BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
NewsWrap Ep 3 - Inside track on ructions at Comrades, Joburg, Tongaat; and why Buffett sold Apple.
Editor Alec Hogg and the BizNews team provide context on the biggest stories of the past week. Covered this week are the governance mess in the Joburg Metro; board level corruption called out at the Comrades Marathon Association; why shareholders rejected an opportunistic takeover bid for bankrupt Tongaat Hulett -…
Inside Tongaat - banks, BRPs, corporate vultures fight over carcass of KZN’s fallen giant
It’s five years since massive accounting fraud was exposed at Tongaat Hulett, plunging KZN’s largest industrial group into a death spiral. With little incentive to end their regular income stream, fee-earning “super helpers” have been feasting on the company’s carcass, while bankers delude themselves by charging notional interest on debts…
Mashaba’s ultimatum to the ANC: ActionSA Speaker - or no deal
ActionSA President Herman Mashaba is ready to walk away from a deal with the African National Congress (ANC) in the City of Johannesburg if his party does not get the Speaker’s position in the council. This after the ANC has so far failed to make an announcement following Sunday’s handshake…
Behind Jozi chaos: Alex Mafia, ANC, EFF - and now ActionSA
The reckless spending of money and the waste and corruption is not going to stop because ActionSA is getting into bed with the African National Congress (ANC). That is the warning of Democratic Alliance (DA) councillor and former Citizen Editor Martin Williams. “There's absolutely no way ActionSA can put a…
Comrades Marathon veterans revolt, call SGM, after board level corruption, incompetence exposed
The world’s most famous ultra-distance race, KZN’s Comrades Marathon, is hosting an acrimonious battle between runners and the race’s board of directors who are accused of industrial-scale corruption. The catalyst was an allegedly unfair dismissal of admired race manager Ann Ashworth after she exposed blatant skimming by board members of…
RIP Brett Duncan (50), champion of offshore share investing for ordinary South Africans
Brett Duncan (50), a pioneer for championing offshore share investing for South African retail investors, has passed away. Duncan was a long-time supporter of the BizNews community, having instigated the successful BizNews Share portfolio as a model for Standard Bank Webtrader clients. In this special podcast, BizNews editor Alec Hogg…
Flipping the odds to build a Skateboard Park for Mamelodi - Poelo Mofolo
Residents of Mamelodi are on the verge of realising a long-held dream: the creation of a skateboard park near the Mamelodi East Police Station. This project owes much to the dedicated efforts of Poelo Mofolo, founder of the Mamelodi Skate Club. Despite hitting a wall in securing a venue for…
National implications - uMngeni’s Mayor Pappas tackles PMB, Eskom, shows all politics IS local
After falling short in his campaign to become KZN Premier in Election’24, Christopher Pappas returned to the executive mayorship of the uMngeni municipality. He has wasted no time in raising the pressure to reverse some blatant iniquities which have led to an electricity delivery mess in affluent Hilton. Pappas’s quest…
De Beer: FF+ - The new “Big Brother”, Blood in “training camp” waters, Brutal uprising in the UK
In his weekly dose of commentary on local, regional and international politics, United Independent Movement (UIM) President Neil de Beer analyses the Freedom Front Plus move to shun the Democratic Alliance (DA) in favour of the African National Congress (ANC) in Oudtshoorn. He describes the FF+’s Corné Mulder as “a…
NewsWrap Ep 2 - DA divorcing FF+; Namibia's boom; Chinese companies' Africa surge; RIP Robbie Venter
BizNews Editor Alec Hogg provides context on the big stories. In this episode, there's a special focus on the shock political divorce and what the Namibian oil and gas rush means for South Africa's Western neighbour. Also, there's a tribute to the late Robbie Venter.
WARNING: All illegal military training camp property can be forfeited to the State…
Operators of illegal military training camps risk losing everything. This is the warning from Private Security Industry Regulatory Authority (PSiRA) CEO Manabela Chauke. In this interview with BizNews, he says: “…should you be found guilty, you can even have everything forfeited to the State, including the farm that you're using.”…
Being fearful among greedy - plus stock that’s a proxy for those excellent old SAB managers
Top-ranked money manager Sean Peche is revelling in the current volatile stock markets with the turbulence “throwing up innocent bystanders” - stocks that can be nabbed at bargain prices. Among his favourites is a North American beer business run by a group of financially conservative South Africans who learned their…
Mulder: Explaining Oudtshoorn’s seismic change as FF+ dumps DA for ANC
Corné Mulder shares the reasons why his FF+ broke its longtime alliance with the DA, creating a fresh governing coalition with the ANC in the Western Cape town of Oudtshoorn. Mulder, the longest-serving member of South Africa’s Parliament, argues that in an era where the biggest political party has just…
Want to study abroad, post-graduation is a smarter option – Brent Morris from Sable International
With many students considering overseas study, Brent Morris, Managing Director of Study Abroad for Sable International, advises parents to prioritise post-graduate study for their children as a more affordable option. In an interview with BizNews, Morris explained that this pathway often leads to higher employment success, as postgraduate students typically…
FF+ switch to ANC puts 8 more Cape municipalities at risk of ending DA governance - Burke
After three decades as the DA’s fast friend and a self-described ‘reliable partner’, the FF+ has switched sides in the long-troubled Oudsthoorn local government. The FF+’s three seats were a critical block in a 25-seat council, where the ANC and DA each have seven seats. According to the FF+, former…
Unlock massive tax breaks with SA’s 12B solar boom
In this discussion, Alec Hogg speaks with Mitchell Fieldgate of Pangea Wealth and Luel Culwick of Decentral about the success and future of South Africa's 12B tax incentive, which encourages private sector investment in solar energy to mitigate load shedding. The 12B incentive offers substantial tax deductions—up to 222%—for investments…
Foord’s Nancy Hossack explains why SA is a harbour in current global market storm
With stock markets tanking around the world, including a 12% plunge in Japan today, things are relatively calm on the Johannesburg Stock Exchange. At times like this, a house like Foord Asset Management is a go-to source, given its top priority is “don’t lose money”. Portfolio manager Nancy Hossack explains…
Character assassination to silence corruption-busting lawyers…
Four months ago, two top lawyers - who had cracked open the Corruption Mafia at Fort Hare University - were arrested by 20 heavily-armed military style police and jetted off to the Eastern Cape. One of them, Sarah Burger, was left in a jail cell for six days without access…
De Beer: Helen Zille’s plan for the GNU & SA’s “napping” intel services
Democratic Alliance (DA) Federal Chair Helen Zille “has a plan with the GNU and the GNU clearly has no counter plan for Helen Zille”. So says Neil De Beer, the President of the United Independent Movement (UIM). In this interview with BizNews, he states that it is “plain and simple”…
Deputy Trade Minister Andrew Whitfield: AGOA renewal, slashing red tape and SA’s economic revival
In an interview with BizNews, Deputy Minister of Trade, Industry and Competition Andrew Whitfield shared his vision for revitalizing South Africa’s economy and enhancing its relationship with the United States through the African Growth and Opportunity Act (AGOA). Emphasizing the critical need for data-driven policies and robust intergovernmental collaboration, Whitfield…