8185 - Family Matters - How Families Can Build and Sustain Generational Wealth
The best interviews and discussions from each day's show.
8185 - Family Matters - How Families Can Build and Sustain Generational Wealth
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The best interviews and discussions from each day's show.
Episodens resumé
This episode explores the complexities of building and sustaining generational wealth in Africa, noting that most wealthy Africans are first-generation wealth creators. The discussion covers practical financial strategies, such as the 50/30/20 rule, the power of compound interest, and the use of tax-free savings accounts and estate planning to protect legacies.
The conversation also addresses the socio-economic challenges of 'black tax' and lifestyle creep, highlighting the emotional and financial difficulty of setting boundaries with extended family. The episode concludes with technical insights into diversifying investments and the importance of having structured family conversations about money.
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most of Africa's wealthiest people did not inherit their fortunes. They built them.
00:00:18 · The speaker introduces a new report showing that African high net worth individuals are primarily first-generation wealth creators.
Often our CEO refers to buying the thing that you don't need with money that you don't have to impress people that you don't like.
00:08:44 · The speaker describes 'lifestyle creep' as a primary reason why families lose wealth within a few generations.
number one, you earn more than you spend. You save before you spend. And Clement, the actuarial rule of thumb that we use here is 20% of your income should go towards savings and investment, 50% towards your needs and 30% towards your wants, right?
00:18:00 · The speaker provides a specific budgeting framework to help individuals begin the process of wealth accumulation.
So once you stop when your child is 10 years old, It just constantly accrues interest. And that's the benefit of compounding interest. So by the time they reach 21, they've got about 15 million. And when they reach 65, which is retirement age, it's 300 million.
00:24:49 · The speaker illustrates the massive potential of compound interest when using a tax-free savings vehicle starting from birth.
I think the black tax, it's not just a financial conversation because you also have parents that are requesting more than necessary from their children, not understanding that the children It's going to be the same situation if they don't build anything for themselves.
00:33:53 · A listener discusses the emotional and financial complexities of supporting extended family and the need for boundaries.
This episode explores the complexities of building and sustaining generational wealth in Africa, noting that most wealthy Africans are first-generation wealth creators. The discussion covers practical financial strategies, such as the 50/30/20 rule, the power of compound interest, and the use of tax-free savings accounts and estate planning to protect legacies.
The conversation also addresses the socio-economic challenges of 'black tax' and lifestyle creep, highlighting the emotional and financial difficulty of setting boundaries with extended family. The episode concludes with technical insights into diversifying investments and the importance of having structured family conversations about money.
Udgivet29 jun. 2026
Varighed36:13
Episoder
8185-
Family Matters - How Families Can Build and Sustain Generational Wealth
Lyttet
This episode explores the complexities of building and sustaining generational wealth in Africa, noting that most wealthy Africans are first-generation wealth creators. The discussion covers practical financial strategies, such as the 50/30/20 rule, the power of compound interest, and the use of tax-free savings accounts and estate planning to protect legacies.
The conversation also addresses the socio-economic challenges of 'black tax' and lifestyle creep, highlighting the emotional and financial difficulty of setting boundaries with extended family. The episode concludes with technical insights into diversifying investments and the importance of having structured family conversations about money.
29 jun. 2026
8184-
Series - Joburg Entities- Johannesburg Social Housing Company – JOSHCO
Lyttet
This episode of 702 features an interview with Gertler Chodiceho, the acting CEO of the Johannesburg Social Housing Company (Joshco), regarding the challenges and operations of affordable rental housing in Johannesburg. The discussion covers the entity's mandate to provide rental accommodation for residents earning between R1,800 and R22,000, as well as the difficulties posed by unpaid rentals, illegal subletting, and overcrowding. The conversation explores the distinction between Joshco's rental model and RDP housing, the growing housing backlog driven by urbanization, and the implementation of new tenant audits to address lease violations. The program also includes live caller interactions where residents share personal struggles with the application process and accessibility.
