Speaker 1: And now The Money Show with Stephen credits on seven
Speaker 1: oh two.
Speaker 2: Let's walk little.
Speaker 3: The Money Show with Stephen Curtis has brought to you
Speaker 3: by Abscess CIB Proud Sole Leader Ranger and Infrastructure Finance
Speaker 3: Structuring Agent of the South African National Treasuries eleven point
Speaker 3: eight billion round Infrastructure and Development Finance Bond. Good evening,
Speaker 3: Welcome to the program. I'm Stephen Curtis. Eight minutes after six.
Speaker 3: This's Friday, the sort of last serious money Friday. I
Speaker 3: suppose trade looking a little light on the JAZ still
Speaker 3: interesting to watch some of the trends though, and wherever
Speaker 3: I look at the moment, people are talking about next year.
Speaker 2: That's fair. You would expect that.
Speaker 3: And they're all very optimistic in some of the most
Speaker 3: extraordinary ways. We've seen a lot of optimism for South Africa.
Speaker 3: Reuters has a big piece today about optimism for emerging
Speaker 3: markets through part of that, of course, and all of
Speaker 3: that looking very very positive. I realize, of course that
Speaker 3: one year doth not as summer make to really mangle
Speaker 3: my metaphors, but it does sort of suggest there's a
Speaker 3: lot of positivity around. I think it's also because we've
Speaker 3: been waiting for so long for the wild to kind
Speaker 3: of turn, and with a little bit of luck, it
Speaker 3: is beginning to turn. So that's part of a talking
Speaker 3: of which we'll speak to Chris y Ellend in a moment.
Speaker 3: You know you hear that for that name. We're going
Speaker 3: to talk about Eskim, but it's about virtual wheeling and
Speaker 3: Escam's made a big move on that score. You'll have
Speaker 3: been watching the Warner Brothers Discovery issue. Netflix wants to
Speaker 3: merge with it, Paramount wants to buy it, but what
Speaker 3: that means for you? And then the future of DStv.
Speaker 3: Tinnis Ferrera, the TV critic. He'll be on your radio
Speaker 3: in about ten minutes. We'll get some market commentary with Lukmgoni.
Speaker 3: He's been looking forward to next year as well. And
Speaker 3: then also we'll on Friday File just talk a little
Speaker 3: bit about holidays, how to basically avoid common mistakes, particularly
Speaker 3: while you're traveling. Sibisum quanazis travel right. And then don't
Speaker 3: forget the Friday Biz Blitz as well. Before seven o'clock,
Speaker 3: Good year from you, O double one double A three
Speaker 3: oh seven O two and two one four four, six
Speaker 3: of five six seven The Lney Show.
Speaker 1: With Stephen Krudis live on ninety two point seven and
Speaker 1: one six FM, streaming on the Prime Media Plus NAP
Speaker 1: and DStv channel eight five six.
Speaker 3: On the point of holidays, I've often wondered, how often
Speaker 3: is it that you go online, you look at the rooms,
Speaker 3: you look at the attractions, the water slides, whatever it is,
Speaker 3: and you think, I'm going to go there? And how
Speaker 3: often is it as good as it looks? And strangely,
Speaker 3: because of the review system on so many websites, you
Speaker 3: know they have good, bad, sort of ugly reviews, you
Speaker 3: can actually get a pretty accurate picture of how good
Speaker 3: it is. I mean, there's one place I've been to
Speaker 3: I won't name it, which was so appalling, and from
Speaker 3: time to time, when I'm bored or feeling miserable, I'll
Speaker 3: go and read the reviews just to see what it's like.
Speaker 3: And I mean, it's an art form to write a
Speaker 3: bad review. I'm sure you've done the same. I know
Speaker 3: there's a small literary niche genre of Amazon Amazon reviews.
Speaker 3: People write whole stories and have soap operas in the
Speaker 3: review section sometimes. But if I may ask, your best
Speaker 3: and worst holiday surprise compared to what you are expecting
Speaker 3: and what you actually got. Your best and worst please
Speaker 3: on seven to seven O two one seven two. Maybe
Speaker 3: don't mention the name of the place, but just the
Speaker 3: story would be good. Your best and worst holiday surprise
Speaker 3: The Money.
Speaker 1: Show on seven os Monday till Friday, six to a pm,
Speaker 1: eleven after six Well a fascinating explanation of quite an
Speaker 1: important development by Eskim and the concept of virtual wheeling
Speaker 1: today from the energy expert christieland He says Eskim has
Speaker 1: started a process.
Speaker 3: To build a platform that will manage the way power
Speaker 3: is moved from one place to another and then sold.
Speaker 3: In that movement of the power from producer A to
Speaker 3: customer B is what is known as wheeling. For Chris
Speaker 3: eland Is the is the energy analyst, and he joins us, Now, Chris,
Speaker 3: good evening. I understand what wheeling is, but you're going
Speaker 3: to have to start I'm afraid by explaining what virtual
Speaker 3: wheeling is.
Speaker 4: Now A good evening, Steven look. The traditional wheeling generally
Speaker 4: takes place between a large generator or independent power producer
Speaker 4: of renewal energy and a large off takeout, which could
Speaker 4: be a mine or an industry et cetera. So it's
Speaker 4: what we call one to one wheeling using the transmission
Speaker 4: to the ESKIM network as the transport vehicle. Now, a
Speaker 4: virtual wheeling takes this concept from a generator or a
Speaker 4: number of generators to literally thousands and thousands of customers
Speaker 4: embedded both in the ESCAM networks as well as in
Speaker 4: municipal distribution network. And basically it enables the company, a
Speaker 4: corporate entity or a trader contracts, whether a generator or
Speaker 4: multiple generators, to deliver electricity through the ESKIMA municipal network
Speaker 4: to literally thousands of And it's not actually a physical
Speaker 4: delivery process. It's a virtual delivery process in the sense
Speaker 4: that what one is really doing is one's allocating the
Speaker 4: energy generated by one or more generators to literally thousands
Speaker 4: of off takers. And one has to have an electricity
Speaker 4: meta at these thousands of off takers. One has to
Speaker 4: measure these the energy delivered to these off takers in
Speaker 4: real time, and one's got to then consolidate all of
Speaker 4: this by remote meta reading of these thousands of meters
Speaker 4: and consolidated and allocated to that particular trader or corporate
Speaker 4: taffic example, and the first virtual wheeling application with Votericom.
