BizNews: Recent Episodes
BizNews
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Today's BizNews Daybreak covers Donald Trump’s stance on Iran and rising oil prices driving Brent crude past $87. Tech highlights include Anthropic’s $9.1 billion data center deal with Riot Platforms, Intel raising $20 billion through share sales, and security risks of rogue AI models. Plus, Berkshire Hathaway accelerates share buybacks to $4.5 billion.
Nearly a year after Neil de Beer's death, the NdB Sunday Show looks back at the moments that made him impossible to ignore. From tearing into the NHI Bill to naming his own "ten most wanted" list of state capture figures, de Beer never softened a line for anybody. What most of his audience didn't know while he was saying it: he was fighting cancer, quietly, the whole time. Chris Steyn revisits the utterances that built the show, and the man behind them.
Today’s episode covers South Africa’s immigration debate as Solly Moeng addresses local employment realities. We examine global tensions, including Iran’s Strait of Hormuz deal and oil market impacts. Plus, updates on Federal Reserve Chair Kevin Warsh’s inflation strategy, OpenAI’s upcoming 2027 smart device, Elon Musk’s massive SpaceX and Starlink V3 expansion plans, and Alphabet’s struggles with delayed Gemini models and AI talent loss.
Today’s episode covers Google's AI leadership shakeup, vishing cyberattacks targeting major Wall Street hedge funds and Meta’s AI testing breach. Locally, Jacob Zuma appoints his son Duduzane as MKP deputy president while Ramaphosa holds back an interim commission report. Plus, SRF polling reveals the ANC collapsing in Johannesburg, Kallie Kriel dives into property rights warnings over expropriation, SanDisk’s revenue forecast, and Uber’s latest consumer update.
Alex Karp just proved that conviction moves markets. Palantir's overnight 29% jump has Wall Street rethinking what it thought it knew about the company, and Karp isn't shy about telling you why. Elon Musk lays out exactly how far ahead SpaceX and Starlink already are, and how much further they're going, while South Africa keeps arguing with itself about letting Starlink in at all. Add a fresh Johannesburg poll that's bad news for the ANC, a Sasol result the market punished despite strong numbers, and Glencore handing billions back to shareholders, and you've got a day where markets and voters were settling the same argument.
In their latest weekly chat, Chris Steyn and political commentator Solly Moeng talk about the headline-grabbing actions of former President Jacob Zuma and the headline grabbing non-action of current President Cyril Ramaphosa: Zuma appointing his son, Duduzane, as MKP’s Deputy President while Ramaphosa has been sitting on the second interim report of the Madlanga Commission for over two months. They also discuss News24’s turn-around on former IDAC chief Andrea Johnson, as well as DIRCO’s release of a photograph of US Ambassador Leo Brent Bozell and International Relations Minister Roland Lamola posing with big smiles after meeting. “I think it's a good thing that the outside world is watching South Africa because we can be fooled into a false sense of patriotism that works against us. Because these politicians in South Africa are smart. You know, we're all going…yeah, let's protect South Africa, but we're actually protecting the stuff that is working against us here at home. …We need politicians here to know that they cannot just do anything and tell us yeah, let's protect the country when we're actually protecting them.”
In todays Daybreak, AfriForum's CEO reveals an upcoming contempt of court case against Julius Malema for land grab calls. Paramount Group's founder warns of a potential uprising in South Africa. Locally, Nedbank report strong interim results, while a scam victim shares his R450,000 loss. Globally, SpaceX and AMD release earnings, and South Africa pitches a $180 billion energy plan to China.
Another BizNews tribe member has suffered a huge online trading platform loss. In this interview with Chris Steyn, Tommy Salem describes how he ended up on the FXSI platform after clicking on a clip showing AfriForum’s Kallie Kriel before losing R450 000 in two months. It was money Tommy could ill afford to lose: “I had a stroke. So I was at home for a year and I was busy with the therapy and that didn't work out and the company then decided to put me on permanent incapacity leave. ..That was money I received from my insurance and my incapacity benefit…it's painful to lose so much money…” In its response to BizNews, FXSI stated: “The complaint was received on 28 July 2026, acknowledged, and remains under formal investigation…As the matter is ongoing, it would be inappropriate to comment publicly on the allegations or speculate on the outcome.”
Ivor Ichikowitz turns sixty this year, and by his own account he's never felt more energised. As founder of Paramount, the defence and aerospace group he built into a business operating in twenty countries, he's used to controversy. But in this conversation with Alec Hogg, he's not talking weapons. He's talking about what his foundation's African Youth Survey reveals about a generation that trusts China more than America, doesn't believe in the ballot box, and might just take to the streets instead. He also has a stark warning for South Africa: Denel, the state defence company he helped build his own career alongside, may only have months, not years, left to save.
Thirteen votes vanish, a city manager gets his job back, and Tshwane's bondholders are left wondering what happens to every tender signed while he was out. Kallie Kriel tells Chris Steyn that AfriForum is coming for Julius Malema again, and this time the government's in the crosshairs too. Then Ivor Ichikowitz, the famously private founder of Paramount, breaks his silence on the defence empire he built out of South Africa, and on a fresh survey showing Africa's youth quietly picking sides between Washington and Beijing. Plus: Nedbank's numbers hide a bigger story, the JSE reports on itself, Old Mutual's frozen Zimbabwe shares get a lifeline, and Palantir hands Wall Street another reason to pay attention.
In this interview with Chris Steyn, Kallie Kriel, the CEO of AfriForum, describes the legal battle being fought against the Expropriation Act in the Cape High Court this week. Detailing the implications of the act in current form, Kriel warns that after the Local Government Elections in November, municipalities under MK control could use a section of the act to expropriate without compensation. “They can use a reason that is not valid and they can go ahead…And that is why we will use the resources we have to fight this till the bitter end.” As for unlawful occupation, Kriel reveals that Economic Freedom Fighter (EFF) CIC Julius Malema is facing legal action over his latest land grab call. “A few years back we got a court order successfully against him that he is not allowed to do that. He had to pay our costs. But you will see that during the last week he did it again. We have not announced that publicly; so you hear it the first time. But our legal team is drawing up a case at the moment because his behaviour is contempt of court. So we believe we have a strong case there.”
In today's episode, we cover South Africa's crowning as Africa's ransomware capital and the FSCA's record R2.8 billion in fines, including action against the Banxso deepfake scam. We also discuss the appointment of seasoned provincial police commissioners and new anti-corruption progress. Globally, we unpack President Trump's tariff lawsuits, OpenAI's security briefing following the Hugging Face breach, Palantir's soaring sales, and Alibaba's massive new AI model.
In his latest interview with Chris Steyn, former Western Cape Provincial Police Commissioner, Dr. Lennit Max hails the appointments of four new provincial commissioners. “This time around I am very pleased that the Acting National Commissioner in her wisdom decided that there's merit among people of colour.” He points out that all four appear seasoned as well. “Lieutenant General Sizakhele Dyanti in the Western Cape, got 34 years of service. Lieutenant General Arthur Adams, Northwest, 34 years of service as well. Lieutenant General Jan Scheepers, Limpopo, 38 years of service. And Lieutenant General Apapia Modise of Mpumalanga, 37 years of service. They are not people who are parachuted into those ranks.” As for the latest "heartbreaking "testimony at the Madlanga Commission, Dr Max says it is “damaging not only for Andrea Johnson, but to IDAC as a whole, the NPA, but most importantly, to government because government put these systems in place to ensure that they address the corruption in this country and we as citizens got hope that government is doing the right thing to put these systems in place and also to appoint people they believe got the necessary skill and commitment to serve our country without fear or favour. And it is totally unacceptable, and I think there must be consequences to that effect.” Lastly, Dr Max shares highlights from his autobiography which is being launched this month: “A Life That Refused to Bow”.
Two prosecution bosses down, and counting. The Madlanga Commission has just claimed its second casualty, and a leaked recording shows exactly how bad it got. Meanwhile fresh polling suggests the ANC is about to lose over 500 council seats, Interpol has crowned South Africa the ransomware capital of the continent, and the FSCA has landed a record R2.8 billion in fines, the bulk of which trace back to Banxso — the company behind those Elon Musk deepfake ads, the same scam BizNews first exposed. On the markets side, Nedbank, Telkom and Stor-Age all moved today, Lewis Group looks like a Buffett-style bargain hiding in plain sight, and Amazon just delivered one of the biggest single day gains in its history. Andy Jassy explains, in his own words, exactly why.
Today's BizNews Daybreak examines Japan’s US-coordinated currency intervention, OPEC+ production increases, and energy lobby opposition to US biofuels legislation. South Africa’s corruption commission delivers unprecedented accountability, while Donald Trump pauses planned Iran strikes pending rapid talks. Meanwhile, the S&P 500 opens at 7,489 and SpaceX prepares for a high-stakes earnings call this Wednesday. Finally, FIFA President Gianni Infantino faces severe UEFA backlash following a collapsed World Cup investment deal.
In this edition of the NdB Sunday Show, Chris Steyn and Jonathan Deal, the founder of Safe Citizen, talk about the fall of Investigations Directorate Against Organised Crime (IDAC) Chief Andrea Johnson - whom Economic Freedom (EFF) Fighter CIC Julius Malema likened to the late Winnie Mandela - and who was tipped to be a future National Director of Public Prosecutions; as well as the fall of three other tipped for the highest law enforcement and political control positions in South Africa: former Police Minister Senzo Mchunu as a possible future African National Congress (ANC) President; suspended General Shadrack Sibiya as possibly the next National Police Commissioner, and suspended General Feroz Khan with his eye on the top job at Crime Intelligence (CI). Deal hails the Madlanga Commissioners who ask questions “in a way that actually leads deceitful people into their own traps”. Meanwhile, Deal warns that township economies have been hard hit by the flight of foreigners at a time when the hungriest section of the population is awash with illegal guns. “...we are sitting with an enormous number of unemployed young men with no money, no job, and literally no hope for the future. And it could still take just one spark to see the equivalent of an Arab Spring in this country.” He describes just how vulnerable South Africans have become while the “police itself, on a national and often a provincial level, is powerless and directionless”.
Today's BizNews Daybreak covers Apple's quarterly results, Rivian's SUV success, and Anthropic's AI breach, alongside a semiconductor rally driven by Microsoft and Oracle. Football federations oppose FIFA selling World Cup stakes, while Donald Trump claims a Gaza disarmament agreement. Meanwhile, Alec Hogg discusses Anglo American’s South Africa exit, RMB launches a R1bn housing program, Geraint Anderson tackles psychopathic corporate culture, and Amazon’s AWS delivers strong AI-driven growth.
A former top-ranked City of London stockbroker has written a manual for winning at business, politics and life. There's just one catch: to follow it, you'd have to think like a psychopath. Geraint Anderson, the man behind the legendary "Cityboy" column, tells BizNews editor Alec Hogg why he built his new book around Trump, Musk and the 'manosphere', how a near-fatal motorbike crash changed his mind about the game he was winning, and why the book is now selling harder in South Africa than almost anywhere else. He also explains, only half-joking, why he's booked in to be clinically assessed for psychopathy himself.
In this interview with Chris Steyn, Alessandro Scalco of RMB Sustainable Finance shares the details of a R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market. Rand Merchant Bank (RMB) has partnered with INDLU, a property financial technology company that empowers landowners to build, manage, and earn from high-quality rental housing. The programme aims to bridge the national housing gap—currently estimated at 2.3 million units—by providing sustainable, affordable credit to micro-developers who have historically been excluded from traditional banking sectors due to a perceived lack of formal collateral. Scalco says the programme represents a blueprint for how South African capital markets can drive large-scale, powerful social impact without compromising financial performance. Already delivered are over 2 200 high-quality rental units in areas such as Tembisa, Mamelodi, and Cosmo City. “From a pure sort of job creation perspective, there's quite a few local contractors that have built up teams and businesses. One of the success stories is one of the local contractors actually now does work across Sandton, Four Ways. So they've actually kind of branched out of just focusing on working with the INDLU team to build those units to building across South Africa, or building across Gauteng - and that's actually such a great story. It just shows you the power of getting an opportunity.”
Anglo American's interims dazzled - earnings up 35%, free cash flow up nearly 150%, the dividend all but tripled. But BizNews editor Alec Hogg looks past the headline to what Anglo's walking away from: steelmaking coal sold, De Beers going for a tenth of what it paid, and a Teck merger that moves the head office to Vancouver. A 109-year-old Johannesburg company is quietly leaving. He pairs that with Old Mutual's finding that half of working South Africans now gamble - the sharp end of a two-speed nation. Plus ArcelorMittal, Reinet, Woolworths, a post-Fed bond rout, and the great Microsoft-Meta AI tension.
In today's episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa's impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia's kwacha surging against the rand, and the mixed reality behind Zelensky's meeting with Trump.
Treasury switched off the taps to 69 municipalities for doing nothing about corruption and mismanagement. Today it switched them back on anyway, days before its own deadline. Alec Hogg asks the obvious question nobody in government wants to answer. Plus: why last week's Reserve Bank rate hold is already punishing the rand, a foundation funded by an arms dealer just published a survey putting China ahead of America in young Africans' eyes, and on the JSE it's a tale of two extremes: Valterra Platinum showering shareholders in cash while ArcelorMittal's losses widen by the day. And the machine that prints the world's most advanced chips just found out China isn't waiting around.
In his latest interview with Chris Steyn, Political Commentator Solly Moeng, talks about four political parties joining in a Constitutional Court bid to try and overturn President Cyril Ramaposa's impeachment committee interdict; a murder investigation into the death of General Sindile Mfazi, who was investigating an unauthorised undercover operation to cover up wrongdoings at high level; and the assassination of another corruption whistleblower, Emfuleni accountant Martha Rantsofu. “...everything that we see is really just the tip of a huge, massive iceberg. I'm sure there are other bodies, dead bodies all over the place, of people who said: ‘I cannot support this, or I'm going to report this, or this is not the right way to do things’… There's a whole industry that has been set up where you get given two thousand, ten thousand depending on where you're at, to go and pop somebody.” Moeng also comments on the corruption trial of former Defence Minister Nosisive Mapisa-Nqakula; the expose of former IDAC Chief Andrea Johnson’s agenda; the management mayhem at the Public Investment Corporation (PIC); and former President Jacob Zuma’s latest antics.
In today's BizNews Daybreak, SK Hynix posts profit gains while Nvidia’s CEO defends open-weight AI amid safety warnings and new hacking reports. Ford raises its outlook and Visa cuts 2,600 jobs. In South Africa, SAPS data reveals over 99% of gun murders involve unlicensed firearms, while the Phala Phala impeachment battle reaches the Constitutional Court. Plus, analysts preview the US Fed interest rate decision and weigh oil market scenarios from $75 to $150 per barrel.
In his latest interview with Chris Steyn, Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, talks about the revelation that - in the last four financial years - over 41,000 murders were committed with unlicensed firearms, but fewer than 400 murders with licensed firearms whilst the government is pushing for stricter self defence laws. “There's no doubt that there’s some kind of a political ideological push to disarm and to centralise power…if they should ever succeed with this draconian and absolutely ridiculous piece of legislation, it would result in tyranny.” Commenting on the resignation of IDAC Chief Andrea Johnson, Cameron notes that a “specific faction of people…seemed to be dead set on securing control of certain leadership positions…if you had gained control of especially Crime Intelligence and obviously the office of the National Commissioner, you would have relatively easy access to the Secret Service funds, which obviously is massive amount of money that very often ends up in a political tug-of-war because if you control that and you know how to seemingly use it in the wrong way you would be able to get a lot of money for your campaigning and political work.” He warns: “...we mustn't underestimate how in-depth and detailed a lot of the planning goes to perform some of these bigger, broader strategies. I think it was, is, possibly, might still be, a massive risk to the stability of the criminal justice system.”
Two judges signed the same court order and can't agree on what it actually stops. Now Ramaphosa's impeachment fight is headed to the Constitutional Court, with the ANC's own GNU partner pushing Parliament to keep working in the background regardless. Meanwhile South Africa's bookmakers want prediction markets like Polymarket treated as illegal, three JSE-listed companies posted results pulling in three different directions this morning, and overnight a sell-off in AI and chip stocks wiped billions off names like Nvidia and SK Hynix. Alec Hogg unpacks what's actually driving each story, and what it means for your money.
In today's episode, we cover the US-Iran diplomatic talks and escalating tech wars with China's new DUV lithography machines. Locally, Jabulani Khumalo warns of Jacob Zuma's alleged plot to seize MK Party finances. We also examine a warrantless SAPS and Home Affairs raid on a Western Cape estate. Finally, Alec Hogg unpacks the Reserve Bank's shock rate hold that battered the rand, while analysts debate mega-cap tech's market leadership.
In his latest interview with Chris Steyn, the real founder of MKP, Jabulani Khumalo, comes out in support of The African Renaissance Unity Party (ARU) founded to lobby for the interests of traditional chiefs and their communities. With Khumalo's battle to reclaim control of the party - “hijacked” by former President Jacob Zuma - still winding through the courts, he calls on MKP members to vote for ARU in the upcoming Local Government Elections. He fumes at Zuma’s latest shock move to take over personal control of MKP’s finances and warns: “people must know that Zuma doesn't like MK. Zuma is the ANC - and he will die as the ANC. So he's in the MK just to loot money”. Khumalo describes how the “craziness of Zuma” and the games he plays have created mayhem in MKP. As for the enduring relationship of the former president with the fugitive Guptas of State Capture, Khumalo charges that Zuma’s aim was to use them to move money out of the country for him. He also reveals what is behind Zuma’s shock move to kick his daughter, Duduzile, out of MK.
An anti-immigration raid on a private housing estate in the Western Cape is causing a furore. In this interview with Chris Steyn, Eva Crouwel, a property owner on High Riding Estate, describes how police in a fleet of about six vans - accompanied by Home Affairs officials - descended on the estate last week, gained entry without a warrant, “stopped their vehicles at multiple properties, were knocking on doors, were hooting their cars, effectively in an effort seemingly to gain access to the properties” until they were escorted off the estate by several residents and security. Crouwel, a trained lawyer, says: “I have done some investigation into the various applicable legislations and have not been able to ascertain that there is in fact a permission for access to private residential properties without producing a warrant…And if we allow the Police Force of South Africa to enter those premises without due cause or warrant, then that becomes a very slippery road that we are going to find ourselves on.” While the matter is now under further legal advisement, Crouwel has this advice for other estates: “Unless somebody has a warrant against you or something on your property in a very well described matter, on duly documented legal documents, you are not under any responsibility to let them onto your property.”
Elon Musk tells The Economist that AI will out-think the whole of humanity within five years, and he sounds strangely at peace with that. Back home, the Reserve Bank blindsided everyone with a shock rate hold, the Rand took its worst knock in months, and Citigroup walked away from a bet it had believed in for weeks. Add a dramatic exit at the top of South Africa's anti-corruption unit, big numbers from Vodacom and Impala Platinum, and a fond farewell to RW Johnson, and that's a full day of news in about twenty minutes. Have a listen.
In today's BizNews Daybreak, we explore global market pressures, starting with new US Section 301 tariffs affecting South Africa and 60 other economies. Former Israeli adviser Mark Regev discusses strained Pretoria-Israel relations and ICJ genocide charges. Furthermore, we preview upcoming central bank rate decisions, Nvidia’s potential $250B OpenAI data center deal, tech mega-cap earnings scrutiny on AI CapEx, and US economic growth.
In the latest NdB Sunday Show, Chris Steyn spoke to Mark Regev, the former senior advisor to Israeli Prime Minister Benjamin Netanyahu. On the bilateral relationship between South Africa and Israel, he says: “... it's clear we're going through a difficult period. South Africa says it wants to promote peace and justice in the Middle East. But you can't do that by only speaking to one side. You can't do that by ignoring one side.” He contrasts that to a visit to Israel by the late President Nelson Mandela during which he stated that Israel had a right to live behind secure borders. Asked what Israel would do if US President Donald Trump exited the Iran war under pressure, Regev was adamant that Israel would protect itself.. “Now, if that can be done diplomatically through an agreement, of course we would support that. If unfortunately the regime isn't willing on its own devices…to stop its quest for a nuclear weapon, then Israel…reserves the right to act.” He deems Israel to be in a better place now than before the October 7 Hamas massacre: “we have bounced back and we have shown that we can defend ourselves, and those who will try to murder our people, those who will try to butcher our children, will pay a price.” As for the elimination of Hamas operatives involved in the attack, he stresses that “longstanding Israeli policy is that you will be brought to justice one way or another”. Regev explains why “no one in Israel is going to be talking about a Palestinian state for the foreseeable future”. And describes how Israel has also “decimated” Hezbollah, whose “ferocious military machine” was “much stronger” than that of Hamas and the Lebanese State. Regev is also a former Ambassador to the UK, the co-host of the "Israel Undiplomatic" podcast, and lecturer in International Relations at Reichman University.
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Lance Dickson kept having the same conversation. A failing council. A price hike nobody could explain. Everyone complained. Nothing changed. So he built Ryze instead, a self-funded civic action platform designed to convert that outrage into organised economic consequence. In his latest interview with Irakli, the founder unpacks the six-agent AI cluster running underneath it, from a news-scanning watchdog named Argus to a legal gatekeeper named Shield, built so nothing goes live without clearing a legal check first. The mechanism isn't new. Pamphlets and word of mouth forced PUTCO to reverse a bus fare hike in 1957. Dickson just wants to run it at national scale. The urgency comes from the street, not the boardroom. "I literally got told yesterday from a petrol attendant that he doesn't know who to vote for," he says. He traces the instinct back to the country itself. South Africa, he says, is "known as one of the countries that have put boycotting on the map."
In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against rampant speculation within the current AI boom. Plus, overnight global updates on US tariffs, Intel, and SpaceX.
Sean Peche has spent 2026 doing the opposite of the crowd. While the market piles into AI, memory chips and Elon Musk's every pivot, the Ranmore founder has been selling Tesla, walking away from SpaceX and quietly buying into Adobe and Tencent instead. In this conversation with Alec Hogg, the South African-born, UK-based fund manager breaks down why Alphabet's capex bill worries him, why Britain's new Prime Minister just handed him a trade, and why getting rich slowly beats chasing the next shiny thing.
Joburg is bankrupt, and Helen Zille says the city did it to itself. In her director's cut interview, the DA's mayoral candidate explains why half of Johannesburg's infrastructure budget went unspent last year, how "wasted" ward votes are quietly handing the ANC an advantage, and what she really thinks about the Steenhuisen-Tony Leon lobbying row threatening to embarrass her own party. Plus, why the market just punished Alphabet, Tesla and Patrice Motsepe's ARM for spending big, while rewarding the cash hoarders at Mr Price. Ranmore's Sean Peche explains why he wouldn't touch Tesla at these numbers.
In this interview with Chris Steyn, Heindrich Wyngaard, the executive chairperson of Cape Forum, details plans for a protest outside the National Assembly next month over the long wait for appropriate legislation to enable a provincial referendum . “And we are also planning to be present at that Home Affairs Portfolio Committee meeting on the 11th of August to ensure that enough pressure is put on the committee to speed up the process.” Meanwhile, Wyngaard hails plans by the City of Cape Town to establish its own detective force as a significant step towards the devolution of policing powers. “The evidence is clear to whoever is watching the Madlanga Commission's hearings, whoever has been following the Parliamentary Ad Hoc Committee sittings that……the state of policing is rotten. The crime stats…has not convinced us or anyone in the country that the police are winning the war against criminals.” As for the SANDF being deployed to Cape Flats, Wyngaard says they are no match for the gangs. "It's deep rooted and has become what I'd like to call an established underworld economy…So it brings us back to the plan of Geordin Hill-Lewis and the Democratic Alliance …to claim detective powers for the Metro Police in order to ensure that we get to where we should get to, which is successful prosecutions of those being caught by the police.”
Helen Zille has swapped the Iron Lady tag for "DJ Gogo", but the numbers she puts on the table are dead serious. In this conversation with Alec Hogg, she says Johannesburg only spent half of an eight billion rand infrastructure budget last year, warns that DA supporters staying home on election day could hand the city to the ANC, and lays out exactly how vote-buying has turned South African coalition politics into what one commentator called "auctions". She also responds directly to the lobbying row involving John Steenhuisen and Tony Leon, explains the real mechanics behind uMngeni's 42-vote nail-biter, and says plainly why she believes this election is Joburg's last chance to turn itself around.
In today's BizNews Daybreak, we cover overnight tech earnings with mixed results from Alphabet, Tesla, IBM, and Texas Instruments. Economist Dr. Iraj Abedian weighs in on the global fallout of the Middle East conflict, while SA engineer Peli Collins discusses his new space startup, Beyond Reach Labs. Meanwhile, OpenAI admits its AI model inadvertently hacked Hugging Face, raising serious cyber concerns, and Helen Zille addresses the Joburg mayoral race, giving her take on Herman Mashaba.
Seven months into the Iran war, economist Iraj Abedian tells Alec Hogg that Donald Trump has lost more than the battle for the Strait of Hormuz: he's lost America's standing as the world's dominant power. Abedian explains why the narrow waterway carries a third of global oil, why the mullahs are more afraid of each other than of Washington, and why South Africa's tilt toward Iran through BRICS looks like a costly misjudgement. He also has a warning for the Gulf states banking on American protection, and for the rest of us watching from the sidelines.
Pele Collins went from leading the SpaceX parachute engineering team that brought American astronauts safely home to co-founding a Y Combinator-backed deep tech startup, Beyond Reach Labs. In his latest interview with Irakli, the proudly South African engineer reveals how his team is tackling the ultimate pick-and-shovel play for the next era of the space race: deployable structures that unfold from the size of a dining table to a full-sized football field in orbit. Building in space historically meant assembling structures piece-by-piece over dozens of rocket launches. Collins wants to bypass those massive costs using dynamic, folding mechanisms. While the company initially entered Y Combinator focused on simulation software, raw customer feedback forced a fast pivot to pure hardware. “...customers said this, I mean this tool's amazing, we'd love to use it, but honestly, can you just go design and build the thing for us?” Collins recalls. Collins credits his resilient problem-solving mindset to his South African roots, highlighting a culture of mutual support that even landed him his first break at SpaceX under a fellow South African manager. “South Africans also always help each other out and... open doors for each other,” he says.
South Africa's BRICS bet on Iran is about to cost you at the pump. As the Strait of Hormuz standoff drags on, economist Iraj Abedian tells Alec Hogg why a third of the world's oil is stuck behind a 33km bottleneck, why Dubai is now more exposed than Israel, and why South Africa backed the wrong side. Plus: a boardroom bloodbath at the PIC, an ugly inflation surprise, a R21 billion Pepkor fintech deal, and a tribute to the late RW Johnson.
In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column that ended their working relationship, and the warmth he never stopped showing even after he stopped writing for BizNews.
In today's Daybreak, we unpack the growing impeachment momentum against President Ramaphosa and its potential threat to the government of national unity. We also dive into Sasol's operational rebound, highlighted by Secunda's best production run in five years. Globally, we explore Trump's proposed generic drug tariffs, a chipmaker-led market rally, the rise of China's Kimi K3 AI model, and how Middle East tensions are impacting local fuel prices.
Former hedge fund manager and CFA James Gubb argues the AI boom is real, but many investors are backing the wrong winners. In this interview with Alec Hogg, he explains why Oracle's credit downgrade could signal deeper cracks, why OpenAI and hyperscalers face mounting pressure, how China's AI advances are reshaping competition, and why energy - not AI models - could deliver the biggest long-term investment opportunity. Is this another dot-com bubble, or something even bigger?
Veteran investor James Gubb joins BizNews Edge to cut through the AI hype, weighing today's data centre spending against history's biggest capital booms and explaining why he's backing energy and nuclear stocks over AI names themselves. Also on today's show: Sasol's operational turnaround continues even as its share price cools after a strong run, Nedbank locks in its East Africa expansion via Kenya's NCBA Group, and Kumba Iron Ore's ugly trading update lays bare the toll of a strong rand and Transnet's rail failures. Plus, why Thursday's Reserve Bank rate decision just got more hawkish.
In this interview with Chris Steyn, Independent Governance Expert Richard Chelin predicts that an impeachment of President Cyril Ramaphosa would have grave consequences for the Government of National Unity (GNU) - particularly in the light of Vice President Paul Mashatile’s keenness to work with parties other than the Democratic Alliance. “I think we will see some great fractures coming to the fore. Because we have to remember that there are very difficult political factions, some within the ANC themselves are willing to work with other parties besides the DA. And I would say it's going to be quite a tough time.” Chelin hails the latest development in the Tembisa Hospital looting scandal with President Cyril Ramaphosa’s nephew by marriage permanently forfeiting R326-million of assets. Chelin rates the overall performance of the GNU; examines the differences in effectiveness between the Zondo and the Madlanga commissions of inquiry; laments the “lack of teeth” of parliamentary committees; applauds the strong role played by civil society in enforcing proper governance through the courts; and slams political parties for clogging up the overburdened justice system. “There's quite a sad irony here because civil society goes to court to hold those in power to account. But then…political actors…weaponise the courts with their delaying tactics…”
In this episode of BizNews Daybreak, we cover global strikes in the US-Iran conflict, Red Sea shipping risks, Paramount's blocked merger, and new UK Prime Minister Andy Burnham. Locally, Parliament's Ian Cameron questions SAPS's R3.6bn senior leadership salary bill, Mayor Chris Pappas highlights uMngeni's governance model, Russell Lamberti proposes subnational AGOA trade reforms to protect businesses, and a new drive aims to register South Africa's informal waste pickers.
In April he told the country he was done, headed for the private sector. By July he'd changed his mind. Chris Pappas, the DA's rising star and mayor of the party's only municipality in KwaZulu-Natal, explains to Alec Hogg why nobody in his own caucus would take the job, what that says about the DA's succession problem, and why he thinks a 25 to 30% national showing is realistic for the party come November. Plus: Gayton McKenzie's R31 million World Cup bill, South32's big bet on copper, and the helium squeeze putting an obscure Free State gas field on the world's radar.
Chris Pappas was set to leave politics for the private sector. Instead, he's back, seeking a second term as uMngeni mayor after talks from colleagues, community leaders and supporters. In this candid interview with Alec Hogg, Pappas explains why he changed course, reflects on the DA's prospects ahead of the 2026 local elections, defends the party amid recent controversies, and outlines his long-term ambitions. He also argues that uMngeni's governance record offers a blueprint for the rest of KwaZulu-Natal.
In his latest interview with Chris Steyn, Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, reveals that the South African Police Service (SAPS) has 722 brigadiers and generals that cost nearly R3.6 billion in pay and maintenance. In addition, only five of 823 senior SAPS officers underwent lifestyle audits in the 2024-25 financial year - and all five were cleared. Describing how certain officers jump ranks, Cameron says: “It seems that you either need to be well connected, not only politically, but strategically connected in parts of the police, or you need to be up to something that you shouldn't necessarily be busy with.” Meanwhile, Cameron denies reports that Special Leave Minister Senzo Mchunu and all the others were cleared in the Ad Hoc Committee draft report. “That's totally false.” As for breaking news of an explosive affidavit by suspended Inspector General of Intelligence Imtiaz Fazel, Cameron says it “draws a bit more of a dark cloud over” Minister Mchunu. “I think it puts a lot more pressure on the President… I think there are many many missing pieces of the puzzle that could be filled in if he (Fazel) is allowed to testify (at the Madlanga Commission).”
In this episode of BizNews Daybreak, political commentator Solly Moeng examines South Africa’s deepening criminal justice crisis. On the global stage, President Trump demands harsher Iran sanctions as Middle Eastern oil routes shift. Meanwhile, Chinese tech startups Moonshot AI and DeepSeek prepare for massive IPOs, investors confront AI energy bottlenecks, Netflix pivots to live content to win screen time, and Andy Burnham prepares for Downing Street.
In this edition of the NdB Sunday Show with Chris Steyn, Political Commentator Solly Moeng lays into President Cyril Ramaphosa - in particular over his desperate court battle to stave off an impeachment hearing. He also reviews a week of extraordinary dramatic scenes at the Madlanga Commission of Enquiry with more pressure building on Crime Intelligence boss General Feroz Khan and IDAC chief Andrea Johnson. “So these are the people who are heading institutions that were designed to stand between South Africa and Hell. But instead they are the ones who are being scrutinised for wrongdoing.” As for tenderpreneur Cat Matlala’s fierce legal representative Advocate Annelene van den Heever buying him more time, and businessman Suliman Carrim shopping at Woollies when he was supposed to be in a medical facility, Moeng charges “these guys - including the president - seem to be lawyering up against South Africa’s democracy…it's almost like we've been living in some kind of Political Ponzi Scheme. We need to bring down the Ponzi Scheme…”
In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch, Netflix’s disappointing sales guidance, a White House teleprompter insider-trading scandal, and the sustainability of skyrocketing margins in the AI semiconductor trade.
In their latest interview with Chris Steyn, Willem Els of the Institute for Security Studies (ISS) and Richard Chelin, an independent governance expert, share details of the war on drugs and crime in South Africa. Describing the struggle of dedicated detectives, Els reveals “for the past three months at one of the units they use a private vehicle and they rotate…and they are filling it up…just to do the job. You know, that's dedication - and that's the thin blue line that we are talking about; and those are the guys that actually make a difference in South Africa and stand between us and anarchy if you look at what's going on in the police.” On top of their lack of resources across the board, they are battling huge management challenges: “...they're running out of commissioners or generals to appoint as acting because of the arrests and so on….it is very demoralising if the one that you're looking up, if the one that is supposed to give you guidance, is actually exposed as a possible criminal. And who is guiding them then? You know, so those guys have got a real challenge. Their role models are being arrested. What now?”
The PIC's governance crisis has reached the regulator. Hours after suspending CEO Patrick Dlamini and acting CIO August Uys, the board now faces a formal FSCA Section 135 investigation into governance, leadership and transparency at the R3.5 trillion asset manager. DA federal finance chairperson Dr Mark Burke tells Alec Hogg why this is the fifth executive suspension in two years, how a murky Lanseria Airport shareholding sits behind Dlamini's fall, and why two ANC factions inside the GNU are pulling in opposite directions on the PIC's unlisted investments. Also on today's Edge: Amazon's quiet regulatory win over Starlink, a rescue deal taking shape for ArcelorMittal's Newcastle Works, and a tidy payday for Prosus in Uber's swoop on Delivery Hero.
South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark Burke unpacks the unfolding turmoil, the political battles behind the scenes, and why restoring trust at Africa's largest asset manager has become an urgent national priority.
In today's BizNews Daybreak, US-Iran tensions steady oil and Korean tech stocks slide. Fed Chair Kevin Warsh defends his personal trading, while South Africa's PIC faces a deepening executive exodus. We also unpack more on the DA’s Tony Leon lobbying scandal, the temporary closure of London's SA House, and a blunt warning from KPMG's Diane Swonk that persistent US inflation demands two interest rate hikes.
In his latest chat with Chris Steyn, political commentator Solly Moeng dissects the widening scandal around Tony Leon's lobbying amid former Democratic Alliance (DA) leader John Steenhuisen’s mission of vengeance and the damaging fall-out for the party. “...what is very clear is that the DA is no longer just walking on still waters…Geordin Hill-Lewis can't be sleeping with both eyes closed right now...” Moeng also comments on the skeletons toppling out of closets thanks to the Madlanga Commission of Inquiry, including the relationship between Crime Intelligence (CI) Chief General Feroz Khan and Economic Freedom Fighters (EFF) CIC Julius Malema. As for IDAC Chief Andrea Johnson’s sudden hospitalisation ahead of her appearance, Moeng says: “...we see the growth of this so-called Madlanga Ward at some hospital out there…We've been a country of no consequences for too long. They might try…by getting hospitalised, delay processes, lie, protect one another. South Africans must not sleep until there are consequences. We're not just looking for entertainment, we're looking for people to fall because they cannot do this to South Africa and get away with it.” Meanwhile, Moeng hails the arrest of former Ekurhuleni City Manager Imogen Mashazi, one among a spate of top officials and policemen facing the law after being implicated at the inquiry into police and political capture.
South Africa House in Trafalgar Square, a fixture of SA's diplomatic presence in London since 1933, has closed its doors, with the DA's Ryan Smith blaming decades of Dirco neglect and Dirco insisting it's a planned upgrade. Alec Hogg unpacks the row, plus three stories reshaping money and power: the PIC's suspension of chief executive Patrick Dlamini has drawn a formal FSCA probe, chipmaking giant ASML posted a decisive earnings beat, and IBM suffered its worst single-day share drop in history after admitting AI spending is gutting its legacy software business. Four institutions, one lesson: neglect gets found out.
South Africa House, the country's historic diplomatic landmark in London's Trafalgar Square, has closed for major renovations, sparking fierce political debate. The DA accuses DIRCO of years of neglect, poor maintenance and a lack of transparency, while government insists the closure is temporary and planned. Ryan Smith argues the controversy exposes wider failures across South Africa's foreign missions, from crumbling embassy buildings to questionable diplomatic appointments, raising serious concerns about accountability, taxpayer value and the country's global image.
In today's BizNews Daybreak: Trevor Manuel delivers a scathing account of how South Africa lost SAA and Eskom, while the IRR's John Endres warns that trying to wait out the Trump administration could cost the country billions in investment. We also unpacks the first monthly drop in US consumer prices since 2020 under Fed Chair Kevin Warsh, plus OpenAI's deepening legal battle with Apple.
South Africa's weight loss jab boom has a dark underside. A Pretoria pharmacy, iDexis, was producing roughly 84,500 units of semaglutide a month — more than Novo Nordisk's entire local sales of Ozempic and Wegovy — under the guise of a one-off "compounding" exemption meant for individual patients. Regulators only inspected the premises this year, more than two years after Novo Nordisk first complained, and found no sterile ventilation, no batch records, and no adverse-event tracking. Elsewhere, the Public Investment Corporation has suspended CEO Patrick Dlamini over an alleged Lanseria Airport conflict of interest, its fifth executive suspension in two years.
In this wide-ranging interview with Chris Steyn, Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, details the shocking DNA testing backlog. “...this is literally how a child rapist, a child murderer, any murderer or rapist for that matter walks free. This is literally the way that the State, the inability of the State to process this evidence, becomes the reason for a rapist to continue raping.” Cameron discusses the widening scandal surrounding Crime Intelligence (CI) boss General Feroz Khan, the case of suspended Lieutenant General Molefe Fani, and others. “What the Madlanga Commission is showing us is that Khan was actually one of the key pieces of the puzzle for Fani to ensure that this procurement process for PPE during the COVID-19 period was smoothly operated with the South African Police Service……a lot of key players in SAPS knew that Fani had been involved in this irregular PPE procurement during his time as a Chief Procurement officer at National Treasury. And he was still appointed in SAPS as the Head of Supply Chain Management. That tells you that it was strategically done. That would be a key way of ensuring that a 360 million Rand Medicare 24 contract can come in. It's a key way of structuring your entire process before the contract could come in, in order for it not to be red flagged… lot of the things that are happening, make no mistake, it was done deliberately - and it was done deliberately to hollow out and to control the system in order to ensure that further criminality would be able to flourish.”
In today's BizNews Daybreak we cover the escalating US-Iran conflict and its impact on soaring crude oil prices. In South Africa, Dr. John Endres critiques low fixed investment rates, SARU faces backlash over overpriced Springbok tickets, and over 53,000 undocumented foreign nationals are successfully repatriated. Finally, Apple hits OpenAI with a massive trade-secrets lawsuit.
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 policy is running out of road. Endres also unpacks why so many of South Africa's estimated one million skilled emigrants stay away, and delivers an unexpected verdict: he's more optimistic about South Africa's prospects than Britain's, arguing the UK has traded freedom for safety and lost its economic nerve in the process.
In this Director's Cut of BizNews editor Alec Hogg's conversation with IRR CEO John Endres, the full, unedited exchange goes well beyond BEE and the diaspora. Endres unpacks why R1.8 trillion in corporate reserves and R1.5 trillion parked offshore still isn't flowing home, why Washington's frustration with Pretoria is bipartisan and deepening, and why Treasury's decision to freeze equitable-share payments to Johannesburg and 68 other municipalities is a warning shot that could escalate. He also weighs in on the DA's internal turmoil following Steenhuisen's public break with new leader Geordin Hill-Lewis, and why he still won't drop his "conditional optimism" on South Africa.
As fresh American strikes on Iran trigger sirens in Bahrain, global traders are left asking whether the world's most vital oil chokepoint is still open for business. Congressman Greg Stanton warns of surging fuel prices and a war with no clear endgame, new Fed Chair Kevin Warsh heads to Capitol Hill to face the economic fallout, and the political landscape shifts following the death of foreign-policy hawk Lindsey Graham.
Meanwhile, back home, we dive into two critical local investigations. Explosives expert Willem Els breaks down the chilling reality of what a teenager's online manifesto laid out for a packed shopping mall. Plus, Rory Steyn uncovers how new Springbok ticket deals may be quietly gutting the grassroots rugby clubs that built the game.
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 were weeks from "Day Zero" and the catchments were choked with thirsty invasive trees. Her teams have since cleared 40,000 hectares and reclaimed more than 36 billion litres of water. "If we clear that we can reclaim about two months' water supply for Cape Town at a fraction of the cost of grey infrastructure," she says. RMB's Martin Potgieter explains the twist: investors earn a performance-based success payment on top of their coupon, paid only when the trees actually come down and independent verifiers confirm it. The aim, he says, is to "get the investors to start thinking about nature as an asset class," and tellingly, "75% of the outcomes-based funding came from entities that had never before funded nature." Peace Parks Foundation's Colin Porteous frames the deeper problem: "Historically, conservation has been a cash-negative product," and philanthropy alone cannot carry a $700 million, 10-year funding need. Potgieter's parting warning is blunt: ecosystems are "the infrastructure behind the infrastructure," and the money flowing into nature must multiply "by 40, 50, maybe 100 times."
In this edition of NdB Sunday Show with Chris Steyn, explosives expert Willem Els of the Institute for Security Studies (ISS) reveals just how deadly a bomb-making recipe was used by the 15-year-old boy who wanted to commit mass killing at a Ballito mall. “what was really alarming for me when I look at especially the one ingredient that he stipulated…with any explosive substance that you mix, you have to have two ingredients. The one is your reducing agent and one is your oxidizing agent. So… one is the fuel and the other one… provides the oxygen inside the mixture. So that was there. And also we see that it was similar, not exactly the same, but similar to, for instance, the type of explosives that was mixed by ISIS in Europe, especially the attacks in Paris, the attack on the airport in Brussels. And so that killed a lot of people. Very similar. Also, then referred to as the Mother of Satan, those explosives.” The boy’s bomb-making recipe was contained in the last paragraph of a Manifesto written by him. As for why the bomb did not detonate, Els says: “I believe it was a flaw in his construction…it was just burning very fast instead of detonating.” Meanwhile, police are on high alert for copy cat attacks, and Els expresses faith that - despite questions remaining about the initial handling of the case - the investigation is now being properly done by expert investigators.
Springbok ticket prices have soared, suites have been taken over under “clean stadium” rules, and loyal supporters are being squeezed out. BizNews Rugby's boots-on-the-ground reporter, Rory Steyn, speaks to representatives from legendary Joburg rugby clubs and bitter rivals Pirates and Wanderers, as well as chartered accountant and former Sun International CEO, David Coutts-Trotter, about the financial damage being done to community clubs and the growing anger among fans. With families facing an ever-rising cost for a day at the rugby and clubs losing vital income, they warn that SARU’s pursuit of revenue could weaken the very grassroots structures and supporter base that sustain South African rugby.
A former Air Force brigadier is behind bars in the United States, Jasmine Opperman warns the real failure lies in how the State Security Agency handled her. Basic Education Minister Siviwe Gwarube hits back at claims her department is a mess as the DA looks to 2029, while traders pile into Micron and a record SK Hynix listing even as everyone frets the AI trade is overdone. Plus, we look at Iran choking the Strait of Hormuz, Meta charging for its AI, and Ben Bernanke joining Anthropic.
Siviwe Gwarube says South Africa's education system needs long-term reform, not quick political wins. The Basic Education Minister discusses her first two years in office, tackling textbook procurement concerns, eliminating unsafe pit toilets identified in 2018, strengthening early childhood development, and navigating provincial delivery challenges. She argues the real measure of success lies in improving literacy and numeracy from the foundation phase, while defending the DA's record in government and outlining why investing in young learners will shape South Africa's future.
A former brigadier general in the South African Air Force (SAAF) has been jailed in the United States after she pleaded guilty to one count of acting as an agent of South Africa and one of making a false statement in her security clearance application. In this interview with Chris Steyn, Jasmine Opperman, who spent over 20 years in South Africa’s intelligence services, and who is now a senior analyst at Fulcrum Analytics, takes viewers through the case of Portia Anyamba - who held the position of programme management operational specialist in the National Security Programme Office at the Oak Ridge National Laboratory. She came under surveillance by the FBI during regular communication with a State Security Agency (SSA) official stationed at the SA Embassy in Washington and was intercepted prior to another meeting with the official who had instructed her: “Please remember to also bring the laptop with.” Opperman says this case comes at a “very convenient time” for politicians in America. “Is this the ideal situation that the Trump government has been waiting for?”
DA insider and Basic Education Minister Siviwe Gwarube responds to claims that DA ministers haven't delivered, days after John Steenhuisen's bombshell interview shook the party. She explains why the DA's current turmoil could actually be its best opportunity yet, and why she says 2029 is now the party's election to win or lose. Also today: Pretoria's risky new carbon regulations, a Russian oligarch turning on Putin, and why Nvidia's trillion dollar selloff might be a buying signal.
Today's BizNews Daybreak covers escalating US-Iran strikes spiking crude oil and Fed minutes warning of upside inflation risks. Trump permits Ukrainian Patriot missile manufacturing and lifts Syria sanctions, while Apple expands a $30B Broadcom deal and China greenlights Nvidia sales. Locally, Frans Cronje analyses the DA's John Steenhuisen fallout and Willem Els goes through a botched police response to a Ballito mall bomb scare.
Chilling details have emerged of a recent failed bomb attack in the packed Food Court of the Ballito Junction Regional Mall. The device was placed by a 15-year-old radicalised teen intent on committing mass killing, but it failed to explode. The FBI alerted The Hawks, but the bomb had already been placed. The teen was finally arrested last week. In this interview with Chris Steyn, Willem Els, the Senior Training Coordinator on Terrorism and Explosives Related Incidents at the Transnational Threat and International Crimes Programme of the Institute for Security Studies, says: “For a long time, we've been warning about your prevalence of the so-called Lone Wolf scenario in South Africa…And this is maybe a wake-up call for South Africa ”. Prior to placing the bomb, the teen had published his Manifesto on Telegram. In it, he glorified mass killings and claimed that traumatic personal experiences had driven him to extremist online communities whose members were the only people who understood him. Listing all the red flags in the subsequent handling of the case, Els calls for a thorough IPID investigation.
Dr Frans Cronje joins Alec Hogg for a wide-ranging catch-up that reframes the week's political noise into something more useful: a structural theory of why the DA is stuck and what it actually has to do next. His regime change argument is sharp — South Africans have lost confidence in the ANC, but they haven't yet gained confidence in the DA as a replacement. Until they do, the country sits in no-man's land. His defense of Tony Leon is equally direct: what Steenhuisen has alleged is lobbying, not state capture, and conflating the two is both factually wrong and damaging to the economy. Also today: Prosus raises $1.65 billion in investment-grade AI-era debt; Hyprop's oversubscribed JSE capital raise proves the exchange is working exactly as it should; and Rob Hersov makes the case for flagpole neutrality at Bishops.
Frans Cronje delivers a hard-hitting assessment of the Democratic Alliance's internal turmoil, John Steenhuisen's dramatic fall from grace, and what it means for South Africa's political future. He argues the DA's biggest challenge is proving it can govern better than the ANC, warns that voter confidence is slipping, and explains why Helen Zille's Johannesburg ambitions could reshape the country. Cronje also defends Tony Leon, dismisses state capture claims, and outlines why he remains cautiously optimistic about South Africa's future.
In today’s episode, we cover the surge in oil prices following US airstrikes on Iran. We also review $50 billion in new defense deals from the NATO summit in Turkey. Locally, experts unpack the DA’s internal credibility crisis and controversial cabinet appointments, alongside the reality of South Africa's R40 billion automotive subsidy program amid Chery’s plant takeover. Finally, we look at Nigel Farage forcing a by-election by resigning as the Clacton MP.
William Sanderson-Meyer has been watching South African politicians for more than three decades. His verdict on John Steenhuisen's News24 interview is unsparing: it was a ransom note. Not a whistleblower's disclosure, not a principled stand — a threat, published in the open, by a man who cannot accept his own demotion and needs the DA to find him a way out. WSM traces the damage: a personal financial hit of half a million rand a year, severed relationships, a tainted brand, and a party now forced to choose between quietly paying him off or risking a public war three months before a local government election. Either outcome, WSM argues, tells you exactly who is really running the DA. Also today: National Treasury pulls funding from 65 municipalities including Johannesburg, Shell sells its South African forecourts to Abu Dhabi's ADNOC, and 91's founders buy their own shares.
In his latest interview with Chris Steyn, Solly Moeng, blasts President Cyril Ramaphosa for his appointments of Ayanda Dlodlo as Ambassador to France and Dina Pule to Cabinet. “...the ANC still looks in its own dustbin of people they've thrown in the past to say, OK, maybe this one, people have forgotten who they are. Let's use them again.” He further slams the President’s failure to act against suspended Police Minister Senzo Mchunu. “It's the same thing as Jacob Zuma not being charged for State Capture… This whole Madlanga Commission was started because this man decided to, from what we've heard, listen to voices that he shouldn't have listened to in order to dismantle a police unit that was busy scratching in places where seemingly the criminal network was not liking it anymore.” Moeng also describes the “mud pit” predicament of current Democratic Alliance (DA) leader Geordin Hill-Lewis over the damaging public spat between two former party leaders, Tony Leon and John Steenhuisen “... whether Geordin Hill-Lewis wants to be part of the conversation or not, it's hurting the political party. This is the DA that has always been positioned as morally higher, holier than thou kind of party…it's pushing the DA morally, ethically on the back foot. So it's going to be interesting to see how they survive this.” Moeng further comments on the latest corruption revelations at the Madlanga Commission, and the games being played by some of the big role players. “I really hope that Madlanga will give the criminal justice system something that will lead to the fall of the big names hidden in there.”
Iran strikes commercial tankers near the Strait of Hormuz as Tehran enforces its shipping lanes, while Samsung's shares slide despite a 19-fold profit jump and NATO allies brace for Trump's push on defense spending.
Herman Mashaba hits back at claims he left Johannesburg's finances in ruins, and columnist William Saunderson-Meyer weighs the damage John Steenhuisen's allegations against Tony Leon have done to the DA's brand.
Forensic investigator Paul O'Sullivan exposes a recovery scam preying on fraud victims, and Bloomberg unpacks the $2 trillion global race to dominate future battlefields with drones, hypersonic weapons, and AI.
Chery just took over Nissan's old Eastern Cape plant, plugging straight into a subsidy scheme that costs South Africans over R40 billion a year, split between just seven manufacturers. Trade expert Donald MacKay tells Alec Hogg why this isn't a normal acquisition, and how the deal appears to sidestep a contribution other big players like Vodacom and Coca-Cola had to make. With a parliamentary review looming in September, is this subsidy model built to last?
ActionSA president Herman Mashaba reveals what Johannesburg's current mayor told him in a private phone call about why the city can't pay its bills. He also breaks down the Cape Town mayoral race, the anti-immigrant protests spreading across South Africa, and why he won't speak to Helen Zille directly. With the November local government elections looming, his answer to one question raises new doubts about who's really steering Johannesburg into the ground.
Kyiv faces fresh Russian missile strikes ahead of the NATO summit in Turkey, while tensions linger following the death of Iran's Supreme Leader. Meanwhile, OPEC+ quotas drop oil prices, Alibaba blocks a US blacklist order, and investors fret over an AI chip stock pullback. Locally, Jacob Zuma's Gupta meeting and Cyril Ramaphosa's controversial appointment of Dina Pule ignite political accountability debates.
In the latest NdB Sunday Show Chris Steyn talks to Lauren Evanthia, the founder of the Organic Humanity Movement (OHM), about former President Jacob Zuma’s reunion with one of the Guptas in India in the presence of a South African diplomat, while South Africa is struggling to find the Guptas and extradite them for State Capture; President Cyril Ramaphosa’s appointment of Dina Pule as a Cabinet Minister a decade after she was removed from Parliament; and the revelations of the secret messages on the phone of Crime Intelligence (CI) boss General Feroz Khan who fought so hard to prevent access to his devices and now he is in hospital fighting for his life after an alleged assassination attempt - just days before he was going to be questioned at the Madlanga Commission of Inquiry. “... are we just gonna sit here, carry on watching the Madlanga Commission day in and day out and not do anything? Instead of just treating it like a daily soap opera, we should be getting more angry because we are only seeing a small little peek. We're not seeing the full scope of the criminal enterprise that is our government.”
