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Speaker 1: And now The Money Show with Stephen.

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Speaker 2: Credits on seven oh two. Let's walk at all.

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Speaker 1: The Money Show with Stephen Curtis is brought to you

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Speaker 1: by Absente Corporate and Investment Banking, proud sponsor of GTR

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Speaker 1: Africa twenty twenty six, enabling trade flows for growth. Abset

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Speaker 1: is a registered FSB. Good evening, Welcome to the Friday

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Speaker 1: edition of The Money Show. Eight minutes after six the

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Speaker 1: time this evening. And I suppose all the talk inevitably,

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Speaker 1: no matter what you try to talk about, ends up

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Speaker 1: talking about oil prices and fuel. And there are various

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Speaker 1: calculations to work out how much you're going to pay

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Speaker 1: for a litter in the next two weeks or the

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Speaker 1: next ten days or so, lots of different calculations doing

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Speaker 1: the rounds sort of five rand e liter is the latest,

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Speaker 1: it could be higher. Have seen some saying seven. I

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Speaker 1: think us were one saying nine. I don't know what

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Speaker 1: that was based on, but letter that doesn't happen. Have

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Speaker 1: you thought at all about what options there are? So

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Speaker 1: I was walking my dogs on alongside river quite near

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Speaker 1: where I live. Very lucky with where I live, and

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Speaker 1: you often see recreational cyclists there. I cycle there too,

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Speaker 1: very often. And I saw today just going past me

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Speaker 1: at quite a speed actually, but very controlled, someone on

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Speaker 1: an e bike and from the way they were dressed

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Speaker 1: and from what the bike had on it, you could

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Speaker 1: see they were going to work, you know, And I

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Speaker 1: was just thinking. I know, in London, for example, that

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Speaker 1: kind of thing is really taken off, quite common to

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Speaker 1: see people formerly dress dressed for officers. People don't really

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Speaker 1: wear suits anymore. But going to work on an e bike.

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Speaker 1: So yes, you're cycling a bit, but the bike's doing

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Speaker 1: a lot of the work for you the run off electricity,

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Speaker 1: so you know. I mean, it's just one option, an

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Speaker 1: expensive option, because those things aren't cheap. On the other hand,

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Speaker 1: once you have them, the running costs are nothing. So

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Speaker 1: I don't know if you've thought of any options. I

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Speaker 1: know some people may be lucky enough to walk to work,

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Speaker 1: probably very few of us. I do wonder if this

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Speaker 1: is Rail's big moment. I mean, PRAAS is quite far

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Speaker 1: along with this recovery program, but it was further along

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Speaker 1: that would have been even better, if you know what

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Speaker 1: I mean, If that makes sense. We will talk about

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Speaker 1: that in a little while. We'll hear from doctor Slavin

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Speaker 1: in a moment, the executive director at the Economic Policy

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Speaker 1: Research Institute for Trade and Industrial Policy Strategies about structural steel,

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Speaker 1: construction steel. They are new tariffs coming in on that.

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Speaker 1: We will talk about public transport with the economist John

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Speaker 1: Lewis at around twenty past six and just talk about options.

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Speaker 1: You know, that'll be in our explainer in a few moments,

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Speaker 1: and then from around eight thirty or so we'll be

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Speaker 1: talking about super yachts and just the VNA waterfront, the

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Speaker 1: massive investment that they're making there and why they are

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Speaker 1: making it. And then of course we will be having

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Speaker 1: the Friday this let's looking forward to that as well.

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Speaker 1: A little later and I realized we're a money show.

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Speaker 1: I realized we're I suppose quite a serious place. But

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Speaker 1: if I could take a moment to just I suppose

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Speaker 1: away think of Chuck Norris, because he had such a

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Speaker 1: big impact on popular culture and on popular culture in

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Speaker 1: South Africa, and I'm sure you will mourn his passing

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Speaker 1: in some way. Just one of those people who's been

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Speaker 1: around as part of your life for so many years.

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Speaker 1: Whether you watched them or not, you would have seen

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Speaker 1: trailers for this and trailers for that and Walker Texas

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Speaker 1: Delta for sport that and things like that. So you

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Speaker 1: know someone who's passed away a bit of a mark

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Speaker 1: on the entertainment industry. Good to hear from you. Oh

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Speaker 1: double one double A three oh seven, oh two two

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Speaker 1: one four four six O five six seven and voice

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Speaker 1: notes on oh seven two seven oh two one seven

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Speaker 1: oh two. The Laney Show with Stephen Krudis live on

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Speaker 1: ninety two point seven and one o six have them

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Speaker 1: streaming on the Prime Media.

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Speaker 3: Plus NAP and TSTV channel eight five six.

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Speaker 1: Well Government confirming it's now imposed steep tariffs on structural

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Speaker 1: steal that's used in construction if that steel comes from

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Speaker 1: China or Thailand. Our International Trade Administration Commission said it

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Speaker 1: had found evidence of dumping. In other words, those countries

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Speaker 1: were setting the steel for less than a cost to

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Speaker 1: make and that was cut undercutting our producers. Doctor Sulivin

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Speaker 1: is the executive director of the Economic Policy Research Institute

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Speaker 1: for Trade and Industrial Policy Strategy. So all good evening,

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Speaker 1: I appreciate your time on a Friday night. So structural

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Speaker 1: steal from China has a new duty of nearly fifty

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Speaker 1: three percent. Steal from Thailand at nine percent. Is this

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Speaker 1: going to do much to really protect Austria our steel industry?

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Speaker 1: And I suppose people who make structural.

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Speaker 4: Steel, yes, So I mean it's the companies that are

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Speaker 4: making it that have put in their application initially to

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Speaker 4: say that they were facing unfair competition from China. And

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Speaker 4: then Artech does quite a thorough investigation. Some people might

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Speaker 4: argue to thorough, but they do a very detailed review

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Speaker 4: of the passing both locally and in the countries that

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Speaker 4: are being as used of dumping, and so they would

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Speaker 4: have come to that figure on what they see as

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Speaker 4: being unfair competition from China and Thailand.

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Speaker 1: The numbers that are confirmed are so curiously precise, So

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Speaker 1: the terror from structurals seal from China, it's not just

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Speaker 1: fifty two percent, it's fifty two point eighty one percent.

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Speaker 1: And from Thailand it's not just nine percent, it's nine

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Speaker 1: point twelve percent. I mean, what kind of calculation is

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Speaker 1: used to make it that precise? Does it matter one

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Speaker 1: decimal point either way?

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Speaker 4: Well, they've got a formula, so they're sticking to their

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Speaker 4: formula and clearly quite rigorously. So yeah, I mean I

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Speaker 4: think they go through a process, they get a lot

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Speaker 4: of data when they do that analysis, so they'll get

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Speaker 4: to country data from China. They even contact on the

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Speaker 4: firms that are being accused of the dumping to supply information.

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Speaker 4: Sometimes they do, sometimes they don't, and then based on

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Speaker 4: the information they get, they'll do a comparison on what

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Speaker 4: other countries are producing the prissing systems and as well

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Speaker 4: as the local prossing and they'll use their formula then

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Speaker 4: to come to those figures.

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Speaker 1: Is there I mean, so I tax found evidence of this.

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Speaker 1: I haven't heard anyone saying there isn't evidence, but I

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Speaker 1: mean it's quite a big thing for our government to

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Speaker 1: say to China, you're dumping this product here.