Speaker 4: Now they've got about fifteen thousand cell phone powers throughout
Speaker 4: South Africa and both Musical and ESCI of the networks,
Speaker 4: and they wanted to consolidate you know, green clean energy,
Speaker 4: low cost from a number of generators and deliver it
Speaker 4: to their sights all over the country. Uh and ESKIM
Speaker 4: entered into a sort of a pilot process with Votercom
Speaker 4: and this process, the pilot process has been successful. And
Speaker 4: now the point is that ESKIM want to roll this
Speaker 4: concept out once the regulatory framework and the rules of
Speaker 4: baty line place, you know, to extend this in a
Speaker 4: big way and reach you know, not just one corporate Rootcom,
Speaker 4: but hundreds of corporates and hundreds and maybe scores of
Speaker 4: traders delivering energy to thousands and thousands of smaller customers.
Speaker 4: So it's not just one to one wheeling too big,
Speaker 4: from big to big, it's from you know, thousands of small,
Speaker 4: smaller customers throughout the network.
Speaker 3: What another way of looking at it be to suggest
Speaker 3: that it is a system that allows crystal cell power
Speaker 3: to Stephen, but there are many other fliers and buyers
Speaker 3: in the process, and Stephen is not actually consuming the power.
Speaker 2: That is produced by Chris.
Speaker 3: But it is a way of making sure that you
Speaker 3: are paid for the power that you produce, and that
Speaker 3: I receive the power that is due to me. So,
Speaker 3: in other words, you have billions of electrons running through
Speaker 3: a system. It doesn't matter who generates or who consumes them,
Speaker 3: so long as the right number are generated and the
Speaker 3: right number are consumed and the billing system works.
Speaker 4: Essentially, it's not a pretty flow of electrons when he's
Speaker 4: talking about here. It's really an alloctation of generated energy
Speaker 4: and allocated it in a correct manner, in a fair
Speaker 4: and proper manner, accurately to thousands of off takers and
Speaker 4: handling the billing. And essentially what it means is that
Speaker 4: that you're let's say you're a customer embedded in a
Speaker 4: municipal network. You're going to pay your municipal distributor as
Speaker 4: you're you're going to get billed with your normal meter
Speaker 4: from your municipality, and you're going to pay your pay
Speaker 4: your monthly account to the municipality. But a couple of
Speaker 4: months later, you're going to get effectively a check in
Speaker 4: the post from the trader or from Escom, which gives
Speaker 4: you a credit on your account, thus reducing the cost
Speaker 4: of electricity because you've paid your electricity bill. The relationship
Speaker 4: with the municipality stays absolutely unchanged. Municipalities don't lose out.
Speaker 4: They're not losing revenue as a result of virtual reeling.
Speaker 4: The beneficiary is the customer who gets to check in
Speaker 4: the post for the green energy generated into the grid
Speaker 4: by a generator at some remote geographic point.
Speaker 3: Christiland, I really appreciate the explanation, Thank you very much. Indeed,
Speaker 3: Christiland is the energy analyst, and as you know, and
Speaker 3: of course the person who really is an expert on
Speaker 3: all of these things. Chris, thank you. Seventeen minutes after
Speaker 3: six none explain well. Over the last few days, you'll
Speaker 3: have seen in the US the extraordinary battle for Warner
Speaker 3: Brothers Discovery. First, they said they would do a merger
Speaker 3: deal with Netflix in Paramount Skydine said they would buy
Speaker 3: Warner Brothers instead. The board of Warner Brothers has gone
Speaker 3: hostile on that Saint Paramount was misleading their shareholders. I
Speaker 3: don't know how this is going to turn out, except
Speaker 3: to say it's going to get nice and ugly. I
Speaker 3: do wonder though, what it might do for the content
Speaker 3: on different platforms. Here, Tina s Ferreira's the TV critic.
Speaker 3: He understands this industry very well. Tina's good evening, Good
Speaker 3: to talk again. I mean, the first obvious point to
Speaker 3: make is that clearly people see Warner Brothers as very valuable.
Speaker 3: They are one hundred years old, and they earn a
Speaker 3: massive amount of quality material.
Speaker 5: They actually have the biggest TV studio and film studio
Speaker 5: in the US and in the world, and they are
Speaker 5: also sort of the name that's sort of most synonymous
Speaker 5: with the most sort of prestige or premium TV content.
Speaker 5: They own HBO that not only make Game of Thrones
Speaker 5: and those kinds of like spin offs, but a lot
Speaker 5: of these legacy legacy shows that still reruns and do
Speaker 5: very well, like Friends and Small Ball and Gossip Girl
Speaker 5: and things like this. So it's going to be, yeah,
Speaker 5: very interesting, and the process that kind of take at
Speaker 5: least a year to a year and a half to
Speaker 5: go through the regulatory process in the US to see
Speaker 5: who's going to end up if anybody being able to
Speaker 5: acquire Warner Bross.
Speaker 3: I mean, I've watched my children laugh as hard at
Speaker 3: Bugs Bunny as I did, still kind of laugh hard
Speaker 3: at the obvious point, I suppose is that if the
Speaker 3: Netflix merger deal goes through, there will be a lot
Speaker 3: of bugs bunny on Netflix.
Speaker 5: Yes, so Netflix has always been kind of like this
Speaker 5: wanna be about a decade ago, Well, Warner thing was
Speaker 5: part of a time Warner and they sort of said
Speaker 5: the chance that needs would become anything is sort of
Speaker 5: the same as the Albanian Army sort of winning the war,
Speaker 5: and lo and behold the irony the Albanian Army has won.
