BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Wirecard scandal: Inside story of how bosses of payments company pulled off biggest bank robbery in Germany's history
Bosses at South African multinational Steinhoff built an elaborate web of transactions to fool investors, but it eventually started to unravel in 2017. There are parallels in the Steinhoff story with the Wirecard scandal. Behind one of the largest companies listed on Germany's Dax lay an elaborate scheme of fake…
Flash Briefing: Investors lose their shirts in crypto deals, warns FSCA; gas power for Gauteng; Sasol; Sappi
* The regulatory Financial Sector Conduct Authority has warned that it has a received a large number of calls from South Africans who have lost huge sums in crypto investments and scams packaged as crypto assets. * Gas powered electricity is coming soon to Gauteng, says Africa infrastructure investor Harith…
Sars is on a fishing expedition looking for YOUR crypto profits - here's the tax lowdown on Bitcoin
The South African Revenue Service (Sars) has been sniffing around taxpayers for undeclared profits from trading in cryptocurrencies. This comes as SA gets set to regulate Bitcoin and other digital currencies. But, as expert Thomas Lobban of Tax Consulting South Africa underscores: you should have been declaring your trades ever…
OrbVest CEO targets 10 new medical properties in 2021 as strong rand enhances investor appeal
OrbVest has grown from the personal property investment portfolio of three successful SA entrepreneurs into a $300m business owning 30 medical blocks in the US. In this podcast, CEO Martin Freeman explains why the company has been one of the few winners from Covid-19, tells us there's only one project…
Amazon change of guard: Insights on Jeff Bezos, Andy Jassy from a former AMZN insider
Amazon shareholders are celebrating a smashing final quarter of 2021 after the group reported an astonishing 44% surge in revenues this week, says BizNews Founder Alec Hogg in his daily email exclusive to BizNews Premium subscribers. He says some Amazon co-owners may be concerned that founder Jeff Bezos is handing over…
Flash Briefing: Nearly 50% of businesses rejected for R200bn relief; Moderna shot for SA; airline price war; Zuma
* The Banking Association of South Africa said in a statement on Wednesday that, at the current rate, only R18.9 billion rand - or about 10% - of the R200bn available to help businesses recover from Covid-19 will be allocated. * Moderna has offered to supply its coronavirus vaccine to…
SA's lawless economy is growing, eroding tax, enabling crime and corruption, killing jobs - B4SA
Business for SA (B4SA) is campaigning for the government, manufacturers, retailers and consumers to recognise that the growth of the illicit economy - at a similar rate to the legal economy - is a major problem. State capture weakened state entities; Covid-19 rules had the effect of fuelling illicit trade…
Robinhood, Redditers and your Apple, Amazon stocks: Exploding myths about democratising stock markets
Dr Richard Smith is an expert on cycles and the CEO of The Foundation for the Study of Cycles, a not-for-profit. He speaks to BizNews editor at large Jackie Cameron about what is really fuelling 'meme' stocks - and catching out professionals - and what this means for investors outside…
Flash Briefing: Sars targets Bitcoin traders; Ford ditches Brazil, invests in SA; investors snap up SA bonds
* Ford Motor Co. will plow $1.05 billion into a plant in South Africa -- its biggest-ever investment in the country. * Record demand at South Africa’s weekly sale of government debt suggests the lure of relatively high yields still outweighs investors’ concern about the country’s fiscal path. * The…
Elon Musk's Tesla, SpaceX: Assessing the investment case - legendary investor Ron Baron
Tesla is sporting a market cap of $800 billion, which is more than seven times the combined sum of Ford and General Motors, notes BizNews Premium partner The Wall Street Journal. That valuation is paired with a minuscule share of the global auto market. So what’s next for Tesla, and other Elon Musk companies?…
Unprecedented demand as half Bright Light's R50m fund raising snapped up on Day One
Government's 12J tax incentive to stimulate employment and support targeted sectors is being applauded in the best possible way - via the wallets of sussed SA taxpayers. Bright Light Solar's fund raising issue opened to strong demand from BizNews community members yesterday, in a single day attracting deposits for half…
CR delivers good news to SA: vaccine procurement up; Covid-19 rules ease
With a clear decline in hospital admissions and deaths, Covid-19 restrictions are being eased to balance economic and health considerations. So said President Cyril Ramaphosa when he announced adjustments to the plans to contain the spread of the virus. Vaccine procurement is being ramped up and will include helping SA's…
GameStop bull gives inside story on pushing up GME, in Reddit-fuelled trading frenzy
Are we in a meme stock bubble? What is a meme stock and how is it driven upwards? Hear from one of the original GameStop bulls, Rod Alzmann, a 31-year who set up GMEDD.com, about how he made a bullish case for the company and his theory took off. Learn…
Flash Briefing: Mozambique president at centre of corruption scandal; Zuma refuses to testify; vaccines; SA equities
* Corruption in southern Africa is a key theme in world headlines, with Mozambique President Filipe Nyusi placed at the centre of a $2bn debt scandal that led to a sovereign default. * In South Africa, former president Jacob Zuma - the central figure in R500bn, or $33bn, lost to…
The Alec Hogg Show: Third World Child GG Alcock: Common sense optimism about SA - Ep 15
In a world overpopulated with fakes, the authenticity of GG Alcock is a beacon of hope. Raised in a mud hut by committed South African Liberals, Alcock's story is inspirational, insightful and uplifting. For those who have read them, his excellent books Third World Child and Kasinomics expose a country…
Flash Briefing: Confiscate Zuma's passport, urges Mashaba; IMF message to SA; Covid vaccines; US market
* ActionSA, a party headed by former Johannesburg mayor Herman Mashaba, is urged the government to investigate reports emerging from numerous sources indicate that former President Jacob Zuma may be readying to jet out of South Africa. * As South Africa prepares to release its annual budget later this month,…
Inside Covid-19: Former Sunday Times editor Brian Pottinger lifts lid on why the world panicked about coronavirus
Have governments gone too far in imposing lockdowns to curb the spread of Covid-19? Why did governments use this strategy? Is the original Covid-19 still circulating - or did it die out in June? We speak to Brian Pottinger, South African author and former Sunday Times journalist who has undertaken…
Making the most of your money in 2021
We kicked off discussions with a look at whether bitcoin, blockchain and SA’s underperforming funds have a place in your portfolio of assets. Answering your money questions were: independent financial advisors Dawn Ridler, of Kerenga Wealth Ecology, and Jonathan Botha, Netto Invest. Learn more about your ad choices. Visit megaphone.fm/adchoices
Taking stock: Steinhoff; Sasol; Reddit traders; Italtile; Clicks; Woollies - this week on the JSE
Justin Rowe-Roberts, financial reporter at BizNews, reflects on this week's performance on the Johannesburg stock exchange. He explains why Steinhoff and Sasol gained in value, why the Clicks share price fell this week - even though it is dumping Musica - and sets out why Woollies is a stock worth…
Good Hope: How an accounting teacher has transformed thousands of lives, empowering poor South Africans
Professor Amanda Dempsey has been lauded as one of the pioneers who shaped the accounting profession in South Africa. SAICA’s AccountancySA Magazine recently featured her as one of the people who have changed the profession, citing a passion for the industry that spurred her on to do all she could…