LISTEN: The Money Show highlights – Beauty on TApp CEO Mathebe Ngwenya and wheelchair tennis star Kgothatso Montjane
Warren Ingram, financial advisor and Co-Founder of Galileo Capital, discusses the importance of being prepared for unexpected financial emergencies.
Stephen interviews inspiring South African wheelchair tennis star Kgothatso Montjane.
Consumer expert Wendy Knowler explores how technology has revolutionised everyday communication and convenience, and asks whether companies are leaning too heavily on bots and automated responses.
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The Citizen
44 minutes ago
- The Citizen
Benoni's Keani van Drimmelen makes Top 10 in boerewors competition
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TimesLIVE
2 hours ago
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Kippie Moeketsi's global influence: what made the South African saxophonist so great
One of the most influential artists in South Africa's rich history of jazz is Kippie Moeketsi. He was born on July 27 2025 and passed away at only 57. Like Moeketsi, Salim Washington plays the saxophone and composes jazz. As a professor of global jazz studies, he also teaches students about Moeketsi's work and researches South African jazz. As part of our coverage of Moeketsi's centenary we asked him about the music behind the man. Who was Kippie Moeketsi? Kippie Moeketsi was born Jeremiah Morolong Moeketsi on July 27 1925. He was a jazz virtuoso, a modernist and cultural icon from South Africa, active from the 1940s to the 1970s. He was highly regarded among his peers and enjoys the reputation of being a musical genius. He garnered his reputation early on as a member of the famous South African group, the Manhattan Brothers. He came of age among a coterie of outstanding local artists, including Mackay Davashe, and younger lights such as Dollar Brand (now Abdullah Ibrahim) and Miriam Makeba. During the early part of his career he was a close associate of fellow musical visionary, pianist, composer and arranger Pat Matshikiza. With him he recorded Tshona and the more experimental Umgababa. Why is he often compared to Charlie Parker? Perhaps Moeketsi's most enduring contribution is as a member of the Afro-Diasporic modernists. The musical modernists were celebrated in the US as so-called beboppers. The musicians themselves did not come up with the term bebop; they preferred the term modern music for their artistry. That movement was centred on another genius saxophonist, US jazz star Charlie Parker, known as Bird, who died at 35 in 1955. Because Kippie admired Bird, and because he was of the same generation, and because his mythology (including his penchant for drinking too much) resembled Parker's, Bra Kippie was often compared to Bird and was even referred to as South Africa's Charlie Parker. This is more about the mythologies erected around these two giants; the musical record does not warrant the conflation of their legacies. (In the US one could rather make a musical case for saxophonist Sonny Stitt, or in South Africa one could think of saxophonist Barney Rachabane, as disciples of Parker.) However, Moeketsi did inhabit many of the attributes that made Bird so important. First of all, he was a modernist who mastered the art of double timing (playing twice as fast as normal, 16 notes rather than eight) and could seamlessly employ this method wherever he felt musically justified.
Daily Maverick
4 hours ago
- Daily Maverick
SA's crypto regulations ‘deny investors access to best-performing asset of past decade', says Luno GM
Luno's general manager for Africa and Europe has harsh words for SA's financial regulators, saying that keeping pension funds out of exchange-traded funds is denying them billions of rands in liquidity. South Africa's crypto regulation debate has, at its centre, an ominous-sounding 'Board Notice 90'. No, it's not an order for Anakin Skywalker to go lightsabre-happy on younglings; it is an obscure piece of regulation that, in practice, keeps the country's most popular investment structures (pension funds) locked out of the global crypto boom. Finance Minister Enoch Godongwana insists that prohibition is necessary. When asked why in Parliament, he said cryptocurrencies were 'risky investments' and the rules were designed to protect 'unsophisticated investors.' But Marius Reitz, Luno's general manager for Africa and Europe, isn't buying it. 'It is becoming increasingly irresponsible for South African regulators and financial institutions to deny investors access to the best-performing asset of the past decade: bitcoin,' he said. The art of protection Reitz argues the minister's reasoning is inconsistent. Retail investors are already free to open an account with Binance, Luno or VALR and put their savings into bitcoin or ethereum directly. What they can't do is gain exposure through a Collective Investment Scheme (CIS) — the family of unit trusts, hedge funds and exchange-traded funds (ETFs) that anchor South African retirement and savings products. 