Mark Burke discusses Kastelo’s regulatory dispute with the South African Reserve Bank, explaining the company’s compliance processes, client mandates, offshore investment transactions and decision to halt operations amid the blocking order. He also addresses the political fallout, media coverage and his decision to step back from the DA’s finance cluster…
South African swimming legend Chad le Clos has made history, becoming the most decorated athlete in Commonwealth Games history with 21 medals., In this interview with Biznews, Chad and his father, Bert, reflect on a nine-year quest to reach this milestone, which is a journey Chad says ranks alongside his…
There are more online ads sold and paid for every single day than there are human beings on earth to consume those ads. That is the revelation from Marc Dhalluin of TruthsetsOnline, a South African based in Los Angeles, whose passionate mission is fighting global ad fraud. He talks to…
Today's episode explores the aftermath of the Steinhoff crash with previously unseen texts from Markus Jooste. We also unpack how Naspers secured its legendary $33 million Tencent deal despite tough negotiations. In sports, Chad prepares for his "last dance" at the LA 2028 Olympics. Finally, we cover Wall Street's slump…
Buy anything worth $600 billion and you can't lose money, says Milkwood Capital's Rhys Summerton. That's the easy trade. The hard one is spotting a great serial acquirer before the market notices, and Summerton has the scars and the returns to prove it. He walks through the five things he…
He spent three months convincing two reluctant shareholders to sell. He drove across the Hong Kong border in a train packed "like sardines" to negotiate with four young founders through an interpreter. He talked Naspers into betting $32 million it barely had on a loss-making Chinese chat app called QQ…
Your phone tells you which menu items will wreck your afternoon before you've ordered. Your investment portfolio is run by an agent that never sleeps. And the loyalty programme you've belonged to for years? It might not survive contact with your own smartwatch. At BNC#9, former Google South Africa boss…
Ten years ago this month, Bernard Mostert and Braam van Huyssteen signed away their shoe empire for R3.2 billion in Steinhoff shares. Within eighteen months those shares were worth almost nothing, and the men who bought Tekkie Town had walked South Africa into its biggest corporate fraud. In this fireside…
In today's episode, political commentator Solly Moeng unpacks the R4 billion Reserve Bank investigation involving DA finance spokesperson Mark Burke's former company. Additionally, Milkwood Capital's Rhys Summerton reveals the essential traits of successful serial acquirers, and former Google SA boss Stafford Masie warns that AI will disrupt traditional health models…
The ANC's national support has slipped to a new low. Almost a million South Africans have left the country in a generation. And yet the IRR's John Endres reckons South Africa has a better shot at real reform than Britain does. At BNC#9 in the Drakensberg, Endres lays out new…
The once carefully curated moral image of the Democratic Alliance (DA) is showing more cracks. In their weekly chat, Chris Steyn and political commentator Solly Moeng discuss the R4-billion South African Reserve Bank (SARB) investigation into the company founded by DA Finance spokesperson Dr Mark Burke, and the pro bono…
Twelve years ago Wayne Duvenage quit as CEO of Avis to fight a toll fee he believed was unjust. Government has since written off R43 billion in e-toll debt. A separate R200 billion power ship deal is dead too. Now, at BNC#9, the OUTA chief executive explains how a small…
In this episode of BizNews Daybreak, we cover OUTA CEO Wayne Duvenage’s call at BNC#9 for civilian-led accountability and AI to combat corruption, alongside IRR CEO John Endres's polling data showing ANC support dropping below 50% across key demographics. Reuters details Wall Street's slip driven by soaring bond yields and…
Fired from a small quarrying company in 2005 for pitching an idea a lawyer called "unlistable," Andries van Heerden went and built it anyway. Twenty years on, that idea is Afrimat: a R10 billion JSE-listed miner spanning iron ore, manganese, anthracite, rare earths and now cement, after last year's Lafarge…
He started out as a bursary student from a village with no electricity or running water. Now Simon Baloyi runs one of South Africa's biggest industrial employers. In his first full year as CEO (2024) he turned a loss of nearly R70 a share into double-digit profit. Baloyi's BNC#9 keynote…
Wall Street dipped as investors braced for retail earnings from Home Depot, TJX and Walmart. In Knysna, Ron Weissenberg says a R70-80 million provincial intervention has barely dented entrenched corruption despite Hawks investigations. From BNC#9, Theo de Jager detail 14 Washington meetings pushing the US to link trade to farm-murder…
They've been dubbed 'the Three Amigos', and a year on from their first appearance as a trio at BNIC#2 in Hermanus, Dr Corné Mulder, Dr Theo de Jager and Gerhard Papenfus are back with an inside account of the Washington meeting that could reshape South Africa's relationship with the United…
With The Hawks investigating corruption at Knysna Municipality amid a failing intervention, Ron Weissenberg of The Accountability Group (TAG) tells Chris Steyn why interventions and money are not the solution. “They tend to paper over the problems and they address… emergencies on a short-term basis. However, when the money ends…
South Africa has budgeted a trillion rand for infrastructure over the next three years. It's spending less than it did twelve months ago. Public Works and Infrastructure Minister Dean Macpherson lays out why: a tender system that awards roughly one in six bids, a construction mafia that until recently shut…
Back from BNC#9 in the Drakensberg, Daybreak opens with Safe Citizen's Jonathan Deal on the Madlanga Commission, where WhatsApp chats allegedly link Julius Malema to Major-General Feroz Khan and tobacco businessman Mohammadh Sayed. Malema calls it ordinary parliamentary oversight. At the conference, FF+ leader Corné Mulder warns GNU parties risk…
16 Aug 11PM
13 min
80 – 100
Agree to storing cookies on your device.
Cookie preferences
iono.fm may request cookies to be stored on our device. We use cookies to understand how you interact with us, to enrich and personalise your experience, to enable social media functionality and to provide more relevant advertising. Using the sections below you can customise which cookies we're allowed to store. Note that blocking some types of cookies may impact your experience.