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Speaker 4: We do it on quite a few products, so there's

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Speaker 4: many different products. But they do it in a in

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Speaker 4: a fair and transparent way, so it's not like the

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Speaker 4: president wakes up one morning and says or one evening

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Speaker 4: in the middle of n and sends out a tweets

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Speaker 4: saying we're doing this. So it's a fair process. So

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Speaker 4: it's easily justifiable, and it's across multiple products. And where

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Speaker 4: there are instances where there isn't dumping, the duties are

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Speaker 4: not imposed. So they do some investigations where they don't

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Speaker 4: find evidence of dumping, and then or there's a counter

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Speaker 4: argument saying maybe we don't make those products, so there's

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Speaker 4: no justification in putting in a tariff because we benefit

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Speaker 4: from the cheaper product coming as imports. So going to

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Speaker 4: China and saying, look, we've gone through this process, they

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Speaker 4: understand it. They operate in a particular way. They do

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Speaker 4: understand how our set works. So I don't think there's

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Speaker 4: any potential political fallout. Obviously no country is happy when

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Speaker 4: these things are imposed, but it's done in such a

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Speaker 4: way that as part of a longstanding process that's been

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Speaker 4: around for decades.

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Speaker 1: When I Tech conducts its investigation, I presume that it

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Speaker 1: will also hear from the South African representatives of those companies.

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Speaker 1: In other words, it'll hear them out. Because where I'm

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Speaker 1: really going with this is could someone challenge this decision

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Speaker 1: in some way?

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Speaker 4: Yes, So the people who ad want to challenge it

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Speaker 4: are the people who benefiting from the cheap imports and

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Speaker 4: the imports themselves. So they usually are here rings where

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Speaker 4: people are asked to make submissions and they are excuse me,

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Speaker 4: they will then make representations. I mean, it does get

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Speaker 4: challenge from time to time, but those challenges are also

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Speaker 4: quite cumbersome and difficult processes. So it's a five year

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Speaker 4: ban or not five year ban, five year a duty

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Speaker 4: that's being imposed. And there will likely be some companies

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Speaker 4: that say, look, you're pushing up the cost of steel

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Speaker 4: for us, will structural steel for us? We would like

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Speaker 4: the cheaper structural steel. It goes into making our construction

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Speaker 4: sector more affordable. So they justify the cheaper imports on

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Speaker 4: that basis. So these things are always contested, and the

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Speaker 4: way we do things in a democracy is you know,

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Speaker 4: it's open to go to the courts or challenges, and

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Speaker 4: there's appeal processes.

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Speaker 1: So I mean, I was going to ask that because

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Speaker 1: obviously the people who import the steel would have to

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Speaker 1: be heard, but how about the consumers, so construction companies,

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Speaker 1: and as always, as you know better than I do,

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Speaker 1: so or trade policies like this have consequences in many directions.

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Speaker 4: Yes, so it will have an impact that those that

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Speaker 4: are getting the cheapest. Still, so when I check do

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Speaker 4: these decisions, they have to weigh up all of those things,

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Speaker 4: and that's why it is a lengthy process that they

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Speaker 4: were justified on the basis that these imports are not

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Speaker 4: market pricing. They're based on unfair competition. So often there's

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Speaker 4: subsidies given in China in particular, and that gives those

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Speaker 4: companies an unfair advantage. And if we want to operate

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Speaker 4: on a rules based trading system, then you need to

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Speaker 4: make sure that your competitors is also following the same rules.

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Speaker 4: So if we were to just open up our country

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Speaker 4: and say everything comes in terrifory, we would have no industry.

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Speaker 4: And industry creates jobs, and it creates the world or

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Speaker 4: products you know that need to be bought. So it's

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Speaker 4: not an easy decision to make, and I'm sure they

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Speaker 4: applied their minds, but sometimes they do have to make

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Speaker 4: those tough choices.

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Speaker 1: Doctor Slivine, thank you. Ready to appreciate your time, The

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Speaker 1: executive director of the Economic Policy Research Institute for Trade

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Speaker 1: and Industrial Policy Strategies. If you're in that business construction steel,

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Speaker 1: how important an input is it for you? And what

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Speaker 1: does this mean? I suddenly the price of some of

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Speaker 1: the steel you've been buying goes up by fifty percent

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Speaker 1: or excuse me, fifty two point eighty one percent. Eighteen

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Speaker 1: minutes after.

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Speaker 2: Six no money explainer, you.

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Speaker 1: Would have seen several different and quite a big variety

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Speaker 1: of predictions of how big the jump in fuel prices

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Speaker 1: will be in about ten days time. The latest I've

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Speaker 1: seen suggests around five round a liter. That's what EWN

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Speaker 1: is reporting. I've heard of seven round. I've heard of

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Speaker 1: nine round, which scares me and surely can't be possible.

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Speaker 1: But perhaps around there five seven maybe must be on

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Speaker 1: the money. We'll have to see. But when that happens,

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Speaker 1: what options do you have? Most of our cities are

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Speaker 1: incredibly unfriendly to cyclists. Could public transport help? And I'm

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Speaker 1: thinking specifically around passenger rail. John Loose is an independent economist.

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Speaker 1: John Good evening, when we have fuel price increases like this,

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Speaker 1: everybody suffers, But I presume people who go everywhere by car,

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Speaker 1: who become used to that take quite a while.

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Speaker 2: They do, Stephen.

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Speaker 5: If one looks at the CPI twenty two provided a

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Speaker 5: bit of a case study. There was a fuel price

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Speaker 5: spike REDCRUD went to above one twenty five a barrel,

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Speaker 5: so it was a bit higher than where we are now.

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Speaker 5: And we saw when you break down the transport CPI,

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Speaker 5: we saw the CPI for fuel spike to fifty six

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Speaker 5: point three percent year on yeah, that was its inflation

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Speaker 5: right now. Obviously, if you run a private vehicle, that's

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Speaker 5: the direct impact on you. You start filling your tank

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Speaker 5: up from the early in that month at that increased rate.

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Speaker 5: The public transport providers all cushion the blow. They smooth

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Speaker 5: out the cycle. So when fuel prices drop, that's useful

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Speaker 5: for the private transport provider. There is cost go down

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Speaker 5: that doesn't happen in public transport that generally don't drop

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Speaker 5: their tariffs, but when it goes up sharply they absorb

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Speaker 5: some of the cost increase. And taxi fares for one

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Speaker 5: that's fuel driven nineteen point six percent, so significantly low

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Speaker 5: than the private transport user cost increase. And then when

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Speaker 5: you get down to buses which are subsidized, admittedly nine

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Speaker 5: point four percent was their peak in inflation in their

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Speaker 5: fares and rail hardly got about five percent. So apart

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Speaker 5: from that, generally, all the time, your public transport, if

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Speaker 5: it has the passenger numbers, which it normally does, is

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Speaker 5: more fuel efficient, so it drives us of low cost

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Speaker 5: fuel cost per kilometer on a permanent basis, so it

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Speaker 5: can insulate the economy in the household to a significant

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Speaker 5: degree against the exposure to petrol.

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Speaker 1: I mean, it's an obvious calculation one many US. A

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Speaker 1: taxi taking say fifteen people is just incredibly much more

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Speaker 1: efficient than one car that's used to take one person

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Speaker 1: to work and maybe drop a cad at school.

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Speaker 5: Yes, and that's why what one sees if you look

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Speaker 5: at the CPI by dethile, so you look at the

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Speaker 5: income groups, the highest income groups have the highest weighting

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Speaker 5: of transport in their basket of goods, so they are

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Speaker 5: more exposed to transport in general, and significantly more exposed

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Speaker 5: to the private transport one which KIM generally does jump

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Speaker 5: with this type of fuel price increase more than public transport.

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Speaker 1: I'm always slightly amazed and impressed actually, to be honest,

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Speaker 1: at the taxi, the manibus taxi industry's ability to absorb costs,

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Speaker 1: because I mean every manibus taxi representative are they ever

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Speaker 1: spoken to, is asked for a government subsidy, I mean

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Speaker 1: instantly and all the time, and yet they do seem

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Speaker 1: to be able to absorb the cost for quite a while.

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Speaker 1: I mean, as you say, they smooth it out, but

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Speaker 1: it is still fascinating to me that they do that.