Speaker 5: Netflix is now sort of bigger, but they don't have
Speaker 5: really the studio or the production capacity or the prestige
Speaker 5: that a Warner Brass or Paramount or one of these
Speaker 5: sort of institutionalized Hollywood studios have. So they want to
Speaker 5: buy one of these because then they don't have to
Speaker 5: sort of set up all of the netti gritty. You
Speaker 5: just buy the studio, and then with that comes the expertise,
Speaker 5: the skill, the filmmakers, the connections to a James Cameron
Speaker 5: who makes Titanic and things like that. So that's really
Speaker 5: the reason. And then a lot of that content, although
Speaker 5: a Warner Brass will still sort of funnel content to
Speaker 5: where they have a lot of that back cut Log
Speaker 5: will obviously end up on Netflix because Netflix.
Speaker 3: Will own it if it goes the other way Mount
Speaker 3: sky Dance. I mean that's a bit more complicated.
Speaker 2: I presume.
Speaker 5: It's so funny because earlier this year Paramount itself was
Speaker 5: bought by sky Dance. Paramount itself was sort of struggling.
Speaker 5: And why Paramount is looking for Warner Brass is because
Speaker 5: it's sort of more an existential challenge one existential threat.
Speaker 5: They are both classic Hollywood studios and they are struggling.
Speaker 5: It's sort of like the little ones who go we
Speaker 5: need to band together against the bigger Netflix, Netflix. Although
Speaker 5: it wants the prestige content once, kind of like that
Speaker 5: HBO feel, it desperately wants to win the Oscars, which
Speaker 5: still really hasn't. They don't really need Warner, but Paramount
Speaker 5: really needs a Warner, or a Warner really needs Paramount.
Speaker 5: Although now Warner is rebuffing Paramount, and if Paramount succeeds
Speaker 5: in getting Warner, they will obviously be able to be
Speaker 5: a bigger bird, the biggest swan in the pond. So
Speaker 5: it's going to be in and but Warner now doesn't
Speaker 5: want to buy it. They are more in bed with Netflix,
Speaker 5: they see Paramount is sort of like a hostile kind
Speaker 5: of like a bird. So it's going to be interesting
Speaker 5: to see what happens with the regulatory environment in the
Speaker 5: US where Paramount is sort of more aligned with the
Speaker 5: conservative side on the Donald Trump side of things, and
Speaker 5: Netflix is more aligned kind of like with the Democrats,
Speaker 5: stay more friendlier with the Obamas and things like that.
Speaker 5: So well, it's going to be interesting. Beyond just being
Speaker 5: sort of like a media war, film studio war, it's
Speaker 5: also a political war.
Speaker 3: So I mean CNN sort of seen in US terms
Speaker 3: as liberal part of Warner Brothers. I can I can
Speaker 3: imagine them in the Netflix kind of universe. I can
Speaker 3: imagine them. I imagine it might be a way for
Speaker 3: Netflix to have a streaming news service finally, but a
Speaker 3: battle to understand to see them at Paramount, I mean,
Speaker 3: I think the newsroom would be an open revolt and
Speaker 3: that would probably destroy CNN value.
Speaker 5: So not to make it too complicated, but yes, another thing,
Speaker 5: the two deals are different. If Netflix buys Warner Brass,
Speaker 5: they won't buy the TV channels, so all of those
Speaker 5: things like Discovery and CNN will become its own separate company,
Speaker 5: won't belong to Netflix, so you can kind of say,
Speaker 5: quote unquote, a CNN would be safe, a food network
Speaker 5: would be safe. Paramount that has put in a higher
Speaker 5: bird hundreds and eight vollion. They want the whole of Warner,
Speaker 5: including the TV channels and now keep in mind the
Speaker 5: more conservative leaning. And that's why that part is also
Speaker 5: freaking out people working at CNN because they're like, what's
Speaker 5: going to happen here. Donald Trump has been on the
Speaker 5: record that he wants CNN to change, he wants CNE
Speaker 5: to stop. He sort of denigrates their journalists, as he
Speaker 5: does with all of the media reporters in America. So
Speaker 5: with Paramount, you'll see drastic changes with CNN. With Netflix,
Speaker 5: CNN might also still change, but at least it won't
Speaker 5: belong to Netflix DStv.
Speaker 3: I'm sure watching this closely, they're going through big changes themselves,
Speaker 3: plus now owns them.
Speaker 2: Does this affect they're offering much? Does it matter?
Speaker 3: I mean, I presume in their long term agreements, although
Speaker 3: one of them comes to an end in a few
Speaker 3: days time.
Speaker 5: You're really making people's head spins on a FIDA afternoon.
Speaker 5: So there's yet another wrinkle in the story. Well, multi
Speaker 5: Choice that now belongs to Canal Blues, the French company
Speaker 5: that the contract for twelve of those channels that come
Speaker 5: from Warner, which Netflix wouldn't buy. That carriage agreement is
Speaker 5: running out at the end of the year. Those twelve
Speaker 5: channels are hugely popular and hugely important to DStv. Just
Speaker 5: Cartoon Network that you mentioned your kids watch, that one
Speaker 5: channel has forty nine percent of the total audience share
Speaker 5: of all kids viewing on d STV. Multi Choice wouldn't
Speaker 5: want people to know that, neither Warner, so take that
Speaker 5: one channel away. All of the other kids viewing is
Speaker 5: also the other fifty percent. A channel like TNT is
Speaker 5: the number one rated international movie channel on the whole
Speaker 5: of the ESTV. Can you really imagine that the ESTV
Speaker 5: without the CNN, a Discovery Channel, a cartoon network. You
Speaker 5: can't really and both of them really need each other.
Speaker 5: The negotiations are extremely contentious. It is still going on.
