SARB hikes repo rate to 7.25% as fuel prices drive inflation higher

Stephen Grootes speaks to Charles de Wet, Tax Executive at ENSafrica, about SARS handing more than 100 cases involving individuals named in commissions of inquiry to the National Prosecuting Authority. SARS is also preparing to introduce new technology to track products such as cigarettes and alcohol in a bid to crack down on illicit trade and recover billions in lost tax revenue. In other interviews, Stephen Grootes spoke to Lwando Cwane, product head: cyber underwriting at iTOO Special Risks about a global security scare that has now reached South Africa, with the Presidency taking its website offline following warnings about serious vulnerabilities in widely used website software. Governments elsewhere have also taken websites offline as a precaution after artificial intelligence helped uncover security flaws that hackers could potentially exploit. 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. 

Stephen Grootes speaks to Bertina Engelbrecht, Clicks Group Chief Executive Officer about the retailer's annual results, which saw turnover increase 5.4% to R50.4 billion, while headline earnings per share rose 4.4%. Despite pressure on consumer spending, Clicks continued expanding its pharmacy and store network, growing its ClubCard membership to 13.1 million and paying out nearly R1 billion in cashback rewards. With plans to open more stores, expand into townships and strengthen its online delivery offering, the results highlight how Clicks is positioning itself for growth in an increasingly competitive retail market. In other interviews, Stuart Theobald, Executive Chairman of Krutham talks about plans by National Treasury and the South African Reserve Bank to turn South Africa into a hub for international investment management. The proposed Synthetic Financial Centre would allow qualifying financial institutions to manage foreign investments from South Africa, potentially attracting global business, creating skilled jobs and keeping more financial services revenue in the country. 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. 

Stephen Grootes speaks to Stuart Theobald, Executive Chairman of Krutham, about plans by National Treasury and the South African Reserve Bank to turn the country into a hub for international investment management. The proposed Synthetic Financial Centre would allow qualifying financial institutions to manage foreign investments from South Africa, potentially attracting global business, creating skilled jobs and keeping more financial services revenue in the country. 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. 

Stephen Grootes speaks to Duncan Pieterse, Director-General of the National Treasury, Bobby Ramagwede, CEO of the Automobile Association and Sifiso Skenjana, economist and Managing Director of ESG Analytics about Finance Minister Enoch Godongwana's 2026 Medium-Term Budget Policy Statement. Government has announced R10 billion in temporary fuel levy relief, while stronger tax collections have helped stabilise public debt. However, Treasury has cut its economic growth forecast to 1.2%, raising questions about whether improving public finances can translate into meaningful economic growth and relief for struggling households. In other interviews, Darren Hele, CEO of Famous Brands talks about the group's interim results, which saw revenue increase 2.3% to R4.3 billion, while operating profit declined 4.7% amid weak consumer spending and rising costs. Despite the pressure on profitability, the owner of Steers, Debonairs Pizza and Wimpy more than doubled its free cash flow and increased its dividend. 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. 

Stephen Grootes speaks to Isaac Matshego, Senior Economist at Nedbank, about what to expect from Finance Minister Enoch Godongwana's upcoming Medium-Term Budget Policy Statement. Despite pressure from rising fuel prices, inflation and global economic uncertainty, government finances have remained relatively stable, with tax collections holding up better than expected. However, slower economic growth, rising operating costs and pressure on government spending could complicate Treasury's plans to contain debt while maintaining public services. In other interviews, Timothy Walker, International Relations Specialist talks about the future of the Strait of Hormuz, one of the world's most important oil shipping routes. HSBC's CEO believes the development of alternative routes could make the waterway redundant within five years, as geopolitical tensions force countries to rethink their dependence on it. 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.