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Speaker 5: They do, yes, but again it's The flip side is

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Speaker 5: that when fuel perpetual prices drop and and you know,

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Speaker 5: the private transport user pays less, is cost going to deflation.

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Speaker 5: That doesn't happen with the minibus taxi or the train transport.

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Speaker 5: They then they go down to years zero increase, but

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Speaker 5: they don't tend to go negative according to the CPI numbers,

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Speaker 5: so they recoup I guess in that time when the

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Speaker 5: fuel costs are declining.

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Speaker 1: The obvious example of trying to get around this is

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Speaker 1: what you pointed to with the trains and that there

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Speaker 1: was just during twenty twenty two and that fuel price

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Speaker 1: shop there was no real increase in their costs, and

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Speaker 1: it would seem that this is the obvious option if

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Speaker 1: you can and if there's one year you.

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Speaker 5: Well, yes, I mean train transport is the most fuel efficient,

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Speaker 5: you know, if you obviously if you're filling up your trains,

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Speaker 5: probably with the passenger numbers, it should be passenger killer me.

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Speaker 5: So it should be far mire fuel efficient and private

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Speaker 5: transport so over time, where whether the fuel prices are

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Speaker 5: low or high, it should reduce the exposure of the

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Speaker 5: household sector to to fuel price to to fuel costs.

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Speaker 5: That's that's what public transport should do. Apart from solving

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Speaker 5: urban congestion problems and time issues and so on. Reliable

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Speaker 5: public transport has a has a significant reduction in the

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Speaker 5: exposure to fuel.

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Speaker 1: We've seen PRASSER, the Passenger rail Agency improve quite strongly,

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Speaker 1: it seems, and their plans to improve that capacity. Further More,

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Speaker 1: trains are being built are really effective and crucially an

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Speaker 1: efficient a cheaply priced public transport system. I mean, what

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Speaker 1: kind of economic impact does that have. I mean, I've

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Speaker 1: heard from people who tell me they, you know, would

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Speaker 1: grow up in places like Boksburg and be able to

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Speaker 1: be in the Joeberg CBD, you know, long time ago,

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Speaker 1: very quickly and very cheaply in how they moorn that

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Speaker 1: because it's much more expensive now.

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Speaker 5: No, it is, and I think that's the problem, especially

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Speaker 5: for the well they can use train transport where it exists.

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Speaker 5: It's it's crucial for them to have states of the

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Speaker 5: art public or reliable public transport. Even more because they're

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Speaker 5: the former townships because of the aparty city layout, are

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Speaker 5: often far from places of work, and they spend a

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Speaker 5: very high amount of their high portion of their income

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Speaker 5: on transport costs. So the better the public transports, the

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Speaker 5: better for them, but even for the affluent as well.

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Speaker 5: To reduce your exposure to to to pure costs and

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Speaker 5: you know, to be more efficient per passenger kilometer, that

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Speaker 5: must put more money in their pockets too. If we

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Speaker 5: were to have this comprehensive, state of the art public

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Speaker 5: transport system, and that's the that's the importance, is comprehensive.

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Speaker 5: You know, you can sometimes live on a route where

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Speaker 5: there's a real liable bus, rapid bus transit or a train.

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Speaker 5: That's possible. But you know a lot of people when

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Speaker 5: they work, they need their they need to get around

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Speaker 5: for meetings or whatever it might be during the day

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Speaker 5: while they're at work. So then you need a car

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Speaker 5: if you don't have the comprehensive public transport.

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Speaker 2: And that's the trick.

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Speaker 5: You can't just have one or two lines and the

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Speaker 5: rest of the city.

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Speaker 2: Is not serviced.

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Speaker 1: I mean, it's what every parent feels they need to

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Speaker 1: drive to work because they might get a phone call saying,

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Speaker 1: come and fetch your child from school. They're not well.

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Speaker 1: And the moment that that happens, people will stay in

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Speaker 1: their cars unless things change dramatically. When you build a

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Speaker 1: public transport system, and if you have working stations in

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Speaker 1: lots of places with lots of people using them, and

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Speaker 1: we see this with a card train to an extent,

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Speaker 1: I mean that must generate a whole lot of economic

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Speaker 1: activities in those areas. You could really use this as

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Speaker 1: a developmental nodal project.

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Speaker 5: Well, I think more than that. You mustn't just develop,

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Speaker 5: But it's not as useful as a potential to development mode.

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Speaker 5: It's got to be pushed because what you need to

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Speaker 5: make public transport viable is around the stations or along

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Speaker 5: bus routes. This sort of stripped the main route. You've

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Speaker 5: got to have high density living to create the passenger

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Speaker 5: numbers in the demand to run that public transport financially

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Speaker 5: more viably. Low density living and working doesn't work that well.

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Speaker 5: And that's the problem with South African cities. It's the

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Speaker 5: high density stuff. Security in Brazil, for instance, has zoned

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Speaker 5: for densification along major transport corridors and prevented it, as

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Speaker 5: I understand, away from transport corridors to get the mass

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Speaker 5: demand on that corridor and then you can provide more

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Speaker 5: frequent and reliable mass public transport more viably.

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Speaker 1: Sure, John Louce think you really enjoyed that the Independent

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Speaker 1: Economists something we need to think about, well, quite a

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Speaker 1: lot we need to think about really. Twenty seven after six.

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Speaker 4: The Money Show, the Market.

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Speaker 1: Hirabell nonjana Is VIP Clients Manager Prime XB evening. Yeah,

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Speaker 1: so obviously quite a few updates today and the Fashini

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Speaker 1: Group their overall headliner earnings will be done. But the

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Speaker 1: recent cells have done quite nicely.

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Speaker 6: Yeah, I know the Q four sales that have done

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Speaker 6: quite nicely. They reported that they're up about seven point

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Speaker 6: four percent and that's on the back of the two

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Speaker 6: pot retirement withdraws that people had. But when you look

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Speaker 6: at the Fashini Group as well as true as they've

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Speaker 6: really have been laggered in this in the segment. I mean,

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Speaker 6: I remember, going back five years ago, I used to

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Speaker 6: have a research analyst to my team who was a

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Speaker 6: big punt of the Fashini Group saying that it has

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Speaker 6: the right diversification of fashion and a young buying team.

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Speaker 6: But that strategy has not worked out. And if the

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Speaker 6: pain is coming from Australia and the UK.

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Speaker 1: The Premier Group and update out today they share price jump,

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Speaker 1: but I think other consumer shares did a reminder that

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Speaker 1: in these times you should invest in Bread.

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Speaker 6: Eighty three percent of their revenue still comes from Bread

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Speaker 6: and they have great, great brands even in their groceries.

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Speaker 6: And for me, this is one of South Africa's oldest

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Speaker 6: companies that have and has recently come to the market

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Speaker 6: and as late as November they announced the share buy

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Speaker 6: back which has really really done well for the shareholders

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Speaker 6: and operationally, there's nothing bad you can say about it.

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Speaker 6: They have great brands, performing quite well. Centralizing, they're baking

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Speaker 6: a division here and Johannesburg in order to gain out

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Speaker 6: some operational efficiencies. Overall, a great trading statement with them

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Speaker 6: saying that numbers are going to be better than twenty

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Speaker 6: percent higher in the next earnings release.

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Speaker 1: The aluminium maker Hulaman. They're making quite a big loss

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Speaker 1: I think fifty cents to share. I mean, lots of

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Speaker 1: people in that space. It's not a great time.

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Speaker 6: Yeah, I know. They try, they try to focus their

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Speaker 6: strategy on South Africa to try to move into the

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Speaker 6: fast moving consumer goods and become the number one can provider.