This episode explores the investigation into the shooting of Crime Intelligence Deputy Head Feroz Khan, including listener debates regarding the potential for a staged incident to avoid the Madlanga Commission. The discussion also covers political tensions and allegations of conflict of interest and factionalism within the Democratic Alliance leadership.
Additionally, the episode addresses the recent performance and tactical failures of Bafana Bafana in the FIFA World Cup. The program also touches on concerns regarding the safety of undocumented foreign nationals and the departure of immigrants from certain South African communities due to rising tensions.
29 jun. 2026
8182-
Gauteng preparation for June 30 protests
Lyttet
In this episode of 702, host Clement Maniatella interviews Gauteng Premier Panyaza Lesufi regarding the heightened security measures and law enforcement readiness ahead of planned anti-illegal immigration protests. The discussion covers the identification of 27 potential hotspots in Gauteng, the deployment of massive resources including increased aerial helicopter cover, and the government's efforts to monitor areas with high immigrant populations. Premier Lesufi addresses the challenges of visa abuse, corruption within border structures, and the necessity of maintaining the rule of law while protecting the right to peaceful protest. The conversation also touches upon the slow pace of legislative reform and the importance of preventing the hijacking of legitimate grievances by violent elements.
29 jun. 2026
8181-
Crime Intelligence Feroz Khan shot
Lyttet
Clement Manyatella hosts a discussion regarding the attempted assassination of Crime Intelligence Senior Officer Feroz Khan in Houghton. EWN reporter Alpha Ramushwana provides on-the-scene details regarding the shooting, the involvement of a white Mercedes Benz, and the current status of the investigation involving the SAPS, the Hawks, and the political killings task team. The episode explores the implications of the attack in the context of Khan's upcoming testimony at the Matlanga Commission of Inquiry and the broader security concerns within the country.
29 jun. 2026
8180-
#702Openline– US Ambassador to SA criticises Pretoria’s non-aligned stance
Lyttet
The host and listeners debate the implications of Vuzimusi Kedmatala's plea deal in a major SAPS tender fraud case, weighing the benefits of exposing high-ranking corrupt officials against the reduced sentence. The discussion also addresses the U.S. Ambassador's criticisms of South Africa's foreign policy regarding China and Iran, with participants highlighting perceived diplomatic hypocrisy.
26 jun. 2026
8179-
Sex focus: How to have a shared orgasm with your partner
Lyttet
Clement and sex educator Lisa Welsh discuss the 'orgasm gap,' exploring how cultural scripts from pornography and inadequate sex education contribute to women's lack of climax during partnered sex. The conversation delves into the importance of anatomical knowledge, the role of communication, and the challenges of expressing sexual needs.
The episode also addresses physiological differences in sexual response, such as the timing gap between men and women, and the distinction between orgasm and ejaculation. Lisa Welsh provides insights into managing sexual health queries, emphasizing body awareness and removing the pressure of performance to prioritize mutual pleasure.
26 jun. 2026
8178-
Across the desk – Vocalists
Lyttet
Host Clement Manyatella interviews gospel vocalists Mwobi Ngumalo, Wandile Ngkambule, and Nsamayeng Mutluwung about their musical journeys and professional responsibilities. The discussion covers their origins in music, the complexities of vocal production and choir direction, and the challenges of managing musicality and discipline within a group.
The conversation also explores the challenges of leading choirs, the impact of AI on the music industry, and the dedication to the gospel genre. The speakers conclude by discussing the transition from choir to solo artistry, emphasizing the importance of professional maintenance, managing perfectionism, and overcoming personal challenges like stage nerves and lack of confidence.
26 jun. 2026
8177-
The Dialogue: What matters more to voters? Is it ideology or service delivery?
Lyttet
This episode features a deep dive into the tension between political ideology and service delivery in South Africa. Guests Clement Manzoke, Moelet Simatele, and Professor Adam Habib debate whether the South African electorate is shifting toward pragmatism, prioritizing basic needs like water and electricity over liberation politics.
