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.
Recommendedby NEWSROOM AI
Bruce Whitfield interviews Clegg (junior) about his attitude to money (hopes and fears, successes and failures, etc.).
The Money Show’s Bruce Whitfield interviews Bala about his attitude to money (hopes and fears, successes and failures, etc.).
Personal financial advisor Samke Ngwenya discusses five steps you should take to get your bank’s approval in no time.
The Money Show’s Bruce Whitfield interviews Pilgrim about his attitude to money (hopes and fears, successes and failures, etc.).
The Money Show’s Bruce Whitfield interviews the famed and fearless journalist about his money history, hopes and beliefs.
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).
‘It took approximately 4 – 5 months because I had to make some stops on the way for repairs.' - Julia Albu, the African Conquest
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
Join Joburgers from all walks of life come together peacefully, united in their diversity for a fun family day out.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?