Streaming issues? Report here
money-show-thumbnailjpg
The Money Show with Bruce Whitfield
18:00 - 20:00
volume_up
volume_mute

Up Next: Tonight with Lester Kiewit
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
Business
arrow_forward
Lifestyle

Reuel Khoza - the PIC's new Chair - opens up about money, farming and music

25 July 2019 6:25 PM
Tags:
Nedbank
Reuel Khoza
Make Money Mondays
money beliefs
The Money Show’s Bruce Whitfield interviews Khoza about his attitude and beliefs about money (plus successes and failures, etc.).

This interview took place on 5 March 2018. It was first published under the title "Former Nedbank Chair Reuel Khoza opens up about money, farming and music".

A screengrab of businessman Reuel Khoza.

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 : Reuel Khoza - the PIC's new Chair - opens up about money, farming and music


25 July 2019 6:25 PM
Tags:
Nedbank
Reuel Khoza
Make Money Mondays
money beliefs

More from Make Money Mondays

basetsana-kumalojpg

'We discuss stocks and options with our children at the dinner table'

17 October 2019 1:51 PM

Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

180323 Cape Town International Jazz Festival 2018 5

'I’m very conscious about how I spend. I don’t buy fancy cars. I buy bargains'

14 October 2019 11:07 AM

Bruce Whitfield interviews Sipho Hotstix Mabuse about his attitude toward money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

rj-benjamin-youtube-screengrabjpg

My dad’s life was cut short. A big part of it was money - RJ Benjamin

8 October 2019 12:02 PM

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

Share this:
Read More arrow_forward

prof-nicola-kleyn-gibs-youtube-screengrabpng

'My mom was passionate about investing. We listened to share prices every day'

7 October 2019 12:00 PM

The Money Show’s Bruce Whitfield interviews Prof Nicola Kleyn (Gibs) about her attitude toward money and beliefs about it.

Share this:
Read More arrow_forward

130520LeannePic.jpg

Money and love inspire me to get up at 3am every morning - Leanne Manas

1 October 2019 1:16 PM

Bruce Whitfield interviews Morning Live anchor Leanne Manas about her attitude to money (hopes and fears, successes and failures).

Share this:
Read More arrow_forward

LIRA-FRIDAY-STAND-IN

'I've been poor. I remember the angst, the depression'

30 September 2019 9:39 AM

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

Share this:
Read More arrow_forward

retirementjpg

'Old Mutual claimed they were the cheapest. They were the most expensive!'

25 September 2019 10:23 AM

Personal Finance's retired founding editor Bruce Cameron on his attitude toward money (hopes and fears, successes and failures...)

Share this:
Read More arrow_forward

dion-chang-youtube-screengrabpng

'I’m a Buddhist. I have respect for the transience of life, and wealth'

23 September 2019 3:43 PM

Bruce Whitfield interviews Flux Trends founder Dion Chang about his attitude to money (hopes and fears, successes and failures.).

Share this:
Read More arrow_forward

leon-louw-free-market-foundationpng

I haven’t saved. I intend to work well into my 100s - Leon Louw (FMF)

18 September 2019 12:36 PM

Bruce Whitfield talks to Leon Louw (Free Market Foundation) about his attitude toward money (hopes, fears, successes, failures...)

Share this:
Read More arrow_forward

pepejpg

'If you grow up with nothing, you want to look rich too soon'

17 September 2019 12:22 PM

Bruce Whitfield interviews Joe Public’s Pepe Marais about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward