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
Bruce Whitfield interviews mining giant Neal Froneman about his attitude to money (hopes and fears, successes and failures, etc.).
Bruce Whitfield interviews Jeremy Mansfield about his attitude to money (hopes and fears, successes and failures, etc.).
Bruce Whitfield interviews Justice Albie Sachs about his attitude to money (hopes and fears, successes and failures, etc.).
The Money Show’s Bruce Whitfield interviews Hunt about his attitude to money (hopes and fears, successes and failures, etc.).
Ray White interviews Mazwai about her craft and attitude toward money.
"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"
Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.
Senior client officer at Ipsos, Mari Harris says President Cyril Ramaphosa's trust index is higher than other leaders.
Hassan won an international peace prize for her role in Fees Must Fall campaign. She spoke about the student movement and more.
An expert on human trafficking explains how the syndicate operates and how women are lured into dens.
Following a spate of farm murders in the Cape, the policing expert says there aren't enough stats available on farm killings.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Comparing Madagascar and Mauritius – a tale of two islands, by the Gordon Institute of Business Science's Dr Lyal White.