BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Tesla vs NIO and the battle for world's biggest EV market, China - insights
NIO has been on the radar of investors after its rival Tesla soared in value in 2020. A graph from stockbroker De Giro shows that, after GameStop, Nio was among the most popular stocks traded across Europe in January. Nio - which is taking on Tesla in China, the world’s…
Flash Briefing: SA virus 'major threat' to UK - warnings; Minimum wage increases will cull more jobs - DA; US stocks
* The South African coronavirus variant is the single biggest threat facing the UK, the Labour leader has said, amid growing calls for the country to tighten its defences against new variants, reports the Guardian. * Health Minister Dr Zweli Mkhize revealed that South Africa recorded 1,376 new COVID-19 cases…
Every SA should be VERY worried about land expropriation: Insights from land grabs elsewhere in Africa - Dawn Ridler
The ANC's plan to push through legislation that will allow the government to expropriate land and then rent it out to the previously disadvantaged should make every South African worried. Kerenga Wealth Ecology founder Dawn Ridler, an independent financial advisor in Johannesburg, shares her experiences of living in Kenya, Rwanda…
Stressed? A personal health coach can help you cope
Scientists have warned that more of us are feeling stressed, with Covid-19 containment measures wiping out businesses, incomes and forcing big changes to our lifestyles. In this interview health, health coach Dr Kate Couchman shares her seven main steps to guiding people out of a stressed state. The KZN practitioner…
Carrie's Corner: Vilafonte Vineyards - creating real brands in a world of a million labels.
Anybody who knows about the SA wine industry knows Mike Ratcliffe. The son of Norma Ratcliffe - a pioneer of winemaking women in South Africa and founder of Warwick Wine Estate - Michael launched his own brand, Vilafonte, twenty years ago. Fine wine critic Carrie Adams sits down with Ratcliffe,…
Stock market trading wars: Dad vs teenager - who gets the better returns, in Reddit-inspired era?
Like a lot of parents these days, Cameron Crise is dealing with a teenager at home who wants to get into day-trading and reap the type of windfalls boasted about by the WallStreetBets crowd. Crise, a former hedge-fund trader and now a columnist for Bloomberg, had a novel way of…
Cape Town luxury property: Sellers under financial pressure, buyers looking for value on Atlantic Seaboard
Cape Town’s Atlantic Seaboard is home to many of South Africa’s wealthiest residents - and it has been a magnet to well-heeled investors from Africa and elsewhere. Some agents say that there has been a notable uptick in demand, especially from European Countries. But Lance Cohen, a specialist in the…
Bitcoin smashes through record $44,000 after Tesla buys $1.5bn, says cars might soon be sold for crypto currencies
South Africa born tech entrepreneur Elon Musk has been promoting cryptocurrencies Bitcoin and Dogecoin. Is he serious about digital currencies or is the world's richest man simply having fun manipulating prices - just as he has stocks via his Tweets? Here's an assessment of latest developments, from BizNews partners at…
Flash Briefing: Tesla, Musk power up Bitcoin; Nedbank profited from state capture; SA changes Covid vaccine plans; Rand
* Elon Musk and Tesla have powered up cryptocurrency values, with Tesla revealing a US$1.5bn stake in Bitcoin. * Nedbank profited out of state capture, paying a Gupta-linked entity R95m to suck up work from state entities, a crack team of investigative journalists has revealed. * Telkom's revenues have improved,…
Flash Briefing: SA Covid variant threatens global recovery; Zuma, Malema - storm in tea cup? Africa GDP shrinks; rand
* The South African Covid-19 variant could threaten the global recovery, warns Bloomberg as a Wits trial fails to demonstrate the AstraZeneca vaccine's efficacy against serious illness. * In a carefully calculated event designed to generate maximum publicity, corruption-tainted former president Jacob Zuma and EFF leader Julius Malema had a…
Catholic Church puts assets out of reach of sex abuse claimants
For most of the 20th century, the Catholic Church in the US minimised the damage wrought by paedophile priests by covering up the abuse, reports Bloomberg. Cover-ups worked when victims and their families could be intimidated or shamed into silence. But in the 1980s and ’90s, victims started filing civil…
Short-seller Carson Block on the other side of the Reddit, GameStop trading frenzy
Recently day traders organising themselves on social media website Reddit united to drive up the shares of video-game store GameStop by around 400%. Short-sellers were estimated to have lost about $19bn on GameStop. Carson Block is a short-seller, investor and the founder of Muddy Waters Research speaks to BizNews partner…
Does SA have any good asset managers? Here’s why their investment performance is so dismal - Magnus Heystek
Investments in South African funds have been very disappointing, all the more so when you compare performance with similar opportunities elsewhere in the world. BizNews editor at large Jackie Cameron asks: Has SA lost its rock star fund managers? Why can’t they deliver returns that grow your wealth? In this…
Taking stock: Wrap of JSE shares - Curro, Sasol, Sibanye Stillwater, Distell
In this Friday's episode of Taking Stock, BizNews financial journalist Justin Rowe-Roberts provides the key highlights on: * Education provider Curro - which has seen parents take their children out of private schools as they battle after Covid containment measures have knocked the economy; * Sasol, which has risen on…
Inside Covid-19: Life may only return to normal in 7 years; long Covid and your sense of smell; travel outlook
Around 65% of people with coronavirus lose their sense of smell and taste and it's estimated that about 10% of those go on to develop rare conditions that create havoc. Parosmia means you can find human waste smells like food and vice versa. So what causes parosmia? We spoke to…
Wirecard scandal: Inside story of how bosses of payments company pulled off biggest bank robbery in Germany's history
Bosses at South African multinational Steinhoff built an elaborate web of transactions to fool investors, but it eventually started to unravel in 2017. There are parallels in the Steinhoff story with the Wirecard scandal. Behind one of the largest companies listed on Germany's Dax lay an elaborate scheme of fake…
Flash Briefing: Investors lose their shirts in crypto deals, warns FSCA; gas power for Gauteng; Sasol; Sappi
* The regulatory Financial Sector Conduct Authority has warned that it has a received a large number of calls from South Africans who have lost huge sums in crypto investments and scams packaged as crypto assets. * Gas powered electricity is coming soon to Gauteng, says Africa infrastructure investor Harith…
Sars is on a fishing expedition looking for YOUR crypto profits - here's the tax lowdown on Bitcoin
The South African Revenue Service (Sars) has been sniffing around taxpayers for undeclared profits from trading in cryptocurrencies. This comes as SA gets set to regulate Bitcoin and other digital currencies. But, as expert Thomas Lobban of Tax Consulting South Africa underscores: you should have been declaring your trades ever…
OrbVest CEO targets 10 new medical properties in 2021 as strong rand enhances investor appeal
OrbVest has grown from the personal property investment portfolio of three successful SA entrepreneurs into a $300m business owning 30 medical blocks in the US. In this podcast, CEO Martin Freeman explains why the company has been one of the few winners from Covid-19, tells us there's only one project…
Amazon change of guard: Insights on Jeff Bezos, Andy Jassy from a former AMZN insider
Amazon shareholders are celebrating a smashing final quarter of 2021 after the group reported an astonishing 44% surge in revenues this week, says BizNews Founder Alec Hogg in his daily email exclusive to BizNews Premium subscribers. He says some Amazon co-owners may be concerned that founder Jeff Bezos is handing over…