BNC#9 | Rob Hersov: Why mafia, gangsters and tenderpreneurs make SA so difficult to turn around

Loading player...
Rob Hersov became a household name in South African business circles for one speech and two words. Four years on, he's back on the BizNews stage with a harder, more complicated message: the country is not fixed, the ANC is not gone, and the crisis is deeper than most people admit. But he's also putting his own money down, on the West Coast, on a Cape Town-area development, and on a young entrepreneur building South Africa's first prediction market. Between the warnings about gangsters, hijacked buildings and a R1.8 trillion corporate cash pile sitting idle, Hersov makes the case that South Africa's real danger isn't collapse. It's getting used to it. Watch to hear why he thinks the municipal elections could be the turning point, and where he's actually putting his own capital.
13 Aug 1AM English South Africa Investing · Business News

Other recent episodes

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min

He built a $1.5bn bank. Now Revolut, Discovery Bank and PEP are circling

In this interview with Irakli Rekhviashvili, Tyme Group co-founder Coenraad Jonker gives his take on what actually protects a digital bank once the competition catches up, and why he thinks the old rules of banking no longer apply. On competitive advantage, he says: "I'm saying to my guys increasingly, I…
11 Sep 7AM 50 min