I knew throughout High School what the markets were doing.— Michael Jordaan, Rain
Resigning from FNB was, in a sense, my worst ever financial decision.— Michael Jordaan, Rain
I am passionate about South Africans enjoying more data at lower prices.— Michael Jordaan, Rain
Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays” feature.
This week he interviewed Rain Director Michael Jordaan.
Rain is building a next-generation LTE-Advanced (LTE-A) or 4G+ network for South Africa.
Jordaan is probably most well-known for being a former CEO of First National Bank.
He was also the Chairperson of now defunct social media platform Mxit.
What is it about money that keeps Jordaan up at night?
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
Data is a human right. It costs too much in South Africa.— Michael Jordaan, Rain
It’s tougher running a family enterprise than running a huge bank.— Michael Jordaan, Rain
Wine farming makes no sense.— Michael Jordaan, Rain
I grew up privileged, in a middleclass family. But we weren’t very wealthy. When television came out, we didn’t have one.— Michael Jordaan, Rain
I started working as a teller at a bank in Germany.— Michael Jordaan, Rain
My first bank account was not at FNB.— Michael Jordaan, Rain
My grandmother saved all the brown money. Whenever I visited we’d go to the local bank to deposit it.— Michael Jordaan, Rain
My first investment was Triomf shares; Louis Luyt’s fertiliser company.— Michael Jordaan, Rain
Start doing these things [talk about money and the accumulation thereof] with your kids at an early stage.— Michael Jordaan, Rain
My extravagance is property. I live on a wine farm that makes no financial sense.— Michael Jordaan, Rain
I’m not a big spender.— Michael Jordaan, Rain
There comes a point when money stops being equated with happiness.... Having too much money can make you very unhappy.— Michael Jordaan, Rain
The biggest problem we have is unemployment. Many people come out of a dysfunctional education system. There are corporates who want to employ [but there is a skills shortage].— Michael Jordaan, Rain
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews four reps from businesses that are sacrificing some profit for the good of society.
FULL TRANSCRIPT of Bruce Whitfield's interview of the famed entrepreneurship expert. Phitidis opens up, gets personal about money.
The Money Show's Bruce Whitfield interviews reps from Imperial, Flight Centre, Kagiso Trust and UWP's “Nurture a Girl” campaign.
Bruce Whitfield interviews reps from 4 businesses that are making a difference and doing good, even sacrificing profit to do so.
The Money Show’s Bruce Whitfield interviews Committie about his attitude to money (hopes and fears, successes and failures, etc.).
The ex-FNB CEO reviews “Zero to One”, a book by PayPal co-founder Peter Thiel on building a great business (and a better future).
Head of the Centre for Enteric Diseases at the NICD Dr Thomas says that Listeriosis is problematic because it isn’t notifiable.
This year we're going to hit a million downloads of free textbooks in SA - James van der Westhuizen, country manager for Bookboon.
The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.
Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.
The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.
Western Cape Premier Helen Zille says the government plays a crucial role in the provision of affordable housing in the province.
Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.