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Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
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.
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.
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.
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…
‘Logic, evidence’ drive more SA investors to index tracking funds: Steven Nathan
Index tracking funds eclipsed actively managed funds in assets under management last year, in a significant milestone for the global investment industry. In South Africa, passive investing has been gaining traction, too, with investors increasingly becoming wise to the need to pay close attention to costs, which can eat into…
Astonishing rise of Sasol share price: David Shapiro shares 'intriguing story'
The Sasol share price has given stock market investors a rollercoaster ride, plummeting from January to March and heading up again quickly to June. Sasol is listed on the Johannesburg Stock Exchange and is one of the most closely watched shares in South Africa. The underlying business activity does not…
CR to axe public sector jobs; Edcon closer to selling Edgars, Jet; SA Airlink attacks SAA rescue; City Lodge cash plan
In today's news headlines: * President Cyril Ramaphosa has warned that job cuts loom at public sector entities. The government is preparing a radical change to the budget to fix an economy battered by Covid-19; * Bond investors worry that borrowing R1bn a day won’t be enough to plug SA’s…
Inside Covid19: Discount exchange rate for offshore investors; Lockdown's US Day Trading boom for Sasol. Ep 50
In episode 50 of Inside Covid-19, coronavirus-inspired South Africans seeking diversification abroad can now buy into portfolios run by the world’s biggest investment houses at a discounted exchange rate; we have a look at the lockdown inspired day trading boom in the US, and then consider its local implications with…
The Constitutional Court ruling that's a game-changer for SA politics, with Teresa Conradie, Herman Mashaba
In this webinar, BizNews founder Alec Hogg discusses a Constitutional Court ruling that is set to shake up political governance. With him answering questions for the BizNews community are Teresa Conradie, a lawyer who played a key role in the case, and Herman Mashaba, a politician and entrepreneur. This is…
Seismic shift in political governance unpacked, with Alec Hogg, Teresa Conradie, Herman Mashaba
Political governance in South Africa has changed dramatically, following a Constitutional Court ruling that means Parliament is no longer the preserve of individuals who are in the main political parties. In part two of this webinar recording, BizNews founder Alec Hogg explores this critically important development with the lawyer behind…
2,000 Covid-19 deaths; Tito's shake-up budget; Tsogo Sun rescues Marriott hotels; back-to-work for hairdressers
In today's news headlines: * Almost 93,000 people in South Africa have tested positive for Covid-19 since the start of the pandemic; * Finance Minister Tito Mboweni has told Parliamentarians that the Treasury plans to unveil “very serious and unusual changes” to its expenditure plans this week; * Tsogo Sun…
The bitter truth about new Covid-19 treatments
The news about dexamethasone – a potential new Covid-19 treatment – is great, but it doesn’t mean we’re out of the woods. Not by a long shot. While it’s natural for us to be enthusiastic about any positive Covid-19 news, whether it’s a new treatment option or a possible vaccine,…
Inside Covid-19: Good news for well run businesses; Sun International; More on dexamethasone. Ep 49
In episode 49 of Inside Covid-19, good news if you’re a careful driver or have a well-run small business; why remote doctor consults (telemedicine) is here to stay; an update on the search for an effective way to identify those with Covid-19 antibodies; the CEO of Sun International explains what…
ANC, not Covid-19, have destroyed economy - DA; Curro, Foschini rights offer; Tongaat Hulett; Sasol
In today's news headlines: * DA leader John Steenhuisen says the ANC, not Covid-19, is to blame for the country’s economic woes after President Cyril Ramaphosa announced that the lockdown will be substantially eased; * Tesla directors, including co-founder Elon Musk, awarded themselves massive compensation packages over a three-year period and improperly…