'The surprising part,' said Reitz, 'is that unsophisticated investors are free to invest directly in crypto but are prevented from doing so via structured and professionally managed portfolios.' Globally, crypto ETFs have moved from niche to mainstream. In the United States, BlackRock's bitcoin ETF became the fastest fund in history to hit $70-billion under management. Local investors, meanwhile, can only watch from the sidelines. History casts a long shadow To understand how we got here, you have to go back more than six decades. South Africa's exchange control regime was created in 1961, in the aftermath of the Sharpeville massacre. Capital fled the country, and the apartheid government introduced sweeping controls to put a stop to this. Those regulations are still largely in place, despite the democratic transition. A 2020 Reserve Bank position paper even admitted that exchange controls 'do not govern the transfer of cryptocurrencies in and out of South Africa'. In practice, that means a regulatory vacuum. The vacuum was finally punctured in October 2022, when the Financial Sector Conduct Authority declared crypto assets to be 'financial products', forcing service providers to obtain licences. Two months later, Godongwana designated crypto-asset platforms as 'accountable institutions' under the Financial Intelligence Centre Act, subjecting them to anti-money laundering rules. Changing the game Then, in a landmark judgment in May 2025, Judge Mandlenkosi Motha ruled in the North Gauteng High Court that cryptocurrencies fell outside the 60-year-old exchange control framework. He called the regulations 'not fit for purpose' to deal with digital assets, adding bluntly: 'A regulatory framework addressing cryptocurrency is long overdue.' That ruling has forced the Reserve Bank into action. Godongwana has confirmed that a new crypto framework will be published later this year, setting out clear parameters for cross-border flows and the responsibilities of crypto platforms. The focus is on preventing illicit financial activity, not enabling local investment. It also followed the first of many bitcoin all-time highs. Hannes Wessels, Binance South Africa's general manager, told Daily Maverick, 'It reflects growing global confidence in digital assets, driven by strong institutional demand and regulatory progress. At Binance, we're proud to support this momentum and remain committed to accelerating crypto adoption worldwide.' What this means for you If the Reserve Bank tweaks the rules, especially by designating locally held crypto as 'onshore', it could open the door for South African ETFs and collective investment scheme (CIS) funds to include bitcoin. That would mean you could get exposure through the same structures that manage your retirement annuity or unit trust. Luno estimates that clearer rules could unlock billions in institutional capital and generate up to R500-million in extra tax revenue. That's not just good for investors, it's money for the fiscus too. Right now, the safest, most regulated investment vehicles in South Africa are shut out of crypto. If Board Notice 90 is amended, the average investor could finally get exposure to the digital asset class, but with the guardrails of professional management. Until then, it's DIY. Execute Board Notice 90 Reitz's real gripe is with Board Notice 90 of 2014. The document prescribes what assets CIS funds can hold. Crypto is explicitly excluded. For Reitz, that means South African pension funds and institutional investors are locked out of the world's fastest-growing asset class. But, to be fair to the lawmakers, bitcoin was only five years old. Between 2015 and 2025, bitcoin's value surged by around 37,000%, moving from about $430.57 to $119,448.49. Reitz argues that South African savers missed the bus, not because they were cautious, but because regulators decided on their behalf. 'A measured allocation to crypto assets could give ordinary investors a stake in the future of digital finance,' he said. Luno wants the Reserve Bank to go further still, by designating digital assets as 'onshore' when held with locally licensed platforms. That would clarify whether bitcoin ETFs count toward the strict foreign asset limits that keep institutional investors cautious. Reitz says such a move could unlock billions in liquidity and generate up to R500-million in extra tax revenue. The road ahead Godongwana has never explicitly opposed changing bitcoin regulations; he is just wary of rushing it. His rhetoric has consistently centred on protecting the integrity of the financial system. 'Trust is fundamental to any financial system's effectiveness and existence,' he told MPs. 'To counteract this, we must adopt a regulatory framework that is as dynamic and proactive as the financial sector itself.' But the clock is ticking. Other jurisdictions are already treating crypto as a legitimate asset class. South Africa's investors, many of whom already hold crypto directly, are left without the safeguards and efficiencies of professional management. For now, Godongwana's caution carries the day. But with each passing year, the cost of sitting on the sidelines grows. DM
