The Clement Manyathela Show

The Clement Manyathela Show

Primedia Broadcasting

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.

Episoder

8185-

Family Matters - How Families Can Build and Sustain Generational Wealth

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

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.

29 jun. 2026
8183-

Openline: Bafana loss, Steenhuisen alleges betrayal

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

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

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