Speaker 5: We're either got to see the channels go dark at
Speaker 5: the end of the year, then maybe they come back
Speaker 5: after a few weeks as they sort of play high
Speaker 5: New Cowboys stakes, or that we might see them do
Speaker 5: a deal, or it might go dark and we never
Speaker 5: see a deal because some of these channels have disappeared
Speaker 5: on some of the traditional PATV operators in New Zealand Australia,
Speaker 5: and then they're just sort of gone forever. As we
Speaker 5: see the traditional PATV model just sort of slowly disintegrate and.
Speaker 3: Very quickly, you know, So, I mean DStv next year,
Speaker 3: Canel pluss may big promises. They're talking about a sort
Speaker 3: of single app. We've seen a few experiments already. There
Speaker 3: was that sort of long weekend where things are much cheaper.
Speaker 3: What are you expecting from them in the new year.
Speaker 5: I will be honest as a journalist, I don't know.
Speaker 5: Maxine Soda and David Muneau, the new bosses, said that
Speaker 5: by the end of the year, and how ironic the
Speaker 5: STV would have more content and more and better services
Speaker 5: instead of that. We're definitely going on d STV I
Speaker 5: at least four fewer channels, maybe up to sixteen when
Speaker 5: we lose the other twelve of Warner Brass. And we're
Speaker 5: also seeing the OSCARS is now jumping from twenty to
Speaker 5: twenty nine. They signed a new deal with There's only
Speaker 5: one thing really scaring Netflix. Everyone's scared by Netflix, but
Speaker 5: who is Netflix skateed by by Google and YouTube. So
Speaker 5: the OSCARS is signed a new contractor leaving a few
Speaker 5: years from MT. So it's another local building block that's
Speaker 5: slowly getting cracked away, stripped away. So we're seeing all
Speaker 5: of these things that used to be premium content leave
Speaker 5: traditional DStv, and I see it as a train and
Speaker 5: I don't know how it will play out, but I'm
Speaker 5: sure that DStv and Inmate will continue to lose content
Speaker 5: in twenty twenty six, whether it was still multi choice
Speaker 5: or whether it's Canal plus earning them. The future looks dire.
Speaker 3: All right, Tiness Freerra, thank you very much. Indeed, well
Speaker 3: let's see how they respond. Tins to appreciate it. Twenty
Speaker 3: seven after six The money show Luck, I'm Guni's chief
Speaker 3: investment officers has been Guela Global fund Managers. We lack
Speaker 3: a good evening the great pivot of twenty twenty five.
Speaker 3: I mean, central banks are finally blinking. We have a
Speaker 3: lower we have a lower inflation target.
Speaker 2: What are you protecting for next year?
Speaker 6: Yeah?
Speaker 7: You not. I think I would expect that we would
Speaker 7: see a continuation of moderate inflation across the board. But
Speaker 7: moddly because the main driver of inflation in consumption is
Speaker 7: not so strong across the board, whether in Essay and Drouble.
Speaker 7: But I do think that if we get some rate
Speaker 7: support by the central banks, were likely to see that
Speaker 7: the consumer code hold up and inflation could maybe marginally
Speaker 7: thick up. But I think the first half would probably
Speaker 7: be similar to what we have seeing now. In they
Speaker 7: said in the fourth quarter, sure.
Speaker 2: Quite optimistic Nike in the UK.
Speaker 3: In the US, they shares are down there and this
Speaker 3: is because China's sales are down seventeen percent.
Speaker 2: This is I mean, that's that's huge. What's going on
Speaker 2: with middle classes?
Speaker 7: Yeah, I think it's not only in middle class, and
Speaker 7: the middle classes is currently challenged, I think even in China.
Speaker 7: But I think one of the weaknesses didn't time like
Speaker 7: that is that Nike has failed to revamp their stores
Speaker 7: and and invest in their own so so it has
Speaker 7: been difficult for them to tuck the traffic into their
Speaker 7: source and they seem to have lost the plot there.
Speaker 7: Their competitors under Sports and Leaning are actually still the
Speaker 7: market share from them quite aggressively. So it is a
Speaker 7: ten a round that was promised, But I don't know
Speaker 7: if we are seeing any progress on that.
Speaker 3: I'm sure so ninety one saying last week, excuse me,
Speaker 3: we spoke to John Pickard about it, great confidence about
Speaker 3: next year.
Speaker 2: A lot of this is about politics.
Speaker 3: Do you think that money might move away from kind
Speaker 3: of quite expensive AI shares into sort of starting more
Speaker 3: boring South African shares.
Speaker 7: I think we've already seen that trend, and I think
Speaker 7: we're also seeing it through the pervement of trend. That
Speaker 7: there is quite a minionful buy buy in into these
Speaker 7: and the bond market. But I think that the next
Speaker 7: year would probably be in better. I think there is
Speaker 7: a high for yield on the bond side, but also
Speaker 7: on the stock side, our stocks are relatively attractive, and
Speaker 7: I think with a stronger rand we likely to see
Speaker 7: our companies getting a relief, some sort of relief from
Speaker 7: a cost input cost point of view. So are the
Speaker 7: optimistic as well into twenty twenty.
Speaker 3: Six, I mean the JC all share, I mean holding
Speaker 3: at very very high levels. There does seem to be
Speaker 3: a real change with how people are understanding our economy,
Speaker 3: with what's going on under the hood.
Speaker 7: Definitely think. I think despite the missteps that we are
Speaker 7: seeing in the retail sector. I think, the banking sector,
Speaker 7: and the insurance sector, and the retail the food retail sector.
Speaker 7: I mean, I still think that Chapel is a good
Speaker 7: position to be in. Into twenty twenty six, I think
Speaker 7: someone is a good position to be in. I think
Speaker 7: net Bank having shared of the ETI holding in Nigeria,
Speaker 7: I think that's also a good position to be in.
