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Simon’s weekly wrap: Beyond the headlines …

This week MoneywebNOW looked at Steve Jobs’s legacy, EOH’s turnaround, the implications of the UK’s energy crisis, prolonging retirement income, and more.
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This past week was the tenth commemoration of the death of Steve Jobs, the co-founder of Apple Inc. I spoke with Irnest Kaplan of Kaplan Equity Analysts about Jobs: the amazing individual as well as the products he created. The iPhone completely changed an industry and is surely one of the top products ever developed.

EOH has been a horror story on the JSE; after trading at R180 in 2015 and 2016 it collapsed in a heap. But it is finally back to an operating profit after losing over R5 billion in the two previous financial years. I spoke with Mia Kruger of Kruger International and she applauded the turnaround, but cautioned that there is still a lot of debt that now needs to be paid down.

The story in the UK is all about the petrol shortage, but there is a bigger story as it heads into winter. I chatted with Mohammed Nalla of Moe-Knows.com about the potential energy crisis that is looming. The implications will have a human side but there are also risks of inflation and lower growth that in the worst case scenario could end up in stagflation.

I had a great chat with Wynand Gouws from Gradidge Mahura Investments this week about your retirement situation if you simple don’t have enough money when it arrives. Delaying retirement by a decade can double your retirement income. The challenge of course is you may be willing to work longer but corporates have mandatory retirement ages so you may need to find another source of income.

Also this week:

Is funding available to help farmers set up alternative energy solutions? The three energy issues farmers face are cost, certainty and climate change. Kyle Durham of FNB Commercial discusses how these can be addressed.

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In the not so long ago past the solution to climate change was prayer. Now the same thing needs electric tractors and a ban on cattle farming.

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