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Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Inside Covid-19: SA's healthcare system coping despite surge; Court rules Business Interruption insurers must pay. Ep 57
In episode 57 of Inside Covid-19, South Africa’s healthcare system is holding up despite a surge in hospitalisations; the court rules against Guardrisk, with costs, after it is sued by a Cape Town restaurant demanding settlement on a Business Interruption insurance claim - but Santam still refuses to budge; and…
Business interruption insurance expert Ryan Woolley on Covid-19 court victory.
Cafe Chameleon went to court against Guard risk insurance. In this interview with Alec Hogg, Insurance Claims Africa CEO Ryan Woolley discusses the implications for businesses fighting for Covid-19 business interruption pay-outs.
David Shapiro, Alec Hogg on "crazy markets": The economy after Covid-19 won't look the same
Reflecting on the "crazy markets", stockbroker David Shapiro says he thinks the economy that we come out of is not going to be the same as before Covid-19. Also covered in this episode: Tesla, Toyota, Spotify and gold.
Santam to Business Interruption customers: We won't pay. Blame Government's lockdown, not us.
Santam's chief risk officer Asher Grevler says he is appalled at the damage being wrought on the company's client base. Including those who thought they were covered against the pandemic by their Business Interruption insurance policies. But in the view of SA's largest short-term insurer, despite companies having been forced…
Only in SA: Covid-19 hangover - alcohol woes get the better of churchgoers
Only in South Africa. The two year old Gabola church, where booze is a critical part of the service, is running into trouble with the lockdown-inspired ban on alcohol. - Reuters
Actuaries slam SA Covid-19 forecasts; NHI is back on Cyril's desk; Steinhoff perks up; Amazon smashes barrier
In today's news headlines: * Actuaries have slammed Covid-19 forecasts for South Africa, warning that they are overly pessimistic and that the damage to the economy is out of kilter with strict Covid-19 containment measures; * President Cyril Ramaphosa has indicated that the National Health Insurance plan for South Africa…
Inside Covid-19: Existential battle looms as companies take on their insurers in SA, US and elsewhere. Ep 56
In episode 56 of Inside Covid-19, we get perspective on the surge in South African coronavirus infections and mortalities; take an in depth look at an existential battle between companies and their insurers both here in South Africa and the United States; and hear the sobering news that despite a…
The Editor’s Desk: Why corruption charges are so slow to arrive
With the election of Cyril Ramaphosa, South Africans began eagerly awaiting corruption charges. But these have been very slow to materialize. In this week’s episode of The Editor’s Desk, Felicity Duncan and BizNews editor Jackie Cameron reflect on why charges have been so long in coming. They discuss the various…
Vusi goes viral: 'Covid-19 is but the coffin after govt killed businesses'. LISTEN!
He is not afraid of speaking his mind and, you could say, as a professional public speaker, his mouth is his fortune. Vusi Thembekwayo, who has appeared on TV as a Dragon's Den SA judge, once told Forbes he will do for talking what Muhammad Ali did for boxing. This…
Covid-19 hits Capitec hard; Islamic State rears ugly head on SA's door; state capture dirt on ANC leaders; CPD bail-out
In today's news headlines: * Capitec, one of South Africa’s largest banks, has been hit hard by Covid-19 containment. It warns that its profits are plummeting; * Islamic State is threatening Africa's biggest investment in Mozambique and is also seen as a risk to stability in the region; * There…
Which ANC leaders will stand trial for state capture? Pierre de Vos, Max du Preez set out the rogues gallery
Constitutional law expert Professor Pierre de Vos and journalist and editor Max du Preez, known to be like pit bull when it comes to uncovering the truth, told the BizNews Midweek Catchup webinar that there is enough evidence to prosecute some big fish for state capture. - Linda van Tilburg
'I am a South African': TV business great Gary Alfonso reflects on the cosmic, and other, connections that bind us
Veteran journalist Gary Alfonso, former Managing Director of CNBC Africa and Head of Fox in Africa, and who has played a key role in the introduction of many television stations in Africa, contemplates South African identity. Gary who describes himself as an Afro-optimist wrote a powerful essay on his deep…
Meet Chantal Revell, Khoi-San princess who paved way for independent politicians
All South Africans walk in the footsteps of the Khoi and San (Khoi-San) people who were the original inhabitants at the tip of the African continent. It is therefore fitting that one of their descendants, Chantal Revell, played an instrumental role in the recent decision of the Constitutional Court to…
Allan Gray shake-up; SAA; SA current account surplus; Astron Energy Cape Town deaths
In today's news headlines: * SAA has been a significant drain on state coffers, requiring billions of rands of bail-outs, but the Department of Public Enterprises (DPE) says shutting South African Airways will cause severe hardship. African countries have lost almost $55bn in travel and tourism revenues in three months due to…
Exclusive: SA’s Covid-19 govt advisor Prof Salim Karim sheds light how far his reach goes
It’s easy to pick holes in a strategy which affects nearly 60 million lives – it’s entirely another thing to take full responsibility for your part in it and to own up when things don’t work. In this exclusive story, Professor Salim Karim, the man leading the way on scientific…
SA economy shrinks 30%; R4bn business interruption claims unpaid; BizNews unpacks tobacco scandal; Steinhoff
In today's news headlines: * South Africa’s economy probably contracted more than 30% in the second quarter when restrictions to curb the spread of the coronavirus shuttered almost all activity for five weeks, according to central bank forecasts; * Virus-related claims are mounting for insurers, with just over 500 small…
Inside Covid 19: Prof Linda-Gail Bekker; Tobacco insider Azeem Carim; Dr Jonathan Quick. Ep 55
In episode 55 of Inside Covid-19, global medical heavyweight UCT's Dr Linda-Gail Bekker shares her wisdom about the pandemic – and how little we still know; tobacco industry insider Azeem Carim exposes how cigarette manufacturers are making massive profits during SA’s Covid-19 inspired ban on legal sales; we hear from…
Tobacco insider: Manufacturer profit gorging on taxpayers, smokers via SA's cigarette ban
For SA's cigarette manufacturers, Covid-19 has been like all their Christmases arriving together. Industry insider and self-confessed smuggler Azeem Carim explains how the SA government's lockdown-enforced ban on cigarette sales has generated a massive payday at taxpayers' expense. It's engineered through "ghost exports" - cigarette makers supposedly producing for sale…
A Rational Covid-19 Perspective - Half an hour with UCT Prof Linda-Gail Bekker, SA's global heavyweight
Globally, South Africans punch far above their weight in many fields. It's quite an achievement for a country with less than 1% of the global population to have given the world Nelson Mandela, Desmond Tutu, Elon Musk, Trevor Noah and many of Europe's leading bankers. But until the coronavirus pandemic…
Sun International CEO Anthony Leeming on corporate predator circling SA hotel group
Sun International’s Latin American partner is aiming to acquire a controlling stake of the company, which is battling Covid-19 containment measures as are all hospitality companies. In this podcast, BizNews founder Alec Hogg explores the unsolicited R1.5bn bid by Nueva Inversiones Pacifico Sur.