Speaker 7: So there are some opportunities, but obviously they is one
Speaker 7: need to exercise question around some of the stocks in
Speaker 7: the retail sector where they have been beating hard and
Speaker 7: they look attractive, but there's also possible mistakes that they
Speaker 7: could commit, like they supplies.
Speaker 2: You're not a.
Speaker 3: Fan of that. I noticed I saw your reports. I mean,
Speaker 3: you basically suggest mister Price is making the same mistake
Speaker 3: everybody else's made.
Speaker 7: Indeed, I think I think they are, and I think
Speaker 7: there is an obsession about international expansion, but also expanding
Speaker 7: into mature markets, into industries that or at least markets
Speaker 7: that they don't know very well, and they think they
Speaker 7: can fix up companies there. I don't think we appreciate
Speaker 7: some of the privileges of operating to in any current
Speaker 7: that is semi close like ours. So they are underestimating
Speaker 7: the level of competition and the supplies, say, going into
Speaker 7: Germany would be a massive valuity discussion. Were already seen
Speaker 7: Spa doing the same thing, and there's Alta shopping, So
Speaker 7: I would be opposed to the transactionion, and I think
Speaker 7: our teams working hard to actually put our case across
Speaker 7: multiple forums to get this opposed.
Speaker 3: Sure, all right, so Lo, thank you very much. Indeed,
Speaker 3: so like I'm Gunney's the chief investment officer has been
Speaker 3: Guello Global Fund Managers. Twenty one minute, it's just let
Speaker 3: me start again. Twenty nine minutes now to seven o'clock.
Speaker 2: Stephen is on x at at Stephen twenty three minutes
Speaker 2: now to seven the time. Well, I won't lie.
Speaker 3: I've been thinking a little bit about holidays over the
Speaker 3: last little while, and I would really like to hear
Speaker 3: from you on your sort of best and worst holiday surprises.
Speaker 3: So you looked at a website it promised, I don't know,
Speaker 3: seventeen pools, automatic waves, free surfboards, drinks and pineapples. And
Speaker 3: you got there and there was, you know, a puddle,
Speaker 3: or you went to a place and you thought, well
Speaker 3: this is a bit cheap. I don't know if this
Speaker 3: is going to be great. You get there and there's
Speaker 3: seventeen pools and drinks and pineapples and all the rest.
Speaker 3: Probably best if you don't include the name, because you know,
Speaker 3: but seven two, seven oh two one, seven oh two.
Speaker 3: What's been your best and your worst surprises? Or maybe
Speaker 3: there was a town that you know, your mother in
Speaker 3: law or someone dragged you to and you thought to yourself, Ah,
Speaker 3: why do I have to go to you know, not
Speaker 3: so cool Storp or whatever? And you get there and
Speaker 3: it's actually party central, you know, like be really good
Speaker 3: to hear your story. It's twenty two minutes now to.
Speaker 2: Seven ewl Sport. Didn't you grow up and not so
Speaker 2: cool Storp? And I'm from the east, from the east.
Speaker 8: Dare you speaking of those vacations spots? Recently we went
Speaker 8: to now Sprit. On the website it looked like you're
Speaker 8: going to go to like a nice old vintage house. Yeah, no,
Speaker 8: I think they missed took vintage for old because everything
Speaker 8: was atrocious. I remember even when me and my friend
Speaker 8: that I were traveling, I was like, please let me
Speaker 8: write the email on Monday because I'm ready to read
Speaker 8: them for fourth and then a surprising one was when
Speaker 8: we went to Durban. All they did was show us
Speaker 8: just like the accommodation that we were going to stay in.
Speaker 8: I was like, oh, it's a normal apartments. What they
Speaker 8: don't tell you that you literally wake up and see
Speaker 8: the beach Like if you just told me that, we
Speaker 8: wouldn't have it.
Speaker 2: It was the most perfect accommodation.
Speaker 8: Every time we think about going back to Durban, you
Speaker 8: know exactly where we're going to stay.
Speaker 2: Okay.
Speaker 3: I was seven two seven two one seven two. Can
Speaker 3: you beat Toler Kelley's story. You've got twenty one minutes
Speaker 3: to do it for the.
Speaker 2: Money show, The Friday File, The Friday.
Speaker 3: File eighteen minutes now to seven the time. Well, I
Speaker 3: don't know what you're doing over the first of season.
Speaker 3: I hoping that you are going away, that you're doing something.
Speaker 3: Maybe you're going to a new place. I'm sure you
Speaker 3: also have stories about holidays where things have gone slightly
Speaker 3: wrong or very right to per see from qu Nazi
Speaker 3: is a travel writers syces. So good evening, it's been
Speaker 3: many years. Good to talk to you again. I think
Speaker 3: many of us just think, look, I'm gonna pack and
Speaker 3: we're going to go. Are there things you should think
Speaker 3: about a little more carefully before you sort of you know,
Speaker 3: get in the car and see how fast you can
Speaker 3: get going.
Speaker 4: Most definitely, it's so good to talk to you against Steven. Yeah,
Speaker 4: you know what I say to people at this time
Speaker 4: of the year, because we all of us, actually, I'm
Speaker 4: gonna say most of us are last minute dot com.
Speaker 4: We're all scrambling to find the perfect holiday right today,
Speaker 4: on the nineteenth of December, we think that we're going
Speaker 4: to get it right. It is kind of possible if
Speaker 4: you have a mindset change. If you are going to
Speaker 4: go to the tourist hotspots that's Jobert, k Town, Durban,
Speaker 4: the ones that you know Cadeja as well, you are
Speaker 4: going to really struggle. But what you want to do
Speaker 4: if you haven't booked just yet and you're trying to
Speaker 4: stretch your money, go away. The tourists are not going right. So,
Speaker 4: for example, accommodation, instead of going to the city center
Speaker 4: or the super Bowl of Cape Town, you book about
Speaker 4: twenty kilometers away. That's more like the Bealvo side of things.
