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
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
The Money Show’s Bruce Whitfield interviews Seeff about his attitude to money (hopes and fears, successes and failures, etc.).
The Money Show’s Bruce Whitfield interviews Pattison about his attitude to money (hopes and fears, successes and failures, etc.)
Bruce Whitfield interviews Spratt about his attitude to money (hopes and fears, successes and failures, etc.).
The Money Show’s Bruce Whitfield interviews Roodt about his attitude to money (hopes and fears, successes and failures, etc.).
The Money Show's Bruce Whitfield interviews Rain Director Michael Jordaan about his money beliefs and history.
Ray White interviews Wayne Duvenage, Chairperson at the Organisation Undoing Tax Abuse (OUTA).
Only 18 municipalities (out of 257) got a clean audit. Twelve of them are in the Western Cape, says auditor-general Kimi Makwetu.
Eighteen out of the 257 municipalities achieved a clean audit, 12 of them were in the Western Cape.
Socio-Economic Rights Institute's Kelebogile Khunou says for living-in workers you cannot deduct more than 10% for accommodation.
702 listeners on the Eusebius McKaiser show share their views on the conduct of the political parties during the Sona debate.
The Ndlovu Youth Choir's beautiful performance got 4 yesses from the judges, including Simon Cowell!
Shabalala says he wants to spend more time with his family. Bruce Whitfield interviews portfolio manager Kokkie Kooyman (Denker).
Shafrudeen Amod from Medisyn Clinical Consulting says the scheme could have paid the patient directly.
The bank rewards innovation with substantial bonuses and pays according to output not hours at work, says Lesley-Anne Gatter.