BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Ecsponent, MyBucks: George Manyere, entrepreneur and turnaround specialist, unpicks multinational’s tangled web
Last year, the Financial Sector Conduct Authority suspended Ecsponent Financial Services for breaches of financial sector laws following complaints about how the company had marketed the preference shares of JSE-listed Ecsponent limited to potential investors. Independent financial advisor Magnus Heystek, of Brenthurst Wealth Management, was among those who signalled that…
Making the most of your money in 2021 - expert insights
Our popular, highly interactive Finance Friday webinar is back. This week, we were joined by global index-tracking expert Lisa Segall, of GinsGlobal Index Funds, and award-winning independent investment expert Magnus Heystek, of Brenthurst Wealth Management. It was a vibrant conversation on how to make the most of your hard-earned savings…
Inside Covid-19: Johann Rupert denies jumping queue; what vaccine 'apartheid' means for SA, the world
As South African billionaire Johann Rupert makes world headlines for getting a vaccine shot in December in Switzerland, we explore how global collaboration to mass vaccinate the world is being jeopardised - at the expense of the developing world. We speak to Theo Murphy, European Council on Foreign Relations, for…
Flash Briefing: Stinky India-SA vaccine deal; Mthembu dies; interest rates; Goldfields; Mozambique
* South Africa will pay $5.25 per dose for 1.5 million shots of AstraZeneca’s coronavirus vaccine from the Serum Institute of India - higher than the $3 a dose that South Africa and other countries on the continent are due to pay for the same vaccine under an African Union…
Flash Briefing: What's next for Mirror Trading; SA wealth tax proposal; private equity firms on hunt; Richemont; PSG
* The Financial Sector Conduct Authority has completed its investigation into MTI, and says investors should approach liquidators for help recovering funds. * A fresh wealth tax proposal says SA could find R160bn quickly. * Private equity firms want to spend R30bn in southern Africa. * Richemont saw robust demand…
Apple: Global tech demand powers up - expert insights
Apple, in the BizNews share portfolio, has been trading around $130 a share. Taiwan’s export orders, a bellwether of global technology demand, surged 38.3% from a year earlier to $60.55 billion in December, the highest on record, reported Reuters on Wednesday. Taiwanese companies such as Foxconn and Taiwan Semiconductor Manufacturing…
Joe Biden's US: How it will change global currents of power, what it means for Africa - international relations expert
How will Joe Biden govern the US, a superpower and engine room for the global economy? How will his presidency impact on international relations, trade and financial markets? Joining Jackie Cameron of BizNews to discuss the crisis of American power, how Trumpism leaves an indelible mark and, importantly, what the…
Loadshedding: 2021 will be worst year yet; here’s why SA faces electricity crisis: Chris Yelland, energy expert
No improvement is expected in electricity provision before the end of 2022 and perhaps longer, says leading independent energy expert Chris Yelland. The only way problems can be addressed is through self-generation and from independent producers - which can be delivered quickly, provided the legal and regulatory frameworks allow for…
Flash Briefing: Pick n Pay defends new CEO, investigated for insider trading; Land Bank needs R7bn; TFG; Glencore
* New Covid variant spreads 50% faster, but isn't more deadly, say govt advisors. * Pick n Pay defends incoming CEO Pieter Boone, after revelations that he was investigated for insider trading surface in the SA media; * The Land Bank may need another R7bn from taxpayers to survive; *…
Herman Mashaba: Finding jobs for thousands of unemployed doctors, nurses, as hospitals creak at seams
President of fast-growing ActionSA, Herman Mashaba, has highlighted that there are about 40,000 medical posts frozen and more than 500 unemployed doctors who want to help fight Covid-19 - but can’t get jobs. Meanwhile, taxpayers have footed the bill for Cuban medical personnel. He shares the details of the #HireOurMedicalHeroes…
Blockchain: Shaking up global trade, financial markets, could kill SA corruption - Monica Singer
South Africa is getting left behind as businesses and governments embrace blockchain. In this in-depth conversation with entrepreneur and disruptor Monica Singer, founder and former CEO of Strate and now South Africa lead for the world's largest blockchain company, we explore how governments are embracing blockchain to maintain control of…
Flash Briefing: Alcohol ban threatens more jobs, hammers glass industry; booze ban arrests; Sibanye; Truworths
In today's headlines: * The alcohol ban is hammering South Africa’s glass packaging industry, which could lose a further R1.5bn in sales; * Acting on tip-offs, police have been cracking down on restaurants serving alcohol in contravention of Covid-19 regulations; * Global stock markets sank on Monday as soaring Covid-19…
Truworths share price jump: What's behind it? Expert insights on SA clothing retailers
South Africa-listed retailer Truworths was among the top performers on the Johannesburg exchange at the start of the week, even though it has warned its profits for the half-year to the end of December will most likely fall by as much as 9%. BizNews speaks to independent analyst Christopher Gilmour,…
Ivermectin: South Africans have constitutional right to take it to treat Covid-19, says FMF health expert
Ivermectin, an FDA-approved anti-parasitic agent, has been found, in the laboratory, to inhibit the replication of the virus that causes Covid-19. In South Africa, it is not registered for human use and there are reports of people resorting to the veterinary version. A black market has developed. Earlier this month,…
Bright Light Solar's 2021 Prospectus published, "fastest fingers first" for prospective investors.
With the Covid-19 lockdowns knocking economic activity, Bright Light Solar has been unable to deploy its excess capital, so is cutting the 2021 fund raise back to R50m. The 12J tax incentives make this an especially appealing investment opportunity that was very well supported last year by the Biznews community…
Flash Briefing: Land Bank loses lifeline; Ascendis speaks on Ivermax; KZN leaders lose battle with Covid-19
The Land bank has lost its backing from Treasury in debt recovery plans. Ascendis Health speaks on the use of its animal health drug Ivermax in Covid-19 cases as KZN leaders lose their battle with the virus. Learn more about your ad choices. Visit megaphone.fm/adchoices
Short-selling: How football titan Dortmund (Ger: BVB) nearly lost entire team to murderous short-seller - flashback
Short-sellers have been blamed for some of the worst failures in the world's financial markets. In South Africa, Capitec was famously rattled by short-sellers, in 2018, complaining to the regulatory authorities about an inaccurate analyst’s report that had shifted the share price. But sometimes, short-sellers go to great extremes to…
Steven Nathan's hasty 10x exit: Who believes the Old Mutual spin?
This week index-tracking pioneer 10X Investments announce the sudden departure of its founder, Steven Nathan. Old Mutual-appointed chairman Henk Beets hastily moved into the CEO’s office with the company spinning the exit as friendly. It said: “Steven was presented with an opportunity to sell his shares…..he decided the timing was…
Taking stock: Naspers, Prosus, Tencent; Tesla; Montauk; Pick n Pay
Justin Rowe-Roberts, who covers stocks for BizNews.com, shares his highlights on companies that caught the attention of investors during the week. In this episode, he picks up on Naspers and Tencent - and explains why the two companies have a big role in SA portfolios. SA-born Elon Musk is discussed,…
Inside Covid-19: Vaccines - can you get fired if you refuse to get one? Legal insights
Can South African employers impose mandatory Covid-19 vaccination policies as a pre-requisite to return to work or as a precondition for employment? What happens if an employee refuses to wear a mask, or an employer fails to implement mask-wearing laws? We’ve got the answers to these questions and more on…