Speaker 4: You are going to save about twenty to thirty percent
Speaker 4: on accommodation, and accommodation is what someth Africans spend the
Speaker 4: most on holiday, So if you're smart about where you
Speaker 4: are booking, you're already going to save about twenty to
Speaker 4: thirty percent, which is huge on holiday.
Speaker 3: I would think also, maybe you give Cape Town a skip.
Speaker 3: I mean, we've had advice on the show going to
Speaker 3: the interior of the country and see what you find.
Speaker 3: I mean, I sometimes think, I mean, I get it.
Speaker 3: I love the coast. I'm not so much a game person.
Speaker 3: I have to tell you, I really do like to
Speaker 3: go to the beach, and that's what I'm doing. But
Speaker 3: I mean there must be lots of value in other
Speaker 3: places too.
Speaker 4: Yes, where I am right now, I'm in BLOOMPHNT day.
Speaker 4: People don't ever think that you can go on holiday
Speaker 4: in bloom Hunting because like you guys were joking around
Speaker 4: just now right, you were saying, it's not so cool towns, right,
Speaker 4: But these not so cool towns are where you need
Speaker 4: to go to stretch your rand. You are going to
Speaker 4: get so much more for your rand here in Blimpom
Speaker 4: then than you are going to in Durban because everyone
Speaker 4: is flocking to Durban, right, But I can tell you now,
Speaker 4: the shops, the ABNBS all the institutions around travel right
Speaker 4: here in Blimpant Day and other parts of the country.
Speaker 4: Like you're saying, in the interior right of the country,
Speaker 4: you are going to save so much more. We all
Speaker 4: love the beach, especially people like us. I'm from Joelburgh
Speaker 4: as well. Right any moment I get into the car
Speaker 4: and I drive down to either Cape Town or Durban
Speaker 4: or any other part of the country where I can
Speaker 4: get to see the sea. But you don't have to
Speaker 4: always go there, especially if you're trying to save a
Speaker 4: bit of money. If you're off the value, go to
Speaker 4: other parts of the country. Come to the Free States.
Speaker 4: I'm telling you, this place is absolutely beautiful. I love
Speaker 4: this part of the country. Go to the likes of Clarence.
Speaker 4: It's not only by the way, there are other parts
Speaker 4: that you can go to. Like I'm saying, I'm in
Speaker 4: bloom from day. People think, oh my word, what are
Speaker 4: you going to do in Blue Front Day? They have
Speaker 4: the most amazing food here. Number one. Number two, there's
Speaker 4: a lot of free activities, believe it or not.
Speaker 2: Free.
Speaker 4: So I went to the National Museum of the Arts
Speaker 4: here and I went to a place called I think
Speaker 4: it's the Olive and Holt Art Museum Museum of Art,
Speaker 4: and it's absolutely beautiful and it's free, completely free.
Speaker 3: I think many of us and I'm guilty of this too.
Speaker 3: I have a family, So you like to go to
Speaker 3: a place you know a little bit, You meet other
Speaker 3: people's children, you watch them grow over the years. I
Speaker 3: know you're a lot more adventurous than our CITIZENSU but
Speaker 3: should we should we should we actually look at going
Speaker 3: to new places. Yes, have a coastal holiday one year,
Speaker 3: but next year, shake it up a little bit and
Speaker 3: go somewhere completely different.
Speaker 4: That is exactly my advice to all our listeners. One year,
Speaker 4: go to where you're comfortable.
Speaker 6: Right.
Speaker 4: My wife is exactly like you, not as adventurous, so
Speaker 4: I have to kind of coax her into going to
Speaker 4: places where we've never been.
Speaker 2: Right.
Speaker 4: So while you go to the coast, you know what
Speaker 4: you expect. But then the year after that do the
Speaker 4: savings and then you say, listen, we are literally going
Speaker 4: to told our eyes, we're going to get a map
Speaker 4: and we're going to put a pin and we're just
Speaker 4: going to choose that place and we are driving there.
Speaker 4: There isn't a part of South Africa that is that
Speaker 4: is not interesting. I have traveled quite a bit in
Speaker 4: our country, and I promise you we have the best
Speaker 4: country in the world. But we tend to go to
Speaker 4: the same places over and over. But let's mix it up, right,
Speaker 4: Get that local flavor in the middle of the Northern Cape.
Speaker 4: Go to that Duness house. She has a beautiful B
Speaker 4: and B. Talk to her. She will tell you what
Speaker 4: they do to keep busy. Don't just always go and
Speaker 4: with the tourists.
Speaker 2: Go right.
Speaker 4: People love to Google, but Google is from people like
Speaker 4: Steven who are going to tell you the same thing
Speaker 4: over and over. Go to the Northern Cape. Go and
Speaker 4: find that what people are doing in Kinderle. That's where
Speaker 4: I'll be in a few days.
Speaker 2: If you are going to a place that you know,
Speaker 2: can you still shake it up?
Speaker 3: But by going to new places when you're there, I
Speaker 3: mean I don't just mean sort of new restaurants, but
Speaker 3: I mean actually get in the car and go somewhere
Speaker 3: completely different. You know, if you're in Cape Town, go
Speaker 3: to Belville, go somewhere else, Go and just see.
Speaker 2: What there is.
Speaker 4: Most definitely, I think we are creatures of habit, right.
Speaker 4: We go to Cata, like you're saying, and we go
Speaker 4: to the same resaurant, but there's so much that you
Speaker 4: can do. Day trips are one of the best things
Speaker 4: that you can do. Like you're saying you can go
Speaker 4: to balb but a lot of people don't even think
Speaker 4: it's worth going to Balvo. But there's so much to do,
Speaker 4: from the wine farmers to the food. I am doing
Speaker 4: a food tour in Balvoe. There's a huge Ethiopian heritage
Speaker 4: there right, So I'm going to do a walking food
Speaker 4: tour in the next two days. And I know it's brilliant.