The discussion also explores the economic implications of political decision-making, specifically how the 'ideology of enrichment' within the public service drains national resources. Through listener call-ins and expert analysis, the conversation addresses the impact of local governance, the necessity of economic growth, and the growing preference for practical, functional governance over ideological identity.
25 jun. 2026
8176-
#702Openline- Bafana Bafana’s historic World Cup win
Lyttet
The episode celebrates Bafana Bafana's historic 1-0 victory against South Korea, featuring reflections from Coach Hugo Broos and Captain Ronwen Williams on the team's resilience. Listeners call in to discuss the match and the unifying power of sport.
The discussion also covers significant legal developments regarding Kat Matlała's guilty plea in a corruption case. The segment explores the potential implications of his plea agreement for exposing widespread corruption within various state institutions and the broader impact on South African governance.
25 jun. 2026
8175-
Hanging Out with award-winning actress, Zikhona Sodlaka
Lyttet
Host Clement interviews acclaimed South African actress Zikona Sotlaka, reflecting on her twenty-one-year career, from her early beginnings and breakout role in 'Chaka' to her experience playing a witch in 'Igazi'.
The conversation also explores Zikona's professional journey, including her use of business studies in running a production house and the importance of breathwork in performance. The episode concludes with reflections on motherhood and its profound impact on her craft.
Host Clement Manyatella examines the ANC's selection of mayoral candidates for Johannesburg, weighing their ability to compete against popular figures and the impact of party track records on voter sentiment. The episode also explores the debate surrounding Bafana Bafana players being spotted shopping in Atlanta luxury malls and the public's reaction to their downtime.
Additionally, the discussion covers the effectiveness of political town halls and critiques the South African electoral system. Listeners weigh in on whether service delivery failures now outweigh political popularity and suggest that the current focus on parties rather than individuals may no longer serve the country's needs.
24 jun. 2026
8173-
Probe launched into JRA Fuel crisis– Kenny Kunene
Lyttet
The Johannesburg MMC for Transport, Kenny Kunene, discusses the recent suspension of fuel supply to the Johannesburg Roads Agency (JRA) fleet, which has effectively grounded maintenance teams responsible for potholes, traffic lights, and stormwater drains. While the MMC points to potential administrative failures and a lack of communication regarding invoices, he also highlights broader financial pressures and revenue gaps caused by illegal electricity and water connections in hijacked buildings. The episode features debate from political figures and residents regarding accountability, with critics suggesting the crisis stems from mismanagement, political interference in tenders, and a failure of leadership within the city's transport department.
24 jun. 2026
8172-
Standard Bank partners with the 702 Jozi My Jozi Walk the Talk.
Lyttet
In this episode of The Clemens Mania Taylor Show, Standard Bank Group's Executive Head of Real Estate, Kostinati Manzana, discusses the bank's active role in the rejuvenation of Johannesburg's inner city. The conversation explores various corporate-led initiatives aimed at improving safety, security, and cleanliness within the CBD, including the 'I Heart Joburg' bin initiative and the 'Field of Dreams' project which provides sporting facilities for the youth. Through the 'Joburg My Joburg' collective, the bank collaborates with other corporate partners and educational institutions like the Maharishi Institute to address urban challenges such as crime, infrastructure, and load shedding. The discussion highlights the potential for economic growth and the importance of private-sector involvement in creating a vibrant, secure, and sustainable urban environment.
24 jun. 2026
8171-
Listener’s choice - Are visas more expensive for South Africans travelling abroad?
Lyttet
Clement Manyatella and immigration expert Mpoh Mundewa discuss the rising costs and complexities of visa applications for South Africans traveling abroad. The conversation covers the distinction between official government fees and private service provider charges, as well as the increasing stringency of requirements for European travel.
The segment also addresses misconceptions regarding additional visa fees, clarifying that services like premium lounges and SMS notifications are optional and do not affect adjudication speed. The discussion covers the reasons behind stricter visa processes, such as the need to prevent fraudulent documentation and overstaying, and mentions the high cost of new visa deposit requirements for certain African countries.
