There's nothing run-of-the mill about financial services entrepreneur Ian Kilbride. Having travelled from the UK to SA by road in an old Bedford truck he met a local girl, got married and has lived in the Cape ever since. We've known each other for two and a half decades, during…
Biznews' Alec Hogg sits down with Futuregrowth's Andrew Canter with a specific focus on ethics in the financial services sector. Canter says ethics is key to managing people’s money, primarily because as much as people want good investment returns they first want to make sure their money’s being looked after…
One has to turn back the clock to the 1990's when the South Africa government was looking to privatise assets. One of the units they sold stakes in was the Airports Company of South Africa. During the sale a 4 percent minority stake was taken up. Fast forward 20-something years…
The CEO of BMW SA, Tim Abbott says the JD Power Platinum Quality Plant Award won by the Rosslyn plant is the first for any manufacturer in South Africa and the highest for any BMW plant in the world. The vehicles produced at Rosslyn are exported to the United States…
Andile Mazwai, CEO of the National Stokvels Association of South Africa tells Tim Modise that stokvels have played an important role in the lives of the black community for decades and continues to do so for many citizens who work in the informal sector. He says NASASA provides members with…
The former Prime Minister of Georgia, and McKinsey partner, Nika Gilauri caught up with Tim Modise at the Biznews studio, talking about his career in the Georgian government and how he became Prime Minister at the age of 33. Gilaur , who first started out as the country's Energy Minister,…
The Value Investor's value investor Piet Viljoen has taken a big hit with the decision by Nedbank to move the billions in its Managed unit trust away from the company. Like other authentic value managers, few of whom remain, Re:CM's performance has been poor over the past couple of years…
Advocate Dali Mpofu says the huge turnout at the march organised by the EFF demonstrates that South Africans are fed up with the current economic structure of the country. The march took place in Johannesburg where the 50,000 demonstrators presented memoranda to the Reserve Bank, Chamber of Mines and the…
Rhodes University tax professor Matthew Lester has focused a lot of his attention on the root cause of the #feesmustfall campaign which sparked national protests by university students. He unpacks the numbers and explains how free tertiary education can be address through a little creative thinking on the over-funded UIF…
Tshepo Matlala of SAIBPP says black owned property companies have a 2 percent share of the R400 billion property sector. He says that 4 of the companies blacklisted were created through government opportunities. Matlala also says the sector has been very slow to transform due to a lack of support…
Professor Malegapuru William Makgoba, former Vice-Chancellor of the University of Kwazulu-Natal and Deputy Chairperson of the National Planning Commission, says the student protests sweeping across South Africa are due to poor leadership at the institutions. Makgoba says the transformation of these institutions is overdue and the students have taken the…
Marketers love taking about win-win deals. Here’s one that is for real. South Africa’s Discovery Health has become the first company to sign a bulk DNA analysis deal with world famous scientist J. Craig Venter, who “discovered” how to map the human genome. Venter’s well-funded young company Human Longevity Inc…
At Biznews, 2015 will be remembered as the year of the Belvedere Ponzi scheme - a global network of financial fraud and deceit masterminded by South Africans Cobus Kellermann and David Cosgrove. On March 17, when David Marchant of Offshore Alert claimed Belvedere was a massive criminal enterprise, we did…
A government initiative with a long-winded title (Department of Energy’s Renewable Energy Independent Power Producer Procurement Programme aka REIPPPP) is not only seeking to ease the load of more traditional energy sources, but is actually successfully doing so. By agreeing to buy energy from co-funded renewables projects and placing it…
Lisa Seftel executive for Transport at the City of Joburg says October has been set aside to migrate Sandton motorists to public transport. The city hopes to get 30% of drivers using public transport. Seftel says the city has planned park-and-rides, and built infrastructure for cycle lanes and pedestrian walkways…
Founder of the Kara Institute, Mathole Motshekga, says Lee Berger and other paleoanthropologists who linked the recently discovered fossils to human ancestry are wrong because they failed to consider indigenous knowledge in their conclusions. He referred to the fossils of Homo Naledi as being those of baboons or monkeys, and…
SADTU General Secretary Mugwena Maluleke says unions will resist the government’s intentions to go ahead with Annual National Assessments, the same way they fought against apartheid. He says the department of education is beholden to corrupt service providers who stand to make money out the assessments at the expense of…
The Executive Director of Discovery Insure Themba Baloyi spoke to Tim Modise about the high fatality rates in South Africa. Over 5,000 lives have been lost on South African roads since April. Baloyi says taxis, who transport 65 per cent of road users, contribute 15% of the fatalities compared to…
Kenton Fine is the London-based executive chairman and founder of Servest, a R10bn turnover, 45 000 employee multinational group. In 1998, at the tender age of 29, Fine listed the company on the JSE - and four years later had to fight off a hostile takeover attack from Brian Joffe's…
23 Sep 2015 4AM
33 min
1668 – 1688
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