Speaker 4: It's been recommended by a friend of mine who's also
Speaker 4: just as adventurous. So I think, think about stuff that
Speaker 4: you love and do the exact opposite. That's what you
Speaker 4: need to do.
Speaker 3: Wow Wow, Okay, well I'm not going to go and
Speaker 3: sit in a car for two weeks and look at animals.
Speaker 3: I mean I should, but honestly, no, you can see
Speaker 3: a zebra. It's a failure as an animal. The camouflage,
Speaker 3: doesn't it. I did want to ask in a slightly
Speaker 3: different thing, and if we look at a holiday or
Speaker 3: travel philosophically, so so travel for the sake of travel,
Speaker 3: which is what a holiday sort of is. It's not
Speaker 3: really about moving your physical being. I mean, obviously it is,
Speaker 3: but it's about something else. And is it worth sometimes
Speaker 3: having a conversation with yourself to say, what is it
Speaker 3: that I want to do? It's not just that, well,
Speaker 3: my company is closing down for two weeks over Christmas,
Speaker 3: and therefore I need to go and do something. But
Speaker 3: do I want to go to the beach because maybe
Speaker 3: you serve as a kidney want to pick it up again?
Speaker 2: Fine? Is it that I want to go and rest somewhere?
Speaker 3: Actually, probably within an hour of jobig there must be
Speaker 3: I don't know, five hundred places you could go that
Speaker 3: are very quiet? Is it because I want to go camping?
Speaker 3: I'm a big fan of that. I'm going to be
Speaker 3: very boring about it if we talk about it. Is there?
Speaker 3: What I'm trying to get to is do you need
Speaker 3: to stop them for a minute and think what do
Speaker 3: I want from a holiday? Do I want to be
Speaker 3: moved in a place I've ever been to? Do I
Speaker 3: want peace and quiet? Do I want party?
Speaker 2: Hearty? Is that a good place to start?
Speaker 4: It's a brilliant and brilliant place to start. In fact,
Speaker 4: that's where I always start. Like what do I want
Speaker 4: from this type of holiday? For example, sometimes I want
Speaker 4: to completely switch off in no electronics. No one must
Speaker 4: be able to get a hold of me for two
Speaker 4: or three days. There are places where you can go
Speaker 4: where you won't even have phone signals. So that's the
Speaker 4: type of holiday that you're looking for. You need to
Speaker 4: be able to plan for that. Maybe tell you, but
Speaker 4: you move gone for three three days, you are fine.
Speaker 4: You are just your stitch so off. If you don't
Speaker 4: have that objective of what you want from your holiday,
Speaker 4: after a week or two weeks, or however long it's being,
Speaker 4: you are going to regret that time, right, Like, oh
Speaker 4: my goodness, I actually wanted to be to be in
Speaker 4: a quiet spot, but I ended up in a place
Speaker 4: that was so loud. You never want to do that
Speaker 4: on holiday. But if you have an objective, this is
Speaker 4: what I want. I want a party mood for two weeks.
Speaker 4: You can do that. You can go bar hopping for
Speaker 4: two weeks. It's absolutely comfortable. But that's horrible if you
Speaker 4: are looking to rest, if we are, if you've had
Speaker 4: a really tough turning in twenty five and you really
Speaker 4: want to have a mental break, you know you don't
Speaker 4: want anyone within a one hundred kilometers of you, right
Speaker 4: within the upplate plenty of places with South Africa like that.
Speaker 4: But if you don't start there and say what do
Speaker 4: I want from this holiday, then you are actually signing
Speaker 4: up to yourself for disaster SISO.
Speaker 3: Is there a place, and I know you've been to
Speaker 3: many many parts of the is there a place or
Speaker 3: an experience that maybe stays with you more than others,
Speaker 3: a place that maybe surprised you the most or maybe
Speaker 3: and I think this like a valuable holiday can give
Speaker 3: you this, It can make you think about life in
Speaker 3: a different way. I mean, I cannot imagine the life
Speaker 3: of someone who goes out on a boat every day
Speaker 3: and fishes for a living, and whenever I see that,
Speaker 3: I'm like, wow, that's so different to my life. Or
Speaker 3: when I see people living in a small town where
Speaker 3: everybody knows each other.
Speaker 2: Again so different. I mean, part of me is envious
Speaker 2: and part of me isn't. Is there a particular place
Speaker 2: that you've sort of arrived or as you've left, you thought, actually,
Speaker 2: this place is going to stay with me for some time.
Speaker 2: And if there is a lot of money, it's not Johannesburg.
Speaker 4: It's most definitely is my Joe bug I love Joeberg
Speaker 4: by the definitely is so. I am a huge fan
Speaker 4: of townships.
Speaker 1: Right.
Speaker 4: So in Danza, I don't know this up until I
Speaker 4: think two years ago. I went river rafting in the
Speaker 4: middle of Danzana. There is a guy who is a
Speaker 4: guide in danzan and you do kayaking, you do river
Speaker 4: rafting in Tanzana. I will never forget that because I've
Speaker 4: done kayaking and river rafting in other parts of the
Speaker 4: world and in South Africa. But when I got to
Speaker 4: do it in Dantown, I thought, this is amazing. I'm
Speaker 4: here in the middle of the Eastern Cape and I'm
Speaker 4: doing kayaking. That will always always stay with me.
Speaker 3: Sure, I mean I think of experiences like that. I
Speaker 3: was in a place over the weekend this last weekend,
Speaker 3: I mean less than two hours away from joe Burg.
Speaker 3: I was on my bicycle and they were for giraffe. Surely,
Speaker 3: at some point the rest of the world is going
Speaker 3: to wake up to this and we're going to make
Speaker 3: an absolute fortune when that happens.
Speaker 4: Yeah, I hope the rest of the world really does
Speaker 4: wake up to that. And my prayer always is let's
Speaker 4: leave the hot spots alone. They don't need us, they
Speaker 4: don't need our money, but the rest of the country does.