24 jun. 2026
8170-
The Sharing Space – My ex wants payback for the gifts she gave me
Lyttet
In this episode of the Sharing Space on the Clement Manyai Teller Show 702, host Clement presents a dilemma from an anonymous entrepreneur who recently ended a five-year relationship. After receiving significant financial support totaling approximately 120,000 Rand for business expenses, including equipment like a printer and phone, the man's ex-partner is now demanding full repayment and the return of the items. The episode features a series of listener calls and WhatsApp messages debating the ethics of repayment, the nature of financial gifts versus loans in romantic relationships, and whether the sudden demand for repayment is a sign of bitterness or a legitimate claim for debt.
24 jun. 2026
8169-
Jozi My Jozi sets it sights on addressing homelessness in the city
Lyttet
Broadcasting live from an MSF shelter in the heart of Johannesburg, Clement Magnatella interviews Innocent Mabusella, CEO of Josie My Josie. The discussion focuses on the organization's mission to restore the inner city by creating a safe environment that attracts business and fosters education. Mabusella highlights the importance of moving from compassionate giving to responsible giving through platforms like Zlatan and MyChange to ensure sustainable support for the homeless population.
23 jun. 2026
8168-
Health and Wellness — How Homelessness Affects Mental and Physical Health
Lyttet
This episode explores the profound impact of homelessness on hygiene, physical health, and psychological well-being. Featuring psychosocial practitioner Kefilo Mujapilu, the conversation examines how the lack of basic facilities compromises human dignity and discusses the root causes of homelessness, such as family breakdown and trauma.
The discussion also addresses the importance of nurturing one's emotional capacity to care for others without suppressing personal pain. Through a caller's experience with family drug addiction, the episode validates the legitimacy of personal suffering and touches upon the availability of rehabilitation programs.
23 jun. 2026
8167-
MES Choir shows off its spirit
Lyttet
This episode features the MES choir, a musical group formed by beneficiaries of the MES center in the inner city. The program explores the intersection of music, community, and rehabilitation, highlighting how individuals facing homelessness and life obstacles use the choir to connect and find purpose. Through interviews with choir members, an intern, and a caller from Johannesburg South, the episode discusses the importance of social services, skill-building, and the concept of service to others in the journey of recovery and reintegration into society.
23 jun. 2026
8166-
Jozi My Jozi uses art to tell stories of homelessness
Lyttet
An interview with artist Kevin Diale regarding a new mural created in collaboration with MES, an organization that has supported the homeless and at-risk communities in Johannesburg since 1986. The mural serves as a visual narrative of the MES program's stages, including outreach, change readiness, work readiness, and reintegration. Diale discusses the artistic process of depicting transformation and shares his personal journey of connection to the community through the organization's programs.
23 jun. 2026
8165-
Openline: Do you give to the homeless? IDAC vs SAPS matter escalates
Lyttet
This episode explores the 'Walk the Talk' initiative and the complexities of addressing homelessness in Johannesburg, specifically focusing on the transition from compassionate to responsible giving through vouchers to avoid fueling substance abuse. The discussion also delves into the legal and accountability debates surrounding law enforcement, including the tensions between IDAC and SAPS and the recent complaint lodged by General Kumalo.
Through interviews and listener call-ins, the episode examines the impact of social exclusion on the homeless community and emphasizes the importance of maintaining human dignity. The program also addresses serious concerns regarding safety and professionalism within law enforcement agencies following recent high-profile statements.
23 jun. 2026
8164-
ZLto makes giving to the homeless digital
Lyttet
This episode features a conversation centered on the 702 Josie, my Josie walk and the mission of MES, an organization dedicated to providing sustainable support to the homeless in Johannesburg. The discussion includes a social auxiliary worker and two beneficiaries, Zine Kwadiso and Ntabi Singh Vanisha, who share their personal journeys from crisis and homelessness to stability and employment. The program explores the root causes of homelessness, such as unemployment, trauma, and family breakdown, while highlighting the effectiveness of MES's four-phase model, which includes skills development and work readiness through the GROW program. Listeners learn about practical ways to contribute to the community, such as donating tools and equipment rather than just cash, to support long-term independence.
