Make Money Mondays

Edcon's Grant Pattison answers very personal questions about money

My mother was a teacher and my father was an engineer… I had every privilege available…

Grant Pattison, Edcon

The first real money I’ve ever made was out of the Massmart share scheme.

Grant Pattison, Edcon

I am enormously lucky! I realise there are people out there struggling, and I’m not one of them. You’ve got to give back… I’ve helped some young people start businesses… I’ve also sent a bunch to university…

Grant Pattison, Edcon

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 incoming Edcon CEO Grant Pattison.

Before joining Edcon in June, Pattison was the head honcho at Massmart.

Edcon is South Africa’s largest non-food retailer.

It owns well-known brands such as Edgars, CNA, Jet, Boardmans and many others.

What does Pattison believe about money?

Does it keep him up at night?

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I was at private boarding school in Zimbabwe… there wasn’t a lot to spend pocket-money on…

Grant Pattison, Edcon

At university I worked every holiday…

Grant Pattison, Edcon

I’m a professional manager…

Grant Pattison, Edcon

I can’t think of a really good investment decision [I’ve made].

Grant Pattison, Edcon

I unfortunately made some investment right before Nene-gate.

Grant Pattison, Edcon

I got into buying houses in Dainfern and renting them to corporates… That was, probably by mistake, my best investment.

Grant Pattison, Edcon

I’ve kept my personal assistant for 20 years!

Grant Pattison, Edcon

I’m really enjoying myself… it’s fun to be useful again… and to know what’s going on.

Grant Pattison, Edcon

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This article first appeared on 702 : Edcon's Grant Pattison answers very personal questions about money


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