BNC#7: Rob Hersov - SA must win the ideological battle, reject ANC socialism and embrace capitalism

Loading player...
Global entrepreneur and capitalist activist Rob Hersov delivered a striking keynote at BNC#7 in Hermanus, declaring that the ANC’s ideological model has failed as it has run out of money. He emphasised that South Africa is at a turning point and called for an ideological battle against socialism, advocating for free markets, deregulation, and economic growth. Hersov urged civic action, media engagement, and strategic financial backing to drive change, stressing that ordinary South Africans must take charge of the country’s future.

In his Q&A session with BizNews founder Alec Hogg, Hersov doubled down on his critique of the ANC while shifting focus to solutions. He emphasised the need to fight an ideological battle rather than just criticising political failures. Topics ranged from economic growth and media influence to mobilising capital from overseas South Africans. Hersov called for strategic funding of civil society and political movements, urging unity in promoting free markets. The session also tackled misconceptions about BEE, the role of "useful idiots," and the importance of shifting mindsets to drive real change.
19 Mar 2025 10AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Why the IRR's John Endres is more bullish on SA than Britain

John Endres, CEO of the Institute for Race Relations, tells BizNews that the elite consensus defending BEE is cracking, even as its beneficiaries defend it loudest. He points to the Starlink saga - blocked partly over empowerment shareholding while a pricier, slower rival wins state favour - as proof the…
13 Jul 8AM 24 min

A world-first: the bond that pays out when nature wins

In this BizNews interview, Irakli Rekhviashvili sits down with the three people behind FirstRand's R2.5 billion Cape Water Performance-Based Bond, the first time a commercial bank anywhere in the world has tied a bond's payout to nature. The Nature Conservancy's Louise Stafford traces it to 2018, when Cape Town's dams…
12 Jul 8AM 15 min