New By-Election data shows the DA outpolling the ANC nationally for the first time. Meanwhile Bloomberg's Mike McGlone explains why crude could fall well below $57 a barrel despite Gulf tensions, KwaZulu-Natal farmer Pete Keen details the mounting cost of the foot and mouth disease crisis, and OpenAI's proposed 5% government stake raises questions about who profits from the AI boom.
Six months ago, KwaZulu-Natal farmer Pete Keene came to BizNews with a warning nobody wanted to hear. His herd was a hundred percent infected with foot and mouth disease, the government's response had a zero percent chance of working, and the law wouldn't even let him reach for a needle and syringe. Today, a lot has changed on paper — the High Court struck down that law, the minister who defended it has been removed — but Pete's message is stark: the fire is still burning, and the real cost, a calving rate that crashed from ninety to thirty percent, won't fully show up until 2032. He never asked for a bailout. He asked to be heard. Also today: Johan Rupert sits on a R100bn cash pile after the cleanest exit in Remgro's history; the DA leads the ANC in by-elections nationally for the first time, then detonates a credibility bomb in the same week; and Business Unity SA walks away from the UIF after six years of being ignored.
Ramaphosa has handed the R300 billion social grants portfolio to Dina Pule - the minister Parliament once fined for persistently lying about a contractor relationship. Forensic investigator Paul O'Sullivan meanwhile spent six hours before the commission this week - speaking to Alec Hogg yesterday, he lays out uncomfortable history on General Mkhwanazi that cuts against the whistleblower narrative. Apple is negotiating chips from Chinese firms blacklisted for military ties to Beijing, while SARB governor Kganyago warns inflation expectations are creeping above target heading into July's rate decision.
In this interview with Chris Steyn, Willem Els of the Institute for Security Studies (SS) and Richard Chelin, an independent governance specialist, describe how organised crime syndicates have transitioned from making fake Covid-19 vaccines to flood the South African market with fake pharmaceuticals, particularly lifestyle drugs, like those for weight loss. They also comment on breaking news that a Magistrate has rejected the plea deal of tenderpreneur Cat Matlala. Chellin raised the question whether the plea deal in this highly politicised case could have been rushed, and Els says: “...if you look at the charges that he is facing and you look at the severity of those charges and you look at the deal that's been cut with him, the two don't add up…that was a sentiment also of the judgment by the magistrate….”. As for the mystery surrounding the apparent assassination attempt on Crime Intelligence boss General Feroz Khan just days short of his appearance before the Madlanga Commission, Els adds: “They have to cut this one to the bone because I think it's in the interest of the rule of law in South Africa.”
Forensic investigator Paul O'Sullivan spent over six hours giving sworn testimony to the Madlanga Commission on Monday — and his argument cuts straight through the mythology around General Ntlantlam Mkwanazi. O'Sullivan says the man hailed as a rare whistleblowing cop has in fact been part of the problem since 2012, when he unlawfully unsuspended Richard Mdluli on what O'Sullivan says were Jacob Zuma's instructions — then covered it up for eight years. A whistleblower, he told the commission, needs clean hands. He also argues Mkwanazi's balaclava-clad press conference of July 2025 was timed to deflect from the arrest of seven senior crime intelligence officers two days earlier. Also today: Ramaphosa's cabinet reshuffle delivers one jaw-dropping own goal — Dina Pule, found guilty of persistent dishonesty by Parliament, now controls R300bn in social grants. And South 32 shares jump 10% as Alcoa commits $5.5bn to South African industrial assets.
South Africa's anti-immigrant national shutdown deadline arrived with violence in Johannesburg and the world watching. The S&P closed its best quarter in six years, Anthropic's export controls were quietly lifted overnight, and Tony Leon is not just firing back at John Steenhuisen - he's now weighing legal action.
Freedom Front Plus leader Corné Mulder gives BizNews the clearest outside read yet on the Democratic Alliance's implosion — tracing the Steenhuisen saga back to Trump's first executive order, the Oval Office "dim the lights" meeting, and a coalition built without a negotiated platform. Mulder explains why he feels sorry for his old rival, draws a hard line between DA and FF Plus values ahead of the local government elections, and warns of "bad actors on the periphery" who want South Africa's economy to fail. Plus: ABSA shares drop 8% despite calm guidance, and Tony Leon hits back at Steenhuisen's claims that his firm pulled strings behind the scenes.
South Africa is not only dealing with a National Shutdown this week, but also with a couple of political hand grenades. In his latest chat to Chris Steyn, political commentator Solly Moeng his gives take on the alleged assassination attempt on Crime Intelligence (CI) boss General Feroz Khan just days before he was due at the Madlanga Commission, which heard testimony today that allies of the General had offered MKP MP Vusi Shongwe a R10-million bribe to back off pursuing testimony from him; as well as bombshell allegations from embittered former Democratic Alliance (DA) leader John Steenhuisen. “...Who owns the truth? Do political leaders and other office bearers take decisions because they really came to a point of being informed that this was good for South Africa, or are they doing it because somebody else is paying somebody else to convince them that's the way to go?” Moeng also comments on breaking news of violence erupting between marchers and residents in Yeoville amid relative calm on National Shut Down day.
Author Rian Malan fires off a pointed open letter to Helen Zille on the anti-migrant marches sweeping South Africa, while a former DA leader breaks ranks on his own party just months before the 2026 municipal elections.
Also today: oil jumps as Iran moves on the Strait of Hormuz, Tesla rallies on a Full Self-Driving rollout, and a whistleblower pushes for criminal accountability over corporate silencing.
Rian Malan is the author of My Traitor's Heart — a bestseller translated into 11 languages, still in print decades after publication, and a book that drew praise from V.S. Naipaul, John le Carré and the New York Times as one of the most important works ever written about South Africa. In short, he is the real thing, one of the finest non-fiction writers our country has produced. And for me, easily the greatest living SA writer. Commissioning Malan at rates that reflect his stature is beyond what BizNews can fund from its operating budget. The economics of modern media — collapsing CPMs, platform aggregation, subscription fatigue — make it impossible. But a BizNews community member has changed that. Their donation has seeded a commissioning fund dedicated to sourcing the very best South African writing and research for our readers: work we could not otherwise afford. This is not charity. It is an investment in the journalism South Africa needs — fearless, deeply reported, written with the skill that makes it stick. If this piece moves you, consider joining the fund. Write to me via alec@biznews.com. Not to cover salaries or overheads, but to put more Rian Malans in front of more South Africans. And for the rest of the tribe, enjoy. - Alec Hogg
Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword for discount and drift, has delivered full-year results that show a genuine turnaround — every regional ecosystem now profitable, Takealot breaking even for the first time, and a buyback programme outpacing Meta and Apple. And then the story Alec Hogg has been building toward for months: Malcolm King, the invisible man behind the Steinhoff fraud, found dead in a Cotswolds village — poisoned by a Romanian sex worker — before justice could reach him. The Reserve Bank reckoning rolls on. This one is worth your full attention.
South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route is worth the risk. We also unpacks Cape Town losing its clean audit, a record Korean tech bet, and Venezuela's climbing earthquake toll.
In the latest edition of the NdB Sunday Show with Chris Steyn, Lauren Evanthia, the Founder of the Organic Humanity Movement (OHM), talks about fears that the National Shutdown this week could spark unrest with African National Congress (ANC) SG Fikile Mbalula accusing former President Jacob Zuma of fuelling anti-immigrant violence: “..when we reach a point when…systems start to crumble because of government failure and the lack of ethical leadership, what happens is that society starts to take over. And it takes over in a very chaotic way because we don't have a replacement for government failure on such a large scale.” Commenting on the SG’s defence of the ANC Speaker of Parliament over her handling of the Phala Phala matter, she fumes: “..people can hide behind parties...the party politics in South Africa is in my opinion the number one biggest stumbling block towards our progress as a nation”. As for tenderpreneur Cat Matlala cutting a plea deal and turning State Witness, Evanthia charges: “…these commissions of inquiry that keep on happening are just a distraction to the fact that we're not actually going for solutions in this country. Those with power are not implementing solutions.” Also on the agenda is new Democratic Alliance (DA) leader, Geordin Hill-Lewis, under fire already because Cape Town has lost its clean audit status, and the former leader of the party, John Steenhuisen, is spewing bile because he feels betrayed by his erstwhile friend.
The Zynga founder and OpenAI investor can't understand why analysts cap consumer AI at $500 billion in what he sees as a $6 trillion market - he thinks that gap is exactly where the real opportunity lies. Oil spiked as Iran struck a cargo ship in the Strait of Hormuz mid-negotiation, OpenAI stalled its IPO, and African Bank posted a near-billion-rand loss. Back home, who is behind the assassinations of candidates and councilors during South Africa's voter registration weekend, and what does it mean for the elections ahead?
African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up more than sixfold, and the very morning African Bank’s loss landed, Tharisa was locking in fresh funding for its next mine. Anglo American, meanwhile, is reshaping itself around copper, selling out of coal and much of its South African portfolio while holding on to iron ore, and what that signals for local investors is the real question.
In the latest edition of The Electoral Road Show, Chris Steyn and elections analyst Wayne Sussman talk about Ekurhuleni finally managing to pass a R71-billion budget thanks to the Democratic Alliance (DA) supporting the African National Congress (ANC). Sussman warns: “...we know the Freedom Front did far better in Ekurhuleni than the City of Johannesburg in 2021. And they could also say, look, the DA and the ANC are the exact same, there's no difference, vote for us. We will stand up to the ANC. So on the one hand, the DA is saying they're acting in the residents' interest, they're acting in service delivery' interests, but critics of the ANC and DA will paint another picture.” Sussman also analyses the results of last night by-elections in which both the ANC and the DA held wards with “the DA laying down a marker to the Freedom Front in the Northwest, and the ANC certainly making a big point with its strong showing in Bushbuckridge”. As for the spate of killings of politicians and activists over the past registration weekend, he says “it is plausible that these might be politically motivated hits”.
South Africa made World Cup history as Bafana Bafana beat South Korea to reach the knockout stages for the first time ever. Oil slides for a fourth straight session on Iran deal oversupply, and Micron surges 11% on AI chip demand. The bigger question hanging over the morning: what has President Ramaphosa still not told South Africa about the Phala Phala money - and can the truth stay hidden?
Bafana Bafana are one result away from making World Cup history — but the path to the Round of 32 is complicated. With one point from two games and South Korea standing in their way on Thursday morning (3 AM SA time), Hugo Broos' men still have multiple routes through. The question is: how likely is each one?
In this video, we break down every scenario that could see South Africa advance — from the clean path (win and you're through) to the long shots that would have the whole country refreshing standings tables in the early hours. We look at what the betting markets say, what Opta's numbers tell us about Bafana's actual performance level, and what the BizNews AI Predictor — our new data-driven match analysis tool — makes of South Africa's chances against South Korea.
⚽ Every qualification scenario explained
📊 Opta xG data, betting odds, and deep stats unpacked
🤖 The BizNews AI Predictor verdict: South Korea 56% | Draw 31% | South Africa 13%
🇿🇦 Can Bafana make history?
The alarm is set for 3 AM. Let's talk about it.
Nedbank confirmed its guidance this morning, and its East Africa deal is weeks from closing - a transformation most investors are still underpricing. Grindrod's Port of Maputo posted extraordinary volumes, but the share may already be priced for perfection. A small coal miner no one follows just disclosed an 1,800% earnings swing, and the full story has not landed yet.
Three politicians - an ANC councilor and two aspirants from rival parties - were gunned down in a single evening as South Africa's 2026 election year turns violent, and a commentator warns the worst may still be ahead. Steenkamp Kraal's rare earth processing milestone gives the West its clearest shot yet at breaking China's grip on critical minerals, while semiconductor stocks shed more than 10% overnight on fears AI data center demand is cooling. Plus the US Senate breaks with Trump on Iran in a 50-48 vote.
Election year 2026 is turning deadly and dirty. In his latest interview with Chris Steyn, political commentator Solly Moeng slams the Speaker of Parliament for not opposing President Cyril Ramaphosa's urgent bid to stave off his impeachment inquiry. “I for one should not be surprised if the Speaker would have been called into some meeting somewhere with the political party leadership that deployed her…to say: listen, this is the way we want this thing to go.” He also laments the spate of political killings that has seen an African National Congress (ANC) councillor and two aspirant councillors, one from the Democratic Alliance (DA) and one from BOSA gunned down in one night. “... there are of course people who also see these as opportunities for a job to climb up and to access the feeding through as it were. Either way it's a very risky position because sometimes people are even killed by their own comrades, their own people from the same political party, wanting to occupy the position.” Lastly, Moeng reveals why he left ActionSA despite being brought back to South Africa by its leader Herman Mashaba after he had been forced out of the country by the ANC.
We explore a toughening economic climate as South African consumer confidence drops and central bank indicators flash red. Discover why the market is blindly punishing value, dragging down Sibanye Stillwater’s debt-free gold business despite solid restructuring plans. We also highlight Attacq’s resilient property portfolio and Steenkamp Kraal’s historic rare earth processing breakthrough. Finally, we head global to unpack Andy Burnham’s sudden political rise in the UK and SpaceX’s dramatic post-IPO market slide.
Today's BizNews Daybreak covers the US granting Iran a 60-day oil sale license following Switzerland peace talks. Tech stocks retreat as Alphabet slips 5% and Qualcomm eyes a $4 billion Modular acquisition.
In the UK, Keir Starmer resigns as PM, clearing the path for Andy Burnham.
Plus, the ISS warns of Mexican drug cartels in South Africa, Naspers reports surging core earnings, and Nouriel Roubini turns bullish on US productivity.
Following the recent R1-billion drug bust at Beitbridge, there is renewed focus on the warning by KZN Provincial Police Commissioner General Nhlanhla Mkhwanazi that South Africa could become another Mexico or El Salvador if politically- and police-connected drug cartels were not dealt with. In this interview with Chris Steyn, Willem Els of the Institute for Security Studies (ISS) shares the findings of the ISS' latest drug study. “On the operational level, we're sitting with severe challenges. We've got most of the senior commissioners of police that are being arrested or suspended or so on. So we've got a power vacuum there and so on… one of the biggest challenges is the severe disinvestment in your capability in the police, intelligence-wise, as well as operational. We do not have boots on the ground. We do not have sufficient equipment and infrastructure…. ” Els details the ISS’ recommendations, and expresses optimism that with the appointment of General Mkhwanazi as Head of the Organised Crime Desk, “there might be some improvement now”.
Good numbers, wrong catalyst. That's the Monday verdict on the JSE. Naspers flagged core earnings growth of up to 28% and still lost ground, sitting 37% off its 52-week high. Standard Bank reported resilient five-month earnings but moderated from a 12% first-quarter pace — sell-the-news into a stock already up 8% in a fortnight. Herriot acquired three Gauteng office blocks in a related-party deal worth R129 million. Meanwhile, Keir Starmer resigned as British prime minister two years after a landslide victory, gold held above $4,200, and US-Iran talks continued. The message: in a nervous market, strong performance is necessary — but not sufficient.
This episode of BizNews Daybreak covers the US-Iran preliminary nuclear agreement, an FDA panel's approval of Moderna’s new mRNA flu vaccine, and upcoming Fed inflation data threatening further interest rate hikes.
Domestically, Lauren Evanthia discusses a proposed South African cabinet reshuffle and John Steenhuisen's political demotion.
Finally, we analyze the massive capital drain from SpaceX, OpenAI, and Anthropic listings, Amazon’s Prime Day ecosystem strategy, and Dan Dicker’s warnings on critical global oil stockpile drawdowns.
“..We need to reach a point where the people as individuals and as a population are stronger than governing systems, and those governing systems can't be in a position to control; they need to simply govern, build infrastructure, fix roads - not have control and power over people.” That is the call from Lauren Evanthia, the founder of the Organic Humanity Movement (OHM) on the NdB Sunday Show with Chris Steyn as they talk about major developments in the past week: two ward councillors being gunned down in the space of an hour on voter registration weekend; former President Jacob Zuma firing his once powerful daughter, Duduzile, and MKP former spokesperson, her close ally; President Cyril Ramaphosa pondering the Democratic Alliance's (DA's) Cabinet reshuffle requests that sees its former leader, John Steenhuisen, demoted to a deputy minister's post; and Deputy President Paul Mashatile - who is on a working visit in China - seemingly ready to step into presidential shoes while Ramaphosa is doing everything possible to avoid impeachment. They also talk about more corruption being exposed in the South African Police Force (SAPS) with twenty police officers in the Western Cape charged with alleged links to the taxi industry, and Nelson Mandela Bay being ranked the 3rd most violent city in the world.
In today's BizNews Daybreak, the US-Iran interim peace deal takes effect amidst Israeli criticism, while Washington raises alarms over ASML technology shipments to China.
Meanwhile, markets surge as Intel partners with Apple, and retail demand drives SpaceX’s explosive post-IPO rally.
Domestically, political shockwaves hit as John Steenhuisen is removed in a DA reshuffle, Brait shares plunge following a deep-discount rights offer, and a hawkish Federal Reserve pressures the rand.
Today’s BizNews Daily Edge unpacks how the US Federal Reserve’s hawkish hold is rippling through South African markets, where expensive money is forcing companies and government alike to show the strength of their balance sheets. Irakli looks at Brait’s deeply discounted R2.5bn rights offer to cut debt and support Virgin Active, BHP’s market shrug at a $2bn potash blowout, and National Treasury’s smart move to fully fund its foreign currency needs through concessional loans. In a world where cheap global money is not coming back soon, capital structure has become destiny.
SpaceX’s blockbuster debut has reignited debate over whether Elon Musk is building the world’s most valuable company – or the next great market bubble. In this wide-ranging discussion, Magnus Heystek and Anthony Ginsberg unpack the investment case behind SpaceX, Starlink, Anthropic and OpenAI, weighing extraordinary growth potential against eye-watering valuations. From AI breakthroughs and satellite dominance to comparisons with historic manias, they explore why investors are piling in – and what could determine whether Musk’s latest venture soars or stumbles.
In the latest Electoral Road Show with Chris Steyn and analyst Supremo Wayne Sussman, he dissects the Democratic Alliance’s big Cabinet reshuffle, particularly the ministerial demotion of former party leader by the new leader Geordin Hill-Lewis, as well as the posts now allotted to the Willie Aucamp, David Maynier, Yusuf Cassim and Gauteng veteran Jack Bloom. “I think that Hill-Lewis had no choice and the DA had no choice but to move and act against Steenhuisen. Because it must have been looking at its polling and worrying about the Afrikaans voters. ...these new ministers and deputy ministers will have to show their mettle…and the DA will hope that it can arrest decline, certainly amongst Afrikaans voters, but also the voters it's been losing to the Patriotic Alliance.” Analysing the latest by-election results, Sussman describes EFF support “totally collapsing” in Buffalo City where it came close to being the second biggest party in 2024. As for Jo’burg Mayor Dada Morero first elevated and then removed as municipal intervention convenor for the province, Sussman says: “I think this says less about Dado Morero and more about the state of the ANC in Gauteng: that the infighting is vicious, that the contestation and competition is as fierce as ever, and this is not a good sign for the ANC a few months out of the Local Government Election.”
Today's Daybreak covers the landmark US-Iran peace deal and the Federal Reserve's unanimous decision to hold interest rates steady.
Alec Hogg analyses DA leader Geordin Hill-Lewis's strategic cabinet demotion of Agriculture Minister John Steenhuisen.
We also unpack SpaceX's massive $2.52 trillion IPO valuation, the Western Cape's expanding provincial policing powers, and South Africa's missed exploration opportunities despite holding the world’s largest remaining gold endowment.
SpaceX has become the hottest story in global investing, soaring to a valuation above $2 trillion and captivating markets worldwide. But is it a revolutionary business success or a masterclass in financial engineering? In this candid interview, Cy Jacobs argues that Elon Musk has cracked the code of modern market structure, using limited share supply, passive index demand and options trading to fuel extraordinary valuations. Jacobs explains why he remains sceptical of the fundamentals, yet still believes betting against SpaceX could be a costly mistake.
BizNews editor Alec Hogg leads with a political signal investors shouldn't miss: the DA is moving to replace John Steenhuisen as Agriculture Minister after three High Court cost orders — and his proposed successor is an actual farmer. Then Dr. Duarte da Silva's third paper on South Africa's gold lands with force: the Witwatersrand holds as much gold underground as it has ever produced, Australia spends 70 times more exploring its endowment, and SA's share of African exploration budgets has collapsed from 35% to 7%. On the JSE: Premier Group is the standout — net profit up nearly 30% while digesting the RFG acquisition. Vukile raises R2.8 billion for Italy, heavily oversubscribed. Stor-Age quietly accumulates institutional buyers. Powerfleet's integration pain is finally paying off. And Brikor heads for the exit. The close ties it together: the political story and the gold story are the same story.
In this Boardroom Talk, BizNews editor Alec Hogg unpacks the political and practical unravelling of John Steenhuisen's tenure as South Africa's Minister of Agriculture. From the foot-and-mouth disease crisis that exposed a fatal mismatch between parliamentary skill and executive capability, to three damning High Court cost orders, Hogg traces how one of the DA's most respected figures ended up on the wrong side of the very accountability standards his party championed. But this isn't just a post-mortem. It's also a sharp-eyed assessment of what new DA leader Jordan Hill Lewis's decisive — and graceful — cabinet reshuffle reveals about the kind of leader he intends to be. Performance over loyalty. Outcomes over comfort. Is this the beginning of something different in South African politics?
In this interview with Chris Steyn, Political Commentator Solly Moeng gives his take on the latest developments in the impeachment drama surrounding President Cyril Ramaphosa, noting: “... he is buying time for himself, definitely for other people around him whose interests would not be aided by him leaving now and a certain Paul Mashatile is immediately coming in…” Moeng calls for the recall of Agriculture Minister John Steenhuisen and the removal of his Chief of Staff Jana le Roux who allegedly swore at an agri official and for sharing bemusement at farmers reaching out to the department. “...if he can’t remove her, maybe they should remove him…look it's up to the DA now to prove itself, to say to Ramaphosa, look, we are withdrawing this man…” Speaking on the 50th anniversary of the June 16 1976 youth march in Soweto, Moeng slams the government for failing the youth. Describing his return last year to Diepkloof - where he grew up, he charges: “It's worse than during Apartheid.The primary school that I used to go to has got a squatter camp inside its yard…It actually made me go on to cry…..” Lastly, he comments on the Western Cape’s outgoing Police Commissioner coming out in support of extending policing powers to the province.
In this episode of Daybreak, we explore the tentative US-Iran deal and G7 skepticism surrounding the Strait of Hormuz. SpaceX's valuation surges to $2.65 trillion, overtaking Amazon, alongside its $60 billion acquisition of AI startup Cursor.
Meanwhile, Washington imposes strict foreign access restrictions on Anthropic’s advanced AI models.
In South Africa, the University of Fort Hare’s Vice Chancellor faces a criminal corruption complaint, Solly Moeng dissect the ANC leadership, and we unpack why Eskom's recent Fitch upgrade is merely borrowing credibility from the sovereign national balance sheet.
Three JSE stories opened the week, and one theme cut through all of them: cash. Anglo Gold Ashanti confirmed a shareholder vote on a $2 billion share buyback, sending the stock up nearly 9%. Eskom's credit rating was upgraded by Fitch — not on its own merits, but on the back of South Africa's sovereign upgrade, with its standalone profile still deep in junk territory. Matengu flagged the sale of its Blue Ridge Platinum stake for R50 million, tidying the books ahead of a bigger deal. Then the weekend rewrote the macro: a US-Iran ceasefire pushed oil down and put gold bulls on notice.
In his latest interview with Chris Steyn, Grant Abbott the General Secretary of the National Tertiary Education Union (NTEU) shares evidence collected over years for the criminal complaint lodged against Vice-Chancellor Professor Sakhela Buhlungu who was recently placed on precautionary suspension by the Council and now faces charges of gross misconduct. Allegations in the union’s criminal complaint include the appointment and promotion of individuals outside lawful recruitment processes, the circumvention of governance structures, the approval of substantial financial settlements of millions of rands and remuneration adjustments without proper justification. It also sets out how the Vice Chancellor selectively used disciplinary processes to protect his allies and targeted whistleblowers. Meanwhile, some of those who benefitted from the Vice-Chancellor’s “schemes” are now the accused in corruption and fraud cases. “The problem is that you can't position yourself as a corruption buster and then in the process of doing that create more corruption...”
In today's BizNews Daybreak: Global markets react to a historic US-Iran peace deal halting fighting for 60 days, while the Federal Reserve faces a high-stakes interest rate decision amidst rising inflation.
Closer to home, President Cyril Ramaphosa scrambles to block a politically dangerous parliamentary impeachment inquiry over the Phala Phala scandal.
Plus, Cape Town Mayor Geordin Hill-Lewis explains why he's staying clear of a cabinet seat, and the founders of Stellenbosch sportswear brand Old School SA share how they turned vintage jerseys and national pride into a booming business.
In today’s edition of the NdB Sunday Show with Chris Steyn and Lauren Evanthia, the founder of the Organic Humanity Movement, the hot topic is President Cyril Ramaposa’s urgent court bid to try and stop Parliament from conducting his impeachment inquiry. “And now the president is obviously scrambling. He knows what this means. If anything, this is almost an admission of guilt on his part…(and) how is it gonna hurt the ANC during the elections? I think that is probably at the forefront of his mind…if they want to hold on to that 45.6%, they cannot afford to have this massive scandal with the president.” Evanthia also dissects the testimony of Witness I before the Madlanga Commission. “The whole South African government for me appears to be an entire criminal enterprise.” She further looks at the biggest lack of service delivery horror stories, and gives her take on the defection journey of Neville Delport from the African National Congress (ANC) to the Democratic Alliance (DA) and on to the Patriotic Alliance (PA). Lastly, she examines the likely consequences for South Africa should Nigeria carry out its threat of retaliation over South Africa’s handling of the migrant crisis.
Stef and Daneel Steinmann couldn’t buy the vintage Springbok jerseys they kept seeing around Stellenbosch in 2019, a Rugby World Cup year when green and gold were everywhere, so after roughly 100 emails they found a supplier and started their own brand, Old School SA. Six years on, Old School holds official partnerships and licences with the Springboks, Orlando Pirates, Kaizer Chiefs, Manchester City and the NBA, and operates branded stores across the country. With Bafana Bafana back at the Football World Cup for the first time in 16 years, Old School is now the official supporters’ brand, and their Bafana kit has become so popular that, as Stef Steinmann puts it, “people are sleeping in their jerseys.” In an interview with BizNews, he reflects on their journey and the brother dynamic, how Daneel knocks on doors “making promises” while Stef makes sure those promises are kept, a balance that works. Daneel is already on the ground with Bafana Bafana in Mexico, where they played their first match, while Stef, delayed by a visa issue, is holding the fort in South Africa. What does he attribute their meteoric success to? Uniting people behind the teams they love, because people tend to remember who they were with during the big sporting moments more than the match itself. - Linda van Tilburg
In today's BizNews Daybreak: Global markets rallied after President Trump halted planned military strikes against Iran.
In South Africa, the Patriotic Alliance clinched a major by-election victory in Malmesbury, weakening established parties. Meanwhile, Alec Hogg unpacked South Africa’s overlooked multi-billion rand gold mining fortune.
Finally, we highlight Adobe’s executive shakeup amid strong AI product demand and rising concerns that steep ticket prices are excluding ordinary soccer fans from the 2026 FIFA World Cup.
Geordin Hill-Lewis says he has the best job in South African politics - and he's not giving it up. The DA leader explains why he's staying on as Cape Town mayor, tackles criticism of DA ministers, outlines bold plans to build a city detective branch, and shares his vision for expanding the party nationally. From crime and governance to coalition politics and election strategy, Hill-Lewis offers a candid assessment of South Africa's challenges - and the opportunities he believes lie ahead.
Alec Hogg opens with a thesis from Merrill Lynch veteran Dr. Duarte de Silva: South Africa's abandoned gold mines and tailings dumps — written off at $300–$800/oz — are generating margins above $3,000 per ounce at today's prices. The Witwatersrand Basin still holds as much gold as has ever been extracted from it. Yet exploration spend has collapsed 95% from its 2006 peak. On the JSE: Wesizwe Platinum surges 90% as its year-long trading suspension lifts; Pan African drifts lower despite a sound Australian acquisition; Fortress Real Estate impresses on logistics; Alexander Forbes delivers flat earnings on strong revenue; and Bell Equipment executes a textbook CEO handover. Globally: the ECB raises rates, Belfast burns, and OpenAI flags Chinese disinformation targeting US data centres.
In the latest Electoral Road Show with Chris Steyn, Elections Analyst Wayne Sussman describes how Gayton MacKenzie’s Patriotic Alliance (PA) is continuing to march onwards and upwards “weakening” both the Democratic Alliance (DA) and the African National Congress (ANC) in the Western Cape. In the latest by-election, the PA won 53% of the vote in Malmesbury Wesbank. “This used to be the safest DA municipality in the country. And in 2024, the Patriotic Alliance burst through that wall by winning the seat off the DA.” Sussman also comments on GOOD and Rise Mzansi joining forces behind mayoral hopeful Brett Herron; the ANC’s elevation of Dada Morero to intervention convener for Gauteng’s troubled municipalities; the late President Nelson Mandela's grandson Mandla eyeing a mayoral chain in the Eastern Cape; and Buffalo City Mayor Princess Faku coming under fire for taking officials on overseas trips to China and Germany while the municipality is struggling financially. “Next week we have two Buffalo City by-elections…It'll be interesting to see whether this issue, this debacle, hurts the ANC because both of the seats are ANC seats.”
In today's BizNews Daybreak: Oil spikes after the US military launched retaliatory strikes on Iran, pushing May US inflation to a three-year high of 4.2%.
Meanwhile, Oracle shares dipped 6% over cloud capex fears, Bill Gates testified on Capitol Hill regarding Jeffrey Epstein, and SpaceX's historic IPO drew $250 billion in institutional demand.
Locally, explosive leaked chats reveal top South African cops threatening activist Yusuf Abramjee, gun owners fight the Firearms Control Amendment bill, and Spar SA shares surprisingly rose despite obliterated profits.
Fears of an agenda to disarm private citizens are growing along with jaw-dropping allegations of criminal activity by top cops. In his latest interview with Chris Steyn, Jonathan Deal, the founder of Safe Citizen, warns that the public is not properly and fully informed on public safety, and takes viewers through the implications of proposed changes to firearms ownership and training regulations for ordinary citizens, as well as for the private security industry. “...for many South Africans, a lawfully-owned firearm, either in their own hands or in the hands of the security industry, is actually their mainstay of security, particularly in the absence of the ability of the State to look after them. I can't understand why a government that itself is beleaguered on so many levels in the South African Police Service would go and meddle and fiddle with things where the public at least have some measure of protection, even if they're providing it themselves.” Meanwhile, he expresses grave concern about more and more allegations of criminal activity involving top police officers emerging at the Madlanga Commission of Inquiry. “Certainly, it appears that the government has lost control of this critical environment. Personally, my view is that…that our police service has become politicised. It is used as a political football.”
A top South African cop, Major General Feroz Khan of Crime Intelligence, and a tobacco kingpin, Mohamed Sayed, plotted to “f….up well known anti-crime activist and Tax Justice SA Founder, Yusuf Abramjee. In this interview with Chris Steyn, Abramjee details a litany of shocking revelations in a 750-page bundle released by the Madlanga Commission. Abramjee vows not to be silenced. “General Khan has been subpoenaed to appear before the commission on the 1st of July. And I'm sure that he will come clean. He has to come clean because we cannot allow this lawlessness. We cannot allow this collusion. We cannot allow this intimidation to continue….You cannot be a policeman and a criminal.” Abramjee points out how revelations at the Madlanga Commission again show how rotten the criminal justice system is, but warns: “I believe it's only the tip of the iceberg. We have a major problem within the police service and also other arms of the criminal justice system. And we need to make sure that the recommendations and the suggestions coming out of the Madlanga Commission are implemented.”
BizNews editor Alec Hogg unpacks a day when geopolitics, markets and history collided. SPAR's SA operating profit collapsed 73% — yet the stock rallied on relief. Afrimat's Competition Tribunal disposal barely moved the needle. MTN laid out its Ambition 2030 strategy and the market sold the news. Then the big stories: US and Iranian forces exchanged strikes near the Strait of Hormuz, Bill Gates faced Congress over his Epstein ties, and SpaceX set a fixed IPO price of $135 — with $250bn of demand for a $75bn raise. Friday's listing could be the most consequential in a generation.
A six-year delay, constitutional criticism, and allegations of misleading the court - Rob Rose’s investigation into South Africa’s Competition Tribunal raises serious questions about accountability and economic governance. In this hard-hitting discussion with Alec Hogg, Rose unpacks how regulatory paralysis, questionable decision-making, and a lack of consequences are undermining business confidence and investment. From stalled competition cases to broader failures across state institutions, this conversation explores why efficient, credible regulation is essential for economic growth and South Africa’s future prosperity.
In this episode of BizNews Daybreak, US forces strike Iran after a helicopter downing, SpaceX's IPO sees massive demand, and IBM bets billions on quantum computing.
In South Africa, the Competition Appeal Court slams egregious six-year delays crippling corporate deals, while Johannesburg's bleak budget exposes critical cash shortages and severe utility infrastructure backlogs.
Finally, we highlight the suspension of 14 senior police officers over corrupt tenders and take a look at China's multi-billion-dollar push to expand its domestic AI data center network.
In his latest interview with Chris Steyn, political commentator Solly Moeng comments on President Cyril Ramaphosa’s poor handling of the immigration (and other) crisis; the mysterious social media campaign to position Freedom Front Plus Minister of Correctional Services Pieter Groenewald as a future president; questions about the R30 million “donation” to Rise Mzansi, the party that has an MP chairing the Ramaphosa impeachment committee; unholy links between General Feroz Khan of Crime Intelligence and Economic Freedom Fighters (EFF) Commander-in-Chief Julius Malema; 14 police officers suspended in relation to a tender linked to the politically connected Cat Matlala; and the failure to arrest alleged Tembisa Hospital looting kingpin Hangwani Morgan Maumela, the nephew by marriage of Ramaphosa. “...if you arrest the small guys and you let the big guys continue the games they're playing on all of us, then we're going to end up having the same conversations in a year's time…they should dig out everyone who's hiding in the crevices of this madness, take them into the public space and…hopefully the NPA this time will act without fear, favour or prejudice and go after everybody. Else, South Africans must vote…We need to place this country ahead of all these mad men and women in politics.”
Johannesburg's new budget lays bare a city in financial distress: less than 10 days of cash reserves, a R220 billion infrastructure backlog, and revenue targets that ignore the fact that nearly half its water never gets billed. Alec Hogg dissects the numbers that every ratepayer and bondholder should see. Then: Jubilee Metals tries to win back the market with a credible operational update from Zambia; Araxi (formerly Capital Appreciation) posts softer headline numbers that mask an 80% surge in its core software earnings; a hostile takeover battle at Mustek nears its conclusion; and why a director selling shares at ASP Isotopes is not what it looks like. And in the second half — SpaceX, OpenAI, and Anthropic are heading for public markets with a combined valuation pipeline of over $3 trillion. Alec draws the parallels with 1999, and asks the question Wall Street is afraid to answer: are we at the top?
In today's Daybreak episode, OpenAI files for a fall IPO and SpaceX’s oversubscribed listing targets a $1.8 trillion valuation. Meanwhile, Israel and Iran ease strikes after Trump's intervention.
Locally, a new AGOA proposal allows South African firms to opt out of BEE to avoid US tariffs, PPC's 84% profit surge triggers stock volatility, Bernard Montgomery reminisces on the old JSE floor, and the 2026 FIFA World Cup struggles with tourism forecasts.
In June 1996, the JSE's open-outcry trading floor fell silent forever. Thirty years on, Irakli speaks to Bernie Montgomery — clerk-turned-broker — who recalls the chaos, camaraderie, and colourful lunches that defined an era before the screen took over.
Omnia and Sygnia deliver standout half-year numbers and shareholders cheer. PPC posts 84% profit growth and the stock drops 3.5%. Alec Hogg unpacks three SENS announcements that tell you everything about how markets actually work — and why beating expectations matters more than beating last year.
This morning’s Daybreak covers global market movements as oil ticks up amid Middle East tensions and tech shares slump globally.
Meanwhile, Apple prepares to unveil its overhauled Siri and new AI features at WWDC.
Locally, Lauren Evanthia addresses a massive R2 billion South African hospital scandal, Tara Roos breaks down Johannesburg's R200 billion infrastructure backlog and weak financial controls, and Sakeliga's Russell Lamberti proposes an AGOA "off-ramp" to shield compliant businesses from Pretoria's policy fallout.
As the African Growth and Opportunity Act (AGOA) faces bipartisan scrutiny in Washington ahead of its December 2026 deadline, South African business group Sakeliga has submitted a radical new proposal for "subnational differentiation". Russell Lamberti explains how the plan would allow individual companies, municipalities, and provinces—like the Western Cape—to bypass looming punitive US trade tariffs. By directly verifying compliance with free-market principles and formally dissenting from the ANC's race-based BEE and expropriation policies, businesses could protect their access to crucial US export markets regardless of national government action.
In the latest edition of NdB Sunday Show with Chris Steyn and Lauren Evanthia, the Founder of the Organic Humanity Movement, they talk about the authorities going after the R3million Bentley Continental GT that had belonged to President Cryil Ramaposa's nephew by marriage, Hangwani Morgan Maumela, who has been fingered as the Tembisa Hospital looting kingpin; criminal charges being laid against former Ekurhuleni City Manager Dr Imogen Mashazi who once turned up at a fashion event in an outfit estimated to have cost R3.5 million; NUMSA General Secretary Irvin Jim’s lifestyle under scrutiny with talk of a R5m custom-armoured BMW and an exclusive apartment; as well as the Zim wedding of a tenderpreneur’s son where the couple received US$20m in wedding gifts. Evanthia also comments on the re-defection of former MP Liam Jacobs back to the Democratic Alliance from the Patriotic Alliance; the deadly anti-immigrant riots; and plans to build South Africa’s biggest AI data centre in the Durban area.
Johannesburg’s financial crisis is deepening, with the Auditor-General revealing R9.5 billion in losses driven largely by electricity theft, water leaks and weak governance. An infrastructure backlog now estimated at R200 billion threatens service delivery in South Africa’s economic powerhouse. Analysts warn that years of poor oversight, mounting debt and a lack of accountability have left the city vulnerable to worsening power and water outages. With residents and businesses already feeling the strain, calls for urgent intervention are growing louder.
Today on BizNews Daybreak, global updates reveal the US passing a key Ukraine aid bill, leveling strict new sanctions against Cuba, and racing to contain a Texas screw worm outbreak.
Locally, Athol Trollip warns that slow cattle vaccinations are worsening South Africa's foot and mouth disease crisis.
Plus, The Economist's Chief Africa Correspondent, John McDermott, analyses the logistics of a deadly, unvaccinated Ebola strain currently spreading through the eastern DRC.
In this conversation, Alec Hogg interviews Forensic Investigator Paul O’Sullivan, a prominent figure in South Africa’s fight against corruption, particularly within the police force. The discussion revolves around the controversial figure of Lieutenant General Nhlanhla Mkhwanazi, the KZN police chief, who has made significant allegations against various officials, including O’Sullivan himself. O’Sullivan defends his integrity and outlines the systemic issues within crime intelligence, including the misuse of a substantial slush fund. The conversation highlights the complexities of public perception, the legal battles at play, and the urgent need for accountability and reform in South Africa’s law enforcement agencies.
On today’s NdB Sunday Show, Chris Steyn speaks to the only police officer ever awarded the Silver Star for bravery twice. Colonel Tollie Vreugenburg, formerly of the Hawks, where he worked on Crimes Against the State and commanded Anti-Terrorism investigations, comes out strongly in support of generals Nhlanhla Mkhwanazi and Fannie Mademola. “Both of them are persons of high integrity and what they say and what they said in the commission as well as in front of Parliament is not new to me. I've experienced it myself…especially the latter parts of my career. And I take my hat off for them to come forward and come to the open. They are the only two currently that have enough courage to do that.” The Colonel reveals how, in 2015, political interference prevented him from arresting President Omar al-Bashir of Sudan. He shares his personal experience of the “hostile takeover” of the DPCI by a crony of former President Jacob Zuma. Meanwhile, amid fears for the life of General Mkhwanazi,” he warns: “…well, the guy that wants to take him out, good luck to you. That is a…highly highly trained combatant…he is…very capable of protecting himself.” The Colonel also talks about the raids on the homes of suspended Deputy Police Commissioner Shadrack Sibiya and President Cyril Ramaphosa’s nephew from a previous marriage. As for the African National Congress (ANC) trying to distance itself from Brian Mogotsi, one of the central characters in the saga, he says: “It's much too late. There will be a big footprint leading back for many years between the party as well as the individual.”
Bernard Swanepoel tells Alec Hogg why mining remains SA’s most transformed sector - and how rebuilding trust, fixing Eskom and Transnet, and embracing bold leadership could spark the next boom.
In a historic leap for biotech in Africa, Pretoria-based Altera Biosciences has secured R29 million in pre-seed funding to develop a universal donor cell platform aimed at revolutionising transplant medicine. The technology could enable off-the-shelf cell therapies to overcome one of medicine’s greatest challenges: donor–recipient matching - a problem particularly acute in Africa given its unmatched genetic diversity. While this makes Africa a natural proving ground, Altera’s ambitions are global, with the platform designed to expand access to advanced cell therapies worldwide. Led by biotech entrepreneur Alexandra Miszewski and Professor Michael Pepper, director of the Institute for Cellular and Molecular Medicine at the University of Pretoria, Altera is positioning South Africa at the forefront of global medical innovation. In an interview with BizNews, the founders shared their vision to tackle one of medicine’s toughest challenges and elevate South Africa’s role in international biotech. Professor Pepper noted, “If Altera develops the technology to solve this problem here, it could be solved for the rest of the world.” Miszewski added that the funding signals growing confidence in South Africa’s biotech sector and the depth of expertise within the country.
The battle to reclaim MKP from former President Jacob Zuma is far from over. In this interview, the real founder of MKP, Jabulani Khumalo, gives Chris Steyn an update on his long legal battle to reclaim the party and rescue it from “thuggery” . “People are trying to steal this country through fraud. We have so many cartels, but MK has got a cartel also now. Because this cartel that is taking over MK is a cartel.” He charges that South Africa “is in this mess because our leaders are being run by these cartels. They are led by the dogs. People who use dark money, black money to use our leaders. We can't allow that.” Khumalo hails generals Nhlanhla Mkhwanazi, Fannie Masemola and Dumisani Khumalo “for helping us to open our eyes even more… I remember General Mkhwanazi was saying, I can't sit with a thug in the office. I understand what he was saying because really, even myself, I wouldn't want to sit with a thug.”
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
A series of adverse legal findings has put both Julius Malema’s seat in Parliament and his position on the Judicial Services Commission (JSC) in jeopardy. Should he be served a severe sentence for his firearm offences, he will be disqualified from being a member of the National Assembly. Meanwhile, Chris Oxtoby of Freedom Under Law, tells Chris Steyn why the Economic Freedom Fighters (EFF) leader’s position on the JSC has become “untenable”. He stresses that Parliament now has enough grounds to act. He further gives the inside story of two days of JSC hearings - from which Malema was absent in order to attend the Ad Hoc Committee hearings. Oxtoby says despite there being some “credible” candidates to fill a Supreme Court of Appeal vacancy, none were able to get enough votes. He describes Freedom Under Law's ongoing litigation with the JSC over its voting process, and questions “whether the process that we don't see after the interviews, the deliberations and the voting behind closed doors, whether that is properly fit for purpose if it's not being able to deliver us candidates…”
In today's briefing, Lieutenant General Mkhwanazi faces parliament, naming two of the alleged 'Big Five' behind the country's drug cartels and revealing the other three are well-known 'tenderpreneurs'. From the Joburg Indaba, Sibanye-Stillwater's new CEO, Richard Stewart, discusses the mining industry's challenges and the vast opportunities awaiting South Africa if it can provide regulatory certainty. Globally, tech giant Nvidia is reportedly set to invest up to $2 billion in Elon Musk's AI venture, xAI, which is now seeking to raise $20 billion. Plus, Cristiano Ronaldo makes history as the first footballer to become a billionaire, with his net worth climbing to $1.4 billion.
After over a year of by-elections since the national election, Elections Analyst Wayne Sussman gives Chris Steyn an update of the latest shifts in the political landscape. “One of the trends we continue to see is that the ANC candidates for council in provinces like the Eastern Cape and Limpopo will know that they are very likely to hold on to their seats come the election next year. The party which should be happiest right now is probably the Patriotic Alliance because they've shown a continued growth of trajectory. But you're also seeing a party like the DA starting to put in good performances.” Previewing the next round of by-elections, Sussman warns that the ANC - that had a “very sharp fall” in a recent Soweto by-election - will face the “Chasing Pack” in the upcoming one; “the bragging rights for second place or even third place, because between MK, EFF, Patriotic Alliance, ActionSA and the DA…only five percentage points separated party two to six. So it's a real scrum in that Chasing Pack. And I think the pecking order is going to be very important.” Sussman also describes how the DA managed to edge out the ANC in Ga-Nala Mpumalanga. “The key municipality of eMahlahleni is now hung because the ANC has lost its outright majority.” He also dissects all the other recent results along with the prospects of the parties in the next round.
Alec Hogg's daily update which is embedded in the BizNews Premium newsletter - covering the day's news you need to know.
Whistleblowing Lieutenant-General Nhlanhla Mkhwanazi continues dropping bombs, this time at Parliament’s Ad Hoc Committee - following his explosive testimony before the Madlanga Commission. In this BizNews interview, Action Society’s Juanita Du Preez tells Chris Steyn that the general comes across as “believable and credible” and is staying “cool and calm”. In contrast, former allies of President Cyril Ramaphosa are turning on another with SG Fikile Mbabula brutally dumping CR17 campaign organiser Brian Mogotsi who retaliated with allegations that caused the SG to threaten to sue him for defamation. More skeletons are also tumbling out of the closet of former Police Minister Nathi Mthethwa who died from a hotel room fall in Paris after being fingered by General Mkhwanazi. “…everybody is running around and covering their backs because...they might not know when what is going to come out…A lot of people are very nervous.” She also slams Economic Freedom Fighters (EFF) leader Julius Malema - fresh from his criminal conviction for firearm offences - for delaying the committee hearing by hours.
In today's BizNews Briefing: We deep-dive into a critical land expropriation test case in Boksburg and its implications for property rights under the new 2024 Act. Stafford Masie argues why Bitcoin is "perfect money" and inevitable. From the Joburg Mining Indaba, Alec Hogg reports on the industry's plea for regulatory certainty amid concerns over a new minerals bill. Also, Tesla plans a cheaper Model Y, and Ray Dalio makes the case for holding gold in your portfolio.
Alec Hogg's daily update which is embedded in the BizNews Premium newsletter - covering the day's news you need to know.
The African National Congress (ANC) has unveiled its Economic Action Plan in the wake of the Democratic Alliance’s (DA’s) Plan to Turbocharge the Economy. In this interview with BizNews, the DA's Head of Policy Mat Cuthbert speaks about the similarities and the differences. He further describes how - despite the best efforts of many of his colleagues in their departments as ministers of the DA - they have been unable to contribute towards growth and jobs in the way that they would have wanted to. “And the reason for that is because ANC ministers have acted as handbrakes on growth and failed to implement the kind of reforms that are required…” Thus he remains “highly skeptical” that his colleagues within the ANC and its partners within the GNU “have the ability to be able to implement the required reforms at the necessary speed or depth”.
He calls on voters to strengthen the DA's hand in the upcoming elections “so that we are able to do more and we are able to do more quicker”. He adds: “I think that it's only a matter of time, particularly in light of next year's local government election, as well as the 2029 election, before the ANC are a thing of the past.”
Kevin Lings, Chief Economist at Stanlib, unpacks South Africa’s potential exit from the Financial Action Task Force grey list. He outlines the substantial progress made, the economic impact of being greylisted, and a new twist involving corruption revelations that could delay removal. The discussion highlights implications for foreign investment, international reputation, and future economic growth.
In today's BizNews Briefing: Ex-Sibanye CEO Neal Froneman shares his grave concerns about South Africa's crime wave, while the Patriotic Alliance forces President Ramaphosa's hand in a GNU power play. Discover how money manager 36ONE is tearing up the BEE enrichment playbook with a radical deal for education. Plus, as gold screams towards $4,000 an ounce, Peter Major and Bloomberg weigh in on whether the rally can last.
In an unprecedented empowerment deal, 36ONE Asset Management co-founder and director Cy Jacobs has partnered with the Maharishi Invincibility Institute, donating 22% of the firm's equity to fund free tertiary education for thousands of South Africa's most disadvantaged youth. Speaking to Alec Hogg, Jacobs explains why this “pure empowerment initiative"—focusing on education rather than elite enrichment—represents a new model for BEE. Maharishi's Darren Kramer calls the transaction a “game-changer”, with dividends from 36ONE set to sustain the university's mission to turn poverty into opportunity for generations to come.
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
In today's BizNews Briefing: ANC Secretary General Fikile Mbalula responds to questions on the SAPS investigation into Nathi Mthethwa’s death in France, while Eskom posts a dramatic R16 billion turnaround profit after years of losses. We also unpack what the expiry of AGOA could mean for South Africa’s trade future, hear why Apple just got a rare downgrade, and explore how Taylor Swift’s new album is shaping not only pop culture but also global economics.
In this edition of the NdB Sunday Show, Chris Steyn speaks to Jacques Taljaard, the newly elected President of the United Independent Movement (UIM), the party founded by the iconic late Neil De Beer. He shares his opinion on the latest developments that Neil would have had a field day commenting on: the mysterious death of former Police Minister Nathi Mthethwa in Paris days after being fingered for the “worst” political interference; Patriotic Alliance (PA) leader Gayton McKenzie forcing the hand of the African National Congress (ANC) by threatening to leave the Government of National Unity (GNU); and the defiance of Economic Freedom Fighters CIC Julius Malema following his criminal conviction on firearms offences. Taljaard also describes the three-fold surge in support experienced by the UIM in recent weeks from people wanting to honour Neil’s legacy. And he shares a previously unseen video of Neil that is guaranteed to make viewers laugh out loud.
In recent years, numerous European countries have begun to phase out or significantly modify their golden visa programmes. This shift is primarily driven by concerns over housing affordability, money laundering, and the need for stricter immigration controls. Following a European court ruling, Malta was compelled to close its golden passport scheme. However, recent revisions to its Permanent Residence Programme (PRP) now present attractive pathways for investors. In an interview with BizNews, Sarah Young from Sable International highlighted that Malta’s PRP offers lifetime residency for a €500,000 investment, with the added benefit that investors can earn rental income from properties purchased. She also noted that this programme features a faster residency process with lower costs. For South Africans seeking warmth and sunshine, Malta stands out as a desirable year-round destination, especially since English is one of its official languages.
At the second BizNews Investment Conference in Hermanus, tech maverick and Africa Bitcoin Corporation Executive Chairman Stafford Masie made a powerful case for Bitcoin as the world’s most undervalued and misunderstood asset. Drawing on lessons from his pioneering work with the internet, open-source software and Google’s entry into Africa, Masie explained why he sold nine properties and even his Range Rover to buy Bitcoin. He urged South Africans to “study Bitcoin” and not confuse it with crypto, outlined how Lightning Network and Bitcoin treasuries are reshaping finance, and dismissed quantum computing fears as hype compared to real risks like losing your keys.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
Alec Hogg's daily update which is embedded in the BizNews Premium newsletter - covering the day's news you need to know.
