BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Graeme Smith the businessman: Betway SA20 surges in IPL jet stream
One of South Africa’s most successful cricketers, long-time Proteas captain Graeme Smith, has transformed into one of his sport’s leading businessmen. Smith is the League Commissioner of Betway SA20, whose second season kicks off on January 10, after a successful debut at the beginning of 2023. Smith is looking forward…
Unravelling confusion over SA exchange control rule change and non-resident status – Graham Barratt
In 2023, the South African Treasury responded to the outflow of private capital from the country with a regulation change just before the long weekend in May that some commentators labelled as ‘sneaky.’ This raised questions about what this means for South Africans wishing to move money out of the…
Bankrupt ANC tapping Russian cash via Mossgas, Nuclear deals - Mileham
The past week’s announcements on Russian wins for the Mossgas plant refurbishment and a proposed 2 500MW nuclear plant follow the template applied by the ANC in the disastrous Kusile and Medupi contracts, where tender documents were massaged to favour Luthuli House’s preferred partner. In this episode of UNDICTATED, shadow…
Futurist Dr Pieter Geldenhuys on 2024+: Robo air taxis, helium-3 moon mining, peak consumption
At the end of 2022, the world was introduced to ChatGPT, which has been a watershed moment for artificial intelligence as it enables millions of regular users to experiment with AI. In just a year, it has changed so much of how we work and search for information on the…
SAPS commissioners could face jail for contempt of court …
The South African Police Service (SAPS) National Commissioner Sehlahle Fannie Masemola and Eastern Cape Commissioner Nomthetheleli Lillian Mene may have to talk their way out of jail tomorrow (Thursday 14 December). In what could be a landmark case, they have been summonsed to appear in court to explain the failure…
How Ranmore stays among world’s top funds - and delivered 38% in past year
Every day, Ranmore Fund Management’s founder and chief investment officer Sean Peche uses what he learned during many years at the proverbial knee of SA’s greatest money manager, the late Dr Simon Marais. Those lessons include applying a tried and tested process of uncovering value - and working hard to…
Emerging opposition leaders signal positive change, but we’re gonna need a bigger name - Moeletsi Mbeki
Another big name from the business sector has thrown his name in the hat as a presidential candidate for the opposition in South Africa. He is Roger Jardine, the former PRIMEDIA CEO and FirstRand chair. Jardine was also reported to have had discussions with the Democratic Alliance’s John Steenhuisen and…
Charles Savage: Easy may look hectic - but it’s all on plan
A profit reverse for Easy Equities’ parent company Purple Group in the financial year to end August set some tongues wagging. But inside the company the response to the numbers was sanguine - CEO Charles Savage explaining here why it’s all going according to plan, with the bottom line picture…
Hannes Strydom’s Codeine ring: Carte Blanche producer unravels mystery, O’Sullivan’s duping
In a story that ranks among the most extraordinary covered by BizNews, Springbok Rugby World Cup 1995 champion and pharmacy group proprietor Hannes Strydom took a massive gamble when hiring renowned forensic investigator Paul O’Sullivan. Strydom sought to establish his innocence amidst serious allegations broadcast by M-Net’s investigative programme Carte…
25 000 healthcare workers plead with the President to send the NHI Bill back to Parliament…
Close to over 25,000 healthcare workers, allied health specialists, and GPs are appealing to President Cyril Ramaphosa to refer the National Health Insurance (NH) Bill back to Parliament. South African Health Professionals Collaboration (SAHPC) spokesperson Dr Caroline Corbett says they would like it to go back for discussion and active…
How DA Chief Whip who was shot 10 times - after cops ignored threats against him…
Ten (10) bullets were pumped in the Democratic Alliance’s (DA’s) Chief Whip in the uMngeni municipality - after police did not act on evidence of threats against him over the removal of illegall electricity connections. After he was shot, the phone at the police station rang unanswered. And it took…
SA could have no safe drinking water in 5 years…
South Africa could have no safe drinking water in five years - unless the crisis is addressed. That is the prediction from Dr Ferrial Adam, the Executive Manager of WaterCAN, an initiative of OUTA (Organisation Undoing Tax Abuse). She speaks to BizNews about the Department of Water and Sanitation reports…
Aparthotels rattling established hotel giants, gobbling up market share - Rael Phillips
While the global hotel and resort industry was heavily impacted by the Covid-19 pandemic, serviced apartments and aparthotels, many of which managed to stay open when everything else shut down, surged ahead. In this interview with Biznews, Rael Phillips, the CEO of Totalstay, the company that brought the concept of…
ConCourt sets ground rules for 2024 independents…
The Constitutional Court handed down judgments today (Monday) that set important rules for independent candidates in next year’s national election. Michael Louis, the chair of the Independent Candidates Association (ICA), was there. In this interview, he takes BizNews through the judgments and explains their implications. He predicts a scenario where…
Share market’s gangbuster performance in November - Bacher unpacks why
After enduring three challenging months, investment markets experienced a robust rebound in November, marked by double-digit increases in global equities. In this month’s comprehensive recap, Corion’s David Bacher delves into the reasons behind these shifts and the specific impacts. He highlights both the top-performing equities and the money managers who…
UNDICTATED: Business appeasing Pretoria a disaster, NHI shows ANC ignores them anyway
As the “gradually…then suddenly” impact of the ANC’s socialist economic policies become apparent to all, Corporate South Africa’s appeasement approach is coming into sharper focus. In this episode of UNDICTATED, Free Market Foundation CEO David Ansara urges corporate executives to grow a pair, as the evidence proves business’s “ask nicely”…
New ‘Water-shifting’ policy is govt admission of water supply systems failures – Anthony Turnton
First, we had loadshedding, the government’s euphemism for power blackouts in South Africa, which is a bane for our citizens, weighing down the economy and deterring investment. Now, the government has come up with another obscure word, ‘water-shifting’. It is loadshedding for water services that residents of Gauteng have experienced…
Two years on, Altvest expands into SME credit with R100m war chest and third listing
Altvest founder Warren Wheatley and chief investment officer Akshay Karan share the latest developments at the innovative financial disruptor, whose shares are now listed on the CTSE and A2x. They also take the wraps off the new Altvest Credit Opportunities Fund, which has R100m available for funding to SMEs and…
UNDICTATED: Why steelmaker AMSA forced into 35% downsizing. Hint: Eskom, Transnet.
This week’s shock announcement that South Africa’s dominant but loss-making steelmaker Arcelor Mittal is cutting its 10,000 workforce by 35%, is a case of gradually….then suddenly. For the past five years, this one-time major exporter has been pleading for sanity from Pretoria. With ever-growing problems at Eskom and an imploding…
Melanie Veness: Business offers to buy port equipment to end backlog crisis
The private sector has offered the pay for much needed equipment to resolve the massive backlog at South African ports. Melanie Veness, the Chair of the Association of South African Chambers, tells BizNews that this is one of the proposed interventions to end the crisis that “is destroying our economy”…