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Speaker 6: And well, what really has has has has disturbed these

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Speaker 6: earnings has just been aged two. They've just had operational

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Speaker 6: issues with them with they milk going down for shout

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Speaker 6: for plans shut down and then trying to bring it

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Speaker 6: back online. And they've been having more complications and we

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Speaker 6: can see a lot of write downs in their product

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Speaker 6: in previous training statements and that just has to do

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Speaker 6: with quality issues. Overall, they're going to be swinging into

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Speaker 6: a loss for the full year. It will be good

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Speaker 6: to see on Monday how the results really are and

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Speaker 6: to see if there is no rainbow at the end

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Speaker 6: of there's no gold basket at the end of the rainbow.

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Speaker 1: Lots of different countries have been affected in lots of

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Speaker 1: different ways by the conflict in the Middle East. The

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Speaker 1: UK now having an impact on their yield on their bonds.

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Speaker 6: Yeah, yesterday the bo came out and they held raids.

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Speaker 6: I mean that economy has not been doing well and

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Speaker 6: has been really lagging, and the marketing anticipated that this

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Speaker 6: year we would have seen to interest rates cuts and

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Speaker 6: listening to the governors yesterday, they do cite that that

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Speaker 6: they are going to they have to raise their estimates

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Speaker 6: on inflation. And if you look at all the currencies

401
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Speaker 6: where they are net importers of oil, they've been weakening

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Speaker 6: currencies as well as weakening bond yields, which I'll always

403
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Speaker 6: say is really quite confusing because the equity market is

404
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Speaker 6: pricing in that things are okay, and the bond yields

405
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Speaker 6: are saying that things are not okay, and it's it's

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Speaker 6: really this just the position, which is I think really

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Speaker 6: confusing the market.

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Speaker 1: It's not hard, it's not okay things. Yeah, thanks so much.

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Speaker 1: Kira Billana, VIP clients manager at Prime XPE six thirty.

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Speaker 2: What Stephens on seven two seven oh two one seven

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Speaker 2: oh two.

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Speaker 1: Well, I was talking earlier about how you get around

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Speaker 1: high fuel prices and telling the story of somebod who

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Speaker 1: cycled past me on an ee bike earlier today and

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Speaker 1: just sort of one, bring a loud if that might

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Speaker 1: be an option.

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Speaker 7: I don't think key bikes are actually really an answer

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Speaker 7: for South Africa. It's not about the motive force of

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Speaker 7: the bicycle of commuting to work. I cycle to work

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Speaker 7: in Dublin all the time to my office job, not

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Speaker 7: an e bike, just a normal bicycle. But the roads

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Speaker 7: with there, the facilities that were there, it was fairly safe,

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Speaker 7: all that kind of thing. Here, it's just too far,

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Speaker 7: it's not safe. Yeah, I just don't see an e

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Speaker 7: bike being part of the question for commuting here as

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Speaker 7: an option. We need to change a lot more than

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Speaker 7: that before, you know, e bikes or normal bicycles become

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Speaker 7: an option. So yeah, until then, work from home if

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Speaker 7: you can. I guess, cheers Paul, and some said west.

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Speaker 1: Oh, thanks. I mean the other thing. And I must

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Speaker 1: just say, as someone who's cycled to work for about

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Speaker 1: two or three years in joe Burg, is that Ireland

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Speaker 1: I've never been, but has got to be flatter than

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Speaker 1: joe Burg because joe Burg the advisers run the valley

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Speaker 1: of a thousand hills. You know all of that. A

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Speaker 1: number of hills in joe will kill you, it'll humble you,

437
00:24:02,440 --> 00:24:05,320
Speaker 1: it'll dribble you on a bicycle if you go into

438
00:24:05,320 --> 00:24:08,280
Speaker 1: work and don't know the route. Anyway, for twenty two

439
00:24:08,320 --> 00:24:09,520
Speaker 1: minutes now to.

440
00:24:09,280 --> 00:24:11,960
Speaker 3: Seven, they show the Friday file.

441
00:24:12,080 --> 00:24:14,440
Speaker 1: The Friday file. I don't know if you've been out

442
00:24:14,480 --> 00:24:17,400
Speaker 1: on you super yacht yet this weekend. I'll get mine

443
00:24:17,400 --> 00:24:19,920
Speaker 1: out of the garage a little later. The weekend is

444
00:24:19,960 --> 00:24:23,399
Speaker 1: still young. If I did have one in the real world,

445
00:24:23,920 --> 00:24:26,560
Speaker 1: I suppose probably the place I'd want to go when

446
00:24:26,600 --> 00:24:29,520
Speaker 1: you think about it, I mean Monico is great this

447
00:24:29,640 --> 00:24:33,600
Speaker 1: time of year, frankly, but of the US blah, Canada never.

448
00:24:34,840 --> 00:24:37,720
Speaker 1: So probably go to the VNA Waterfront. And would you

449
00:24:37,760 --> 00:24:41,440
Speaker 1: believe that there's news this week that the VNA Waterfront

450
00:24:41,560 --> 00:24:44,400
Speaker 1: is going to invest in building a massive new marina

451
00:24:44,520 --> 00:24:47,720
Speaker 1: for super super yachts. I hope it's big enough for mine, Graham?

452
00:24:47,720 --> 00:24:51,800
Speaker 1: Would it's the CEO of the VNA Waterfront, Graham Good evening?

453
00:24:52,359 --> 00:24:54,199
Speaker 1: What kind of marina are you going to be building?

454
00:24:55,560 --> 00:24:58,840
Speaker 8: Hi, Stephen, Good to be with you. So basically we're

455
00:24:58,880 --> 00:25:02,720
Speaker 8: building a I guess you can call it a super

456
00:25:02,760 --> 00:25:07,000
Speaker 8: yacht basin in front of our new Marriage Edition hotel.

457
00:25:06,720 --> 00:25:09,400
Speaker 2: That opens in August September.

458
00:25:10,040 --> 00:25:16,560
Speaker 8: So basically building nine berths for super yachts up to

459
00:25:17,200 --> 00:25:22,760
Speaker 8: about seventy meters long. That becomes an additional attraction as

460
00:25:22,800 --> 00:25:27,120
Speaker 8: a destination for what is becoming an increasingly growing super

461
00:25:27,200 --> 00:25:28,920
Speaker 8: yacht industry globally.

462
00:25:29,600 --> 00:25:31,800
Speaker 1: I mean, how long did you say these things are?

463
00:25:31,920 --> 00:25:34,280
Speaker 1: I mean, I know, super yacht I think is defined

464
00:25:34,280 --> 00:25:36,479
Speaker 1: by being over twenty four meters. Some of them are

465
00:25:36,520 --> 00:25:37,680
Speaker 1: absolutely huge.

466
00:25:38,400 --> 00:25:40,040
Speaker 8: Yeah, we can go up to I think it's a

467
00:25:40,080 --> 00:25:43,800
Speaker 8: maximum length of ninety meters. Stephen, And you know these

468
00:25:44,560 --> 00:25:48,719
Speaker 8: you can imagine these these super yachts are rather expensive toys,

469
00:25:48,760 --> 00:25:51,560
Speaker 8: so you know, we have to be very sure that

470
00:25:52,119 --> 00:25:57,159
Speaker 8: we can accommodate them from the birthing technical.

471
00:25:56,800 --> 00:25:57,720
Speaker 2: Speak point of view.

472
00:25:57,880 --> 00:25:59,760
Speaker 8: So there's lots of work that's going on at the

473
00:25:59,800 --> 00:26:03,560
Speaker 8: moment in terms of building pontoons so that these guys,

474
00:26:03,680 --> 00:26:07,560
Speaker 8: the yachts can be birthed against. We've got to put

475
00:26:07,640 --> 00:26:11,080
Speaker 8: anchors in the seabed, et cetera. So it's quite a technical,

476
00:26:12,400 --> 00:26:14,760
Speaker 8: a lot of technical work that has to go into

477
00:26:15,040 --> 00:26:21,120
Speaker 8: creating for the superyachts to safely birth in our marina.

