In conversation | Navigating uncertainty in Cape Town

Loading player...
In this episode, journalist Ferial Haffajee hosts a discussion with Cumesh Moodliar, Fumani Mthembi, Ravi Naidoo, Reyburn Hendricks, and Wrenelle Stander. They explore the challenges and opportunities facing Cape Town and South Africa as they navigate uncertainty and work toward sustainable economic growth.

The conversation delves into various topics, including the impact of dropping the licensing cap on independent power producers like Pele Energy Group and the positive outcomes it has brought. They also discuss the global energy revolution and how South Africa can leverage this momentum for its benefit.

The CEO initiative is examined, focusing on its impact and sustainability beyond elections. This analysis takes into account the significance of private capital in generating public good, as well as the role of public-private partnerships in driving economic development.

The discussion also touches on the growth of Cape Town's aviation and cruise industries, showcasing the positive impact on the tourism sector. The issue of youth unemployment is addressed, with a focus on finding innovative solutions to integrate young people into the economy.

Overall, this episode provides valuable insights into the challenges and opportunities faced by Cape Town and South Africa, highlighting the importance of collaboration and forward-thinking strategies for sustainable growth.

Skip ahead

00:00 Intro
03:05 The impact of removing the licensing cap on independent power producers, such as Pele Energy Group.
05:58 Example of Pele’s impact on rural communities in the Western Cape
07:53 The energy revolution
09:24 The CEO initiative
10:08 How sustainable are the decisions taken by the CEO initiative post-election?
12:04 What is the impact of the Queen Mary 2 and Queen Victoria cruise ships docking in Cape Town's harbour on the city's tourism industry?
14:11 Youth unemployment and how PPPs are finding innovative solutions to integrate young people into the economy.
19:56 Is the private sector assuming responsibilities that should be handled by the state?
23:01 How is Cape Town driving this great growth strategy?
27:11 How do we filter this growth into the rest of the country?
21 May 2024 English South Africa Business · Investing

Other recent episodes

Macro Monday Ep135: The two sides to the AI investment boom

The AI story has been great for investors so far, but it may be making the Fed feel uncomfortable. AI investment is helping to fuel growth and inflation, potentially forcing the Fed to maintain a tighter policy stance – even though, says Global Chief Investment Officer Chris Holdsworth, the sectors…
12 Oct 5 min

No Ordinary Wednesday | Mini-Budget 2026: More revenue, less borrowing?

Stronger revenue offers an opportunity to reduce borrowing. Will spending pressures limit the gains? Ahead of the 2026 Medium-Term Budget Policy Statement (MTBPS), Investec’s Annabel Bishop and Tertia Jacobs to examine the choices facing National Treasury. Higher precious metals prices offer the prospect of better-than-budgeted tax revenue. But weaker growth,…
11 Oct 26 min

Macro Monday Ep134: Fixed income investors are having a tough time

There’s been an almost universal rise in bond yields around the world over the past few months. According to Global Chief Investment Officer Chris Holdsworth, developed markets have seen the biggest rises, with France one of the hardest hit, as it grapples with a worsening fiscal situation.
5 Oct 9 min

Macro Monday ep 133 | US growth is running hot

The US economy is running hot, with the latest indicators pointing to 5% GDP growth, ahead of market forecasts for third-quarter growth of 2.8%. This comes despite high oil prices and rising inflation and has implications for the US dollar and the prospects of the US being able to grow…
28 Sep 8 min

No Ordinary Wednesday | South Africa’s race to get connected

South Africa’s digital infrastructure is expanding rapidly, from data centres and fibre networks to satellites. But can the country provide the power, capital and regulatory certainty needed to turn digital investment into lasting growth? On No Ordinary Wednesday, Jeremy Maggs speaks to Investec CIB’s Louise Pillay, a telecoms and media…
23 Sep 19 min