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Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Schools were not ready to safely start phased reopening - Minister Angie Motshekga
The Minister of Basic Education, Angie Motshekga apologised this morning for the last minute decision to delay the phased opening of schools until the 8th of June. Motshekga says the decision was based on reports she received this weekend, visits to some schools and a series of consultations with unions,…
SA's proud moment in space history: Musk's SpaceX docks; DA exposes ANC plan to grab your savings to fund Covid-19
In today's news headlines: * South African Elon Musk’s dream to develop commercial space travel became reality when his company SpaceX successfully docked a commercial capsule at the International Space Station on Sunday; * As South Africa moves to level 3 of Covid-19 containment, President Cyril Ramaphosa highlighted how the…
To offshore or not to offshore – the rally is the question
With the rand tanking and local asset prices in the doldrums, many South Africans are looking offshore for investment opportunities. The recent rally in global stock prices – particularly in the US – has made offshore investing even more attractive. But before South Africans cash out and go all-in on…
SA/NASA partnership for space exploration to Mars, moon and beyond from Matjiesfontein
The South African National Space Agency (SANSA) has entered into a partnership with the US National Aeronautics and Space Administration (NASA) to host a Deep Space Ground Station. The station, based in Matjiesfontein in the Western Cape, will support deep space human flight missions to the Moon, Mars and beyond…
SA has flattened Covid-19 curve - NDZ; tobacco, booze ban costs R14bn in tax - SARS; Dudu Myeni declared delinquent
In today's news headlines: * As of Thursday, more than 25,500 people had tested positive for Covid-19 and more than 550 people had died of the disease. Dr Nkosazana Dlamini Zuma, Minister of Cooperative Governance and Traditional Affairs, said SA has managed to flatten the Covid-19 curve, but restrictions will…
Alcohol sales Mon-Thurs, hot food and no comment on ciggies as 8 million workers return - NCCC
The National Coronavirus Command Council gave more details this afternoon about the level 3 restrictions that will be in place from 1 June. It includes alcohol sales from Monday to Thursday from 9am to 5pm and exercise will be permitted from 6am to 6pm. Minister Nskosazana Dlamini-Zuma said that South…
Prof Alan Whiteside: Covid-19's sad reality as politics takes centre stage with Dr Gray, Cummings, Bolsonaro
Former UKZN professor and now CIGI chair in Global Health Policy, Prof Alan Whiteside, continues calling a spade a bloody shovel in this forthright update on the coronavirus pandemic. He weighs in on the needless furore around the head of SA's Medical Research Council - and the very necessary one…
Inside Covid-19: ANC's economic recovery plan; SA's 1.5 Reproduction rate (Rt) shows worse to come. Ep 40
In episode 40 of the Inside Covid-19 podcast, ANC Top Six member Paul Mashatile tells the UK's prestigious Chatham House that South Africa’s post pandemic economic strategy is an updated and sharpened version of the Reconstruction and Development Plan of the 1990s; Discovery’s chief actuary unpacks the relevance of South…
SA to face 5 tough years - SA Reserve Bank warning; banks brace for big losses; SAA in ICU; Woolies warning
In today's news headlines: * South Africa stands to lose five years of potential economic output due to the shock from the coronavirus pandemic and measures to curb its spread, warns the Reserve Bank’s lead economist; * Most South Africa banks are are likely to report losses in the next…
Lockdown's burden of proof extremely high - PANDA's Russell Lamberti
Russell Lamberti, founder of investment advisory firm ETM Macro Advisors and part of a concerned group of economists, actuaries and data specialists operating under the PANDA (Pandemic ~ Data and Analytics) banner, is very skeptical about the effects of an extended lockdown and questions whether the decision was based on…
Why Tiger Brands went from darling to dread for value investor Piet Viljoen and his take on SA's Venezuela path
Piet Viljoen of RECM, known to many as one of the last purists out there in respect of value investing, engages in an interesting discussion with Biznews editor-in-chief Alec Hogg about Tiger Brands’ decline and massive brand erosion over the last decade due to the poor acquisition strategy the company…
Inside Covid-19: R249pm medical aid for 1.2m household workers; Black tobacco farmers say Govt supporting crooks. Ep 39
In episode 39 of Inside Covid-19, Discovery and its partners combine to provide a R249 per month medical aid for 1.2m household workers; an emotional chairman of the country’s black tobacco farmer association who says his members are being put out of business by a Government whose cigarette ban supports…
SAA June take-off confusion; Covid-19 hammers Absa, Netcare; PetroSA circles Sasol; diesel rations; Distell
In today's news headlines: * SAA is set to take off again. It aims to resume domestic flights between Johannesburg and Cape Town from mid-June, it said on Tuesday*; * Absa bank has been hit hard by the Covid-19 shock to the economy, warning that bad debts have doubled; *…
Meet the Beast: From rugby field to virtual classroom
Affectionally known as Beast, Tendai Mtawarira uses his inherent characteristics of ambition and motivation to reinvent himself from sports icon to astute businessman. "The sports career is short-lived and sports people must plan for their career change as early as possible." Tendai himself has returned to full-time studies to be…
Disruptors vs disrupted - David Shapiro looks at forces driving the winners and losers
Facing backlash is nothing new for the outspoken market analyst David Shapiro and again there is no holds barred when he questions the competence of management in a discussion with Alec Hogg in the latest Biznews Rational Radio webinar. Shapiro admits it's been tough for SA Inc, but questions how…
Rational Radio 25 May: Disrupters vs Disrupted, Tiger Brands and Lockdown's 'burden of proof'
Biznews founder Alec Hogg hosts the weekly Rational Radio podcast hour, which is now recorded as a webcast to allow interactive engagement with Biznews Premium members. SA's favourite market watcher David Shapiro joined him as his regular guest. This week "Kasinomics" author and informal market specialist GG Alcock joined to…
Inside Covid-19: Iconic Dr William Haseltine's advice for SA; Logic from Actuarial Prof Roseanne Harris. Ep 38
In episode 38 of Inside Covid-19, we meet former Harvard Medical Professor William Haseltine, the HIV/Aids pioneer who has forthright suggestions on the steps SA should take to handle the pandemic; talk coronavirus with the super achieving Wits Prof Roseanne Harris who is about to become president of the International…
SA's Elon Musk gets set to make space history; troubled Tiger Brands to chop jobs; Distell; Rand
In today's news headlines: * South Africa’s most successful global tech entrepreneur Elon Musk - founder of electric car manufacturer Tesla is getting set for another historical step in his business journey. His space exploration firm SpaceX gets set to take US astronauts into orbit this week; * Food producer…
No country should count on a Covid-19 vaccine - former Harvard Medical prof William Haseltine
As South Africa moves to level three of the lockdown, President Cyril Ramaphosa told the nation that the early intervention in the Covid-19 epidemic did help to contain it, but until there is a vaccine available, the virus will continue to spread in the population. Biznews spoke to former Harvard…
CR: Level 3 lockdown from 1 June but hotspots closely monitored; booze allowed, no ciggies; Sasol; Hertz
In today's news headlines: * President Cyril Ramaphosa sets out how Covid-19 lockdown will be managed in the next weeks, with South Africa’s strict lockdown measures set to ease in June; * You'll soon be able to buy booze to drink at home, but cigarettes remain banned and restaurants will…