478
00:26:21,560 --> 00:26:24,840
Speaker 1: Quite fun in a way. How long do they stay for?

479
00:26:24,960 --> 00:26:27,760
Speaker 1: I mean I sort of have an image of people

480
00:26:27,800 --> 00:26:29,880
Speaker 1: who kind of flit around the world and their super

481
00:26:29,960 --> 00:26:33,159
Speaker 1: yacht and their helicopter and their jet. I mean, do

482
00:26:33,200 --> 00:26:35,320
Speaker 1: they stay just for the night? Surely not. Do they

483
00:26:35,320 --> 00:26:37,000
Speaker 1: stay for a couple of months? Maybe?

484
00:26:37,560 --> 00:26:38,000
Speaker 2: No? Yeah.

485
00:26:38,000 --> 00:26:40,359
Speaker 8: You see, what's quite interesting about the super yacht world

486
00:26:40,480 --> 00:26:44,240
Speaker 8: is that seldom you find the owners of the super

487
00:26:44,320 --> 00:26:46,720
Speaker 8: yachts actually spending a lot of time.

488
00:26:46,560 --> 00:26:48,360
Speaker 2: On their yachts or on their boats.

489
00:26:48,720 --> 00:26:52,600
Speaker 8: So what happens is, you know, our market or the

490
00:26:52,680 --> 00:26:54,600
Speaker 8: key people for us to get to are actually the

491
00:26:54,680 --> 00:26:59,720
Speaker 8: captains of these super yachts because they're often dictating where

492
00:26:59,720 --> 00:27:05,160
Speaker 8: they go for refueling, provisioning, and then obviously the owner.

493
00:27:05,240 --> 00:27:08,560
Speaker 8: And that's why Cape Town becomes such a great option

494
00:27:08,640 --> 00:27:11,240
Speaker 8: for owners because it's a great destination for people to

495
00:27:11,280 --> 00:27:14,399
Speaker 8: come to. So you can imagine an owner sitting somewhere

496
00:27:14,400 --> 00:27:16,439
Speaker 8: in Europe and saying to his captain or I'd like

497
00:27:16,480 --> 00:27:18,960
Speaker 8: to be in I'd like to be in Cape Town

498
00:27:19,000 --> 00:27:20,720
Speaker 8: and we might want to go from Cape Town to

499
00:27:21,000 --> 00:27:22,840
Speaker 8: the Sachel. So I'm going to be in Cape Town

500
00:27:22,840 --> 00:27:23,679
Speaker 8: on something such a day.

501
00:27:23,760 --> 00:27:24,920
Speaker 2: Make sure my boat is there.

502
00:27:25,640 --> 00:27:28,080
Speaker 8: So we need to be able to have the facility

503
00:27:28,200 --> 00:27:31,440
Speaker 8: for that super yacht and the owner to be able

504
00:27:31,480 --> 00:27:34,560
Speaker 8: to get to his yacht in Cape Town. But you

505
00:27:34,600 --> 00:27:36,919
Speaker 8: know what the amazing thing about this industry is for

506
00:27:37,040 --> 00:27:41,200
Speaker 8: us is not just about the amazing super yacht being

507
00:27:41,240 --> 00:27:44,200
Speaker 8: birthed and paying us birthing fees, et cetera. But we

508
00:27:44,359 --> 00:27:49,560
Speaker 8: become an option for these super yachts for marine services,

509
00:27:49,600 --> 00:27:53,280
Speaker 8: boat building, repair work, provisioning, et cetera. So there's a

510
00:27:53,320 --> 00:27:57,040
Speaker 8: big industry that we are currently part of in terms

511
00:27:57,080 --> 00:28:02,160
Speaker 8: of our marine ecosystem that services these type of these

512
00:28:02,200 --> 00:28:08,000
Speaker 8: type of vessels. So it's a great downstream economic multiplier

513
00:28:08,160 --> 00:28:11,480
Speaker 8: for us in in Cape Town. So that's another reason

514
00:28:11,480 --> 00:28:12,560
Speaker 8: why we're actually doing this.

515
00:28:13,040 --> 00:28:14,399
Speaker 1: Well, I was going to say, I mean one of

516
00:28:14,400 --> 00:28:16,800
Speaker 1: these things puts in for a couple of weeks, maybe

517
00:28:16,880 --> 00:28:18,920
Speaker 1: a month while they wait for the owner or after

518
00:28:18,960 --> 00:28:20,960
Speaker 1: the owner has been on it or something. There's all

519
00:28:21,000 --> 00:28:22,760
Speaker 1: sorts of stuff that has to be done to it,

520
00:28:22,800 --> 00:28:23,879
Speaker 1: and that employs people.

521
00:28:24,520 --> 00:28:27,200
Speaker 8: Oh absolutely, And you know we're part of our facility

522
00:28:27,280 --> 00:28:29,600
Speaker 8: because it's a this is the luxury side of the

523
00:28:30,119 --> 00:28:33,159
Speaker 8: of this industry, so you know, we have creating a

524
00:28:33,160 --> 00:28:36,280
Speaker 8: concierge facility, et cetera. So there's all sort of charter

525
00:28:36,400 --> 00:28:43,280
Speaker 8: opportunities for helicopter people, uh, flight charters uh, and even

526
00:28:43,320 --> 00:28:47,520
Speaker 8: the connection of from Cape Town into Safari, so the

527
00:28:47,680 --> 00:28:50,240
Speaker 8: game reserves in the Eastern Cape and even as far

528
00:28:50,320 --> 00:28:53,680
Speaker 8: as you know, the Sarby Sands and those type of places,

529
00:28:53,680 --> 00:28:55,480
Speaker 8: because we've got the connection.

530
00:28:55,240 --> 00:28:58,720
Speaker 2: By air for these these.

531
00:28:58,480 --> 00:29:01,280
Speaker 8: Visitors to to ex raw our wonderful country.

532
00:29:01,880 --> 00:29:05,120
Speaker 1: So I mean, one of the funny things about people

533
00:29:05,160 --> 00:29:06,720
Speaker 1: who have these yachts, I mean, I'll think if you

534
00:29:06,800 --> 00:29:10,080
Speaker 1: have one, you're really done with showing off. But I

535
00:29:10,120 --> 00:29:13,560
Speaker 1: don't think it's quite like that. Yeah, and Cape Town

536
00:29:13,840 --> 00:29:17,200
Speaker 1: is how would I put this, South Africa's probably most

537
00:29:17,800 --> 00:29:21,800
Speaker 1: instagrammable city. You really want to take those pictures. So

538
00:29:21,880 --> 00:29:25,040
Speaker 1: the marina that you're building also has the cake lacquer

539
00:29:25,080 --> 00:29:25,680
Speaker 1: on the Insta.

540
00:29:27,120 --> 00:29:29,240
Speaker 8: Yeah, absolutely. So I don't know if you've seen that.

541
00:29:30,480 --> 00:29:31,760
Speaker 2: That CGI that we've.

542
00:29:31,640 --> 00:29:34,400
Speaker 8: Put out spot of our press release with this is

543
00:29:34,520 --> 00:29:38,280
Speaker 8: just seven or eight super yachts word in our in

544
00:29:38,320 --> 00:29:42,440
Speaker 8: our marina against the backdrop of this magnificent new Marriage

545
00:29:42,560 --> 00:29:45,160
Speaker 8: edition hotel that we're building, which is going to be

546
00:29:45,440 --> 00:29:48,840
Speaker 8: iconic in itself as a building with the most amazing

547
00:29:49,000 --> 00:29:53,360
Speaker 8: instagrammable viewing deck out looking out over Robin Island and

548
00:29:53,440 --> 00:29:54,440
Speaker 8: over the and up.

