BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Ramaphosa's new anti-corruption council 'a step in the right direction' - Corruption Watch
Karam Singh, Director of Corruption Watch, is well aware of the cynicism among South Africans when it comes to any anti-corruption initiative borne from the government - but he's optimistic the new National Anti-Corruption Advisory Council (NACAC) is fundamentally a progressive development. He told BizNews that the mere announcement of…
Transnet arrests: Brian Molefe, Anoj Singh and co. granted R50k bail
OUTA chief investigator on state capture Rudie Heyneke reacts to the arrests of former Transnet and Gupta-linked Regiments executives charged with contravention of the PFMA, fraud, corruption and money laundering. Former Transnet CEO Brian Molefe and the parastatal’s former finance head Anoj Singh were joined in the dock by Regiments…
Township is the next business frontier, not a place for charity – Yebo Fresh
The spaza shops, bakers and other retail outlets running their small business in townships have a heap of challenges. They close often to go and source products, carry cash and have no access to credit. Intrigued by these township markets, Jessica Boonstra, originally from the Netherlands, started her business, Yebo Fresh…
PBMR myths and facts - Eloff, Donaldson debate whether SA's R30bn nuclear power "Moonshot" can be resuscitated
With both supply and costs of electricity having changed dramatically for SA in the past few years, many are wondering it's time to dust off the blueprints of Eskom's groundbreaking Pebble Bed Modular Reactor nuclear power programme. Cancelled in 2010 due to affordability, the PBMR project had sucked in a…
Grindrocket delivers again - CEO Andrew Waller with back story to booming JSE stock, reckons there's more to come
Investors got the fireworks they expected from Grindrod in the half year to end June, and despite a share price that has already trebled this year - the market rewarded the stock with another price increase. In this interview, CEO Andrew Waller talks to Alec Hogg of BizNews about his…
Estimated 10% of GDP lost to Transnet inefficiencies; ARIA calls for private sector intervention
Transnet's latest annual report highlights net profits of R5bn - marking a significant turnaround from the R8bn in losses in the prior financial year - but the African Rail Industry Association (ARIA) says don't be fooled. ARIA CEO Mesela Nhlapo spoke to Michael Appel about the state of the country's…
BBB Ep 43 - Financial whistleblower Sean Peche "blown away" by reaction to expose'; Eloff, Donaldson revisit R30bn PBMR nuclear plan
In this episode of the Briefing, we're joined by financial whistleblower Sean Peche for reaction to his blockbuster expose' this week on Performance Fees being charged by most of SA's big money managers (a uniquely SA cost) - even when they lose clients money. Also, we revisit SA's nuclear power…
CrypTalk ep 6 - Tornado Cash sanctions, mixing services and how to keep and move your crypto safely
In this episode of CrypTalk, Ross Sinclair speaks to Gaurav Nair of Jaltech about the sanctions against Tornado Cash, a cryptocurrency mixing service which was designed for privacy, but was abused for money laundering by the North Koreans, which caused the Office of Foreign exchange control (OFAC) to crack down on…
‘Sound the alarm’ report - Corruption Watch on education corruption
Corruption Watch is raising the alarm about corruption in South Africa’s education sector, bringing together statistics collated from over 3,600 reports to the NGO over the last decade. Senior researcher Melusi Ncala - who wrote the report - spoke to Michael Appel about the overall picture that emerges from their…
Singing an alternative tune in volatile markets – Overberg Asset Management's Nick Downing
When markets are volatile, where would you normally invest if you are seeking lower volatility and higher income yields than equity markets? The traditional answer to that is government bonds. Founder and CEO of Overberg Asset Management, Nick Downing, says bonds are however no longer fulfilling their traditional role as…
BBB Episode 42 - Heystek on Peche Performance Fee bombshell; Elon gets a trump card vs Twitter; Richemont ties up with Portugal's Steve Jobs; Oil back..
Straight-speaking independent financial advisor Magnus Heystek joins as a special guest in this episode of the Briefing where much of the focus is on Sean Peche's bombshell expose' on the billions fleeced from SA savers through dubious unit trust Performance Fees. Heystek also weighs in on the possible knockout blow…
“It's not just carbon, it's climate and behavioural change” – Kevin Whitfield on Nedbank CIB’s carbon journey
Nedbank Corporate and Investment Banking (Nedbank CIB) has been diligently working on ambitious and rigorous goals towards a just energy transition, as evidenced by the Nedbank carbon journey series published on BizNews.com over the past couple of months. In this interview, Bronwyn Nielsen speaks to Kevin Whitfield, head of Africa…
Sean Peche drops nuclear bomb on SA Performance Fee rip-off, names Allan Gray, Coronation, Ninety-One.
After his recent expose’ on the massively underperforming, but big fee charging Balanced Fund unit trusts, Ranmore Funds founder Sean Peche has taken his attack on money management ripoffs to a new level. The highly qualified asset management insider (CA, CFA) describes results of a lengthy and thorough investigation into…
Meet inspirational Lisa Raleigh - SA's rebounding entrepreneur who is conquering her homeland, soon the UK and USA
Lisa Raleigh, whose ancestor introduced tobacco and potatoes to Western Europe, is breaking fresh ground of her own. The Wellness Guru who is half of an SA Power Couple, has taken her successful local rebounding-based business into the UK - with plans to soon follow Sir Walter's path to the…
BBB Ep 41 - Sasol CEO defends using Bain & Co; Oil surges as OPEC relooks production; Rand slumps, JSE's Resi stocks rise; Sceptics return to Wall Str..
This episode of the Briefing features Sasol's results - and its CEO's defence of a contract with Bain & Co (with Biznews's Michael Appel's response); a surge to just below $100 in the oil price; excellent day for resources shares on the JSE and reasons why sceptics are returning to…
Sasol’s comeback confirmed in FY22's numbers - 20-bagger does a Lazarus since despair of March 2020
Two years ago SA’s fuel-from-coal and chemicals champion Sasol was selling off assets to urgently raise cash - and preparing to ask shareholders for a $2bn bailout. Today the business is released financial results for the year to end June which reveal a business back in rude health, one that…
Arthur Fraser: A 'Zuma man' for all seasons
Arthur Fraser is in the headlines a lot these days - for two reasons specifically - he’s the former spy boss who granted former President Jacob Zuma his medical parole, and also the man who laid charges against Cyril Ramaphosa over the February 2020 Phala Phala theft saga. The fifth instalment of…
BBB Ep 40 - Oil price falls sharply; Purple's blockbuster Asian deal; Charlie Robertson on W Cape Independence; Seratonin and depression; Remote work ..
An adjustment to the normal format in this episode of the BizNews Business Briefing where Alec Hogg and Lucy Ferreira are joined by colleagues Stuart Lowman and Nadya Swart to provide context on the day's major business news; including Purple Group's big Asian deal that was announced on Friday; the…
Back home with an Asian partnership in his pocket, Purple CEO Charles Savage tells us about the next big leap in the Easy Equities adventure
Purple Group's share price jumped 10% on Friday, swimming strongly against the sliding market. Reason was a rather cryptic SENS announcement about a major partnership secured in Asia. Although details were deliberately sparse to ensure the partner's Big Bang launch won't be compromised, Purple CEO Charles Savage visited our virtual…
Why SA's economy underperforms the whole world - shocking data laid bare by 'Time Travelling' economic analysis.
South Africa features in Charlie Robertson's recently released book, The Time Travelling Economist: Why Education, Electricity and Fertility are the key to escaping poverty. Not in a flattering way. So we asked the author, whose day job is chief economist of the world's leading emerging markets specialists Renaissance Capital, to…