BNC#7: Rob Hersov - SA must win the ideological battle, reject ANC socialism and embrace capitalism

Loading player...
Global entrepreneur and capitalist activist Rob Hersov delivered a striking keynote at BNC#7 in Hermanus, declaring that the ANC’s ideological model has failed as it has run out of money. He emphasised that South Africa is at a turning point and called for an ideological battle against socialism, advocating for free markets, deregulation, and economic growth. Hersov urged civic action, media engagement, and strategic financial backing to drive change, stressing that ordinary South Africans must take charge of the country’s future.

In his Q&A session with BizNews founder Alec Hogg, Hersov doubled down on his critique of the ANC while shifting focus to solutions. He emphasised the need to fight an ideological battle rather than just criticising political failures. Topics ranged from economic growth and media influence to mobilising capital from overseas South Africans. Hersov called for strategic funding of civil society and political movements, urging unity in promoting free markets. The session also tackled misconceptions about BEE, the role of "useful idiots," and the importance of shifting mindsets to drive real change.
19 Mar 2025 10AM English South Africa Investing · Business News

Other recent episodes

Warren Wheatley breaks his silence on his FSCA debarment

Three trades, R301 in total, and a 20-year ban from the financial sector. Warren Wheatley, the chartered accountant who helped put together the Capitec empowerment deal and went on to found Altvest, now Africa Bitcoin Corporation, broke his silence to Alec Hogg days after resigning as CEO. The FSCA says…
23 Sep 12PM 54 min

Brent Bozell on the US-South Africa breakdown

Six months after warning a Hermanus room full of business leaders that Washington's patience was wearing thin, US Ambassador Brent Bozell returned to BizNews to explain what happened next. Five asks, a 15-day deadline and a six-page reply that, in his words, answered none of them. The result: visa bans…
23 Sep 10AM 40 min

Mchunu, Mrs Matlala, Maumela, Mudzinganyama - and Meyer…

In their weekly chat, Chris Steyn and political commentator Solly Moeng talk about the second seizure of of electronic devices belonging to Special Leave Police Minister Senzo Mchunu; the arrest of tenderpreneur Cat Matlala’s wife, Tskanane; the rape case against suspended Deputy National Commissioner Shadrack Sibiya; the latest testimony at…
23 Sep 6AM 24 min

Ian Cameron: General Sibiya on charges of rape, sexual grooming, human trafficking…

In their latest interview, Chris Steyn and Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, unpack a day of high drama with the court appearance this afternoon of suspended Deputy National Commissioner General Shadrack Sibiya who is now facing charges of rape, sexual grooming, and human trafficking. The…
22 Sep 1PM 10 min