At BizNews Investment Conference #2 in Hermanus, tech maverick and Africa Bitcoin Corporation chair Stafford Masie delivered a sweeping vision of the future where AI and Bitcoin converge as humanity’s twin transformative forces. Masie traced parallels between the iPhone’s 2007 disruption and today’s breakthroughs in AI and blockchain, arguing that Bitcoin is the world’s first “perfect money” – an unstoppable neutral asset poised to replace the dollar standard. He explained how Bitcoin mining is stabilising power grids and enabling AI expansion, while demographic and generational shifts will drive unprecedented adoption. From longevity breakthroughs to de-dollarisation, Masie insists Bitcoin is no longer optional for investors – it’s inevitable.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
At the second BizNews Investment Conference in Hermanus, Walter Aylett, founding fund manager of Aylett & Co, outlined his investment philosophy shaped by Buffett and Munger’s discipline. He shared lessons from backing WeBuyCars early, stressing patience, honesty, and owner-driven businesses. Aylett warned against over-trading, likening true investing to the tortoise beating the rabbit. He sees South Africa as “scary cheap” with opportunities in Spar, hospital groups, and bonds, while stressing margin of safety and integrity. Blending personal anecdotes with sharp observations on politics, gold, and global markets, Aylett underscored that long-term thinking and trust in the right people remain the investor’s edge.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
Top officers in uniform are drawing the battle lines between the execution of their duties and political interference by the ministers in suits. Action Society’s Juanita Du Preez talks to Chris Steyn about Police Minister Nathi Mthethwa dying in an apparent suicide before he could answer for his role in Police Capture; Crime Intelligence boss General Dumisani Khumalo's revelations about the Big 5 crime cartel and their links to African National Congress (ANC) politics and payments to delegates before suddenly taking too ill to continue testifying; the strong backing National Commissioner General Fannie Masemola has given whistleblowing General Nhanhla Mkhwanazi; increasing pressure on former Police Minister Senzo Mchunu now on special leave; and Advocate Terry Motau abruptly quitting as evidence leader at the Madlanga Commission as “various people are getting threats..." Du Preez also comments on President Cyril Ramaphosa being accused of shielding his nephew from a previous marriage, Morgan Hongwani Maumela, implicated in the R2 billion Tembisa Hospital scandal; and Commander-in-Chief of the Economic Freedom Fighters (EFF) Julius Malema being found guilty on firearm charges and facing up to 15 years in jail.
In today’s BizNews Briefing, growing wave of AI-powered fake news scams now targeting Trevor Manuel and the SABC. Institute for Race Relations CEO John Endres stresses that only economic growth can solve South Africa’s unemployment crisis. We hear an uplifting story from Springbok women’s rugby coach Swys de Bruyn, while concerns persist over the National Democratic Revolution’s economic drag. Plus, Zimbabwe courts investors, Walter Aylett explains inversion investing, Hoskinson eyes $250,000 Bitcoin, and Prosus secures a major global food delivery deal.
Swys de Bruin, head coach of the Springbok women’s rugby team, guided his team to a historic quarterfinal at the 2025 Women’s Rugby World Cup in England. In an interview with Biznews, the former Lions and Springboks coach said the strength of the team lies in their diversity. He highlighted the growing professionalism within the women's team and outlined ambitious plans for the future, including a professional six-team domestic league and an increase in international matches. De Bruin said the men could learn from the women's attitude, as “they never moan” and he said he could write a book about how tough women are. Committed to the stay until the next World Cup, De Bruin believes the team has firmly established itself with the elite and is now "barking with the big dogs."
At BizNews Investment Conference #2 in Hermanus, Walter Aylett – founding fund manager of Aylett & Co – delivered an inspiring reflection on the power of heroes and principles in life and investing. Drawing on decades of annual pilgrimages to Omaha to learn from Warren Buffett and Charlie Munger, Aylett shared how integrity, energy and rational common sense built a $1.3bn fund over 20 years. He credited his success not only to mentors like Buffett and Munger but also to the partners and clients who shared his long-term vision. Looking ahead to “Aylett 2.0 and 3.0,” he said the next generation, armed with principles and hard work, could make South Africa “unstoppable.”
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
At BNIC#2, IRR CEO John Endres argued that South Africa’s best defence against sudden rupture is to keep democracy’s “safety valve” wide open—free expression, functioning social media and real electoral choice. Close that valve, he warned, and the risk of Nepal-style upheaval rises, especially under an ANC-EFF-MK axis. Endres dismissed the lure of “benevolent dictators,” pointing instead to July 2021 as proof of civic resilience when the state faltered. His preferred route to stability: an ANC that “bends” rather than breaks, with a DA–ANC coalition enabling a planned glide-path into 2029. He rejected Western Cape secession, flagged youth unemployment as the true time bomb, and argued that only rapid growth—grounded in merit and accountability—can turn South Africa into a beacon again.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
Fresh from the US, mining veteran Peter Major joins Alec Hogg to unpack the week’s biggest stories. Was Mark Bristow pushed out of Barrick by pressure from Mali’s military junta? Are Orion Minerals’ copper and zinc riches worth the political risk? And what do gold at $4,000, a new Chinese giant, and South Africa’s battered mining policies mean for investors? Major doesn’t hold back on the risks - or the opportunities.
Alec Hogg's daily update which is embedded in the BizNews Premium newsletter - covering the day's news you need to know.
In today’s BizNews Briefing: Nathi Mthethwa’s sudden death in Paris; AGOA trade benefits lapse amid US shutdown; insights on Trump’s letter from the “three amigos”; The Economist on spotting genius; Spotify founder Daniel Ek steps back; Capitec delivers strong results while Orion Minerals eyes copper production; and why the Springboks’ 16th man is South Africa itself.
The dark triad of criminal tenderpreneurs, crooked cops and captured politicians has not only cost the country billions, but has led to the loss of lives of an untold number of people. Following the latest revelations about the R2-billion looting of Tembisa Hospital, Jack Bloom, the Democratic Alliance Shadow MEC for Health in Gauteng, tells BizNews he believes that the syndicates are still busy in other hospitals. “The vultures are still there.” Bloom warns that unless people at the top of the Gauteng Health Department were replaced, “this looting is just going to continue”. He also laments the “immense implications… about political connections…and political protection”. And, commenting on the death from a mysterious fall in Paris of former Police Minister Minister Nathi Mthethwa - just a week after being named at the Madlanga Commission, Bloom says: “… you can't help but sort of make an inference that perhaps it was what was coming up at the Commission and that you know he was possibly implicated….the tentacles are all over the place. They really are. We have a Mafia State. You get rid of one criminal syndicate, another takes over, but they seem to work together.” As for the still unanswered question as to who ordered the hit on whistleblower Babita Deokaran, Bloom says: “I think we can have our suspicions now because now we see people who are embedded in networks and the police are implicated as well because none of this could have happened without high-level collusion."
The United States is willing to “fortify” South Africa as it has moved from “latent fragility to being very fragile” and “moving in the direction of failure”. However, it would need to see “positive steps” and “genuine earnest attempts” from SA. So says a former diplomat to both the National Party and the African National Congress governments, Dr Edward Mienie, who is now a professor with the University of North Georgia in Atlanta. “I've never seen…the diplomatic relations between the two countries at such a low point - even during the dark years of Apartheid.” Dr Mienie says President Cyril Ramaphosa is viewed as a leader who is “taking care of his own interests, taking care of the ANC first and foremost, taking care of those that support him personally within the structure”, but not as taking care of the interests of all South Africans. Meanwhile, he expresses concern about how the ANC government would react towards an outright loss in the next general election. “And I'm even more concerned about who's going to be taking over as the ruling party at that stage.” He urges the Democratic Alliance to take “a stronger stance, to embrace morals and ethics in a more visible way”
Alec Hogg's daily update which is embedded in the BizNews Premium newsletter - covering the day's news you need to know.
At BNIC#2 in Hermanus, John Endres, CEO of the Institute of Race Relations, warned that the ANC is at risk of sudden collapse as legitimacy drains and economic stagnation worsens. Drawing parallels to the fall of East Germany and Romania’s Ceausescu, Endres argued that the ANC must choose between "bending" — abandoning fake transformation and embracing real economic reform — or "breaking," risking further decline, instability, and dangerous coalitions with extremists. He urged business leaders to reject race-based policies and amplify the call for genuine transformation that delivers growth, jobs, and prosperity.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
Explosive testimony at the Madlanga Commission reveals how drug cartels have infiltrated South Africa’s power structures, with shocking claims of political protection and evidence of deep criminal capture. At Tembisa Hospital, the SIU exposes a staggering R2bn fraud network—vindicating whistleblower Babita Deokaran, who paid with her life. Meanwhile, the gold sector reels as Mark Bristow makes a shock exit from Barrick, even as bullion hits record highs
Alec Hogg's daily update which is embedded in the BizNews Premium newsletter - covering the day's news you need to know.
In this interview, BizNews editor Alec Hogg takes a deep dive into lessons learned during the incredible journey of Blue Label co-founder and co-CEO Brett Levy. At 28, he was once the youngest CEO of any JSE-listed company when he and brother Mark too the company public. Now worth R11 billion, Brett’s journey has been defined by Blue Label’s R5.5bn acquisition of debt-laden CellC SA’s third-largest mobile company. This deal caused acute indigestion, lasting seven years, and required the entire purchase price to be written off. An older and wiser Levy shares how both Blue Label and Cell C have emerged stronger from the challenges - and are poised for a magical future.
At BNIC#2 in Hermanus, the “three amigos"—VF Plus leader Corné Mulder, NEASA CEO Gerhard Papenfus and SAAI executive director Theo de Jager—unpacked their recent Washington swing and what it means for South Africa. Framing a "leadership vacuum" at home, they delivered a positive but unsparing brief to US officials on the NDR, BEE, EWC and rural security, saying America wants trade, not aid—yet sees non-tariff political barriers. De Jager warned that US tariffs are hammering high-value farm exports, urging relief that "doesn't punish the good." Papenfus said targeted sanctions could change the game but risk backlash. Mulder argued the ANC won't self-correct; ballot-box coalitions and devolution are the path. The trio's verdict: keep pressure, grow trade, and let civil society drive "corridor diplomacy."
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
In this in-depth BizNews interview, Sasol CEO Simon Baloyi reflects on South Africa’s energy turnaround, why business must partner with government to fix power, logistics and crime, and how Sasol is balancing coal-based production with renewables in its decarbonisation journey. From cutting debt to tackling Joburg’s visible infrastructure collapse, Baloyi shares his long road from Secunda engineer to the top office — and why his legacy must be one of restoration and significance
Cybercriminals are using sophisticated AI deepfakes and cloned websites to scam unsuspecting South Africans out of their savings. In this revealing interview, forensic investigator Paul O'Sullivan joins Alec Hogg to unpack a recent scam, explain how these syndicates operate, and share practical tips to protect yourself. If it sounds too good to be true - it probably is.
South Africa’s crime crisis deepens as explosive testimony at the Madlanga Commission and sharp warnings from policing experts put the ANC under pressure. The DA reveals its mayoral candidate for eThekwini, promising a clean-up of Durban’s embattled metro. And on the global front, 18,000 newly unearthed Epstein emails expose fresh links between the disgraced financier and a network of powerful elites.
Fraudsters using AI to scam investors with a fake BizNews interview featuring Helen Zille and Chris Steyn. The inside story of almost two weeks of testimony at the Madlanga Commission of Inquiry from former police officer Willem Els who is now with the Institute for Security Studies (ISS). And Renaldo Gouws on his re-entry into politics. These are the topics on today’s NdB Sunday Show with Chris Steyn. Els hails KZN Provincial Police Commissioner Lieutenant-General Nhlanhla Mkhwanazi for doing a “good job” in the presentation of his evidence. He notes the huge pressure National Police Commissioner Fannie Masemola was under when he arrived to testify. He calls the “very direct” testimony of Major-General Petronella Van Rooyen, Head of Governance at SAPS Legal Services, a “game changer”. As for the propaganda war raging around the key players, Els says: “I think the gloves are off…after…a week and a half of testimony, some damning evidence was tabled. And I think now it's going to heat up.” On the possible outcome, Els says: “…at the end of the day, I think the hope of South Africa is that we get to the bottom of this and that this can be the first step in starting to take back our streets from criminals and the restoration of the rule of law.”
Investigative journalists Pauli van Wyk and Micah Reddy join Alec Hogg to unpack their explosive new book Malema, Money, Power, Patronage. From VBS to dodgy metros and shell companies, the authors reveal how Julius Malema and Floyd Shivambu built a patronage empire — and why South Africa’s broken justice system has failed to hold them accountable. Already in its second print before official launch, the book has been called a “must-read” and a blueprint for prosecutors who may one day bring the EFF leadership to book
Betway SA20 commissioner Graeme Smith tells BizNews how the latest auction broke records with Brevis and Markram fetching millions, while more than R22m was spent on under-23 talent. With sold-out stadiums, global broadcast deals, and 700 schools now in the pipeline, Smith says SA20 is more than a tournament — it’s the engine driving cricket’s revival in South Africa
Neal Froneman reflects on his upcoming retirement as CEO of Sibanye-Stillwater, sharing insights on leadership, value creation, and the future of South Africa’s mining sector. In a candid conversation with Bronwyn Nielsen, he discusses personal passions, stakeholder capitalism, and the urgent need for political and policy reform to unlock South Africa’s economic potential. A thoughtful look at legacy and renewal.
At BNIC#2 in Hermanus, RECM founder Piet Viljoen delivered a candid Q&A covering everything from South Africa’s political risks to global investing lessons. While acknowledging the country’s troubling politics, he insisted South Africa is not Zimbabwe, citing strong civil society as a protective force. Viljoen warned against local companies’ “stupid” offshore acquisitions, praised entrepreneurs like Jannie Mouton, and argued energy is the best way to play the AI boom. A long-term Bitcoin accumulator, he stressed the need for patience, scepticism, and resilience in investing — principles he drew from Warren Buffett and Charlie Munger.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
From the wilds of Idaho, mining analyst Peter Major joins Alec Hogg to unpack the week’s big mining stories. With Botswana and Angola eyeing stakes in De Beers, Anglo American suddenly has options it never expected. Glencore is pulling back from the Congo as cobalt prices tumble, while silver edges back into the spotlight — even if South Africa has little of it to mine. Plus, Peter explains why Orion and Core Potash could be the quiet winners for patient investors.
Alec Hogg's daily update which is embedded in the BizNews Premium newsletter - covering the day's news you need to know.
At BNIC#2 in Hermanus, Brenthurst Wealth founder Magnus Heystek rejected the “Dr Doom” label, describing himself as “realistically honest” about South Africa’s economic trajectory. He warned that trillions have been wiped out through municipal collapse in the country’s northern regions, even as the Western Cape attracts wealth through governance and lifestyle appeal. Heystek argued that only a radical policy reset — restoring property rights and pro-business confidence — could bring offshore wealth back. On investment strategy, he pointed to agriculture, tourism, Cape property, gold, and Japan as promising areas, while stressing the importance of knowledge, long-term discipline, and not succumbing to market doomsayers.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
At BNIC#2 in Hermanus, legendary value investor Piet Viljoen shared his “Cockroach Portfolio” philosophy—a strategy built not on forecasts, but on survival. Viljoen argued that true wisdom in investing begins with admitting “we don’t know anything” about the future. Risk metrics, he warned, are “cargo cult science,” extrapolating the past without predictive power. Instead, his approach rests on three certainties: stay invested to benefit from compounding, diversify meaningfully (even into assets that cause discomfort), and reduce volatility to preserve returns. His Cockroach Portfolio balances cash, bonds, equities, and hard assets in equal parts, creating resilience against any economic environment. For Viljoen, success in wealth-building—like rugby championships—comes from strong defence, not flashy plays.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
If the Democratic Alliance (DA) icon Helen Zille is elected Mayor of Jo’burg, she will have to overcome huge obstacles to achieve the turn-around promised. In this interivew with BizNews, independent commentator Jonathan Katzenellenbogen says if the DA gets the projected 35% in the local elections, it would have to form a coalition with probably the African National Congress (ANC) that is projected to get 23%. If Zille then starts cutting staff "dramatically", the ANC could turn to the “fellow comrade parties” like the Economic Freedom Fighter (EFF) and MKP. “And the ANC can very easily form a Doomsday Coalition with them…” Katzenellenbogen warns that it's going to be “a very hard push” for Zille because of the ANC's “vested interests...the City of Johannesburg is a Patronage Machine". However, should Zille overcome these obstacles and the necessary massive budget is sourced, it would still take about 10 years to restore the City of Gold to its former glory. And if Zille fails to get elected, “big business will have to come in…and confront the council, confront the Mayor, confront the ANC and the Cabinet and say basically this can't continue, it's gone too far. We have got to come and play a role, we'll set up this body and we'll basically run the city. We will make sure that these departments run well….”
In today’s BizNews Briefing, Helen Zille’s mayoral bid stirs debate as coalition politics shift. Remgro CEO Jannie Durand shares survival strategies while warning against expropriation without compensation. Magnus Heystek explains offshore investing’s success, Trump at the UN assembly, Apple eyes Intel, Barloworld struggles, and Sun International wins approval for a new Somerset West casino.
Remgro CEO Jannie Durand tells BizNews why the group’s five-year strategy is finally paying off, with earnings and dividends up more than 30% and a special payout for shareholders. From taking Distell private with Heineken, to navigating Vodacom’s massive deal, to sitting on a cash pile while SA Inc struggles, Durand explains how Remgro is positioning for long-term growth - and why property rights and pro-growth policies remain critical for South Africa’s future
Many South Africans have stories of driving into a cow or hitting a kudu driving at night in rural areas causing extensive damages to vehicles and it can turn into personal tragedy. Motivated by personal loss, a young South African, Memphis Kaotsane started working on a solution to make animals visible at night. He invented Moonshine reflective spray that can make animals visible up to 200 metres away. In an interview with Biznews, Kaotsane said he is now ready to scale to wildlife and cyclists and his vision is to export first to Africa and then further afield. With a homegrown solutions with global potential, Kaotsane is keen to shine a light towards better road safety.
At BNIC#2 in Hermanus, Brenthurst Wealth founder and director Magnus Heystek opened the conference with a provocative keynote titled "You've Never Had It So Good." Tracing South Africa's journey from strict exchange controls and clunky trading systems to today's global investment opportunities, Heystek argued that offshore investing has not only built wealth but also granted South Africans the freedom to stay rooted at home while securing their financial futures. He highlighted the massive outperformance of global portfolios versus local funds, the empowerment of technology-driven investing, and the importance of estate planning as wealth moves abroad.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
Once a telecom underdog, CELL C is making a bold comeback - and Blue Label Telecoms is powering the revival. With a debt-free future, niche market dominance, and an IPO on the horizon, investors are watching closely. Sharenet portfolio manager Dylan Bradfield unpacks why this could be one of South Africa's most compelling turnaround stories.
At BNIC#2 in Hermanus, entrepreneur and outspoken activist Rob Hersov delivered a wide-ranging Q&A that touched on the potential of Patrice Motsepe as South Africa's president, the paralysis of Cyril Ramaphosa, and why Cape independence is improbable but federalisation viable. Hersov praised Motsepe’s integrity and business acumen, blasted the ANC’s culture of mutual compromise, and called for stronger protection of whistleblowers. He also offered bold perspectives on Trump’s record, America’s ties to the Western Cape, the transformative role of AI, and the need for coalitions to shift South Africa in the right direction.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
In today's BizNews Breifing: highlights from three keynote speakers at BNIC#2. Prince Mashele says South Africans need to unite across racial boundaries to rescue the country; Hersov declares the nation "uninvestable" under the rule of the ANC; and Dawie Roodt says the digital economy is shifting power away from the state - including in South Africa. Meanwhile, Cell C’s dramatic turnaround puts a JSE relisting on the cards, Donald Trump’s attack on Tylenol wipes billions off a pharma giant, and Nvidia pours $100bn into ChatGPT’s parent company, raising the stakes in the AI arms race.
Alec Hogg's new daily update which is embedded in the BizNews Premium newsletter - covering the day's news you need to know.
At BNIC#2 in Hermanus, Ranmore Fund Management's Sean Peche delivered a sobering warning on global markets, arguing that the US is in "injury time" as passive funds distort valuations and private equity exits stall. He cautioned that while AI is real, history shows revolutionary technologies rarely translate into long-term shareholder wins. Peche pointed to Bitcoin hype, stretched US mega-cap valuations, and the dangers of performance fees, while outlining Ranmore's disciplined approach: focus on value, diversify globally, reduce client fees as the fund scales, and stay humble. His message — don't get swept up in stories, pick the losers, and always be able to sleep at night.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
Stanlib chief economist Kevin Lings tells BizNews why Johannesburg’s collapse is stifling growth, how Helen Zille’s mayoral run could change the city’s fortunes, and why South Africans are raiding retirement savings to splurge on clothes and shoes. With inflation steady at 3% but long-term savings under threat, Lings warns the two-pot system is becoming embedded in the economy - a short-term sugar rush with dangerous long-term costs
South African entrepreneur and outspoken capitalist activist Rob Hersov brought BizNews Investment Conference #2 in Hermanus to a fiery close with his trademark no-holds-barred critique of the ANC. Declaring that South Africa is “uninvestable under ANC rule”, Hersov warned that continued investment amounts to gambling with the future. He traced the country’s economic decline since 2008, citing failed governance, deindustrialisation, and a debt spiral. Yet, Hersov also outlined where he sees opportunity — gold, Bitcoin, AI ventures, tourism, and Western Cape property. Mixing hard economics with sharp rhetoric, he vowed to keep up pressure on the ANC “until the barbarians leave the gate,” while also calling for South Africa’s business and political elites to once again forge a path forward, as they did in the 1980s.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
Sakeliga has become involved in a previously low-profile seven-year legal battle over a 34-hectare farm worth an estimated R60m, which was expropriated for nil compensation by the ANC/EFF controlled Ekurhulen Metro. Here’s Sakeliga’s CEO Piet le Roux who says the case has massive political, economic and social implications.
In this exclusive BizNews interview, Helen Zille opens up about her return to frontline politics as the DA's Johannesburg mayoral candidate. She discusses the city's critical challenges, coalition complexities, and her vision for restoring effective governance. Drawing on her leadership experience, Zille outlines her 100-day plan and makes a compelling case for decisive action to rescue Johannesburg.
In this BizNews Briefing, Helen Zille is announced as the DA’s candidate for Johannesburg mayor, sharing her bold vision for the city. Political analyst Frans Cronje calls it the “most consequential political job in the country,” while Zille tackles tough questions about the DA’s strategy and government unity. Sakeliga has entered a seven-year battle over a 34-hectare farm, worth R60m, expropriated without compensation by the ANC-EFF Ekurhuleni Metro. Also in focus: Trump signals a possible US government shutdown, Alec Hogg confirms Neil de Beer’s Liberty Conference legacy, and Nvidia strikes a $5bn deal with Intel.
One week after the iconic Neil de Beer was laid to rest, BizNews Founder Alec Hogg joins Chris Steyn on the aptly named NdB Sunday Show to announce that Neil’s dream of a Liberty Conference will come true on 9 March 2026. The conference that Neil and Alec had already been planning will coincide with the big BNC Eight Conference. On the agenda will be talks and brainstorming on economic liberty, freedom of expression, the rule of law, and sovereignty versus overreach by the State. This will culminate in a group of people being charged to produce the Neil De Beer Freedom Charter. “…we are…going to be guided by Neil's spirit. And I do believe that he was spot on. This was probably the most passionate thing in his life… freedom, the freedom of South Africa and the freedom that so many people had sacrificed so much for, which is now under threat,”says Hogg.
At BNIC#2 in Hermanus, one of the top-performing global fund managers, Sean Peche from Ranmore Fund Management, delivered a sobering analysis of markets, warning that the same factors that once made China “uninvestable” are now surfacing in the United States, from excessive executive compensation to government intervention and broken trust with allies. He cautioned that AI is in a bubble, tech balance sheets are weakening, and market fear could trigger sudden shocks. Yet, Peche stressed that disciplined value investing, finding “diamonds in the dust”, remains the best way to navigate crises and deliver long-term returns.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
At BNIC#2 in Hermanus, political commentator Prince Mashele delivered a hard-hitting Q&A session warning that South Africa stands at a historic “realignment moment.” He predicted the ANC will fall below 20% by 2029, with voters eager to punish the party. Mashele urged South Africa’s elites to step into politics to replace what he called “scoundrels” in parliament, stressing that only leadership, unity, and meritocracy can rescue the country from collapse. He dismissed Jacob Zuma’s MK party as a family rent-collection scheme destined to implode, and argued that black and white South Africans are increasingly ready to co-govern.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
At BNIC#2 in Hermanus, author and political commentator Prince Mashele delivered a hard-hitting keynote declaring the ANC’s era of dominance over. He argued the party is in its final, chaotic stage—marked by individual looting rather than governance—and predicted at least 15 years of unstable coalition governments. Yet, Mashele was optimistic: South Africa, he said, is small enough to turn around quickly with the right formula—credible leadership, tackling crime, fixing public education, investing in infrastructure, and fostering unity across race. He urged elites from all communities to begin honest dialogue, warning that without action, South Africa risks remaining a “gangster paradise.”
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
At BNIC#2 in Hermanus, political scientist Frans Cronje warned that the ANC’s collapse is both inevitable and avoidable—simple reforms could revive growth and even secure the party’s future, yet internal paralysis and structural resistance to change make this unlikely. He described Ramaphosa as a consensus-seeker unsuited to crisis leadership, predicting that rather than saving the ANC, he will preside over its demise. Cronje argued that South Africa faces a fork in the road: either a functional unitary state with easy fixes, or Balkanisation. He also pointed to the Western Cape as a long-term winner regardless of national outcomes.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
Fresh from China, veteran mining analyst Peter Major joins Alec Hogg to unpack what he saw on the ground - from jaw-dropping infrastructure to a mining industry firing on all cylinders. He warns that while gold rockets to record highs, South Africa’s own mining sector is shackled by policy failure and a broken cadastral system. Plus, we look at Anglo’s global battles, Orion’s Glencore breakthrough, and why smart investors should keep an eye on copper.
In this interview with BizNews, one former ESKOM CEO, Jacob Maroga, responds to the interview last week with another former CEO, André de Ruyter. He discusses the use - and cost - of coal, solar, gas, and nuclear - and shares outcomes elsewhere in the world. “…the reality that we're going to have to deal with: we’re going to have to keep our coal much longer. And we're going to have to do a lot of things to clean up our coal so that from an air quality it's much cleaner,” he says. As for whether load shedding was likely to return, Maroga says: “…I'm confident that we're not going to see the crisis that we've seen with Stage Six load shedding almost every day, but you cannot never say that it will never come back. There may be other reasons that cause it, but I think...we are beyond the worst.”
In his latest appearance on BizNews, Elections Analyst Wayne Sussman dissects the results from the last two rounds of hard by-elections. In Soweto (Emdeni Naledi) the ANC fell sharply from 56% in 2021 to only 34%. “This is an astonishing result, and one which would really worry the ANC greatly,” Sussman says. Over in Durban, the DA won all three of Montclair voting districts, which uMkhonto we Sizwe won just over a year ago - and grew from 56% to 63%. “This is one of the best results they've had.” The PA achieved an historic result by winning their first ever ward (Kou-Kamma) in the Eastern Cape with 48% of the vote. The EFF gave the ANC a “major fright” in the Free State township of Kgotsong where the ANC fell from 54% to 50% while the EFF surged from 25% to 47%. Sussman also previews upcoming by-elections.
Renergen CEO Stefano Marani joins Alec Hogg to unpack the company's acquisition by ASP Isotopes. He explains why the deal makes strategic sense, addresses helium project delays, outlines future plans in critical materials, and reassures investors about long-term value. The conversation highlights South Africa's untapped gas potential and Renergen's pivotal role in global energy and tech supply chains.
Explosive testimony at the Madlanga Commission as KZN’s police commissioner Nhlanhla Mkhwanazi warns that politicians are shielding criminal networks and South Africa’s justice system risks collapse. The ANC’s NEC scrambles to fix failing municipalities, with Ramaphosa defending lessons from DA-run metros. In business, Renergen secures a Nasdaq buyer in a landmark gas deal, while the Fed’s modest rate cut rattles markets - sending gold to record highs before retreating. Plus, China pushes back on Nvidia’s latest chips
In a brisk, plain-spoken BNIC#2 Q&A, economist Dawie Roodt argues that South Africa's future prosperity won't be engineered by bureaucracy but built outside it—through skills, private capital, and technology that decouples work from place. He frames Bitcoin as an idea (money as a social construct), pours cold water on gold's fundamentals despite recent gains, and pegs the Rand's fair value near 17 on purchasing-power parity—stronger absent political shocks. With SOEs effectively "privatised by default," he backs full concessioning of Eskom and Transnet, urges a shift from credentials to skills, and warns high debt leaves markets vulnerable to external triggers. The ultimate safeguard, he says, is South Africa's democracy—use it to vote out decay and protect the institutions that remain.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
At BNIC#2 in Hermanus, political scientist Frans Cronje delivered a stark but data-driven forecast for South Africa’s future. He argued that investor confidence is the critical driver of growth, jobs, and political stability – and warned that unless South Africa lifts fixed investment to emerging-market levels, the country risks fragmenting into self-sufficient enclaves. Cronje outlined a three-step plan: refurbish coal plants to restore electricity, stop taxing capital inflows, and fully concession ports and rail. He added that US investment could catalyse growth, but without reforms the poor face exclusion while elites retreat into secure enclaves.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
Piet Viljoen, fund manager of the Merchant West Value Fund, shares his insights into the trend illustrated by today’s takeover offer for Metrofile, whose 30-year JSE listing looks to be coming to an end. Viljoen says many JSE-listed companies, especially those worth under R20bn, are “not undervalued….…….in the bargain basement bin” and explains why he expects the growing takeover trend to accelerate. He spoke to BizNews editor Alec Hogg
Police General Nhlanhla Mkhwanazi has filed a R5 million defamation suit against forensic investigator Paul O’Sullivan, demanding damages and an apology. But O’Sullivan remains defiant, calling the case a silencing tactic and insisting his claims are rooted in fact. He accuses Mkhwanazi of being “part of the broken criminal justice system” and vows to use the courts to shine a light on deep-seated corruption within SAPS.
In today’s BizNews Briefing, Paul O’Sullivan responds to a R5m defamation claim, Washington sharpens anti-ANC pressure, Fort Hare leadership faces mounting scrutiny, and Metrofile’s takeover highlights a wave of JSE delistings. Plus: Trump takes aim at shareholders, ATTACQ sees opportunity in SA property gloom, and Ramaphosa praises the DA’s Cape Town governance.
“The ANC wants your guns, but not for public safety.” So says Jonathan Deal, the leader of the Safe Citizen Campaign. He warns that if proposed amendments to legislation became law, the effect would be to turn millions of law-abiding South Africans into criminals overnight. “I don't believe that South Africans will hand their firearms in.” Deal points out that South Africans “are being squeezed from all directions”, and warns: “…if the government is going to insist on going down this road, the consequences may well be catastrophic for all South Africans”. Meanwhile, he recalls the role private gun owners played in quelling the 2021 riots in KZN, and says had it not been for that, the “insurrection would have completely engulfed KwaZulu-Natal - and I don't doubt that it would have spread right across the country.” He also slams the “complete dearth of control and accountability” in State organs of looking after their firearms, with some handed in under amnesty or recovered through other means being sold by SAPS officers to gangsters.
Senator John Kennedy from Louisiana yesterday proposed anti-ANC legislation in the US’s ‘Upper House’ which closely mirrors the Ronny Jackson Bill working its way through the House of Representatives. Breitbart senior editor Joel Pollak, the one-time front-runner to be the US ambassador to SA, provides context on this major development while offering a ray of light for Pretoria on the US/SA trade negotiations. He spoke to BizNews editor Alec Hogg.
Attacq CEO Jackie van Niekerk tells BizNews why Waterfall City is defying South Africa’s property gloom. With distributable income surging 25%, Mall of Africa nearly full, and new logistics hubs breaking ground, Attacq is building where municipalities fail. Van Niekerk says global brands see Waterfall as the safe bet for SA - and the blueprint for the country’s urban future.
From Cape Town’s booming Table Bay Mall to Johannesburg’s struggling Hyde Park, Hyprop boss Morné Wilken tells BizNews why well-governed cities are pulling ahead — and why his company is betting big on the Western Cape and Eastern Europe. With R1.6bn cash ready for deals, solar and water backup in place, and distributable income set to rise 10–12%, Wilken says Hyprop is cleaning up where municipalities fail, while still delivering growth to shareholders
At BNIC#2 in Hermanus, Deputy Finance Minister Ashor Sarupen laid out a candid roadmap for South Africa’s recovery. He stressed energy pragmatism - burn coal while building new transmission infrastructure and plugging in cheap renewables - alongside the urgency of restoring the rule of law. Sarupen argued that functional coalitions, not one-party dominance, will shape the country’s future, and said the GNU has “detoxified” the DA’s brand among sceptical voters. His core message: without growth, stability, and law enforcement, South Africa risks repeating July 2021’s chaos.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
The once-illustrious University of Fort Hare has been in the headlines for Capture by a Corruption Mafia. But despite a spate of arrests, there has been no return to normality at the institution with governance being "almost non-existent". In this interview with BizNews, Grant Abbott, the General Secretary of the National Tertiary Education Union, and suspended SRC President Aphelele Khalakahla lay bare the culture of intimidation that now persists. “There is a prevailing sense of fear on campus…victimisation that continues against staff and against students. You would think that by now, with things at an advanced stage in terms of the court processes, with all the people that have been arrested that things will start normalising at the university, but it's actually not. It's continuing - and I would even say it's getting worse… Anyone who wants to speak out gets silenced,” charges Abbott. Khalakahla says: “We knew that obviously, even if we use university processes and escalate matters within the sector, we are going to be victimised. I am going to be the first victim. Calling for the head of Vice-Professor Sakhela Buhlungu, Abbott says: “…he needs to be relieved of his position with immediate effect. And if that doesn't happen, then the Minister needs to act.”
In today’s BizNews Briefing, Alec Hogg unpacks results from Hyprop and Attacq, the property giants behind Rosebank Mall and Mall of Africa, both showing resilience despite governance headwinds. He highlights a stark warning for South Africa’s corrupt politicians as youth-led revolutions sweep across Asia. Clips from the BizNews Investment Conference feature economist Dawie Roodt and Deputy Finance Minister Ashor Sarupen on SA’s soaring debt and failing municipalities. On global markets, Alphabet parent Google crosses the $3 trillion milestone, while nuclear innovation could reshape the future of energy.
Tipping car guards or paying street vendors in South Africa still relies heavily on cash. But many people no longer carry cash, and some vendors don’t have bank accounts to accept electronic payments. Street Wallet offers a practical workaround: traders receive a QR code that links to a web-based payment page. Founder and CEO Kostas Scholiadis told BizNews the company has raised R6.3 million to scale the solution, with plans to expand to Durban and Port Elizabeth. Each trader’s profile on the app includes a “Hire Me” option, offering a pathway to more stable work. One of the biggest challenges, he says, is initial distrust—but once traders and guards start using the system, “they’re very sticky.”
At BNIC#2 in Hermanus, economist Dawie Roodt delivered a no-holds-barred analysis of South Africa’s economy, warning of a looming financial crisis driven by unsustainable debt, state destruction of capital, and ANC misrule. Drawing on global trends, the future of money, and the collapse of manufactured goods prices, Roodt argued that only growth can save South Africa - and growth requires protecting property rights, embracing free trade, and maintaining sound money. His blunt conclusion: “The only way to fix South Africa is to get rid of the ANC.”
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
At BNIC#2 in Hermanus, Deputy Finance Minister Ashor Sarupen delivered a stark warning: South Africa’s economy is stagnating and only deep structural reforms can turn it around. He identified three urgent priorities - fixing the broken energy system, unclogging ports and freight rail, and reforming dysfunctional municipalities. Without these, he said, South Africa cannot escape joblessness and poverty. With them, the country could realistically achieve 4–5% growth. “Growth is not a luxury, it’s a necessity,” Sarupen concluded.
This BizNews production is brought to you by Brenthurst Wealth. Building wealth and protecting legacies since 2004. Invest Better with Brenthurst: https://www.bwm.co.za/.
In a candid Q&A at BNIC#2, former Eskom CEO Andre de Ruyter unpacked the end of load shedding, crediting new generation units, rooftop solar and heavy diesel spending. He stressed that the private sector, not government monopolies, holds the key to sustainable energy security. De Ruyter warned that sabotage, corruption and weak political will had crippled Eskom, and said government should exit business where markets can deliver. Reflecting on his own tenure and experiences abroad, he left the audience with a stark choice: South Africa can decline through drift, or renew through reform.
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In today’s BizNews Briefing, Cyril Ramaphosa unveils the ANC’s new Service Delivery Action Plan, Thabo Mbeki explains why his foundation pulled out of the National Dialogue, and Andre de Ruyter challenges claims of Eskom’s overstaffing while warning of soaring wage costs. Also in focus: Transnet failures, Tesla’s succession plan, Fed rate signals, and Victor Matfield’s banter after the Boks’ record victory over the All Blacks.
South Africa’s education system faces significant challenges, with Grade 5 pupils ranking last globally in mathematics and science, and an alarming 81% of children unable to read for meaning by age 10. Yet, Queen’s College Boys’ High School in Komani, where 94% of students are Xhosa-speaking, defies the odds in a province that lags behind its neighbour, the Western Cape. In an interview with BizNews, Headmaster Janse van der Ryst attributed the success of Queen’s College to six pillars: daily excellence, upholding identity, active participation—where no one is allowed to sit out and everyone attends sports matches until the final whistle—mutual support, community service, and solution-finding. Van der Ryst, a former Boland cricketer, believes this blueprint could be replicated to improve education in the Eastern Cape and other rural areas, such as the Transkei.
Speaking at the second BizNews Investment Conference (BNIC#2) in Hermanus, former Eskom CEO André de Ruyter warned that South Africa faces the same collapse conditions as 1989, but said bold leadership could spark renewal. He called for a “fantasy SONA” in 2026: needs-based empowerment, a new Scorpions, fiscal discipline, and market-friendly reforms. With five months to act, he urged Ramaphosa to choose between quiet failure - or a legacy-defining pivot to growth and prosperity.
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In his weekly chat with Bronwyn Nielsen, Stanlib chief economist Kevin Lings unpacks US inflation and the Federal Reserve’s looming rate cut decision amid rising political pressure from Trump. He also highlights South Africa’s widening trade deficit, fragile 1% growth outlook, and the unsustainable retail boost driven by pension withdrawals—warning that without major investment in infrastructure, SA’s economy will keep “treading water.”
From protests erupting in Westbury over an eight-year water crisis to Parliament delaying key testimony in a high-profile police probe, South Africa’s domestic tensions are rising. In the US, conservative activist Charlie Kirk is gunned down at a university event, while Israel’s strike on Hamas leaders in Qatar sparks rare criticism from Donald Trump. Plus, OpenAI’s $300bn Oracle deal shakes up tech—and Rassie Erasmus says the Springboks are ready for the All Blacks
President Ramaphosa doubles down on the National Dialogue as critics circle, while SA heads back to Washington to battle painful US tariffs. Abroad, Israel’s strike on Hamas leaders in Qatar ramps up Middle East tensions. In business, Anglo American and Teck’s $50bn copper mega-merger shakes up global mining. Back home, Patriotic Alliance leader Gayton McKenzie stirs controversy, and Parliament erupts as the Sports, Arts and Culture Minister storms out after a fiery EFF clash.
Mining guru Peter Major unpacks Anglo American’s surprise merger with Teck, the copper-driven strategy behind it, and what it means for South Africa’s mining future — from Pan African’s growth to Transnet’s failures.
Ninety One CEO Hendrik du Toit has broken corporate silence, warning that South Africa risks “shooting itself in the foot and the head” as criminals infiltrate state institutions and assassinations go unanswered. In a rare rebuke, he calls on citizens and business alike to demand accountability, fix law enforcement, and seize SA’s global opportunities before lawlessness destroys them.
From Hendrik du Toit’s blistering critique of South Africa’s decline to Anglo American’s $40bn Canadian merger, Alec Hogg unpacks a day of seismic shifts in politics and business. Add in the real-life “Succession” ending, Macron’s leadership woes, and JSE updates from SPAR and Super Group - it’s a briefing packed with high-stakes moves and hard truths
The new party of former Economic Freedom Fighters (EFF) Deputy President and MKP SG Floyd Shivambu is wooing the vast pool of unregistered South African voters for the support it would need to get the Afrika Mayibuye Movement (MAYIBUYE) into government. In this interview with BizNews, the party’s Head of Political Education, Tumelo Mlangeni says: “Combined, the population that is not voting could be able to bring us to government…our primary focus is really not the EFF and the MKP. As mentioned, they are quite small organisations. Our focus is also not the ANC. The ANC is dying a natural death.” Meanwhile, MAYIBUYE has set down strict guidelines for the conduct of its leaders. “We are about to roll out a major induction programme to all the structures of Afrika Mayibuye…And that induction will be guided by the Manifesto, which clearly pronounces what we expect from them….Any thought of corruption within Afrika Mayibuye, is frowned upon. Just a thought….We are bringing about a new leadership core with values that are allergic to corruption.” Mlangeni also calls for the transformation of policing. “…if a government is corrupt and if a government is criminal in nature, the enforcers of the laws that are passed by government will obviously also take advantage of the society”.
Anglo and Teck join forces to form a copper giant, creating Anglo Teck plc as a formidable defence against BHP and Glencore.
Cape Town’s safety chief, Alderman JP Smith, tells Alec Hogg how the city is deploying hundreds of new law enforcement officers, drones, cameras, and even bait cars to confront the surge of violent incidents on the N2 and R300. With pressure mounting on the national government to devolve policing powers, Smith warns that Cape Town is no longer waiting for Pretoria to act.
In today’s BizNews Briefing, Ninety One CEO Hendrik du Toit defies the political consensus with a rare public critique, while Ramaphosa’s land reform praise stirs growing unease. Cape Town ramps up policing to combat N2 violence, and BizNews prepares to launch the Ricardo Portfolio at the end of September. Also in focus: AI’s disruption of Hollywood, Elon Musk’s trillionaire trajectory, Altvest’s bold Bitcoin bet, and key updates from AVI and Metrofile.
Journalist and author Stephen Cranston unpacks his book The Mavericks, revealing how Allan Gray, Coronation, and Investec’s NinetyOne reshaped South Africa’s financial services industry. From Coronation’s explosive breakout to Allan Gray’s long-term genius and NinetyOne’s global ambitions, Cranston explores the partnerships, culture shifts, and bold moves that defined an era, and why the next wave may come from nimble niche players
In the latest edition of the NdB Sunday Show, Chris Steyn talks to Renaldo Gouws, former parliamentarian, industrial psychologist and podcaster. Joining the chorus of outrage over President Cyril Ramaphosa going to Zimbabwe and praising their Land Reform programme, he says: “…there's one president that deserves to be kicked out as soon as possible, that would be Squirrel RamaMampoer”. Lamenting the assassination of insolvency lawyer Bouwer van Niekerk, he says: “…it’s just reached a point where these individuals need to almost wear bulletproof vests to protect themselves. But once again, because of the syndicates that we have, because of the government that we have, crime thrives, criminals are protected, and the people that want to blow the lid on corruption are ultimately the ones that are executed because that is what happened.” Gouws dissects the race scandal at Stellenbosch Municipality where the HR manager was recorded making a case for the exclusion of white men. Meanwhile, he is not surprised that US President Donald Trump has declined an invitation to the upcoming G20 Summit in South Africa. “There’s just been this constant attack from South Africa towards the United States. And ultimately, we are dealing with somebody that is far more powerful than us. And look, I understand that if we stood on principle, then that could be a valid reason. But what principle are we standing on?” Gouws also has something to say about the attacks on independent podcasters and alternative media
BizNews founder Alec Hogg joins Bronwyn Nielsen to reflect on the 12-year journey from startup to multimedia platform. They explore BizNews’ pivot from the political economy, the privilege of building a loyal audience, and the renewed focus on business journalism. Alec unpacks lessons learned, ownership rumours, and why Benjamin Franklin’s aphorism that “knowledge pays the best interest” remains the organisation’s guiding principle. The discussion also announces the launch of the Ricardo portfolio, set to debut at the end of the month on the EasyEquities platform, marking an exciting new chapter for the BizNews community.
In today's BizNews Briefing, South Africa’s China ties come under The Economist’s lens, Sibanye boss Neil Froneman retires, Sim Tshabalala flags G20 headwinds, and Alphabet drives portfolio gains. Banking guru Kokkie Kooyman dissects executive reshuffles and rate prospects, while we end with a viral video of a CEO stealing a hat.
In his latest interview with Chris Steyn, Ian Cameron, the Chair of Parliament's Portfolio Committee on Police, slams former Police Minister Senzo Mchunu for setting the Hawks on a satirist. “..it’s just absolutely ridiculous, ludicrous to say the least - and that they would fly down a team from Johannesburg to come and waste time when there's actual real crime to fight. So proper North Korean-style operation…” Cameron calls 40 gunmen taking control of a municipal council in Northwest a “municipal coup d’etat". He says it begs the question whether we could expect “more on a provincial and even a national level” and says “this is exactly one of the reasons we should fight against the disarming of lawfully armed citizens”. Commenting on delays in the launch of the Ad Hoc committee that has to hear the Mkhwanazi allegations of Police Capture, Cameron says it is “extremely frustrating process…we continued to see the delays move forward. We just kept on hearing more excuses for things not happening. And now we're already more than a month in since when we could have started work in the beginning of August, and we still haven't finalised the programme”. Meanwhile, he laments the “bloodbath” on the Cape Flats. “…in the top 30 stations in the Western Cape, over the last month of August, we saw over 300 people being murdered. The impression is given that the police are doing what they can, but to be honest with you, they're not. They don't have the capacity even if they wanted to.”
From ABSA’s revolving-door leadership to Nedbank’s African retreat and Capitec’s bold push into Mexico, banking guru Kokkie Kooyman unpacks the seismic shifts shaping South Africa’s financial sector. With execs playing “musical chairs” across institutions and global interest rates in flux, Kooyman tells BizNews why investors should watch the banks closely — and why culture, confidence, and dividends matter more than ever
In his latest interview with Chris Steyn, elections analyst Wayne Sussman gives the backstory to gunmen taking control of a municipal council in Northwest where different factions of the African National Congress (ANC) are backing different mayors. “…this crazy scenario of the rival factions having gunmen in the municipality, gunmen near a council chamber, near the engine of this municipality, is greatly concerning, not just for our democracy, but also for service delivery in South Africa,” Sussman says. Furthermore, at least 148 municipal officials have been murdered since 2018 - and two by-elections in the space of seven days are because of assassinations. “… people resort to literally killing their opponents,” he says. Sussman gives an in-depth analyses of the by-election results of the last two rounds with trends showing that the Patriotic Alliance continues to “do a lot of damage” to the ANC, but that its support remains “absolutely rock solid" in Limpopo and in the Eastern Cape. Meanwhile, the Democratic Alliance had a “morale boosting" victory in the Northern Cape.
Stanlib’s chief economist Kevin Lings warns that South Africa has run out of options: ballooning government debt, crippled SOEs, and shaky politics mean the state can no longer drive growth. The only path left? Public-private partnerships to unlock business confidence, leverage strong corporate balance sheets, and revive infrastructure. With retail spending up, inflation low, and markets flying, Lings says the spark is there — but without urgent reform, the flame won’t catch
In this episode of MiningWeb Weekly, Peter Major offers sharp insights into global mining trends, the US gold resurgence, and challenges in Mali. He unpacks South Africa’s deteriorating mining environment, government overreach, and missed opportunities. With commentary on Sibanye’s gains, Goldfields’ strategy, and Zimbabwe’s stagnation, Major paints a candid picture of the mining sector’s shifting global landscape.
In tough times, savvy investors tend to overlook the growth hype and focus on stocks with solid management, strong business models, and resilient markets. Building supplies retailer Cashbuild always fitted the bill, but lost its shine after a R350m acquisition didn’t go according to plan. As a result, the share price dropped 20% in the past six months. Cashbuild’s low-key CEO Werner de Jager spoke to BizNews editor Alec Hogg after this morning’s publication of the FY25 results. There’s a lot for existing and potential shareholders to like about what he shared.
Ramaphosa sparks uproar backing Zimbabwe’s land grabs, just as SA readies joint naval drills with Russia and China before the G20. Across the Atlantic, America’s Supreme Court boosts Trump’s power while Elon Musk bets Tesla’s future on humanoid robots, not cars
President Cyril Ramaphosa has been slammed for describing Zimbabwe’s land confiscation process as “essential” and “ambitious”. In his reaction, Willie Aucamp, the Democratic Alliance’s National Spokesperson, said Zimbabwe was “destroyed by the ideology and the implementation of their land grabs. And for our president to now go and praise the land reform efforts that Zimbabwe instituted in early 2000s is unacceptable…you're getting into a position where you are very afraid of what the real ideological ideas behind the Expropriation Act is…if you've got a president standing on an international stage like the one that he was on over the weekend, praising them for an absolute catastrophe of land reform implementation, it is going to deter investors away from our country and it's going to harm our economy - and it should not be allowed.” Aucamp stresses that the DA is “totally in favour” of redistribution of land, providing it takes places within the bounds of the Constitution. Meanwhile, Aucamp feels conficent that his party’s court case against the Expropriation Act will succeed.
South Africa’s plan to conduct naval exercises with Russia and China in the same month it is hosting the G20 summit, has been slammed by US intelligence analyst retired Colonel Chris Wyatt. “This is intentional. This is provocative. This is meant to insult Donald Trump and the United States.” As for the visit of SA’s top SANDF general to Iran, Col Wyatt charges: “Quite frankly, I think he should be court-martialed for his actions because they were provocative.” Col Wyatt calls for the removal of “useless” Defence Minister Angie Motshekga. Also commenting on the mounting legal challenges being faced by MTN because of its relationship with Iran, Col Wyatt notes that its Chairman is Mcebisi Jonas, SA’s Special Envoy to the US, “the man who's never been to America, is a Special Envoy who…doesn't have a diplomatic visa and…hasn't been accredited because he's been rejected by the United States government because of his conduct”. He warns: “This case might be the thing that finally just leads to the US taking action against South Africa.”
In today’s BizNews Briefing, tributes continue to pour in for Neil de Beer, while intrigue between Pretoria and Washington deepens with allegations of influence campaigns involving South Africans abroad. We cover the bizarre battle over the body of Zambia’s late president, weigh gold’s record-breaking rally against diamonds dragging Botswana’s economy, and unpack Shoprite’s robust results alongside Glencore’s ferrochrome retreat. Plus, all eyes turn to Eden Park as the Springboks prepare for their biggest clash since the Rugby World Cup final.
In today’s BizNews Briefing, we honour Neil de Beer, a true patriot and a national treasure. Also on the agenda: Cape Town’s deadly N2 gauntlet, shocking revelations about the perks and pay of South African MPs, Nvidia’s results shaking global markets, Cell C's high-stakes restructure, Bidvest’s steady but pressured numbers, and CA Sales’ strong growth despite currency headwinds.
On the first Sunday Show since the passing of the irrepressible Neil de Beer, host Chris Steyn honours his fearless spirit of resistance by renaming it the NdB Sunday Show. In his tribute, commentator Renaldo Gouws describes De Beer’s life “as a testament to courage, conviction, and an unyielding love for our nation”. He goes on to tackle some of issues that would have equally enraged Neil, including “Special Leave” Police Minister Senzo Mchunu’s unleashing an “extraordinary amount of force and also abusing his power in order to do that” on a podcaster who had bruised his ego with a satiric sketch. To better enlighten voters, Gouws, a former Parliamentarian, reveals all the perks MPs get in addition to their salaries. He also warns what drastic lifestyle changes are in store for politicians if they are hit with personal sanctions. “…it’s going to be a very tough time. And I think that would be the thing, ironically, that would actually put South Africa on the correct path again because if you hit these cadres where they feel it the most, which is in their pockets, then that is when we will see a change in South Africa.” Lastly, he calls on Parliament’s Ethics Committee to act against Economic Freedom Fighters (EFF) Commander-in-Chief Julius Malema following the Equality Court finding that he and his party are guilty of hate speech and incitement to violence.
iLaunch, South Africa’s leading woman-led recruitment agency, is transforming tech and talent acquisition. Founded by Toni Volschenk, the company bridges the gap between top-tier professionals and dynamic industries, from finance to AI. With a people-first approach and a 95% female team, iLaunch blends empathy, innovation, and strategy to deliver powerful, future-focused hiring solutions across the country.
Wayne Coetzer and anti-crime activist Paul Treleven share chilling first-hand accounts of deadly attacks along the N2 highway near Cape Town International Airport. With boulders hurled at cars, tourists targeted, and law enforcement absent, they warn Alec Hogg that without urgent action the Western Cape’s booming tourism and wine industries could face devastating consequences.
