BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Numsa investment co. plans to bring drugs from India, Russia to fight Covid-19 - Tim Modise interviews Khandani Msibi
In this interview with broadcaster Tim Modise, Khandani Msibi, CEO of Numsa Investment Company, talks about 3sixtyBiomedicine’s offering hope in fighting Covid19 by bringing Covid19 therapies Remdesevir from India and from Russia Avifavir to South Africa. He says the medications are likely to be made available in the country in…
Steinhoff: Why Markus Jooste still roams free - NPA boss
In 2017, an accounting scandal erupted at South African multinational Steinhoff. The German authorities uncovered a number of financial irregularities - and Steinhoff CEO Markus Jooste jumped ship. Steinhoff's demise meant that a number of wealthy investors, including billionaire Christo Wiese, have felt the devastating effects of its share price…
CR cracks his corruption whip as Covid-19 fraud mushrooms; MTN; Zim; Rand
In today's news headlines: * President Cyril Ramaphosa has unveiled yet another raft of plans to deal with the corrupt and the captured, including detailed reporting on which companies have been approved to supply Covid-19 services. * SA's prosecuting authorities have provided granular detail on how the country is tackling…
Unpacking the scale of Covid-19 corruption: Over 167 cases in Gauteng alone - SIU
Corruption allegations surrounding Covid-19 contracts have been a hot topic, especially since the president has promised that he will now be 'clamping down' on those who cross the line. In particular, SA is dealing with corruption cases surrounding the purchasing and supply of PPE, which puts frontline workers at risk…
Afrika Tikkun's Marc Lubner on dire effects of Covid: 'There are going to be food riots'
Afrika Tikkun has played a very special role in looking after the poorest of our nation. Over the 25 years it's been around, the non-profit has put systems in place to ensure their funding goes as far as it can. One thing they can guarantee is efficient delivery, says CEO…
Magda Wierzycka: 80% probability for Oxford Covid-19 vaccine availability by September
Magda Wierzycka, co-founder of disruptive fintech Sygnia, expresses gratitude that SA is unable to borrow more offshore as that would send the country to a sovereign default within five years. The outspoken actuary, economist and businesswoman also updates us on the status of the Oxford University Covid-19 vaccine. Learn more…
How gym visits and good driving channelled R2m to Covid-19 relief
Discovery Vitality's MoveToGive is an initiative where scheme members donate their active rewards to selected charities. In the four years since its inception, MoveToGive has donated to a number of causes, including giving over R370,000 to help people affected by the Knysna fires and donating over 42,000 sanitary packs to help…
9,000 Covid-19 deaths; vaccine in 2021 - Gates; alcohol ban kills property projects; ANC 'embarrassed' by corruption
In today's news headlines: * The global death toll from Covid-19 has surpassed 700,000, data from Johns Hopkins University shows. * Bill Gates, The Microsoft Corporation founder and philanthropist said in an interview that while the US leads in research, “we’ve only taken care of ourselves” in producing and procuring a vaccine…
Inside Covid-19: Desperation grows in hungry townships, but there is a way out; Guard of Honour for nurses. Ep 69
In episode 69 of Inside Covid-19, worrying feedback on growing hunger in SA’s townships but with solid suggestions on how collaboration CAN overcome the unprecedented challenges; we hear from a hospital in Alberton where doctors and members of the community show their gratitude by forming a guard of honour when…
Yusuf Abramjee on cigarette ban: Instead of running to IMF, govt should stop R4bn illicit trade
Yusuf Abramjee, the founder of Tax Justice South Africa, has filed an affidavit in the Western Cape High Court in support of a bid by British American Tobacco (BATSA) to overturn the four-month-old cigarette ban. The economy has already lost over R4bn in indirect taxes, and thousands of people have…
Inside Covid-19: Complacency now the danger as pandemic's worst is behind SA; Tax Justice; Magda Wierzycka. Ep 68
In episode 68 of Inside Covid-19, a rational perspective on the plateauing of coronavirus infections cases in South Africa from Discovery Health CEO Dr Ryan Noach with a warning that although we've peaked, complacency will be costly; Yusuf Abramjee, founder of Tax Justice SA, shares a compelling argument on the…
Booze ban costs 84,000 more jobs, hammers Pick n Pay; Denel has no cash to pay salaries; bond investors look at Europe
In today's news headlines: * The sector has already cut 118,000 jobs and projections show that a nine-week booze ban now will cost another 84,000. * The alcohol prohibition has hammered Pick n Pay. * State-owned Denel faces a liquidity crisis, with a court ordering it to pay workers outstanding…
PANDA's Nick Hudson tells Alec Hogg: lockdown to save lives is a joke, the curve just does what the curve will do
Nick Hudson, the coordinator of Pandemic Data and Analytics (PANDA), a multidisciplinary initiative, has for some months now described the South African government’s mantra that the lockdown saves lives and that it is lives versus the economy to be a false dichotomy. In this fascinating excerpt from Monday’s Rational Radio…
Eskom in court to recover R3.8bn; CR on PPE ‘scavengers’; SAB cans R2.5bn upgrades; Choppies; Shoprite
In today’s business news headlines: * Eskom and the Special Investigating Unit have issued a summons in the North Gauteng High Court in Pretoria against former executives and board members, seeking to recover about R3.8bn ($220m) that it alleges was diverted illegally; * President Cyril Ramaphosa has vowed to deal…
Inside Covid-19: "Peaked" argument gathers momentum; Rationality on IMF loan; Where 2m distancing comes from. Ep 67
In episode 67 of Inside Covid-19, we take a closer look at Vitality’s successful crowdfunding approach to helping the nation fight the coronavirus; there’s a rational perspective on South Africa’s hotly debated R71bn pandemic-related loan from the IMF; we hear from the independent actuaries and professionals group PANDA on why…
David Shapiro: Apple conquers China; share price up by 10%
In China, iPhone sales surged from February as the market started recovering from the supply and demand shocks caused by the onset of Covid-19. Apple sold 3.9 million iPhones in April alone, a 160% increase from March. On Friday 31 July, Apple's share price jumped up by 10% in a…
How Tesla became the most valuable car manufacturer in the world – Wall Street Journal
Tesla has captivated investors on Wall Street. It has become the most valuable auto company in the world, surpassing Toyota and claiming a market cap of over $190bn before continuing its climb. The Wall Street Journal looks at its soaring stock. Learn more about your ad choices. Visit megaphone.fm/adchoices
Who's dying from Covid-19 and how to ensure you don't join them
Gareth Friedlander, deputy CEO of Discovery Life, and Dr Maritha van der Walt, Discovery Life's chief medical officer, discuss which individuals are more likely to suffer severe symptoms if infected with Covid-19 and offer helpful lifestyle advice to minimise your chances of falling into this category. - Nadya Swart Learn…
So you want to become a day trader? Tips on getting started, making money in the markets - Fred Razak
The number of day traders is on the rise, with people looking for new ways to make money or take charge of their own investments. In this interview with BizNews editor Jackie Cameron, trading specialist Fred Razak of CMTrading sets out how to get started and provides pointers on how…
CR defends booze ban, but Sars boss warns of huge tax losses; London Covid-19 alert; SA economy warning - OECD
In today's news headlines: * President Cyril Ramaphosa has defended the alcohol ban - even though it has emerged that the country has lost as much, if not more, in tax revenues as it has received in emergency Covid-19 funding. * Elsewhere there are concerns that the spread of Covid-19…