BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Themba Baloyi: only 36% of road cars insured, 5,000 lives lost since April
The Executive Director of Discovery Insure Themba Baloyi spoke to Tim Modise about the high fatality rates in South Africa. Over 5,000 lives have been lost on South African roads since April. Baloyi says taxis, who transport 65 per cent of road users, contribute 15% of the fatalities compared to…
Masterclass with Kenton Fine, founder, chairman of 45 000 employee Servest
Kenton Fine is the London-based executive chairman and founder of Servest, a R10bn turnover, 45 000 employee multinational group. In 1998, at the tender age of 29, Fine listed the company on the JSE - and four years later had to fight off a hostile takeover attack from Brian Joffe's…
The Credo Story: How SA-expat Roy Ettlinger built R35bn London-based group
Over the past month in London, I've sought out successful South Africans, those who left their homeland to test their skills in one of the biggest cities on earth. Most of them operate under the public radar, shying away from publicity, simply focusing on doing their best. Roy Ettlinger, co-founder…
Douw Steyn's UK business CEO - Disrupting insurance paves way for R6.5bn Mega City
Elon Musk, Mark Shuttleworth some of the well known South African entrepreneurs who've made waves globally. And they've been recognised for it as well. On the back of this the Biznews team has spent September in London searching for other success stories, and Alec's had some scintillating discussions off the…
Master retailer Sean Summers: Pick n Pay’s loss has been Steinhoff’s gain
After a couple of years in the oil business, a youthful Sean Summers was lining up a move into computers with IBM before fate intervened. A chance discussion with his parents’ dinner guests launched him into a career with Raymond Ackerman’s then embryonic Pick n Pay, a journey which ended…
Antjie Krog: Apartheid compensation - Nationalise land to fast-track redistribution
Author and poet Antjie Krog tells Tim Modise that the attitude of forgiveness by Black to the White community following the demise of apartheid was not properly compensated for. She says the Truth and Reconciliation process missed an opportunity to determine what the apartheid compensation should be. She says South…
Most new businesses fail: Annie McWalter - avoiding the pitfalls
Most new businesses fail - and that's just as true in the United States as it is in South Africa. The difference is that in the US, failure is not regarded as something to be ashamed of. That may be slowly changing in South Africa. What is clear is that…
Bernard Kantor: The Investec story - a long way from Mooi St to St Paul's
Here's an interview I've wanted to do for some years. It has been a privilege to have a front row seat to Investec's development, watching it develop into a multinational powerhouse from a tiny start 35 years ago. Co-founder Bernard Kantor works in the block the group's offices occupy near…
Vavi on SA: 'A kleptocracy led by thieves' - corruption cost R700b in 20yrs
Zwelinzima Vavi tells Tim Modise that corruption poses the biggest threat to South Africa’s democracy. In a scathing interview, Vavi says the current rate of corruption and the disregard for the Public Protector’s findings on Nkandla show that South Africa is on a march to ‘kleptocracy led by thieves’. He…
The Capitalist Crusader - Herman Mashaba going legal on Labour Laws
Prominent businessman Herman Mashaba says South Africa should do away with race based transformation to allow the economy to grow. Mashaba argues that the country should pursue free market policies to create opportunities for the majority of black South Africans. He says the current policies pursued by the government promote…
Obed Bapela on Dual Citizenship, ‘Imperialism’ & why the ANC's not naive
Obed Bapela, Deputy Minister in the SA Presidency tells Tim Modise that Israel is an apartheid state that oppresses the Palestinians. He says this is why South Africa discourages dual citizenship of the local Jewish community. Bapela says the ANC is opposed to the imperialist agenda of the US and…
What is credit as an asset class?
The South African credit market is a growing and vibrant part of the resource allocation process within asset management as well as private and governmental funding. More and more entities are looking for funding which requires a level of expertise on the part of the funder to assess the potential…
South African Infrastructure Spend - who drives the process?
Infrastructure spend can be a big driver of economic development and growth in any country. Most emerging markets have understood the importance of this driver and have used it to their advantage in recent times. South Africa, however is sadly lacking which is a frustrating situation to be as we…
Rick Samans, World Economic Forum
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Leslie Maasdorp: Chinese market slump won’t influence BRICS bank commitment
Leslie Maasdorp says the recent developments in Chinese financial markets will not affect their commitment to the BRICS Bank. He says China may reduce investments in the emerging economies. Maasdorp tells Tim Modise that other BRICS members are going through a variety of economic challenges, and China remains the main…
Wikus Furstenberg: Global equity market volatility MEETS the SA bond market - Buy
No one is surprised at the current global equity market volatility and some might even argue that a contraction was always on the cards as valuations had become stretched while supporting economic data was looking less than commensurate. Traditionally at times like these, fixed interest assets become a safe haven…
The Bidvest story with Brian Joffe
One of South Africa's great entrepreneurs, Brian Joffe, tells the story of his Bidvest from its 1988 founding to the R200bn, 145 000 employee multinational group it has become. Joffe shares what he has learnt from operating in the global arena, making acquisitions and teaching his colleagues about business. Some…
Blade Nzimande criticises Business - too greedy
SACP General Secretary Blade Nzimande tells Tim Modise that some high profile politicians in the ANC are promoting factionalism by buying votes of delegates to conferences. He also criticizes business for being greedy and uncaring during this difficult economic time. He says South Africa must intensify industrialization through beneficiation of…
Unpacking US market's wild ride this week: Value offered, value grabbed
Ginsglobal Index Funds MD, California-based Anthony Ginsberg, talks to Biznews.com's Alec Hogg about a week in which US equities rebounded strongly after being hit by the Chinese stock market meltdown. It was a week in which some US Blue Chips were briefly available at bargain prices - but if you…
Who wants to be a millionaire, erm, entrepreneur? Here's your User's Guide.
Are entrepreneurs born or made? How do you recognise a true entrepreneur? What is the best strategy for those wanting to start their own business? Who should they approach for money? What is a bank looking for before lending to them? Mercantile Bank CEO Karl Kumbier has invested his career…