23 jun. 2026
8163-
MES on how it uplifts the homeless
Lyttet
Broadcasting live from Hillbrow, Johannesburg, this episode explores the complexities of addressing homelessness and the unintended consequences of traditional compassionate giving. The discussion focuses on how cash donations can sometimes unintentionally fuel substance dependency and prolong life on the streets rather than facilitating an exit from homelessness.
Featuring Alan van der Meulen, CEO of Zlto, the conversation introduces a blockchain-based platform designed to incentivize social impact through a voucher system. The episode details how the technology allows individuals to earn digital currency by performing community tasks, provides donors with transparency through QR code scanning, and ensures accountability for corporate and individual contributions via live impact dashboards.
23 jun. 2026
8162-
Jozi My Jozi on helping the homeless
Lyttet
In this interview, Leona Pinar, CEO of the Christ-centered nonprofit organization MES (Mould, Empower, Save), discusses the complexities of homelessness in South Africa's inner cities. The conversation explores the multi-layered causes of homelessness, including trauma, substance abuse, and the loss of support structures, and details the organization's four-phase model designed to move individuals from social relief to full reintegration and self-sufficiency.
The episode also highlights practical solutions for compassionate giving, specifically focusing on the MyChange voucher system. This initiative aims to redirect cash donations into a structured currency of help that facilitates access to essential services like feeding programs, hygiene care, and work readiness training, ultimately helping individuals rebuild their lives and reintegrate into the community.
23 jun. 2026
8161-
Yoco unveils over 20 new products, including its first AI agent
Lyttet
The Clement Mania Teller Show features an interview with Yoko co-founders Lungisa Machoba and Carl Wazen regarding the company's latest technological innovations for independent businesses. The discussion explores the current economic pressures facing South African entrepreneurs, noting that many small businesses are struggling with reduced consumer spending and global economic instability. Yoko, which serves over 200,000 merchants, discusses its mission to level the playing field for small businesses through digital payment solutions and new tools.
The conversation highlights recent announcements from the Yoko Next event, including the introduction of Yoko AI and Yoko Savings. These new features aim to provide small business owners with automated data analysis, anomaly detection, and automated goal-based savings. Additionally, the founders discuss Yoko's sponsorship of 702's Gauteng's Greatest campaign and their commitment to supporting the visibility and growth of the SME sector in South Africa.
22 jun. 2026
8160-
Speaker: “I was guided by legal opinion to not oppose Ramaphosa interdict on committee”
Lyttet
Clement Manyatella interviews National Assembly Speaker Thoko Didiza regarding her decision to abide by an interdict filed by President Cyril Ramaphosa. The discussion covers the role of legal opinions in parliamentary oversight, the Speaker's commitment to committee independence, and allegations of political partisanship.
The conversation also addresses the transparency of the impeachment process. The interviewer challenges the Speaker to release both the 'abide' and 'oppose' legal opinions to resolve public confusion, while the Speaker defends her position and questions the source of leaked documents.
22 jun. 2026
8159-
Series - Joburg Entities: Joburg Market
Lyttet
In this episode of 7.02 Let's Walk the Talk, host Clement Manyatella interviews Silo Makubela, CEO of the Johannesburg Fresh Produce Market. The discussion explores the market's role as a vital national infrastructure and the third largest fresh produce market in the world by volume and price. The conversation covers the market's operational structure, including the role of market agents, the importance of cold chain facilities for perishables, and the market's impact on food security across South Africa.
The interview also addresses recent social tensions regarding employment practices and illegal immigration within the market area. Makubela clarifies the entity's commitment to South African labor laws and outlines future technological advancements, such as the development of a digital trading platform and app designed to provide farmers with real-time data to optimize supply and demand.