Speaker 4: Like where you were two hours outside of Jobert, you
Speaker 4: don't even have to drive that far outside of Joberg
Speaker 4: to these magical places. I'm a cyclist myself. I love
Speaker 4: my mountain bike because it allows me to be able
Speaker 4: to soak things in. You know, the environment where I'm in,
Speaker 4: so to be able to cycle two hours outside of
Speaker 4: Jobert is magical. The air is clean, it's green, it's
Speaker 4: just lush. And the rest of the world, I can
Speaker 4: tell you now you get more foreigners coming into South
Speaker 4: Africa to do those types of activities down South Africans
Speaker 4: because again South Africans tend to go to these tourist hospots.
Speaker 4: We are comfortable with delban caped on Jobert, but we
Speaker 4: don't want to kind of get out there and say, listen,
Speaker 4: what else can I do? This beautiful advast country of
Speaker 4: hours where have I not been? Let me go to
Speaker 4: that dorty.
Speaker 3: So this is so wonderful to talk to you again,
Speaker 3: Thank you so much. Sisum Quanazi is a travel writer.
Speaker 3: As you can hear five minutes now to seven.
Speaker 1: Stephen, taking your calls on oh one one three oh seven.
Speaker 3: Two sign for the Friday biz Blitz on The Money
Speaker 3: Show this Friday night.
Speaker 2: You know how it works. We put out a question.
Speaker 3: You call us on A double one double A three
Speaker 3: oh seven O two two one four four six, five
Speaker 3: six seven. If you get it right, we move on
Speaker 3: to the next question. If you get it wrong, we
Speaker 3: move on to the next caller. Okay, first question on
Speaker 3: the Friday bis Blitz. Which Major Hollywood Studios board has
Speaker 3: told shareholders to reject an offer because it says the
Speaker 3: people who've made the offer are lying. Which Major Hollywood
Speaker 3: Studios board has told shareholders to reject an offer because
Speaker 3: it says the people who've made that offer are lying.
Speaker 3: Oh double one double A three oh seven O two
Speaker 3: O two one four four six, five six seven.
Speaker 6: The Money Show, Stephen Crutez is brought to you by
Speaker 6: ABSIR c IB Proud Sole Leader Ranger and Infrastructure Finance
Speaker 6: Structuring Agent of the South African National Treasuries eleven point
Speaker 6: eight billion RAD Infrastructure and Development Finance Bond.
Speaker 5: The Money Show Frida eight bus.
Speaker 3: List double ONEA A three oh seven two two one
Speaker 3: four four six o five six seven. First question, which
Speaker 3: major Hollywood studios board has told shareholders to reject an
Speaker 3: offer because it says the people who've made the offer
Speaker 3: are lying. Let's start with Tuble and pro Tier Glenn Tabor. Hi,
Speaker 3: do you know the answer?
Speaker 4: Yes, I know the answer.
Speaker 2: What is it? Double h It's well abroad.
Speaker 3: I'm gonna give it to you Warner Brothers Discovery. Yes
Speaker 3: it is Okay, okay, double, you're ready for the second question?
Speaker 2: Here we go.
Speaker 3: What is the name of the person who has just
Speaker 3: been confirmed as the new US ambassador to South Africa?
Speaker 3: Do you know who the new American ambassador is who
Speaker 3: was confirmed by the Senate this week?
Speaker 1: Oh?
Speaker 4: My gosh, and I saw your speech as sometimes to
Speaker 4: their online double Oh oh oh gosh, I'm blank?
Speaker 2: Okay, sorry, double, thank you.
Speaker 3: Mark and Randberg has just dropped the line there, unfortunately,
Speaker 3: but O double one double eight, three, seven, two and
Speaker 3: two one four for six five sixty seven. Second question,
Speaker 3: let's a second question on the Money Show tonight. What
Speaker 3: is the name of the person who's just been confirmed
Speaker 3: to the new US ambassador? Let's try Mark and Randberg.
Speaker 3: There you are, Mark, do you know the answer?
Speaker 7: That's why I hang up?
Speaker 2: Okay, Mark, thank you. I appreciate it. Thanks Mark. The
Speaker 2: name of the person.
Speaker 3: Recording, he's being very generous about it. The name of
Speaker 3: the person who's just been confirmed as the new US
Speaker 3: ambassador to South Africa Mandler rose Bank. Mindla, I think
Speaker 3: we've spoken before. Good evening, I blind Bonzo it is.
Speaker 2: It's Leo Brent Bozel. The third I'm not sure where
Speaker 2: the third comes from.
Speaker 3: Okay, Next question, which major twenty billion rand coastal development
Speaker 3: is being planned near Ballito? It features a marina, residential
Speaker 3: estates and commercial space. We spoke to them last night, Mandla. Sorry,
Speaker 3: Just to the question, what is the name of the
Speaker 3: major twenty billion rand coastal development that's been planned near
Speaker 3: Bellito features a marina, residential estates and commercial space.
Speaker 2: It's gays Ada in North coast, Oh, Mandla?
Speaker 4: Would that be?
Speaker 7: Yeah?
Speaker 4: Uh?
Speaker 1: Not kid there, I know.
Speaker 2: Not what.
Speaker 5: Any kid?
Speaker 6: No?
Speaker 3: No, Mindla, sorry, Mindla. But what is the name of
Speaker 3: that major coastal development that's been planned near Belito? Double one,
Speaker 3: double A three seven oh two two one four four
Speaker 3: six and fast six seven.
Speaker 2: Mark from Ramberg you think you know this one?
Speaker 4: I think it's a club made No.
Speaker 2: Sorry, Mark, I'm hoping that tomorrow is kind of to you. Mark. Sorry,
Speaker 2: no thanks though, Mark on the line from Ramberg.
Speaker 3: The answer, I'm afraid is the Zimbali Marina and state development.
Speaker 3: Good evening, it's seven