BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
'Bleeding' Road Accident Fund moves to gag audit release
In early February this year, the Road Accident Fund (RAF) went to court on an urgent basis seeking to interdict the Auditor General's office from publishing its audit findings in Parliament. The AG is opposing this in the North Gauteng High Court in Pretoria. Besides disputes over just how bad…
AltVest Unpacked - Six weeks to a CTSE listing that will democratise private equity into R50 investment chunks
An ambitious plan to democratise private equity for both investors and capital-seeking companies is in the final straight. After a year's intense focus, AltVest is getting ready to list in the Cape Town Stock Exchange in six weeks. The new company will function like a private equity ETF with Economic…
Authenticity personified - VIP Bodyguard Rory Steyn on Nelson Mandela, the man he protected for five years.
Among the innovations at the third BizNews Conference (BNC#3) are informal "nightcap" conversations - one featuring Rory Steyn, who spent five years as the head of Nelson Mandela's security detail. In this appetiser, Steyn shares his thoughts on South Africa's most famous president, shares a constant observer's insights into the…
Sean Peche slams Naspers/Prosus management, a voice for South African savers
A voice for South African savers, UK-based fund manager Sean Peche has had enough of the brutal value destruction taking place at JSE index heavyweights Naspers and Prosus. He has no emotional attachment or position in either company, however, he believes South African savers are being done a terrible injustice. Naspers…
Repurposing plastic bags to put bread on Houtbay tables - Regine le Roux from Re.Use.Re.Bag
We live an era where science and facts are being questioned but if there is one issue that we probably all agree on is that plastic pollution is a problem, and that we urgently need to do something about it. In Hout Bay, the Seal Rescue Centre has to deal…
Money 101 with Jane Dutton - offshore investing on the app
With the volatility in the US markets, we could probably all afford to snap up shares even with our measly currency. But how do you get money offshore quickly and safely? We put that question and so many more to a man who spends much of his day perfecting the…
Athol, Erin & Appel: How undue legal privilege shielded Bain
In this roundtable discussion with Adv Erin Richards and Bain whistle-blower Athol Williams, the actions of Bain's lawyers Baker McKenzie are in question. Did the global legal heavyweight justifiably shield its client from scrutiny, or criminal prosecution, by invoking legal privilege? All this while also being tasked with "independently" and…
JSE 25-bagger in 18 months: CEO Kobus Verster shares back story to Arcelor Mittal's massive turnaround
In mid-2020, Arcelor Mittal SA was on the ropes, with critics predicting it was only a matter of weeks before the long-time loss-making company hit the wall. But in little over 18 months the world has changed for AMSA. Laregely due to CEO Kobus Verster's turnaround strategy, which has paid…
Christo Wiese wins back dollar billionaire status
*Shoprite founder and one of South Africa’s most revered businessmen, Christo Wiese, has won back billionaire status (in dollar terms). The increase in Wiese’s wealth has been driven largely by his investment in the food retail business he started, Shoprite, which has become the country’s standout retail performer. Wiese’s 10.67% stake in…
BPH: The happier side of Magnus Heystek; How the Gupta's hijacked Denel; Space science milestone for SA
In this episode of the BizNews Power Hour, editor Alec Hogg speaks to Brenthurst Wealth Management founder Magnus Heystek about his warning that "the easy money" has been made. Heystek shares what he has personally been doing recently - converting Rand into hard currency to invest in beaten down US…
Flash Briefing: State of disaster's ALLEGED final extension; Ramaphosa responds to SCOPA; Emails show Jooste was part of 'fraudulent scheme'
In today's headlines:*President Cyril Ramaphosa’s cabinet has extended South Africa’s national state of disaster, but says that work is now being done to bring it to a close next month.*President Cyril Ramaphosa told Parliament's finance watchdog, the Standing Committee on Public Accounts (Scopa) that he relied on public information when…
How the Gupta's hijacked arms manufacturer Denel
State arms manufacturer Denel went from a financial position of hundreds of millions in profit, a mere seven years ago, to technically insolvent today. It can't pay staff and its electricity was recently disconnected by the Tshwane municipality for being R2.4m in arrears. What helped push this state-owned entity to…
The other (happier) side of Heystek's property journey - and why he's now taking money offshore to buy US shares
While warning that "the easy money" has been made, independent financial advisor Magnus Heystek shares what he has personally been doing recently - converting Rand into hard currency to invest in beaten down US stocks. In this fascinating podcast with BizNews founder Alec Hogg, he also revisits his property journey,…
Emotion costs South Africans on cross border investments - Andrew Rissik
According to the latest estimate by Rand Merchant Bank, 23,000 people leave South Africa each year but that figure is probably a lot higher as many leavers do not become part of official statistics. The push factors are well-known in South Africa; crime, corruption and rolling blackouts, but the violence…
News headlines: Expert panel fingers Ramaphosa for failure to control ANC, corruption; SONA; JSC recommends Mandisa Maya for chief justice
News headlines:*A panel of experts says that president Cyril Ramaphosa has effectively failed to control the ANC and the party’s mechanisms which enable corruption.*President Ramaphosa will deliver his latest State of the Nation Address tonight at 19h00. *The Judicial Service Commission (JSC) has sent President Cyril Ramaphosa its report in which…
The trillion rand property collapse 2.0 - Magnus Heystek's R500k+ Hartbeespoort mistake
Brenthurst Wealth Management founder Magnus Heystek tells the sad tale that is the South African property collapse. The investment strategist – who has successfully called thematic trends in the global capital markets for the better part of the last decade – tells a sombre story of his own property investment…
From the Cape to the Berg on a solar powered e-bike - Andrew Goodhead on his upcoming trip to BNC#3
BizNews tribe member Andrew Goodhead is travelling to the upcoming BizNews Conference in the Drakensberg by riding all the way from Cape Town on his solar powered e-bike. BizNews founder Alec Hogg caught up with Goodhead to find out more about this adventure. Learn more about your ad choices. Visit…
BPH: ActionSA hooks another big DA fish; Magnus Heystek on SA's property market slump; News in a nutshell with Namibia
On this episode of the BizNews Power Hour, Editor Alec Hogg has an in-depth interview with the President of ActionSA Herman Mashaba following news the former DA Federal Chair Athol Trollip has joined their ranks; Brenthurst Wealth Management’s Magus Heystek discusses the terrible slump the property market has found itself…
Herman Mashaba welcomes another DA heavyweight as ActionSA gets ready for 2024
In this podcast, ActionSA founder and leader Herman Mashaba explains why the attraction of former DA heavyweight Athol Trollip is such a coup for his party. The news created a stir in the Eastern Cape where the popular Trollip will lead ActionSA's 2024 election charge. Mashaba also addresses apparent ructions…
BPH: Bain's shady meeting plans exposed; Andrew Goodhead's epic 1500km cycle to BNC#3; Mulling a 4-day workweek
In this episode of the BizNews Power Hour, Michael Appel sits down with Adv. Erin Richards to discuss what informed her latest op-ed piece detailing tainted consultancy firm Bain's mingling in potential arms procurement matters; BizNews loyalist Andrew Goodhead chats to Alec Hogg about his remarkable decision to arrive at…