The General Botha was originally an ex-Royal Navy cruiser, later converted into a training ship that served as a nautical college from 1922 to 1989. To honour the proud legacy of South Africa’s only training ship, former students established the SATS General Botha Association Bursary Fund in 2011. The fund aims to provide life-changing educational opportunities for young South Africans pursuing careers in maritime studies. In an interview with BizNews, Tony Nicholas - chairman of the association and himself a former cadet, shared what it meant to train four Chiefs of the South African Navy, a Victoria Cross recipient from World War II, and a Mayor of Johannesburg. Nicholas explained that the training includes compulsory school projects, mentoring, and a range of activities such as swimming, pre-sea training, sailing, and motor boating, all supported by skilled volunteers. He noted that the Bursary Fund is viewed as a way to perpetuate the legacy of the General Botha and honour all those who trained aboard her.
State-owned Denel is “standing naked in the US courts” after being sued by a US company for non-delivery of jets. Armscor is “struggling”. The SA defence sector is “in tatters”. The SANDF is “rudderless…and in free fall”. Such is the crisis in the Defence Force that Chris Hattingh, the Democratic Alliance spokesperson on Defence and Military veterans, warns: “We are in a very precarious position and we see what's happening in North Mozambique. We see what's happening in the Mozambique Channel…and we are exposed”. Asked how likely it is that South Africa could face that kind of Islamic insurgency somewhere along its borders, Hattingh says: “Well, that's speculation, but remember that once we become defenseless, we become an easy target. There's a saying that there will always be a capable military on our soil, whether it's our own, it's our own choice.” Hattingh also slams the failure of both the President and the Minister of Defence to act on the SANDF-Iran scandal. “…we have this deafening silence from the Commander-in-Chief of the SANDF, the President, on this issue. The President can act, he can act now. It's opportune, but we don't really have a history of the President taking decisions specifically on issues such as that, and certainly not in a hurry.”
In Today's BizNews Briefing, South Africa’s “Boere Buffett” Jannie Mouton leaves a R7bn legacy by turning Curro into a non-profit. Tshwane’s corruption scandals deepen as Cilliers Brink speaks out, while Denel’s mismanagement haunts taxpayers. Peter Major unpacks gold’s explosive run, the FT highlights Bitcoin’s role in collapsing Venezuela, and corporate results from Rainbow Chicken, Impala Platinum and Harmony Gold. We wrap up with All Black banter ahead of the Springbok clash.
Studying abroad is becoming more complex for South African students as visa rules tighten, and compliance thresholds rise. Brent Morris from Sable International told BizNews that UK institutions now risk losing their licence to sponsor international students if over 5% of visa applications are rejected. He said, while the UK and USA remain top choices, interest is growing in postgraduate options in Germany, Spain, Ireland, and Australia. Sable International, which claims a 100% placement success rate, recently secured a German university acceptance in just two hours. Morris says the company stays closely connected with students, helping them land internships and jobs abroad. And the most common question asked by parents: "How will my child feed themselves?". The company is hosting educational expos across South Africa in September, offering students a chance to meet university representatives and advisers.
In a landmark act of philanthropy, “Boere Buffett” Jannie Mouton’s foundation is buying out Curro’s minority shareholders for R7.2 billion, converting the 189-school group into a non-profit. The Jannie Mouton Foundation will own Curro outright, reinvesting all profits into bursaries and new schools for underprivileged children. It’s the biggest private education donation in SA’s history - a bold move that Mouton’s son Jan says reflects his father’s belief that fixing education is key to South Africa’s future.
In this episode of Miningweb Weekly, Peter Major discusses the resurgence of global mining, the impact of critical minerals, and South Africa's complex investment climate. From Rio Tinto’s exit plans to potash's new strategic status, Major offers sharp insights into the forces shaping the sector - and why now might be a pivotal moment for mining worldwide.
Amid outrage over government's delay to launch the Commission of Inquiry into the explosive allegations of Police Capture made by whistleblowing general Lucky Mkhwanazi - and fears of a cover-up in the making, BizNews speaks to Juanita du Preez of Action Society over the smoke and mirrors behind the scenes. “If people have very big secrets to conceal…,they will do anything to keep it covered and secret. That's why we see everybody scrambling around and we don't know what is going on exactly behind the scenes, where the alliances are.” She questions whether Police Minister Senzo Mchunu - who is on special leave -might be seeing his alliances dry up. As for former Police Minister Bheki Cele, she says: “…I don't I don't think his alliances are that strong anymore…maybe he overstepped into the criminal world too much. We all know he was involved in the criminal world, but maybe his alliances were not as strong as he thought. And people are covering their own backs, not his, because he doesn't have power anymore.” As for General Mkhwanazi who is continuing to open cans of worms, Du Preez says: “We should be careful not to make him a messiah, but at least he's a whistleblower. And it seems like he really does have...the best interest of the South African Police Service and South Africans at heart.”
In today's BizNews Briefing, South African legend Jannie Mouton announces a bold shift to turn Curro into a non-profit, reshaping education’s future. A new poll puts the DA ahead of the ANC, raising questions about Ramaphosa’s presidency. Plus, Trump’s assault on the Federal Reserve sparks global alarm, and Cadillac makes a high-profile entry into Formula One.
Polling expert Gareth van Onselen unpacks the DA’s surge in South Africa’s key metros, saying the ANC’s steep urban decline could put standalone DA governments within reach. From Tshwane to Johannesburg and beyond, Van Onselen explains why local elections favor opposition parties, the ANC’s coalition struggles, and what big shifts may lie ahead for SA’s political landscape
Political fireworks and hard truths dominate today’s BN Briefing. Helen Zille slams a DA poll she calls “nonsense,” Naledi Pandor shocks her own party with brutally honest criticism, and SA’s licence backlog chaos drags on. Plus, Donald Trump makes bold moves on Ukraine and Gaza, while markets eye Palantir’s lofty valuation.
In today’s BizNews Briefing, MTN chairman Mcebisi Jonas claims he is the target of a treasonous “info war” undermining US–SA ties, while critics question his diplomatic role and MTN’s dealings in Iran. DA’s Tshwane mayoral candidate Cilliers Brink stresses why citizen engagement is vital to fixing broken cities. On the global stage, Apple weighs using Google’s Gemini AI for Siri, and markets dissect Fed Chair Jerome Powell’s Jackson Hole message. Evelyn Farkas examines Russia’s grip on Trump and security guarantees for Ukraine. Plus, Rassie Erasmus reflects on the Springboks’ gritty 30–22 win over Australia in Cape Town.
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In the latest Sunday Show, Chris Steyn hosts Renaldo Gouws, former Parliamentarian, podcaster and industrial psychologist. He speaks about the litany of woes besetting the once mighty African National Congress (ANC) that is now “bleeding” support: the breaking of ranks by Senzo Mchunu, the Police Minister on special leave, and long-time Jacob Zuma ally Malusi Gigaba. He warns that the raging factional battles in the party could force out President Cyril Ramaphosa if a secret ballot is allowed in the upcoming Vote of No Confidence. Gouws questions the “attempted hijacking” narrative around the attack on Police Portfolio Committee Chair Ian Cameron, as well as the political relevance of Deputy Defence Minister Bantu Holomisa who threw an on-air tantrum last week. Gouws further dissects the “double standards” at the heart of the saga of Kleinfontein, the Whites-only settlement threatened with demolition by the City of Tshwane. He also comments on his own Press Ombudsman victory against News24.
With MTN facing mounting legal challenges because of its links to Iran, BizNews interviews US Attorney Nicholas Reddick whose firm Willkie Farr & Gallagher and partner firm Sparacino have filed five lawsuits on behalf of over 500 American veterans and family members who lost their loved ones in wars in Iraq and Afghanistan. “…there have been former employees or officials at MTN that have come forward and provided evidence that we believe establishes our allegations that MTN was knowingly supporting terrorism in Iraq and Afghanistan…we believe we've obtained evidence and have, again, well-founded allegations that everyone at the highest levels of MTN knew what was going on”. Asked if President Cyril Ramaphosa’s name features in the lawsuits, Reddick says: “Yes, so he does appear in our complaint. You know, he was heavily involved in the leadership at MTN for a time.” As for the US Government’s Grand Jury investigation into MTN, Reddick - a former Department of Justice Prosecutor - says: “Typically when the department opens a grand jury investigation, it's because they believe they have well founded evidence of wrongdoing.”
**Read MTN's full response to the interview here: https://www.biznews.com/sa-investing/right-reply-mtn-group-rejects-claims-terrorism-support
Many African cultures use body parts, claws, teeth and hides in rituals. Vultures are often targeted because their keen eyesight is believed to grant clairvoyance. In Limpopo’s Blouberg Nature Reserve, VulPro is raising awareness of vultures’ vital role; community involvement and youth engagement have reduced muti‑related killings. CEO Keri Wolter told BizNews that school programmes have shifted young people’s attitudes — more now report sightings and value vulture protection. Wolter says vultures uniquely consume diseased carcasses and that her interest began after raising an abandoned chick. She said Vulpro is hoping to use the success of the Limpopo project to other hot spots area of South Africa where there is side-by-side living with culture colonies.
Iranian-born and bred economist Dr Iraj Abedian is baffled by loyalty expressed by SANDF general to his homeland’s theocratic regime - arguing it carries zero upside and substantial downside for South Africans. Abedian says those who pay General Rudzani Maphwanya’s salary - and soon his generous pension - should be demanding an explanation. In this insightful interview, the academic-turned-entrepreneur also offers context on the significant challenges its Iranian connection is causing MTN. He spoke to BizNews editor Alec Hogg.
Multi millions of Rands are lost to sextorion, extortion, and extreme extortion by police impersonators and corrupt cops in South Africa. So says Specialist Investigator Mike Bolhuis who has investigated many such cases. “It is too much to count and it's too difficult to give the statistics, but just to shock the public: We have more than I would say 10 million photos, if not more, during the last 20 years of sextortion alone, which we have stored and kept and which we keep as to see if they're going to be used again.” Bolhuis further describes how kidnappers are weaponising sexual violence for extortion by filming threats of rape or actual rape to ensure a bigger faster payout from the family who would want to prevent distribution of the material. He reveals that in 90% high-level kidnappings, the ransoms are paid out. He says the kingpins walk free because these organised crime syndicates have all the facets of a Mafioso infrastructure organisation. “It is so strong that it hijacks the country; it completely controls the country - and it is untouchable.” However he expresses the hope that the recent allegations by whistleblowing General “Lucky” Mkhwanazi will “will implode and explode this complete stronghold that this organised crime gang, Mafioso group, has in our country.” Meanwhile, Bolhuis has some advice for especially the rich and famous on how best to protect themselves.
In today's BizNews Briefing, South Africa’s BEE debate intensifies as Dawie Roodt warns of “black billionaire empowerment,” while Cape independence draws fresh attention from Washington. Mining expert Peter Major likens ANC exploration policy to a “tourniquet” choking the sector’s lifeblood, and columnist William Saunderson-Meyer cautions that the nation is in a “very dangerous place.” Plus, Bloomberg exposes gaming of the US work visa system, Spur and Exxaro release results, and Atterbury battles boardroom upheaval - all wrapped up with a light-hearted viral clip of a singing dog.
In the debut episode of Miningweb.com’s flagship show featuring inimitable Peter Major, the conversation covers topical developments of interest to investors. This week’s menu kicks off with Anglo American’s results and an aborted coal sale to Peabody and accelerates. Major spoke to BizNews editor Alec Hogg.
South Africa’s economic chickens are coming home to roost. Economist Dawie Roodt warns that Black Economic Empowerment has enriched a politically connected elite while leaving the majority trapped in poverty. He says powerful trade unions are pricing workers out of jobs and strangling productivity, while the state is failing in its most basic duty to keep citizens safe. For Roodt, the penny is finally dropping - South Africans are waking up to the link between bad policy, job losses, and a shrinking economy.
In today’s BizNews Briefing, The Economist delivers a stinging critique of South Africa’s BEE policies, warning they enrich the few while impoverishing the nation. Generals Maphwanya and Mkhwanazi dominate headlines - one for a controversial trip to Iran during tense US trade negotiations, the other for exposing deep collusion between politicians, unions, and criminals. Meanwhile, parliamentary oversight comes under fire - literally - as Ian Cameron and colleagues are attacked during a SAPS visit. On the business front, DRD Gold posts robust dividends, Naspers veteran Koos Bekker’s lieutenant steps down a billionaire, and AI stocks face a sharp Wall Street correction. The national dialogue also takes heat, this time from a young student leader giving voice to South Africa’s frustrated youth.
Ian Cameron, the Chair of Parliament's Portfolio Committee on Police and the Democratic Alliance Spokesperson on Police. has vowed to continue his work following a horror attack on his life in which two of his colleagues were also injured. In this interview with BizNews, he describes the violent attack following an oversight visit to the Phillipi SAPS Training Academy that has been mired in allegations of corruption and mismanagement. Despite previous Threat and Risk assessments done by the police that indicated that some kind of protection was necessary for Cameron, that has still not been implemented. As for the motive behind yesterday’s attack, Cameron says: “It's not going to stop us, whether it was targeted or not. We're going to continue doing what we do.” At the time of interview two of the three attackers were in custody, one - shot by Cameron - in a critical condition under police guard, while the third was being traced.
A small contingent of around 200 South African soldiers faced a force of up to 7,000 Seleka rebels during the Battle of Bangui in March 2013, a conflict that lasted for three days. The South African troops fought with extraordinary bravery and tactical skill, suffering 13 fatalities and 27 injuries while inflicting up to 800 casualties on the rebels. Their allies from the Central African Republic's army (FACA) and the regional force (FOMAC) abandoned them, leaving them exposed and outnumbered. The mission, rooted in a 2007 defence agreement, highlighted significant strategic missteps and severe military capability gaps, including a lack of air support and strategic airlift. This harrowing story underscores the human cost of geopolitical decisions and the critical need for a nation's military ambitions to align with its actual capabilities.
Disclaimer: This podcast was created by Google's NotebookLM, with content checked and edited by BizNews.
A lot of empty plastic bank bags were among the expensive bottles of whiskey and boxes of cigars left behind by the Guptas when they fled South Africa. So says Clive Lazarus, the Director of Park Village Auctions (PVA), the house that has sold the infamous Gupta compound where politicians and businessmen entertained lavishly during the State Capture era. The compound’ three properties, numbers 3, 5, and 7 Saxonwold Drive, Sandton, Gauteng, and their contents of furniture and appliances fetched an estimated total of R34,500,000. To date, PVA, on behalf of the Business Rescue Practitioners, has successfully disposed of Gupta-owned assets previously belonging to Confident Concept, Islandsite Investments, Koornfontein Mines, Optimum Coal Mine, Optimum Coal Terminal, The New Age Medial and VR Laser Services, clawing back “maybe in the hundreds of millions,” says Lazarus, adding, however: ”but the Business Rescue Practitioners have sold a lot privately, not through auction. That amount I wouldn't be able to give you, but it's a considerable amount of money. I would presume in the hundreds of millions of rands.” He notes that PVA is “proud” to be involved in many State Capture auctions.
Despite being the focus of a concerted campaign to eject him from the country, Western Cape Independence protagonist Phil Craig is continuing his fight to get the province out of the country tacked together in 1910 by a colonial power. In this interview with BizNews editor Alec Hogg, the co-founder of the Cape Independence Advocacy Group explains how a five-week working trip to the US - and continued own-goals by Pretoria - has injected fresh momentum into the project.
An expert on Donald Trump, Joburg-born Harvard Law School graduate Joel Pollak, explains why US President could (and should) be SA’s dream Oval Office friend. The frontrunner to become the new US Ambassador to SA, Pollak knows Trump well, having written two books on him and thousands of words about the famously ‘transactional’ leader. In this interview, Pollak explains why, despite a hectic agenda, Trump has been paying attention to SA - offering suggestions to transform antagonism into friendship and unlock an economic turnaround with the potential to create millions of new jobs. He spoke to BizNews editor Alec Hogg.
The Expropriation Act, recently enacted by President Cyril Ramaphosa, has spark retaliatory measures by the United States. Domestically, the Institute for Race Relations (IRR) warns of disruptions in the banking sector's practice of using property as collateral for home loans. Anlu Keeve told Biznews in an interview that the loss of stable property value as collateral could have a ripple effect throughout the economy. Higher credit risks for financial institutions may lead banks to tighten lending criteria, raise interest rates, and limit credit availability. Keeve also highlights the risks of increased investor nervousness and potential capital flight. Addressing criticisms that the IRR’s warnings are alarmist or fear mongering, Keeve points to historical precedents, citing Zimbabwe and Venezuela as examples of the economic chaos that can follow expropriation measures. "In Zimbabwe," she adds, "houses in Harare weren’t confiscated, but their value still collapsed."
Wildly incorrect figures on land ownership are being bandied about on social media in South Africa, where expropriation without compensation is a trending topic. We get some perspective from Institute of Race Relations (IRR) fellow Gabriel Crouse who says: “…if you want to know what could the government confirm in terms of racial ownership…it could only confirm 22% of land owned by white people.” He warns: “Black South Africans literally have the most to lose because Black South Africans have the most land in terms of urban land and almost certainly the most land by value, particularly if you're looking at residential land, which is the most valuable land in the country.” As for US President Donald Trump’s refugee offer to Afrikaners, he says: “…the State Department would have done much better to say that all South Africans are at risk, that all South Africans stand to gain from strong property rights and lose from weak property rights, and not to single out one group, which they can't even define, we suspect, for special refugee benefits.” Meanwhile, IRR Legal, which Crouse leads, is heading to court. “Personally, I think we're going to win.”
A race war of words has been raging for days over US President Donald Trump's refugee offer to Afrikaners. ActionSA leader Herman Mashaba has also been drawn into that. In this interview with BizNews, he says: “what I think I find strange is that these people who are criticizing me, insulting me actually of racism, are people who are happy when I criticize ANC corruption.” As for Trump, Mashaba says: “I think it is actually quite scary the manner and the rate at which Trump is actually taking his decisions.” Mashaba blames President Cyril Ramaphosa for not engaging, “particularly AfriForum and some of the political parties in his so-called GNU, because these are the people who went out and fed this information to Trump's advisors”. As for the role being played by Elon Musk, he says: “…this has never really happened in the history of United States where someone from outside can actually, actually looks like it's more powerful than the president himself”. Meanwhile, following some by-election defeats for former President Jacob Zuma’s MKP, Mashaba holds up KZN province “a good model for democracy because it says to all of us in all the provinces that let's not be married to political parties. Let us be married to what political parties stand for. We vote them in on the basis of what they promise and they fail, next time you punish them.”
The emergence of public intellectual Prince Mashele as a voice of reason continues gathering momentum. A voracious reader and writer his assessment on political developments are prized both locally and abroad. He spent an hour with BizNews editor Alec Hogg unpacking matters of a personal and professional nature. The result is a moment of clarity for those seeking context on the chaos being wrought by political leaders who are wanting. Mashele is a late inclusion in the lineup of presenters for BNC#7.
In this BizNews Briefing: Aaron Banks discusses Nigel Farage’s rising influence in UK politics, Donald Trump claims he’ll bring peace to Ukraine “within weeks,” and Athol Trollip slams Cyril Ramaphosa’s SONA as “delusional.” Rob Hersov weighs in on big business backing ANC policies, and Elon Musk teases the launch of Grok 3, his “scary smart” AI. Join host Alec Hogg for insights into the biggest stories of the moment.
In this week's episode of the BizNews Sports Show, Springbok legend and 1995 Rugby World Cup matchwinner Joel Stransky shares insights on rugby, from his iconic 1995 World Cup drop goal to the current state of the game. He discusses Wales’ struggles, Ireland’s rise, and his URC predictions. Plus, he talks about his charity, Lumo Hawk, and his upcoming Absa Cape Epic challenge.
South Africa’s foreign policy is under intense scrutiny as it forges ahead with its genocide case against Israel while maintaining ties with Iran—one of the world’s most oppressive regimes. With mounting economic pressure from the United States and shifting global alliances, is the country risking economic ruin for ideological consistency? Dr. Iraj Abedian dissects the contradictions, economic fallout, and what it will take for South Africa to recalibrate before it’s too late.
UK-based Ranmore funds founder Sean Peche takes a contrarian approach to the ‘Black Swan’ event threatening the South African economy, applauding the country for holding the line against US President Donald Trump. Likening Trump to former SA President Jacob Zuma, he predicts nothing but misery for Americans as a result of the US’s aggressive actions - and has positioned the Ranmore portfolios to reflect this. He spoke to BizNews editor Alec Hogg
Entrepreneur Arron Banks shot to prominence during and after the UK’s 2016 Brexit Referendum, where financial support for ‘Leave’ made him the country’s largest-ever political donor. Later that year, Banks and political ally Nigel Farage were Donald Trump’s first foreign visitors after the returned US President’s first shock victory. In this fascinating interview with BizNews editor Alec Hogg, Banks explains why South Africa is key in the Trump Administration’s strategy to address global political imbalances, cautioning about likely consequences from the ANC’s doubling down in its tug of the Eagle’s tail feathers. He also shares his SA connections; the spectacular growth of Farage’s Reform Party (now leading UK polls); and a long-running R150m fraud case against the South African miner who hosted Ramaphosa at the RWC. Banks will speak about Trump and SA at BNC#7.
In today's episode of the BizNews Briefing: the FT reports that South Africa will not stand down on it's genocide case against Israel at the ICJ - this after pressure from US President Donald Trump. BizNews speaks to the FT's David Pilling, as well as Iraj Abedian. In other news, tensions between Elon Musk and OpenAI founder and CEO Sam Altman heat up; Rwanda faces global backlash for its involvement with M23 rebels in DRC; US Federal Reserve Chair Jerome Powell is in no hurry to lower interest rates; and AfriForum CEO Kallie Kriel outlines the scope of the recently-passed Expropriation Act.
35 years ago, anti-Apartheid activist advocate Anton Lubowski was assassinated outside his home in Windhoek. His killers have still not been brought to book, but his widow Gabriele is still fighting for justice. In this interview with BizNews, she describes a walk Anton took with Hage Geingop, the now late President of Namibia, on the morning of his death. “…And he must have told Hage Geingop what burdened him. And a couple of hours later, he was dead. What is significant to me is that whenever somebody asked Hage Geingop about that, he immediately threatened them with lawyers.” She said the family had to leave Windhoek in ’92 because “I was just warned: Leave your fingers from this case. It is dangerous for you and the children.” Although a High Court inquest did find that Anton was killed by a hitman hired by the South African National Defense Force’s Civil Cooperation Bureau (CCB), Gabriele believes “they were only used as a decoy” and that the alleged hitman was “just a patsy” who “couldn't even hold an AK-47”. She describes visiting the CCB’s Ferdi Barnard in prison and believes he “really didn’t know” who had killed Anton. Gabrielle also addresses suspicions that Anton was a South African Military Intelligence (MI) spy, and says: “So whatever information Anton had, that he shared with Hage Geingob on the Tuesday morning of his death…was stronger…then the decision was taken, this guy needs to go.”
Kallie Kriel, CEO of Afriforum, SA’s most powerful civic society organisation, shares uncomfortable truths in this interview with BizNews editor Alec Hogg. The former schoolteacher, whose 18-year-old organisation boasts a vast network and over 300 000 contributing members, says the ANC and other supporters of EWC are spinning a false tune. He says the legislation is deeply malevolent. Among the unspoken consequences is the way this law will empower radical agents right down to a municipal level to attack all property rights - not just land, but any asset - put the onus on victims to fight through an expensive, snail-paced legal system. Kriel remains hopeful that US President Donald Trump’s intervention jolts Pretoria into recanting before the full impact of US economic power is unleashed on SA.
The Democratic Alliance has taken legal action to challenge the Expropriation Act, seeking to have it declared unconstitutional. BizNews interviewed DA Federal Chair Helen Zille, AfriForum CEO Kallie Kriel, and political analyst Dr. Frans Cronje for insights. Also in focus: the 35-year-old unsolved assassination of Anton Lubowski, Trump’s aid suspension to SA, and Elon Musk’s bold $97.4 billion bid for OpenAI.
Capitalist activist Rob Hersov paints a bleak picture of the consequences of current antagonism between the US and South Africa. His conclusion is that SA is headed for at least a repeat of the 1985 economic crisis, possibly worse, so batten down the hatches as those careless individuals manning the tiller will consciously drive the economy onto the rocks. He spoke to BizNews editor Alec Hogg.
In an exclusive BizNews interview with Bronwyn Nielsen, Helen Zille discusses the DA’s legal bid to have the Expropriation Act nullified, citing constitutional and procedural concerns. She warns that the Act could open the door to state overreach and economic instability, arguing that land restitution should remain within existing laws. Zille also weighs in on the Act’s implications for South Africa’s international relations, including potential fallout with the U.S. under a Trump administration.
In this robust assessment of the ANC’s reaction to US President Donald Trump’s recent pronouncements, political scientist Dr Frans Cronje points out parallels with what led to SA’s economic crash that followed PW Botha’s Rubicon speech in 1985. Cronje explains that unless the ANC leaders stop finger-wagging and actually listen to what the SuperPower is telegraphing - particularly, SA aiding Iran’s nuclear weapon ambitions - the country risks a disaster similar to the 1985 Debt Standstill that sent SA interest rates to 25%, collapsed thousands of SA businesses, sent hundreds of thousands into unemployment and sparked a wave of corporate disinvestment. He spoke to BizNews editor Alec Hogg.
U.S. President Donald Trump’s executive order granting Afrikaners refugee status and facilitating their resettlement in the U.S. has resulted in over 17,500 emails, calls, and messages from South Africans to the South African Chamber of Commerce in the US (SACCUSA), causing their website to crash. Neil Diamond, the President of SACCUSA, told Biznews in an interview that they have been overwhelmed by these inquiries. Diamond expressed concern about the impact of Trump’s actions on South Africa's economy, stating that the impact on food security is not being taken seriously. He called for “all hands on deck” to resolve the crisis, emphasising that South Africa now needs one voice. Diamond, who is heading to Washington to lobby South Africa's case, has called on President Cyril Ramaphosa to join the business community in the United States for roundtable discussions with the US President and the Secretary of State.
South Africa faces potential U.S. sanctions over alleged ties to Iran, while the DA’s role in the national unity government sparks disillusionment. Trump’s reported refugee offer to Afrikaners gains traction, and tensions in the DRC persist. Insights on LIV Golf, MicroStrategy’s success, and market shifts on today's BizNews Briefing.
In the latest edition of the Sunday Show on BizNews, Neil de Beer, the President of the United Independent Movement, speaks about the “multitude of racial explosions” that has hit South Africa in the wake of Afrikaner farmers being offered refugee status in the US by President Donald Trump, who has also cut off aid to the country. “We have really this week…hit the lowest of the low in 30 years,” De Beer says. He lists some of the “litany of small detonations on a string of pearls of a big dynamite bomb” from Trump: race-based laws, BEE, the BELA and EWC acts and the NHI. De Beer dissects the roles played by the African National Congress, AfriForum, and the Democratic Alliance - and says the shots the DA has been taking the past week, he has “never seen in my lifetime …in politics”. Slamming the “compromised” Government of National Unity (GNU), De Beer charges: “…it seems that in the GNU, you'd rather be popular than take the bloody right decision for 60 million people”. He also gives his take on President Cyril Ramaphosa’s “unfortunate dud” SONA speech; lists those politicians hoping to succeed him, but warns: “…it’s a shocking shame that this country has run out of statesmen or stateswomen”. He concludes with this emotional plea: “I beg the leaders of this country to stop your absolute hogwash, to remember why you are there and to do anything necessary - even if it means that you've got to take the knee…but save this country…”
In this podcast, Bloomberg shares how many of those outside SA view the Trump vs. SA tension with contributions from the media giant’s deputy managing editor and SA columnist, Justice Malala.
In an engaging conversation with Rory Steyn, SA20 commissioner Graeme Smith reflects on his transition from cricket captain to league leader, the tournament’s massive economic impact, and the growth of new cricket audiences. He also shares memories of his rugby-playing days and his loyalty to the Stormers. As SA20’s third season concludes, Smith’s vision for the league is clear—bigger, better, and built to last. Closing off the episode, host Rory Steyn unpacks the latest rugby results.
In a recent conversation with BizNews’ Bronwyn Nielsen, Sygnia CEO Magda Wierzycka shared her insights on the evolving global landscape, the role of Donald Trump in reshaping international relations, and what South Africa’s positioning in the world means for business and investment.
In today's BizNews Briefing, Bronwyn Nielsen covers President Trump's remarks on Elon Musk's access to sensitive documents and explores the implications with Magda Wierzycka, CEO of Signia Limited. The conversation continues with insights from Chris Steyn and Dawie Roodt on Musk's influence. Alec Hogg engages Corné Mulder on Afrikaner sentiments towards Trump, while Kevin Ling shares thoughts on President Ramaphosa's upcoming State of the Nation address.
South Africa's strained relationship with the United States has been dealt a second blow with US Secretary of State Marco Rubio’s decision to boycott the G20 Summit in Johannesburg. In this interview with economist Dawie Roodt, he warns: “I think it's pretty much a given that we will not be part of AGOA that much longer - unless we really start taking extraordinary measures to get on the good side of Donald Trump. And if the relations deteriorate even further, I think there's a possibility that it could be some further actions against South Africa, something like levies or import duties. And we have to understand that if we don't polish this guy's ego for one, many other things that we need to do as well….If we don't do that, we're going to pay a very dear price. And South Africa simply cannot afford that.” Roodt also gives his take on Elon Musk’s role in the White House. And in his latest economic forecast, Roodt says: “We are in trouble. And it's not only Donald Trump that causes all of that. A lot of that is homemade because of the wrong policies that we've been following locally for, in fact, many decades.”
What started as a project to help land reform farmers become more productive and commercially viable has developed into the successful Mdukatshani Rural Livestock Project, which facilitates rural auction sales of goats. So far, the project has earned 9000 rural farmers about R200-R300 million. The project has facilitated several auctions to set fair market prices for livestock, reducing the exploitation by speculators. A cashless system has also been introduced for secure transactions. Behind this success is Rauri Alcock, who told Biznews in an interview that most of the farmers they work with are women. Alcock said they have decided to concentrate on goats because they are low-hanging fruit, with 80-90% of the national goat herd owned by African farmers. Alcock describes the goats, found all over the rural areas of South Africa, as being similar to cockroaches—they will eat anything and can push back against invasive species encroaching on grasslands, which is also good for the environment. Most of the goats sold are for ancestral sacrificial ceremonies. Alcock wants to scale the project and his aim is ultimately to see regular sales rural areas and to reduce imports from countries like Botswana and Namibia.
South Africa stands at a political crossroads as tensions within the government of national unity (GNU) escalate, the debate over Expropriation Without Compensation (EWC) intensifies, and global pressure mounts from a potential second Trump presidency. In a recent BizNews interview, Freedom Front Plus (FF Plus) parliamentary leader Corné Mulder shared insights on how these factors could shape the country’s future, warning of potential instability if coalition partners fail to address critical concerns.
Meet the remarkable former Zimbabwean farmer turned land restitution activist Ben Freeth, whose victory in a SADC Tribunal triggered the Mugabe/Zuma axis’s abolition of the highest court for 400 million Southern Africans. In this powerful interview with BizNews editor Alec Hogg, unbowed Freeth explains how a recently promulgated South African law has parallels with Zimbabwe’s initially ignored 1992 Act was the foundation for events that transformed his country from bread basket to basket case.
This episode is led by excerpts of today’s interview with FF+ Parliamentary leader Dr Corne’ Mulder who explains why SA’s Government of National Unity is in real danger; there’s a focus on EWC with Zim farmer/activist Ben Freeth pointing out parallels with his country’s 1992 law that that was the foundation for political land grabs and local agric leader Dr Theo de Jager exposing unintentional but probably consequences; Plus Donald Trump’s plan for Gaza; Mark Bristow on the gold price and why Alphabet’s shares fell so heavily after a small miss in its quarterlies.
The law of land expropriation in South Africa is making headlines across the world. In this interview, Dr. Theo de Jager, the CEO of the Southern African Agri Initiative (SAAI) and the former president of the World Farmers Organisation, says: “If anybody is going to bleed it is us. If farmers don't stand together, they are delivered.” He warns that the act lends itself to abuse, and that farmers could not just assume that “you work with honest officials who really have the best interest of the state and the nation at heart”. SAAI is currently in discussions to set up a fund to assist the first “victim” in court. “And in the meantime, we must push. We need everybody's weight in this scrum now. We must push back. We must try to get this act to go back to parliament and to be changed…And we need to make sure that we are safeguarded against the whims of officials, especially on the second and the third tier of government, where the risk is the highest of wild actions…” Dr De Jager also hails the role Elon Musk has played in US President Donald Trump’s move against South Africa over the signing of the act. “And although he is under severe criticism, the majority of farmers welcome the way he's shaking the cage at the moment, shaking out all the paraphernalia to get to the bottom, to the principle of things.”
Returning to South Africa after living and working overseas is not as easy as hopping on a plane with your family and quickly settling back in, even though it may all feel familiar. Julian Adshade from immigration specialist Sable International told BizNews in an interview that there are many essential factors to consider. This includes understanding your residency status, managing bank accounts, navigating tax implications, securing medical aid, evaluating pensions, obtaining life and disability insurance, handling currency transfers, and updating wills. If you’re returning from a country like the United Kingdom, one potential advantage lies in the differences in inheritance tax regulations. Adshade emphasised the importance of planning to avoid financial and legal pitfalls, ensuring a smooth transition for expats moving back.
South Africans have been jolted by attention US president Donald Trump is giving their country - starting with freezing an annual $450m gift to HIV/AIDS sufferers with much worse in the wings. Among the most concerned are exporters - and those employed by American companies from KFC and Ford to Microsoft and Amazon operating in SA. Democratic Alliance Leader John Steenhuisen, Agriculture Minister in the Government of National Unity, says with cool heads, the growing crisis could become an opportunity. He spoke to BizNews editor Alec Hogg
In this episode, DA leader John Steenhuisen tells host Alec Hogg how SA’s current crisis can become something positive; Donald Trump praises his South African wingman; The Economist explains why DeepSeek is a force for good; BizNews portfolio star Palantir jumps again making it a portfolio ten-bagger in two years; Rwanda says South African greed caused DRC war; Corion’s Bacher cautions.
Ever since the ANC’s attack on private property rights began 17 years ago, the IRR’s Terence Corrigan has devoted much of his waking hours to understanding the motives and consequences of such Soviet-style ideology. In this interview with BizNews editor Alec Hogg, he examines US President Donald Trump’s latest move, concluding that as a result, SA is in for a tough time - with little chance of reversing a reaction to an approach that’s been decades in gestation.
In today's BizNews Briefing: US President Donald Trump vows to halt aid to South Africa over EWC Bill, our partners at Bloomberg report, and the IRR's Terence Corrigan and retired US Colonel Chris Wyatt weigh in on the situation. Our partners at the FT discuss the implications of Trump's tariffs on Mexico, Canada and China. Neil de Beer calls for accountability and integrity in government. And host Bronwyn Nielsen unpacks Vodacom's results. Join Nielsen as she takes us through the biggest stories of the day.
South Africa’s President Cyril Ramaphosa poked “the bear in the eye” and gave “the middle finger” to the US when he signed the Land Expropriation Bill. This was the reaction from US inteligence analyst Retired Colonel Chris Wyatt to the announcement by President Donald Trump that he was cutting US funding for South Africa. Reacting to subsequent news that Ramaphosa was looking forward to meeting Trump, Colonel Wyatt said: “But he wasn't asking or hoping to meet with Trump 24 hours ago. Now, was he? Isn't that strange how one tweet changes the entire game? So, you know, Trump is playing three dimensional chess and the ANC is playing checkers. Who do you think is going to win.” Col. Wyatt maintains that South Africa also doesn’t deserve the benefits of the AGOA - and charges that the African National Congress (ANC) “runs around like there are no consequences to their actions”. He predicts there are tough times ahead for South Africa. “…We finally have a new sheriff in town who is not going to let America be taken for suckers…the ANC is ignoring us and we're giving you tons of resources and money and there's a risk to this. So I think what's happening here is that Trump has put down a shot across the bow to warn the ANC that we won't tolerate this.”
SA President Cyril Ramaphosa’s ANC may have tweaked the Donald Trump tiger’s tail once too often with the EWC Act drawing a strong reaction from the leader of the world’s largest economy. In this interview, Corion CIO David Bacher looks ahead with concern and back at a solid start to the year for South African assets. He spoke to BizNews editor Alec Hogg.
Mitchell Fieldgate from Pangea Wealth joins Bronwyn Nielsen on BizNews to discuss the 12B tax incentive, which offers a 125% tax deduction on solar energy investments. The incentive expires at the end of February, so it’s the last chance for South African investors to capitalise on this opportunity.
For more information, visit: https://pangeawealth.org/dont-pay-tax-invest-instead-solar/
In this edition of the Sunday Show, the President of the United Independent Movement (UIM) Neil de Beer talks about the future of the Government of National Unity (GNU) being reset by President Cyril Ramaphosa and Democratic Alliance (DA) leader John Steenhuisen over a private lunch; the apparent disunity between Freedom Front Plus Leader Pieter Groenewald and Western Cape Leader Corné Mulder as yet another DA Mayor is ousted. De Beer lists the Cabinet Ministers and Deputies who are governing under a cloud; and slams former President Jacob Zuma’s MKP appropriating the Umkhonto we Sizwe (MK) name, and SANDF Chief General Rudzani Maphwanya wearing honorary Recce and 44 Parachute Battalion badges. (He calls it “stolen valour”, and challenges the general to a tandem parachute jump). De Beer comments on the diplomatic row between Rwandan President Paul Kagame and “our limping, gutless president” - and lays into Defence Minister Angie Motshekga. He expresses concern about attacks on the highly efficient KZN Provincial Police Commissioner Nhlanhla Mkhwanazi. And, of course, he has a pointed message for ESKOM after the unexpected load shedding this weekend.
The prevalence of Parkinson’s disease (PD) is rising, with 1 in 37 people expected to receive a diagnosis according to Parkinson’s UK. This increase is largely due to growing and ageing populations. In Africa, the relatively younger demographic leads to a lower prevalence, but the continent faces unique challenges in diagnosing and treating PD. Neurologists are scarce, and in South Africa, they are mostly limited to the private healthcare sector, leaving much of the population with insufficient access. Stigma tied to beliefs in witchcraft further isolates individuals with Parkinson’s. Parkinson’s ZA, a non-profit organisation, aims to improve lives impacted by Parkinson’s disease. Founded by Rakesh Harribhai, inspired by his late mother’s experience, the organisation has adapted an Indian model more suited to South Africa’s healthcare context. Currently operating in Durban, Parkinson’s ZA offers diverse activities and plans to expand to Cape Town and Johannesburg, beginning with a care home in Pretoria East. Harribhai said he witnessed how members were isolated, withdrawn, and hesitant and have since embraced activities like table tennis and group outings to the beach.
Tensions are escalating in the eastern Democratic Republic of Congo, where Rwandan-backed M23 rebels are battling government forces for control of the strategic city of Goma. Reports indicate thousands of Rwandan troops may have entered the region, heightening fears of a broader regional conflict. With South Africa playing a key role in African peacekeeping efforts and President Cyril Ramaphosa already engaging in diplomatic talks with Rwanda’s Paul Kagame, what influence can Pretoria bring to the table? And what does this crisis mean for regional stability, trade, and South Africa’s role in African diplomacy. Bloomberg reporters Simon Marks and Michael Kavanagh, who’s covered the region for 20 years, join Jennifer Zabasajja to explain who the key players in the conflict are, what chance there is for a ceasefire and the risk this could spread into a wider regional conflict.
Few names in South African asset management are as highly regarded as Tony Bell. In this insightful interview, the ThinkCell CIO explores how market-driven strategies and price signals shape effective investment decisions. He delves into stock valuation, market efficiency, and the critical role of economic signals in guiding investors. By understanding these factors, investors can refine their approach, enhance returns, and navigate financial markets with greater confidence. Discover key insights into Bell’s perspective on market strategy and how to leverage price movements for smarter investing.
Former President Jacob Zuma's daughter Duduzile Zuma-Sambudla appeared in court today for allegedly inciting violence during the July 2021 riots. In this interview, forensic investigator Paul O'Sullivan, who laid a charge against her in 2021 - and provided the police and the National Prosecuting Authority (NPA) with forensic downloads of her Twitter, Instagram, and Facebook accounts - outlines the case against her. “Now, I could be wrong, but I think this will probably be the first time on the planet, not just in South Africa, where a person is charged with inciting others to terrorism based on social media.” Describing her as “prime evil” and a “psychopath”, O’Sullivan charges: “She wants to see this country fail. And if she's left to her own devices, the country would fail.” He also addresses a defamatory Tweet she made about him in which she accused him of involvement in the Phala Phala case. Meanwhile, her advocate, Dali Mpofu, says they plan to bring a case of malicious prosecution against the State because she believes that this case against her is aimed at settling political scores with her father.
In today's BizNews Briefing: ISS Executive Director Dr Jakkie Cilliers and BizNews Journalist Linda van Tilburg weigh in on the doomed SANDF mission to DRC. Forensic investigator Paul O'Sullivan unpacks the why Jacob Zuma's daughter Duduzile appeared in court today. Capitalist activist Rob Hersov has his "Milei moment", delivering a fiery speech on the state of South Africa. And our partners at Bloomberg unpack Tesla's and Meta's financial results. Join host Bronwyn Nielsen as she takes us through the biggest stories of the day.
Capitalist activist Rob Hersov was inspired to produce a local version after watching the recording of Javier Milei’s powerful WEF address. Mirroring the Argentinian president’s take-no-prisoners approach, Hersov speaks truth to South African power in a way sure to (again) raise hackles of fellow members the nation’s business elite. But he believes this to be a step worth taking: with SA’s economic growth having lagged population growth for over a decade, Hersov argues SA needs radical transformation - and urgently as the ANC doubles down on its archaic National Democratic Revolution blueprint.
In this episode of the BizNews Briefing: Editor in Chief of the Bhekisisa Health Centre for Journalism, Mia Malan, details the severe impact of Donald Trump's freezing of global HIV programmes, with John Matisonn also weighing in on the situation. DA Chairperson of the Federal Council, Helen Zille, comments on the JP Smith saga. European nation Czechia's National Bank governor plans to start a strategic crypto reserve, Bitcoin guru James Caw gives his thoughts. ASML shares jump 12% on AI hype. And Microsoft investigates DeepSeek. Join host Bronwyn Nielsen for a rundown of the biggest stories of the day.
In this episode of the BizNews Briefing highlights from the DA’s top team telling us why the 20% party won’t be leaving the Government of National Unity - yet. Capitalist activist Rob Hersov explains why this is a smart move. Still, another flashpoint looms as the DA’s spokesman on finance Mark Burke draws a line in the sand over the ANC’s proposed Transnet bailout in next month’s national Budget. Plus, explaining why DeepSeek presents such a threat to Wall Street’s AI boom, notably Nvidia.
In this interview, capitalist activist Rob Hersov shares insights of South African thought leaders about the critical issues of the moment - including US president Donald Trump’s “Colombia moment” that’s in gestation for Ramaphosa’s Iran-linked regime; and why it is critical for the Government of National Unity to hold. He spoke to BizNews editor Alec Hogg.
After narrowly averting an implosion of South Africa’s Government of National Unity over the president’s signing of the EWC Act, another major issue looms with the ANC’s demand SOE Transnet gets an Eskom-type bailout. DA spokesman on finance Mark Burke explains why this is “inconceivable”. If so, a crisis looms for next month’s National Budget, which needs the DA’s support to be enacted. Burke spoke to BizNews editor Alec Hogg.
The South African government “loves to view things based on revenge policies” against minorities whilst “forgetting that the same bills…are actually creating more hurdles” for the majority. So says Free SA’s Noluthando Hlophoyi. In this interview with BizNews, she describes the National State Enterprises Bill as “State Capture 2.0” and the Land Expropriation Bill as “a huge threat”. She also slams the NHI Bill. “…I always say these bills aren't meant to empower the ordinary black person. If I were just to put it in terms of colour, they are also meant to put more shackles on us and to actually give the government more power over our lives because apparently we can't think for ourselves…”
Free Market Foundation CEO David Ansara says recent actions by President Cyril Ramaphosa expose the folly of opposition parties joining a ‘Government of National Unity’, which was a ploy by the ANC to continue ruling as before. He points to Argentinian president Javier Millei’s success as evidence that tinkering with reforms is a waste of time when circumstance demand radical transformation is required.
In this episode, BizNews editor Alec Hogg updates us on why SA’s Government of National Unity is teetering; explains why tech stocks have been hammered by China’s new IT Champion DeepSeek; and unpacks why President Donald Trump’s urgings to ‘Drill Baby Drill’ are unlikely to have any practical impact on energy production.
The Cape is “at the precipice of descent into an effective Narco State” - and the executive leadership of the provincial or national government is not “anywhere near suitably cognizant as to how few minutes or seconds remain before reaching the proverbial midnight”. This is the warning from counter-crime activist Andrew Charter, who is also the Chairman and CEO of The Nanodyn Group. Speaking to BizNews about his plans to set up a Joint Fusion Centre in the Wellington area, he explains why he believes the Cape is at a “pre-Escobarian” stage of syndicate development - and on its journey to the establishment of a “professional” class. “And at that point, you're dealing with a corporatised institution, exactly what transpired in a place like Brazil. I was very involved there in another life in the internal security domain, sitting with Crime Intelligence persons there…I’m not saying it's a six-month trajectory, but I'm very, very concerned that it's within the orbit of, you know, two Rugby World Cup cycles or three Rugby World Cup cycles, it's coming…” Charter describes what life will be like in a South Africa with “areas completely outside of state control”.
In this edition of the Sunday Show, Neil de Beer, the President of the United Independent Movement (UIM), comments on the crisis in the Government of National Unity (GNU) following President Cyril Ramaphosa's signing of the Land Expropriation Bill and says Democratic Alliance (DA) leader John Steenhuisen “can't just now throw toys out of the cot; he has to now go to the table and see if he can save the GNU”. De Beer slams the attacks on Public Works Minister Dean MacPherson from Deputy President Paul Mashatile, ActionSA and the Economic Freedom Fighters (EFF). “I think he's taking away too many people's fat chow.” De Beer gives a peep into succession “battles” in both the DA and African National Congress (ANC) where word has it that there is “a female under the guiding light of Cyril Ramaphosa, whom he favours”. As for The Hawks raid on the office of DA Deputy Federal Chair JP Smith and another MMC, De Beer says there is “a clear GNU strategy attack…now filtering down to local government level”. De Beer warns that while the GNU is weakening, former President Jacob Zuma’s MKP is growing stronger. “MK is sitting and they are waiting for the right moment.” Lastly, he describes the fierce fighting in the eastern DRC in which at least eight SANDF soldiers have been killed.
Mines Rescue Services (MRS), under the leadership of Mannas Fourie, recently saved 246 illegal miners (zama-zamas) who were trapped in an abandoned mineshaft in Stilfontein, South Africa. The rescue operation was preceded by a tense standoff with authorities before MRS received the go-ahead. In an interview with Biznews, Fourie detailed the operation’s challenges, which included adverse weather, the maneuvering of heavy equipment, and the retrieval of miners from a depth of 1,280 metres, necessitating a specialised mobile rescue winder capable of operating in deep vertical shafts up to 3,000 metres. Fourie emphasised that MRS does not discriminate between legal and illegal miners in need of rescue; when lives are at stake, their passion to save lives takes precedence, even at the risk of their own safety. He also highlighted South Africa’s world-leading expertise in deep mining rescues and noted that, despite the dangers and rescue efforts, the zama-zamas are likely to return, driven by high-grade mineral deposits that remain and because there is money to be made.
In this week's episode of the BizNews Sports Show, co-hosts Rory Steyn and Patrick Kidd welcome Tim Cocker, the man behind the popular YouTube channel and podcast, Eggchasers Rugby. Cocker shares his unique journey in rugby media, discussing the universal values of the sport that resonate with fans, especially in South Africa. Cocker also reflects on his experiences during the Rugby World Cup and explains why the Investec Champions Cup holds such significance for European rugby enthusiasts. To close off, Cocker gives his predictions for the upcoming Champions Cup round of 16 as well as the United Rugby Championship fixtures this weekend. Don't miss this insightful conversation.
Ukrainian President Zelensky emphasizes the need for US troops in peacekeeping efforts with Russia, potentially involving Chinese President Xi Jinping. Meanwhile, Argentine President Melei seeks stronger trade ties with China.
British Lord Peter Hain has vowed to continue to “haunt” and pursue State Capture-implicated company Bain. Speaking to BizNews from the House of Lords after the British government decided not to re-suspend Bain from getting government contracts, Lord Hain says: “I would like every government in the world, because they do a lot of work for governments and the public sectors in the countries in which they operate generally, I would like them to be suspended from that work. Their global reputation is already toxic because of their complicity in this…State Capture disaster for South Africa, which set the country back so far and from which you're still trying to recover.” Lord Hain says there needs to be an admission in the business community of its culpability. “…the reason I'm so passionate about this is it wasn't just the politicians that were guilty. It takes two to tango. And it was the businesses who paid the bribes, who paid the backhanders, who did the soft audits… who did the whitewash reports…”
David Shapiro from Sasfin offers his perspective on the current market landscape, touching on global trends, political shifts, and local performance. He highlights key sectors and shares a cautious outlook on future developments, as uncertainty continues to influence both local and international markets.
Trump’s tariffs and energy policies reshape global markets, posing challenges and opportunities for South Africa's economy and industries.
In this episode of the BizNews Briefing, host Bronwyn Nielsen unpacks the biggest stories of the day. US President Trump proposes a 10% tariff on Chinese imports, fuelling trade tensions. Tech giants dominate discussions at the US inauguration, sparking ethical debates. In South Africa, turmoil in crime intelligence and controversy over a R100 billion transformation fund take centre stage. And BizNews editor Alec Hogg - who is on the ground in Davos - gives the latest updates from the WEF.
The South African Police Service’s Crime Intelligence Division has been hit by one scandal after another. In this interview with BizNews, Ian Cameron, the Chairperson of Parliament's Portfolio Committee on Police, talks about the second sacking of the former Head of Crime Intelligence in the Western Cape; the luxury hotel bought for almost 23 million; the “tip of the iceberg” robbery of well over 1 million; the “strong” factional battle in which documents are strategically leaked to cast aspersions; the “chaotic politics”; the alleged links between certain Crime Intelligence officials of high rank and organised crime kingpins; and the lack of intelligence needed to “expose people in government that are involved” in extortion. Cameron also describes the horror findings of committee members on oversight visits. “Some of these stations…even have squatters living in the garden of the police station.” However, he does have praise for Police Minister Senzo Mchunu who “easily acknowledges faults and issues”.
With Sakeliga’s launch of a critical legal challenge to reverse harmful state overreach and BEE in the property sector, its CEO Piet Le Roux warns that the business interest group will have “more and more concurrent cases on these critical matters, not only on BEE in the property sector, but BEE in competition law, BEE in health products” - and is building “a wonderful case” against the NHI. “We’re going to take this Employment Equity Amendment Act, which is very harmful in itself. It's being prepared for implementation later this year.” Sakeliga also opposes government plans for a R100 billion Transformation Fund. “… they've just effectively announced that they want to have another extortion racket where they want to put money in a government fund. It’s a direct attack on white businesses, and it's going to be very harmful for everyone in this country through a multiplier effect that we've already seen in the public sector and we must prevent this from happening in the private sector.”
The “Build KZN Better” summit will be held in Durban next week to bring key stakeholders under one roof to find solutions to issues around the built environment. In this interview with BizNews, KZN Public Works and Infrastructure MEC Martin Meyer gives an update on what has already been achieved. Meyer also shares the story behind the dismissal of the Supply Chain Management Director after the exposure of R1,1 billion in misconduct relating to the awarding of 29 contracts to one firm. He speaks of the discovery that over 50 former officials still had their cell phones - and how drastic cost-cutting in his own office saved R1.8 million in six months. Meanwhile, the department has brought its debt of almost R800 million owed to contractors down to just over R200 million. Meyer further describes the strides being made in the fight against the Construction Mafia.
Donald Trump’s inauguration as the 47th US president sparks crypto euphoria and bold trade promises, while Cape Town claims the title of “Best City in the World.” Also in focus: the KZN construction mafia, local market movers like MTN and Gold Fields, and insights from Davos on SA Reserve Bank Governor's session on crypto.
Bronwyn Nielsen interviews James Caw of SimplB to explore the forces driving Bitcoin's recent rally. From Melania Trump's rumoured crypto ventures to Donald Trump's potential strategic reserve, the conversation dives into the euphoria, pullbacks, and the ongoing Bitcoin vs. altcoin debate. Is this the beginning of an exponential rise or just another cycle in the volatile world of cryptocurrency?