549
00:29:54,360 --> 00:29:55,480
Speaker 2: To the mountain, et cetera.

550
00:29:55,640 --> 00:30:01,800
Speaker 8: So it is the perfect location for the luxury instagram

551
00:30:01,840 --> 00:30:06,960
Speaker 8: will experiences and moments in the VNA waterfront. So we're

552
00:30:07,000 --> 00:30:11,000
Speaker 8: incredibly excited about what Lava hit in that luxury world.

553
00:30:11,240 --> 00:30:13,640
Speaker 1: So I mean talking of that the shops at the

554
00:30:13,720 --> 00:30:17,520
Speaker 1: VNA Waterfront. So if you're if you're someone who owns

555
00:30:17,520 --> 00:30:20,160
Speaker 1: one of these things, I don't know, maybe you made

556
00:30:20,200 --> 00:30:24,040
Speaker 1: your money in Moscow, who knows, and you are now

557
00:30:24,280 --> 00:30:26,360
Speaker 1: you've now birthed, you're going to see the same kind

558
00:30:26,360 --> 00:30:28,240
Speaker 1: of shops if you're looking for any place in South

559
00:30:28,280 --> 00:30:31,200
Speaker 1: Africa that's going to have the shopping experience you're used

560
00:30:31,240 --> 00:30:34,640
Speaker 1: to in certain parts of Paris or Zero or wherever

561
00:30:35,240 --> 00:30:37,800
Speaker 1: you're kind of thinking Santin City shore, but really the

562
00:30:37,880 --> 00:30:39,080
Speaker 1: VNA waterfront as well.

563
00:30:39,880 --> 00:30:40,120
Speaker 2: Yeah.

564
00:30:40,160 --> 00:30:44,360
Speaker 8: Well that also talks to the recent work that we've

565
00:30:44,440 --> 00:30:48,440
Speaker 8: done in expanding our luxury mall at the VNA Waterfront.

566
00:30:48,520 --> 00:30:51,960
Speaker 8: So we finished the physical work at the end of

567
00:30:52,040 --> 00:30:56,840
Speaker 8: last year and now the luxury stores are doing their foothouts.

568
00:30:57,080 --> 00:31:01,360
Speaker 8: So a store like Louis Vatana is moving into a

569
00:31:01,480 --> 00:31:05,160
Speaker 8: much bigger store in our lux moll, same with the Sachi,

570
00:31:05,240 --> 00:31:09,560
Speaker 8: Gucci and Burbery's just opened, et cetera. So again, and

571
00:31:09,640 --> 00:31:12,240
Speaker 8: the proximity of our lux more to our super yacht

572
00:31:12,240 --> 00:31:17,120
Speaker 8: base and it's literally a two hundred meter walk, and

573
00:31:17,200 --> 00:31:19,720
Speaker 8: you know, we'll create all sorts of great opportunities for

574
00:31:20,520 --> 00:31:25,320
Speaker 8: you know, Concier's services to transfer people, their captains and

575
00:31:25,360 --> 00:31:27,240
Speaker 8: the and the owners and their guests to.

576
00:31:27,320 --> 00:31:28,680
Speaker 2: The luxury mall, et cetera.

577
00:31:28,840 --> 00:31:32,400
Speaker 8: So it all talks to that section of the market

578
00:31:32,520 --> 00:31:35,160
Speaker 8: that is continued to grow globally.

579
00:31:35,200 --> 00:31:36,440
Speaker 2: At this moment in time.

580
00:31:36,720 --> 00:31:38,480
Speaker 1: There are other things that hang off us. So there's

581
00:31:38,480 --> 00:31:42,560
Speaker 1: a catamaran industry in Cape Target you're involved with as well,

582
00:31:42,760 --> 00:31:44,760
Speaker 1: and I presume there'll be facilities there for that.

583
00:31:45,960 --> 00:31:50,760
Speaker 8: Yeah, so we currently when we don't have super yachts

584
00:31:50,800 --> 00:31:55,959
Speaker 8: with us, it does provide another opportunity for the commissioning

585
00:31:56,000 --> 00:32:00,360
Speaker 8: and launching of the catamarans. As you said, we've got

586
00:32:00,720 --> 00:32:06,520
Speaker 8: a couple of katamaran got boat builders and manufacturers in

587
00:32:06,600 --> 00:32:10,360
Speaker 8: Cape Town that use the VNA for launching and handing

588
00:32:10,360 --> 00:32:14,280
Speaker 8: over their catamarans to owners. So it just provides additional

589
00:32:14,320 --> 00:32:18,240
Speaker 8: facilities for that industry as well. So it is a

590
00:32:18,360 --> 00:32:22,560
Speaker 8: very important part of the makeup of the VNA Waterfront.

591
00:32:22,880 --> 00:32:24,720
Speaker 8: And as you say, you know, it's quite interesting that

592
00:32:24,800 --> 00:32:29,520
Speaker 8: South Africa is one of the pre eminent katamaran boat

593
00:32:29,560 --> 00:32:32,240
Speaker 8: building countries in the world.

594
00:32:34,160 --> 00:32:37,000
Speaker 1: Whenever I go to the VNA waterfront and I'm based

595
00:32:37,040 --> 00:32:40,600
Speaker 1: in Joburg, which makes owning a super art difficult, I

596
00:32:41,520 --> 00:32:46,640
Speaker 1: find myself sort of wanting and being dragged sometimes just

597
00:32:46,680 --> 00:32:49,240
Speaker 1: to go and look at what's being birthed. And I

598
00:32:49,240 --> 00:32:52,400
Speaker 1: can just imagine that you might actually get a lot

599
00:32:52,440 --> 00:32:54,400
Speaker 1: more foot traffic when one of these things are in

600
00:32:54,480 --> 00:32:57,360
Speaker 1: town because people are going to want to come and

601
00:32:57,400 --> 00:33:00,200
Speaker 1: see them because to most of us, there's some thing

602
00:33:00,200 --> 00:33:02,040
Speaker 1: out of a James Bond movie and that's as close

603
00:33:02,080 --> 00:33:05,720
Speaker 1: as we get. Suddenly there can be one literally right

604
00:33:05,760 --> 00:33:08,120
Speaker 1: in front of you while you're maybe having lunch at

605
00:33:08,120 --> 00:33:08,400
Speaker 1: the spur.

606
00:33:09,400 --> 00:33:09,600
Speaker 2: Yeah.

607
00:33:09,680 --> 00:33:11,600
Speaker 8: But you know it's so interesting you say that, because

608
00:33:11,640 --> 00:33:13,600
Speaker 8: you're absolutely right. It doesn't even have to.

609
00:33:13,480 --> 00:33:16,080
Speaker 2: Be a super yacht that's burst in front of you.

610
00:33:16,440 --> 00:33:17,080
Speaker 2: It can be a.

611
00:33:17,040 --> 00:33:20,760
Speaker 8: Simple, you know, forty foot katamaran that's.

612
00:33:20,600 --> 00:33:23,880
Speaker 2: On a Key five. It is something about.

613
00:33:23,720 --> 00:33:28,880
Speaker 8: These boats and the water that creates an intrigue. And

614
00:33:28,920 --> 00:33:31,360
Speaker 8: you know, the charter boats at the Vener waterfront are

615
00:33:31,480 --> 00:33:33,920
Speaker 8: very popular. I mean this morning I was walking around

616
00:33:33,960 --> 00:33:37,200
Speaker 8: and next thing there's a catamaran going out with forty

617
00:33:37,240 --> 00:33:40,520
Speaker 8: fifty people going on a cruise around the harbor or

618
00:33:40,560 --> 00:33:43,640
Speaker 8: out into Granger Bay area, et cetera.

619
00:33:43,720 --> 00:33:46,560
Speaker 2: You know, we had we had the clipper boats with

620
00:33:46,640 --> 00:33:48,280
Speaker 2: us late last year.

