BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Cell C sheds stores, jobs; Fraser-Moleketi to chair Tiger Brands; Naspers; wine industry in crisis
In today's news headlines: * Cell C has blamed the changing retail environment for a decision to shed stores and jobs. * Tiger Brands says Covid-19 containment measures are largely to blame for its disappointing results. * Naspers is to invest R1.4bn in South African tech start-ups. * SA's wine…
Decoding antibody testing - Why you could have Covid-19 and not know it
Antibodies are small proteins produced by your body when it is fighting off an infection. Dr Noluthando Nematswerani decodes these fighting cells for BizNews and lets us in on the current limitations associated with antibody testing. Learn more about your ad choices. Visit megaphone.fm/adchoices
SA hunts for new Auditor-General; Standard Bank; Massmart; Sasol; SAA; Airbnb
In today's news headlines: * Standard bank expects a revenue decline in the second half of the year as its its first-half earnings dropped 44%. * Makro and Game owner Massmart says it expects headline losses for the first half of the year to be about 40% lower than last…
Dave Woollam: Separating fact from fiction in the Tongaat Hulett accounts
Former banker turned shareholder activist Dave Woollam explains why he decided to take a deep dive into troubled Tongaat Hulett. In this excerpt from the Rational Radio webinar, Woollam tells BizNews editor-in-chief Alec Hogg that Tongaat Hulett's financial results are a textbook case of the absurdity of the International Financial Reporting Standards…
More evidence Covid-19 lockdown shattered economy for no good reason: PANDA's Nick Hudson
A fierce critic of the SA government's approach towards the coronavirus pandemic and the lockdown, actuary Nick Hudson of Pandemic Data and Analytics (PANDA) forecasts that the Western Cape will reach herd immunity within a month. Hudson has conducted research into the country's rate of infection, studying the trends around the…
Elon Musk now world’s 4th wealthiest; Apple makes Wall Street history; MTN; SA banks
In today's news headlines: * Elon Musk, South Africa born founder of Tesla, is among the world's wealthiest, after the Tesla stock price soared. * Apple is now worth $2trn. * MTN has a new boss. * As banks are set to report a plunge in profits, the South African…
SARB governor Lesetja Kganyago: Risks to the rand - and why SA economy doesn't require a careful rethink
Lesetja Kganyago, governor of the reserve bank set out the risks for the rand at a webinar for the Cape Town Press Club. The SA Reserve Bank Governor told the Cape Town Press Club that he thinks fixing the SA economy doesn’t require a careful rethink - government just needs…
PPC accounting 'errors'; Eskom power cuts; Zimbabwe stocks plunge; S&P500 soars
In today's news headlines: * PPC, South Africa’s largest cement maker, plunged deeper into crisis after reporting accounting errors and delaying the release of full-year earnings for a second time. * Zimbabwe’s benchmark stock index has slid by 21% since the government allowed trading to resume just over two weeks…
Sasol: On pure fundamentals - be careful, Shapiro warns stock market investors
Sasol’s executive team has to work hard to bring down the company’s R180bn of debt, which is mostly in dollars. Stockbroker David Shapiro says debt of this size makes everything else in the business become secondary. This follows the release of Sasol's annual results this week. Sasol is a popular…
Asset manager Piet Viljoen: SA stocks are cheap – and these ones offer value
South African stocks have been 'cheap' for a while, says RECM founder Piet Viljoen. He discusses stock selection ideas with BizNews founder Alec Hogg. Learn more about your ad choices. Visit megaphone.fm/adchoices
Inside story on SA's second Covid-19 vaccine trial: Wits vaccinology Professor Shabir Madhi
University of the Witwatersrand vaccinology expert Professor Shabir Madhi tells BizNews about how US drug company Novavax got to run a critical trial of its coronavirus vaccine. He shares the details of why this is a promising vaccine and picks up on the latest developments on Covid-19 vaccine trials in…
Prolong your life with 30min of exercise a day - the habits that boost your health
Deepak Patel is the principal clinical specialist and head of research at Discovery Vitality. He joins BizNews to talk about what adults over 65 can do to stay healthy and reduce their health risks. Learn more about your ad choices. Visit megaphone.fm/adchoices
Another Covid-19 vaccine trial starts in SA; Tiger Brands sells assets; Foschini buys Jet stores; Sasol results
In today's news headlines: * Novavax says its Covid-19 vaccine could begin the final stage of testing by September. This would be the second Covid-19 vaccine trial underway in SA. * Tiger Brands, facing legal action in connection with listeriosis contamination of food that led to 200 deaths, is selling…
CR says he's got a plan to save SA economy; Covid-19 lockdown rules lifted; Sibanye; Woolies
In today's news headlines: * South Africa's Covid-19 restrictions ease from midnight and President Cyril Ramaphosa says there are plans underway to breath life into the struggling economy. * The alcohol and tobacco bans have been lifted and interprovincial travel is allowed as South Africa reports 105,000 active Covid-19 cases…
South Africa moves to Lockdown Level 2: What you need to know
Thirsty South Africans and smokers alike rejoiced as President Cyril Ramaphosa announced that the country would be moving to Level 2 lockdown. This will mean that a number of bans and restrictions will be lifted. "Let's breathe life into our struggling economy," he said. Learn more about your ad choices…
SA Covid-19 restrictions lifted so that the country can get back to work. Listen!
President Cyril Ramaphosa says South Africa must get back to work. Many Covid-19 restrictions are being lifted from midnight on 17 August, as the number of active Covid-19 infections in the country is at around 105,000. The president says the country is over the worst of the health crisis but…
Islamic State at SA's door: Mozambique investments under threat - expert insights
South Africa is watching the events in the northern parts of Mozambique closely, where ISIS is threatening the development of the liquified natural gas that has been found off the coast at Cabo Delgado. The government of Mozambique - that is ill-equipped to deal with the insurgents - has asked…
Tim Modise speaks to Wendy Alberts about Covid-19 restrictions killing restaurants
CEO of Restaurants Association of South Africa Wendy Alberts talks about the lockdown restrictions on the hospitality sector and the impact on operators and employees. She shares ideas of how to rebuild the severely damaged restaurant businesses, with broadcaster Tim Modise. Learn more about your ad choices. Visit megaphone.fm/adchoices
Tobacco industry accused of having a hand in illicit trade: ‘There are no good guys.’
During the launch of the Tobacco Industry Interference Index Report for South Africa, academics and industry spokespeople shone a light on the dirty dealings of the tobacco industry, including its role in the black market. - by BizNews reporter Claire Badenhorst. Learn more about your ad choices. Visit megaphone.fm/adchoices
QE won't happen - Kganyago; What rich people fear the most in SA; Eskom pumps up Exxaro profits; PPC
In today's news headlines: * South African Reserve Bank Governor Lesetja Kganyago dismissed suggestions the central bank’s inflation-targeting mandate be broadened and that it undertake quantitative easing to support an economy facing its deepest contraction in almost nine decades. * Wealthy individuals in five African nations including South Africa, Nigeria and Kenya see political instability as…