BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Hotel owner on business insurance rip-off: SA insurers run as Covid-19 comes calling
Hotel owners and others in the hospitality industry have been paying for business interruption as part of their business insurance policy premiums. But, insurers are refusing to pay for the extreme revenue losses incurred as governments have ordered businesses to close their doors to halt the spread of Covid-19. Insurance…
SA stock market expert David Shapiro lets us in on his 'cheeky' portfolio
Shapiro lets us in on his cheeky portfolio, which includes businesses that are unloved in South Africa. Learn more about your ad choices. Visit megaphone.fm/adchoices
Inside Covid-19: Lessons for SA from NY on what NOT to do; Tech savvy ways to work from home; Keeping oldies safe. Ep 53
In episode 53 of Inside Covid-19, some surprising results of the swing to working from home as previously resistant older people are taking to tech as never before; we revisit the growing scandal around SA insurers refusing to honour Business Interruption cover with the owner of an 81 year old…
State capture specialists back at Zondo; SAA; Naspers results; Zimbabwe stock market panic; Rand
In today's headlines: * The Zondo Commission into state capture has resumed after proceedings were halted because of the Covid-19 lockdown three months ago; * President Cyril Ramaphosa says the stigmatisation of those infected with Covid-19 must stop, in his weekly email to the nation; * The Department of Public Enterprises…
Zondo wants to know: What action did Zuma, Ramaphosa and team take to stop corruption at SOEs?
State-owned enterprises like Eskom, South African Airways and the Passenger Rail Agency (Prasa) lie at the heart of South Africa's current economic woes. They were the main vehicles through which money was channeled to corrupt officials during the years that President Jacob Zuma was at the helm. It is these cash-strapped…
Covid-19 SA cases rise, world hits 10m; NDZ wins tobacco ban court case; Zimbabwe cash crisis
In today's headlines: * More than 10m people around the world are confirmed as having contracted Covid-19 - and more than 500,000 people have died of the new coronavirus; * Dean of the Faculty of Health Sciences at the University of the Witwatersrand, Prof Martin Veller told BizNews that although the numbers…
Crowd1 is illegal - FSCA; mines caught up in Covid-19 red tape; new Wits VC Vilakazi; hospitality insurance battle
In today's news headlines: * Mining companies may take until August to get all their employees back at work, reports Bloomberg; * The University of the Witwatersrand has appointed Professor Zeblon Vilakazi as its fifteenth Vice-Chancellor and Principal; * The Financial Sector Conduct Authority (FSCA) has warned that the suspected pyramid scheme Crowd1 is…
Watch out! Cyber crooks target the newly tech-savvy - Discovery tech experts
The Covid-19 pandemic has resulted in a seismic shift in the way people engage with financial service providers. As Discovery’s tech leader Derek Wilcocks highlights in this interview with BizNews founder Alec Hogg, even the tech laggards have had to upgrade their knowledge of the nuances of apps and internet…
Covid-19 vaccine trial brings SA great hope as virus storm intensifies - Prof Martin Veller
There are nearly 150 vaccines under development in the world for Covid-19. The frontrunner at the moment is the vaccine that is being developed by the Jenner Institute at Oxford University, which is being trialled in humans in the United Kingdom. AstraZeneca, which is producing the vaccine for the university,…
Can SA's Covid-19 rescue budget save South Africa? Economist Kevin Lings, BizNews founder Alec Hogg weigh up the plan
In this discussion, BizNews founder Alec Hogg and Stanlib Chief Economist Kevin Lings examine whether South Africa can emerge stronger after its battering by Covid-19 containment measures. Learn more about your ad choices. Visit megaphone.fm/adchoices
Taxman cometh - SARS Commissioner Ed Kieswetter targeting cheating multinationals, super rich
In the media conference after the Supplementary Budget, the head of SARS Ed Kieswetter outlined the five focus areas for the country's tax collection service. Multinationals who cheat SARS through transfer pricing, profit shifting and manipulating pricing of trade deals are in the crosshairts. So are the "aggressive tax arrangements"…
Inside Covid-19: SA's plans to overcome R341bn pandemic bill; Exercise habits change in lockdown; Prof Veller. Ep 52
In episode 52 of Inside Covid-19, you’ll notice a significant change as we’ve edited the interviews into highlights and with it shortened the length of the podcast. Interviews featured in this podcast are available in full separately via the Biznews.com website or App. In this episode, South Africa’s Supplementary Budget…
A fiscal cliff looms: 'We don't want to be Zimbabwe or Greece' - Finance Minister Tito Mboweni
In his supplementary budget speech, Finance Minister Tito Mboweni outlined the worrying economic picture for South Africa. He warned that debt could spiral out of control and said South Africa could find itself in a sovereign debt crisis that would plunge more people into poverty. This, he said, could undermine…
Where your money goes: More to municipalities and health care - Finance Minister Tito Mboweni
Finance Minister Tito Mboweni announced in his supplementary budget speech that R21.5 billion rand will go towards Covid-19 related healthcare spending. A further allocation of R12.6 billion will go to services at the frontline of the response to the pandemic. There will be an adjustment to spending for the three…
Sovereign debt crisis looms for South Africa without spending cuts - Finance Minister Tito Mboweni
Finance Minister Tito Mboweni presented his supplementary budget speech today with a warning that South Africa was facing a fiscal reckoning. The South African economy is expecting to contract by at least 7.2 per cent in 2020, which is the largest contraction in nearly 90 years. The emerging fiscal framework…
Prof Salim Karim on Government response, challenges and changes with managing the Covid 19 out brake.
Prof Salim S. Abdool Karim is a leading AIDS scientist and Director at CAPRISA. Prof Karim talks about Governments evolving regulations to handle the out brake of Covid 19 and outlines the current challenges and solutions. Learn more about your ad choices. Visit megaphone.fm/adchoices
Ryan Woolley - Insurance companies refusing to payout claims for Covid 19.
Ryan Woolley, the Chief executive of Insurance Claims Africa, speaks to Alec on the battle in the insurance industry. Insurance companies offered cover to businesses for Infectious to contagious diseases, and now with the Covid 19 outbreaks are reneging on their contracts. Learn more about your ad choices. Visit megaphone.fm/adchoices
Tito's "Deng Xiaoping" moment - Alec Hogg's interview with the BBC this morning
Biznews founder Alec Hogg was interviewed by Lawrence Pollard on the BBC World Service's Newsday programme this morning for perspectives ahead of South Africa's Emergency Budget. He suggests finance minister Tito Mboweni has the best opportunity yet to channel his inner Deng Xiaoping - China's great economic reformer. Learn more…
Covid-19 vaccine trials start in SA; Aspen can cope with Covid-19 wonder drug demand; SAA; CR infrastructure spend
In today's news headlines: * The first clinical trial in South Africa and on the continent for a Covid-19 vaccine begins this week. The vaccine is already being evaluated in a large clinical trial in the UK where more than 4,000 participants have already been enrolled; * South African pharmaceutical…
Inside Covid-19: Pandemic exclusives - ours with Dr Salim Karim, WSJ's with Donald Trump. Ep 51
In episode 51 of Inside Covid-19 there’s an update on South Africa’s war against the coronavirus from the country’s designated expert Dr Salim Abdul Karim; we hear about insurers that are refusing to settle billions in business interruption claims; there’s a look back to the Black Death and the Spanish…