621
00:33:48,560 --> 00:33:50,640
Speaker 8: I mean, these are the sailing boats that are that

622
00:33:50,680 --> 00:33:53,080
Speaker 8: are going around the world and they were all word

623
00:33:53,160 --> 00:33:56,520
Speaker 8: against one of our I think it was Key five,

624
00:33:56,640 --> 00:33:59,800
Speaker 8: And it's amazing the passer by traffic, how intrigued there

625
00:33:59,800 --> 00:34:03,719
Speaker 8: are with the water and boats on the water, and

626
00:34:03,760 --> 00:34:06,520
Speaker 8: that's what makes I guess the VNA is so unique

627
00:34:06,680 --> 00:34:10,920
Speaker 8: in a precinct like this because it's so engaging with

628
00:34:11,000 --> 00:34:11,400
Speaker 8: the water.

629
00:34:11,960 --> 00:34:15,640
Speaker 1: Yeah, so interesting at Graham timelines. Obviously it's a big project.

630
00:34:16,719 --> 00:34:17,760
Speaker 2: Yeah, this is a big project.

631
00:34:17,840 --> 00:34:22,160
Speaker 8: So our additional hotel opens in end of August, beginning

632
00:34:22,160 --> 00:34:25,680
Speaker 8: of first week of September, and then the marina will

633
00:34:25,840 --> 00:34:28,160
Speaker 8: the super yacht basin will open at the end of October.

634
00:34:28,440 --> 00:34:32,319
Speaker 8: So the timing is quite it wears quite hand in hand.

635
00:34:32,360 --> 00:34:34,759
Speaker 8: We don't want any hard works being done whilst the

636
00:34:35,000 --> 00:34:37,920
Speaker 8: new hotel is being opened, so we're making sure the

637
00:34:37,920 --> 00:34:40,719
Speaker 8: timetable order lines, but by the end of the end

638
00:34:40,760 --> 00:34:42,840
Speaker 8: of October into November will be operational.

639
00:34:43,120 --> 00:34:45,400
Speaker 1: Graham, thanks so much. Really enjoyed that CEO of the

640
00:34:45,480 --> 00:34:47,800
Speaker 1: v and a Waterfront.

641
00:34:47,800 --> 00:34:52,359
Speaker 4: The Money Show with Steven on seven two seven two.

642
00:34:52,600 --> 00:34:54,960
Speaker 1: On the Next Money Show, we unpacked the latest annual

643
00:34:55,000 --> 00:34:58,160
Speaker 1: results from Advertech and Tungkila and what they tell us

644
00:34:58,160 --> 00:35:02,280
Speaker 1: about the broader education, energy and mining industries. Then business

645
00:35:02,320 --> 00:35:05,160
Speaker 1: book review we joined by Jako Maritz to explore his

646
00:35:05,280 --> 00:35:08,279
Speaker 1: new release How We Made It in Africa Too, a

647
00:35:08,320 --> 00:35:12,480
Speaker 1: collection of powerful entrepreneurial stories from across our continent and

648
00:35:12,600 --> 00:35:16,200
Speaker 1: as always, expert analysis of the day's biggest business stories.

649
00:35:17,640 --> 00:35:22,360
Speaker 2: Two with Stephens. Email him on Stephen at seven O

650
00:35:22,560 --> 00:35:24,839
Speaker 2: two dot co dot z. Well.

651
00:35:24,880 --> 00:35:28,840
Speaker 1: Interesting news out of India, one of the first countries

652
00:35:28,920 --> 00:35:32,400
Speaker 1: where the some of the patents on weight loss drugs

653
00:35:32,480 --> 00:35:36,000
Speaker 1: like a zempic and Manjaro are wearing off and the

654
00:35:36,239 --> 00:35:39,120
Speaker 1: generics have been granted a permission to be sold, so

655
00:35:39,120 --> 00:35:40,960
Speaker 1: they've gone through all the safety tests and all that,

656
00:35:41,520 --> 00:35:44,400
Speaker 1: and they suggest that in India once sort of this happened,

657
00:35:44,440 --> 00:35:48,279
Speaker 1: so a couple of months, a Generica zempech will cost

658
00:35:48,320 --> 00:35:50,759
Speaker 1: two hundred and thirty rand a month. The reason I

659
00:35:50,840 --> 00:35:53,359
Speaker 1: bring this up is that it seems to me we're

660
00:35:53,400 --> 00:35:55,960
Speaker 1: about to see a real change in our society because

661
00:35:56,000 --> 00:36:00,480
Speaker 1: suddenly weight loss drugs are going to go mainstream. I mean,

662
00:36:00,480 --> 00:36:02,400
Speaker 1: there was a time when to get a statin to

663
00:36:02,440 --> 00:36:05,840
Speaker 1: keep your cholesterol down would have been very expensive and difficult.

664
00:36:06,239 --> 00:36:08,400
Speaker 1: Now well we can get it from about two to

665
00:36:08,440 --> 00:36:11,280
Speaker 1: three hundred rand a month, which has extended the lifespan

666
00:36:11,360 --> 00:36:13,960
Speaker 1: of so many people because it just cuts down the

667
00:36:14,040 --> 00:36:17,440
Speaker 1: number of heart attacks. We know that weight and being

668
00:36:17,600 --> 00:36:21,360
Speaker 1: overweight is linked to many many things, and we know

669
00:36:21,680 --> 00:36:24,480
Speaker 1: that cutting back on the weight is incredibly hard. I mean,

670
00:36:24,480 --> 00:36:27,480
Speaker 1: there's a reason why our figures are what they are,

671
00:36:27,640 --> 00:36:31,000
Speaker 1: and in so many other countries it's incredibly hard, especially

672
00:36:31,040 --> 00:36:34,239
Speaker 1: as you get older. So I'm fascinated to see how

673
00:36:34,280 --> 00:36:38,080
Speaker 1: this is going to change our society and how is

674
00:36:38,160 --> 00:36:40,400
Speaker 1: going to play out here and what the pricing will

675
00:36:40,440 --> 00:36:43,000
Speaker 1: be here and coming soon to a society near you.

676
00:36:43,280 --> 00:36:47,080
Speaker 1: Very cheap weight loss Struck six minutes now to seven o'clock.

677
00:36:48,640 --> 00:36:53,520
Speaker 5: Taking your calls on one, three, seven two.

678
00:36:53,440 --> 00:36:56,840
Speaker 1: Time for the Friday Biz Blitz tonight. You know the numbers,

679
00:36:56,960 --> 00:36:59,120
Speaker 1: We put out a question. If you get it right,

680
00:36:59,280 --> 00:37:00,960
Speaker 1: we go on to the next question. If you get

681
00:37:00,960 --> 00:37:03,400
Speaker 1: it wrong, we move on to the next caller. First

682
00:37:03,480 --> 00:37:08,000
Speaker 1: question on the Money Show Friday Bus Blitz Tonight. According

683
00:37:08,040 --> 00:37:12,319
Speaker 1: to CAF, who won the African Cup of Nations in

684
00:37:12,360 --> 00:37:16,359
Speaker 1: twenty twenty five, surely you know the answer? Oh double

685
00:37:16,400 --> 00:37:18,600
Speaker 1: one double A three oh seven O two two one

686
00:37:18,640 --> 00:37:21,640
Speaker 1: four four six five six seven. According to keV, who

687
00:37:21,680 --> 00:37:24,920
Speaker 1: won the African Cup of Nations in twenty twenty five.

688
00:37:27,160 --> 00:37:29,680
Speaker 3: The Money Show, Stephen Croutez is brought to you by

689
00:37:29,719 --> 00:37:34,360
Speaker 3: APPSO Corporate and Investment backing proud sponsors of GTR Africa

690
00:37:34,400 --> 00:37:37,960
Speaker 3: twenty twenty six, enabling trade flows for growth apps as

691
00:37:37,960 --> 00:37:38,799
Speaker 3: a regiited FSP.

