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Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Inside Covid 19: Prof Linda-Gail Bekker; Tobacco insider Azeem Carim; Dr Jonathan Quick. Ep 55
In episode 55 of Inside Covid-19, global medical heavyweight UCT's Dr Linda-Gail Bekker shares her wisdom about the pandemic – and how little we still know; tobacco industry insider Azeem Carim exposes how cigarette manufacturers are making massive profits during SA’s Covid-19 inspired ban on legal sales; we hear from…
Tobacco insider: Manufacturer profit gorging on taxpayers, smokers via SA's cigarette ban
For SA's cigarette manufacturers, Covid-19 has been like all their Christmases arriving together. Industry insider and self-confessed smuggler Azeem Carim explains how the SA government's lockdown-enforced ban on cigarette sales has generated a massive payday at taxpayers' expense. It's engineered through "ghost exports" - cigarette makers supposedly producing for sale…
A Rational Covid-19 Perspective - Half an hour with UCT Prof Linda-Gail Bekker, SA's global heavyweight
Globally, South Africans punch far above their weight in many fields. It's quite an achievement for a country with less than 1% of the global population to have given the world Nelson Mandela, Desmond Tutu, Elon Musk, Trevor Noah and many of Europe's leading bankers. But until the coronavirus pandemic…
Sun International CEO Anthony Leeming on corporate predator circling SA hotel group
Sun International’s Latin American partner is aiming to acquire a controlling stake of the company, which is battling Covid-19 containment measures as are all hospitality companies. In this podcast, BizNews founder Alec Hogg explores the unsolicited R1.5bn bid by Nueva Inversiones Pacifico Sur.
Sasol powers up the JSE, with 270% return; SA GDP shrinks; Zimbabwe security force leaders ordered bank account closures
In today's news headlines: * South Africa’s recession deepened in the first quarter of 2020, with official data on Tuesday showing that gross domestic product contracted 2% from the previous three months; * South African stocks are about to round off their strongest quarter in almost two decades, with Sasol leading…
Inside Covid-19: SA link in AI model to help fight virus; Lessons from the US's record setting second wave. Ep 54
In Episode 54 of Inside Covid-19, some expert insight (and good news) as SA hits number five among the world's new daily infection table; a global South African tech guru breaks new ground on the coronavirus with an agent-based artificial intelligence model; there’s bad news for restaurant owners worldwide as…
Hotel owner on business insurance rip-off: SA insurers run as Covid-19 comes calling
Hotel owners and others in the hospitality industry have been paying for business interruption as part of their business insurance policy premiums. But, insurers are refusing to pay for the extreme revenue losses incurred as governments have ordered businesses to close their doors to halt the spread of Covid-19. Insurance…
SA stock market expert David Shapiro lets us in on his 'cheeky' portfolio
Shapiro lets us in on his cheeky portfolio, which includes businesses that are unloved in South Africa.
Inside Covid-19: Lessons for SA from NY on what NOT to do; Tech savvy ways to work from home; Keeping oldies safe. Ep 53
In episode 53 of Inside Covid-19, some surprising results of the swing to working from home as previously resistant older people are taking to tech as never before; we revisit the growing scandal around SA insurers refusing to honour Business Interruption cover with the owner of an 81 year old…
State capture specialists back at Zondo; SAA; Naspers results; Zimbabwe stock market panic; Rand
In today's headlines: * The Zondo Commission into state capture has resumed after proceedings were halted because of the Covid-19 lockdown three months ago; * President Cyril Ramaphosa says the stigmatisation of those infected with Covid-19 must stop, in his weekly email to the nation; * The Department of Public Enterprises…
Zondo wants to know: What action did Zuma, Ramaphosa and team take to stop corruption at SOEs?
State-owned enterprises like Eskom, South African Airways and the Passenger Rail Agency (Prasa) lie at the heart of South Africa's current economic woes. They were the main vehicles through which money was channeled to corrupt officials during the years that President Jacob Zuma was at the helm. It is these cash-strapped…
Covid-19 SA cases rise, world hits 10m; NDZ wins tobacco ban court case; Zimbabwe cash crisis
In today's headlines: * More than 10m people around the world are confirmed as having contracted Covid-19 - and more than 500,000 people have died of the new coronavirus; * Dean of the Faculty of Health Sciences at the University of the Witwatersrand, Prof Martin Veller told BizNews that although the numbers…
Crowd1 is illegal - FSCA; mines caught up in Covid-19 red tape; new Wits VC Vilakazi; hospitality insurance battle
In today's news headlines: * Mining companies may take until August to get all their employees back at work, reports Bloomberg; * The University of the Witwatersrand has appointed Professor Zeblon Vilakazi as its fifteenth Vice-Chancellor and Principal; * The Financial Sector Conduct Authority (FSCA) has warned that the suspected pyramid scheme Crowd1 is…
Watch out! Cyber crooks target the newly tech-savvy - Discovery tech experts
The Covid-19 pandemic has resulted in a seismic shift in the way people engage with financial service providers. As Discovery’s tech leader Derek Wilcocks highlights in this interview with BizNews founder Alec Hogg, even the tech laggards have had to upgrade their knowledge of the nuances of apps and internet…
Covid-19 vaccine trial brings SA great hope as virus storm intensifies - Prof Martin Veller
There are nearly 150 vaccines under development in the world for Covid-19. The frontrunner at the moment is the vaccine that is being developed by the Jenner Institute at Oxford University, which is being trialled in humans in the United Kingdom. AstraZeneca, which is producing the vaccine for the university,…
Can SA's Covid-19 rescue budget save South Africa? Economist Kevin Lings, BizNews founder Alec Hogg weigh up the plan
In this discussion, BizNews founder Alec Hogg and Stanlib Chief Economist Kevin Lings examine whether South Africa can emerge stronger after its battering by Covid-19 containment measures.
Taxman cometh - SARS Commissioner Ed Kieswetter targeting cheating multinationals, super rich
In the media conference after the Supplementary Budget, the head of SARS Ed Kieswetter outlined the five focus areas for the country's tax collection service. Multinationals who cheat SARS through transfer pricing, profit shifting and manipulating pricing of trade deals are in the crosshairts. So are the "aggressive tax arrangements"…
Inside Covid-19: SA's plans to overcome R341bn pandemic bill; Exercise habits change in lockdown; Prof Veller. Ep 52
In episode 52 of Inside Covid-19, you’ll notice a significant change as we’ve edited the interviews into highlights and with it shortened the length of the podcast. Interviews featured in this podcast are available in full separately via the Biznews.com website or App. In this episode, South Africa’s Supplementary Budget…
A fiscal cliff looms: 'We don't want to be Zimbabwe or Greece' - Finance Minister Tito Mboweni
In his supplementary budget speech, Finance Minister Tito Mboweni outlined the worrying economic picture for South Africa. He warned that debt could spiral out of control and said South Africa could find itself in a sovereign debt crisis that would plunge more people into poverty. This, he said, could undermine…
Where your money goes: More to municipalities and health care - Finance Minister Tito Mboweni
Finance Minister Tito Mboweni announced in his supplementary budget speech that R21.5 billion rand will go towards Covid-19 related healthcare spending. A further allocation of R12.6 billion will go to services at the frontline of the response to the pandemic. There will be an adjustment to spending for the three…