BizNews Radio (OLD)
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Massmart closes Dion-wired; Rhodium boosts platinum producers; Tesla soars
In today's business news headlines: * In a blow for employment creation, Massmart is to shut down stores and chop jobs as it shores up its finances. * Rhodium, the world's most precious metal, is soaring - which is good news for SA platinum producers. * Zim looks set to…
Key issues in Bright Light Solar Prospectus - invest to earn 21% after-tax
Since we first exposed the Biznews community to Bright Light Solar, hundreds have responded to CEO Kevin Shames who tells us he has been engaging directly with each one. What has excited investors is the way a combination of the tax allowances and dividends deliver an annual return of 21%…
MTN truly is SA's better connection after hefty infrastructure investments pay off
The latest quarterly survey by telecoms specialist Mybroadband.com provides more good news for an embattled MTN which is still celebrating the Nigerian Attorney General dropping his $2bn claim against the group. But while the Nigerian challenge is far from over (Inland Revenue and Customs are still on MTN's case), the…
David Shapiro on Greenside High billionaires, Prosus, Comair, MTN and Mondi
South Africa's favourite market commentator is at his best when recalling connections from decades of growing up in Johannesburg and working at its world famous stock exchange. In this interview from the latest episode of Rational Radio, the Greenside High old boy shares his thoughts on a now famous former…
SARB will remain independent; Pvt electricity generation step-up; Eskom chair resigns; Zondo, Zuma, Prosus
* The ANC has re-affirmed the independence, role and mandate of the South African Reserve Bank in an annual policy statement. * In another policy decision, the ANC said solving South Africa’s energy crisis, creating jobs and speeding up land redistribution will top the party’s priority list this year. *…
Business confidence in the 80s; WB, Nedbank cut SA growth forecasts; Gold, Aveng
In today’s business headlines: • South African business confidence has slumped to its lowest level since 1985 as the country faces power cuts, delays in policy implementation, deteriorating public finances and the risk of losing its only remaining investment-grade credit rating. • The World Bank is the first key institution…
Emigrating? Expert money tips, traps - Dawn Ridler. LISTEN!
Welcome to the first BizNews Personal Finance podcast of 2020. In this interview, Johannesburg money and investment expert Dawn Ridler shares insights on how to manage your personal finances when you emigrate. Ridler, based in Johannesburg, shares some of her top money tips, and highlights mistakes South Africans make, when…
Ghosn on the offensive; Mantashe “restraining” CR ; PMI contracts; Platinum, Palladium, Gold
In today's business headlines: - Carlos Ghosn, the auto executive who fled to Lebanon last week to escape trial in Japan said he did not escape justice; he fled injustice; - Absa’s Purchasing Manager Index fell deeper into contraction in December to 45.9 from 47.4 in the previous month; -…
Job outlook: who's hiring, firing, earning big; Tesla in China; great white spotted
In today's headlines: * It’s set to be harder than any time in the last five years to get a job in South Africa. That’s the message from statistics gathered by the Manpower Group SA, which has surveyed business owners on their hiring and firing plans for 2020; * More…
Blackouts hit SA business forecasts; new Absa CEO; Iran-US market reactions
In today's headlines: * South African business forecasts for 2020 have been knocked by debilitating power cuts, as new Eskom boss starts work on cleaning up the utility; * Absa has a new CEO. It has head-hunted Daniel Mminele, a SA Reserve Bank heavyweight; * A severe drought is threatening…
Power cuts welcome new Eskom CEO; US-Iran tension; Prosus loses JustEat battle? Wine evolution
In today's business headlines: - Loadshedding made an unwelcome return as the Christmas break is drawing to an end just as Andre de Ruyter officially takes over as head of Eskom; - The 2020 forecasts for emerging markets have been put on hold as the goal posts have moved with…
Eskom pushing SA over cliff edge; Jozi crime; Tesla tipped to shine, Boeing not; Home Delivery food fight
In today’s business headlines: • Growing problems at South Africa’s state-owned enterprises are pushing major companies towards bankruptcy and subjecting the country to rolling blackouts that are choking growth, according to the Wall Street Journal; • Shootings in Johannesburg left two people dead and 16 injured, marring the city’s New…
MTN terrorist support allegations; Petrol price drop; RBM ops resume; Kenya stocks outshine SA
In today's headlines: - MTN said it was reviewing allegations from the United States which accuses several firms, including MTN, of paying protection money to militant Islamist groups in Afghanistan; - Improved sentiment towards emerging markets has boosted the rand and the currency managed to break below the R14 a…
Oil and gas bill published; Further loadshedding; Trade surplus widens; Rand lifts; R50bn lost in Tax Gap
In today's business headlines: - A long-anticipated draft of oil and gas legislation has been published in the Government Gazette that is aimed at increasing the development of the industry; - Further loadshedding may occur this week as Eskom says that the systems is still “severely constrained; - South Africa’s…
SAA can be rescued; 50% of co. have taxable income; Tesla tops the decade; Bugatti for Xmas
* There is a reasonable chance that South African Airways can be saved from collapse. That is according to Les Matuson, the business rescue practitioner appointed to assess the prospects of SAA and 10 000 jobs linked to it. * Almost 50% of companies in South Africa had no taxable…
Inside SA’s R1.1trn Russian nuclear deal – Carnegie’s Andrew Weiss
A fascinating half hour revisiting South Africa's "almost" R1.1trn nuclear power deal which would likely have bankrupted the country and been a terribly investment, too, for Russia. Researcher Andrew Weiss, head of the Russian area at the US's oldest think tank, unpacks the Carnegie Endowment's 27 page report on the…
De Ruyter denies Sasol wrongdoing; Cosatu’s PIC plan for Eskom; Trillian's Gupta stash where-about; brave Saffer
* The incoming head of Eskom, Andre de Ruyter, has denied that he engaged in “questionable stock sales” months before resigning from Sasol to join Nampak as CEO in 2013. * Cosatu is proposing that more than half the debt of state-owned Eskom be put into a special purpose vehicle…
Eskom arrests over corruption; Bain manager turns; Rand shines, More land-reform details; Lesotho’s dagga plans
* Two senior ex-managers at Eskom and a number of other suspects have been arrested by the South African Police over allegations of fraud, corruption and money laundering at the Kusile power plant. * A former partner at Bain’s South African business said he will testify at the Zondo Commission…
Wondering how to offset Naspers/Prosus capital gain? Here's a bright idea....
The first interview we published with our business partner, 12J company Bright Light Solar, unpacked how smart structuring and focus translated into an effective 21% return for investors. In this follow up discussion with the company's founder, former hedge fund professional Kevin Shames, we explore how the 12J tax incentive…
O'Sullivan, with Koko's help, puts Trindade, Eskom accomplices behind bars
Over the past few months ace crime fighter Paul O'Sullivan has been dragged into court by a corrupt Portuguese tenderpreneur and his expensive lawyers who even tried to get the Forensics for Justice founder arrested. In the early hours of the morning, it was Trindade and his Eskom accomplices who…