Make Money Mondays

Former Nedbank Chair Reuel Khoza opens up about money, farming and music

My father was an evangelist… In the 50s, 60s and well into the 70s that church did not pay very well… my mother worked as a cleaner… their joint income was meagre… When I finished primary school, my grandfather had to sell one of his oxen to supplement what my father could put together…

Reuel Khoza

I worked as a packer… as a sweeper… as a tool-boy… but my first real salary was as a junior lecturer in 1974...

Reuel Khoza

Had I not been fired I would probably have progressed to professorship and died a pauper!

Reuel Khoza

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, Personal Edition” feature.

This week Whitfield interviewed former Nedbank Group Chairperson Reuel Khoza.

Khoza is a heralded thought leader and author of books such as Attuned Leadership, Let Africa Lead, The African in my Dream and The Power of Governance (with Mohamed Adam).

He also farms pears, macadamia nuts and avocadoes that he packs and exports.

His farming venture is the second largest avocado exporter to Europe.

He writes lyrics and produces music “as a labour of love”.

  • What does he believe about money?

  • Does he spend like crazy, or save compulsively?

  • How did his childhood experiences of deprivation, or abundance, shape his views on money?

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

It is tragic that the spirit of Ubuntu… appears to be waning… in both the public and private sector…

Reuel Khoza

I try to be frugal without starving myself to death… From childhood I’ve tended to not be wasteful…

Reuel Khoza

I was top of a hopeless class… he [father] expected me to be a medical doctor…

Reuel Khoza

My first wage was… 15 cents [in today’s money]… In 1963 bread was a delicacy… The first 15 cents was spent that way [buying bread].

Reuel Khoza

My best money decision was deciding to move from being a management consultant into private equity.

Reuel Khoza

Click here (then “like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Former Nedbank Chair Reuel Khoza opens up about money, farming and music


Recommended

by NEWSROOM AI
Read More
Property guru Samuel Seeff bares his soul about money

Property guru Samuel Seeff bares his soul about money

The Money Show’s Bruce Whitfield interviews Seeff about his attitude to money (hopes and fears, successes and failures, etc.).

Edcon's Grant Pattison answers very personal questions about money

Edcon's Grant Pattison answers very personal questions about money

The Money Show’s Bruce Whitfield interviews Pattison about his attitude to money (hopes and fears, successes and failures, etc.)

Uber’s Justin Spratt opens up about money

Uber’s Justin Spratt opens up about money

Bruce Whitfield interviews Spratt about his attitude to money (hopes and fears, successes and failures, etc.).

Economist-superstar Dawie Roodt opens up about money

Economist-superstar Dawie Roodt opens up about money

The Money Show’s Bruce Whitfield interviews Roodt about his attitude to money (hopes and fears, successes and failures, etc.).

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

The Money Show's Bruce Whitfield interviews Rain Director Michael Jordaan about his money beliefs and history.

Meet Outa's Wayne Duvenage; fighting etolls, Eskom (and others) on our behalf

Meet Outa's Wayne Duvenage; fighting etolls, Eskom (and others) on our behalf

Ray White interviews Wayne Duvenage, Chairperson at the Organisation Undoing Tax Abuse (OUTA).

Popular articles
How dagga could become a cash cow for South Africa's economy

How dagga could become a cash cow for South Africa's economy

Economist Jee-A van der Linde looks at the impact cannabis export will have on South Africa's dwindling economy.

What happens to our bodies if we cut out sugar

What happens to our bodies if we cut out sugar

Naked Scientist Chris Smith explains.

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

Khabazela shares tweets and Facebook posts that have gone viral.

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

[VIDEO] Muizenberg pedestrian attacked in broad daylight

[VIDEO] Muizenberg pedestrian attacked in broad daylight

A woman was attacked on her way to work earlier this month.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.