BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Ramaphosa victory over PP; Covid-19 - Harvard, top varsities go online; Italy shuts down; Assore leaps; Sasol sinks
In today's news headlines: * The Assore share price shot up more than 80% after the company, on the JSE since 1950, announced a share buy-back with a view to delisting the company; * Sasol continued plummeting, shedding more than 13% of its value on the JSE; * South Africa…
Asset management talent: Higher returns from newbies, than poached rock stars - Hlelo Giyose
Some of the highest paid employees are to be found in South Africa's asset management companies. The most talented investment professionals are routinely poached by competitors in a dog-eat-dog industry that sells the skills of its rock star fund managers. For Hlelo Giyose, Chief Investment Officer and Principal at First…
Chris Logan: Remember this simple plan to fix Eskom? Even Greenpeace thinks it's a winner
In 2018 energy experts Tobias Bischof-Niemz, of the CSIR, and Johan van den Berg, CEO of the South African Wind Energy Association, suggested "a simple way to stabilise electricity prices, cast off Eskom’s crippling debt and boost South Africa’s credit rating, while maintaining public sector control of critical assets in…
George Manyere tells Magnus Heystek: THIS is how Ecsponent will repay investors
Magnus Heystek is a household figure among South Africans with an interest in personal finance and investing. He has his name on a a string of personal finance books and has probed various investment scams over the years, ringing the alarm for the broader community. When he first encountered the…
Entrepreneur accelerator created 4,500 jobs in SA over two years - Alison Collier
There are many people with good or even genius ideas, but to transform that idea into a successful venture takes more than a couple of scribbles on a napkin. Even if one has built a prototype spaceship in their back yard, there's no guarantee that it will turn into a…
WSJ What's News: Oil, coronavirus fuel worldwide market selloff
The Dow falls more than 2,000 points, the biggest single day loss since 2008. The Wall Street Journal markets reporter Akane Otani explains the connection between Monday's steep oil price decline and the broad market selloff. WSJ's Alison Sider discusses the effect of coronavirus fears on the airline industry. JR…
Here's what coronavirus could cost SA travel, tourism, expert tells Alec Hogg
The coronavirus that erupted in Wuhan, China and has spread across the globe, most recently bringing Italy to a standstill, will hit South Africa hard. According to Jabulani Debedu, a consultant at BDO's tourism specialist unit, has tallied the costs of previous diseases that have knocked the tourism and travel…
Can De Ruyter rescue Eskom? Alec Hogg, Erik Smuts probe his Nampak performance
After a long search, André de Ruyter, former CEO of Nampak, was appointed as CEO of troubled power utility Eskom. His appointment came as a bit of a surprise. His name was whittled down from a list of more than 140 and he scored the top job at Eskom following…
JSE plunges; Covid-19, oil price war chase away global bulls; Eskom; Sasol; rand
In today's headlines: * South African stocks plunged to a more than four-year low on Monday, joining a global sell-off in riskier assets as oil prices collapsed more than 30%, hitting chemical and energy firm Sasol the hardest. It shed nearly 50% of its value; * US stocks extended losses…
Much ado, camel’s back or foxy unity – Clem Sunter flags three roads for coronavirus
The world appears to be more polarised with a general perception that political and value systems that we inherited after the Second World War are being eroded. With populists in power in many countries, including the United States of America, it does appear that the world is in crisis. All…
David Shapiro on the coronavirus panic portfolio - it's all about deep value
Financial intermediaries and stock brokers have been inundated with calls from anxious investors who have watched their investments rocketing back and forth amid panic around the fall-out from the spread of coronavirus. But, as respected South African stock market commentator David Shapiro points out: now is a good time to…
Rational Radio: New Nampak CEO; Ecsponent from two sides; Coronavirus scenarios; Sasol and more
A bumper lineup on this week's Rational Radio: * New Nampak CEO Erik Smuts; * SA's favourite market commentator David Shapiro on Sasol, Anglo, Pioneer and more; * Acting CEO George Manyere gives his side of the Ecsponent story; while Brenthurst Wealth's Magnus Heystek pokes a few holes; * First…
Three Covid-19 cases; No need for travel ban; Moody's lowers forecast; Mining preps for virus; Short notice blackouts
In today's news headlines: -The number of positive coronavirus cases in South Africa has risen to three, after the wife of the Kwazulu-Natal man who was the first case of the disease in South Africa, also tested positive. A second case in Gauteng is also linked to the couple. Health…
Coronavirus fact vs. fiction – should we blame open borders?
There’s a lot of misinformation out there about the coronavirus. In this podcast, which features content from The Wall Street Journal What’s News podcast, Felicity Duncan separates fact from fiction, and takes a look at what we know for sure so far. The episode also addresses the question of open…
Cyril Ramaphosa warns about coronavirus effect on the economy
President Cyril Ramaphosa has warned that the outbreak of the coronavirus in South Africa will hurt tourism and the economy. He was speaking to journalists at the Waterkloof Airforce base in Pretoria after it was announced that a South African from Kwazulu-Natal, who returned from a trip to Italy, had…
CR on coronavirus: Don’t panic; Eskom targets Trillian; current-account deficit; Old Mutual, Rand
In today's business headlines: - President Cyril Ramaphosa urges the country not to panic as the first case of the coronavirus was identified in a man from Kwazulu-Natal who returned from a trip in Italy. Minister Zweli Mkhize outlined the steps the government is taking to limit the outbreak; -…
LISTEN: Health Minister Zweli Mkhize on steps SA is taking to contain coronavirus outbreak
A man in Kwazulu-Natal who had been travelling with a group of people to Italy is the first case in South Africa that has been tested positive for the coronavirus. Addressing Parliament this afternoon, Health Minister Zweli Mkhize said a tracer team has been deployed to the province with epidemiologists…
WSJ Tech News Briefing: Google's 'Project Nightingale' plus tips for working from home
In November, The Wall Street Journal uncovered Google's 'Project Nightingale', the company's secret partnership with healthcare giant Ascension. Now, months later, Google has been evading senators' requests for more information about the project. Reporter Rob Copeland explains where things stand. Plus, personal tech columnist Joanna Stern shares tech tips for…
Rate cut unlikely; No SA coronavirus bans; Govt wants more domestic SAA routes; Nedbank pay freeze; Anglo/Sirius; Rand
In today's business headlines: - South Africa’s weak economic growth is due to unsustainable policies and monetary policy alone can’t fix that, Reserve Bank Governor Lesetja Kganyago said at a public lecture in Bloemfontein after calls for an interest rate cut; - The government is not considering a travel ban…
$10bn lost annually as illicit financial flows ride through South Africa - Rowden
South Africa is combatting a scourge of illicit financial flows out of the country. In 2015 former President Thabo Mbeki released a report in which he said that illicit financial outflows from South Africa far outstripped official development aid. Even Jacob Zuma raised the alarm about ‘the scourge of illicit…