22 jun. 2026
8158-
Opposition parties react to Speaker decision regarding impeachment committee
Lyttet
The episode examines the Speaker of Parliament's decision not to oppose President Cyril Ramaphosa's interdict against the impeachment committee's work. Host Clement Maniatella and parliamentary reporter Lindsay Dentlinger debate the legal opinions and parliamentary precedents behind this decision, while EFF Treasurer General Umpile Mautu argues that the Speaker is following a party line rather than protecting Parliament's mandate.
Panelists further analyze the political implications of the Speaker's stance regarding the Section 89 report. The discussion explores whether the Speaker is prioritizing ANC interests over her constitutional duties and evaluates the potential legal and leadership risks associated with her decision to abide by certain legal opinions.
22 jun. 2026
8157-
#702Openline: Listeners react to Speaker decision to abide by the President’s court bid
Lyttet
Host Clement Manyatella examines the Speaker of Parliament's decision not to oppose President Cyril Ramaphosa's interdict on the impeachment committee, questioning the disregard for legal advice and the constitutional obligations of parliamentary leadership. The episode also explores the political dynamics of the MK party, specifically regarding the influence of inner circles on Jacob Zuma and Duduzile Zuma's comments on accountability.
Additionally, the program features listener call-ins and research findings regarding the devastating financial and social impacts of online gambling in South Africa. Discussions cover the addictive nature of gambling and the extreme poverty it can cause, alongside broader reflections on the flaws within South Africa's electoral and parliamentary systems.
22 jun. 2026
8156-
Relationship focus – What Netflix’s the polygamist teaches us about relationships
Lyttet
19 jun. 2026
8155-
#702Openline: Bafana draw, IDAC vs NPA
Lyttet
19 jun. 2026
8154-
Across The Desk: World Cup Roundtable
Lyttet
19 jun. 2026
8153-
The Dialogue: Migration, Vigilantism and the Crisis of Governance in South Africa
Lyttet
18 jun. 2026
8152-
#702OpenlineOpenline: Should impeachment committee continue, well wishes for Bafana
Lyttet
18 jun. 2026
8151-
Hanging Out with renowned activist Wayne Duvenage
Lyttet
18 jun. 2026
8150-
The Sharing Space – My family is forcing me to stay in a job I hate
Lyttet
17 jun. 2026
8149-
In Conversation with World Cup Central
Lyttet
17 jun. 2026
8148-
Home Affairs says majority of Malawians in Sherwood undocumented
Lyttet
17 jun. 2026
8147-
#702Openline: Young people cannot access credit, water woes affect communities
Lyttet
17 jun. 2026
8146-
Health and Wellness: Surviving teething – comfort tips and must-have tools for parents
Lyttet
16 jun. 2026
8145-
World Of Work: How to Regulate Your Emotions in the Workplace
Lyttet
16 jun. 2026
8144-
Exploring spirituality with Vusumzi Ngxande: How migration patterns affect spirituality and identity
Lyttet
16 jun. 2026
8143-
#702Openline: 50 years since the 1976 youth uprising and tributes to the now late Abdullah Ibrahim
Lyttet
16 jun. 2026
8142-
Series on Joburg Entities - Joburg City Theatres
Lyttet
15 jun. 2026
8141-
#702Openline– US and Iran say peace deal reached
Lyttet
15 jun. 2026
8140-
Iran war updates: US, Tehran confirm ‘peace deal’
Lyttet
15 jun. 2026
8139-
#702Openline- Bafana Bafana loss against Mexico
Lyttet
12 jun. 2026
8138-
Sex Focus: Sex and intimacy QnA
Lyttet
12 jun. 2026
8137-
Gauteng Industrial Symbiosis Programme Workshop seeks to environmental issues
Lyttet
12 jun. 2026
8136-
Gauteng Industrial Symbiosis Programme Workshop seeks to environmental issues