The Money Show

Friday, 18 September 2026

The episode focused on SPA’s leadership crisis, market pressures, interest-rate risks and practical lessons on investing, alongside a standout seven-day mountain-bike journey across South Africa.

1. 18:13

   SPA’s independent retailers want Phil Roux as chair after Mike Bosman’s resignation, while retailer loyalty fell from 83% in 2022 to about 78%, intensifying pressure for a rapid turnaround.

2. 18:30

   Analysts expect the Reserve Bank to consider a 25-basis-point rate increase next week amid higher oil prices, a stronger dollar and renewed inflation pressure from fuel costs.

3. 18:28

   African Rainbow Capital plans to raise its Alexander Forbes stake from roughly 50% to 78%; the deal could eventually lead to a delisting, although that remains speculation.

4. 18:45

   The Old Mutual Go to Sea mountain-bike event covered 650 kilometres over seven days, with organisers funding water points, schools and community projects along the route.

5. 19:51

   Nearly 100% of global equity fund managers failed to beat their index over the past decade, while South African index trackers can cost about 0.5% compared with roughly 1.5% for active funds.

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