Powerful officials are abusing State funds to silence those who try to expose corruption. That has emerged from an interview with a member of a group of whistleblowers who have suffered five years of hell after they were targeted, had charges preferred against them - and ultimately lost their jobs…
Fractures have appeared in the foreign relations between South Africa and the United States following a series of events. These events included accusations from the US ambassador to South Africa that a Russian cargo ship, Lady R, was loaded with supplies for use against Ukraine, and a call between Minister…
The 40th forum of the African Growth and Opportunity Act (AGOA), which offers duty-free access to the United States economy for 20 African countries, has concluded and appears that concerns about South Africa potentially losing its benefits due to the 'Lady R' diplomatic spat and its support for Hamas and…
Easy Equities has been grabbing lots of social media attention over the past week after a R25 fee elicited unhappiness from some of its one million active clients. Freshly returning from his fourth visit to the Philippines this year, CEO Charles Savage explains why he’s delighted at the response and…
In the dynamic world of fantasy fund management, where the thrills of the trading floor meet the strategic battlefields of a game board, a remarkable journey has come to a close. After 27 intense weeks of sharp moves, unforeseen market twirls, and astute stock selections, the Fantasy Fund Manager podcast…
For South African investors, October was a month many would prefer never happened. Apart from the collapse of the R3bn BHI Trust Ponzi scheme, the only places to hide in legitimate markets were Bitcoin, Gold and Bonds. In our regular catch-up with David Bacher, the author of the Corion Report…
The recent surge in the price of Bitcoin, which has more than doubled this year, comes as no surprise to our long-time tech guru, former Google executive, and tech entrepreneur, Stafford Masie. In this fascinating interview, he explains why some of the world’s biggest investment names have converted to becoming…
Sharknets, commonly used in many coastal areas including South Africa to reduce the likelihood of humans being bitten by sharks, are responsible for the deaths of thousands of sharks and inadvertently trap and harm marine species like dolphins. A team of marine biologists at Stellenbosch University has developed an alternative…
A prominent Muslim strategic consultant on the Middle East has called on South Africans to stop “incitement protests” against Israel. Mohammad Kabiya makes the call in an interview with BizNews in which he says Hamas terrorists killed not only Jews in the October 7 terror attack, but also Arab Muslims…
Finance Minister Enoch Godogwana has described South Africa’s public finances as significantly weaker in his mid-term budget emphasising that measures to stabilise public finances and reform the economy to generate higher growth are essential. Markets reactions were generally favourable with the rand strengthening. Thea Fourie from S&P Global Market Intelligence…
Finance Minister Enoch Godongwana presented his medium-term budget in Parliament, revealing that disappointing tax revenues and rising costs to service the debt have taken a toll on government finances. Godongwana’s predictions include a slower-than-anticipated economic growth of 0.8% compared to his February budget projections, accompanied by a substantial increase of…
South Africa's Finance Minister, Enoch Godwongdwana, is set to present the medium-term budget policy statement, bringing updates on economic forecasts, budget adjustments, and necessary spending changes. However, Stanlib's Chief Economist, Kevin Lings, warns that the upcoming mid-term budget won't bring good news. Lings, in an interview with Biznews, highlights a…
Magnus Heystek of Brenthurst Wealth Management knew within minutes that the investment scheme that has lost investors billions was “rubbish” - and he was able to advise a client to pull R3 million to safety. That is revealed by Heystek in this interview with BizNews on one of South Africa’s…
The Renergen share price has been hit by a variety of factors lately, most recently by social media attacks and the poor trading statement last week. But the real story remains intact - a $1bn Helium plant in the Free State that has the funding and requisite licences. In this…
There are measures in place to ensure that South Africa’s national election next year is not marred by the controversies that resulted in the recent election in Zimbabwe being declared not free and that fair. That assurance comes from Mawethu Mosery, the Deputy Chief Electoral Officer of the Independent Electoral…
Critical facts are emerging on the R3bn Ponzi scheme operated since 1999 by St Stithians old boy Craig Warriner. When the fraudster needed fresh funds to keep the scam rolling, he expanded out of the original well-heeled Sandton private school base into a broader middle-class group of retirees who depended…
Christian Ashcroft, the St Stithians old boy once blinded by admiration for SA’s version of Bernie Madoff, became trapped in a devastating Ponzi scheme orchestrated by his one-time hero, fellow school alumnus Craig Warriner. Entrusting Warriner with his entire inheritance, Ashcroft was left grappling with betrayal when the truth was…
The billions gambled away by self-confessed Ponzi operator Craig Warriner were sourced through high-profile financial companies, whose endorsement provided the credibility the St Stithians old boy’s criminal enterprise needed. In this fascinating interview, Pretoria attorney Werner Cawood the only victim present when Warriner appeared in a small Katlehong municipal court…
Tashas, a beloved brand in South Africa, grew from a single restaurant in Atholl, established with money from a loan shark, to 15 locations across the country. In 2019, Natasha Sideris and her brother Savva bought back Tashas from Famous Brands, establishing Tashas Group. This international hospitality company would soon…
In a captivating episode of Fantasy Fund Manager, BizNews’ Stuart Lowman speaks with Garreth Montana of Corion Capital and Kanyane Matlou from Terebinth Capital. The duo discuss the intriguing trend of company delistings, highlighting the reasons behind firms opting to delist. Matlou provides a detailed insight into his day-to-day tasks…
27 Oct 2023 6AM
20 min
1500 – 1520
Agree to storing cookies on your device.
Cookie preferences
iono.fm may request cookies to be stored on our device. We use cookies to understand how you interact with us, to enrich and personalise your experience, to enable social media functionality and to provide more relevant advertising. Using the sections below you can customise which cookies we're allowed to store. Note that blocking some types of cookies may impact your experience.