Meet Lebo Gunguluza – Zero to Millionaire

Lebo Gunguluza is an entrepreneur, turnaround strategist and motivational speaker. He is a Dragon on Dragon’s Den South Africa. Born and raised in Port Elizabeth, he went to study at University of Natal in Durban although, at that time, he had only R60 to his name. Gunguluza aimed to be a millionaire before turning 25. He got there late (he was 27, one of SA’s youngest self-made black millionaires) through a series of entertainment events. He lost his fortune in 1999. He describes it as “the darkest time of my life”, yet he learned invaluable business lessons.

Lebo Gunguluza formed the Gunguluza Enterprises & Media Group as part of a strategy to achieve his goal of becoming a billionaire.

Listen to audio below in which 702/CapeTalk presenter Bruce Whitfield interviews Lebo Gunguluza about his amazing life story:

Source: 702

Business Instinct with Kutlwano Founder of Moja Cafe

Meet Kutlwano founder of  Moja Cafe, Orlando East. Listen to his journey to success and what inspired his entrepreneurial foodie move.

Business Instinct is a weekly look into the minds behind successful business ideas. Check in every Wednesday for a new episode of Business Instinct, where David chats to different business people about their journey to success. Get inspired, get informed, and get entertained as we talk to the best in business. Business Instinct is brought to you by ABSA Business Banking. Do better business. Prosper.

Source: SoundCloud

 

BUSINESS INSTINCT (TSHEPO MOKHOLO)

Meet Tshepo Mokholo, the managing director at Brima Logistics. Listen Tshepo’s story about his journey to success.

The new advertising campaign from Absa Business Banking is designed to inspire current and prospective clients to act on their ‘Business Instinct’.

Absa Business Banking understands that business-people are smart and get things done. They have an intrinsic knack for knowing how to run a business, how to spot an opportunity and how to act under pressure.

Businessmen and women go with their gut. They have a thing called… ‘Business Instinct’.

Source: SoundCloud

 

Tomi Davies – President of the African Business Angel Network

Tomi Davies is an entrepreneur, writer, speaker, mentor, investor and advocate of technology, education, mobile and Africa. He is CEO of TVCLabs a Technology Business Accelerator based in Lagos and also sits on the boards of Sproxil, Strika Entertainment, TechnoVision Communications and PeoplePrime. Tomi is co-founder of the Lagos Angel Network and President of the African Business Angel Network (ABAN).

Source: SoundCloud

 

The Money Show with Bruce Whitfield

A wrap-up of the day’s business news as well as insight into trends and expert advice on all things money-related.

Award winning financial journalist Bruce Whitfield hosts The Money Show each weeknight on 702 and CapeTalk, offering a wrap-up of the day’s business news as well as insight into trends and expert advice on all things money-related..

Bruce interviews blue chip company CEOs as well as entrepreneurs whose businesses are both inspiring and helping shape a better South Africa.

A variety of expert contributors and regular features pepper the show, all designed to help audiences make sense of money, from personal finance to markets and big economic matters.

Follow Bruce on twitter @brucebusiness

Bruce Whitfield is the host of 702 Talk Radio and 567 Cape Talk’s The Money Show.

The producers of The Money Show are Cecile Basson – [email protected] and Thekiso Lefifi – [email protected]

Listen to The Money Show

 

Source: 702

On Your Marks For 2018: Is The Lean Startup Approach Legit?

In the first full African Tech Roundup podcast of 2018, Andile Masuku mulls over Gefira SolutionsFounder and CEO Bert Bruggeman‘s assertion that we can’t just “app our way” to solving all of Africa’s problems. Click here to listen to Andile’s full conversation with Bert.

Then, he ponders which hybrid investment approaches might prove successful in fueling African startups in 2018, and echoes the questions posed by Seyi Fabode’s blog post entitled: “Is It Time To Dump The ‘Lean Startup’ Approach?”

Also, in this episode, Andile gives a quick update on the #NotOurManifesto dumpster fire that Co-Creation Hub Nigeria Co-founder Femi Longe lit late last year and shares some encouraging news regarding the AfricaManifesto.com initiative that was subsequently launched. In case you’re not familiar with this whole fiasco, here’s the low-down.

Source: African Tech Roundup

 

Spending too much? Our brains suck at money stuff. Here’s how to train it…

Every week The Money Show’s Bruce Whitfield asks someone to review a business book.

This week regular he interviewed Dan Ariely, co-author of “Dollars and Sense: How We Misthink Money and How to Spend Smarter”.

Description on Amazon:

  • Why is paying for things painful?
  • Why are we comfortable overpaying for something in the present just because we’ve overpaid for it in the past?
  • Why is it easy to pay $4 for a soda on vacation, when we wouldn’t spend more than $1 on that same soda at our local grocery store?

We think of money as numbers, values and amounts, but when it comes down to it, when we actually use our money, we engage our hearts more than our heads.

Emotions play a powerful role in shaping our financial behaviour, often making us our own worst enemies as we try to save, access value and spend responsibly.

In “Dollars and Sense”, bestselling author and behavioural economist Dan Ariely teams up with financial comedian and writer Jeff Kreisler to challenge many of our most basic assumptions about the precarious relationship between our brains and our money.

In doing so, they undermine many of personal finance’s most sacred beliefs and explain how we can override some of our own instincts to make better financial choices.

Exploring a wide range of everyday topics — from the lure of pain-free spending with credit cards to the pitfalls of household budgeting to the seductive power of holiday sales — Ariely and Kreisler demonstrate how our misplaced confidence in our spending habits frequently leads us astray, costing us more than we realise, whether it’s the real value of the time we spend driving forty-five minutes to save $10 or our inability to properly assess what the things we buy are actually worth.

Together Ariely and Kreisler reveal the emotional forces working against us and how we can counteract them.

Mixing case studies and anecdotes with concrete advice and lessons, they cut through the unconscious fears and desires driving our worst financial instincts and teach us how to improve our money habits.

The result not only reveals the rationale behind our most head-scratching financial choices, but also offers clear guidance for navigating the treacherous financial landscape of the brain.

Fascinating, engaging, funny and essential; “Dollars and Sense” provides the practical tools we need to understand and improve our financial choices, save and spend smarter, and ultimately live better.

For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).

Thinking about money in the right way is very, very difficult.

— Dan Ariely

Digital money has made saving less visible.

— Dan Ariely

Once you do it; you’re likely to do it often.

— Dan Ariely

Source: 702

How to best invest a financial windfall (e.g. an inheritance)

A regular listener of Bruce Whitfield’s The Money Show inherited R550 000 at the start of 2016.

He’s taken the time to cool off; he’s not reacting emotionally.

Whitfield asked Galileo Capital Personal Financial Advisor Warren Ingram to assist the listener on the best ways to handle an inheritance.

Listen to Ingram’s advice in the audio below (and/or scroll down for quotes from it).

You need to be debt free… then you need an emergency fund of three to six months’ expenses… For someone in his position; I’d suggest having 12 months’ expenses…

— Warren Ingram, Galileo Capital
He needs to decide how much to have in local and international markets.

— Warren Ingram, Galileo Capital
Everyone should ‘Rand Cost Average’ instead of putting it all into an investment of your choice in one shot. You spread the investment over a number of months, averaging the cost of what you bought.

— Warren Ingram, Galileo Capital
Getting a good international exposure makes sense…

— Warren Ingram, Galileo Capital
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Source: 702

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