The SA EdTech that beat Silicon Valley. Plus: Nedbank’s quiet comeback

Loading player...
In this episode, Nedbank CEO Jason Quinn unpacks flat headline earnings that hide 12% underlying growth, explains the NCBA acquisition in Kenya and what it means for Nedbank’s African ambitions, and reads a South African banking landscape as being disrupted from every direction. Nick Miller of Teach Me 2 and Coachbit tells the story of building a tutoring platform from a UCT engineering dorm to TIME’s global EdTech list, via a Silicon Valley startup that lost to TikTok and taught him everything about digital addiction. Helena Wasserman discusses Glencore’s Iran war windfall, Sasol’s remarkable 75% share price surge and South Africa’s strange new problem of a grid producing too much solar power during the day. And Jean Pierre Verster of Protea Capital Management addresses why Pick'n Pay is still loss-making and tracking behind its own recovery targets, plus the AI memory stock crash that wiped 40% off some of the sector’s biggest names in a single month. This podcast is sponsored by Capitec.To catch every episode, click the follow and subscribe buttons on News24’s Spotify, Apple, and YouTube podcast channels, or catch up on past episodes here. Editions drop on Thursdays at 17:00. 
6 Aug English South Africa Business · News

Other recent episodes

FirstRand’s Vilakazi cleans up after R17bn UK hit

In this episode, FirstRand CEO Mary Vilakazi unpacks results that look worse than they are. Reported earnings fell 5% after an R11.4 billion provision for the UK motor finance scandal, but strip that out and normalised earnings from continuing operations grew 13%, with return on equity at 24%. The UK…
10 Sep 29 min

Jozi’s gold rush isn’t done. Plus: Jockey turns 150

In this episode, DRDGold CEO Niël Pretorius explains how the company extracts 1.93 grams of gold per tonne of mine-dump material, and why, at $4 000 an ounce, that amounts to R4.2 billion in profit, while simultaneously cleaning up Soweto’s dust problem and reversing a century-long environmental legacy. Bruce McMurray…
20 Aug 40 min

Boerie gets a glowup – and where do seized Lambos go? 

In this episode, ENS head of forensics practice Steven Powell goes behind the scenes of asset forfeiture, using the Tembisa Hospital scandal to explain what actually happens after the cameras leave and the Lamborghinis have been seized, and why South Africa’s ability to secure convictions amid a Financial Action Task…
13 Aug 32 min