BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Mesh.trade enters SA market offering speed and lower costs in decentralised Financial Markets platform – Connie Bloem
It was not long ago that bankers and traders were turning up their noses at fintech and the phrase, “Normal people should not be trading,” was common in the City of London and other financial markets. That was until several players like Robinhood joined the party and technology democratised investing…
In-depth with Mike Brown, SA's longest serving bank CEO: Nedbank, its R10bn digital investment, renewables, fintechs, greylisting and crypto
In this in-depth podcast, Nedbank CEO Mike Brown tries (unsuccessfully) to hide irritation at the slow pace of SA's economic reform, but brightens up on the demand that's building for renewable energy investments. The country's longest-serving banking boss occupies a unique vantage point from which to share his insights on…
BBB Ep 37 - Market holding above 200 day MA (just); Fed Minutes; Bad Chinese news for Naspers on Tencent, Food Delivery; Sibanye smacked despite Rand ..
Stock market technical analysts are fixated with the 200-day Moving Average which they say provides either support (in a Bull Market) or resistance (Bear) for share prices going forward. After the major US indices broke above this critical tend last week, declines in the past two days have brought the…
Joint opposition press briefing on holding Ramaphosa to account
Several opposition parties gathered in Johannesburg on Wednesday to outline their plans to hold President Cyril Ramaphosa to account for the allegations surrounding the Phala Phala theft matter. Reading the joint statement on behalf of opposition parties - excluding the Democratic Alliance, among others - EFF leader Julius Malema says…
The transition to electric vehicles: protecting SA's motor manufacturing industry and its exports
Bronwyn Nielsen speaks to Thabang Mahlangu, the automotive and TFL lead at Nedbank CIB, about South Africa's journey to mass electric vehicle adoption. the country's lack of policy and legislative frameworks to drive growth in the EV market, and how the adoption of EV could benefit SA in the future. Learn…
BBB Ep 36 - Oil again drops sharply because Russia beating sanctions; BHP profit boom highlights Anglo's coal blunder; WeWork 2.0; US retailers up, ho..
Russian oil is getting through to users despite Western sanctions, a reality that's starting to dawn on the market and analysts with Barclays yesterday joined Goldman Sachs in sharply dropping its oil price forecast. A record dividend declaration by BHP in its annual results released yesterday highlighted Anglo American's coal…
The UK still offers a fantastic hedge for retail property investors – Sable International with new partner API Global
Interest rates are going up in the UK and the property market growth in the retail sector has slowed down substantially. So is it still a good destination for South Africans wishing to hedge their investments against instability in South Africa? Migrant specialists, Sable International, say it is. Group international…
Govt customs duties’ 'indecision' costs fiscus billions - report
Extensive delays by the Minister of Trade, Industry and Competition, and the Minister of Finance to take final decisions in dozens of customs duty investigations have cost the fiscus at least R1.25bn in revenue. So believes Donald MacKay, CEO of XA Global Trade Advisors. He was speaking at the launch…
BBB Ep 35 - Oil price drops sharply as China admits economic woes; US market buoyancy continues; SA banks firm up; Rand weakens
The oil price dropped almost $4 a barrel overnight as the consequences of China's zero-Covid approach to the virus continued to knock its economy. While most of the world, including SA, is now tightening monetary policy to squeeze out higher inflation, China has the opposite problem and yesterday cut two…
FT's Rachman Review: Whatever happened to Mandela’s dream for South Africa?
Our partners at the Financial Times have a fantastic podcast episode that tracks the fortunes of President Cyril Ramaphosa since he took over the reins of power from embattled former head of state Jacob Zuma. While Ramaphosa’s 2017 Nasrec win at the ANC’s elective conference came with much fanfare about…
SA's top banking analyst on Absa after interim results: Shares still cheap; 50% upside in next two years
The new management team at Absa continue to impress SA's top banking analyst, Kokkie Kooyman of Denker Capital. The bank's interim results for the half year to end June positions Absa as 'the best of the rest' behind market leading FirstRand, about as impressive an accolade as CEO Arrie Rautenbach…
BBB Ep 34 - Shares rise for fourth week; Institutions driving Crypto; Telkom tussles; SA industrial shares winning
Wall Street is enjoying its best run in almost a year with share prices posting their fourth consecutive weekly rise, boosted by a strong session on Friday. Also in this episode of the BizNews Breakfast Briefing, bullion is back above $1 800 and the Rand continues to gather momentum. The…
‘I’m ready to be President’ - SA politics disruptor-in-chief Mmusi Maimane expects prominent role after 2024
However the chips fall during SA's watershed 2024 National Election, the founder of One South Africa Movement, a community-driven, activist organisation, expects to play a prominent role in the likely new ruling coalition. Perhaps even as the country's President. In this fascinating interview, Mmusi Maimane shares how he is helping,…
Ahead of the game by acquiring cheap spectrum and betting big on 5G, rain chairman Paul Harris believes merger with Telkom would close out unique trif..
With suitors for Telkom now rapidly emerging thick, rain chairman and co-founder Paul Harris visited the BizNews studio to offer the elevator pitch for a merger of his speedboat with the supertanker. Of all the bidders, Harris alone is not in uncharted waters. In 1998, Harris together with partners Laurie…
Israeli water experts in SA - politics be dammed (pun intended)
A team of Israeli water experts is in South Africa to meet various municipalities, hoping to share world-leading technology that could help turn around the country’s ailing water infrastructure. South Africa is a water-stressed country with some bulk infrastructure as old as 80 years. Dr Clive Lipchin is heading the…
BBB Ep 33 - More good news on US inflation; MTN shares rocket on interims but it gets another suitor for Telkom; Peche exposes big fees at Big Three u..
The US stock markets took a breather overnight, shrugging off more good news on the inflation front where July's growth in the Producer Price Index dropped to its lowest since October 2021. The JSE had a good session yesterday, helped by strong interim numbers reported by MTN which led the…
Looking to the gut for alternatives to antidepressants – Psychiatrist Ted Dinan
Depression and anxiety are mental illnesses that have become ubiquitous in modern society and their prevalence is on the rise. As is the widespread use of antidepressants and other psychiatric medication to combat the crippling symptoms which accompany them. Antidepressants, however, are in no way a panacea to depression. In…
DA's push for Phala Phala ad-hoc committee vs ATM's Sec 89 Committee - here's the difference
The DA remains adamant that an ad-hoc committee is the most appropriate and effective means through which to hold President Cyril Ramaphosa accountable for the allegations stemming from the Phala Phala robbery in February 2020. But in July this year, National Assembly Speaker Nosiviwe Mapisa-Nqakula denied their request, citing other…
Insider Sean Peche exposes SA's R320bn Balanced Funds ripoff: How Big Three unit trusts fleece savers
In this powerful expose' of a R320bn ripoff, straight-shooting financial insider Sean Peche says despite massive underperformance, SA's Big Three Balanced Fund unit trusts are harvesting billions every year from clients via management and 'performance' fees. The mushrooming of these funds into R100bn giants, is driven by marketing and profits,…
BBB Ep 32 - US inflation drops, pushes Nasdaq back into Bull Market; Bitcoin surges above $24k; Rand jumps again; Solid Nedbank growth, interim divi b..
A slight change to the BizNews Breakfast Briefing format on a day when the Nasdaq gained almost 3% to officially move the tech heavy index back into a Bull Market. Stimulus came from a US consumer price index for July that was lower than analysts had anticipated, suggesting peak inflation…