BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Investors reassured but medium term risks loom for SA economy – Thea Fourie, S&P Global Market Intelligence
Finance Minister Enoch Godogwana has described South Africa’s public finances as significantly weaker in his mid-term budget emphasising that measures to stabilise public finances and reform the economy to generate higher growth are essential. Markets reactions were generally favourable with the rand strengthening. Thea Fourie from S&P Global Market Intelligence…
SA Economy Falls Short of Government Forecasts - Dawie Roodt
Finance Minister Enoch Godongwana presented his medium-term budget in Parliament, revealing that disappointing tax revenues and rising costs to service the debt have taken a toll on government finances. Godongwana’s predictions include a slower-than-anticipated economic growth of 0.8% compared to his February budget projections, accompanied by a substantial increase of…
SA heading for fiscal cliff: Flags are going up, don’t wait for a crisis, urges Kevin Lings
South Africa's Finance Minister, Enoch Godwongdwana, is set to present the medium-term budget policy statement, bringing updates on economic forecasts, budget adjustments, and necessary spending changes. However, Stanlib's Chief Economist, Kevin Lings, warns that the upcoming mid-term budget won't bring good news. Lings, in an interview with Biznews, highlights a…
READ THE FINE PRINT: Magnus Heystek on one of SA’s biggest ever Ponzi schemes
Magnus Heystek of Brenthurst Wealth Management knew within minutes that the investment scheme that has lost investors billions was “rubbish” - and he was able to advise a client to pull R3 million to safety. That is revealed by Heystek in this interview with BizNews on one of South Africa’s…
Renergen CEO Marani to 45 000 shareholders - Forget the noise, $1bn project the real story
The Renergen share price has been hit by a variety of factors lately, most recently by social media attacks and the poor trading statement last week. But the real story remains intact - a $1bn Helium plant in the Free State that has the funding and requisite licences. In this…
How a Zim-Style Election will be prevented in SA
There are measures in place to ensure that South Africa’s national election next year is not marred by the controversies that resulted in the recent election in Zimbabwe being declared not free and that fair. That assurance comes from Mawethu Mosery, the Deputy Chief Electoral Officer of the Independent Electoral…
BHI Ponzi: Victim who lost R6m helps explains how he was duped - as were thousands more
Critical facts are emerging on the R3bn Ponzi scheme operated since 1999 by St Stithians old boy Craig Warriner. When the fraudster needed fresh funds to keep the scam rolling, he expanded out of the original well-heeled Sandton private school base into a broader middle-class group of retirees who depended…
BHI Ponzi: Attorney Caitlin Gottschalk on Warriner’s betrayal of Ashcroft, the other trustee
Christian Ashcroft, the St Stithians old boy once blinded by admiration for SA’s version of Bernie Madoff, became trapped in a devastating Ponzi scheme orchestrated by his one-time hero, fellow school alumnus Craig Warriner. Entrusting Warriner with his entire inheritance, Ashcroft was left grappling with betrayal when the truth was…
UNDICTATED: Cawood says intermediaries that enabled Warriner’s Ponzi will be attacked
The billions gambled away by self-confessed Ponzi operator Craig Warriner were sourced through high-profile financial companies, whose endorsement provided the credibility the St Stithians old boy’s criminal enterprise needed. In this fascinating interview, Pretoria attorney Werner Cawood the only victim present when Warriner appeared in a small Katlehong municipal court…
From Jo’burg to beyond, SA gem Tashas is brewing success– Natasha Sideris
Tashas, a beloved brand in South Africa, grew from a single restaurant in Atholl, established with money from a loan shark, to 15 locations across the country. In 2019, Natasha Sideris and her brother Savva bought back Tashas from Famous Brands, establishing Tashas Group. This international hospitality company would soon…
FFM podcast ep26: The business end; delisting dynamics; property prowess; Equites; GrowthPoint
In a captivating episode of Fantasy Fund Manager, BizNews’ Stuart Lowman speaks with Garreth Montana of Corion Capital and Kanyane Matlou from Terebinth Capital. The duo discuss the intriguing trend of company delistings, highlighting the reasons behind firms opting to delist. Matlou provides a detailed insight into his day-to-day tasks…
Sean Peche shares the warning signs: How to avoid Warriner-type scams
Ranmore funds founder Sean Peche shares a financial insider’s perspective of the massive scams that hit this week - with practical advice to guarantee you never get caught up in these fraudulent schemes. Peche, who has spent his career in the sector, also analyses quarterly results released this week by…
BrightRock loving life in the Sanlam family, growing strongly - CEO Schalk Malan
South Africa’s disruptive life assurer BrightRock appears to be confirming the wisdom of a ‘two horses in the race’ approach by holding company Sanlam, which acquired 100% of the business in February after six years its the majority shareholder. In this interview, Brightrock CEO Schalk Malan talks about the former…
Adapting to a changing work environment: Flexible staffing strategies - Anne Rutledge
Adapting to a Changing Work Environment: Flexible Staffing Strategies for the Workforce and Companies The landscape of employment is evolving beyond the conventional 9-5 jobs, offering different models of work that include flexible working arrangements and staffing. These arrangements allow employees to work remotely for certain periods, while flexible staffing…
Markus Jooste? No Justice. Cyril Ramaphosa? No Accountability. “Super Pact”? No Thanks. - Themba Godi
Former Scopa (Standing Committee on Public Accounts) chairperson and African People's Convention leader Themba Godi has lamented the lack of justice in the case of disgraced former Steinhoff CEO Markus Jooste and the lack of accountability for President Cyril Ramaphosa. These are some of the talking points in this interview…
UNDICTATED: The ’95 Bok; Paul O’Sullivan; Carte Blanche: and R50m codeine scam
1995 World Cup winning Springbok Hannes Strydom was portrayed as a drug-dealing psychopath by an alleged criminal syndicate to cover up their theft of at least R50m from his pharmacy business. After discovering the loss, Strydom called in forensic investigator Paul O’Sullivan who has uncovered a crude fraud masterminded by…
SAPS: The ANC’s “Iron Fist” with Ian Cameron
The South African Police Service (SAPS) is becoming an “iron fist” for the African National Congress (ANC) in certain parts of South Africa. Crime fighter Ian Cameron of Action Society speaks to BizNews about the latest abuses of power and lack of accountability in SAPS. He describes how Police Minister…
Alignments pose risks: SA Middle East foreign policy may incur costs - Tony Leon
South African governments have in the past supported the Palestinian people and their struggle for their own homeland, but have managed to balance that with cordial relations with Israel. There has however been a noticeable shift from this policy during the Presidency of Cyril Ramaphosa. President Ramaphosa remained silent on…
David Shapiro on SA’s ‘Bernie Madoff’ - the St Stithians old boy who stole billions
After 15 years of running a Ponzi scheme, financial advisor Craig Warriner confessed, handed himself over, pleaded guilty to any and all charges and is seeking the safety of a single cell in prison. An old boy of the prestigious Johannesburg school St Stithians, Warriner, who appears to be the…
3rd Party Electricity Wheeling Fast-Tracked in the WC…
Western Cape municipalities are getting electricity wheeling toolkits to help fast-track the implementation of third-party electricity wheeling. It will allow private sector entities to transport power over the grid to other businesses, organisations, or facilities. In this interview with BizNews, the Provincial Minister of Infrastructure, Tertius Simmers, speaks about the…