BizNews Radio (OLD)
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
LISTEN! Hawks boss details charges against VBS Mutual Bank heist suspects, including KPMG auditor
The wheels of justice are turning and the rule of law will prevail. With these words National Director of Public Prosecutions, Advocate Shamila Batohi assured the public today that the tide against corruption was turning as the National Head of the Directorate of Priority Crime Investigations, Lieutenant-general Godfrey Lebeya, announced…
ANC-favoured economists Piketty, Stiglitz explain why Wealth Tax best way to tackle inequality, pay Covid-19 bills.
South Africans should start preparing themselves for a Wealth Tax. With a R500bn Covid-19 bill to be met, the idea of raiding wallets of the rich is gathering momentum globally. And given their ideological leanings, South Africa's ruling party's politicians are sure to love solutions proposed by rock star economists…
Good Hope Film - Youth outcomes can be changed in one generation - Anthony Fabian
South Africans were pretty pessimistic about the future of the country before the Covid-19 pandemic, with Chief Executive Officers indicating in a PwC survey that only 14% were very confident about their organisation’s growth prospects in 2020. And then the pandemic hit the world and it appears that the only…
Inside Covid-19: SA Govt-favoured Stiglitz, Piketty on paying for pandemic: tax the wealthy and digital titans. Ep47
In episode 47 of Inside Covid-19 we hear fresh and (if you're rich) some rather frightening ideas from rock star economists Joe Stiglitz and Thomas Piketty on how countries should pay the bill for the war against the pandemic: a blanket 25% levy on multinationals especially tax dodging tech titans;…
Covid-19 cases rise ever faster in SA; R3.3bn blow for Discovery shareholders; Zimbabwe inflation hits 786%
In today's news headlines: * The number of Covid-19 related deaths in South Africa is heading towards 1,600 and, says BizNews contributer Douglas Parker, the growth in the total number of cases, which is heading towards 74,000, shows no sign of slowing; * Discovery shares fell after it said it was…
Covid-19 deaths at 1,500; SA-linked vaccine tops WHO list; hairdressers vs NDZ
In today's news headlines: * Nearly 1,500 people have died of Covid-19 in South Africa and Deputy Minister of Correctional Services Nkosi Phathekile Holomisa has tested positive for Coronavirus, says the government; * A South Africa-linked Covid-19 vaccine, backed by Sygnia, is leading clinical trials; * About 90,000 people active…
Ready or not: We're reopening although Covid-19 is far from over
South Africa’s coronavirus case count and Covid-19 death toll continue to rise as government expands testing. Yet, although the virus is still advancing, we are reopening our economy. By doing so, we face two risks – a renewed and more aggressive surge in cases and a derailed economic recovery. But…
Money coach Hayley Parry: How to cope in the Covid-19 chaos
Some excellent practical advice in this podcast with financial educator Hayley Parry, whose mission is to help South Africans better understand their finances. She comes up with some excellent ideas to help those hardest hit by the financial impact of the Covid-19 crisis. Start by taking a deep breath... -…
Village Main's CEO Jeff Dong: SA's unions face a test all China is watching
Despite the fact Chinese investors have poured almost R2.5bn into loss-making gold mining company Village Main Reef, CEO Jeff Dong is upbeat about the future - provided agreement can be reached with SA trade unions on the proposed restructuring. He says Chinese investors with deep pockets are ready to follow…
Kevin Shames: Consumers embrace low cost, alternative energy solutions
Hedge fund pioneer Kevin Shames is the CEO of Bright Light Solar, a 12J company that raised R82.5m in its third capital-raising tranche which closed at the end of February this year. The capital is invested in fully funded renewable energy projects, to generate electricity, solar thermal delivering hot water…
Entrepreneurial Masterclass with Allon Raiz - Part 4: Post-Covid business opportunities; and BEE
South Africa is not good at developing entrepreneurs says Allon Raiz. In the last part of his discussion with Alec, the Oxford University guest lecturer and head of the company which has been described by the Economist as Africa's only genuine incubator says there are many opportunities in the post-Covid…
Entrepreneurial Masterclass with Allon Raiz - Part 3: Stand up again and again; life versus growth
Within 10 years of opening, 96% of new businesses fail. That is the brutal reality of how difficult it is to start a new business. In the third part of the business masterclass with Allon Raiz, he looks at what you should do if your business fails. Raiz talks about…
Covid-19 business interruption war: hospitality sector vs insurers; Mining output plummets; Multichoice; WC schools
In today's news headlines: * A legal battle is looming between South African hospitality businesses and the insurance companies that have refused to pay out for business interruption caused by Covid-19; * The Western Cape Department of Health has supported the return of pupils to schools. Although the province has…
Entrepreneurial Masterclass with Allon Raiz – Part 2: Core competencies of entrepreneurs; kind people get further
In the second part of the entrepreneurial masterclass with Allon Raiz, the founder of Raizcorp looks at some of the core competencies he sees as 'must haves' for entrepreneurs and singles out that kind, smart and flexible people usually get further. He has also found that people with 'father issues'…
Entrepreneurial Masterclass with Allon Raiz – Part 1: Domination strategy is more effective than innovation
As many people are losing jobs and wonder where to turn to because of the Covid-19 pandemic; starting their own businesses may be something that they are considering, or are pushed into. Who better to go to, to find out what it takes to be a successful entrepreneur than Allon…
Covid-19 flattens business confidence as pessimism prevails - RMB's Etienne le Roux
South Africa’s Business Confidence dropped to an unprecedented low during the second quarter, the RMB/BER Index recording just 5 points out of the possible 100, the only time in its 45 years of measurement that it is in single digits. This surpasses the previous low of 12 points set in…
Business pessimism as bad as in apartheid era; HIV ramps up Covid-19 deaths; Sasol rollercoaster; MultiChoice jumps
In today's news headlines: * South African business confidence has plunged to the lowest level in 45 years, with companies even more pessimistic now than when disinvestment from the country over its apartheid policies started gaining momentum more than three decades ago; * People with HIV are almost three times…
Inside Covid19 - Business confidence plunge; pandemic changes banking habits; UFS virus tracking breakthrough. Ep 46
In episode 46 of Inside Covid-19, South Africa’s business confidence index falls to an almost impossibly low 5 points of a potential 100; we explore the change in banking behaviour with spending plummeting and savings rising; a University of Free State breakthrough in measuring viral loads of sewerage that will…
Russell Loubser on SAA take-off: Like it or not, SA may get back loss-making airline
South African Airways has flown the national flag proudly around the world. Behind the good cabin service and the smart uniforms worn by attendants, SAA has been sucking up billions of rands in taxpayers’ funds. Its financial problems have been linked to graft and incompetence, with former chair Dudu Myeni…
South Africans pile into forex trading as Covid-19 erodes savings, claims jobs - Mr Daniel Kibel, CM Trading
Covid-19 containment has cost millions of jobs and put pressure on many individuals, who have been forced to eat into savings to survive. In this interview with BizNews’ Jackie Cameron, Mr Daniel Kibel, the CEO of CM Trading, reveals that the number of active forex traders in South Africa has grown exponentially…