BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Flash briefing: Court rules against strict BEE; manufacturing green shoots; Comair blow; Aspen gets Covid vaccine deal
* A court has ruled against strict requirements of BEE in government tenders. * South Africa's manufacturing sector is showing signs of improvement. * The National Union of Metalworkers of SA is threatening legal action over the retrenchment process under way at Comair. This could scupper the business rescue process…
'This industry can dramatically boost employment in SA' - CCI South Africa's Satish Varanasi
South Africa has the potential to build a business process outsourcing location to rival those in India and the Philippines. That’s according to Satish Varanasi, in an interview sponsored by CCI SA. Varanasi was headhunted from a major Indian corporation to scale up call centre operator CCI South Africa. He has over…
New DA leader John Steenhuisen; Trump vs Biden; Comair flying again; Prosus share buy-back; expensive Jooste SMS
In today's business headlines: - John Steenhuisen has been elected as the Democratic Alliance’s new leader for the next three years following its virtual Federal Congress over the weekend. - All eyes will be on the United States this week where it will be determined if the world would have…
Flash briefing – Government defends ‘New’ SAA bailout, Oil and Sasol plunge; Gupta sanctions, Old Mutual expansion
In today's business headlines: - The South African government says it was aiming for the New South African Airways to fly again in the first half of next year, after it gave the airline a R10.5 billion bailout in the mid-term budget. Several government officials have come out in defence…
'I'm deeply disillusioned with South Africa' Sibanye CEO Neal Froneman on SA investing
Sibanye-Stillwater CEO Neal Froneman is known for his no-nonsense approach when it comes to presenting the facts. In a recent Rational Radio Webinar, the seasoned mining executive showcased just that - explaining to BizNews founder Alec Hogg, David Shapiro and Peter Major why he feels the way he does about…
CR self-isolates; SAA to fly again, on taxpayers' backs; stock markets tumble around world
* President Cyril Ramaphosa has begun a period of self-quarantine following the positive Covid-19 diagnosis of a guest at a charity dinner he attended. * South Africa is to spend at least R17bn more on its failed national carrier SAA. * Stocks tumbled in the US and Europe as rising…
Inside Investing - Sasol CEO's grilling; SA shares surge; Kisby soon providing loans; Eli Lilly CEO on beating Covid-19
Welcome to episode seven of the BizNews podcast which offers fresh ideas on investing and moneycraft. In this episode, stock market veterans David Shapiro and Piet Viljoen provide perspective on a strong run in South African shares; Sasol chief executive Fleetwood Grobler faces a hostile Piet Viljoen; Kisby chairman Mark Barnes provides good news about…
The future of high schooling is online - and it comes with A+ benefits
In the sixth instalment of Inside Investing, BizNews founder Alec Hogg spoke with the founder of the Valenture Institute, Robert Paddock. Paddock - who has built up the highly successful online learning platform, GetSmarter - says that Covid-19 has really changed things up for many people. This includes learners and…
Flash Briefing: Joburg, Cape Town to break chains with Eskom; World Bank debt warning to SA: DA in Tshwane victory
* South Africa’s biggest cities are preparing to source their own power after the energy ministry approved letting them wean themselves off state utility Eskom. * The World Bank has told South Africa’s government it has to cut its wage bill to qualify for a loan of as much as $2 billion…
Retirement annuity vs living annuity - experts explain key differences
In our Friday Finance webinar, BizNews editor Jackie Cameron spoke to independent financial advisor Dawn Ridler of Kerenga Wealth Ecology in Johannesburg and investment specialists Albert Coetzee and Marc Lindley of Ninety One Investment Platform. The three guests explained the key differences between a retirement annuity and a living annuity…
Meet Willem Petzer - The fearless young voice of SA's beleaguered farming community
As a result of his activism, young farmer Willem Petzer has rocketed to fame, becoming one of the loudest voices representing his community with, for instance, over 100 000 people having viewed his Youtube video on farm arson posted four days ago. He has more than 150 000 Facebook followers…
Flash Briefing: Eskom payment crisis; SA taxpayer bailouts loom; Zuma sons frozen out of bank accounts; rugby
* Eskom, the indebted South African state power utility, will announce its annual results this week after a three-month delay because of over-payments. * South African taxpayers are expected to bail out several troubled state entities, with announcements expected this week. * A large South African bank, FNB, has terminated…
Bobby Godsell: Oppenheimer's unlikely mentee urges perspective, new GNU, offers message of hope - Alec Hogg Show Ep 12
Another extraordinary South African features in this episode of the long-form biographical podcast. At 68, Bobby Godsell's passion for his homeland hasn't dimmed and in this rare interview, he proposes an approach to living in SA that works. Born in Boksburg and raised in Durban, Godsell spurned repeated offers by…
Gautrain expansion; Transnet debt ring-fenced; Koeberg lifetime extended, All eyes on Tito and Cricket Board bowled out
In today's business headlines: * The Department of Public Enterprises could ring-fence billions of rand of irregular expenditure by Transnet to ensure clean audit findings for the state-owned ports and rail operator. Transnet has reported R10 billion of irregular expenditure in the last fiscal year. * Power utility Eskom has…
Inside Covid-19: Where are the jobs? Future of employment for pilots, school-leavers - expert insights
In this episode of Inside Covid-19, we look at the impact of the pandemic on education - and jobs. Professor Michael le Cordeur, of the Department of Curriculum Studies at Stellenbosch University, explores whether another generation has lost out on vital education. We also speak to Prof Susan Michie, a…
Eskom green shoots; Altron’s Bytes UK listing; Anglo American rebound; Clicks online boost; Slower African recovery
In today's business headlines: - Eskom anticipates that its performance would improve by December this year due to what CEO Andre de Ruyter called adequate reliability maintenance, but Eskom could not eliminate the risk of load shedding going forward. - Altron’s share price jumped by 13,93% on the JSE after…
Inside Investing: Froneman won't put money into SA; JSE delistings; Remote high school learning; Netflix. Ep 6
Episode six of the Biznews podcast which exposes new investment opportunities and offers fresh ideas on moneycraft features Neal Froneman, the man who built what is now the R150bn mining giant Sibanye Stillwater. The forthright miner explains why he believes South Africa is a poor destination for global capital. Valenture…
Flash Briefing: Anglo American sued in SA for Zambia poison scandal; Durban oil spill; UK dividends plummet; gold; rand
* A group of Zambian women and children are suing Anglo American, alleging the mining company caused widespread lead poisoning from a mine it owned until 1974 in the northern city of Kabwe. The case, which is demanding compensation and a clean-up of the area, was filed in a Johannesburg…
Flash Briefing: Steinhoff fined; Cell C; Petra; Zondo wants corrupt Transnet bosses to repay R17m
In today's BizNews headlines: * The Johannesburg Stock Exchange is to fine scandal-hit Steinhoff International R13.5m for breaching listing requirements; * SA’s third biggest mobile operator Cell C reported a loss of about R7.6bn; * London-listed SA diamond miner Petra Diamonds has abandoned plans to sell the business in favour…
The Alec Hogg Show - Meet Chris Hart the gentle giant still standing after targeted, ejected, mugged by mob. Ep11
Our guest in this episode is outspoken economist Chris Hart, a former science teacher who did a B Comm because he thought it would help when he was became a headmaster role. Instead, it was the ticket to a bank’s dealing room where he helped traders make a packet when…