Bidvest offers to sell its bank. Old Mutual gears up for a new bank. How the banking sector in SA is changing

The Money Show

Bidvest offers to sell its bank. Old Mutual gears up for a new bank. How the banking sector in SA is changing

• Old Mutual's plan to rename its new lender OM Bank—which completed building its digital platform and infrastructure at the end of last year—and Bidvest Group's intention to find a buyer for its banking asset before the end of 2024 Kokkie Kooyman, Director and Portfolio Manager of Denker Capital, discuss how the banking landscape is changing with host Ray White.

Bloated cabinet and Finance minister’s plans contain it with fugazi funds

• The finance minister and the bloated cabinet's plans involve fugazi funds. Host Ray White speaks with Ndumiso Kubheka, Chief Economist at KH Research Equity Partners, and JP Landman, Political and Trend Analyst, on the implementation.

Markets Commentary

• Viv Govender, Portfolio Manager at Rand Swiss, speaks to host Ray White to discuss the day's market movements and the latest developments in business and finance.

Status of the mining sector: retrenchments and illegal strikes

• Among the many challenges confronting the mining industry, layoffs and unlawful strikes have had a significant influence in recent years. As a result, there has been volatility in the mining business. Furthermore, there are losses from taxes, royalties, employment, output, and investment. Host Ray White is joined by Andrew Levy, Labour Analyst of Andrew Levy & Associates, to provide us with an in-depth account of the nuances of the mining business.

Shoprite provides online purchasing and bulk delivery for small businesses and spaza stores.

• Major obstacles that smaller retailers and spaza stores usually have to deal with include high fuel and transportation costs and difficulties meeting demand in the unofficial retail sector. Furthermore, overstocking can result in expensive carrying costs, an increased risk of theft, and cash flow issues. The wholesaler Shoprite has entered the e-commerce space by launching a cutting-edge digital solution for its Cash & Carry stores. In this segment, host Ray White is joined by Mark Cotton, Head of B2B eCommerce of the Shoprite Group, to offer more details.

Business Unusual

• Richard Mulholland, the founder of Missing Link Social, speaks with host Ray White on how social norms conflict with market norms. Additionally, he clarifies why we ought to exercise caution while asking for discounts and freebies, even from friends.

Consumer Ninja- The FAIS Ombud can now handle claims up to R3.5 million, as opposed to the previous cap of R800,000

• Consumer Ninja Wendy Knowler joins Ray White to talk about the FAIS Ombud and how they can now process claims up to R3.5 million instead of the R800,000 cap that has been in place for more than 20 years.

Shapeshifter - Evan Jones , CEO of The Collective X

• As CEO and board member of The Collective X, Evan Jones is the driving force behind the organization. In addition to enhancing young digital skills, boosting employment, and injecting a substantial R300 billion into the South African economy, the project seeks to treble the nation's output of in-demand digital jobs in the next three years. Host Ray White chats with Evan Jones, CEO of The Collective X, in today's shapeshifter feature. Evans offers further background.

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