BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Truworths share price jump: What's behind it? Expert insights on SA clothing retailers
South Africa-listed retailer Truworths was among the top performers on the Johannesburg exchange at the start of the week, even though it has warned its profits for the half-year to the end of December will most likely fall by as much as 9%. BizNews speaks to independent analyst Christopher Gilmour,…
Ivermectin: South Africans have constitutional right to take it to treat Covid-19, says FMF health expert
Ivermectin, an FDA-approved anti-parasitic agent, has been found, in the laboratory, to inhibit the replication of the virus that causes Covid-19. In South Africa, it is not registered for human use and there are reports of people resorting to the veterinary version. A black market has developed. Earlier this month,…
Bright Light Solar's 2021 Prospectus published, "fastest fingers first" for prospective investors.
With the Covid-19 lockdowns knocking economic activity, Bright Light Solar has been unable to deploy its excess capital, so is cutting the 2021 fund raise back to R50m. The 12J tax incentives make this an especially appealing investment opportunity that was very well supported last year by the Biznews community…
Flash Briefing: Land Bank loses lifeline; Ascendis speaks on Ivermax; KZN leaders lose battle with Covid-19
The Land bank has lost its backing from Treasury in debt recovery plans. Ascendis Health speaks on the use of its animal health drug Ivermax in Covid-19 cases as KZN leaders lose their battle with the virus. Learn more about your ad choices. Visit megaphone.fm/adchoices
Short-selling: How football titan Dortmund (Ger: BVB) nearly lost entire team to murderous short-seller - flashback
Short-sellers have been blamed for some of the worst failures in the world's financial markets. In South Africa, Capitec was famously rattled by short-sellers, in 2018, complaining to the regulatory authorities about an inaccurate analyst’s report that had shifted the share price. But sometimes, short-sellers go to great extremes to…
Steven Nathan's hasty 10x exit: Who believes the Old Mutual spin?
This week index-tracking pioneer 10X Investments announce the sudden departure of its founder, Steven Nathan. Old Mutual-appointed chairman Henk Beets hastily moved into the CEO’s office with the company spinning the exit as friendly. It said: “Steven was presented with an opportunity to sell his shares…..he decided the timing was…
Taking stock: Naspers, Prosus, Tencent; Tesla; Montauk; Pick n Pay
Justin Rowe-Roberts, who covers stocks for BizNews.com, shares his highlights on companies that caught the attention of investors during the week. In this episode, he picks up on Naspers and Tencent - and explains why the two companies have a big role in SA portfolios. SA-born Elon Musk is discussed,…
Inside Covid-19: Vaccines - can you get fired if you refuse to get one? Legal insights
Can South African employers impose mandatory Covid-19 vaccination policies as a pre-requisite to return to work or as a precondition for employment? What happens if an employee refuses to wear a mask, or an employer fails to implement mask-wearing laws? We’ve got the answers to these questions and more on…
Flash Briefing: Power cuts in SA; land expropriation unpacked; PnP CEO to retire
Eskom implements four days of power cuts after multiple breakdowns. Pick 'n Pay's CEO, Richard Brasher will retire soon. De Beers has cut its buyer's club and Dr. Anthea Jeffery unpacks land expropriation without compensation. Learn more about your ad choices. Visit megaphone.fm/adchoices
Economic 'euthanasia'? SA is heading for 'fiscal cliff', warns expert - a look ahead at 2021
In a sobering assessment of the state of the South African economy, Marius Oosthuizen, an economics and leadership expert at the University of Pretoria's Gordon Institute of Business Science (Gibs), warns that the country has run out of money and politicians have run out of ideas. He explains why ANC…
Crypto assets: Next steps as South Africa prepares for regulation of Bitcoin, other currencies - FSCA exec
South Africa is preparing to regulate crypto currencies like Bitcoin. In addition to protecting individuals, the new rules may pave the way for a mushrooming of products with crypto currencies as their underlying basket of investments. Brandon Topham, Divisional Executive for Investigations and Enforcement at the regulatory Financial Sector Conduct…
Banks set to turbocharge stock portfolios. Here’s why - SA’s top financial fund manager Kokkie Kooyman
South African investment professional Kokkie Kooyman is probably the best financial sector analyst in the world. He knows every publicly listed bank and insurer. The Denker Capital global financial fund manager encouraged people to invest when the herd was stampeding away from stocks in 2020. Now, although markets have perked…
Flash Briefing: AU secures 300 million vaccines; medical aid schemes and vaccination in SA; Brazil's trial manipulation
The AU secured 300 million Covid-19 vaccines. Where do private medical scheme members fall in SA's vaccination schedule? The Wall Street Journal looks at Brazil's vaccine trial manipulation. Learn more about your ad choices. Visit megaphone.fm/adchoices
Chilling facts about land expropriation without compensation laws that President Ramaphosa has promised to push in 2021
President Cyril Ramaphosa told the ANC at the start of the year that passing legislation to allow for land expropriation without compensation is a priority for the ruling party this year. It is move that would most likely deal a devastating blow to the already troubled SA economy because it…
WhatsApp, Facebook new privacy rules and what they mean for the future of social media - tech expert
In the tech sector, nothing can be taken for granted. Remember the collapse of seemingly impregnable Netscape, MySpace, Napster and Blackberry? The ripple effect of Whatsapp’s new T&Cs - personal data will in future be transferrable between Whatsapp, Facebook and Instagram. In this podcast we speak to tech expert and…
Cathie Wood, one of the best fund managers ever, shares investment insights - including on Tesla, what's next
Cathie Wood's exchange-traded fund, the ARK Innovation ETF, surged by almost 160% last year, growing assets 10-fold—unprecedented inflows for an active fund of that type, notes The Wall Street Journal. She made concentrated bets on hot stocks such as Tesla, Roku, Square and biotechs and told an interviewer last month that she expects to nearly triple…
Will the rich, high-income earners jump queue for Covid-19 vaccines? Medical scheme administrator on vaccine roll-out
With South Africa in the eye of the Covid-19 storm, the pressure is on government to secure vaccines for mass vaccination - and fast. Earlier this week, President Cyril Ramaphosa said the roll out of vaccines would be in 3 phases, starting with health workers and moving on to people…
Flash Briefing: Covid-19 vaccines in SA; J&J trial data submission; local oil refining capacity slashed
South Africa's government announced that it secured 20 million Covid-19 vaccines, as lockdown is extended. Johnson & Johnson says local trial data will be submitted soon. And the country's oil refining capacity is cut by half until at least 2022. Learn more about your ad choices. Visit megaphone.fm/adchoices
What it's like being bullied by Santam - which is STILL trying to duck out of business interruption cover: hotel owner
Santam has agreed to pay up to three months of business interruption cover but that's not the deal that was agreed when many of its clients signed up for the insurance. Meg Fargher, co-owner of 18-room five-star boutique hotel and fine dining establishment Budmarsh, in the Magaliesburg, has been fighting…
15,000 in hospital, one in three surviving on oxygen - but when will vaccines arrive? CR explains plans to beat Covid-19
The Covid-19 pandemic is at its most devastating in South Africa, with more than 190,000 coronavirus infections and more than 4,600 deaths since the start of the year. At least 15,000 people are seriously ill in hospital with roughly one third of these people on oxygen, says President Cyril Ramaphosa…