In the mid-term Budget Finance Minister Tito Mboweni dropped a silent but violent bombshell. The 30% cap on the foreign component of retirement funding has effectively been lifted - if they wish South Africans can now effectively invest 100% of their savings in foreign assets. In the light of continued…
*The BLA has settled its spat with Malema over his choice of lawyer. *The University of Witwatersrand study says Covid-19 deaths are under reported. *SA's fibre network has received an investment boost. *Telkom's Sipho Maseko speaks candidly about the SOE's past. *President Cyril Ramaphosa emphasises the importance of investing in…
The nationwide lockdown, which brought several industries to a standstill, forced three South African women to leave their comfort zones in order to make ends meet. BizNews journalist Claire Badenhorst spoke to Clare Tennant, Jana Aspeling and Claire King to find out how they launched successful businesses in a poor…
Paul O’Sullivan is an Irish-born crime fighter with the corrupt and the captured in his line of sight, refusing to rest until he sees them behind bars. Recently, he released an open letter to former SAA chairperson Dudu Myeni – who has featured prominently at the Zondo commission into state…
* Oil markets may be cheering the prospects of a coronavirus vaccine, but OPEC+ can’t celebrate. * Vodacom reinstated growth targets based on an expected economic recovery from the Covid-19 crisis in 2022. * The Ahmed Kathrada Foundation says Jacob Zuma is grasping at straws in an effort to play…
In a recent episode of Inside Investing, BizNews founder Alec Hogg spoke with Robert Paddock, chief executive of the Valenture Institute. Paddock told BizNews about the newly formed partnership with St Stithians, the prestigious school situated in Johannesburg. This new alliance will allow students to enjoy the benefits of a…
- The court appearance of ANC secretary general Ace Magashule, the highest profile politician arrested in connection with state capture on Friday has been viewed favourably overseas. - Former President Jacob Zuma last ditch effort to avoid re-appearing before the Zondo Commision of inquiry into state capture will be heard…
Discovery Health's head of Clinical Policy, Dr Noluthando Nematswerani tells BizNews how Discovery is helping it's members prepare for the arrival of the Covid-19 vaccine in South Africa. Nematswerani says experts expect the vaccine to arrive by at least mid 2021. Learn more about your ad choices. Visit megaphone.fm/adchoices
In today's business headlines: • South Africa’s official unemployment rate has risen to 30.8% returning to a 17-year high in the third quarter. • European businesses have indicated that they are delaying investment in South Africa because of poor power and water supply and the costs of complying with Black…
In episode nine of the Inside Investing podcast, an assessment of what the new US president will mean for South African investors; we hear from Gerrie Fourie, CEO of SA banking’s success story called Capitec; get the back story to news that Johannesburg’s famous St Stithians is to partner with…
In this episode of inside Covid-19, we have special interviews for you with medical experts of global standing. First up, we speak to Dr Jay Bhattacharya, a professor of medicine at Stanford University. Dr Bhattacharya is one of the driving forces behind the Great Barrington Declaration, which calls for a…
President Cyril Ramaphosa has outlined a sharp rise in Covid-19 cases in the Eastern Cape and pockets of the Western Cape. He hinted that tougher restrictions would have to be implemented if we don't start wearing masks and encourage employees and friends to download the tracing app. But, he eased…
* The ANC is making an exception for its secretary general Ace Magashule - who does not have to step down even though a warrant has been issued for his arrest in connection with corruption. * The Pfizer vaccine will get to rich people in the urban areas of rich…
An arrest warrant has been issued for former Free State Premier and current ANC secretary-general Ace Magashule. Arrests surrounding the R255-million asbestos scandal were made just last month, with corruption-accused businessman Edwin Sodi arrested for his alleged involvement in the procurement of government funds. Since 2015, DA representative Leona Kleynhans…
* An arrest warrant has been issued for Ace Magashule, one of the ANC’s top-ranking officials. * Magashule’s arrest comes as evidence at the Zondo commission of inquiry continues to highlight industrial scale corruption at state entities, with the son of Jacob Zuma, Duduzane, and the Gupta family in the…
* US markets rallied after a vaccine developed by Pfizer Inc. and partner BioNTech SE proved better than expected at protecting people from Covid-19. * South African government is considering reimposing several curbs aimed at containing the coronavirus pandemic as fears mount about a second wave of infections. * The pandemic’s resurgence is posing a…
* New airline Lift is set to open its website for bookings this week, as Kulula switches on its ticket sales again as it emerges from Comair's business rescue and Discovery Vitality takes steps to boost the sector and reward its members. * Regular BizNews stock market commentator David Shapiro…
On a December night in Midrand, months before the Coronavirus pandemic would disrupt the lives of every living human being on the planet, Jerusalema was created by Master KG and gospel singer, Nomcebo Zikode. Little did they know that the song and the dance moves created with it, would bring…
In this episode of Inside Covid-19, we have exciting news from our sponsors at Discovery, with the Discovery Vitality programme announcing measures that will provide a much-needed boost to the tourism, travel and hospitality sectors - and will also lift the spirits of people who have been looking forward to…
In today's business headlines: - Emerging-market stocks climbed to the highest level in more than two years and most other currencies have strengthened as Democrat Joe Biden is moving closer to victory in the US presidential election. “Trump’s defeat is good for emerging markets." - The Rand has made major…
5 Nov 2020 9AM
3 min
4160 – 4180
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