This episode of the BizNews Briefing features DA Federal Chair Helen Zille on the mayoral switch in Tshwane; Barry Bateman of the Afriforum Private Prosecution unit on alleged corruption facilitator, ANC Gauteng leader Panyaza Lesufi; Afrimat CEO Andries van Heerden on the perfect storm that hammered profits in the half…
In a candid interview with BizNews, DA Federal Chairperson Helen Zille discusses the government's progress, challenges, and the role of the DA in the coalition government. She delves into Herman Mashaba's political manoeuvrings, the EFF-DA rivalry, and the pressing issues in Gauteng and Tshwane. Zille highlights the DA’s focus on…
Afrimat CEO Andries van Heerden opens up about the company's toughest half-year yet, with earnings down by 75-85%. Despite challenges including a perfect storm of iron ore setbacks and struggling acquisitions, van Heerden remains optimistic. He highlights recovery in key areas, ongoing improvements, and the company's resilience, hinting at brighter…
In this BizNews recap we look back at when South Africa’s financial world was shaken by the collapse of the BHI Trust, a Ponzi scheme that defrauded thousands of investors out of R2.9 billion. Promising steady returns, the scheme lured in retirees, pensioners, and high-net-worth individuals, only to leave them…
Gauteng Premier Panyaza Lesufi is allegedly a central figure in a massive cover-up of rampant corruption, money laundering and fraud that has cost the provincial government hundreds of millions of rand that was allocated to the Department of Social Development (DSD) to support needy NGOs. That is according to a…
In an insightful interview with Jean Pierre Verster, CEO of Protea Capital Management, he discusses the significant impact of China’s economic developments on global markets, including South Africa. Verster highlights China's $28 billion local government investment and the World Bank's subdued growth forecast, which have led to declines in commodities…
In today's episode of the BizNews Briefing, Bronwyn Nielsen, standing in for BizNews editor Alec Hogg, leads discussions on market impacts driven by China's $28 billion stimulus and global economic concerns. Guests, including JP Verster and Byron Lotter, weigh in on Chinese tech and commodities sectors, while Piet Viljoen highlights…
In this interview, Byron Lotter of Vestact discusses why the firm remains focused on U.S. stocks despite a strong rally in South Africa. He highlights the U.S. market’s innovation, growth potential, and resilience, while also addressing Nvidia, Tesla, China’s economy, and the impact of political factors like the U.S. election…
In this interview, Piet Viljoen, portfolio manager at Merchant West Investment Management, discusses the recent surge in South African stocks following the election, highlighting their continued undervaluation and under-ownership. He explores opportunities in local property and second-tier consumer stocks while cautioning against offshore investments. Viljoen emphasizes the importance of a…
Veteran SAPS whistleblower Patricia Morgan-Mashale is once again unable to leave a safe house that she has been using over the past two years. This after she received information that there had been a meeting between former Police Minister Bheki Cele, two Crime Intelligence generals, some people whose corruption she…
Magnus Heystek talks all things markets in today’s Biznews Briefing. The impact of Friday’s positive US jobs data, geopolitics, the Rand and he looks at gold as a safe haven amidst rising Middle East tensions. Today's briefing also has Neil de Beer on SA's "wrecking ball" GNU, Don Ncube on…
Investment strategist Magnus Heystek discusses the bullish US markets and their global ripple effect, with South Africa benefiting. He cautions that Middle East tensions could derail this growth. Heystek also shares insights on the rand, property investments, and why he’s bullish on Tesla despite valuation concerns. Heystek spoke to Nielsen…
The “incompetence” of Defence Minister Angie Motshekga and the “competence” of impeached Judge John Hlope are trending topics. In this interview, Neil De Beer, the President of the United Independent Movement, warns: “If you don't listen to what your people say, you are going to fall on your own sword…
In his weekly Sunday Show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), dissects the “Wrecking Ball” politics that is currently reaching epic levels in South Africa, and talks about some of the politicians who are at the forefront of the political infighting, including Helen…
Magnus Heystek discusses global investment strategies, emphasizing cycles in markets and the need to adapt. Heystek highlights South Africa's potential recovery but notes ongoing political and economic risks. He advocates for diversifying offshore, especially in markets like India and Japan, while tactically investing in local opportunities.
In an insightful interview, investment expert Walter Aylett warns against the dangers of inflated tech stock valuations, spotlighting companies like Tesla. With nearly two decades in the industry, Aylett calls for a return to integrity in investing, urging investors to prioritize sustainable growth over fleeting hype. His thought-provoking insights challenge…
In a dramatic shift in campus politics, the Economic Freedom Fighters (EFF) Student Command has lost control of Nelson Mandela University SRC to the Democratic Alliance Students Organisation (DOSA). In this interview with BizNews, Yusuf Cassim, the Democratic Alliance chairperson in the Eastern Cape, says: “We've seen our institutions of…
With fears of the war in the Middle East escalating into World War 3, BizNews speaks to Israel’s Ambassador to South Africa, Eli Belotsercovsky. He says: “…we have to fight back. And we will. And particularly after this attack, which endangered the lives of many, many Israelis, we will have…
In this episode of the BizNews Briefing, we cover the growing discussion around the DA’s leader - and the party’s landslide victory in student elections at the Nelson Mandela University; hear from super entrepreneur Don Ncube how his two-decade obsession with onshore gas in SA is finally starting to show…
Don Ncube reflects on South Africa's untapped gas potential, discovered in Mpumalanga, KZN, and Free State. This resource could address load shedding and transform the energy sector. Environmentally conscious extraction methods and strategic partnerships aim to boost jobs, economic growth, and energy security for the nation.
3 Oct 2024 7AM
51 min
600 – 620
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