BizNews Radio (OLD)
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
SAA scraps flights; SA Express business rescue; Business confidence in pre ‘94 hole; Denel; cheap SA shares
In today's business headlines: * SAA, which entered a form of bankruptcy protection in December, will scale back some of its domestic and international routes from the end of February * The Johannesburg High Court has ruled that another state-owned airline SA Express should be placed into business rescue, but…
P&L podcast: More on streaming wars; Drinking water crisis; Vanguard into PE
Porter Bibb, Managing Partner for MediaTech Capital Partners, discusses Disney results, the streaming wars, and why to pay attention to Quibi. Author and activist Seth Siegel discusses his latest book, "Troubled Water: What’s Wrong with What We Drink," and how utility consolidation may solve the drinking water crisis. Eric Balchunas,…
Global explosion in the use of wellness dagga products
Adam Grossman, founder and CEO of Papa & Barkley, on cannabis wellness products, and why companies need higher production standards. The interview was conducted by Lisa Abramowicz and Paul Sweeney on Bloomberg's P&L podcast.
Ramaphosa nod for PIC funds for Eskom; Who owes Eskom the most?; Deeper job cuts at SAA; Tesla mania cools; Pepco
In today's business headlines: - President Cyril Ramaphosa is “favourably disposed” to a proposal by Cosatu to use funds from the Public Investment Corporation to reduce Eskom’s debt, his spokeswoman Khusela Diko told Reuters yesterday. It follows after Cosatu proposed a package of rescue measures for Eskom and the cornerstone…
P&L: Streaming wars and how the digital economy brought down the newspaper house
In this episode of P&L with Paul Sweeney and Lisa Abramowicz, Terence Kawaja, founder and CEO of Luma Partners Investment Banking on how the streaming wars are set to peak in 2020. Plus John John Chachas, managing partner at Methuselah Advisors talks about the destruction of the newspaper industry by…
Judge wants proof of Zuma illness: Arrest warrant; Steinhoff skyrockets; Edcon sells CNA
In today's business news headlines: * A judge is set to have former president Jacob Zuma arrested for failing to show up in court on grounds of illness; his lawyer will have to prove he is really sick; * The Steinhoff share price skyrocketed, gaining nearly 50%, on news a…
P&L: China sell-off offers a buying opportunity plus luxury goods, counterfeiting and Amazon
Brendan Ahern, chief investment officer at KraneShares, on China shares sinking and whether it's a buying opportunity. Plus a look at how luxury goods are impacted by counterfeiting at Amazon and other online retailers.
Dagga tax will boost economy - Tito; miners' investor misery; Tongaat reels
In today's business news headlines: * Finance minister Tito Mboweni is convinced that dagga can be used to generate billions in tax to plug a hole in government finances; * Miners tell how world's investors are shunning 'dirty' stocks for green-focused companies, cannabis stocks and cryptocurrency bets; * Miners warn…
Francois Nortjé: R10bn Port of Gauteng has potential to make Portia Derby's year
The word port is usually associated with the coast and the sea, but developer Francois Nortjé has chosen the name port for his new ‘Distribution Junxion’, which according to his website, will become a ground breaking inland port that sits on the entry and exit points for imports into and exports…
Lydia Petersen - Leading civil society charge to stop Eskom pillaging the public
Just when South Africans think Eskom-induced irritation can't get any worse, it emerges that Eskom bosses want citizens to pay up now for bad management mistakes in the past. The plan is to increase Eskom bills by at least 15%. Helping BizNews editor-in-chief Alec Hogg unpack the details is Lydia…
Cannabis: Break Pretoria's bureaucracy and SA will lead world in booming sector
In a jovial manner Finance Minister Tito Mboweni tweeted over the weekend that 'legalising this thing (cannabis) = more tax revenue. I need more tax (money) urgently!! Radical Economic Transformation!. On the serious front Mboweni has to deliver a budget plan at the end of the month and needs to…
Chris Yelland: Joburg rejection of Eskom loadshedding shows others the way
The government has found itself in a corner with the energy crisis that Eskom has created. With billions of rand of Eskom debt it has to shoulder and with loadshedding reaching Stage 6 that even lead to mines shutting down; it finally relinquished its grip on power generation in the…
Saffers report from coronavirus's epicentre: "Everything has changed" in China
A fascinating interview. This fresh take on China's debilitating coronavirus came to us from two South African schoolteachers who are working deep inside the Middle Kingdom. Durbanites Gary and Andy Cronje share on-the-ground experiences of endless scanning, empty streets, closed shops and threat of arrest if you venture outdoors without…
David Shapiro: Tongaat v Brait; Tiger Brands; Don't sell Apple, Amazon, Netflix
South Africa's favourite market commentator was in a feisty mood during this week's episode of Rational Radio where he laid into Brait, Tiger Brands and executive pay in general. Never one to shirk from controversial subjects, David Shapiro celebrated 48 years on the market (and 15 years with Sasfin) by…
Coronavirus ripples, Rand punished; Eskom plans; Gangs raid gold mines; Tshwane mayor quits
In today's business headlines: - The rapid spread of the coronavirus pandemic will loom large in the minds of economists in the coming days as the number of global cases soar and the impact on commerce spreads. More than two-thirds of China’s economy will remain closed as the virus and…
Is Apple headed for disaster? Or is the sky the limit?
Apple – along with other tech companies like Amazon – has been a key driver of the sustained outperformance of our Biznews global portfolio. Last week, Apple reported its best-ever quarter on the back of rebounding iPhone sales. Some analysts worry that the rebound is a dead cat bounce and…
CEO Andre de Ruyter on Eskom split - boards could be finalised next week
Eskom's new Group Chief Executive Officer, André de Ruyter has outlined his plans to stabilise the power utility but warned that loadshedding could increase as urgent maintenance of the system is undertaken. He announced that boards for its generation, transmission and distribution divisions could be finalised by next week. It…
P&L: Microsoft one of the best tech turn arounds in last 20 years; plus Tesla, Facebook
Microsoft became the third US company to pass a market cap of $1trn last year. and in this episode of P&L, Paul Sweeney and Lisa Abramowicz discuss the software giant with Dan Ives equity analyst at Wedbush Securities. They also tap into Tesla and Facebook.
What's News - US growth steady, economists optimistic about 2020; Mexican ride share battle
The US economy grew at a 2.1 percent rate in the fourth quarter, and grew 2.3 percent for 2019. That's a steady pace, and the Wall Street Journal's Harriet Torry says economists are optimistic about this year. Plus, there's a big ride share battle going on in Mexico, and it's…
IMF laments 'lacklustre growth'; SAA cuts flights; Eskom’s big reveal (in the dark); Rand, MTN
In today's business headlines: - The International Monetary Fund has urged the South African government to speed up reforms to revive the economy and says the country's "lacklustre growth" is due to weakness in public enterprises; - The Rand was on the backfoot yesterday dropping to the lowest level this…