Independent financial advisor Magnus Heystek has adjusted his once pessimistic view on all things South African - and is decidedly excited about pockets of the local investment landscape. He explains his latest thinking to BizNews editor Alec Hogg.
The Automobile Association (AA) has slammed the Gauteng provincial government for wanting to spend R120 billion on extending the Gautrain service. In this interview with BizNews, the AA’s Layton Beard points out that billions of Rands of Gauteng taxpayer’s money has already been paid to the operating company Bombela since…
Alec Hogg and Paul Counihan of Fed Group explored South Africa's evolving political and economic landscape. Counihan expressed optimism about the country's future, highlighting the role of the government of national unity in fostering collaboration and stability. He emphasised the importance of energy security and fiscal discipline in attracting foreign…
In this BizNews interview, Alec Hogg speaks with Warren Wheatley, founder of Altvest, on the company’s recent listing on the Johannesburg Stock Exchange. Wheatley discusses the strategic shift from the Cape Town Stock Exchange, the company's partnership with EasyEquities, and upcoming exclusive investment opportunities, including offshore ventures. He highlights Altvest’s…
This episode of the BizNews Briefing features UIM President Neil de Beer on the late Tito Mboweni as well as President Ramaphosa's Phala Phala scandal; AltVest founder and CEO Warren Wheatley discusses developments with the company; Alec Hogg speaks to Calgro M3 CEO Wikus Lategan; our partners at Bloomberg report…
Despite a 10% drop in share price due to a slight revenue decline, Calgro M3 emphasises long-term profitability and diversification into memorial parks. Group CEO Wikus Lategan, highlights in this interview with Alec Hogg, strong gross profit margins and the memorial parks' role in mitigating cyclical risks while ensuring stable…
In this episode of the Sunday Show, Neil de Beer of the United Independent Movement, explains why President Cyril Ramaphosa should face private prosecution over Phala Phala, and why Democratic Alliance (DA) leader John Steenhuisen should step back from his Minister of Agriculture position to focus on the leadership of…
In this insightful interview, Fairtree portfolio manager Cornelius Zeeman discusses the firm's growth, their global investor base, and the challenges of investing in South African markets. He highlights the scepticism foreign investors have following the "Ramaphoria" era, emphasizing the need for sustained economic growth and policy certainty. Zeeman also shares…
Equites Property Fund sees growth in logistics and warehousing sectors, driven by strong retailer relationships and rising e-commerce. CEO Andrea Taverna-Turisan emphasises the importance of logistics giants like DHL and DSV, highlighting the challenge Amazon's entry poses. Renewable energy and infrastructure efficiency remain key to future competitiveness. Taverna-Turisan spoke to…
This episode of the BizNews Briefing features ActionSA leader Herman Mashaba on the DA and Gauteng; SARS Senior Manager Bernard Kruger on Crypto tax; Equites Property Fund CEO Andrea Taverna-Turisan; Mantengu Mining CEO Mike Miller; plus today's market commentator, Cornelius Zeeman from Fairtree Investment. The BizNews Briefing is hosted by…
Mantengu Mining, under the leadership of CEO Mike Miller, is poised for transformation with the strategic acquisition of the Blue Ridge Platinum mine. Mantengu Mining, under the leadership of CEO Mike Miller, is poised for transformation with the strategic acquisition of the Blue Ridge Platinum mine. This deal represents a…
ActionSA leader Herman Mashaba has slammed the Democratic Alliance for “fear mongering” in its ongoing war of words over his party entering into a working relationship with the African National Congress in Joburg and ousting the DA Mayor from Tshwane with the support of the ANC. “The DA, unfortunately, the…
SARS is ramping up efforts to track cryptocurrency traders, warning South Africans that undeclared crypto profits will no longer go unnoticed. With around 5.8 million SA citizens holding digital assets, SARS has launched a compliance initiative using third-party data and AI tools. The voluntary disclosure program offers a way for…
In a recent interview, Peter Armitage, CEO of Anchor Capital, discussed the potential for recovery in South Africa's investment landscape, emphasizing the resilience of local companies, especially in resources and technology. He noted the urgent need for reforms in education to address the acute shortage of accountants. Armitage also highlighted…
This episode of the BizNews Briefing features DA Federal Chair Helen Zille on the mayoral switch in Tshwane; Barry Bateman of the Afriforum Private Prosecution unit on alleged corruption facilitator, ANC Gauteng leader Panyaza Lesufi; Afrimat CEO Andries van Heerden on the perfect storm that hammered profits in the half…
In a candid interview with BizNews, DA Federal Chairperson Helen Zille discusses the government's progress, challenges, and the role of the DA in the coalition government. She delves into Herman Mashaba's political manoeuvrings, the EFF-DA rivalry, and the pressing issues in Gauteng and Tshwane. Zille highlights the DA’s focus on…
Afrimat CEO Andries van Heerden opens up about the company's toughest half-year yet, with earnings down by 75-85%. Despite challenges including a perfect storm of iron ore setbacks and struggling acquisitions, van Heerden remains optimistic. He highlights recovery in key areas, ongoing improvements, and the company's resilience, hinting at brighter…
In this BizNews recap we look back at when South Africa’s financial world was shaken by the collapse of the BHI Trust, a Ponzi scheme that defrauded thousands of investors out of R2.9 billion. Promising steady returns, the scheme lured in retirees, pensioners, and high-net-worth individuals, only to leave them…
Gauteng Premier Panyaza Lesufi is allegedly a central figure in a massive cover-up of rampant corruption, money laundering and fraud that has cost the provincial government hundreds of millions of rand that was allocated to the Department of Social Development (DSD) to support needy NGOs. That is according to a…
In an insightful interview with Jean Pierre Verster, CEO of Protea Capital Management, he discusses the significant impact of China’s economic developments on global markets, including South Africa. Verster highlights China's $28 billion local government investment and the World Bank's subdued growth forecast, which have led to declines in commodities…
8 Oct 2024 11AM
10 min
740 – 760
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