss of R624 million and the challenges of integrating a string of acquisitions that have yet to deliver the expected returns. With credit impairments rising sharply, costs under pressure and questions around possible job cuts.
In other interviews, Ferial Haffajee, Associate Editor, Daily Maverick talks about the City of Johannesburg’s plan to add 1,000 managers and professionals to its workforce despite mounting financial pressure, unpaid bills and growing concerns over governance. This also comes as Finance Minister Enoch Godongwana has given the metro a deadline to explain why the National Treasury should not withhold funding over concerns about its financial management, unfunded budgets and rising debt.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
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