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

Up Next: The Aubrey Masango Show
See full line-up
The Money Show with Bruce Whitfield
18:00 - 20:00
Home
arrow_forward
MyMoney Online

Real estate royalty Herschel Jawitz comes clean about his money habits, beliefs

20 July 2020 8:13 PM

Bruce Whitfield talks to Jawitz Properties CEO Herschel Jawitz about his attitude to money (hopes, fears, successes, failures...).

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 Herschel Jawitz, CEO at Jawitz Properties, founded by his father, Eskel, half a century ago.

Herschel Jawitz, CEO at Jawitz Properties (Image credit: www.jawitz.co.za)

Related articles:


“Growing up in a property family meant that my property career began when I was a child,” says Jawitz.

Jawitz has a degree in Finance and an MBA from the University of Cape Town.

He joined the family business in 1998.

When he’s not working, you’ll find Jawitz - “a proud Jozi resident” – at the Kruger National Park or training for Ironman.

  • What is it that Jawitz believes about money?

  • Does it keep him up at night?

  • Does he spend like crazy or save compulsively?

  • How did his childhood experiences shape his views on money?

I remember going to show days with my father on Sundays… He was always out. We were always eating dinner at eight-o-clock, to my mother’s horror…

Herschel Jawitz, CEO - Jawitz Properties

I’ve invested in property – some of your financial advising co-hosts will be horrified – almost all my eggs are in the residential market… I’ve never been a good speculator… On the odd occasion, I tried to make a quick turn… it hasn’t turned out particularly profitable; I guess like the cobbler who has no shoes.

Herschel Jawitz, CEO - Jawitz Properties

I have a soft spot for nice clothes… [if it wasn’t for that] I could probably have two or three more property investments. If I could have my time over, I would do it differently.

Herschel Jawitz, CEO - Jawitz Properties

Listen to the interview in the audio below (and scroll down for more quotes from it).

… the best buyers’ market we’ve experienced since the early 2000s… Activity has been better than we expected… We’re not sure if it’s just pent-up demand, or what we call a dead cat bounce…

Herschel Jawitz, CEO - Jawitz Properties

The days of being tied into long leases are gone…

Herschel Jawitz, CEO - Jawitz Properties

There was a gap in the market for someone who understood people. The rest is history.

Herschel Jawitz, CEO - Jawitz Properties

I was always destined to come into the business… To my dad’s credit, he never insisted it was a family business…

Herschel Jawitz, CEO - Jawitz Properties

I returned from the States around 1998. The property market was probably worse than it is now… It’s worked out pretty well.

Herschel Jawitz, CEO - Jawitz Properties

We have our odd glare and stare at each other. Issues around remuneration… family and money don’t go particularly well together.

Herschel Jawitz, CEO - Jawitz Properties

We’ve bought well. But always with a long-term view… A slow, steady build… There’s little reason to change that strategy.

Herschel Jawitz, CEO - Jawitz Properties

The idea of buying a fix-me-upper… those ones have gone particularly badly…

Herschel Jawitz, CEO - Jawitz Properties

I have on the odd occasion made a habit of turning rands into dollars at exorbitantly weak exchange rates…

Herschel Jawitz, CEO - Jawitz Properties

20 July 2020 8:13 PM

More from MyMoney Online

Funky hipster retired older mature couple 123rf 123rfbusiness retirement

How to secure your retirement - Bruce Cameron (retired editor, Personal Finance)

28 September 2020 7:24 PM

Bruce Cameron discusses with Bruce Whitfield his new book on securing your retirement, despite corruption and the smashed economy.

Share this:
Read More arrow_forward

Skyscrapers CBD Johannesburg 123rf 123rfbusiness

Long-term investment case for property in Africa remains intact

24 September 2020 1:38 PM

There’ll be many opportunities for frontier investors in the coming years, says Absa's Somaya Joshua.

Share this:
Read More arrow_forward

rands

Covid-19 resurgence in Europe smashes South African rand off its pedestal

21 September 2020 6:50 PM

The rand was just recently trading at a six-month high. Arabile Gumede interviews Bianca Botes (Peregrine Treasury Solutions).

Share this:
Read More arrow_forward

Young man youth teenager teen boy credit card 123rf 123rfbusiness 123rflifestyle

I’ve never been interested in money - Cameron (11), son of Bruce Whitfield

15 September 2020 11:29 AM

"It's brilliant! The jokes are actually funny," says Cameron in his review of "Manage Your Money Like a Grownup".

Share this:
Read More arrow_forward

Fear businessman storm ocean 123rf 123rfbusiness

Foreigners – fearful of SA’s spiralling debt – are dumping government bonds

14 September 2020 7:14 PM

The Money Show’s Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.

Share this:
Read More arrow_forward

high school highschool student scholer learner 123rf female girl mask facemask

ADvTECH lost R88 million as students withdrew due to Covid-19

31 August 2020 7:42 PM

The Money Show’s Bruce Whitfield interviews Roy Douglas, CEO at ADvTECH.

Share this:
Read More arrow_forward

Lost City at Sun City 123rf 123rflifestyle 123rfbusiness

Sun Int reports losses of R885m. Debt balloons to R13.3bn (4x its market cap)

31 August 2020 6:43 PM

The Money Show’s Bruce Whitfield interviews Anthony Leeming, CEO at Sun International Group.

Share this:
Read More arrow_forward

Consumer journalist Wendy Knowler CapeTalk studio

I was born to a life of white privilege – Wendy Knowler, consumer journalist

17 August 2020 8:09 PM

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

Share this:
Read More arrow_forward

Sasol petrochemical petrochemicals 123rf 123rfbusiness fuel petrol chemicals

Sasol’s US dollar debt-mountain swells as it reports heavy losses (R91.3bn)

17 August 2020 6:26 PM

It's been a horrendous year for Sasol. The Money Show’s Bruce Whitfield interviews its CEO, Fleetwood Grobler.

Share this:
Read More arrow_forward

absajpg

Absa wins international award for its response to Covid-19

5 August 2020 11:38 AM

The bank is one of only six in the world to be recognised in this way for outstanding performance during the global health crisis.

Share this:
Read More arrow_forward