692
00:37:41,280 --> 00:37:44,000
Speaker 2: The Money Show Friday Business.

693
00:37:43,600 --> 00:37:46,600
Speaker 1: Litz four minutes now to seven according to CAF who

694
00:37:46,640 --> 00:37:49,120
Speaker 1: won the African Cup of Nations in twenty twenty five.

695
00:37:49,160 --> 00:37:51,600
Speaker 1: If you know O two one four four six so

696
00:37:51,719 --> 00:37:54,200
Speaker 1: five six seven oh double one double A three O

697
00:37:54,440 --> 00:37:57,320
Speaker 1: seven oh two? Can ye in Cosmos City?

698
00:37:57,440 --> 00:37:57,600
Speaker 8: Hi?

699
00:37:57,719 --> 00:37:58,480
Speaker 1: What's the answer?

700
00:37:59,440 --> 00:38:00,279
Speaker 2: What you see?

701
00:38:00,360 --> 00:38:02,400
Speaker 8: The answer is okay?

702
00:38:02,440 --> 00:38:05,160
Speaker 1: Thank you? And for an extra point? Who really wanted?

703
00:38:05,360 --> 00:38:05,440
Speaker 8: You?

704
00:38:05,480 --> 00:38:10,440
Speaker 1: Don't have to answer that? Okay, I don't have okay,

705
00:38:10,520 --> 00:38:14,000
Speaker 1: can you second question? Here we go? Chuck Norris passed

706
00:38:14,000 --> 00:38:19,360
Speaker 1: away today? Which long running TV series was Chuck Norris in?

707
00:38:19,800 --> 00:38:21,720
Speaker 1: And I'll give you an extra hint. It was shown

708
00:38:21,800 --> 00:38:26,560
Speaker 1: here if I remember on Sunday nights. Come on, can ye?

709
00:38:26,719 --> 00:38:30,080
Speaker 1: You must know Chuck Norris? What was the TV series?

710
00:38:32,200 --> 00:38:32,399
Speaker 5: Well?

711
00:38:35,680 --> 00:38:41,960
Speaker 1: I'm sorry I have to ask Senegal maybe, Ah, Incenturion

712
00:38:42,440 --> 00:38:45,200
Speaker 1: Chuck Norris TV series? Which one was it?

713
00:38:46,040 --> 00:38:46,320
Speaker 2: Ah?

714
00:38:46,400 --> 00:38:48,560
Speaker 4: You also got me out about how I actually forgot it.

715
00:38:48,600 --> 00:38:49,759
Speaker 6: I'm just like the previous collar.

716
00:38:50,080 --> 00:38:51,120
Speaker 2: That's keep my mind.

717
00:38:51,280 --> 00:38:56,719
Speaker 1: Sorry, Oh all right, let's go to Mohammed in Centurion. Mohammed,

718
00:38:57,000 --> 00:38:58,680
Speaker 1: I don't know if you were watching TV on a

719
00:38:58,680 --> 00:39:01,160
Speaker 1: Sunday night. What was Chuck Norrison?

720
00:39:03,880 --> 00:39:07,640
Speaker 7: What I'm guessing I'm working.

721
00:39:07,800 --> 00:39:12,879
Speaker 1: I would give the Walker Texad Mohammed, of course it

722
00:39:12,960 --> 00:39:17,279
Speaker 1: was Walker Texas Ranger. Okay, okay, we always like to

723
00:39:17,280 --> 00:39:20,160
Speaker 1: have a tough question in the Fridays. Let's sten here

724
00:39:20,200 --> 00:39:24,440
Speaker 1: it is. Okay, are you ready? Corg Island k H

725
00:39:24,800 --> 00:39:28,600
Speaker 1: A r G. Cog Island is just off the coast

726
00:39:28,640 --> 00:39:32,520
Speaker 1: of Iran. Donald Trump wants to vomit? What is it

727
00:39:32,640 --> 00:39:40,480
Speaker 1: used for? What happens on corg Island k R k

728
00:39:40,920 --> 00:39:43,960
Speaker 1: A r G yes or g H I can't remember

729
00:39:43,960 --> 00:39:45,560
Speaker 1: if his nature at the end? But what does Donald

730
00:39:45,600 --> 00:39:48,160
Speaker 1: Trump do with car? I mean, what does Iran do

731
00:39:48,480 --> 00:39:49,680
Speaker 1: at carg Island?

732
00:39:52,000 --> 00:39:52,400
Speaker 3: Dumb?

733
00:39:53,120 --> 00:39:57,160
Speaker 6: I'm gonna assume it has something to do with oil.

734
00:39:59,480 --> 00:40:02,879
Speaker 1: Oh, I give it to him.

735
00:40:01,880 --> 00:40:03,160
Speaker 2: Some oil manufacturing.

736
00:40:03,600 --> 00:40:07,320
Speaker 1: Yeah, I'll give you that, Muhammad. Yes, that's where. That's

737
00:40:07,360 --> 00:40:10,200
Speaker 1: where they have a big refinery complex. Okay, here we go.

738
00:40:11,120 --> 00:40:15,680
Speaker 1: How long does your yacht have to be before you

739
00:40:15,719 --> 00:40:18,720
Speaker 1: can tell your friend that you have a super yacht.

740
00:40:19,360 --> 00:40:21,719
Speaker 1: How long does a yacht have to be before you

741
00:40:21,719 --> 00:40:24,400
Speaker 1: can tell your friend, Hey, check out my super yacht.

742
00:40:27,600 --> 00:40:32,160
Speaker 1: I believe it's more than twenty four meters. Wow, Mohammed,

743
00:40:33,760 --> 00:40:37,919
Speaker 1: you are listening very closely. Okay, all right, now, let's

744
00:40:37,920 --> 00:40:40,000
Speaker 1: see if you've been listening to The Money Show this week,

745
00:40:40,560 --> 00:40:43,560
Speaker 1: if you want to go to Tasha's the restaurant. You

746
00:40:43,600 --> 00:40:46,360
Speaker 1: can go to Tasha's in South Africa. There's plenty of them.

747
00:40:46,560 --> 00:40:49,080
Speaker 1: If you go to Britain, there's one Tashas you can

748
00:40:49,120 --> 00:40:53,919
Speaker 1: go to. Wait, if you go to Britain, there's one

749
00:40:54,040 --> 00:40:56,880
Speaker 1: tasha Is that you can go to. But where else

750
00:40:56,920 --> 00:41:03,319
Speaker 1: in the world can you go to Atasha's? Muhammed, I'm

751
00:41:03,320 --> 00:41:06,480
Speaker 1: going to push you. I'm sorry, Mohammed. Let's go to

752
00:41:06,960 --> 00:41:10,640
Speaker 1: Northern in mid Grand Northern high Where else in the

753
00:41:10,680 --> 00:41:12,279
Speaker 1: world can you go to Attaches?

754
00:41:14,360 --> 00:41:16,440
Speaker 6: I would say in the US?

755
00:41:17,560 --> 00:41:20,680
Speaker 1: No, sorry, Norvin. Let's go to shack is a check

756
00:41:20,719 --> 00:41:23,759
Speaker 1: in eden Vale, good evening? If you want high Hi?

757
00:41:23,960 --> 00:41:24,080
Speaker 2: Hi?

758
00:41:24,680 --> 00:41:24,919
Speaker 1: Yeah?

759
00:41:25,160 --> 00:41:27,640
Speaker 4: Is it in Dubai check.

760
00:41:40,760 --> 00:41:41,000
Speaker 2: Shack?

761
00:41:41,080 --> 00:41:43,320
Speaker 1: Congratulations you at the Money Show seven o'clock