BizNews Radio (OLD)
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
David Barnes: From cancer survivor to sparking UCT's Neuroscience Institute
Although he spent years at the top of SA's financial services tree, co-founder of the mighty Coronation David Barnes always let others do the public stuff. So this is a rare interview, only the second with Barnes in more than two decades of engagement. In it he shares a deeply…
The Journal: The day coronavirus became a pandemic
The World Health Organisation has made it official: The new coronavirus is a global pandemic. The Wall Street Journal's Brianna Abbott, Margherita Stancati, and Ben Cohen explain why the crisis is escalating and how it's rippling through the world.
JSE freefalls with world markets; Sasol wipe-out, future plans; Damning PIC report; SA's flown from Wuhan
In today's news headlines: * The Johannesburg Stock Exchange lost almost 10% of its value, the worst crash since 1997; * Sasol has indicated that it would consider raising funds by selling additional shares and disposing of more assets amid growing concerns about its debt levels after the disastrous events…
WSJ What's News: US imposes EU travel ban, NBA suspends season plus Tom Hanks and wife contract coronavirus
President Donald Trump announced a temporary ban on some travel from Europe into the US, along with economic stimulus measures. From Europe, Noemie Bisserbe, Bojan Pancevski, and Margherita Stancati. Plus, the NBA suspends its season after a player tests positive for the coronavirus, and Tom Hanks and his wife are…
Business confidence, Sasol plunge; FlySafair wants Mango; Big Four break-up; Musk flies higher than Boeing
In today's business headlines: - South African business sentiment plunged to the lowest level in more than two decades in the first quarter and could weaken even further as the coronavirus hits the domestic and global economy; - It has been a week of steep drops for some emerging-market stocks,…
Bloomberg Businessweek: Google scrubs coronavirus misinformation, oil's "knife fight"
Dr. Amy Compton-Phillips, Chief Clinical Officer at Providence St. Joseph Health, discusses efforts to contain the coronavirus outbreak in the US which she says are being hampered by a lack of testing kits. Bloomberg News Technology Reporter Gerrit De Vynck explains how Google is blocking coronavirus ads and is pulling…
Ramaphosa victory over PP; Covid-19 - Harvard, top varsities go online; Italy shuts down; Assore leaps; Sasol sinks
In today's news headlines: * The Assore share price shot up more than 80% after the company, on the JSE since 1950, announced a share buy-back with a view to delisting the company; * Sasol continued plummeting, shedding more than 13% of its value on the JSE; * South Africa…
Asset management talent: Higher returns from newbies, than poached rock stars - Hlelo Giyose
Some of the highest paid employees are to be found in South Africa's asset management companies. The most talented investment professionals are routinely poached by competitors in a dog-eat-dog industry that sells the skills of its rock star fund managers. For Hlelo Giyose, Chief Investment Officer and Principal at First…
Chris Logan: Remember this simple plan to fix Eskom? Even Greenpeace thinks it's a winner
In 2018 energy experts Tobias Bischof-Niemz, of the CSIR, and Johan van den Berg, CEO of the South African Wind Energy Association, suggested "a simple way to stabilise electricity prices, cast off Eskom’s crippling debt and boost South Africa’s credit rating, while maintaining public sector control of critical assets in…
George Manyere tells Magnus Heystek: THIS is how Ecsponent will repay investors
Magnus Heystek is a household figure among South Africans with an interest in personal finance and investing. He has his name on a a string of personal finance books and has probed various investment scams over the years, ringing the alarm for the broader community. When he first encountered the…
Entrepreneur accelerator created 4,500 jobs in SA over two years - Alison Collier
There are many people with good or even genius ideas, but to transform that idea into a successful venture takes more than a couple of scribbles on a napkin. Even if one has built a prototype spaceship in their back yard, there's no guarantee that it will turn into a…
WSJ What's News: Oil, coronavirus fuel worldwide market selloff
The Dow falls more than 2,000 points, the biggest single day loss since 2008. The Wall Street Journal markets reporter Akane Otani explains the connection between Monday's steep oil price decline and the broad market selloff. WSJ's Alison Sider discusses the effect of coronavirus fears on the airline industry. JR…
Here's what coronavirus could cost SA travel, tourism, expert tells Alec Hogg
The coronavirus that erupted in Wuhan, China and has spread across the globe, most recently bringing Italy to a standstill, will hit South Africa hard. According to Jabulani Debedu, a consultant at BDO's tourism specialist unit, has tallied the costs of previous diseases that have knocked the tourism and travel…
Can De Ruyter rescue Eskom? Alec Hogg, Erik Smuts probe his Nampak performance
After a long search, André de Ruyter, former CEO of Nampak, was appointed as CEO of troubled power utility Eskom. His appointment came as a bit of a surprise. His name was whittled down from a list of more than 140 and he scored the top job at Eskom following…
JSE plunges; Covid-19, oil price war chase away global bulls; Eskom; Sasol; rand
In today's headlines: * South African stocks plunged to a more than four-year low on Monday, joining a global sell-off in riskier assets as oil prices collapsed more than 30%, hitting chemical and energy firm Sasol the hardest. It shed nearly 50% of its value; * US stocks extended losses…
Much ado, camel’s back or foxy unity – Clem Sunter flags three roads for coronavirus
The world appears to be more polarised with a general perception that political and value systems that we inherited after the Second World War are being eroded. With populists in power in many countries, including the United States of America, it does appear that the world is in crisis. All…
David Shapiro on the coronavirus panic portfolio - it's all about deep value
Financial intermediaries and stock brokers have been inundated with calls from anxious investors who have watched their investments rocketing back and forth amid panic around the fall-out from the spread of coronavirus. But, as respected South African stock market commentator David Shapiro points out: now is a good time to…
Rational Radio: New Nampak CEO; Ecsponent from two sides; Coronavirus scenarios; Sasol and more
A bumper lineup on this week's Rational Radio: * New Nampak CEO Erik Smuts; * SA's favourite market commentator David Shapiro on Sasol, Anglo, Pioneer and more; * Acting CEO George Manyere gives his side of the Ecsponent story; while Brenthurst Wealth's Magnus Heystek pokes a few holes; * First…
Three Covid-19 cases; No need for travel ban; Moody's lowers forecast; Mining preps for virus; Short notice blackouts
In today's news headlines: -The number of positive coronavirus cases in South Africa has risen to three, after the wife of the Kwazulu-Natal man who was the first case of the disease in South Africa, also tested positive. A second case in Gauteng is also linked to the couple. Health…
Coronavirus fact vs. fiction – should we blame open borders?
There’s a lot of misinformation out there about the coronavirus. In this podcast, which features content from The Wall Street Journal What’s News podcast, Felicity Duncan separates fact from fiction, and takes a look at what we know for sure so far. The episode also addresses the question of open…