BizNews Radio (OLD)
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Bank strikes; Moyo hits Old Mutual - again; Petra big diamond find; SA Eurobonds a hit; More Brexit drama
South African banks are urging clients to use digital channels as the industry prepares for what could be its biggest strike since 1920. Old Mutual’s dispute with Peter Moyo was pushed out after the South African insurer’s fired chief executive officer was granted leave to add evidence to a contempt…
A gutsy Zulu woman leads the way on land restitution - Nonhlanhla Gumede
Nonhlanhla Gumede studied financial management and had a career in banking when she decided to give it all up to help her father, Mahlakaniphana with his struggling sugarcane farming business in Kwazulu-Natal. He was a former farm manager who managed to buy his farm when Tongaat Hullet offered black people opportunities…
Prescribed assets "nothing to fear": Retirement fund expert Clive Eggers
In this BizNews Personal Finance podcast, Clive Eggers says the heated debate about the ANC's plans to harness private retirement fund savings to prop up troubled state entities is a case of much ado about nothing. Eggers chats to Jackie Cameron about prescribed assets and how long-term investors can help…
Africa's tallest skyscraper; Another oil strike?; NYT attacks SA; Dutch attack BAT
Africa’s tallest building, a 234m Sandton skyscaper called The Leonardo which cost R3bn, is set to open next month according to a report by Bloomberg. The risk premium on crude oil will be back in focus today after news that Iran could be preparing another strike similar to the one…
5G hits Jhb, Pta - Technology leapfrog delivering 700MB download speeds
The mass media have have paid little attention, but those with their fingers on the tech pulse hailed a breakthrough this week when the data-only mobile network Rain launched 5G into parts of Johannesburg and Pretoria. This is the first 5G offering on the African continent and among the few…
Search Funds: 5x investment generators that transform small businesses
In this interview, Brendan Mullen of Secha Capital introduces us to the concept of Search Funds, the rapidly growing alternative to Private Equity and Venture Capital. Focused on supporting young entrepreneurs keen to get their teeth into an existing small businesses, they leverage funds and energy to deliver vastly superior…
Brait shake-up; Repo rate unchanged; Richemont recovers; Trillian million trail; 700 react to Tito’s plan
In today's business headlines: South African businessman Christo Wiese is part of a shareholder group that is proposing that the investment company Brait raise R3bn in a share sale and dispose of all assets except gym-chain Virgin Active; The Reserve Bank kept its benchmark interest rate unchanged and may only…
Andrew Canter: Prescribed Assets a blunt tool to shield bad Governments
As we hear in this forthright interview with Andrew Canter, the ANC's proposal to re-introduce Prescribed Asset Requirements is only being advanced because the Government is not prepared to apply the correct economic medicine. The chief investment office of FutureGrowth explains that this is a blunt tool which taxes pensioners…
Valence Watson: Many unanswered questions surround brother Gavin's death
In this interview on Rational Radio, Valence Watson shares some unanswered questions raised through the family's investigation into the death of his eldest brother Gavin, founder of the controversial Bosasa. He points to an unexplained half hour between when Gavin left his Krugersdorp apartment and when his vehicle was wrapped…
SA slips to third; Inflation rises; Hands off our savings; Medical scheme suspensions; Richemont, Sasol
In today's business headlines: Consumer inflation has risen by 4.3% in August from the 4% recorded in July, which is the fastest pace of acceleration in a year; The 2.4 trillion rand savings industry has a request for the ruling party: stop threatening to dictate where funds must invest and…
EB-5 Visa changes: Only two months before cost of US entry rockets
Bernie Wolfsdorf, the US's top immigration lawyer, is being run off his feet right now. The Durban-born managing partner of California-based Wolfsdorf Rosenthal, who is currently in SA, says the reason behind his sleep deprivation is the rush by clients to take advantage of the EB-5 visa ahead of radical…
David Shapiro explains the shock R35bn dive in Rupert company's valuation
South Africa's favourite market commentator gave us a glimpse of the insider's world in this week's episode of Rational Radio with Biznews.com's Alec Hogg. Most investors were bemused by today's R35bn slump in the market value of global luxury goods group Richemont, one of the major counters on the Johannesburg…
Africa's most attractive investment: Egypt top of the pops, SA slides into third
Every year RMB releases the Investment Attractiveness Rankings report, which lists the African countries from top to bottom. It's unpacks criteria which is used to determine which nation is the most attractive to invest in. This year saw Egypt hold on to top spot, while a surprise saw Morocco leapfrog…
Oil shock could kill rate cut; Trevor Manuel eats humble pie; Prosus opinion divided; Trump tax disclosure
The assault on Saudi Arabian oil facilities is already taking its toll on South Africa’s rand, and may put paid to any hopes of an interest-rate cut on Thursday, reports Bloomberg. The chairman of South African insurer Old Mutual, Trevor Manuel, on Tuesday apologised for comments he made last week…
Oil price shock: What it means for SA; Sasol soars; Musk - 'pedo guy' insult normal in SA; BMF backs Moyo; Eskom advertises for expensive help
The oil price spike has rocked financial markets, with good news and bad news for South Africa. Sasol jumped 10% on the JSE as investors absorbed the news of drone strikes on Saudi Arabian oil facilities. South African entrepreneur Elon Musk hired a private eye to dig up dirt on…
Saudi oil output halved; SA's new oil laws; CR's envoys into Africa; HK tourism drops 40%
Friction between the US and Iran escalated to a dangerous level after Saturday’s attack on a critical Saudi Arabian oil facility which knocked out half the country’s crude production – around 5.7m barrels a day or 5% of global oil supply. Political turmoil engulfing Hong Kong continued as tens of…
58 murders a day; Record Steinhoff fine; 40% of borrowers default; Mining, Rand and Aspen surge; Sanlam for Rhinos; Spur click-and-collect
In today's business headlines: The number of murders in South Africa has climbed to the highest level in a decade as an overburdened police force struggle to keep violent crime in check; Steinhoff has been fined a record R53m by the financial regulator for failing to properly disclose accounting problems;…
Curious tale of Tygerberg doctors disciplined for rescuing broken chairs
Lawyer Michael Bagraim shares the strange story of the way three doctors at a South African academic hospital were hauled into a disciplinary hearing over their attempt to rescue broken chairs from a pile of dumped waste. The labour law expert was brought into the picture after their appeal had…
Kokkie Kooyman weighs in on Discovery debate - spots 6.9% divi stock
There are a number of South African money managers who could claim to be world class. Particularly in financial services where veteran portfolio manager Kokkie Kooyman's expertise has earned him a global following. Kooyman travels widely and often (always in Economy Class he once told me) to understand opportunities that…
Prosus soars on debut; A friend in Moody’s; Shake the Baobab tree; SA/UK trade deal; Bridge over troubled Brexit
In today's business headlines: Shares in Prosus, the Naspers spin-off which includes the groups 31% stake in Chinese tech giant Tencent, surged on its debut on the Euronext stock exchange in Amsterdam jumping by as much as 32% above its reference price in early trading; South Africa has dodged the…