BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
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…
News headlines: Basic income grant pitts Ramaphosa against Godongwana; Mpofu, Malema misconduct; Trollip joins ActionSA
News headlines:*Politics and economics are set to collide over welfare payments in the world’s most unequal nation. *The Pretoria Society of Advocates is calling for the removal of advocate Dali Mpofu from the Judicial Service Commission. *Former DA mayor in Nelson Mandela Bay, Athol Trollip, has joined ActionSA and wants to grow…
Adv Erin Richards raises the alarm about Bain's involvement in bizarre SAPS/Beretta meeting
Adv Erin Richards dissects what inferences can be drawn from a bizarre chain of emails Bain's SA partner Vittoria Massone wrote to Italian arms manufacturer Beretta in September 2015. It details Bain's involvement in preparations for a meeting between then Police Minister Nathi Nhleko, Hawks head Berning Ntlemeza, a host…
BPH: Lord Peter Hain taking fight to Bain; analysing Zondo's Transnet report; EU tech regulations a concern for US
In this episode of the BizNews Power Hour, editor Alec Hogg has a cracker of an interview with Lord Peter Hain who's lobbying to have controversial consultancy firm Bain & Co stopped from doing business with the UK and other governments; Michael Appel talks all things state capture and Transnet…
Analysis: Paying for the Gupta's greed...a Transnet tale
In this extensive interview with Institute for Global Dialogue political analyst Sanusha Naidu, we delve into the overall picture emerging out of Zondo's latest report. It's one of unconstrained theft at Transnet totally over R41bn. Naidu discusses the political implications for a "vulnerable" President Cyril Ramaphosa as pressure mounts for…
Lord Peter Hain opens UK battlefront against multinational Bain as retribution for State Capture intensifies
South African-born Peter Hain, a former UK cabinet minister and now member of the House of Lords, is upping the pressure on global consultancy Bain & Co. A mountain of evidence presented to South Africa's Zondo Commission into State Capture paints Bain as a major facilitator of looting. Lord Hain…
'Eye-watering and systematic looting at Transnet' - DA's Ghaleb Cachalia
The Gupta family and their cronies were able to steal at least R41.2bn from their dealings with Transnet. DA Shadow Minister of Public Enterprises Ghaleb Cachalia reflects on the grand-scale looting exposed at the state-owned entity in Zondo's second report. Learn more about your ad choices. Visit megaphone.fm/adchoices
Beating Buffett: CEO David Hurwitz shares the four key ingredients of top stock Transaction Capital's secret sauce
Since David Hurwitz took over as CEO in 2014, Transaction Capital's share price has delivered compound annual growth of 24.2% for shareholders. Even more if you include the healthy dividend stream. This in-depth podcast with BizNews editor Alec Hogg seeks the secret sauce driving one of SA's top performing companies…