Each year, Time Out surveys thousands of city dwellers across the globe to compile their annual ranking of the world’s best cities. For 2025, Cape Town, South Africa, has been crowned the world’s best city. While many might assume this accolade is due solely to its natural beauty and the attractions nestled in the shadow of Table Mountain, Andrew Hallett, the Content Editor of Time Out South Africa, shared with Biznews in an interview that the top spot was secured largely due to the remarkable sense of contentment among Capetonians. It was the overall level of happiness among Capetonians that bumped New York from the top spot. For those concerned about locals being priced out of enjoying the city to the fullest, Hallett assures that Time Out offers plenty of tips for experiencing the city without breaking the bank. And what could Cape Town do to make it more attractive to tourists? He suggests improvements to public transport.
Trump's bold policies spark global shifts, with economic opportunities and risks for South Africa amid trade tensions and alliances. Bronwyn Nielsen spoke to Stanlib's Kevin Lings.
Main topics:
Trump's executive orders prioritize deregulation and US economic growth.
Global trade tensions risk disrupting South Africa's vulnerable economy.
Political neutrality is key for South Africa amid shifting global alliances.
Today’s focus is on Donald Trump’s inauguration as he takes over from Biden. With dozens of executive orders expected, trade and tech deregulation are key themes. Experts weigh in on potential U.S. tax reforms, global market impacts, and South Africa’s strategic positioning. Catch insights from Bloomberg, Kevin Lings, and Alec Hogg reporting live from Davos.
Neil De Beer, the President of the United Independent Movement (UIM), turned up to the latest recording of the Sunday Show to deny a viral voice note announcing that he had died at 10pm last night. He goes on, in his customary irrepressible fashion, to lambast top African National Congress (ANC) politicians like Mineral and Petroleum Resources Minister Gwede Mantashe for his failures and excesses; Secretary General Fikile Mbalula for his “insult politics” and that luxury yacht trip to Robben Island. He gives his take on former Springbok coach Pieter De Villiers joining former president Jacob Zuma's MKP, which De Beer describes as “a tyranny of couch potatoes of the people that are rejected by common society”. He speaks about the dark secrets of the Apartheid-era going to the grave with former spy boss Neil Barnard. And he describes how the low standard of education in South Africa is “killing the child's future”.
In a lively discussion on the Investec Champions Cup, Alec Hogg and Rory Steyn analyze the crucial weekend ahead for South African teams. The Sharks have a solid chance of advancing, while the Stormers face a tough away game against Racing 92. The Bulls, however, are largely out of contention.
David Coltart, a former minister in Robert Mugabe's Government of National Unity (GNU), shares some of the hard lessons learned in Zimbabwe where Zanu-PF used the GNU to hollow out the opposition and become stronger than ever. “.. applying that to South Africa, the DA, the IFP, they need to demonstrate some savvy. It's a balance. Obviously, they've got to deliver effectively on their own ministry so that they can demonstrate to the electorate in South Africa that they are competent and inspire confidence. And that needs to be their dominant responsibility. But they must not ever do that at the cost of allowing the ANC to consolidate their power in the areas of civic bodies, universities, the judiciary and critically, the media”. Coltart doesn’t see former President Jacob Zuma's MKP as a major threat to the GNU as long as the GNU works and delivers to the South African people. “But if the DA, the IFP laps into this notion that they hold these positions as of right and they don't have to deliver, then they will become very vulnerable to the populism of MK and the EFF to a lesser extent,” he warns.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
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Dive into today’s top stories on the BizNews Briefing: David Coltart warns South Africa about coalition governance pitfalls, FlySafair faces backlash over overbooking claims, US banks report stellar Q4 earnings, and Richemont shines on the JSE. Plus, Action SA’s political alliances, Amazon Alexa’s AI upgrade, and a push to end race-based policies in South Africa.
Miles Van Der Molen, CEO of CemAir, discusses the controversy surrounding FlySafair's admission of overbooking flights in South Africa, which he claims violates local laws. He explains that overbooking is a common international practice but illegal here due to consumer protection regulations. The issue raises questions about industry ethics and enforcement. Van Der Molen spoke to BizNews editor Alec Hogg.
A Bill to bring an end to all race-based policy and legislation in South Africa has been launched. But Phil Craig, whose Referendum Party is behind the Bill, says while it is getting strong support from the public, the support from the established political parties has been “disappointing” thus far. The next step is the submission of the Non-Racialism Bill to the Parliamentary Committee on Justice and Constitutional Development. “Are they going to say, well, look, this Bill is important to me, stand with it, or are they going to vote with the ANC to effectively block this bill and maintain race-based policy? And then we'll all know.” Also giving an update on the fight for Cape Independence, Craig says: “We have to build a beachhead of political power so we can then force that decision down onto the Western Cape government and obviously we'll be able to use the private referendum as a means to build pressure…” Meanwhile, he predicts that “the more the GNU is exposed as a shallow compromise that isn't a long-term solution, the more our vision of self-determination for different communities, including the Western Cape, is going to come to the fore”.
ActionSA has made the first move to unite the opposition ahead of municipal elections next year. Herman Mashaba’s ActionSA party has merged with The Forum 4 Service Delivery, and he has confirmed that it is also in informal talks with BOSA and Rize Mzansi. “…and we've agreed to let us conclude this one first and then we can then start formal discussions with them.” Mashaba says ActionSA has identified “massive opportunities throughout the country, more especially at local government level; a lot of community-based organisations register as political parties. They're sitting with five, 10 councillors and so forth. So, I'm busy negotiating to get as many as possible to do the same kind of an arrangement that we did with The Forum 4 Service Delivery.” The first merger has gained ActionSA 38 councillors in 14 municipalities in five provinces overnight. Mashaba also gives an update on the strides made with service delivery under the new ActionSA Mayor in Tshwane.
Life Healthcare’s bold $5 acquisition of a pioneering Alzheimer’s diagnostic company has led to a stunning $750 million payoff. CEO Peter Wharton-Hood reflects on the strategic risks and rewards, highlighting the company’s focused future in Southern Africa’s healthcare sector, while navigating challenges like National Health Insurance.
In this episode of the BizNews Briefing, Life Healthcare’s CEO Peter Wharton-Hood shares how the company hit the jackpot with Life Molecular Imaging, a research business with one of the world’s top Alzheimer drugs; We also hear from our partners at The Economist (good news for Prosus); the Financial Times (on Musk and Tik Tok) plus an arrest warrant issued by Mali for South Africa’s most successful mining executive, Barrick CEO Mark Bristow.
In today's BizNews Briefing, Rob Hersov and Gerhard Papenfus discuss the intricacies of the ArcelorMittal tragedy and what it means for South Africa with a focus on Newcastle (KZN); Tertius Jacobs offers insight into the economic impact of the political unrest in Mozambique; Beijing hopes to sell TikTok USA to Elon Musk; and a World Economic Forum preview reveals that Trump will not physically attend this year’s event.
Mozambique is on a knife edge on the eve of the inauguration of President-elect, Frelimo’s Daniel Chapo. In this interview, Tertius Jacobs, Focus Group’s Head Analyst for Mozambique and East Africa, describes how the local economy has lost billions of meticals due to protests disrupting road networks, especially between Komatipoort, the Lebombo Border and the Maputo Port, while South Africa - which uses the N4 through Mozambique to the Maputo Port extensively for exports - are losing millions of rands daily. The “massive disruptions” have also devastated the tourist sector - and some travellers, who defied security alerts, have had to be relocated from “threatened locations” to safer areas. Meanwhile, expats are facing growing insecurity with some having suffered threats to their person and their assets. Jacobs says the protesting electorate has been “much more confrontational” than in previous elections. “We've had multiple reports of civilians or protesters overwhelming the security forces and even seizing their weapons.
In this powerful discourse, two of South African business’s loudest independent voices share root causes for the collapse of Arcellor Mittal’s long steel business - and with it the viability of Newcastle, KZN’s third biggest metro. Capitalist activist Rob Hersov and NEASA’s Gerhard Papenfus pull no punches about malevolent and incompetent political rulers whose destructive impulses, they believe, are now being continued through the Government of National Unity. They spoke to BizNews editor Alec Hogg.
In the first BizNews Briefing of 2025, Minister of Agriculture John Steenhuisen and ActionSA parliamentary leader Athol Trollip go toe to toe on luxury blue light vehicles; GG Alcock unpacks the destructive reaction to the ‘Spaza poisoned food’ fracas; David Bacher looks at the 2025 investment outlook; and our partners at Bloomberg look at the oil price increase and AI's impact on the world. Join BizNews editor Alec Hogg as he unpacks the biggest stories of the day.
Informal sector expert GG Alcock is appalled at the ignorance on display from politicians who tried to intervene in the recent poisoned snack food scandal that killed 23 children. He explains how the reaction was driven by a populist political agenda rather than any intention to address the underlying problem. Alcock opens a window to the ugly reality of those living with a preventible infestation of rodents and other pests in this interview with BizNews editor Alec Hogg.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
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David Bacher, CIO of Corion Capital, reflects on the wild market swings of 2024, highlighting the importance of strategic bets on South African assets like bonds and property. Looking ahead to 2025, he advises a balanced, diversified approach to navigate potential volatility and uncertain global conditions.
In the first Sunday Show of 2025, Neil de Beer, the President of the United Independent Movement (UIM), comments on the opening moves of 2025 by politicians like President Cyril Ramaphosa, Vice President Paul Mashatile, former Economic Freedom Fighters (EFF) MP Dr. Mbuyiseni Ndlozi and US President-Elect Donald Trump. Dissecting President Ramaphosa's speech this weekend, De Beer concludes that “the ANC is starting to face reality - and stark reality”. He slams Vice President Mashatile’s “absolute idiotic move” to accuse the Democratic Alliance (DA) in the Western Cape of having no regard for the poor while standing in front of a rubbish heap in an ANC’s councillor’s ward. De Beer, who is also a Councillor in the City of Cape Town, describes how the City sometimes has to send the police to escort its rubbish trucks. De Beer weighs in on the big loss to the EFF of the “great mind” of Dr. Ndlozi who was “the wind that was carrying the EFF air” in Parliament. De Beer also marvels at US President-Elect Donald Trump’s survival of yet another legal challenge to head for his second inauguration - and warns that South Africa’s Government of National Unity (GNU) should notbe surprised if America said “we do not like your stance in the Middle East and we do not like what you have done - and you will have pressure from us to change your attitude”.
A sensationalistic press release from Action SA referencing Agriculture Minister John Steenhuisen’s vehicles was countered by the DA Leader this week. But in this interview, ActionSA parliamentary head Athol Trollip - himself an erstwhile DA Leader - argues that Steenhuisen’s allegations were off-beam and that he avoided the real issue. Trollip also explains why those writing off ActionSA are on the wrong path. He spoke to BizNews editor Alec Hogg.
This week’s BizNews Sports Show features rugby legend turned corporate CEO John Smit on the hot topics around SA rugby. It includes insights on the Ackerley private equity deal and what SA provinces need to do to be competitive in the ICC - rugby’s equivalent of soccer’s UEFA Champions League. Regular guest Rory Steyn also provides feedback on son Kyle’s Glasgow Warriors and forecasts on the weekend’s ICC matchups. They spoke to BizNews editor Alec Hogg.
The leader of South Africa’s Official Opposition has been given an especially rough ride since his party helped form the Government of National Unity. Latest is manufactured outrage about a fictional “multi-million rand blue light luxury SUV fleet”. In this interview, John Steenhuisen, Agriculture Minister in South Africa’s Government of National Unity, provides full details about his official (and private) vehicles. He confirms that Action SA, which engineered the ‘exposé’, was given all these facts before launching its tirade. Steenhuisen spoke to BizNews editor Alec Hogg.
With the African National Congress (ANC) turning 113 today, United Independent Movement (UIM) President Neil De Beer - who spent 34 years in the party - takes BizNews readers through the fall of the oldest liberation movement in the world: He says Vice President Paul Mashatile being chased out of house in Khayelitsha this week is symbolic of how “broken” the party is. De Beer lists the times major cracks appeared in the party: from the incarceration of two ANC stalwarts, United Democratic Movement (UDM) leader Alan Boesak and MK Commander Tony Yengeni, for fraud; the contestation of the leadership of former president Thabo Mbeki; the Zuma cabal’s “slaughter” of the ANC's principles; the collapse of the Youth League following the departure of Julius Malema; the “fiscal abuse” brought about by the formation of factions; and the party’s failure to transition form a liberation movement into a successful government. The ANC of today, says De Beer, “is ripped apart, it's destroyed, it's sunk, it has rust, it has enemies, it is internally and externally being slaughtered piece by piece. And that's where we are with this carcass. What they're to celebrate..., God only knows.”
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
With Police Minister Senzo Mchunu having ordered a halt to the filling of vacant posts at Crime Intelligence, Forensics for Justice founder Paul O’Sullivan is fighting the “parachuted” appointment two months ago of a 29-year-old brigadier who allegedly has no police training or experience, no driver’s license, no firearms training, no specialised skills - and no Security Clearance. O’Sullivan has given the Brigadier 14 days to produce all documentation relating to her appointment, including the names of those that facilitated it; resign; and hand back all payments - or face charges “to expose the criminal that appointed you”. O’Sullivan says big portions of the police remain captured because the Zondo Commission did not investigate a large number of appointments of individuals with high rank who are not fit and proper to be in those positions. O’Sullivan calls for an internal Commission of Inquiry into “the very many senior appointments that have been unlawfully made” over the last 10 years. “If the person that's appointed as Commissioner of Police in 2025 is an ethical person, I will gladly render service free of charge in saying, listen here, this is the research that we've done, here's a good starting block for you because we've got a number of senior police officials that need to be chased away - and the sooner they're chased away, the better.”
Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.
The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
Following the announcement by President Cyril Ramaphosa that a National Dialogue will be held next year to determine the path the nation will take, BizNews spoke to former Statistician-General Dr. Pali Lehohla. He says: “So the solutions are in leadership. It must be a two-month discussion, ensuring what leadership it is. It must be led by people who are not government. It must be led by people who don't have any interest in political occupancy and all that kind of thing. It must be led by people who are forthright and upright and then they must hold the mirror to South Africa and say, are these ones in power the kind of leaders that deserve the country. If we say yes, then we don't need an election, we continue with them…But if…we don't like them, then the answer is very clear. And then we go for an election.” Dr Lehohla warns: “..this is a monumental space that South Africa faces. It is probably the last opportunity to avoid an Armageddon.”
The Eastern Cape in South Africa was once home to lions, black rhinos, and elephants. Early British settler records describe frequent encounters with these animals, but much of the land was later converted into farmland. Adrian Gardiner sought to reverse this trend, spearheading efforts to rewild the region by founding the Shamwari Private Game Reserve. Now, his son, Paul Gardiner, a conservationist and entrepreneur, is pursuing an even bolder vision: to create a “mega-biosphere” spanning 5 to 6 million hectares, transforming the Eastern Cape into the next Kruger National Park. Speaking to BizNews during a fireside chat in England, Gardiner outlined plans to connect private reserves via natural corridors, allowing wildlife to roam freely. Inspired by the success of similar projects near Kruger, he acknowledged challenges such as roads, railways, community involvement, and costs, noting that his vision could take decades to realise. Gardiner also highlighted the Eastern Cape’s potential to become home to the Big Seven—not only lions, elephants, rhinos, leopards, and buffalo but also whales and great white sharks.
In a year of historic elections across the world, one of the most unforgettable moments in a debate was Donald Trump saying “they're eating the dogs, they're eating the cats”. But it took a South African musician David Scott, AKA The Kiffness, to turn that into a viral hit viewed about 100 million times already. However, he has become embroiled in another international political storm after objecting to statements made by Gift of the Givers Founder Dr Imtiaz Sooliman. This after he had previously been labelled a racist for his parody of the National Anthem after Dr Nkosazana Dlamini-Zuma banned cigarettes during COVID. In this interview with BizNews, he shares the stories behind these parodies. He also reminds Economic Freedom Fighters (EFF) President Julius Malema that he has broken a big promise. Meanwhile, The Kiffness remains defiant in the face of daily threats as he prepares to tour the UK, the US, Europe, and Australia next year.
On the last Sunday Show of 2024, Neil de Beer, the President of the United Independent Movement (UIM), issues a stern warning to Julius Malema, the re-elected President of Economic Freedom Fighters (EFF), over his latest “derogatory, violent and revolutionary speech”: “Ons sal jou moer. We will not allow you to destabilise this beautiful country. Law enforcement, Defence Force and Intelligence, they know they have absolutely our support - and we will have their back.” De Beer once again slams President Cyril Ramaphosa’s handling of the BELA Act. However, he has praise for three African National Congress (ANC) Ministers: Finance Minister Enoch Godongwana, Electricity Minister Kgosientsho Ramokgopa, and Police Minister Senzo Mchunu. He also hails the work of Democratic Alliance (DA) Home Affairs Minister Leon Schreiber. Furthermore, De Beer speaks about the “Green Communists” in the ANC, sketches two options for the future of South Africa’s struggling SOEs, and explains why he regards Bitcoin as an “emotional currency”.
At the end of a dramatic election year, Sports, Arts and Culture Minister Gayton McKenzie gives BizNews an insider’s view of the Government of National Unity (GNU) and its future - and reminds viewers of what an alternative government with the Economic Freedom Fighters (EFF) and MKP would be like right now. He speaks candidly about his relationships with some of the country’s top leaders and politicians, including President Cyril Ramaphosa, Democratic Alliance (DA) Federal Chair Helen Zille, and African National Congress (ANC) Gauteng Premier Panyaza Lesufi. His mantra is one of “country first, party second”, but he is hugely proud of his Patriotic Alliance (PA) being the fastest growing party with three by-election wins in a row. The Minister also shares his plans for bringing some of the world’s top sporting events to South Africa. Lastly, the former prisoner - who has been voted the third most popular politician in the country and whose army of supporters on social media wants to see him as South Africa’s next president - leaves the nation with a deeply inspirational message for the festive season.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
In this episode of the BizNews Briefing, the last one of 2024, host Alec Hogg shares highlights of tonight’s two Premieres - Another dodgy deal attempted by the DiData executives lambasted in the recent judgement on a big BEE transaction that wasn’t; Stafford Masie (and Rob Hersov) are engaging with top government officials to help prepare for Donald Trump’s massive move on making Bitcoin part of the US’s official reserves (potentially replacing gold); Tourism Minister Patricia de Lille stick at OR Tambo; Trump gets friendly with XI and more.
Stafford Masie, a technologist and Bitcoin advocate, explores the global shift towards digital currencies and what it means for South Africa’s economic future. Is Bitcoin the key to national prosperity or a missed opportunity?
At the same time former Didata chairman Jeremy Ord and fellow ‘protagonists’ were trying to push through a BEE transaction that wasn’t - according to Judge Denise Fisher - the same actors were conducting ‘lawfare’ against the owners of the RandView Datacentre. In this explosive interview, small businessmen Gerry Comninos and Graham Roy explain how they were forced to spend millions - and three years - fighting an unjustified court action against Ord and his partners. It only ended when DiData’s Japanese owner NTT settled after realising the duo were targets and ‘not part of a scheme’.
Tourism Minister Patricia de Lille described the “absolute chaos” at O.R. Tambo International Airport, where flights were delayed due to aircraft refuelling problems during South Africa’s peak tourism season, as both very disappointing and worrying. In an interview with BizNews, De Lille criticised the Airports Company of South Africa for failing to ensure adequate preparedness for the peak tourism season. She has called for a meeting with the Transport Minister to convene all stakeholders and establish a robust contingency plan. The minister, who has just returned from a trip to India, highlighted significant progress in unlocking the vast potential of the Indian market for South Africa. This includes visa reforms for India and China, set to commence in January next year, as well as ongoing negotiations to re-establish direct flights between India and South Africa.
Reflecting on tensions within the Government of National Unity—particularly around controversial policies such as the Basic Education Laws Amendment (BELA) Bill and the National Health Insurance (NHI) plan—De Lille expressed optimism about achieving “sufficient consensus,” a principle that underpinned South Africa’s democratic transition.
In today’s BizNews Briefing: Bitcoin’s transformative potential takes center stage, Israel decisively eliminates Syria’s military capabilities, and Donald Trump signals his intent to steer U.S. economy on X.
While stock exchanges and marketplaces have embraced digital transformation, it’s hard to believe that some sectors have yet to follow suit. One such sector is the cattle market, which has remained largely unchanged since the 1990s. It still features familiar personalities—agents and brokers—alongside the bustling atmosphere of on-the-ground livestock auctions, complete with the mooing of cows in the background. Enter South African Murray Roos, a former executive at the London Stock Exchange, who is spearheading a digital transformation in the UK’s cattle market with his innovative platform, LiveStockEx. In an interview with BizNews, he shared that farming runs in his blood; his family’s history in cattle farming in Southern Africa spans several decades. While working in the UK, he acquired a farm in one of England’s southern counties and quickly recognised that the existing cattle market was “very antiquated.” This inspired him to create an online trading exchange for cattle in the UK. Murray envisions LiveStockEx initially focusing on cattle but also sees potential for expanding into sheep and pig markets on a similar exchange platform.
Financial Compliance expert Paul Nel of Prisma says the solution to collecting the R92 billion owed to ESKOM by municipalities and the billions owed to Water boards is to liquidate dysfunctional municipalities in terms of the Municipal Finance Management Act after all the intervention processes of provincial and National Treasury have failed. “…it’s more of a business rescue. It's not the same as what we understand on the liquidation with the private sector or any other business or private person where all the assets are sold. Not with a municipality. It is only the non-essential assets that must be sold and the full amount of that should be provided for full settlement for all its obligations, which is basically ESKOM and Water Boards." Nel says, in terms of the MFMA, a court order could also be obtained to get rid of the whole council as well as of all officials that are not adding value to the municipality. “…the big advantage of such a drastic step is that you will have a Metro or municipality with a clean sheet with no obligations.” Nel also provides figures on how ESKOM has overcharged the consumer since 2009, and gives his take on the reasons behind the continued high tariff increases. He was one of those who made a presentation to The National Energy Regulator of South Africa (NERSA) on the proposed 66% tariff hikes over the next three years.
In today's episode of the BizNews Briefing, Golf legend Gary Player shares insights on his friend, US President-elect Donald Trump. We explore Google’s groundbreaking quantum chip, China’s investigation into Nvidia for anti-competitive practices, and the latest developments in Syria’s uprising. Stay informed with the stories shaping our world.
Gary Player, the legendary South African golfer, has long been an ambassador not only for golf but also for the social and economic potential of his home country. At nearly 90, Player continues to inspire with his resilience, global perspective, and unwavering commitment to fostering positive change. In a wide-ranging conversation with BizNews, he offered powerful insights into South Africa’s challenges, his relationship with U.S. President elect Donald Trump, and his vision for the future.
Wood, Iron and Steel is the title of a first-of-its-kind book in South Africa on 60 - known and unknown - shipwrecks that reflect the maritime history of the Western Cape. In this interview with BizNews, authors Bruce Henderson and Kelly Graham of Wreckless Marine, share their three-year-dive to map the seafloor. They describe how using cutting-edge scanning technology enabled them to view wrecks as never before, while on-site dives and extensive research helped them to provide a complete picture of these vessels. Covering the period 1698 to 2009, each entry incorporates technical data, history, the circumstances of loss, and a description of the wreck in its current resting place, accompanied by photographs or paintings, and vivid multibeam sonar images of the wrecks on the seafloor.
Despite a tough start, Phil Craig and the Referendum Party are determined to reshape South Africa’s political landscape, advocating for greater autonomy for the Western Cape in the face of national challenges.
In this episode of the BizNews Briefing, host Alec Hogg and his guests provide context on how the ANC’s alliance with the Iranian regime is backfiring big time after the Teheran-supported Syrian dictator flees to Moscow. Plus, Neil de Beer shares his forthright opinion on his erstwhile MPC partner Helen Zille, Trump’s new SA-born crypto and AI tzar, and Phil Craig explains why Cape Independence is still on the table.
In a lively conversation with BizNews editor Alec Hogg, Rory Steyn unpacks a thrilling weekend of rugby. From the Blitzboks’ Cape Town Sevens victory signalling a return to form, to South Africa’s challenges in the Investec Champion's Cup, Steyn emphasises rugby's cyclical nature and the need for adaptability. He highlights standout teams like Bordeaux and Leinster while calling for greater crowd engagement and strategic scheduling. A celebration of rugby's global evolution, Steyn’s insights illuminate the sport’s growing vibrancy and South Africa’s enduring legacy.
The weekend’s collapse of a 54-year Syrian dictatorship has dramatically altered Middle Eastern politics - and it is now clear that South Africa’s largest political party and mobile phone operator MTN backed a losing horse. Iranian-born and raised Iraj Abedian provides context on the dramatic collapse of the Assad family’s Syrian dynasty, which for over a decade had been propped up by Tehran and Moscow. The changes have implications for the ANC and MTN, both of whom profited greatly from their links to the Iranian regime and its Syrian ally. Although recently MTN exited Syria, its investment into and 15-year involvement in the dictatorship is sure to carry consequences - as are its continued operations in Iran.
This week, South Africa assumed the Presidency of the G20, comprising many of the world’s largest developing and developed economies. It is the first time an African nation chairs the bloc. Ramaphosa said at the launch in Parliament in Cape Town that inclusivity would be a key feature of South Africa’s leadership of the G20 and that he would continue the developmental agendas of the previous G20 presidencies of India, Indonesia, and Brazil and bring the development priorities of Africa and the Global South to the fore. The G20 is “extremely prestigious, says Dr. Jakkie Cilliers, Head of the African Futures and Innovation Programme at the Institute of Security Studies in Pretoria and it is an opportunity to showcase South Africa and ensure it is visible on the international stage. The newly re-elected US President could, however, take a bit of the shine off Ramaphosa’s G20 Presidency, according to Dr. Cilliers. President-elect Trump, he said, is not committed to climate change or sustainable development or multilateralism—the issues that are important to South Africa. South Africa will hand over the G20 Presidency to the US in November at a G20 summit next year, and Dr. Cilliers said there is a big question mark over Trump’s attendance. The newly elected US President has in the past lumped African countries into a basket of “shithole countries.”
In this episode of the Sunday Show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), slams Deputy President Paul Mashatile for not declaring a diamond gifted to his wife by Ponzi accused Louis Liebenberg; warns that Democratic Alliance Federal Chair Helen Zille knows where’s the nuclear button to implode the Government of National Unity (GNU); and calls President Cyril Ramaphosa “spineless, gutless” and without backbone,”watermelons” and “rugby balls” for redeploying Minister Thembi Simelane. Discussing the deportation this weekend of the killer of former South African Communist Party (SACP) leader Chris Hani, De Beer comments on speculation that it was an “inside job” and that some members of the African National Congress (ANC) were part of a plot to use the Right Wing to dispose of him. He also expresses outrage over the costly training of Gauteng Premier Panyaza Lesufi’s “AmaPanyaza” who are “suddenly goose-stepping in the format of Russia and of China”. As for the R90 billion rand municipal debt to ESKOM, De Beer warns: “if we don't get corporate, economic, soluble good governance in the municipal areas, we are dead. We are not going to make it.”
Two companies whose goal is to democratise ownership of assets have combined as members of a consortium that is offering SA Rugby an alternative to the highly contested Ackerly Sports proposal to acquire management control and 20% of the Springbok brand for $75m. BizNews editor Alec Hogg gets the inside track from AltVest’s Warren Wheatley and Charles Savage of Easy Equities on how they will make it possible to invest in Springbok Rugby from just R1.
Spud, one of South Africa’s most beloved characters, is making a return in the fifth book by author John van de Ruit. In Spud: The Reunion, the Crazy Eight return to their school ten years after they left. John told BizNews in an interview that Spud has become his Frankenstein creation. He thought Spud had run its course and would “fizzle out,” but it kept on bubbling. It has been a decade since the last Spud book, and during that time, John had a couple of hairy experiences, including a boat accident on Lake Kariba and getting caught up in a tsunami in Asia. Spud, he says, allows him to create a fictional memoir of his life. Van de Ruit hinted that there could be more books on Spud, the adult, noting that everybody asks him if there will be more movies. He revealed that he is busy writing Spud: The Musical, which will include some of the music featured in the films. The book is available as an e-book overseas, and there is also an audiobook narrated by Joe Vaz for international audiences.
From Bitcoin's meteoric rise to $100,000 and predictions of a million-dollar future, to reshaping South Africa's bloated government, entrepreneur Rob Hersov doesn't shy away from controversy. In this riveting discussion, Hersov shares his insights on cryptocurrency, the failures of bureaucracy, and his blueprint for a streamlined government that prioritizes efficiency over excess.
In this episode of the BizNews Briefing, we hear from the director of a Cambridge University’s Institute explaining the danger of the ANC’s close relationship with Iran; How OUTA is to intensify its attack on the debacle around SA’s dysfunctional Driver’s Licence card issuing; Plus the DA’s two most outspoken critics of the ANC, Rob Hersov and the very latest from the investment markets. The Briefing is hosted by BizNews editor Alec Hogg.
Some City of Jo’burg councillors are in the cross-hairs after a court ordered that City Manager Floyd Brink must resign because his reappointment was unconstitutional, unlawful and invalid. This ruling comes after the Democratic Alliance (DA) challenged Brink's appointment in court after the ANC/ EFF/ PA/ActionSA coalition supported his irregular appointment. In this interview with BizNews, DA’ Caucus Leader Belinda Kayser-Echeozonjoku says: “…we have written already…to the Minister and the MEC and the National Treasury and the AG to look at fruitless and wasteful expenditure with a view to recover the cost from these councillors who voted in favour of these unlawful decisions.” Meanwhile, they are awaiting the City’s next move: “We haven't seen any reaction from the City Manager himself, now former City Manager, but we have seen statements from the Executive Mayor who said they are still studying the judgment to determine what will be the next directive to take. We've also seen this morning a statement by the Speaker requesting for an amicable solution; and we're not so sure whatever that means because in our view, the law is the law and the rule of law is the rule of law.” She also details plans to deal with the water crisis and cadre deployment.
The African National Congress (ANC) has sold its soul, its democratic principles, its “brilliant” legacy, its own people to anti-democratic, “Nazi-inspired” forces. That is the view of Dr. Charles Small, the Founding Director of the Institute for the Study of Global Antisemitism and Policy and a former Chair of the ANC Solidarity Committee of Canada. In this interview with BizNews, he charges that the ANC went to the Hague for “two pieces of silver” from “paymasters” with “Nazi ideology”. Dr Small says the fact that SA has paved the way for the Iranian Revolutionary Regime to join BRICS, and its working with Russia, and Hamas, “is not going over very well” in Washington. “I think they're going to be checked by democratic countries. I don't think this can go on,” he warned. “…we can see the Iranian Revolutionary regime and Hamas preaching hatred based on Nazism. And for the ANC to be aligned with this is shocking. And it's just, I would say for money, for political expedience…And the ANC leadership needs to question itself. Do you want a quick fix for your financial troubles or do you want to rectify it slowly and methodically for a bright future? Or do you want to take bribes from anti-democratic entities that are diametrically opposed to the raison d'etre of the African National Congress?”
This BizNews Briefing covers pivotal global and local stories. Alec Hogg interviews Iraj Abedian on South Africa's deepening ties with Iran. Bronwyn Nielsen explores Eastern Cape investment opportunities, including a R109 billion green ammonia project. The Sahel region's reliance on Russian mercenaries takes the spotlight, alongside updates on Notre Dame’s reopening and JSE market movements.
In this in-depth discussion, Iraj Abedian, an Iranian-born entrepreneur who was a former UCT professor of economics and Standard Bank chief economist, shares an inside look at the dangerous geopolitical game South Africa is playing in cosying up to the most repressive regime on the planet. Abedian explains how Iranians, among the most civilised people on earth, ended up with their country run by religious nuts for whom women are legally worth half a man. Dr Abedian’s insights provide the context for asking serious questions about SA’s approach to the regime it invited into BRICs, the ANC’s former Foreign Minister, cell phone company MTN and South Africans generally. He spoke to BizNews editor Alec Hogg.
Glynnis Breytenbach, the Democratic Alliance spokesperson for Justice and Constitutional Development, has called President Cyril Ramaphosa’s redeployment of the “deeply conflicted, deeply compromised” Justice Minister to another Ministry a “disgrace” and an “insult to the intelligence of all South Africans”. She fumes: “So for five months he sits on his hands and does nothing. Now in a late night sort of semi soft shoe shuffle, he moves her sideways to Human Settlements. Human Settlements is important…to millions of South Africans. Is he now suggesting that she's not okay as the Justice Minister because she's conflicted and compromised, but she's fine for the Human Settlement?” Breytenbach also tells viewers what she thinks of the new Justice Minister, and gives an update on the progress of her Anti-Corruption Commission Bill which has been opposed by MKP in Parliament. “Of course, I expected them to have concerns with it because if that legislation goes through, it will impact very directly on a lot of the MK members of Parliament and a lot of the members of their party in particular.”
This episode of the BizNews Briefing, hosted by Alec Hogg, takes a closer look at the Golden Straightjacket that has forced those behind political ructions in Tshwane to toe the financial line - and the implications for Joburg’s still ‘in denial’ governors; Rory Steyn explains the board takeover by the Comrades Collective, ensuring SA’s great ultra marathon is back in safe hands; and David Bacher on how he’s playing it now that the US stock market is at its highest ever relative to the rest of the world.
In an exclusive interview, Cilliers Brink, ex-mayor of Tshwane and current leader of the DA caucus in Tshwane, shares his insights on the challenges facing South Africa's municipalities. From coalition politics to financial discipline and Eskom debt settlements, Brink highlights the complex interplay of governance, political alliances, and public accountability shaping Tshwane’s precarious trajectory.
In this interview with BizNews editor Alec Hogg, Corion Capital Chief Investment Officer David Bacher discusses the market dynamics of November. Bacher shares his cautious outlook on the US market, citing stretched valuations despite strong performance driven by a rising US dollar and President Trump's economic policies. He advises moving away from US assets in favour of more attractively priced opportunities elsewhere. Turning to South Africa, Bacher highlights positive economic developments, including a sharp drop in inflation to 2.8%, which may lead to interest rate cuts and bolster the bond market. South African equities saw solid performance, particularly in retail and agriculture, although the resources sector struggled due to weaker commodity prices. Bacher also notes that South Africa’s political challenges remain, but reform prospects offer hope. Globally, he sees opportunities in Europe and parts of Asia, particularly India and Southeast Asia, due to strong growth potential and rising consumption.
As the Investec Rugby Champions Cup kicks off and the Comrades Marathon turns a new chapter, Rory Steyn, a former bodyguard to Nelson Mandela, finds himself at the heart of these sporting spectacles. His expertise in security and leadership brings fresh energy to both worlds.
Join world champion and cancer warrior Oscar Chalupsky in this inspiring conversation with Bronwyn Nielsen. From winning 12 Molokai titles to rewriting his cancer prognosis with unyielding determination, Chalupsky shares life lessons, his groundbreaking approach to adversity, and the power of support. Learn how his journey shapes resilience in sport, health, and beyond.
This evening’s BizNews Briefing features an inspiring interview with world surf ski champion and cancer warrior Oscar Chalupsky. Diagnosed with terminal cancer five years ago, his story of resilience will lift your spirits. We also unpack retail market trends, including Boxer’s IPO and Spar’s results, with insights from Evan Walker. Additionally, catch global perspectives on Trump’s tariff threats and local market highlights, including a strong day on the JSE.
In this regular Sunday Show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), delves into the “deeper plan” of former President Jacob Zuma’s MKP that have hit the campaign trail “like it is three months before elections”, and says: “…this party is undoubtedly hungry, obsessive…very well funded and without a doubt filled with strategy.” He warns that a “strategic takeover” of government “is becoming more and more of a reality and I fear our opposition is not geared…” De Beer talks about South Africa’s own Watergate: Ramagate - the ongoing Phala Phala saga of President Cyril’s Ramaphosa’s dollar-stuffed couch. He expresses concern that undeclared foreign funding of political parties makes South Africa “the badminton ball between all foreign states”. De Beer also describes how Electricity Minister Kgosientsho Ramokgopa’s push for renewable energy projects mirrors the strategies advocated by former ESKOM CEO André de Ruyter. Furthermore, he gives his take on the Vodacom-Remgro merger controversy and the DTIC minister's unusual appeal against the Competition Tribunal’s rejection of it. In another bit of good news, he outlines how the Government of National Unity (GNU) is forcing African National Congress (ANC) Ministers to become more responsive to the needs of their constituents.
In this episode of the BizNews Briefing, capitalist activist Rob Hersov unpacks the impressive one year track record of Argentina’s president (and fellow libertarian) Javier Millei; Top money manager Chris Logan reports back from Johann Rupert’s annual public appearance at the Remgro AGM; plus the Boxer listing and today’s markets.
Last year, at an auction of dried abalone in Hong Kong, a Hermanus business sold abalone for between $400 and $500 US dollars per kilogram. That business is Abagold - voted the 2024 Business of the Year by the Hermanus Business Chamber. In this interview with BizNews, CEO Tim Hedges tells viewers why South African abalone is at the top of the abalone hierarchy along with Japanese abalone. He traces the 29-year history of Abagold that now exports 95% of everything it produces - and provides permanent employment to 420 people. Hedges also lists the ways in which Abogold is maintaining its position in the global market and growing its business to ensure that it is still around in another 30 years.
In a candid conversation with BizNews editor Alec Hogg, Chris Logan - Owner and CIO at Opportune Investments, and seasoned activist investor - delves into the challenges and opportunities at Remgro, once a hallmark of South African investment. Logan highlights Johann Rupert's push for executive ownership, the pivot to capital-intensive industries like MediClinic, and the path to unlocking value in a company trading at a steep 45% discount to its net asset value. Could a return to "owner-manager" principles revive Remgro’s fortunes? Logan shares insights on this and other market moves, including the Boxer IPO success.
In this episode of the Thursday with BizNews editor Alec Hogg and Rob Hersov, Hersov unpacks the critical issues plaguing South Africa, from government inefficiency to corporate cowardice. Advocating bold reform, he draws lessons from global role models like Argentina's Javier Milei and proposes visionary changes that could turn South Africa’s economy around.
Across Europe, many governments are tightening their Golden Visa programs, which have long been a favourite for many seeking relocation or secondary residency. Despite these restrictions, Greece offers permanent residency opportunities through its Golden Visa program in exchange for property investments. However, Richard Haller from immigration specialist Sable International explained to BizNews in an interview that recent changes mean investors can no longer purchase property anywhere. The Tier 1 investment category, which includes real estate in areas like Attica, Thessaloniki, Mykonos, Santorini, and islands with populations over 3,100, now requires a minimum investment of €800,000. Meanwhile, the Tier 2 category has been set at €400,000 in other locations. Haller said there is also a €250,000 investment option, which mandates buying within new developments that involve a change of use on the mainland. He said Athens is an exciting and dynamic place to watch in the coming years and has strong potential for capital growth, similar to what Lisbon experienced.
Two of our most popular commentators are featured tonight, capitalist activist Rob Hersov provides context on Justice Denise Fisher’s Jhb High Court judgement slamming six execs of Dimension Data (including co-founders Jeremy Ord and Doc Watson); and 36ONE’s founder and CEO Cy Jacobs shares a JSE sector that hasn’t caught up with SA’s good news. Plus, why Foord’s Singaporean team are hot on China for 2025.
South African entrepreneur and 'capitalist activist' Rob Hersov discusses Judge Denise Fisher's judgment against former Dimension Data executives. The case reveals alleged fraud involving a rigged R1.4 billion campus sale, exploiting the BEE framework. Hersov criticises the behaviour as harmful to capitalism, foreign investment, and governance while emphasising the judgment’s importance for upholding the rule of law.
In an exclusive BizNews interview, 36One Asset Management co-founder Cy Jacobs unpacks his investment strategies amidst global uncertainty. From Tesla’s cult-like status to Bitcoin’s volatile allure, and the opportunities still hidden in South Africa's market, Jacobs provides a masterclass in balancing risk and opportunity.
In this insightful interview, Rashaad Tayob, Portfolio Manager at Foord Asset Management, offers his outlook for 2025, highlighting key global economic trends and investment opportunities. He discusses the potential for inflation to return, driven by factors such as fiscal and monetary stimulus, supply chain disruptions, and labor market changes. Tayob also predicts that emerging markets, particularly China, could outperform in the coming years, thanks to attractive valuations and growth in sectors like green energy. He advises investors to be cautious of overvalued U.S. equities and suggests looking at defensive sectors, like utilities, and higher-yielding assets in emerging markets. Tayob also touches on South Africa’s investment landscape, identifying opportunities in commodities linked to renewable energy. Overall, he encourages a diversified, balanced portfolio with an emphasis on sustainable, long-term growth and careful risk management.
The South African Government’s latest moves to shut down the commercial lion industry have sparked outrage. In this interview with BizNews, Richard York, the CEO of Wildlife Ranching South Africa (WRSA), slams the government's handling of the issue, and expresses concern that Forestry, Fisheries and Environment Minister Dr. Dion George is being “ill-advised”. He says: “I feel sorry for Dr. George…I think he's been handed a hospital pass…” York also asks: “…is the Minister more concerned about climate change and about bringing funds over from overseas than actually addressing the challenges taking place in his own backyard.” York warns that should the lion industry be closed down, it would have a huge ripple effect. “We'll talk about disinvestment from other forms of game-ranching, where farmers will just convert to other forms of commercial agriculture because their right and their right to private property is being placed in jeopardy.” Meanwhile, WRSA is set to challenge the two Government gazettes containing a call for the “voluntary surrender” of African lion bones and the announcement of a draft notice to prohibit new captive lion breeding facilities.
In today’s BizNews Briefing, host Alec Hogg shares highlights from an in-depth look into SA’s investing democratiser Easy Equities with its CEO, Purple Group’s Charles Savage. Plus FNB’s Chantal Marx on the big retail stocks; and Trump appointee RFK Junior has the leaders of Big Pharma in a spin.
From a bold startup to a billion-rand giant, Easy Equities celebrates a decade of democratizing investing. With over a million active clients and R60 billion in assets, Charles Savage, CEO of Purple Group, reflects on triumphs, challenges, and the vision to reshape wealth creation.
US Congressman Thomas Massie took time out to speak to BizNews during a brief visit to South Africa. He describes billionaire Elon Musk as his favourite South African. “I do believe that he changed the course of history by buying Twitter, which is now renamed X, and allowing conservatives to have a voice that could go around the mainstream media in the United States.” Massie gives an update on his “rocky relationship” with President-elect Donald Trump and shares details of their recent chats. Furthermore, he discusses the Foreign Relations Committee’s negative view of South Africa. And he outlines the key objectives of the Trump Administration, warning, however: “I think he's got six months to show the American public that he's going to act on the mandate that he's received.” Meanwhile, in South Africa, Massie is talking to some of leading local thought leaders - and "trying to spread and exchange views on liberty and particularly libertarianism”.
Chantal Marx - Head of Investment and research at FNB Wealth - discusses investment trends, highlighting the oversubscribed Boxer IPO, We Buy Cars’ strong growth, and cautious optimism around crypto. She advises trimming U.S. tech exposure while exploring value in diversified miners and small to mid-cap stocks. With December’s slowdown, she urges seizing overlooked opportunities in quieter markets.
Netcare CEO Dr. Richard Friedland reflects on the group's strong financial performance despite a tough economic year, paying R1.6 billion in shareholder returns. He discusses collaboration with government on the contentious NHI Act, emphasizing that its current form is unsustainable. Friedland shares optimism about healthcare's recovery, self-medication trends, and the next phase of Netcare's data-driven strategy, while ensuring a smooth leadership transition.
U.S. markets surged as President-elect Trump named hedge fund manager Scott Besant for Treasury Secretary, with the Dow hitting record highs and Bitcoin nearing $100,000. Locally, gold stocks tumbled, dragging the JSE Top 40 down 1%, while Netcare posted resilient results despite market backlash. Catch CEO insights from VALR, Netcare, and more on BizNews TV tonight.
parkrun, which started as a small, informal 5K run with just 13 participants in Bushy Park, London, in 2004, has grown into a global phenomenon with over 10 million runners and 2600 parkruns. Its founder, South African born, Paul Sinton-Hewitt grew up in Potchefstroom. From only 26 runners and 3 volunteers at the first run, parkrun has flourished, particularly in South Africa, where more than a million of its members are based. Bruce Fordyce, the legendary South African ultra-marathon runner, is one of the key figures behind parkrun’s success. In an interview with BizNews, Fordyce shared that he plans to participate in his 549th parkrun this weekend, despite having recently undergone knee replacement surgery. parkrun started he says that South Africans are drawn to the 5-kilometer parkrun due to its safety, the majority of runners are women. Fordyce says participants enjoy adding new runs to their totals, which he describes as “stamp collecting on steroids,” as they try to add more destinations to their list.
As Bitcoin nears $100,000, the crypto market faces both excitement and skepticism. VALR CEO Farzam Ehsani shares insights into Bitcoin's trajectory, its potential to outpace traditional assets, and the implications of global regulatory shifts.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
Economist Kevin Lings discusses the market impact of Trump’s policies, South Africa's conservative monetary approach despite low inflation, and the resilience of global markets amid geopolitical tensions. He advocates for bolder interest rate cuts in South Africa to foster growth and capitalize on rare moments of positive economic sentiment.
In this latest Sunday Show with Neil De Beer, the President of the United Independent Movement (UIM) identifies former President Jacob Zuma as the politician who holds the most aces in the “dirty tricks department” of hidden scandals involving other politicians. “…he always uses the security conclave and the intelligence scenario. And that's why he's always one ahead…I don't think there's people that can counter MK at this moment on that deep dark level.” Analysing the appointment of Floyd Shivambu as the MKP’s Secretary General, De Beer says: “He's going to solidify them. But at the same time, make no mistake, he's also going to kill EFF.” De Beer dissects the possible motive behind Deputy President Paul Mashatile’s stance that the Government of National Unity (GNU) would survive a Democratic Alliance (DA) exit. He also lists the politicians in the African National Congress (ANC) Top 7 whom he believes are indictable and impeachable. And he describes how the flaunting of laws have created two current national crises.
In the second of the “three wise men” interviews ahead of the BizNews monthly portfolio update on Tuesday, Ranmore Chief Investment Officer Andrew Lapping shares his thoughts. Lapping, like his Ranmore colleague Sean Peche, is a graduate of the Dr Simon Marais ‘school of investing’, having worked at Allan Gray for almost two decades, the last quarter of which was as its Chief Investment Officer overseeing hundreds of billions in funds entrusted by South African savers. Never one for the limelight, in this rare interview Lapping shares his wisdom with BizNews editor Alec Hogg. Brilliant.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
In this episode of the BizNews Briefing, host Alec Hogg is joined by Sean Summers of Pick n Pay and Marek Masojada CEO of Boxer which lists next week, worth north of R20bn. Also Rob Hersov on how the New World Order will affect SA; C5 Capital’s Andre Pienaar’s big deal with Sibanye; Nvidia and more.
In an exclusive interview with BizNews, global entrepreneur Rob Hersov shares his bold predictions about the world’s political and economic trajectory, America’s tech-driven ascendancy, South Africa’s challenges, and the transformative power of media. Unfiltered and incisive, Hersov’s vision offers much to consider in a rapidly evolving global landscape.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
On this Sunday Show with BizNews, United Independent Movement (UIM) President Neil De Beer describes how Libya’s late dictatorial despot, Muammar al-Gaddafi, propped up the African National Congress (ANC) government - and predicts - now that it has been confirmed by former Treasurer-General Matthews Phosa - the current Libyan government will not get back millions still “missing” because “there's too much money that has to be paid back by too many people”. De Beer lambasts “gutless” President Cyril Ramaphosa’s delayed response to the deaths of many children from contaminated snacks bought at Spaza shops - and warns that residents are taking the law into their own hands because of the “shortfall” of government action. De Beer tells CR: “You won't inspire me to lead an International Pillow Fighting team against Zimbabwe”. De Beer also slams Justice Minister Thembi Simelane for “seemingly dodging her own justice” over her VBS links. Meanwhile, he urges citizens to take advantage of a judgment that city officials can now be charged with dereliction of duty if their municipal areas are not kept up to standard. He also comments on the latest drama in the Economic Freedom Fighters (EFF), as well as the Zama-Zama humanitarian crisis.
Paul Gardiner is a renowned South African conservationist and avid long-distance runner. He has launched a new six-part documentary series, “Natural Born Runners,” exclusively on YouTube. The series is a project that blends his two passions, running and conservation, and aims to inspire a younger generation to connect with and protect the planet. Locations include the Eastern Cape, where his family has been involved in rewilding projects, Bahrain, Scotland and the USA. When BizNews caught up with him, Gardiner was in Antarctica, bracing -20°C, after completing a 21 km race with his brother, Murray. He discussed the challenges of filming and running in Antarctica due to the harsh terrain and extreme cold, highlighting global warming and avian flu as significant environmental concerns in the region. “If all the ice in Antarctica melts, sea levels will rise by 60 metres,” he told BizNews. Paul also recounted his experience visiting a recently discovered penguin colony that shows no fear of humans. The video material, shot by his filmmaker friend, Christian Antoine, is a must-see. – Linda van Tilburg
In this episode of the BizNews Briefing - two days of sham appeals hearings shows Joburg Metro is systematically overvaluing homes to extract unfairly high rates from residents; and Magnus Heystek addresses a claim that high profile figures appearing in deep fake ads should do more to stop the public being scammed. Plus all the key business news of the day…..
As Johannesburg battles financial pressures, property owners are increasingly burdened by inflated valuations that impact their municipal rates. In an interview with Alec Hogg, BizNews community members Rene Kilner and Charles Boles unpacked the city’s flawed valuation appeals process, detailing its significant repercussions for residents, particularly pensioners. Despite attempts to appeal these skyrocketing valuations, both Kilner and Boles reveal that the system appears heavily skewed in favor of municipal revenue generation, leaving many property owners with few options but costly litigation.
In this gripping BizNews interview, Crypto guru and entrepreneur Stafford Masie highlights the transformative nature of Bitcoin, likening it to previous technological disruptions. He reflects on Bitcoin's unique attributes—its decentralised, energy-linked, immutable structure—as revolutionary, providing a "true" form of money and a hedge against the limitations of fiat currency. He discusses growing institutional interest, such as BlackRock's ETF, and the potential for nations to adopt Bitcoin as a reserve asset. This underscores Bitcoin’s potential to reshape financial systems, despite resistance from traditional economists and regulators. Masie spoke to BizNews editor Alec Hogg.
Brenthurst Wealth’s Magnus Heystek addresses the growing issue of deepfake ads using the likeness of high-profile figures like Johann Rupert and Elon Musk. Heystek argues that holding these figures responsible for gullible investors’ losses is unreasonable, emphasizing that the onus remains on individuals to verify legitimacy before investing. Heystek spoke to BizNews editor Alec Hogg.
Police and Prisons Civil Rights Union (POPCRU) President Thulani Ngwenya has drawn a line under political correctness because he believes workers should not have to pay the price of government’s failures, politicians’ greed, or financial mismanagement. In this interview with BizNews, has hails the “surprise” support from new Correctional Services Minister Dr Pieter Groenewald, and hails him for acknowledging the severity of lack of resources and the impact of government’s broken promise of 40,000 new members, as well as for pledging to implement the proposed shift system, and for agreeing on the necessity of the self-sustainability programme in Correctional Services which POPCRU first tabled in 2015, and which involves putting inmates to work to contribute toward their own upkeep while gaining valuable skills. He also has praise for new Police Minister Senzo Mchunu. “We have agreed with him that we are going to have a sort of a presentation with him to show him the loopholes”. Furthermore, Ngwenya shares details of the urgent reforms POPCRU is fighting for in the Criminal Justice Cluster.
In this episode of the BizNews Briefing, host Alec Hogg talks live with Bitcoin maximalist Stafford Masie and shares Dr Frans Cronjé’s suggestions on how SA can win big from the Trump presidency (and avoid even bigger losses) - and no, it’s not about AGOA. Plus all the key business news of the day…..
Evan Walker of 36One unpacks the upcoming Boxer listing, detailing its strong growth trajectory, Pick n Pay’s decision to sell, and why Boxer’s straightforward, value-focused approach makes it a compelling investment in South Africa’s retail sector.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
In this episode of the BizNews Briefing, which is now aired live at 6pm every night, host Alec Hogg talks to top SA retail investor 36ONE’s Evan Walker about his lunchtime meeting with the team at Boxer, the spinoff from Pick n Pay which will list on 28 November and “should be in everyone’s portfolio”. Also, in this programme, a visual insight into Elon Musk’s ascension into a powerful White House role.
