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Simon’s weekly wrap: Property, spectrum and teens on money

MoneywebNOW looked at Zeder’s new strategy, finding quality tenants, spectrum as an economic driver, surprising insights into what teens want from money, and more.
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South Africa is on track for the second-best maize crop on record, yet prices of yellow and white maize have moved above R3 000/ton – levels last seen in the recent drought years. I spoke to Anthony Clark to help us understand why the prices have spiked and more importantly, the impact on companies such as RCL and Astral. He also gives insight into the new strategy for Zeder, proposed by its board.

The lower end of the residential property market is doing very well as interest rates sit at multi-decade lows, thus increasing affordability. But the residential rental market is struggling with an oversupply of stock and a reduced quality of tenants. Grant Smee of Only Realty explains what the problem is, how long he expects it to last and what landlords can do to try to entice a better quality tenant.

Cheap high-speed data is not only the dream of all mobile users, it’s also an important economic driver. But our transition to digital TV that would release spectrum for data is now 15 years late and may never happen. I spoke to Duncan McLoed of TechCentral to understand what the delay is and if the sale of additional spectrum, planned for March, will be a significant boost to National Treasury.

Writer and fintech entrepreneur Sam Beckbessinger has a great new book out: ‘Manage your money like a grownup’. After her first adult book, this one aims to help teens become smarter about money. She interviewed 150 teenagers while writing the book and discovered that they want to know way more than just how to save: they also want to be moral with their money and use it as a force for good, as well as understand inflation and investing. A fun interview and a great book for any teenagers in your life. But be aware, awkward dinner conversations may follow.

Also this week:

Nick Kunze of Sanlam Private Wealth on Nasdaq volatility and whether the SA Inc rally will continue; Afrox CEO Schalk Venter on its interim results to end June; and a look at the used car market as Transaction Capital buys a stake in WeBuyCars.


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