In a recent interview, former JSE CEO and Stellenbosch University Council chair Nicky Newton-King discussed transforming Stellenbosch amid controversy, promoting inclusive leadership, and balancing her international board roles. She emphasised active listening and values-based leadership as essential for navigating complex changes in both academia and the global business landscape.
Donald Trump’s re-election as US President is expected to accelerate the US economy, boost confidence, and benefit the commercial real estate market. That is according to Justin Clarke, the Director of Operations at OrbVest, a company that invests in medical commercial real estate across the USA. Clarke said a good economy boosts confidence, leading to more companies signing long-term leases, unlike the post-COVID era marked by uncertainty. In an interview with BizNews, Clarke highlighted the burdensome regulations in the US real estate, which cause delays and increased costs, and expressed the hope that the new administration might streamline these regulations to enhance efficiency. The influence of Elon Musk, who has become a close confidant of Trump, could lead to a push for the US government to deregulate, he says. Commenting on some of OrbVest’s medical real estate buildings that have not performed as expected, Clarke said that COVID led to tenants walking away from office spaces, and rising interest rates have caused challenges. However, he said, “the wind is starting to blow behind us.” Added to a changing economy is an ageing US population with increasing healthcare costs, which he said ultimately means more tenants and more money flowing around in the healthcare space. And here is an interesting titbit he shared: the US government has so far been OrbVest’s worst tenant.- Linda van Tilburg
In today’s BizNews Briefing, Bronwyn Nielsen delves into South Africa’s equity landscape with Charl de Villiers from Ashburton, who shares the strategic shift toward local equities and the untapped value in mid-caps. The discussion extends to Nicky Newton-King, former JSE CEO and Stellenbosch University Council chair, as she addresses challenges at Wilgenhof, her views on navigating change, and reflections on the broader economic sentiment in South Africa.
Today on BizNews Newswrap, Lucienne Ferreira dives into Bitcoin’s explosive new heights, fresh shifts in U.S. politics, and Johan Rupert’s bold efforts to strengthen South Africa’s trade ties. With insights on local corruption concerns, the BELA Bill controversy, and top moves in the SA stock market, this wrap has everything you need to stay ahead. Don’t miss it!
With Trump’s influence making waves in the U.S. economy, David Shapiro from Sasfin Wealth joins Alec Hogg to dissect how market dynamics are being reshaped. From deregulation benefits and small-cap growth to the electric vehicle slowdown, Shapiro explains the impact of Trump’s policies and the forces behind key stocks like Tesla and Palantir
Jason Welz, Head of Digital Assets at Jaltech, discusses Bitcoin's recent surge, attributing it partly to Trump’s re-election, which may lead to relaxed crypto regulations. Institutional interest is also driving Bitcoin’s appeal as a “trustless” asset. While optimistic, Welz advises cautious investment, suggesting a portfolio allocation of 2–5% for average investors.
We have introduced a streamlined format for the daily BizNews Briefing, making consumption easier for those interested in business, investments and the political economy. In this episode host Alec Hogg has live guests to provide context on the Trump Bump on Wall Street, and Bitcoin’s surge above $80 000, with plenty more news including SA’s richest man Johann Rupert engaging directly with Donald Trump on keeping the country in AGOA, and MKP founder Jabulani Khumalo attacking its recent recruit Adv Dali Mpofu.
On this edition of the Sunday Show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), says South Africans have lost political decorum. He slams the “everlasting circus that is being played by the ANC, the GNU partnership” - and calls it “a tremendous play of power, greed, innuendos, treachery, treason and self implosion”. De Beer describes how the BELA Bill protest saw “Cabinet (ministers) marching against itself”, and as “a deeper level of madness” the ANC marching - also against itself - for better service delivery. Delving into the underworld, De Beer talks about the assassination of kingin Mark Lifman in an environment of “pressure coming from inside the group and pressure from outside…global pressure…cartel pressure…governmental pressure”. And he calls the declassification of the IPID investigation into the assassination of Lieutenant-Colonel Charl Kinnear of the Anti-Gang Unit “a shocking indictment of…the people that represent us on the Thin Blue Line”. Lastly, he gives his take on Trump’s US Presidential victory and the role South African-born Elon Musk played in getting him elected.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.
In his second interview with BizNews, the real founder of uMkhonto weSizwe Party (MKP), Jabulani Khumalo, bluntly calls Advocate Dali Mpofu a liar for claiming that he secretly set up MKP with former President Jacob Zuma. However, he says Mpofu was part of a plot to hijack the party he had founded. He also describes how he had guns pointed at him twice after false claims that he was going to deregister MKP. He speaks of how Zuma is making “all these mistakes” because he is bitter and angry - especially at President Cyril Ramaphosa. Khumalo is outraged at the corruption accused in MKP’s top structure - and says they are not in MK to work for the people. “They are in there to fight their battles”. As for the Government of National Unity (GNU), Khumalo says: “For me, it's a joke. People of South Africa need a government that is clean…GNU is doing nothing for the people. They are only trying to safeguard their positions in the government.”
In this BizNews Briefing interview Rory Steyn, a member of the Comrades Marathon Board of Trustees and former security chief for Nelson Mandela, discussing his role in safeguarding the legacy and spirit of the Comrades Marathon. Steyn talks passionately about the race's unique cultural and historical significance in South Africa, emphasizing its role in bringing people together from diverse backgrounds. He outlines the challenges the Board faces in balancing the preservation of the marathon's core values with the need for modern innovations and commercial support. Additionally, Steyn highlights the importance of developing young talent and maintaining inclusivity within the race, while upholding the event’s reputation as a symbol of resilience, community, and South African identity. His commitment reflects a vision for the marathon to continue inspiring future generations.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events - and to interact with members of the BizNews team. Register for BNC#7 here.
Eskom is threatening to cut off Johannesburg’s electricity due to the city’s mounting debt, now at R5 billion. Speaking to BizNews editor Alec Hogg on this morning's BizNews Briefing podcast, OUTA CEO Wayne Duvenage highlighted a growing crisis of municipal mismanagement and warned of severe consequences if leadership doesn’t change course. Civil society’s frustration is boiling over, and drastic action may be imminent.
California-based Anthony Ginsberg of ETF house GinsGlobal has been on the money in his insights ahead of and after the US presidential election. In this upbeat interview with BizNews editor Alec Hogg, he explains why it is not too late for laggards to participate in the fresh bull run for US stocks, particularly in the tech sector. Among the reasons for the US economy - and stocks - benefitting is pent-up demand for corporate actions and accelerated cuts in interest rates.
In this episode of the BizNews Briefing, host Alec Hogg provides context on stories of the moment with guests (in order of appearance) Wayne Duvenage (OUTA); Magnus Heystek (Brenthurst); Steve Binnie (Sappi); Anthony Ginsberg (GinsGlobal); Lord Mayor of London Prof Michael Mainelli; and Rory Steyn on the Comrades Collective and his son, Scotland rugby captain Kyle.
The Truworths share price dropped sharply after a business update disclosed sales in the fashion retailer’s 802 South African stores were flat for the four months to end October. CEO Michael Mark, in the Truworths hot seat for some 36 years, shares insights on where we are in the retailing cycle, providing context on the GNU-promised recovery after a decade of intense challenges for the sector. He spoke to BizNews editor Alec Hogg.
In today’s episode of NewsWrap, Kamala Harris concedes the US election. Business leader and ‘capitalist activist’ Rob Hersov, Denker Capital Director Kokkie Kooyman, and futurist Jakkie Cilliers react to Donald Trump’s election victory. Chris Steyn sits down with Gauteng MEC for e-Government, Bonginkosi Dhlamini who highlights the province’s recent achievements in high-tech crime-fighting. And Sappi CEO Steve Binnie unpacks the company’s strong quarterly results.
In the wake of Donald Trump’s latest election victory, Jakkie Cilliers, founder of the Institute for Security Studies, shares his concerns about Trump’s transactional approach to international relations and what it could spell for South Africa. From trade to climate commitments, Alec Hogg of BizNews delves into how Trump’s policies might impact the continent’s economy and geopolitical standing.
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In this interview with BizNews, the Gauteng MEC for e-Government, Bonginkosi Dhlamini, highlights recent achievements in crime-fighting over the first 100 days in office. He describes how the use of innovative technology - including a vast network of CCTV cameras - is shaping safer communities by tracking suspicious activity and vehicles. He also gives details of the e-Government Panic Button initiative in which a physical button is given to the elderly who then download the App on their smartphones. “The app allows users to trigger an alarm with the touch of a button, sending real GPS coordinates to emergency responders for a faster and more efficient response. This initiative aims to…improve public safety and provide an accessible tool to residents to protect themselves in high-risk situations.”
In this morning's BizNews Briefing with Alec Hogg, Rob Hersov discusses Donald Trump’s recent election victory, highlighting its potential impact on global politics and South Africa’s future. Hersov shares insights on the shift towards Trump among business leaders, and urges South Africa to reflect on economic policies and political alignment. He stresses that the victory could bring both challenges and opportunities for South Africa as it navigates its place in the global economy.
South African-based multinational Sappi delivered far more robust results than anticipated during its final quarter, catching investors by surprise with the full-year results to end September released today. CEO Steve Binnie chats to BizNews editor Alec Hogg about the R32bn wood-fibre group’s transformation into global leadership in a new area - and a $400m investment into a US plant that may well benefit from the result of the presidential election’s result.
Investment manager Kokkie Kooyman discusses how Trump’s pro-growth policies are driving financial stocks higher, with relaxed regulations and tariff protections boosting banks. He also highlights South Africa's economic challenges, citing corruption and bureaucracy as key barriers to growth, though recent reforms show some promise for recovery.
In this morning's BizNews Briefing, industry experts weigh in on the shifting political and economic landscape, from the U.S. election results to South Africa’s response to rising fraud and systemic corruption. While optimism grows over Trump’s return and its potential business-friendly effects, concerns emerge about South Africa’s position in a changing global order, including the impact of Trump’s policies on U.S.-Africa trade relations and South Africa's economic future. The conversation also highlights local challenges, from police reforms to the fight against insurance fraud.
In today’s episode of NewsWrap, Donald Trump has won the 2024 US presidential election, our partners at Bloomberg report on his victory; Sasfin Wealth’s Chief Investment Strategist David Shapiro unpacks why Trump is so popular to voters in the US, and Mining Maven Peter Major discusses what a second Trump presidency could mean for the sector; new Tshwane Mayor Dr Nasiphi Moya details her action plan to get the struggling metro back on its feet; OUTA CEO Wayne Duvenage updates us on what his organisation is doing to hold Eskom accountable after the electricity supplier proposed a 66% price hike over the next three years; and Altron has been South Africa’s top-performing stock over the last year, so BizNews editor Alec Hogg sat down with CEO Werner Kapp to find out why Altron has been so successful.
South Africa’s ongoing electricity and water crises have once again taken center stage, with Wayne Duvenage, CEO of the Organisation Undoing Tax Abuse (OUTA), shedding light on the root causes and potential solutions. In a recent conversation with Alec Hogg, Duvenage emphasized the critical role of government responsibility, efficiency, and accountability, especially in essential services like electricity and water. He also urged citizens to support organizations like OUTA, which fight for transparency and systemic change.
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The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events - and to interact with members of the BizNews team. Register for BNC#7 here.
The Gauteng Provincial Government has been tapping into a vast CCTV camera network to fight the high levels of crime in the province. In this interview with BizNews, Michael Varney, the Chief Commercial Officer of Vumacam, details the size of the network which has spread throughout Johannesburg, Ekurhuleni, Tshwane, Mogale - and now even into the Western Cape where it has planted its first network in conjunction with the Saldanha Bay Municipality. He details the “multitude of successes” achieved with the public-private partnership in Gauteng where it has been able to reduce response times from 18 to 30 minutes down to five to 10 minutes. As for the technology, apart from number plate recognition cameras, there are also overview cameras that pick up suspicious behaviour as well as smoke in a city notorious for building fires. “…the minute smoke is picked up, we're able then to create an alert and dispatch appropriately, leading to enormous successes in the prevention of the loss of life.”
Peter Major, Director of Mining at Modern Corporate Solutions, discusses challenges facing South Africa’s mining industry. He highlights political volatility in the U.S., Sibanye’s financial performance, and South Africa’s dwindling gold production due to high costs and regulatory burdens. Major urges regulatory reform to attract investment and sustain the sector.
The new Mayor of Tshwane, Dr. Nasiphi Moya, is faced with debt of over R11 billion, while creditors owe the City over R28 billion. In this interview with BizNews, Dr Moya details her 100-day action plan to save the Metro; gives viewers the low-down on behind-the-scenes talks on a payment plan of the almost R7-billion it owes ESKOM alone. She details measures to mitigate the water crisis; and gives an update on her other priorities, including infrastuctructure development, economic revitalisation, equitable basic service delivery, by-law enforcement and inner-city rejuvenation. Dr Moya says the “anxiety that we as politicians caused” in the lead-up to the Motion of No Confidence in her predecessor “is unforgivable”, but she vows not to let issues inside the council chambers translate into lack of service delivery.
In this morning's BizNews Briefing with Alec Hogg, David Shapiro shares his take on Trump’s polarizing influence on markets and the fallout for US bonds. Closer to home, Shapiro discusses the struggles of South African construction giants like Murray & Roberts, now mere shadows of their former selves amid a stagnant economy.
Altron has been in a two-horse race with WeBuyCars for the title of the JSE’s best-performing stock of the year. Both are the creations by entrepreneurs who kept them family controlled for much of the business’s lives. After the release of interim results at the end of August, however, Altron has opened up some space, with the share price bump taking its year-to-date gain to 107%. CEO Werner Kapp talks to BizNews editor Alec Hogg about Altron’s transformation.
This morning's BizNews Briefing, on air here from 7am, featured the latest on the US Presidential Election where Donald Trump is edging ahead; and live contributions from David Shapiro, Peter Major and Wayne Duvenage.
In today’s episode of NewsWrap, we tackle South Africa’s pivotal role in global and domestic issues. Deputy Minister of Trade, Industry and Competition Andrew Whitfield shares progress on trade ties with the US, while Old Mutual CEO Iain Williamson discusses the potential impact of South Africa’s upcoming G20 presidency. Protea Capital’s Jean Pierre Verster breaks down market volatility ahead of the US election; and MP Fadiel Adams - a member of Parliament's Portfolio Committee on Police - exposes shocking corruption allegations within SAPS leadership. Join us for insights into these critical developments shaping South Africa’s future.
In a recent interview with BizNews Briefing host and Nielsen Network CEO Bronwyn Nielsen, Iain Williamson - CEO of Old Mutual - shared an optimistic outlook on South Africa’s economic prospects, the upcoming launch of Old Mutual Bank, and the nation’s forthcoming G20 presidency. The conversation highlighted a noticeable momentum shift within the country, presenting signs of economic improvement and international recognition, while Old Mutual itself prepares for a groundbreaking new venture. This discussion provides a comprehensive look at Old Mutual’s insights on the country’s progress, its economic recovery, and a transformative future in banking.
A member of Parliament's Portfolio Committee on Police has laid charges against four top members of the South African Police Force. He is Fadiel Adams, who is also the Leader of the National Coloured Congress (NCC]. The officers include Crime Intelligence Head Major General Dumisani Khumalo. In this interview with BizNews, Adams details allegations against the top officers. He also reveals what he was told in Westville Prison by a former Task Force member who has been on remand for almost five years on a charge of defeating the ends of justice after he refused to carry out a political arrest. “The South African Police Services appears to be a mafia. It appears to be the biggest gang in the country,” Adams says. Meanwhile, he is in no doubt that he will face retaliation - and may even be killed - for taking action. “Now when I took this thing up, I was asked by a very good friend of mine, are you sure you want to do this? I said, why would you ask me this? I have to do this. He said to me, Boeta, you're not going up against the gang boss. A gang boss has two, 300 soldiers. These people have a hundred thousand. He said, SARS will be in your pockets tomorrow morning. Charges will be trumped up against you. Your name will be smeared in the media. I said, they need to do what they need to do because this is our police services, not his. If people are misusing secret state funds to buy cars, to establish political task teams, to have political opponents killed, to have good policemen locked up, then the rest of us need to speak up about it.”
In this BizNews Briefing, Bronwyn Nielsen is joined in studio by portfolio specialist Kerry-Ann Sattary, Old Mutual CEO Iain Williamson, and Protea Capital Management founder Jean-Pierre Verster to discuss the ripple effects of the US election on markets and economic policy. As Sattary breaks down potential election outcomes and Fed rate decisions, Williamson shares an optimistic outlook on South Africa's emerging economic environment, and Verster highlights strategic opportunities in both local and international markets. This episode dives into critical trends, from SA’s growth challenges to investment shifts in global markets.
Deputy Minister of Trade, Industry and Competition Andrew Whitfield emphasised the South African government’s efforts to support small businesses, strengthen US relations, and address unemployment through policy reforms. By focusing on infrastructure, market access, and responsive support, the DTIC aims to foster economic growth and create jobs amid the country’s challenging economic landscape.
The FW de Klerk Foundation has welcomed the awarding of the Nobel Peace Prize to Nihon Hidankyo, a grassroots movement of atomic bomb survivors. This movement has been honoured for using the testimony of the survivors of Hiroshima and Nagasaki to advocate against the use of nuclear weapons ever again. Christo van der Rheede, the Executive Director of the Foundation, highlighted in an interview with Biznews that South Africa has a proud legacy of promoting peace, with Presidents Nelson Mandela and FW de Klerk both receiving the Nobel Peace Prize for their roles in bringing peace to South Africa. Van der Rheede also noted that De Klerk took a significant step further by deciding to disarm South Africa, ensuring the country’s nuclear weapons were destroyed, making South Africa the first nation to take such action. He has called on President Cyril Ramaphosa to be consistent in his message: “Stand up and say enough is enough.” Van der Rheede argued that Ramaphosa cannot hold the Israelis accountable for events in the Middle East while remaining silent about the atrocities committed by Putin or Hamas. All those entities, he said, are out to destroy instead of engaging in dialogue, as Presidents Mandela and De Klerk had done.
In this edition of NewsWrap from BizNews, we delve into critical updates on the US elections and expose troubling political interference within the South African Police Service, alongside urgent insights into Johannesburg’s declining infrastructure. Former DA leader Mmusi Maimane critiques the DA-ANC coalition for missed reform opportunities, while UIM President Neil De Beer labels Deputy President Paul Mashatile’s land policy a distraction from corruption allegations. Finally, Pick n Pay CEO Sean Summers shares an optimistic outlook on the company’s strategic partnership with FNB. Tune in for all the highlights!
In a candid discussion on the BizNews Briefing podcast, Makone Maja of the Institute for Race Relations and Mmusi Maimane, leader of Build One South Africa, addressed South Africa’s political crisis. They discussed the fallout from ANC’s governance challenges, the Democratic Alliance’s controversial coalition, and the deteriorating state of Johannesburg and Tshwane.
In an interview with BizNews editor Alec Hogg on this morning's BizNews Briefing podcast, market expert David Shapiro discussed critical issues affecting the South African cement industry and the implications of the upcoming US presidential election. He expressed concerns about the cement industry's future amid a shift towards alternative materials and emphasized the need for government infrastructure investment. Shapiro also addressed the challenges facing Tongaat Hulett in business rescue and reflected on the potential impact of political stability with a new US leader.
Speaking to BizNews editor Alec Hogg on the BizNews Briefing podcast this morning, Pick n Pay CEO Sean Summers discussed the company’s strategic turnaround, highlighted by a new partnership with FNB’s eBucks program. Despite challenges, Summers is optimistic about the company’s future, aiming to reinvest in stores, leverage Boxer’s success, and foster a revitalised corporate culture focused on quality and customer loyalty.
In this episode of the BizNews Briefing, host Alec Hogg discusses the eBucks deal; Boxer listing and progress on the turnaround with Pick n Pay CEO Sean Summers; gets context from David Shapiro and Makone Maja about the freshest investment and political news; and celebrates a triumph of democracy in Botswana with BOSA leader Mmusi Maimane. The programme is broadcast live from 7am to 8am weekday mornings.
On this edition of the Sunday Show on BizNews, Neil de Beer, the President of the United Independent Movement, says Deputy President Paul Mashatile - who has reaffirmed government's commitment to expropriation of land without compensation - should be hauled before court on “terrible” charges of corruption; examines the possible reasons behind the dropping of a corruption charge against former Minister of Sports, Arts and Culture Zizi Kodwa and lists several other cases that have been withdrawn - despite “tantamount evidence”. He gives his verdict on the war of words between ActionSA leader Herman Mashaba and political economist Phumlani M. Majozi over social media posts by the latter - and explains why he believes they are both in the wrong. He also vows to get the inside story on an apparently leaked Helen Zille video about “the ANC's manipulation (in GNU negotiations), apparently to keep international relationships and international ministries going because that's where they get most of their stuff”. Furthermore, De Beer comments on the election outcomes in Botswana - where the ruling party was peacefully ousted after 58 years in power - and in Mozambique where unrest has broken out over Frelimo’s alleged rigging of the election - amid rumours that Swapo could lose the next election in Namibia.
Corion’s David Bacher shares his team’s monthly report-back on investment market performance, reflecting on a soggy October when a good start deteriorated into a poor ending. US inflation edged higher, causing an unexpected bump in interest rates and weaker share prices worldwide. Bacher explains that investors worry that no matter which presidential candidate wins, the American State’s profligacy will worsen, bringing fresh pressure onto the country’s finances.
In this eye-opening BizNews Briefing interview, a victim of the Banxso investment scheme reveales how they were lured by promises of high returns and reassurances from "financial experts." Through emotional testimonials, they describe the intense pressure and deceptive tactics that led them to invest their savings, only to face devastating losses. This interview sheds light on the human cost of financial scams, as survivors share their experiences and offer warnings to those navigating the world of online investments.
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Speaking to BizNews editor Alec Hogg on this morning's BizNews Briefing podcast, former Tshwane Mayor Cilliers Brink discussed his views on the destabilising effects of the ActionSA-ANC-EFF coalition on Tshwane's governance, citing setbacks in financial recovery and infrastructure management. Brink highlighted his concerns over ANC control and the potential impact on Tshwane’s future, emphasizing the DA's commitment to growth and stability in Gauteng.
In this gripping interview, political analyst and regular BizNews columnist RW Johnson discussed Johannesburg’s water crisis, describing it as a “national calamity” born of decades of infrastructure neglect and political gridlock. Speaking with BizNews editor Alec Hogg, Johnson unpacked the historical missteps that led the city to the brink and questioned whether Johannesburg’s decline could still be reversed.
Anthony Ginsberg, managing partner of GinsGlobal, offers valuable insights into the recent market volatility impacting big tech. As Alec Hogg discusses in his latest interview, tech stocks like Amazon, Meta, and Microsoft face heightened scrutiny due to intensified AI investments and antitrust challenges under the current administration. Ginsberg shares his forecast on the impact of the upcoming U.S. presidential election on tech sector dynamics, predicting a potential relief rally if regulatory restraints are eased. In the meantime, the surge in AI and cloud spending is set to reshape the tech landscape, presenting both risks and opportunities for investors.
In this episode of the BizNews Briefing, host Alec Hogg shares insights from political scientist RW Johnson; former Tshwane mayor Cilliers Brink; from LA, Anthony Ginsberg on quarterlies from five members of Wall Street’s Magnificent Seven; and a victim of the financial boiler room called Banxso tells the story of how her life’s savings were lost.
In this episode of BizNews NewsWrap, we delve into the heated debate surrounding capitalism and socialism, featuring insights from influential Rob Hersov, who champions the successes of capitalism, and Kevin Lings, who warns of South Africa's escalating debt crisis. We also hear from Herman Mashaba, who challenges divisive political narratives, and Phumlani Majozi, who advocates for empowering black youth to shape their futures. Join us for thought-provoking discussions tackling pressing issues affecting South Africa today.
In a conversation on this morning's BizNews Briefing, outspoken entrepreneur and “capitalist activist” Rob Hersov doubled down on his call for South Africans to embrace capitalism as a path to growth, jobs, and innovation. Sharing his thoughts on how socialism and its ideals have gained surprising traction, Hersov expressed concern over the influence of leftist ideology on young minds, educational institutions, and policymakers in South Africa. Hersov’s call to action? For advocates of capitalism to step up, support the system that, in his view, has historically proven successful and fuelled prosperity.
A war of words is raging between political economist Phumlani M. Majozi and ActionSA leader Herman Mashaba. In this interview with BizNews, Majozi responds to yesterday’s interview with Mashaba in which he revealed that he had consulted lawyers over social media posts made by Majozi. In our interview, we ask Majozi whether he really believes that there is “not a single black politician” in the country “who stands for basic traditional values of hard work, personal responsibility, stronger business productivity, stronger families, law and order”. We also also ask him why he labelled us at BizNews “clowns” after the Mashaba interview aired.
Speaking to Alec Hogg on this morning's BizNews Briefing podcast, STANLIB's chief economist Kevin Lings urged swift government action following South Africa’s medium-term budget update, citing low growth projections, high debt, and the need to capitalise on recent optimism. While supportive of public-private partnerships for infrastructure, Lings warns that delayed efforts could waste the nation’s current window of opportunity for economic improvement.
In a conversation with Alec Hogg, Marius Roodt from the Institute for Race Relations discusses surprising shifts in South Africa’s local by-elections. With record-breaking voter support for the DA in Stellenbosch and Emalahleni, and an unexpected win for the Patriotic Alliance in George, these results reveal changing voter loyalties. Roodt delves into the role of proportional representation and its impact on both national and local politics.
In this episode of the BizNews Briefing, host Alec Hogg is joined by global entrepreneur and self-described ‘capitalist activist’ Rob Hersov; the IRR’s Marius Roodt; Stanlib chief economist Kevin Lings; and with insight into the Microsoft results, our partners at Bloomberg.
Jason Welz, head of crypto at Jaltech, provided insights into Bitcoin’s recent surge, cautioning investors about its volatility.
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Anthony Ginsberg, tech investment specialist at GinsGlobal Index Funds, shared his perspective on Alphabet and other Big Tech giants
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Evan Walker, portfolio manager at 36ONE Asset Management, weighed in on the current challenges facing the retail sector.
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Value investor Piet Viljoen discussed the South African Competition Commission’s impact on the country’s market dynamics.
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Join us for today's BizNews Newswrap as we delve into the Financial Sector Conduct Authority's crackdown on fraud, spotlight Shoprite's impressive sales growth, and analyze the implications of the Competition Commission's recent decisions. We also unpack Google's strong earnings report and explore the latest trends in Bitcoin and gold prices. Stay informed with expert insights and key updates from the world of business!
The FSCA is investigating alleged financial scams by Banxso and AfriMarkets, accused of using deep-fake ads to lure vulnerable investors. With around 90 million rand frozen and licenses provisionally withdrawn, FSCA’s Gerhard van Deventer emphasizes public education and ethical sales practices, stressing accountability for deceptive financial schemes.
ActionSA leader Herman Mashaba is ready to take legal action over social media posts by political economist Phumlani M Majozi and some other commentators. In this interview with BizNews, he says: “…we will honestly get some of the best lawyers to put them in front of the nation to really give us evidence of the nonsense they are promoting of us as black people to really be corrupt, that we don't have values of hard work.” Mashaba’s party is is also getting ready to bring a motion to get rid of former Johannesburg Mayor turned MMC Kabelo Gwamanda who is currently on special leave following his arrest over allegations of fraud. “I fail to understand why the ANC is actually failing to deal with this Gwamanda, the former mayor. Now they put him as the MMC, someone who actually cheated the poor black people in Soweto.” Furthermore, he says ActionSA is putting pressure on the ANC government to help turn around Johannesburg. He also gives an update on the governance issues in Tshwane where his party now holds the mayoral position. And he hails the return to ActionSA of dozens of formerly disgruntled activists in preparation for the 2026 municipal elections.
In this episode of the BizNews Briefing, host Alec Hogg is joined by Piet Viljoen of Re:CM; Evan Walker of 36ONE; Anthony Ginsberg of Ginsglobal (from California); Gerhard van Deventer, Enforcement director at the FSCA; and Jason Welz, head of crypto at Jaltech.
An anonymous whistleblower has come forward with troubling details about Banxso, an online investment platform accused of deceptive practices and linked to deepfake ads featuring well-known personalities like Johann Rupert and Hashim Amla. The whistleblower, a senior figure in the financial sector, described a suspicious encounter with Afrimarket, a platform with striking similarities to Banxso, including an alleged shared chief operating officer. After responding to a Facebook ad, he was pressured to invest without transparency around risk profiling or the expertise of his assigned "advisor." His findings raise concerns that Afrimarket could be a rebranded clone of Banxso, targeting South Africans with aggressive sales tactics to exploit unsuspecting investors.
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In today’s BizNews Newswrap, DA's Ian Cameron delves into the SAPS's leadership issues and the need for a skills audit to address crime at its roots. Bloomberg provides insights on Pick n Pay's upcoming Boxer IPO, potentially Africa’s largest for the year, while a whistleblower shares claims of a clone mimicking Banxso to scam investors. Alec Hogg and Magnus Heystek discuss the booming US tech sector, where Nvidia's stock value may be affected by the big spenders' earnings reports. We also hear from Willie Aucamp and Jaco Rabie on the Stellenbosch University scandal that’s sparked calls for leadership accountability. Find all these in-depth discussions and more on BizNews.com.
In a recent BizNews interview, Magnus Heystek, founder and chief investment officer of Brenthurst Wealth, shared insights on the impact of the American stock market on South African investments, especially in light of a strong year for global equities. Highlighting the influence of U.S. tech giants like Nvidia and Alphabet, Heystek noted that South African investors are increasingly exposed to international markets, benefiting from global growth and diversification. He also discussed challenges in the local property market, specifically for companies like Balwin Properties, which are struggling due to high interest rates and reduced mortgage approvals. In a shifting economic landscape, Heystek emphasizes the importance of adapting portfolios and encourages engagement in financial literacy to help young investors understand and benefit from these trends.
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In South Africa, more than 8 million of our 12.5 million school pupils walk to school as their families cannot afford private transportation. The danger some of them face has been highlighted by a recent story of the pupils of a remote village of eNkovukeni in far northern KwaZulu-Natal who have to cross a lake with hippos to get to the Nhlange Secondary School in Manguzi. A non-profit organisation, The Love Trust, which runs the Nokuphila School in Tembisa, has devised a plan to provide safe and dependable transport to its pupils. They invite businesses to sponsor a seat through the Nokuphila Transport Programme. Mmatsie Motimele, a fundraiser for The Love Trust, told BizNews in an interview that a key contributor to the school's high attendance record is their commitment to providing safe and dependable transport to their pupils. Seats can be sponsored on the GivenGain website. The annual cost per child is R8,941.
Ian Cameron, DA spokesperson on police, addressed the need for a SAPS leadership audit to tackle inefficiency and political appointments, which he sees as root issues behind South Africa’s crime challenges. He also criticised the controversial BELA Bill, which allows schools to facilitate abortions for minors without parental consent.
Jaco Rabie and DA MP Willie Aucamp discuss allegations that Stellenbosch University’s Vice-Chancellor and Council Chair altered an independent panel’s report on the Wilgenhof residence closure, withholding alternatives from the council. They demand an independent investigation and accountability to restore transparency and trust.
In this episode of BizNews Briefing, host Alec Hogg is joined by Magnus Heystek for context on the freshest business and investment news; we meet an anonymous whistleblower who has uncovered a clone of the suspended Banxso; Jaco Rabie and Willie Aucamp, MP call for strong action after bombshell developments on the Stellenbosch University’s Wilgenhof saga; and Ian Cameron MP celebrates the SAPS leadership skills audit - and shares the likely consequences. Plus Gayton McKenzie on the GNU and Zuma; overnight business news and a new opponent of the BELA Bill.
In today’s Newswrap, we break down top stories in South African politics, finance, and international news. Sports Minister Gayton McKenzie addresses the Springbok equity deal; campaign strategist Makone Maja weighs in on ANC dynamics and Ramaphosa's potential successors; and legal expert Christopher Cordeiro critiques the BELA Bill’s impact on education reform. Plus, financial analyst David Shapiro offers a perspective on the US elections, and Bloomberg reports on an optimistic tech earnings forecast. Join us for an in-depth look at today’s headlines!
The Minister of Sports, Arts and Culture - and Patriotic Alliance (PA) leader - Gayton McKenzie has made an impassioned plea for an end to the bickering and infighting in the Government of National Unity (GNU). In this interview with BizNews he describes the current discord in the GNU as a “gift” to former President Jacob Zuma and his MKP. “If they are not careful, Zuma is going to become the biggest party - and the GNU is the only thing that can stop Zuma, not the ANC, the GNU…” The Minister also takes BizNews viewers behind the scenes of the rugby equity deal talks; gives an update on the challenges and triumphs in his ministry; reveals details of his plans to put South Africa back on the world stage; and talks about his desire for social cohesion. “My biggest job as Minister of Sports, Arts and Culture is to make sure that we are one nation under God. We don't have this black, white, Indian, Coloured…We need to move away from that. We are South Africans…And if we can all think along the lines to say: put the country first before you put the party first.”
The Pestalozzi Trust - a civil rights organisation dedicated to protecting homeschooling and civil education - has warned President Cyril Ramaphosa in a letter that it will launch a legal challenge to the BELA Act. In this interview with BizNews, the trust’s Christopher Cordeiro says: “…once the President says what the date of its coming into force, the trust will, I think, be one of the first, if not the first, to serve its papers. And people can go and read those papers because I think they'll have an element of tragic comedy when you start going through and seeing really how poorly the process was conducted.” Cordeiro lists the principle and practical objections from homeschoolers, and outlines the procedural and substantive grounds for the legal challenge. “And…it would be a travesty of our constitutional processes if a court upheld the bill.” Meanwhile, he urges radical reform in the Education Sector.
The United Kingdom has long been a preferred destination for South Africans eager to expand their horizons by living and working abroad. In many areas, such as Wimbledon, it's common to hear Afrikaans spoken. However, under pressure to reduce migration numbers, the UK government has recently tightened its immigration rules. Mishal Patel, Director of Citizenship and Immigration at Sable International, identifies the escalating costs as the most significant change impacting South Africans. In an interview with BizNews, Patel said increases in the Immigration Health Surcharge, stricter family visa requirements, and limitations on students bringing dependents to the UK have resulted in a 5-6% decrease in immigration interest. He says there has been a noticeable shift in the demographic profile of South Africans looking to emigrate, moving away from retirees towards younger professionals. Despite these changes, the UK continues to demand healthcare, hospitality, and construction professionals. To support individuals considering relocation, Sable International will host a series of Expos across South Africa in November. The immigration specialists have also introduced a new Refusal Review Service to assist people whose passport applications have been refused.
In an interview on this morning's BizNews Briefing podcast, Sasfin Wealth's chief investment strategist David Shapiro and BizNews editor Alec Hogg discussed the U.S. political climate, specifically concerns over a potential Republican "clean sweep" under Trump, Musk's alignment with Trump for business gains, and market volatility driven by tech short squeezes and inflationary pressures from U.S. tariffs.
In an enlightening discussion, political analyst Makone Maja from the Centre for Risk Analysis shares insights on the evolving political landscape in Southern Africa, particularly focusing on Mozambique's precarious situation and its implications for regional stability. As she addresses the challenges facing South Africa’s leadership amid shifting alliances and election controversies, Maja explores youth perspectives on democracy and the ANC's complicated relationship with historical allies like Russia. This interview delves into the dynamics of the current political coalition and what it means for the future.
A recent study by CGA by NIQ reveals that South Africans enjoy dining out, with 87% of those surveyed visiting bars or restaurants at least once a month. The study also highlights a growing preference for cocktails, with 60% of drinkers choosing them, and an increasing demand for premium beverages. Lifa Bakana, the senior brand manager of William Grant & Sons, says South Africans have developed a taste for premium brands like their Glenfiddich single malt whiskey. These customers, referred to as the “greatest showman” or “greatest show woman,” are the target market for Glenfiddich, according to Bakana. It is typically a 35-year-old and older consumer who enjoys premium whiskey. To tap into this market, Glenfiddich has released its 31-year-old Grand Chateau in South Africa, which has been aged in Bordeaux red wine casks. There are only 474 bottles available priced at R40,000 and Bakana says they are selling fast if you want to get your hands on something rare.
In this episode of the BizNews Briefing, host Alec Hogg speaks to David Shapiro, Makone Maja and Rob Futter to provide context on major developments in the investment field, politics and energy. The conversations range from Trump v Harris through to Mozambique’s contested election; Ramaphosa’s bromance with Putin and FirstRand’s inherited problems in the UK. The BizNews Briefing is broadcast live at 7am weekdays.
Controversy is raging over the credibility of the national election results in neighbouring Mozambique where Frelimo’s Daniel Chapo won by over 70% of the vote. In this in-depth interview with BizNews, Tertius Jacobs, the Mozambique analyst for the private risk management company Focus Group takes viewers through the results; the claims of election manipulation; and the apparent assassinations of two opposition figures documenting electoral fraud and leading the team working on an appeal to the elections commission. He describes the ensuing nationwide unrest and the police response. Jacobs also gives a comprehensive update on the insurgency in Cabo Delgado. Meanwhile, the country is on a knife edge as it awaits the validation of the results by the Constitutional Council.
In this week’s episode of the Sunday Show, United Independent Movement (UIM) President Neil de Beer talks about the possibility of the African National Congress (ANC) regaining a majority in 2028 by taking credit for the good work being done in the Government of National Unity (GNU) by ministers, mostly of other parties. However, he also warns the ANC that it risks a “palace revolution” unless it deals with the corruption in its ranks. He referees the latest spat between Democratic Alliance (DA) leader John Steenhuisen and President Cyril Ramaphosa who now has Patriotic Alliance leader Gayton McKenzie jumping to his defence. De Beer talks about the high profile defections of people with “sensitive information” to the MK Party of former President Jacob Zuma, as well as the arrest of his benefactor, the diamond dealer Louis Liebenberg. And he describes the “dismantling” of the Economic Freedom Fighters (EFF) as “the once rising revolutionary replacement of the ANC to something that will just be folding directly into the MK”.
Mining expert Peter Major discussed South Africa’s mining sector challenges and strengths, including Afrimat’s growth trajectory, Anglo American’s stability, and Kumba Iron Ore’s strategy for maximizing value despite infrastructure constraints. He also highlighted global economic impacts on commodities and the need for sustainable, well-managed mining operations amid geopolitical uncertainties.
Retail analyst Evan Walker discussed with BizNews host Alec Hogg the challenges facing South African retailer Pick n Pay, Shoprite's market dominance, and the success of Clicks' loyalty program. He also highlighted competition from Chinese e-commerce platforms like Shein and potential impacts of Amazon's arrival in the local market.
In recent years, there have been numerous reports about the degradation of river systems in South Africa, largely linked to municipalities’ inability to effectively treat wastewater, which has far-reaching implications for human and environmental health. These challenges are the driving force behind the research by Professor Patricks Voua Otomo and Sanele Mnkhandla from the University of the Free State’s research into utilising mushrooms and microfiltration techniques to enhance the quality of contaminated water. In an interview with BizNews, Mnkandla said that they had found they could remove up to 94% of iron and 31% of insecticides from contaminated water with common edible mushrooms. Mnkandla says a TED Talk inspired her to investigate the use of mushrooms to purify contaminated water. The next step would involve designing a pilot plant, and if successful, UFS could collaborate with municipal engineers to scale it further. This method could also be used to purify water farmers use to clean equipment, which often contains pesticides and harmful chemicals, for irrigation systems in farming and for filtering rainwater running off roofs for washing.
Deep insights in this episode of the BizNews Briefing as top retail analyst Evan Walker of 36ONE explains what impact the annual financial results will have on the super-charged share price of Clicks and the sector generally in the context of the Takealot v Amazon v Temu; and mining guru Peter Major assesses the latest news from Afrimat; Anglo American; Anglo Platinum and Kumba. Also in this show, Western Cape focused property stock Spear’s CEO Quintin Rossi; Wilgenhof; implications of North Korean troops in the Ukraine front line; and chances of success for Putin-punted BRICS currency.
The Association for the Advancement of Wilgenhof Residents (AWIR) and Stellenbosch University (‘SU’) have settled litigation concerning the SU Council’s decision to close the Wilgenhof residence in 2025. As part of the agreement, in the first semester, the 2025 Wilgenhof students, together with new first year students who will be allocated to the residence, will be entitled to all move to a new residence together and to retain the current House Committee during which time SU will conduct as much of the necessary renovations as possible. The students will be entitled to return in the second semester even if some of the upgrades still need to be completed. However, the Wilgenhof Alumni has not been able to come to an agreement with SU on its separate application to the High Court to review and set aside the June 2024 report and recommendations by an investigative panel, as well as the decision by the SU Rectorate to accept the panel’s conclusion that Wilgenhof was “irremediable” and should be closed. In this interview Jaco Rabie of the Wilgenhof Alumni Association takes BizNews viewers through the whole saga.
In today’s BizNews NewsWrap, we cover the most talked-about stories. Rob Hersov shares his unfiltered views on the controversial Springbok private equity deal. Advocate Glynis Breytenbach calls for Justice Minister Tembi Simelane's resignation amid VBS Mutual Bank scrutiny. We dive into Tesla's impressive earnings report, with Bloomberg and Seth Goldstein of Morningstar. Finally, Russian historian Irina Filatova unpacks BRICS' geopolitical shift and its message to the West. Tune in for the latest updates and expert insights!
In a hard-hitting interview with BizNews founder Alec Hogg, DA spokesperson on Justice and Constitutional Development, Glynnis Breytenbach, exposes the questionable financial dealings of Justice Minister Thembi Simelane during her time as Polokwane mayor. Breytenbach highlights a conflict of interest involving a shady loan connected to the VBS Mutual Bank scandal, where Simelane allegedly benefited from a half-million-rand "loan" while municipal funds were directed into the failing bank. With Simelane now leading the justice ministry and under investigation by the Hawks, Breytenbach argues that her position undermines the integrity of South Africa’s fragile criminal justice system.
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In a revealing interview, Rob Hersov discusses the alarming involvement of North Korean troops in the Ukraine conflict and its potential to galvanize Western support for Ukraine. He critiques the recent Springbok rugby partnership deal with Ackerley Sports Group, calling it poorly constructed and highlighting the incompetence within the South African Rugby Union. Hersov advocates for a transparent process and better partners to elevate the Springbok brand and address its financial needs.
Russian President Vladimir Putin - who is hosting the latest BRICS Summit - has managed to demonstrate to the world that he is not isolated at all - and that - together with China - he leads the Global South. So says Russian historian, Professor Irina Filatova. In this interview with BizNews, she says BRICS sees itself as fighting for a new multipolar world - and that the addition of the new members, particularly Iran, has pushed BRICS away from cooperation with the West. She describes as the biggest take-out from the Summit, “the huge announcement by the Global South. We are here and you have to listen to us.” She adds: “It may be that this summit actually was a point in the international relations and in the global situation that we shall remember as a turning point which will mark the strengthening, final strengthening of the rest at the expense of the West, or it may not. It may be completely different and the world may collapse into a host of different groupings, conflicts and fighting interests both on the battlefield and in the trade relations, the economy, etc.” Professor Filatova also describes the impact a new BRICS financial system could have on the current global financial system. Furthermore, she analyses the implications of North Korea entering the war against Ukraine.
In a startling development, reports suggest that North Korean soldiers are being deployed to aid Russia in its war against Ukraine. Satellite images from South Korea reveal troops being prepped in Russia's Far East, raising concerns about global conflict escalation. This alliance signals a broader internationalization of the war, as experts question how the West will respond to this growing threat.
Major companies like EOH, Tesla, and Famous Brands are all facing unique challenges and opportunities. EOH is restructuring after corruption scandals, Tesla is seeing soaring demand and cost reductions, while Famous Brands recovers post-COVID. Strategic pivots and market resilience are key themes driving these corporate stories forward.
In this episode of BizNews Briefing where host Alec Hogg gets context from those who know on big SA stories of the moment including the incompetent SARU sale of the Springboks; Dodging Justice Minister Thembi Simelane; SA Parliament getting involved in Equitorial Guinea’s jailing of two SA engineers on trumped up charges; and the CEO perspective on financials just reported by EOH and Famous Brands.
In this episode of NewsWrap, Jakkie Cilliers, Chairman of the Institute of Security Studies and globally renowned futurist, says South Africa needs to stop being played by its BRICS counterparts, Russia and China; WeBuyCars co-founder and Chief Executive Faan van der Walt discusses the company's financial results for 2024 and growth outlook, following their listing on the JSE in April this year; Denker Capital Director Kokkie Kooyman shares insights into the crisis-stricken wealth-management firm Sasfin, and the origins of their poor full-year results; and deposed Western Province Rugby Football Union president Zelt Marais on the controversial $75 Million deal between SA Rugby and the Ackerley Sports Group.
In a recent interview on BizNews, Alec Hogg spoke with Faan van der Walt, CEO and co-founder of Webuycars, about the company’s impressive growth, challenges of going public, and its future outlook. Webuycars, now listed on the JSE, has experienced strong top-line growth of over 20%, though it faced a dip in headline earnings per share due to non-recurring costs associated with the listing. Faan discussed how major institutional investors, including Coronation and Aylett & Co., have backed the company, and he expressed optimism about reaching the ambitious goal of selling 25,000 vehicles per month in the near future.
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A massive, multi-year research project by the Institute for Security Studies reached a jarring conclusion - South Africa’s economic stagnation directly results from ideology trumping pragmatism. ISS chairman Jakkie Cilliers, a globally celebrated futurist, says SA’s leaders know exactly what to do to put the nation onto the path to prosperity and poverty alleviation. But a lack of execution and confused leadership is holding back the nation.
Zelt Marais, president of Western Province Rugby, has raised concerns about financial mismanagement in South African rugby. In an interview, he criticized SARU’s undervalued equity deal and lack of transparency, while calling for government intervention to protect community clubs and ensure the sport’s sustainable future.
In an enlightening conversation, Kokkie Kooyman of Denker Capital shares insights into the troubled saga of Sasfin, a bank with a storied history. From its early days of pioneering leasing to its recent struggles with fraud and rising non-performing loans, Kooyman highlights the systemic issues that have plagued the institution. As Sasfin faces a potential delisting from the JSE, Kooyman emphasizes the lessons for the banking sector in South Africa.
In this episode of the BizNews Briefing, host Alec Hogg is joined in the studio by WeBuyCars founder and CEO Faan vd Walt; former WP Rugby President Zelt Marais; and Denker Capital’s Kokkie Kooyman.
In this engaging interview, Ranmore Fund Manager Sean Peche shares candid insights with Bloomberg's Merryn Somerset Webb, challenging the traditional investment narrative. Peche discusses his approach to evaluating stocks without meeting management, the pitfalls of chasing tech stories like Nvidia, and why he believes in relying on hard numbers over compelling CEO stories. He highlights Ryanair's resilient performance, Petrobras' dividend power, and the risks of paying too much for future growth. With a focus on value investing, Peche emphasizes the importance of avoiding hype and sticking to fundamentals in an unpredictable market.
In today's BizNews NewsWrap, we bring you the latest highlights, from Russia’s BRICS summit to the resurgence of South Africa’s banking sector. Tune in for expert insights from Peter Armitage on SA market optimism, Steven Hurwitz on Naspers’ unusual 100 day trading update, and mining maven Peter Major on Anglo American and Sasol. We also dive into RW Johnson’s thought-provoking analysis on whether African states should receive veto power in the UN Security Council. Catch all this and more on BizNews.com, TV, and Radio!
Speaking to Alec Hogg on this morning's BizNews Briefing podcast, Peter Major, a prominent mining analyst, shared insights into the future prospects of Anglo American amidst ongoing market challenges. He discussed the company’s strategic initiatives to enhance operational efficiency and diversify its portfolio in response to fluctuating commodity prices and economic uncertainties. Major emphasized that despite short-term headwinds, Anglo American's focus on sustainable practices and innovation positions it well for long-term growth. He also highlighted the importance of adapting to global trends, such as the transition to green energy, which could unlock new opportunities for the mining giant in the years ahead.
The 2024 BRICS Summit is being held in Russia. In this interview with BizNews, foreign policy analyst Sanusha Naidu of the Institute for Global Dialogue says with about 38 countries invited, 32 of which confirmed attendance and 24 sending Heads of State, “this is really a moment in the sun for Russia to say we still have traction”. She looks at what South Africa and Africa could hope to gain from its fellow members. Naidu also discusses the big talking point of trade in local currencies, and says she doesn't think BRICS wants to create a third currency, but would instead like to strengthen and instrumentalise the frameworks as well as the rolling out of piloting projects around the use of localised currency. She does not expect any major expansion moves at this summit because of the implication of permanent members having to start sharing their power base which then challenges who is actually the ultimate decision maker in BRICS. Instead it might rather focus on “partnership” countries. Naidu further analyses the extent to which the BRICS countries are already challenging the US-led World Order.
In this morning's episode of the BizNews Briefing podcast with Alec Hogg, Steven Hurwitz of 36One Asset Management weighs in on Naspers' new CEO Fabricio Bloisi’s 100-day statement. While AI-driven innovations and improved profitability are promising, Hurwitz emphasizes that Naspers' performance remains heavily dependent on its largest asset, Tencent.
Speaking to Alec Hogg on the BizNews Briefing podcast this morning, Peter Armitage from Anchor Capital discussed the banking sector's recovery amid changing interest rates, highlighting improved investor confidence and economic stability in South Africa. While banking shares are up significantly, Armitage cautioned against complacency, emphasizing the delicate balance between optimism and potential market corrections. His insights also touched on the cautious movement of international investors and the challenges facing major companies like Naspers and Tencent.
This morning’s BizNews Briefing features insights from top financial minds Peter Armitage, Steven Hurwitz, and Peter Major. Key topics include comments on Naspers CEO Fabricio Bloisi, contrasting opinions from Fed officials on rate cuts, Disney’s new leadership strategy, and growing confidence in South African markets amidst economic improvements like declining interest rates, increased foreign bond investments, and reduced load shedding.
In this interview, stockbroker David Shapiro reflects on his recent trip to the U.S., discussing the country's strong economic performance, despite political tensions and the upcoming elections. He emphasizes the importance of the U.S. economy, especially for South Africa, highlighting its dynamic nature and the dominance of tech giants like ASML. Shapiro also discusses the impact of AI on the market, expressing confidence in long-term investments despite short-term setbacks. Shifting to South Africa, he advocates for investing in small and mid-cap companies, noting the potential for growth in well-run businesses, despite liquidity challenges and broader economic struggles.
In this episode of NewsWrap, Frans Cronje unpacks South Africa’s shifting geopolitical allegiances; retired Colonel Chris Wyatt discusses Elon Musk, his relationship with Donald Trump and the Republican campaign; Montegray Capital CEO Michael Jordaan shares insights on what it will take for the newly formed Government of National Unity to grow SA’s economy; and Neil de Beer sheds light on the latest developments regarding President Cyril Ramaphosa’s Phala Phala scandal.
In an insightful interview, Neil Emerick from the Free Market Foundation discusses South Africa's rise in the Freedom Index, moving from 85th to 81st place. He emphasizes the importance of economic freedom for growth and quality of life, comparing South Africa's ranking with its BRICS counterparts. Emerick also addresses the complexities of international trade, climate change, and the challenges Africa faces in achieving economic development amid global pressures.
In this wide-ranging preview of the US Presidential Elections, the former Director of African Studies at the US Army War College, retired Colonel Chris Wyatt dissects the latest polls; speaks about South African-born billionaire Elon Musk’s backing for former President Donald Trump; the implications for South Africa and AGOA should he return to the White House; the international implications of such a victory, particularly on the energy market and commodity prices - and why the Epstein client list and the P Diddy party invitee list may not be disclosed under either - or any - presidency. Colonel Wyatt also previews the upcoming election in Botswana where he says corruption has started creeping in - and where Former President Ian Khama has returned from exile to try and unseat his bitter foe - and former ally - President Mokweetsi Masisi.
Piet le Roux, CEO of Sakeliga, is pressing Agriculture Minister John Steenhuisen to withdraw Agri-BEE regulations affecting agricultural imports and exports. Leroux argues that applying BEE criteria in trade agreements penalises non-BEE farmers and violates international agreements, urging clarity from the government on its stance.
In this episode of the BizNews Briefing host Alec Hogg has three live studio guests - and a host of inserts from other knowledgeable observers. Subjects covered in this hour of power range from Tesla, Elon Musk's politics and finan cial African oil and gas projects through to A GNU challenge over BEE in agriculture and good news for the SA economy from Ray Dalio and the Freedom Index.
In this episode of the Sunday Show, United Independent Movement (UIM) President Neil De Beer, slams the way “the greater good” seems to be the reason certain politicians are not suspended or fired or arrested or tried or jailed. He delves into the cases of President Cyril Ramaphosa, Vice President Paul Mashatile, former President Jacob Zuma, and Economic Freedom Fighters (EFF) Commander-in-Chief Julius Malema. De Beer gives his take on the growing power struggle between African National Congress (ANC) Secretary General Fikile Mbalula and Gauteng Premier Panyaza Lesufi. He talks about another “Web Celeb”, this time Big Daddy Liberty, being appointed to the office of Democratic Alliance (ANC) leader John Steenhuisen. And he warns that escalating violence between foreign Spaza shop owners and township residents could lead to anarchy.
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Michael Jordaan is Chief Executive Officer of Montegray Capital Pty Ltd. and one of South Africa’s true thought leaders. In this Biznews interview he shares his view on the state of the world. From the US election to the GNU and the South African economy. He also gives updates on the businesses he is involved in namely Bank Zero and Rain. Michael highlights his optimism for the coming decade. This is one not to miss.
This episode of the BizNews Briefing features a focus by the Financial Times on SA where political developments have turned positive; whipsawing of US Big Tech stocks - and studio guests Cornelius Zeeman (Fairtee) and Kobus Verster (Arcelor Mittal). The Briefing is hosted by BizNews editor Alec Hogg.
In a recent interview on BizNews Radio, Dr. Frans Cronje, chairman of the Social Research Foundation, provided insights into the public's perception of the Government of National Unity (GNU) in South Africa, approximately 100 days after its formation. He reported a significant uptick in support for the ANC, which has risen from 40% to 45% in voter preference, suggesting a potential return to over 50% if current trends continue. While the DA has also seen slight gains, concerns remain for smaller parties like the EFF, which has lost considerable support. Cronje emphasized that while both the ANC and DA appear to be performing well within the GNU, the future depends on the government's ability to deliver tangible improvements in citizens' lives. If they fail to do so, the shifting sentiments among moderate voters could open the door for a resurgence of more radical parties.
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In this episode of NewsWrap, Frans Cronje provides insights into the ANC, GNU and Gauteng; Warren Wheatley unpacks a controversial $75 million private equity deal involving the Springboks; BizNews reporter Asime Nyide gives the latest on the BHI Ponzi scheme; Cedric Soule, the Global Legal Counsel for Turkcell, gives an update on the Turkish telecoms company's ongoing legal battle with MTN; Bloomberg covers Kamala Harris's fiery Fox News interview and Minister of Sports, Arts and Culture Gayton McKenzie shares a wholesome, personal update.
A Supreme Court of Appeal judgment is expected soon in the appeal of a Gauteng High Court decision that South Africans alleged to have bribed foreign government officials are immune from prosecution in South Africa. That court decision is part of an ongoing case between Turkcell and MTN in connection with a GSM license in Iran. In this interview with BizNews, Turkcell’s global counsel Cedric Soule, details allegations of bribery and corruption against MTN to overturn a public tender that it lost for a multi-billion-dollar opportunity to run the Iranian GSM telecom license. “MTN, not happy with having been a runner up, decides to meddle and inserts itself in these negotiations by secretly talking to the Iranian authorities, promising all kinds of things. We say they promised weapons, sort of introductions to weapons companies. They promised to lobby the South African government so that the South African government would take a different position on Iran's nuclear program. And we also allege that MTN paid Iranian and South African authorities bribes... So the judgment of the Supreme Court of Appeal that we're expecting has pretty serious implications, we believe, because it will, we think, set the stage for how bribery and corruption are dealt with in South Africa for years to come.” Turkcell is seeking $4 billion in damages.
In a time when the sale of the Springboks to foreign investors has sparked outrage, Altvest’s Warren Wheatley suggests a bold alternative—democratizing ownership of South Africa's beloved rugby team. Through private equity for citizens, players, and fans, Wheatley envisions a deal that could preserve national pride while allowing local participation in the Springboks' commercial success.
In a detailed interview, Frans Cronje of the Social Research Foundation discussed South Africa's shifting geopolitical alignment. With global powers vying for influence, public opinion leans towards Russia and China, though the West still dominates economic impact. Cronje warned of the dangers of misjudging the nation's strategic importance. Cronje spoke to BizNews editor Alec Hogg.
In this episode of the BizNews Briefing host Alec Hogg welcomes studio guests Piet Viljoen and Walter Aylett for their insights into the latest business news.
In this episode of NewsWrap dramatic developments as authorities freeze the business operations of Banxso, sponsors of DDP and Bafana Bafana; Ian Cameron’s successor rates the new Police Minister; Bernard Swanepoel on mining’s bromance with Gwede; Kokkie Kooyman’s good news on companies investing in SA; and Nasdaq investors warm to Karooooo.
In this interview, Mark Satchel, CFO of Quilter, dives into the transformative role that technology is playing in shaping the future of wealth management in the UK. As Quilter embarks on a significant tech overhaul, Satchel discusses how these advancements are streamlining client experiences, improving operational efficiency, and driving growth in a competitive market. He also touches on Quilter’s strategic vision for the future, offering insights into how digital innovation is reshaping the financial services landscape, ultimately benefiting clients and advisers alike.
After over 100 days in the job, South Africa’s Police Minister Senzo Mchunu has been praised for “really taking on the senior management of the police” instead of attending funerals and saying “outrageous things” like his very unpopular predecessor Bheki Cele. His good report card comes from civil rights organisation Action Society’s Juanita Du Preez. However, she is not handing out any stars to Justice and Constitutional Minister Thembi Simelane, who is also fighting corruption allegations. Du Preez says that cases are staying on the court role for even longer now. She also comments on some of the shock findings in the Auditor General’s latest report on the South African Police Force. Among these is that it takes between eight and 35 minutes for the 10111 number to be answered - if it is answered at all. She further laments the exodus from the police of experienced detectives who cannot possibly manage loads of between 300 and 400 cases each.
In an insightful interview, Karooooo CEO Zak Calisto discussed the advantages of being listed on the NASDAQ, the company’s innovative logistics strategy, and its focus on enhancing e-commerce capabilities. He highlighted the role of artificial intelligence in operations and emphasised the importance of attracting the right talent for sustained growth. Calisto spoke to BizNews editor Alec Hogg.
In today’s BizNews Briefing, industry heavyweights Bernard Swanepoel and Kokkie Kooyman share their insights on the key sectors driving South Africa’s economic recovery. The discussion covers positive developments in mining, the evolving banking landscape, and the opportunities presented by and cement makers. They also explore the role of public-private partnerships in boosting infrastructure development - and the growing interest of foreign investors. Also, the freshest news from Wall Street with particular emphasis on the sharp reverse in the share price of ASML - and a very positive outlook from SA-based, Nasdaq-listed Karooooo. The BizNews Briefing is live-streamed daily on BizNews Radio from 7am.
A rather different picture of under-fire agriculture minister John Steenhuisen emerges in this interview with Grain SA chairman Derek Mathews. Steenhuisen has attracted considerable media criticism surrounding appointment in his new department, including from the BizNews tribe’s favourite columnist, RW Johnson. But Mathews, a four-decade, fourth-generation farmer from Lichtenberg, says at ground level, the view is very different - Steenhuisen is regarded with great affection, proving adept at delivering concrete results for a sector that believes it has been long neglected. Mathews spoke to BizNews editor Alec Hogg.
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In this episode of Newswrap from BizNews, organised agriculture backs new minister John Steenhuisen; AA’s stirs up resistance to Lusufi’s R120bn Gautrain expansion; Magnus Heystek likes local property - even in Gauteng; Fedgroup upbeat on SA economic rebound; Nobel prize-winning economist Simon Johnson on the impact of the US election; colonisation and corruption.
Independent financial advisor Magnus Heystek has adjusted his once pessimistic view on all things South African - and is decidedly excited about pockets of the local investment landscape. He explains his latest thinking to BizNews editor Alec Hogg.
The Automobile Association (AA) has slammed the Gauteng provincial government for wanting to spend R120 billion on extending the Gautrain service. In this interview with BizNews, the AA’s Layton Beard points out that billions of Rands of Gauteng taxpayer’s money has already been paid to the operating company Bombela since 2012 through the Patronage Guarantee “due to the actual revenue and ridership being significantly below the minimum required total revenue projections”. The expansion plan was announced by Premier Panyaza Lesufi despite the MEC for Finance and Economic Development, Lebogang Maile’s recent warning that the province is on the brink of potential bankruptcy because of its commitments, among other things, to e-toll debt.
Alec Hogg and Paul Counihan of Fed Group explored South Africa's evolving political and economic landscape. Counihan expressed optimism about the country's future, highlighting the role of the government of national unity in fostering collaboration and stability. He emphasised the importance of energy security and fiscal discipline in attracting foreign investment. With a focus on impact farming and renewables, Counihan believes these sectors can yield stable returns. The conversation underscored the necessity of telling a compelling narrative about South Africa's recovery to build momentum and encourage both local and international investment.
In this BizNews interview, Alec Hogg speaks with Warren Wheatley, founder of Altvest, on the company’s recent listing on the Johannesburg Stock Exchange. Wheatley discusses the strategic shift from the Cape Town Stock Exchange, the company's partnership with EasyEquities, and upcoming exclusive investment opportunities, including offshore ventures. He highlights Altvest’s mission to democratize private equity and create wealth-building opportunities for South Africans.
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This episode of the BizNews Briefing features UIM President Neil de Beer on the late Tito Mboweni as well as President Ramaphosa's Phala Phala scandal; AltVest founder and CEO Warren Wheatley discusses developments with the company; Alec Hogg speaks to Calgro M3 CEO Wikus Lategan; our partners at Bloomberg report on Elon Musk's successful SpaceX launch; plus today’s market commentator, Andrew Vintcent from ClucasGray. On Mondays, the BizNews Briefing is hosted by Nielsen Network CEO, Bronwyn Nielsen.
Despite a 10% drop in share price due to a slight revenue decline, Calgro M3 emphasises long-term profitability and diversification into memorial parks. Group CEO Wikus Lategan, highlights in this interview with Alec Hogg, strong gross profit margins and the memorial parks' role in mitigating cyclical risks while ensuring stable cash flow in uncertain economic conditions.
In this episode of the Sunday Show, Neil de Beer of the United Independent Movement, explains why President Cyril Ramaphosa should face private prosecution over Phala Phala, and why Democratic Alliance (DA) leader John Steenhuisen should step back from his Minister of Agriculture position to focus on the leadership of his party. De Beer describes how gatvol he is of the politicians who have battled it out for control of Gauteng Metros. He further dissects the freshly-launched Constitution of former President Jacob Zuma’s MK Party, hails the departure of impeached judge Dr John Hlophe from the Judicial Service Commission (JSC) - and pays tribute to the former Finance Minister Tito Mboweni who died suddenly at the age of 65.
In this insightful interview, Fairtree portfolio manager Cornelius Zeeman discusses the firm's growth, their global investor base, and the challenges of investing in South African markets. He highlights the scepticism foreign investors have following the "Ramaphoria" era, emphasizing the need for sustained economic growth and policy certainty. Zeeman also shares views on opportunities in cyclical companies and the cautious optimism surrounding the mining sector. Zeeman spoke to BizNews editor Alec Hogg.
Equites Property Fund sees growth in logistics and warehousing sectors, driven by strong retailer relationships and rising e-commerce. CEO Andrea Taverna-Turisan emphasises the importance of logistics giants like DHL and DSV, highlighting the challenge Amazon's entry poses. Renewable energy and infrastructure efficiency remain key to future competitiveness. Taverna-Turisan spoke to BizNews editor Alec Hogg.
This episode of the BizNews Briefing features ActionSA leader Herman Mashaba on the DA and Gauteng; SARS Senior Manager Bernard Kruger on Crypto tax; Equites Property Fund CEO Andrea Taverna-Turisan; Mantengu Mining CEO Mike Miller; plus today's market commentator, Cornelius Zeeman from Fairtree Investment. The BizNews Briefing is hosted by Alec Hogg.
Mantengu Mining, under the leadership of CEO Mike Miller, is poised for transformation with the strategic acquisition of the Blue Ridge Platinum mine. Mantengu Mining, under the leadership of CEO Mike Miller, is poised for transformation with the strategic acquisition of the Blue Ridge Platinum mine. This deal represents a significant opportunity to unlock intrinsic value from distressed assets in a challenging economic landscape. Miller highlighted the plan to utilise Blue Ridge’s million-ton dump of high-grade chrome and PGMs, which could drive substantial production. By adopting a phased approach, Mantengu aims to revitalise the mine while prioritising local job creation and community empowerment. With support from stakeholders like the Industrial Development Corporation, Mantengu is focused on turning Blue Ridge into a profitable and sustainable operation. Miller spoke to BizNews editor Alec Hogg.
ActionSA leader Herman Mashaba has slammed the Democratic Alliance for “fear mongering” in its ongoing war of words over his party entering into a working relationship with the African National Congress in Joburg and ousting the DA Mayor from Tshwane with the support of the ANC. “The DA, unfortunately, the mistake that they're making is to think that they are the only people who governs and they must govern on their own…They negotiate like we live in a one-party state and military rule.” Speaking to BizNews following the election of an ActionSA Mayor in Tshwane, he expresses determination to turn the capital city around. “And I think this time around, having the ANC, provincial and national behind this….This will make it much easier…we are going to take advantage of this relationship to build one United South Africa, provide services to all the residents…We will want the residents to hold us accountable.” As for working with the ANC, he says: “…I really hope that they've got a wake-up call because if not, if they thought they were punished with a recent election, if they don't really turn around, they will be further punished.”
SARS is ramping up efforts to track cryptocurrency traders, warning South Africans that undeclared crypto profits will no longer go unnoticed. With around 5.8 million SA citizens holding digital assets, SARS has launched a compliance initiative using third-party data and AI tools. The voluntary disclosure program offers a way for non-compliant taxpayers to avoid severe penalties, but those flagged for audits face fines of up to 200%.
In a recent interview, Peter Armitage, CEO of Anchor Capital, discussed the potential for recovery in South Africa's investment landscape, emphasizing the resilience of local companies, especially in resources and technology. He noted the urgent need for reforms in education to address the acute shortage of accountants. Armitage also highlighted the growing appeal of Johannesburg Stock Exchange-listed companies, suggesting that sound investment strategies can lead to significant returns. Additionally, he cautioned investors about the implications of increased regulatory scrutiny on cryptocurrency, underscoring the importance of compliance and tax awareness.
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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 year to end August; Anchor Capital founder Peter Armitage on why he's not worried about Afrimat - and those among the SA Inc shares who could benefit most by the better national mood; plus Asime Nyide's cameo on the BHI Ponzi. The BizNews Briefing is hosted by Alec Hogg.
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 constitutionalism, economic growth, and the party's successful young leadership pipeline. Zille spoke to BizNews editor Alec Hogg.
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 prospects as market conditions and strategic decisions take hold. Van Heerden spoke to BizNews editor Alec Hogg.
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 financially devastated. Founded by Craig Warriner during the 2008 financial crisis, the BHI Trust operated for years, deceiving even experienced investors. As the fraud unraveled, key players like Warriner, Michael Haldane, and Sona Pillay faced the law, revealing a web of deceit, money laundering, and negligence. The fallout left investors questioning how such a massive scheme went undetected for so long.
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 whistleblower being represented by AfriForum’s Private Prosecution Unit. In this interview with BizNews, the unit’s spokesperson Barry Bateman says the whistleblower is “a very senior person” with “intimate knowledge of what Panyaza and senior officials in the department have allegedly been doing”. Bateman adds: “The buck has to stop somewhere. We say it stops at Premier Lesufi. We expect a letter from the Premier. We have written formally. We would like to see a response to our questions… Failing that, we will explore other avenues to hold the officials accountable. We have not ruled out approaching the courts…”
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 and global markets. He also covers key investment strategies, noting the importance of diversification and exposure to both tech and consumer-facing stocks in China, as well as long positions in US tech giants like Alphabet. Verster shares thoughts on the rand’s fair value, emerging market dynamics, and managing geopolitical risks through diversification and targeted investments in sectors like nuclear energy. Verster spoke to Nielsen Network CEO, Bronwyn Nielsen.
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 value opportunities in South African markets, particularly in property and consumer stocks. The show wraps with an update from SAPS whistleblower Patricia Morgan-Mashale and insights into defence sector challenges in South Africa from Neil de Beer.
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. Lotter spoke to Nielsen Network CEO, Bronwyn Nielsen.
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 diversified portfolio, remaining optimistic about South Africa despite political risks, and underscores the need for pure local exposure in investment strategies. Viljoen spoke to Nielsen Network CEO, Bronwyn Nielsen.
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 conventional wisdom and advocate for a more principled approach to navigating today’s complex financial landscape. Aylett spoke to BizNews editor Alec Hogg.
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 higher learning come under increased pressure from radical student movements that have sought to hold students at large hostage. And we believe that this result at Nelson Mandela University bodes well. The DA Students Organisation won 79% of all SRC seats that were available in that election. So it is indeed a landslide victory….. We believe this is one of many dominoes that are going to fall across the country.” Cassim explains why student politics has, over the past decade, played an influential role nationally. He also gives an update on provincial politics in the Eastern Cape, as well as coalition politics in the Nelson Mandela Metro where “dysfunctional governance and poor governance” are taking root.
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 to respond - and we will choose the time and the way to do it.” However, the ambassador says that the conditions for a World War “have not been created yet”. “I think that common sense will prevail. And those regimes like Iran that try to destabilise the world order, that try to bring more violence, to use terror as a tool to gain more political gains, I think that if we manage to prevent them from doing this and to block them, I think there would be no war.” Meanwhile, he describes the sombre mood in Israel on the eve of the 1st anniversary of the October 7 terror attack. He also deals with accusations that Israel is an Apartheid state, and dissects the clashing narratives about Israel’s war again Hamas, Hezbollah, and the clerical regime of Iran.
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 returns via ASX-listed Kinetiko Energy; welcome back into our commentariat star money manager Walter Aylett; and assess last night’s production numbers that dropped Tesla’s share price 5%. Plus more fresh business news you can use. Hosted by BizNews editor Alec Hogg.
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.
In a compelling analysis, political analyst R.W. Johnson examines the intertwining challenges faced by South Africa's Democratic Alliance (DA) against the backdrop of escalating geopolitical tensions in the Middle East. As South Africa grapples with its own political turbulence, including internal power struggles within the DA and pressures from the ruling African National Congress (ANC), the party's strategies become increasingly relevant. Simultaneously, Johnson highlights how global conflicts, particularly in the Middle East, influence domestic issues such as economic stability and social unrest. This dual lens reveals the complexities of South African politics, illustrating how external geopolitical dynamics can reverberate through national political landscapes, shaping the DA's responses to both local challenges and broader international concerns.
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South African ratepayers are in despair as mayoral musical chairs and coalition dramas have led to chaotic governance in many a metro. In this interveiw with BizNews, Marius Roodt of the Institute of Race Relations (IRR) says it is time for governance in the metros to be taken seriously. He dissects the removal of the Democratic Alliance’s Cilliers Brink as Mayor of Tshwane, as well as ActionSA’s working arrangement with the African National Congress in Joburg. However, he also explains why stability in city governance is not dependent on Government of National Unity agreements being binding on lower levels of governments. “I don't think it's all that healthy for the DA and ANC to sort of become some kind of mega party which has big majorities across the country.” Meanwhile, Roodt shares some of the recommendations the IRR is currently developing for the stabilisation of municipal government.
In this interview with David Bacher, the Chief Investment Officer of Corion Capital discussed the impressive performance of South African investments in September. Highlighting strong gains in equities and bonds, Bacher attributed much of this success to a recovery in the Chinese market following significant stimulus measures. He expressed concerns about the Reserve Bank of South Africa's decision to cut interest rates by only 25 basis points, suggesting it missed an opportunity for greater economic stimulus. Bacher also addressed ongoing challenges, such as Eskom's potential price hikes, while emphasising that many companies are working to become more self-sufficient. Looking ahead, he forecasted a period of volatility due to geopolitical tensions, particularly in the Middle East, but maintained a positive outlook for South African assets, favouring financials and domestic-focused stocks as the market continues to recover. Bacher spoke to BizNews editor Alec Hogg.
Details accompanying the Capitec results released today shows the one-time challenger to what used to be SA’s ‘Big Five’ now banks over half South Africans aged between 20 and 60. And with yet another set of breakout earnings in the half year to end August, Capitec continues vigorous expansion at a time its rivals complain about sluggish economic growth. CEO Gerrie Fourie shares some secrets of the Capitec success with BizNews editor Alec Hogg.
In this episode of the BizNews Briefing, Captec CEO Gerrie Fourie shares some of the group’s secret sauce (another stonking set of numbers released today); Magnus Heystek on a 30-year ban for the duo who owned large brokerage Local & Global, facilitators of the BHI ponzi; the FT on how improving Chinese manufacturers threaten everyone else; rising star of political analysis Makone Maja on the GNU; and The Economist explains why luxury gyms are booming ($40k a year membership anyone?)
In this interview, a rising star among political analysts, IRR campaign manager Makone Maja, unpacks the latest developments in the ‘spectator sport’ that is SA politics. She reckons ActionSA’s leader Herman Mashaba’s approach reflects an inability to appreciate how tired Gauteng voters are of the governance instability wracking their Metros. She spoke to BizNews editor Alec Hogg.
In the past year, South Africa’s Financial Sector Conduct Authority (FSCI) has debarred 156 people from the industry. In this interview with BizNews, investment strategist Magnus Heystek of Brenthurst Wealth comments on these debarment orders, including the 30-year-ones served on Michael Haldane - who is on bail on charges of fraud and money laundering in connection with the BHI Trust Ponzi, and his colleague Mauro Forlin. “…it looks like the FSCI has thrown the book at the guys that were involved in the BHI Trust…to debar someone for 30 years is effectively…a life sentence. In effect, they'll never work in the industry again. And I think it reveals that the BHI Trust and the individuals involved in that…were very naughty guys. They've been stealing and siphoning money for many, many years. And I'm just surprised that it took so long for this scheme to be exposed.” Heystek also speaks about how financial regulation has improved dramatically over the past decades, but says the financial system is under pressure to improve it even more because “as we currently speak, many institutions are very hesitant to deal with South African money”.
Former Leader of the Opposition Mmusi Maimane says he’s loving getting into the guts of the governing structure though his chairmanship of the Appropriation @ Committee. In this interview with BizNews editor Alec Hogg he looks at how much Parliament itself has changed - and while hopeful, warns that politicians are courting extreme danger when allowing what went on in Tshwane, where he says they have put the settling of scores above serving the people.
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This episode of the BizNews Briefing provides an update on the two big news stories of the moment; the political manoeuvring in Tshwane, and the assassinations of Hizbollah leadership by Israel. We hear from Mmusi Maimane, Neil de Beer and Piet Viljoen on the implications of the collapse of the Tshwane coalition; and from the FT on what’s next for Hizbollah. Plus Johann Ferreira of InterCape, whose resistance to SA’s Taxi Mafia has generated global headlines; and Viljoen’s insights into York Timber and Renergen, which reported today.
Intercape CEO Johann Ferreira has fought an eight-year battle against the Taxi Mafia that has tried to extort him, stoned his busses, assaulted passengers - and killed one of his drivers. He has also fought an epic battle in the courts to force the authorities to act - and has won five cases so far. In this interview with BizNews, Ferreira predicts a landmark judgment coming up “where we have taken the Minister of Police, the Hawks, the Investigative Directorate, and we have said to them, you have to investigate and you have to make arrests. You cannot let 194 cases just disappear and be scrapped like many, many cases are scrapped in South Africa that leads to a dead end according to the police.” Recalling the killing of a driver outside his office, Ferreira vows: “I will not rest until justice is being brought forward and somebody is being held accountable. I'm not going to stop. Otherwise, I will be held accountable one day. You know, God's asking what have you done? What have you done? You've been in charge of this company. This man was in your service. What have you done? I'm not going to get that. I'm not going to get that question. Somebody else is going to get that question.”
After another week of political volatility on coalition level, United Independent Movement President Neil de Beer names the main contenders for next President of the African National Congress - and predicts SA will stay in the Government of National Unity if it is current International Relations Minister Ronald Lamola, who has “absolutely been schooled” by President Cyril Ramaphosa. However, he believes that if it is current Gauteng Premier Panyaza Lesufi - who is “on a major push to garnish as much power as he can” or Vice President Paul Mashatile “we are going to go in for a rough ride”. De Beer describes the ousting of Tshwane’s Democratic Alliance Mayor Cilliers Brink as “a constructed battle plan forged in the doldrums and cauldrons of the Lesufi cave to absolutely ensure that he and his clan, he and his faction,, take Gauteng”. He analyses the sabre rattling from DA Federal Council Chair Helen Zille at “her arch nemesis” ANC Secretary General Fikile Mbalula. De Beer also comments on Israel’s airstrike on the Hezbollah HQ in Beirut, and warns: “For the first time in a very long time this world is standing at the edge of a full-blown World War.”
ActionSA leader Herman Mashaba speaks to BizNews about the “dirty political environment” in which Tshwane Mayor Cilliers Brink of the Democratic Alliance was ousted. He says the DA leadership at national level has been doing “everything possible to even threaten” the African National Congress to do the deal with them in Tshwane. “…the DA is still trying everything in their books, including actually using blackmail…and…according to the ANC, they find this to really be totally unacceptable because when they formed the GNU, there were no discussions around municipalities.” Mashaba adds: “Perhaps they even still succeed because we've got 14 days to form a new government. If the ANC is going to concede to blackmail, it's up to them.” Meanwhile, Mashaba is pushing for Deputy Mayor Dr. Nasiphi Moya to replace Brink. “All the credits that Cilliers Brink is seen to be doing, actually, it's a result of our deputy mayor.” If everything goes according to plan, he does, however have this warning for the ANC: “You want to work with us, you work with us at your own risk if ever you want to continue corruption because no one is going to be protected from corruption, including ActionSA members.”
Veteran mining expert Peter Major explores the global commodities market, highlighting a surge in gold and renewed investor interest in mining stocks. With South Africa grappling with rising costs and regulatory burdens, Major stresses the need for government reforms to unlock growth. He remains bullish on gold and platinum, advising investors to be cautious stock pickers as demand rises but warns of ongoing challenges in navigating a complex, evolving market landscape.
In the final episode of the week, BizNews editor Alec Hogg shares insights from energetic new Home Affairs Minister Dr Leon Schreiber; Assesses the Tshwane mayoral vote with political analyst Dr Frans Cronjé and the UIM’s Neil de Beer; Deputy Minister Samantha Graham-Maré on Eskom; The FT and Kelvin Kemm on nuclear’s funding revival; Mining guru Peter Major; and Ari Kruger, director of Shakedown, Amazon’s first original SA movie.
The Democratic Alliance Mayor of Tshwane, Cilliers Brink, was today toppled in a Vote of No Confidence. In his reaction, Neil De Beer, the President of the United Independent Movement, says this is part of the strategy of African National Congress Premier Panyaza Lesufi. “And this, if you look at it as a stick of dynamite and you put the fuse, I will tell you today the first fuse was lit in the Joburg Metro a couple of months ago. The second one is now lit in Tshwane and I predict the third one, it's on its way to Ekurhuleni. It is my opinion, and this will have to be proved in the future, that no doubt Mr. Lesufi is putting his huge, huge card on the table for the national conference of the ANC in two years. I think you've got a faction rising.”
Prior to the 2024 national election Samantha Graham-Maré was fighting for power supply as Shadow Minister of Electricity. Following the election, she was appointed Deputy Minister of Energy and Electricty in the Government of National Unity (GNU). In this interview with BizNews, she speaks about her great working relationship with Energy and Electricity Minister Kgosientsho Ramokgopa and ESKOM Chair Mteto Nyati. She also shares the story behind over 180 days of no loadshedding; details the interventions still needed to ensure that South Africa is not plunged into darkness again - and says: "...everything we're going to be doing as a department will be focused on energy stability, but also on job creation, poverty alleviation, and making sure that this country moves forward and that we resume our position as the continent's leaders in terms of energy and industrialisation around the energy space."
It is now 88 days since South Africa’s Government of National Unity was formalised by appointing a multi-party national cabinet. The alliance’s longevity faced an acid test in today’s motion of no confidence in Tshwane executive mayor Cilliers Brink which carried by 120 votes to 87. Political scientist Dr Frans Cronjé provides context, explaining how the capital city councillor’s vote signals the first crack in the GNU.
In just 88 days since he was appointed South Africa’s Minister of Home Affairs, 36-year-old Dr Leon Schreiber has been operating at warp speed. In this update with BizNews editor Alec Hogg, Schreiber shares details on the numerous fixes that were introduced. He explains the results of “magnifying glass” attention to regulatory details. And is confident that the changes being implemented will facilitate a long-overdue tourism boom; resulting in a surge of digitally-enabled ‘nomads’ from rich countries and a work-visa regime that will reverse SA’s decades-long brain drain. Critically, all of this, he says, is being facilitated by politicians from differing backgrounds simply “finding each other” through the Government of National Unity.
South African comedy has moved beyond Leon Schuster slapstick to stand toe-to-toe with international standards, says Ari Kruger the director of Amazon’s first original South African film, The Shakedown. Kruger, who is the co-founder of Sketchbook Studios, wrote and directed the film, which is the first original South African film commissioned by Amazon. The other co-founder of Sketchbook is his wife, Julia Anastasopoulos, better known as SuzelleDIY, who portrays Natalia Diamond in the film. The Shakedown follows a broker entangled in an affair that leads to extortion, prompting him to seek assistance from his brother in the underworld. In an interview with BizNews Kruger said he is inspired by real life, particularly by South African characters found in the underworld. He said he sees “South Africanness as our currency” expressing hope that a global audience would find the film interesting. With the backing of Amazon, Kruger benefitted from a larger budget and creative collaboration that introduced an “international way of working.” The streaming giant has, since the making of The Shakedown, retracted from the South African market, but Kruger is optimistic that they would come back.
For the past dozen years, Brenthurst Wealth founder Magnus Heystek has (correctly) been consistently bearish on South African assets. In this interview with BizNews editor Alec Hogg he explains why things may be turning - explaining that the bullish mood among locals could spark global capital inflows.
This episode of the BizNews Briefing covers the major news events of the moment, moving from the impact of the Chinese stimulus package to surging SA commodity shares and continuing tensions over Stellenbosch University Council's decision to close the historic Wilgenhof residence. It is hosted by BizNews editor Alec Hogg.
Residents of Wilgenhof at Stellenbosch University are in “despair” following the decision to close down the residence following an investigation into two rooms used by an internal disciplinary committee. In this interview with BizNews, Nicola Theron, a spokesperson of the Association for the Advancement of Wilgenhof Residents, speaks about the ultimatum given to the SU Council to not implement the decision of 16 September to close Wilgenhof in 2025. Should no such undertaking be given, the Association will turn to the Western Cape High Court to obtain an urgent interdict to keep the residence open. She says: “…this can't be a rational decision either if one thinks about the psychological and the trauma impact on these, what are essentially children really; they are young adults, but they are children.” Theron describes how the current Wilgenhoffers celebrated Heritage Day “amidst this feeling of gloom and disappointment...it's really despair...a deep disillusionment with the university environment, which I think they expected to be nurturing in terms of education, nurturing in terms of their duty of care. And I think they feel abandoned really by the university."
At the BizNews Investment Conference BNIC#1, fund manager Sean Peche sounded the alarm on overvalued US stocks and revealed where smart investors like Warren Buffett are hedging their bets. Highlighting the excessive hype around companies like Nvidia and Apple, Peche emphasized the need to diversify into underappreciated sectors, from European banks to emerging markets. In a Q&A session, he urged caution, stressing that familiar names don’t guarantee safety, and savvy investors must look beyond the US to find true value in today's market. Peche's candid insights left attendees reconsidering their portfolios and eyeing global opportunities.
South Africa was abuzz yesterday following reports of a meeting between South African-born billionaire Elon Musk and President Cyril Ramaphosa in New York. Footage released by the Government Communication and Information System (GCIS) captured the two engaged in discussions in Ramaphosa’s hotel room during his attendance at the United Nations General Assembly. According to the Presidency, the talks centred around investment opportunities in South Africa. Prof. Theo Venter, a political analyst from the University of Johannesburg, told Biznews that the dynamics of Ramaphosa’s visit to New York shifted after the Musk encounter. Instead of focusing primarily on the international court case involving Israel and Palestine and the transformation of the Security Council, the meeting with Musk took centre stage. Venter emphasised that if a breakthrough on Starlink for South Africa is achieved, it could open up “Musk’s financial muscle to be more prevalent in South Africa in the future.” Additionally, Venter pointed out that this engagement with Musk could be strategically beneficial for Ramaphosa, given Musk’s backing of Donald Trump in the U.S. presidential elections.
South Africa’s GCIS has released footage of an extremely friendly engagement in New York between President Cyril Ramaphosa and the world’s richest man, SA-born-and-bred super entrepreneur Elon Musk. BizNews UK correspondent Linda van Tilburg has been following the story and explaining its significance. She spoke to BizNews editor Alec Hogg.
In a recent conversation, Alec Hogg interviews David Shapiro about the current optimism in American markets, where the S&P and Dow have reached record highs amid falling interest rates. Despite this bullish sentiment, David highlights lingering skepticism about the economy, driven by political narratives and the aftermath of COVID-19. He predicts that interest rate cuts will stimulate consumer spending and revive sectors like housing, while banks stand to benefit from improved economic activity and potential mergers and acquisitions. David also discusses the challenges facing Europe and expresses caution regarding foreign investments in South Africa, reflecting on recent corporate governance issues. Observing consumer trends, he notes strong demand for new Apple products among younger buyers, ultimately encouraging investors to seize the moment and invest in the market.
In this episode of the daily BizNews programme, editor Alec Hogg taps into the hottest stories of the moment from an end date for loadshedding through to how former Group Five CEO Mike Lomas got sucked into corruption; plus the inevitability of the Big Four accounting firms splitting their businesses; to a potential nightmare for Google - and Neil de Beer on the Tshwane showdown.
In this Q&A session with the BizNews tribe, Eskom chair Mteto Nyati addressed critical issues surrounding South Africa's energy crisis, particularly focusing on the ongoing challenges of loadshedding. He reflected on the company's past struggles, emphasizing the need for a data-driven approach to enhance efficiency and reduce operational costs. Nyati acknowledged the complexities of leadership within Eskom, noting the importance of learning from previous management while prioritizing the identification and resolution of current problems. He also highlighted the commitment of Eskom employees to restore the utility to its former glory, underscoring a collective desire for positive change amidst a turbulent energy landscape. Nyati's insights offer a glimpse into future strategies aimed at stabilizing South Africa's electricity supply and rebuilding public trust in Eskom.
Mteto Nyati, Eskom chairman, discusses the challenges South Africa's power utility, has faced in addressing corruption, inefficiencies, and energy security. Nyati explains the steps Eskom has taken under the new board’s leadership, including the use of artificial intelligence and advanced technologies to monitor and manage both internal operations and external factors, such as coal delivery to power stations. The interview sheds light on how Eskom is tackling long-standing issues by leveraging data analytics and innovative solutions, aiming to ensure energy stability while addressing corruption within the company.
South Africa’s efforts to build a circular economy for post-consumer packaging are in the spotlight with the country’s most experienced producer responsibility organisation, Petco, and recycling partner Extrupet’s new PET processing facility that represents a first-of-its-kind technology for Africa. When it comes on stream in 2025, the facility housing the new R300-million project, will bring PET bottle-to-bottle recycling capability to the Western Cape for the first time - and will add an extra 15 000 tonnes per annum of food-grade recycled PET (rPET) output capacity. In this interview with BizNews, Extrupet joint managing director Chandru Wadhwani and Petco Marketing Manager Kara Levy share the details.
In his latest “Sunday Show” with BizNews, United Independent Movement (UIM) President Neil de Beer names the Flop of the Week & the Hero of the Week; tells viewers why Angie Motshekga is not competent to be Minister of Defence; hails the extradition of Mike Lomas on graft charges; previews the looming vote for - or against - Tshwane Mayor Cilliers Brink; slams the huge tariff increases ESKOM wants to inflict on consumers; explains why the growing crisis of extortion is economic terrorism; and warns that the “Faceless War” now being waged in the Middle East - where exploding pagers and walkie talkies caused carnage in recent days - could also reach individuals in South Africa. “…what will happen if there are certain targeted individuals, they leave the Middle Eastern area to go to other places like South Africa…; they are then going into our societies, yet those devices are still methodologies of war and what would happen if they explode them here?
Ace forensic investigator Paul O’Sullivan has landed another big fish in a six year investigation into a R1.4bn Eskom fraud. One of the key facilitators of the heist, former Group Five CEO Mike Lomas, today landed at OR Tambo after losing his case against extradition from the UK. Lomas’s return to SA will accelerate the State’s criminal trial against massive Eskom tender winner Tony Trindade of Tubular Construction and his internal accomplice, Kusile contract manager Frans Hlakudi. O’Sullivan spoke to BizNews editor Alec Hogg.
In this interview with BizNews Ian Cameron, the Chair of Parliament's Portfolio Committee on Police, lists the reason why he has written to Police Minister Senzo Mchunu to ask for a review of the appointment of Major General Patrick Mbotho as Divisional Commissioner: National Priority Offences in the Directorate for Priority Crime Investigation. Among the serious allegations against the general are that he posted various explicit and adult content to a Detectives Commander WhatsApp group on his official phone while he headed the Family Violence, Child Protection and Sexual Offences Unit; that he had meetings with individuals currently suspected of gang activity and extortion in the Western Cape; that he interfereed in criminal investigations and defeated the ends of justice. Cameron also gives an update on the other work of the committee which will tomorrow conduct an oversight visit to the Philippi Training College which “is renowned for corruption” - and where R114 million is alleged to be unaccounted for over a six-year period. And with the national Extortion Hotline going live tomorrow, Cameron shares details of the committee’s engagement with the police on the growing extortion crisis; gives his analysis of the latest crime figures - and slams the fact that that Vice President Paul Mashatile’s VIP bodyguards - who last year assaulted people next to the N1 - are still in service. However, he does have praise for the new Police Minister and his deputies.
In the last episode of its first week, BizNews Briefing covers today’s news that matters, ranging from how the Israelis created exploding pagers used by its enemies through to politics and business. The Briefing is hosted by BizNews editor Alec Hogg.
Ranmore founder Sean Peche specialises in finding cheap shares, often among the neglected small and medium-sized listed companies. He pays little attention to the ‘big news’ like the surprise 50 basis point rate cut from the US Fed, preferring to focus on areas where he can see opportunities to buy low and sell high. Freshly returned to his UK base from BNIC#1, Peche identifies the star of that show (Mteto Nyati) and uses the advantage of fresh eyes to compare annual results just released by Discovery and Remgro. He spoke to BizNews editor Alec Hogg.
Farmers in Southern Africa face numerous challenges, including water scarcity, climate change, fluctuating commodity prices, and pest management. To tackle these issues, the Southern African Agricultural Initiative (SAAI) has introduced AI Farmer, an innovative AI platform designed specifically for family farmers. This world-first, WhatsApp-based platform leverages vast amounts of data to provide timely answers to farmers’ most pressing questions. CEO Francois Rossouw said in an interview with Biznews that SAAI recognised the potential of AI technology after advancements in large language models, understanding its value in agriculture. With over 13,000 topics available, AI Farmer has already made a significant impact by addressing issues like a water contamination crisis in an Eastern Cape goat herd and helping vegetable farmers in Rustenburg access new fertilizers and seeds. The platform even identified a recent outbreak of foot-and-mouth disease through increased inquiries, alerting authorities before government agencies were notified. In collaboration with local partner Vectormind, AI Farmer is available in 83 languages to bridge the knowledge gap for small farmers. Rossouw cites the example of a demonstration in Malawi where the app provided a perfect answer in Chechewa. With too few experts available to reach small farmers, he emphasises that AI offers the potential to extend knowledge to approximately 570 million smallholders who cultivate about 24% of the world’s agricultural land.
Stanlib chief economist Kevin Lings says he now spends at least half his time researching what’s happening in the US - that’s how important the world’s biggest economy is for South African investment markets. In this interview with BizNews editor Alec Hogg, he unpacks why last night’s bigger-that-expected US rate cut is excellent news for SA and, together with other recent developments, may help trigger a reverse in the long-term outflow of capital from the country.
At the BizNews Investment Conference BNIC#1, Cy Jacobs, CEO of 36One Asset Managers, painted a promising picture for South Africa’s investment landscape. Emphasizing the country's renewed potential for growth, Jacobs highlighted key factors including government initiatives like Operation Vulindlela, Eskom’s improvements, and the evolving financial market. While cautioning against pessimistic media reports, he underscored a rising interest from global investors and opportunities in domestic equities. With a well-balanced strategy of local and offshore investments, Jacobs shared why 36One remains confident in South Africa's future amidst shifting market dynamics.
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
In a candid conversation with BizNews editor Alec Hogg, incoming BUSA CEO Khulekani Mathe discussed the recent breakthrough in talks with President Ramaphosa on National Health Insurance (NHI). While legal challenges loom, Mathe emphasised the importance of constructive dialogue and presented business-driven solutions aimed at bridging gaps and advancing universal healthcare without resorting to the courts
In his keynote session at BNIC#1 in Hermanus, Piet Viljoen reflected on both good and bad investments, emphasising how bad investments can cause significant losses, while "Lollapalooza" outcomes—extremely profitable investments—are rare but attainable. He suggested inverting investment strategies, avoiding bad decisions, and seeking undervalued opportunities like energy stocks or South African equities for potential Lollapalooza returns, highlighting past success stories like Naspers and Nvidia.
In this second edition of the BizNews Briefing, host Alec Hogg takes us through the business news of the day, markets and contributions from Kokkie Kooyman, Frans Cronje, Herman Mashaba and more
In this insightful interview, Kokkie Kooyman, a leading investment expert, offers a deep dive into the latest market trends and financial developments. From discussing FirstRand's robust performance and strategic moves to evaluating the impact of global and local economic shifts, Kooyman provides valuable perspectives on key investment opportunities. He highlights how companies like Capitec and HighProp are navigating challenges and seizing growth prospects, while also examining the effects of shifting consumer confidence and political dynamics on the market. Kooyman's analysis sheds light on the evolving landscape of banking and property investments, offering viewers a comprehensive understanding of where the smart money is headed.
ActionSA Leader Herman Mashaba is set to enter negotiations for an alternative municipal coalition government in the capital Tshwane - after leaving the Multi-Party Coalition with the Democratic Alliance. In this interview with BizNews, Mashaba states: “The only thing that is now left is whether ActionSA will be able to put together a new government with other parties that subscribe to our values of fighting corruption, focus on service delivery to the residents of Tshwane, and ethical leadership. If we can pass this, then we'll be able to really form a new government with other parties without the DA. But in the event we fail - because we are not going to go into an arrangement with other parties for the sake of going - we've taken a decision that come the 26th, ActionSA is happy and comfortable...to really be on the opposition benches.” While Mashaba stresses that he is not going to be “unreasonable”, he is also adamant that he is fully prepared to “walk away” in the event that parties don't agree. “I think the only thing I'm asking the ANC to do is that, guys, if you're going to co-govern with us, we've got to declare corruption public enemy number one. We've got to put in professional people to run our government. We've got to save all communities, suburbs, townships, villages.” As for the DA, he states: “…one thing that we want to make clear to South Africans is that the DA coalition in Tshwane can forget about getting the support from our councillors in Tshwane.”
In a compelling keynote session at the BizNews Investment Conference BNIC#1, Dr Frans Cronje offered a deep dive into South Africa’s Government of National Unity (GNU), unravelling its strategic importance and potential pitfalls. Cronje emphasized that the GNU’s strength lies in its coalition between the ANC and DA, aligning the aspirant and established middle classes. He highlighted key challenges such as radicalization and energy policy, cautioning that the success of the GNU will depend on navigating these issues effectively. Cronje’s analysis provides a crucial perspective for investors and policymakers looking to understand South Africa’s evolving political landscape.
President Cyril Ramaphosa has signed the contentious Basic Education Laws Amendment (Bela Bill) into law, which proposes various amendments, including giving provincial Heads of Departments greater control over schools’ language and admission policies. The Bill removes some decision-making powers from school governing bodies and is seen as a direct attack on schools that teach in Afrikaans. In an interview with Biznews, Theuns Eloff, chairperson of the Trust for Afrikaans Education (Trust vir Afrikaans Onderwys), said that Ramaphosa has, however, agreed to delay the implementation of two specific sections of the legislation—Sections 4 and 5—for three months to allow for further consultation. Eloff criticised the Bela Bill as a scapegoat for the government's shortcomings, highlighting that the real issue lies in the lack of newly built schools to meet the needs of a growing population in Gauteng. He noted that Gauteng Premier Panyaza Lesufi promised to construct 40 schools during his first term, but only four have been completed. Eloff also expressed discontent with the Gauteng Education Department's approach, which has involved sending officials to schools to measure up classrooms – including Hoërskool Waterkloof in Pretoria - and instructing principals to increase the enrolment of non-Afrikaans speakers. He said failure to reach an agreement could result in a prolonged legal battle, potentially leading to court cases that could take five years to reach the Constitutional Court.
In this debut edition of the BizNews Bulletin, host Alec Hogg takes us through the business news of the day, markets and contributions from David Shapiro, Mteto Nyati and more.
Some 27 years after they introduced business radio to the country, South Africa’s favourite stockbroker, Sasfin Securities’ chief global equities strategist David Shapiro, reunites with Alec Hogg in the debut of the new BizNews Briefing. Here’s the full interview, where Shapiro explains why he aligns with BNIC#1 keynote speakers Piet Viljoen and Cy Jacobs, who maintain JSE-listed small and medium-cap shares are the place to invest money today.
The skills shortage in the United Kingdom has created opportunities for South African businesses to hire and recruit staff locally and relocate them to the UK. According to Saskia Johnston from immigration specialists Sable International, the British government is particularly interested in entrepreneurs and tradespeople, especially bricklayers. “Why bricklayers?” you might ask. Johnston explains, “The average South African bricklayer lays about a thousand bricks a day, compared to the average British bricklayer who lays around three hundred.” Additionally, South African bricklayers can earn three times what they make at home. Cable layers are also in high demand. In an interview with BizNews, Johnston outlines the route entrepreneurs should follow to establish businesses in the UK, the challenges they may encounter, and the steps they should take.
In his latest Sunday Show with BizNews, United Independent Movement President Neil de Beer gives his take on the political dramas of the past week: Democratic Alliance leader John Steenhuisen’s failed blackmail attempt of President Cyril Ramaphosa over the signing of the BELA Bill, and having to get rid of his Chief of Staff; Deputy President Paul Mashatile’s public collapse, possibly because of food poisoning, and many ANC supporters clamouring for Gauteng Premier Panyaza Lesufi to take his place; the torrents of opposing sentiment unleashed by the death of former Public Enterprises Minister Pravin Gordhan and his controversial legacy. He also speaks about how Economic Freedom Fighters CIC Julius Malema is being politically slaughtered by former President Jacob Zuma’s MKP. And before he weighs in on the latest Presidential debate in the US, De Beer names the Flop of the Week and the Hero of the Week.
Pravin Gordhan, who passed away this week, was a respected ANC Cabinet Minister renowned for his battle against state capture and his two terms as Finance Minister. Tributes have poured in, highlighting his pivotal role in strengthening the South African Revenue Service against state capture, with whistleblower Johann van Loggerenberg dubbing him a “superhero.” In the heady days of the nineties, following Nelson Mandela’s release from prison and amidst the negotiations for a new Constitution at Kempton Park, Gordhan was entrusted to lead the Convention for a Democratic South Africa (CODESA) and the Transitional Executive Council (TEC), which set the stage for the country’s first democratic elections in 1994. Working closely with Gordhan at that time was Theuns Eloff, who served as the head of administration for the multiparty negotiation process. Eloff described Gordhan in an interview with Biznews as a principled negotiator and facilitator who understood compromise in order to reach the best solution. “There were three individuals during the negotiations who, behind the scenes and not in the public limelight, really made the process work: Mac Maharaj, Fanie van der Merwe, and Pravin Gordhan.” Regarding the criticism levelled at Gordhan over his handling of state-owned enterprises, Eloff said that what he accomplished during the negotiations and as Finance Minister overshadows “any rightful criticisms one might have regarding his time at Public Enterprises.” He concluded that Gordhan’s legacy is “largely positive.”
Action Society, the former home of crime fighter Ian Cameron, who is now the Chair of the Portfolio Committee on Police in Parliament, is continuing its fight for justice for victims and their families. In this interview with spokesperson Juanita du Preez, she describes how former Police Minister Bheki Cele was an “obstacle” in the fight against crime. Discussing the official crime statistics for between April and June this year when 6 228 people were murdered, she says “…we often say that it's a war zone or a bloodbath and we keep coming back to those. We are suffering to find new synonyms for that, but it is appropriate… I think the legacy of Cele, unfortunately, we will still see for quite a while.” However, the new Police Minister, Senzo Mchunu, “does seem like a better fit”. Du Preez lists the urgent reforms needed not just in law enforcement, but in the justice- and parole systems as well. Praising new Correctional Services Minister Pieter Groenewald for the measures he is taking, she says currently “40% of people out on parole just go out and re-offend…not just stealing an apple or something like that: serious crimes: murder, rape, sexual offenses…It’s just a pause before they can commit the next crime.” Meanwhile, she hails Cameron for bringing “urgency” to his new role.
ME Electmetal, a global mining supply company based in Chile, has acquired the Prima Foundry located in Benoni, South Africa, recognising the country’s potential as an investment destination in the mining sector. Eduardo Munoz, the Group Head of International Business told Biznews in an interview that the acquisition aligns with ME Electmetal’s strategic objectives to expand globally amid the rising demand driven by the electric vehicle revolution and the green economy. This economy will according to Munoz provide the mining industry with new opportunities. Elecmetal, he said was encouraged by South Africa’s drive for investment and the improvement of loadshedding, calling it “encouraging news for a new foreign investor.” He expressed optimism about South Africa’s future and said he was pleased by technical skills the company had found at the Benoni Prima Foundry. Elecmetal was planning to export the Prima’s products globally. Munoz reassured stakeholders that job retention is a priority.
A French multinational company has become embroiled in a third tender controversy, this time to produce “smart driving licence cards” at an inflated cost of R898,597 million - nearly double the budget. In this interview with BizNews Wayne Duvenhage, the CEO of the Organisation Undoing Tax Abuse (OUTA), describes how the findings of its investigation into the tender led to Transport Minister Barbara Creecy’s decision to refer it to the Auditor-General (AG) for further investigstion. The same company recently had its R115-million contract with Airports Company South Africa (ACSA) terminated. And there have been delays in its delivery on a Home Affairs contract. Meanwhile, more whistleblowers are coming forward with inside information on the latest tender awarded to the company. “So the more evidence we gather, the more we'll pass over to the Auditor General. Hopefully then to the police and what we're actually asking for the authorities and the Minister is don't only cancel this tender, find out who in your department is involved, have disciplinary hearings, fire them if need be and then don't stop there, have them charged for the criminal conduct that they have instituted.”
In this week’s Sunday Show with Neil de Beer, he dissects the coalition battles between the DA and ActionSA leader Herman Mashaba in Gauteng, where Tshwane Mayor Cilliers Brink is becoming “cannon fodder”, and between the FF Plus in the Western Cape where Corné Mulder “is not standing back and has decided to continue removing the DA out of power”. De Beer asks: “..what the hell is going on in the spirit of the GNU. Because everything that is happening on the top shelf is absolutely collapsing on the bottom end…it seems we're going for a full blown war in 2026 between the parties.” De Beer describes how ANC Gauteng Premier Panyaza Lesufi and Vice-President Paul Mashatile are positioning themselves towards the ANC elective conference. “…Lesufi is 100% making himself politically relevant. You can clearly see that Paul Mashatile is dreading either the knock of The Hawks or the people just staying calm so that he can take that seat.” De Beer also speaks about the battle for the soul of the judiciary with Justice Minister Thembi Simelane and former judge John Hlophe in the firing line. And PA Minister Gayton Mckenzie gets a thumbs up from him for his handling of a Parliamentary war-of-words with EFF CIC Julius Malema.
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Political scientist and chairman of the SRF, Dr Frans Cronjé, described SA’s post-election choices as taking the high road to prosperity or the Chernobyl Option. Three months on, the outcome most South Africans wanted is becoming ever more firmly entrenched. In this interview with BizNews editor Alec Hogg, Cronjé explains why the GNU is sustainable until at least next year - and identifies two significant obstacles thereafter, which, if surpassed, will define responsible governance for a generation.
In this BizNews interview, market expert David Shapiro breaks down the latest market trends, highlighting the surprising challenges faced by the telecommunications sector and the ongoing strength of luxury brands like Richemont. Shapiro shares key insights on why telecoms are struggling to maintain profits amid intense competition, while luxury goods continue to thrive despite economic turbulence. Discover what this means for investors and the future of these industries.
In Episode Five of the BizNews NewsWrap - a tale of two very different coalitions - Hersov on the GNU; Mayor Brink on Tshwane; plus Universal healthcare in SA IS affordable (Friedland); Political mergers (Zibi); Bringing plunderers to account (Trollip; De Beer); RIP Greg Krumbock; and the week’s news that matters.
Not quite a year and a half into recovery, the Tshwane Metro is again on the brink of descending into chaos. In this interview, Tshwane’s executive mayor, Cilliers Brink, unpacks why this is happening. He says the national leaders of Action SA, specifically its founder/president Herman Mashaba, are imposing their will on the party’s members in the capital city. Action SA, with 19 seats, is currently in coalition with the DA (69), Freedom Front Plus (17) and a few smaller parties in the group governing the 214-member council. Taken to its logical conclusion, Mashaba’s decision to withdraw Action SA from a functional alliance will re-introduce an ANC/EFF “doomsday coalition”. He spoke to BizNews editor Alec Hogg.
Political activist and commentator Phapano Phasha worked on the election communication strategy for MKP after resigning from the African National Congress (ANC), but didn’t join the party. In this interview with BizNews, she says many of the people who have joined MK ”are wounded…are running to the next best thing”. However, it is a “formidable force because unfortunately those who control the politics of this country haven't learned anything. They haven't learned anything from funding the president of the ANC. The ANC is as rotten and as bankrupt as before.” As for the Government of National Unity (GNU), she charges that it’s not “premised on any morality”. On the power held in MKP by former President Jacob Zuma’s daughter Duduzile, she says: “…you cannot touch her, neither can you question her”. As for why Floyd Shivambu left the Economic Freedom Fighters (EFF) to join MKP, she comments: “…he’s just saving his political skin. Whether he will survive, that's another thing”. Ultimately she believes that if capital invested in black talent, “we will see a different type of voter who does not run to a new party every season, but a voter who looks at the philosophy of a party, who looks at the meritocracy; if the party has the right people who can serve”.
In her first chat with BizNews since the election, Democratic Alliance (DA) Justice spokesperson Glynnis Breytenbach comments on Justice Minister Thembi Simelane’s alleged links to the VBS Bank scandal, saying: “…the issue is that it's untenable for her to continue as the Minister of Justice if there is in fact a matter being investigated against her.” She also gives an update on her party’s legal action to stop former Judge - and MKP MP - John Hlophe from sitting on the Judicial Service Commission (JSC). Meanwhile, she is pressing ahead with the proposed Anti-Corruption Commission Bill - despite President Cyril Ramaphosa signing into law the National Prosecuting Authority Amendment Bill, which makes the Investigating Directorate Against Corruption a permanent entity in the NPA. Breytenbach says the ID is not the “corruption-busting panacea that people want us to believe that it is.” As for the Government of National Unity (GNU) in which she now serves, Breytenbach says the African National Congress (ANC) is no longer “able to ram things through Parliament as they choose”.
ActionSA Leader Herman Mashaba has the country talking as the residents of the capital Tshwane are anxiously awaiting his call on a possible coalition with the African National Congress (ANC) - after it entered into a working relationship with the ANC in Joburg, and is eyeing a similar deal in Ekurhuleni next. Speaking to BizNews from New York, Mashaba describes how - when he became aware of the Democratic Alliance (DA) trying to get the ANC to work with it in Tshwane, and remove ActionSA, he realised he was dealing with “very dangerous people”. On the other hand, he says the ANC is committed to the two parties holding each other accountable. “I know I'm dealing with a DA that will stab me without any doubt. So I've got to protect myself. Let me try other options available to me. But one thing is certain… if I don't really protect myself from being eliminated by the DA, I've got to look at other options. They might not really be ideal, but at least they're not going to look me in the face, but stab me at the back.”
It’s been three months since entrepreneur and political activist Rob Hersov shared his perspectives with the BizNews tribe. He does so here with trademark frankness in a thoughtful interview with BizNews editor Alec Hogg. The straight-shooting canary in SA’s political coal mine shares insights gleaned from his own experience and wide range of contacts. As always, when Hersov talks - it’s a must-watch.
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Catch the recording of our recent discussion with Richard Haller from Sable International about Mauritius' residency-by-investment program as an alternative to Portugal's Golden Visa. Unlike Portugal, Mauritius requires a $375,000 property investment for residency, including the investor's spouse, children, and, recently, parents. The program offers flexibility, allowing for multi-family investments and no language tests or visitations. Richard explored the practicalities of living in Mauritius, including connectivity and lifestyle, and addressed concerns like "cabin fever" due to the island's size. The session ended with a Q&A on detailed queries about living and investing in Mauritius. For more information, visit https://www.biznews.com/residency-citizenship-investment-opportunities.
Maye Musk, the mother of South African-born entrepreneur Elon Musk, has established a scholarship to support students pursuing Master's degree studies in nutrition and dietetics at the University of the Free State (UFS). The initiative, aimed at addressing the critical issue of malnutrition, will partly fund two full-time master’s students researching the link between the effect of mother’s nutrition on the birth outcomes and growth of their newborn children. Prof. Corinna Walsh from UFS explained that Musk’s involvement stems from her understanding of the impact of nutrition on health and her efforts in promoting healthy eating. As an alumnus of UFS, Maye Musk’s journey in dietetics began with a hospital diploma, progressed through a bursary-funded master’s degree, and culminated in an honorary doctorate awarded in 2023. The $15,000 scholarship, allocated as $7,500 per student per year, supports these students’ full-time study. Prof Walsh highlighted that malnutrition in South Africa leads to high rates of stunting, affecting up to one in every three children—a condition linked to an increased risk of obesity later in life.
South Africa's Justice Minister Thembi Simelane is expected to appear before Parliament's Portfolio Committee on Justice and Constitutional development on Friday to be questioned over an alleged link to the VBS Bank scandal. In this interview with BizNews, ActionSA’s Parliamentary caucus leader Athol Trollip lists all the “red flags” in her case - and says: “She needs to be held to account in a court of law. That's the only place that's going to have any credibility.” He also gives an update on in-depth discussions over the coalition future of Tshwane. He gives the assurance that although “the people of Tshwane have found it very difficult working with the DA”, ActionSA is “not going to be pushed into a motion of No Confidence (in DA Mayor Cillier Brink) because the ANC wants to do it today so that they can get their hands on Tshwane”. Trollip also renews his call for lifestyle audits to fight corruption - and gives examples of cases that make it imperative for “a couple of tall trees to be blown over”.
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Netcare CEO Richard Friedland, a medical doctor himself, is urging the ANC to dust off its original Healthcare policy which was a workable alternative to a polarising and unaffordable NHI - which will cost the country an extra R500bn a year (21% VAT anyone?). In an address yesterday to the Hospitals Association of SA, Friedland reminded the nation of the ‘mandatory cover’ approach, which has been used successfully elsewhere, including widely in Africa. He spoke to BizNews editor Alec Hogg.
The one-time editor turned corporate executive and now political player has been a welcome addition to SA’s body politic. Through circumstances which were unimaginable just three months ago, Songezo Zibi chairs one of Parliament’s most important Committees - responsible for monitoring the trillions spent annually by the State. He spoke to BizNews editor Alec Hogg.
Legendary British manager Bill Shankly famously told the world: “Some people think football is a matter of life and death. I assure you, it’s much more serious than that.” For the South African nation, rugby plays an identical role. David Bacher proves the point in Corion’s analysis of investment markets in August - sharing a Bokke-based presentation relating top players with specific streams. He spoke to BizNews editor Alec Hogg.
In his weekly Sunday show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), gives his analysis of a wide range of controversies: the VBS Bank scandal that has spread from the Economic Freedom Fighters (EFF) - and by extension MK - to the African National Congress (ANC) Minister of Justice; the “Walking Dead” like Shabir Shaik who was released from prison for being terminally ill 15 years ago; the latest gun battles between the police and wanted suspects; leaked info on the Mpumalanga military training camp - and the discovery of one in the Western Cape; the increasing crackdown on illegal immigrants; the battle of Tshwane’s Democratric Alliance (DA) Mayor to hold on to his job while there is dissent in the ranks of ActionSA and a huge backlash against the party for wanting to oust him; the silence over SA’s “moer toe” SOE’s; and how old political foes - who used so much “vile and poison” against each other before the election - are now cozying up...
Rhodes University Management and the SRC today (Friday) marched on the Makana Municipality - as the university was forced to temporarily suspend part of its academic programme, including formal undergraduate lectures, tutorials, and practicals, amid severe disruptions to its municipal water supply. The campus has been without municipal water since Friday, 23 August 2024, and the university has had to provide water via tankers to kitchens, residences, academic buildings, and offices. Speaking to BizNews after the march, the university’s CFO Kamlesh Riga describes the magnitude of the crisis, and the effect it has had on individual hygiene, health, and study conditions. He also reveals the real reasons behind the lack of water supply, and lists the contingency measures the university has put in place at great cost.
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Join us for BizNews’ first investment-focused conference on Thursday, 12 September, in Hermanus, featuring top experts like Frans Cronje, Piet Viljoen, and more. Get insights on electricity and exploiting SA’s gas bounty from new and familiar faces. Register here.
A bumper episode features a spread of news on the political economy and business, seeded with developments on AI and the free speech debate - plus a cameo with a windswept mayor of the best municipality in the Western Cape. This weekly show is produced by the BizNews team, and hosted by editor Alec Hogg.
Among the 14 by-elections held on Wednesday, the DA won a critical vote in Tshwane’s Ward 92 thanks to support from partners in the Metro’s ruling coalition, which did not field vote-splitting candidates. But there was also a sharp warning for the Constitutionalists as the MK Party gave the ANC in Rustenberg Ward 45 - hundreds of kilometres away from its perceived KZN heartland. Freedom Front Plus Cape Leader Dr Corné Mulder provides the insider’s perspective on the results and other recent developments in SA’s fascinating political landscape. He spoke to BizNews editor Alec Hogg.
The United Kingdom has long been a favoured destination for South Africans seeking work or residency, thanks to shared language, time zones, and historical ties. However, according to JP Breytenbach from Breytenbach Immigration Consultants, the profile of South African migrants is evolving. “There is a significant increase in business migration, with companies aiming to expand into the UK as a gateway to Europe or the US,” he shared in an interview with Biznews. Many of these South Africans businesses feel they have reached a ceiling in their local markets or are tech entrepreneurs who believe their products are not yet viable in South Africa. This year, new UK immigration rules are set to take effect as the country seeks to limit net migration. These changes include increased visa costs and restrictions on care workers bringing their families to the UK. Despite these challenges, Breytenbach emphasises that there are still ample opportunities for South Africans looking to work, start businesses, or study in the UK, particularly in fields like accounting, plumbing, and electrical work, which remain in high demand. He also reminds South Africans currently residing in the UK to renew their biometric residence permit cards before they transition to an e-visa at the end of the year.
In this fascinating interview, the director of SA’s Free Speech Union Sara Gon examines examples of where applying that freedom landed protagonists in hot water - referencing Elon Musk and Pavel Durov and local examples Tim Noakes, Roman Cabanac, Chris Hart, Renaldo Gouws and Pretoria Girls High. Her suggestions are to identify yourself, take responsibility, and act respectfully, even if opposing ideas seem abhorrent. Ms Gon practised law for 17 years and is the head of strategic engagement policy at SA’s oldest think-tank, the prestigious Institute of RaceRelations. She spoke to BizNews editor Alec Hogg.
The chilling methods of South Africa’s cyber crime cartels and cyber criminals are laid bare by Tiaan Lombard, a cybersecurity and intelligence expert. Speaking to BizNews, he says: “If I want to gain access to, let's call it a banking system or a judicial system, whatever the case may be, it's a matter of entering into the bank, leaving a flash drive in the toilets with a key holder and a couple of keys on it that not identifies me and somebody somewhere is going to pick that device up and stick it into their computer. And at that moment, you are compromised.” He says such devices can be ordered online to commit cyber crimes. “These are done by highly, highly skilled, organised cartels that know that South Africa does not have the ability to stop this..”
Chemical engineer Simon Baloyi has made the ultimate Sasol journey - from bursary student to CEO. In recent years, Baloyi was part of the executive team faced with a plunging share price (R300 to under R20 in first three months of 2020) and the subsequent forced sale of assets to slash its excessive debt. In this interview with BizNews editor Alec Hogg, Sasol’s new CEO shows those lessons have been well learned: his priority is to build a bullet-proof balance sheet and ensure highly disciplined allocation of capital, an area where Sasol has not shone in the past decade and a half. It helps his cause that the Sasol board has tempered its ambitions - now prioritising local opportunities over the offshore Hail Marys whose massive cost overruns ran up huge debt. An encouraging story, a must-watch for millions of investors with direct exposure to South Africa’s coal-to-fuel and chemicals champion.
With the Government of National Unity having been in power for over two months already, BizNews asked Dr. Ina Gouws of the Department of Political Studies and Governance at Free State University for her impressions. She dissects the early achievements of the GNU as well as the coalition chaos at provincial and municipal level. She doesn’t think there's “a better strategist” than Vice President Paul Mashatile “in terms of moving himself and maneuvering himself into certain positions and being able to find himself in the right place at the right time for his own sake.” Analysing the defection of Economic Freedom Fighters (EFF) deputy president Floyd Shivambu to MK were he is now the National Organiser, she says” “His hatred that he displayed in Parliament of Jacob Zuma and what he's done seemingly disappeared at a moment where opportunity was given to him to maybe take up that position. And maybe he has ambitions to one day lead MK or lead this grand leftist progressive coalition to challenge the Government of National Unity…” Meanwhile, she feels it is just a matter of time before the African National Congress (ANC) “reigns in” the GNU-defiant Gauteng Premier Panyaza Lesufi. As for Herman Mashaba’s ActionSA getting into bed with the ANC in Joburg, she comments: “What they are willing to do on local level and willing to tolerate and willing to protect even for seemingly the sake of just keeping the DA out…”
Alec Hogg speaks with Dino Zuccollo, Director at Westbrook Alternative Asset Management, about their innovative Yield Plus fund. Discover how this fund offers attractive returns of 9% annually and the underlying mechanics that make it appealing, particularly for South African investors dealing with exchange control and currency fluctuations. Dino explains the power of compounding, the fund’s safety features, and its performance amidst changing UK market conditions. Whether you’re an investor looking for diversification or just curious about alternative investments, this conversation provides valuable insights into maximizing returns and understanding market dynamics.
In his latest weekly Sunday show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), talks about the looting that is being exposed by ministers in the Government of National Unity (GNU); and dissects the coalition battles on provincial and local level where, in some places, old foes of the African National Congress (ANC) - like ActionSA and the Freedom Front Plus - have shunned the Democratic Alliance (DA). De Beer also describes the “Rocky Horror Show” in former President Jacob Zuma’s MKP; discusses the likelihood of MK becoming the official opposition in the next election; and warns that should VP Paul Mashatile become President, “you are going to see fireworks in this country and change to the horrific sight that you have never seen”. De Beer highlights successes in the fight against crime, but expresses concern about a "massive" manpower drain from SAPS, as well as rumoured “massive” exits from the military - especially of Special Forces operatives. “...if we're losing these people, apparently to private contractors, to private security and apparently to political conclaves, we are in trouble.” In conclusion, he gives his take on Robert F Kennedy dropping out of the US Presidential race to endorse former President Donald Trump.
Catch the recording of our recent discussion on the latest 12B investment in the market—Decentral Green Energy 12B. If you're in the 45% tax bracket, this opportunity could be particularly beneficial, as Decentral can save 100% tax on contributed capital. This translates to R100 returned via tax savings for every R100 invested, supported by the National Treasury's tax incentive and a tax opinion from Webber Wentzel. Don't miss this chance to learn how to optimise your investments and maximise your tax benefits.
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In this insightful interview, David Frankel, a renowned tech entrepreneur and managing partner of Founder Collective, delves into his journey from the early days of his career to his pivotal role in propelling companies like Uber to global fame. Frankel shares valuable lessons on entrepreneurship, the importance of timing, and the challenges of navigating a capital-scarce environment. He offers a candid perspective on the ups and downs of investing, reflecting on both successes and failures, while also touching on broader issues such as wealth disparity and political polarization in the U.S. This conversation provides a rare glimpse into the mindset of a visionary who has significantly shaped the tech landscape.
The battle for the soul of the Comrades Marathon is not over - despite the crushing victory which runners achieved at the recent Special General Meeting in Pietermaritzburg. Pressure from those resisting demands for a clean administration has resulted in four resignations from the CMA board, including its respected chair and vice chair. Veteran competitor Barry Holland, who has finished 49 Comrades Marathons, the most of anyone, has been intimately involved. He says the situation is fast reaching a point where intervention will be required from Sports Minister Gayton McKenzie. He spoke to BizNews editor Alec Hogg.
In this episode escalating chaos at the MK Party after its founder exposes the fraudulent actions of the Zuma family; questions over the motives behind EFF co-founder Floyd Shivambu’s resignation from the party; teaser from the in-depth interview with swimming superstar Tatjana Smith; and why Americans are tiring of having to pay brazenly demands for ever higher tips.
SA’s home-grown global swimming champion Tatjana Smith was personally responsible for bringing home almost half the nation’s total medals won at the last two Olympic games, including both the golds. In this riveting interview, the just-retired 27-year-old reflects on a two-decade journey of commitment and focus, reflecting on what it takes to compete against and beat the best in the world. She shares the passion, patriotism, discipline, faith and dreams that drive her - and some uncanny co-incidences between the places of her triumphs and those of brother-in-law, Springbok captain Siya Kolisi. Tatjana and her husband Joel Smith spoke to BizNews editor Alec Hogg.
In this interview, Dean Macpherson, chairperson of the Democratic Alliance in KwaZulu-Natal and a minister in South Africa's government of national unity, discussed the significant challenges facing his department, particularly concerning ongoing corruption and organized crime, often referred to as the "construction mafia." This syndicate, which has infiltrated government projects across the country, is notorious for extorting money and stalling critical infrastructure developments. Macpherson emphasized the urgency of addressing these issues through transparent investigations and strict law enforcement, pledging swift action and accountability within his department. The minister also highlighted the importance of economic growth and job creation as key priorities, despite the challenges posed by entrenched corruption.
Political scientist RW Johnson exposes obvious parallels between the National Party’s Apartheid project and the ANC’s obsession with racially-based economic policies. Both had disastrous consequences - and required a radical re-think, fuelled by social unrest, before abandonment. The big question is whether Cyril Ramaphosa is able to adopt the radical change of an FW de Klerk or the timid, incrementally-based approach of PW Botha. Johnson spoke to BizNews editor Alec Hogg.
If you live overseas, earn income from South Africa, or reside locally while receiving funds from abroad, navigating taxation can be incredibly complex. William Louw, a tax specialist at Sable International, shared with BizNews that the South African Revenue Service (SARS) is changing its approach—now requiring submissions of returns that were previously unnecessary, as well as requiring historical returns. This has led to some South Africans facing double taxation, despite existing Double Tax Agreements (DTA) in their countries of residence. Louw noted that this issue isn’t limited to South Africa; globally, tax authorities are scrutinising whether tax credits are permissible under these agreements. He also said that SARS is closely examining the residency presence test, and potential changes might be on the horizon. An intriguing dilemma has arisen according to Louw for those contemplating a return to South Africa: currently, SARS lacks a clear mechanism for South Africans to reclaim their tax status.
After 10 months of war, ceasefire talks are on a knife edge in the Middle East, particularly with the heightened possibility of a regional war following the assassination of Hamas’ political leader in Iran. In this interview with BizNews, Israeli diplomat and international lawyer Daniel Taub says there are still 111 hostages in captivity in the Gaza Strip, “but the tragedy is that the price for bringing them home is not a simple one. It's releasing terrorists with blood on their hands”. He describes it as “an excruciating dilemma” but gives the assurance that “we are trying in impossible circumstances and with the clock ticking to try and come up with what is the most responsible answer, responsible solution”. Although Hamas didn't show up at the talks last week, Taub says the awareness that Hamas has been significantly degraded and is not able to get hold of weaponry and ammunition raise the hope that it “is now under pressure to reach a deal simply as its own lifeline”. Taub also speaks about how Israel views the future of Gaza; as well as its relationship with its biggest ally, the United States, and other countries in the Middle East.
In his weekly take on political developments, United Independent Movement (UIM) President Neil de Beer slams the “cabal of people now cohorting into a public political party (MK) in Parliament”. He describes Jacob Zuma, Brian Molefe, Andile Mngxitama, Siyabonga Gama, Floyd Shivambu, Dr. John Hlope, Lucky Montana, and Mzwanele Manyi as among “the most unscrupulous accused people that harm this country on all levels of State Capture, SOE collapse, and debatably the country's collapse”. “That’s your 10 Most Wanted poster right there.” As for the defection of Shivambu to MK from the Economic Freedom Fighters (EFF), De Beer says: “This was orchestrated, is orchestrated and planned.” Describing the battle to prosecute those fingered by the Zondo Commission, he points out: “We spent billions on the Zondo Commission, three years, more than 16 volumes and…some of them are sitting in MK.” De Beer also dissects the latest coalition dramas between the Democratic Alliance (DA) and other parties in metros and municipalities. He further gives his take on what Elon Musk might have gained from his X interview with former US President Donald Trump. And he analyses the bold moves to self-sufficiency by Burkina Faso President Ibrahim Traoré who has turned down help from both the West and the East.
The real founder of the MK Party, Jabulani Khumalo, is laying criminal charges against former President Jacob Zuma. In this interview with BizNews, he describes how a discovery during the past week has left him no choice. “So this will be the second case of fraud against President Jacob Zuma and his family because he is doing this because he thinks he's a God of South Africa or of the world, I don't know.” Khumalo goes on to reveal how MK has been hijacked by Zuma's cronies. “So I'm thinking that Zuma is now creating a cabal that is going to finish the country. Because if you put corrupt people together, what are you bringing? What are you doing?” Khumalo tells the full story of the founding of MK, how Zuma became involved, and how he reneged on a deal not to bring in “tainted” people. “…he agreed that if Umkhonto we Sizwe wants to move forward, we should be using people with good names, people who would want to work for the community, people who are clean, who are not going to cause us problems with all these corruption cases…But as we moved on, he brought in his daughter…his daughter started to be crazy and started making lots of problems within the organisation…I never registered (MK) for Zuma's cronies to come back and fight the State, to continue where they started looting.” As for Economic Freedom Fighters (EFF) Deputy President Floyd Shivambu joining MK, he says: “I don't believe - even in my sleep - that Floyd and (CIC Julius) Malema will ever be split. This could be orchestrated for us to be fooled and to lose the MK without knowing.”
Last night, the Comrades Marathon Association held an emotion-charged special general meeting in Pietermaritzburg to address widespread concerns among runners. Green number holder Rory Steyn invested R8 000 to attend in person. He reports on what went down at the three-and-a-half-hour SGM with BizNews editor Alec Hogg.
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 - and the real reason why Warren Buffett's Berkshire Hathaway sold 500m shares in Apple Inc.
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 that will never be repaid. Yet some excellent assets are still there to be grabbed - and sensing fatigue of shareholders, corporate vultures have been gathering. Corporate activist Dave Woolam shares the latest twist in the sorry saga with BizNews editor Alec Hogg.
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 deal. “…we are not going to be in a marriage of convenience… If they want to wait another month or so, they are the ones who are going to suffer. And we are not going to wait forever because if the City reaches a stage where it cannot really be turned around, we will not really participate…One thing for sure, I know that the voters of Johannesburg are going to punish them, punish them even further on what they've done in the previous elections.” Mashaba points out that ActionSA would not be able to hold the ANC accountable if it did not “take the Legislature”. However, should the ANC honour its undertaking, Mashaba shares a list of the programmes for immediate implementation. Meanwhile, giving an update on his party’s fight against illegal immigration, Mashaba vows: “…we’re not going to let the new Minister under this coalition arrangement to do what the ANC did over the last 30 years…open our borders.”
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 spoke in that wheel,” he says. In fact, says Williams, any party that gets into an alliance with the “divided and corrupt” ANC in the province will end up in an “unstable relationship because you don't know who to trust within the ANC”. He adds that the ANC doesn't even need ActionSA “to do anything” if the Economic Freedom Fighters (EFF) is on board. “So they could be playing off each other forever, at least until 2026 when the next election happens”. He also dissects the different factions in the ANC and describes how the connection of the “Alex Mafia” weaves through it all. While Williams believes that a working relationship between a “reasonable” ANC and the DA is the only way to start turning the City around, “we cannot get into bed with the ANC as currently constituted”. Instead, the DA will work toward gaining a commanding position in the 2026 municipal elections.
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 cash meant to be invested in sports development. A special general meeting will be held in Pietermaritzburg this week with its instigators intending to oust two of four board members accused of lining their own pockets. Comrades veteran and blogger Stuart Mann shared the story with BizNews editor Alec Hogg.
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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 talks to Duncan’s close friend and colleague, Shyft founder Arno von Helden.
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 has significant implications nationally in a country where laws are often excellent, but the practical application of them just terrible. He spoke to BizNews editor Alec Hogg.
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 very astute politician” and says his party - with its new partnership with the ANC - is positioning itself as an “alternative for future government”. He also has praise for Police Minister Senzo Mchunu who is “calm, cool, and very structured and collected”. As for the latest raid on a firearm training facility, he says there is no law that stops South Africans from being trained to protect themselves against criminals who are using “weapons of war”. Another Minister who gets his approval is Home Affairs’ Leon Schreiber who “actually understands” law and order. On the international front, De Beer looks at how the conflict in the Middle East has spilled over into Europe and the UK “where they have had the most brutal uprisings” - and warns: “And this is making the people across the world go, if this thing kicks off, this is going to be World War III.”
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.
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.” Giving an update on investigations into the illegal military training camp where 95 Libyans were arrested recently, he says: “The main issue here is that you are not supposed to give military assistance to foreign nationals who come from a country where there is instability.” He describes the line that is drawn between tactical training and military-style training. He also details how PSiRA sent a specialist team to the farm where one training facility was registered, but the other - several kilometres away - was not. “They sent the pictures back for us to make an assessment, and we beefed up the team with an additional investigation, and all other forces then ascended there, the South African Police, National Defense Force, Home Affairs…we actually shut down the training even before the arrest took place.”
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 trade at much admired SA Breweries. Peche also explains that investors should be paying close attention to Warren Buffett’s sale of half of Berkshire Hathaway’s Apple shares, previously its biggest single investment. He spoke to BizNews editor Alec Hogg.
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 40% of the national vote, structures that previously defined political opposition are not necessarily still fit for purpose. Mulder spoke to BizNews editor Alec Hogg.
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 exhibit greater determination, achieve higher pass rates, and possess valuable work experience. Morris also highlighted more affordable alternatives for students seeking their first degrees, such as attending UK university campuses in locations like Mauritius and Dubai. Despite the recent introduction of visa requirements for South African and Botswana students by Ireland, he emphasised that the United Kingdom remains a reliable international destination for students, even with a change in government. Sable International will host 15 to 20 universities from the UK, Australia, Canada, and Ireland at events in September across Johannesburg, Pretoria, Durban, and Stellenbosch, all eager to attract South African students.
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 Mayor Chris McPherson is the reason for the split. But the DA’s Oudsthoorn constituency head, Mandela Rhodes Scholar and former fintech entrepreneur Dr Mark Burke, says his party’s former ally has long been spoiling for a fight, and is using McPherson as an excuse. Burke says the split in the Western Cape town has implications for at least another eight municipalities in the province where the two parties are currently in coalition. He spoke to BizNews editor Alec Hogg.
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 in qualifying solar projects, leading to significant private sector involvement. Fieldgate and Culwick highlight the importance of viewing 12B investments as solid financial opportunities, partnering with reliable companies, and acting swiftly due to the finite availability of the 12B incentive, ensuring investors can benefit fully from tax deductions while supporting South Africa's energy infrastructure.
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 how the firm protected its clients from the wealth wipeout sweeping the globe. She spoke to BizNews editor Alec Hogg
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 to an attorney. In this interview with BizNews, she says: “…there's character assassination in order to gag witnesses, which I believe is what has happened to us. There are people being shot at and assassinated and murdered because people are trying to cover up truths that are out there. Now the retaliation that we've experienced - and which we believe is very politically motivated - is that we've uncovered something and we formed a view based on thousands and thousands of documents. And that view and the evidence that supports it is now turned as a smoking gun towards us because we are effectively the wrongdoers now and we need to be silenced.” Burger and Bradley Conradie - who still have not even been questioned by police and have not been told what the allegations against them are - have instructed their attorney to notify the State that they will be suing them for “huge” constitutional violations. Despite their treatment, they are continuing to support law enforcement in their investigations into the corruption at Fort Hare in the hope that at least some of those cases will be prosecuted in the future.
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” that Zille is calling the shots in the Government of National Unity (GNU).” Describing her as “tactically brilliant”, De Beer says she will “wag this dog's tail” - and is going to “wreckball them every opportunity she has”. As for the future of the GNU, he says: “Either the DA is going to dominate this and continually outwork, outshine, outmove, or the ANC is going to continually outmaneuver, outplan, outbreak, out demonize the continual efforts to bring this GNU to what we, the citizens of this country, are praying and hoping for, and that is a better life for all”. De Beer gives an update on the secret military training camp found in Mpumalanga recently, and dissects the reasons why the country’s intelligence services are “napping”. He also hails the formidable fightback against crime in KZN where people are now “thinking twice” before picking up a gun and shooting at the police.
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 discussed the importance of addressing inefficiencies and fostering private sector partnerships. His strategic approach aims to transform economic growth and job creation, making South Africa a more attractive destination for investment. The interview provides an insightful look into the government's plans to leverage AGOA's benefits while tackling pressing economic challenges.
In South Africa, families with children who have cerebral palsy face significant challenges in providing adequate care, often resorting to carrying them on their backs due to the scarcity of proper mobility aids. The Boikanyo Foundation, founded by Dion Herson, is dedicated to addressing this issue by providing renovated, specialised wheelchairs known as Boikanyo buggies for those with mobility difficulties. In a recent outreach programme in Seshego, Polokwane, the foundation successfully donated 67 buggies to children in need. In this interview with Biznews, Marilyn Bassin, the NGO’s founder told Biznews in an interview on how the foudation relies on the kindness of donors and about the generosity of the joy and independence these buggies bring to both children and adults alike. She also sheds light on the concerning lack of statistics regarding the prevalence of cerebral palsy in South Africa.
Former Comair and OneTime CEO’s autobiography ‘Crash and Burn’ provides a fascinating insight into a career in South Africa’s highly visible, ever-turbulent airline industry. In the book, a filter-free Orsmond rips the bandaid obscuring truth behind the spectacular collapse of 70-year-old airline Comair - and much more. BizNews editor Alec Hogg describes it as a riveting read and in this interview, hears more of the back story of a value-destructive industry from the man dubbed its second most hated person.
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In the debut episode, editor Alec Hogg provides context on the past week’s developments of relevance for the BizNews tribe.
In our regular wrap of the past month’s performance of investment markets, Corion’s David Bacher explains why history may show the past 31 days were a major watershed, with value-driven investments taking over from growth. He unpacks the implications of a Great Rotation, which would help South African equities and resources in particular and drop relative returns from the US’s Big Tech stocks, which have outperformed for some years. Bacher spoke to BizNews editor Alec Hogg.
Vinny Lingham discusses Bitcoin's different futures under Trump vs. Biden, predicting significant impacts on the cryptocurrency's value. He anticipates US interest rate cuts in December, criticizes South Africa's investment climate, and highlights his focus on conscious health and nuclear power as key investment themes, including fish farming with SeaTopia.
Riots broke out in Venezuela following the presidential election on Sunday. BizNews spoke to one of South Africa's election observers there. In this interview, Madala Masuku, the Deputy SG of the South African Communist Party (SACP), gives a detailed explanation of the election system that is both electronic and manual, and shares the observations from polling day. He relates how President Nicolás Maduro had given foreign observers the assurance that he would accept defeat if he was voted out. Masuku also speaks about the “political jealousies” in the country; the role of contesting foreign interests; as well as the devastation sanctions wreaked on the economy.
A not-guilty verdict was handed down today for South African Police Services (SAPS) Whistleblower Patricia Morgan-Mashale - after almost two years of threats to her life liberty. This after she had been accused of spreading false allegations, circulating WhatsApp messages, and defamation. In this interview with BizNews, she goes into the agenda behind her malicious prosecution; and goes on to reveal how SMSes to former Police Minister Bheki Cele about secret military training camps were deleted from her phone while it was with the police; and how she was blocked by Zizi Kodwa, during his time as Deputy Minister for State Security in the Presidency, when she tried to follow up on the info shared on the secret military training camps. She also speaks about how she blew the whistle on firearms - meant for destruction - being stolen by police officers and sold back to the black market. Having lost her job in SAPS, Mashale now plans to start her own Whistleblower and Anti-Corruption Foundation.
SA’s Government of National Unity faces a major stress test after oil major Total yesterday announced its exit from a highly prospective gas field off the Southern Cape coast. The French multinational and its partners had already invested R8bn in exploring the field, around 10% of the total investment to get a project of this size operational. JSE-listed company HCI is a 10% shareholder in the abandoned field. DA shadow minister James Lorimer has been regularly updating the BizNews community on SA’s oil and gas story. He explains to BizNews editor Alec Hogg how Total’s exit from the Brulpadda and Luiperd fields will cost the country at least R100bn in foregone tax revenues and calls for the cause - a dysfunctional PetroSA - to be urgently addressed.
In a fund-raising talk for Rotary in Hermanus last week BizNews editor Alec Hogg answers the pressing questions of the BizNews tribe.
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In this interview, OMBA’s Sean Ashton delves deeper into last week’s research report where he unpacked the relative appeal of investing in the traditional S&P500 index and its equally weighted cousin - explaining how it is essentially a call on the timeless debate of Growth vs Value. Ashton uses the example of superstock Nvidia to explain how there is no simple answer to the conundrum faced by investors right now. He spoke to BizNews editor Alec Hogg.
In a fund-raising talk for Rotary in Hermanus last week, BizNews editor Alec Hogg addressed how local and international investors have reacted to the results of Election’24 and the Government of National Unity. Cutting through the noise, he eschewed popular narratives in favour of hard data that explains a perception this has been the nation’s most positive change since 1994.
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South Africa has become the new gateway to terror. So says Neil de Beer, the President of the United Independent Movement. He spoke to BizNews after the arrest of 95 Libyan nationals at a suspected secret military training camp and the sanctioning by US authorities of an ISIS operative as well as a trainer based in South Africa. De Beer warns: “…we better wake up because if we don't, the absolute terror now being cast in Mozambique, without a doubt, the horrific deaths and killings in DRC are going to come to roost in this country. And it's not doom and gloom. It's not spreading fear…you cannot deny that South Africa is becoming a hub, a centre, a logistical conduit to terror.” De Beer explains how lack of action previously could be because of sensitive links between suspected terrorists and powerful people. However, De Beer has words of praise for new Police Minister Senzo Mchunu who he says “absolutely is a doer”.
The African National Congress (ANC) has acted like “they're powerful players on the African stage”, but South Africa “really irritates most” other African countries because “they're always sticking their noses in everywhere”. So says the former Director of African Studies at the U.S. Army War College, retired Colonel Chris Wyatt, who witnessed the intense dislike for Nkosazana Dlamini Zuma after she was “forced on” the African Union as chairperson. “She went up there and her arrogance…and the distaste people had for her was pretty palpable when I was in Addis Ababa. She was less popular than syphilis.” Commenting on this year’s spate of deaths of SANDF soldiers in the DRC, he says: “They're like lambs sent to the slaughter. They're being sent there with insufficient resources, improper medevac, no air support, insufficient logistics. It's something that South Africa should not be involved in, but it's all part of the egotistical foreign policy of the African National Congress...” He warns that the SA force is going to find itself “increasingly vulnerable to M23 and about a hundred other rebel groups who have all their own agendas and most of its criminal”. Colonel Wyatt also dissects the “war” between the DRC and Rwanda and explains why President Paul Kagame’s welcome mat in the US is “wearing thin”.
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Kimberly Cheatle - who has resigned as the Director of the Secret Service - following the failed assassination attempt on former President Donald Trump should be charged criminally for negligence, dereliction of duty, and also perjury before Congress. This is the call from Colonel Chris Wyatt, the former Director of African studies at the US Army War College. “She lied. She told us they had no video footage of any of the agents or any of the activity that took place that day. That was a bold-faced lie. This woman is part of a cover-up. Now, I'm not saying that the government tried to kill Trump, but there's a clear cover-up to cover the backside of an incompetent or malfeasant or negligent Secret Service.” As for President Joe Biden finally exiting the Presidential race, Colonel Wyatt says: “What they've done here is they've run a fake election for the past 18 months to defraud the American people when they knew full well that Joe Biden did not have the mental acuity or the health to be serving as President for another four years. He didn't have it for these four years.” He predicts that Vice-President Kamala Harris can’t beat Trump in a free and fair election, but warns that Trump has made a mistake by picking J.D. Vance as his running mate. “He brings in people who are not loyal to his inner circle and then they betray him.” Meanwhile, Colonel Wyatt fears for the safety not only of Trump, but of Harris and Biden too.
In an interview with BizNews, Magnus Heystek urges South Africa to embrace bold economic reforms, suggesting radical tax breaks as a key strategy to rejuvenate the struggling economy. Heystek argues that by adopting innovative policies, such as offering flat-rate taxes to attract high-net-worth individuals and businesses, South Africa could significantly boost its financial stability and growth prospects. Highlighting recent shifts in the political landscape and emerging optimism among investors, Heystek calls for a departure from traditional approaches and advocates for dynamic solutions to stimulate economic activity and counteract the country’s persistent challenges.
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As GG Alcock keeps reminding us, there a lot happening in areas ignored by the formal sector. In this interview he introduces us to the man introducing the auctioneering into South African townships, Tsitso Setai of Lokshin Auctions. Given wealth disparities and the way auctions turn one person’s unwanted into another’s prized asset, Setai’s business is uniquely positioned. GG and Lokshin Auction’s founder spoke to BizNews editor Alec Hogg.
Action SA founder and leader Herman Mashaba has shown pretty much anything is possible in South Africa’s new-look political arena. This week the man who has maintained a virulently anti-ANC stance, turned pragmatic by striking a deal with his avowed rival - in the interests, he says, of breaking the destructive stalemate in Johannesburg, the country’s largest and richest city. He argues that Action SA’s previously unthinkable arrangement with the ANC is in everyone’s best interests. Mashaba spoke to BizNews editor Alec Hogg.
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Join us for BizNews’ first investment-focused conference on Thursday, 12 September, in Hermanus, featuring top experts like Frans Cronje, Piet Viljoen, and more. Get insights on electricity and exploiting SA’s gas bounty from new and familiar faces. Register here.
South African swimmers and rowers have overachieved in recent Olympics, delivering the lion’s share of the nation’s few medal winners. Tokyo 2021 gold and silver medalist Tatjana Smith (nee Shoenmaker) leads the country’s 12 swimmers while 2012 gold medal winning John Smith is one of three SA rowers at Paris 2024. Insiders Wayne Riddin and Paolo Cavalieri tell BizNews editor Alec Hogg about the medal hopefuls.
The recent attempted assassination attempt on a SARS advocate and the still unsolved assassinations of liquidator Cloete Murray and his son who who had done work for SARS have shone the spotlight on the threats faced by SARS for going after organised criminals for tax evasion. In this interview with BizNews, SARS whistleblower Johann van Loggerenberg details the threats faced by investigators during his time at the Revenue Service. “It's either I'm going to bribe you, and if I can't bribe you, I'm going to threaten you. And if I can't threaten you, I'm going to make sure that you lose your job. And if I can't do that, then I'm going to hurt you or someone close to you. If I can't do that, and/or, I'll get rid of the evidence. And if that won't work, I'll kill you. And if that won't work, well, we'll just disassemble all of you. “Recalling the “fall” of the then enforcement component at SARS, he says: “We not only made enemies amongst criminals, but we made enemies amongst politicians, influential business people, organised criminals, organised criminal syndicates, and even people who were behaving or misbehaving or behaving badly among our friends in the criminal justice system and the intelligence service…” Van Loggerenberg says this is not a war that the country can afford to lose, and details the measures needed to fight it effectively.
Given recent news flow this is a highly topical interview featuring international expert Rory Steyn, co-founder of NSA Global Security Consultants. Best known to the public for his role as Nelson Mandela’s bodyguard, since leaving the VIP protection team in the late 1990s Steyn and his partners built NSA into a global leader in security management at major international sporting events including soccer, cricket and rugby world cups and the Olympics. In this wide-ranging interview he shares insights on unseen challenges at the Paris games; bringing Formula One back to SA; and the spate of assassination attempts here and abroad. He spoke to BizNews editor Alec Hogg.
“There is a scenario of a dark side within the GNU that is going to do everything possible to break this Government of National Unity.” That is the warning from Neil De Beer, the President of United Independent Movement (UIM). In this interview with BizNews, he reacts to charges that Democratic Alliance (DA) Federal Chair Helen Zille is acting like a “parallel” president and endangering the GNU. De Beer says a possible collapse of the GNU “is going to have to be something that will have to be discussed and I'm telling you right now, the DA, the Freedom Front, the IFP and all partners are absolutely also talking daily, in my opinion, about that scenario, which is the worst case.” De Beer also gives his take on President Cyril Ramaphosa’s opening address to Parliament; former Intelligence Minister Lindiwe Sisulu’s statement that basically everybody was bugged; as well as the growing threat of international criminal cartels which are “the kind of people that put heads on stakes and bodies on top of your house”.
To hire a hitman in South Africa has become “very cheap”, says Yusuf Abramjee of Tax Justice South Africa. According to his information, an assassin can be hired for as little as between R5,000 and R100,000. He speaks to BizNews following the attempted assassination of South African Revenue Service (SARS) Advocate Coreth Naude. “…clearly advocate Naudé - with a great track record in fighting crime and corruption and criminality - was targeted because she's hurting the pockets of people who have allegedly pocketed millions and millions of rands,” says Abramjee. The attempted hit has also been condemned by SARS Commissioner Edward Kieswetter with these words: “This shocking act is intended to intimidate officers of court to abandon the vital work they’re performing in furtherance of our country’s legal system.”
When President Cyril Ramaphosa made his last State of the National Address (SONA), the outraged reaction of Ayanda Allie of Build One South Africa (BOSA) went viral. Now a Gauteng MPL, BizNews got her reaction to his first opening address to Parliament under the new Government of National Unity (GNU). She says: “…this time around, we are of the view that the President has become a little bit more sober-minded, perhaps a little bit of humble pie helping him to assess the situation in the country better…” However, she warns: “…we need to make sure that, as Build One South Africa, we remain vigilant, and make sure that this is not just going to be a walk-in-the-park exercise of everybody just getting positions and getting paychecks and looking after their own bottom line and neglecting the citizenry. So our job becomes even more crucial as we're outside of the GPU, making sure that we hold various executives to account.”
In this interview with BizNews, veteran Democratic Alliance (DA) politician Jack Bloom takes viewers through the Gauteng premierships of Tokyo Sexwale, Mathole Motshekga, Mbhazima Shilowa, Paul Mashatile, Nomvula Mokonyane, David Makhura and Panyaza Lesufi. “Each ANC premier can only get worse. They might start off speaking about radical changes and spirit of renewal, and they're gonna do big things, but the mechanisms to do it get worse and worse because when you've got cadre deployment, cronyism, corruption - I call them the three Cs -over many, many years, your civil service is just completely neutered. You haven't got the instrument to do what needs to be done.” Bloom - who says the ANC is now trapped in a cage of its own making - shares the reasons why with only 35% of the votes, the ANC still controls 98% of the budget - and why it didn't want to share power with the DA. “The same old gang is in control…”However, the DA - which has 22 seats to the ANC’s 28 - has a game plan… “come budget time, they may have to do some serious negotiations or lose the budgets or lose their votes of confidence. Then we have to come to a more sustainable arrangement in the interests of this province.”
In an interview with BizNews, David Shapiro, a renowned market analyst from Sasfin Securities, shared insights on the potential resurgence of resource stocks amid global economic shifts. He highlighted optimism around platinum investments and discussed the evolving dynamics in luxury brands like Hermes and Ferrari. Shapiro also delved into the bond market's attractiveness amidst declining yields and speculated on the future of tech giants like Nvidia in investment portfolios. His perspectives provide a comprehensive view on current market trends and investment strategies amid uncertain global conditions.
In this interview with BizNews, Roy Jankielsohn, the Democratic Alliance (DA) leader in the Free State, gives an update on political developments in the province. He expresses the hope that with the arrest - and impending extradition from the US - of Ace Magashule’s former PA, that there will be convictions for corruption. He also details the findings of a Public Protector's report into the R6-million funeral for an MEC, in which a cap on State funerals is recommended. Another cause for optimism is the way national political developments have impacted the province’s politics where, for the first time since 1994, opposition parties have received chairpersonships of committees within the Free State Legislature. However, a huge concern remains cross-border crime, including human trafficking , drug smuggling, cattle rustling, and vehicle smuggling. But Jankielsohn has faith that the appointment of crime fighter Ian Cameron as Chair of the Portfolio Committee on Police in Parliament, will lead to improvements in law enforcement.
The United States House of Representatives has voted for a full review of US-SA relations, but retired Colonel Chris Wyatt, the former Director of African Studies at the US Army War College, says he does not believe the US will remove South Africa from AGOA because it is really just a “soft power foreign policy tool to win us good favour, give us access to places”. However, he says that South Africa should be “warned” that its conduct is detrimental to US national security interests. “South Africa has been getting a free pass for several years,” he says, listing the reasons why South Africa does not even qualify for AGOA . “And you know what? The ANC is welcome to do what they want, but this is a gift. They've gotten this far with their lifelong commitment to the PLO, to Hamas, to Hezbollah, to Iran, to Russia, to Communist China.” Colonel Wyatt - who observed the recent elections in South Africa - says he doesn't see the African National Congress “changing” - and doesn’t think there is anybody in any of the parties in the Government of National Unity (GNU) “that can actually influence” the party to change its foreign policies.
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Retired Colonel Chris Wyatt, the former Director of African Studies at the U.S. Army War College, has called for heads to roll following the failed assassination attempt on former US President and Presidential hopeful Donald Trump. “The Secret Service has failed in epic proportions…if not for windage, if not for the president turning his head at a certain moment, we’d be having a very different conversation today. It would be the murder and assassination of Donald John Trump. Fortunately, he survived. And what they've done is, they've guaranteed an electoral victory for Donald Trump in November. There's no way he doesn't win this race now.”
In this interview with BizNews, Neil de Beer, President of the United Independent Movement (UIM), speaks about the attempted assassination of former US President Donald Trump and the iconic photo of him pumping his fist with blood streaming down his face and the US flag fluttering behind him. “…this scenario, I can tell you now, is going to play off like an unbelievable movement of seismic proportionality, think, in the Trump favour.” Back in SA, he describes the leaked affidavit on corruption in VBS Bank as “a nuclear explosion” that could impact the futures of Economic Freedom Fighters Commander-in-Chief Julius Malema and his deputy Floyd Shivambu. He also reveals the plans of former President Jacob Zuma’s MK, saying: “And their next strike is to go for every municipality in this country in about 18 months when we start building up the 2026 municipal elections. Meanwhile, De Beer says their is a problem brewing in the Cabinet lekgotla because “if you look at the people sitting in that room, this is a festivity of people, not all of them, but people that have criminal intent, that have got an absolute diverse of ideology, and that are covering up.”
In a riveting interview, Sygnia Limited CEO Magda Wierzycka discusses her controversial views on ESG investing, emphasising the need for genuine impact investing. She highlights the importance of tackling global issues like food security, renewable energy, and healthcare innovation, particularly through ventures emerging from Oxford University. She discusses SA's new government of national unity and calls for DA chair Helen Zille to leave politics. Wierzycka also critiques the AI hype, calling for realistic expectations and innovations in chip technology. The conversation delves into challenges faced by South African innovators due to funding reluctance and explores promising investment themes, including cancer and obesity drugs. Hosted by Nielsen Network CEO Bronwyn Nielsen, this interview offers deep insights into responsible and impactful investment strategies.
SA Online tool StudyStart holds students hands on their education journey towards jobs
South Africa faces a significant skills mismatch. The graduate unemployment rate continues to rise, reaching 11.8% in the first quarter of this year, according to Statistics South Africa—an increase of 2.3 percentage points from the fourth quarter of 2023. Despite this, there is a shortage of skills in some professions. Thisthe issues that entrepreneurs Jason Adriaan and broadcaster Shahan Ramkisson want to tackle with their new education-focused platform called StudyStart. In an interview with BizNews, Adriaan explained that their online tool is designed to help students plan their educational and career paths. StudyStart offers a web-based application, optimised for accessibility on mobile devices. Jason emphasises the need for vocational training options alongside traditional university routes, noting the importance of various skill sets in the job market. He also highlights the challenges startups face in South Africa, including tax burdens and slow procurement processes with large corporations. Their goal is to effectively bridge the skills gap and reduce unemployment in the country.
Iconic crime fighter and MP Ian Cameron - who was elected unopposed as Chairperson of the Portfolio Committee on Police in Parliament - tells BizNews viewers how the committee will function to ensure accountability, and lists his priorities as chairperson. Cameron - who had a very hostile relationship with former Police Minister Bheki Cele - also hails the new Minister, Senzo Mchunu, as somebody that listens. He has words of hope for under-resourced police officers, as well as crime victims whose cases have been taking too long to investigate.
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Join us for BizNews’ first investment-focused conference on Thursday, 12 September, in Hermanus, featuring top experts like Frans Cronje, Piet Viljoen, and more. Get insights on electricity and exploiting SA’s gas bounty from new and familiar faces. Register here.
There has been outrage in some circles over the National Assembly’s decision to designate as members of the Judicial Service Commission and Magistrates Commission, MPs “who have previously been found guilty of misconduct or have been criticised by courts for ethical breaches, such as Dr John Hlophe and Ms Faith Muthambi”. In this interview with BizNews, Mbekezeli Benjamin of Judges Matter says: “So for us, it is ironic and it is really inappropriate for the people who are scrutinising lawyers to be judges and magistrates are themselves unethical or have been found to have been unethical. Parliament as a body was supposed to be careful and thoughtful in who it puts forward, especially when there are findings by the Judicial Service Commission that said that Dr. Hlophe was guilty of gross misconduct, which is the worst form of misconduct that a person holding judicial office can be found guilty of. They completely ignored those findings and they said he's suitable to sit on the JSC. So that is the argument that has been made and that case is being filed by the Freedom Under Law NGO.”
Explore the dynamic world of investment through the keen insights of Jean Pierre Verster, founder and CEO of Protea Capital Management. From navigating the evolving landscape of global tech giants like Nvidia and Tencent to uncovering opportunities in luxury goods and traditional industries such as Trigano, Verster's perspective offers a unique blend of strategic foresight and market wisdom. Join him as he discusses the shifting tides of international markets and the potential avenues for growth in an ever-changing economic environment.
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Investment strategist, Magnus Heystek, who is well known for his brutally straight forward views on the economy, has become a cautiously optimistic man. In this interview with BizNews, he shares the positive signs he has picked up from following all the economic indicators - and lists the priorities that remain to prevent a return to the edge of the abyss. “…after 10 years of saying things are bad, I'm saying things are starting to look generally a little bit better, provided the Government of National Unity sticks to its task and manages to cobble a coalition together and do the right things.” However, he adds this warning” “The danger is, of course, that there's a political fallout as some people have predicted, and the new government falls apart, then the risks are all back on the table.” Meanwhile, he has already invested in more property in South Africa…
Pavel Prigozhin , the son and heir of the late Wagner Group founder, apparently has South Africa on his radar. In this interview with BizNews, SA-Russia expert Professor Irina Filatova says “he's particularly interested in the political side of the affairs…the elections in South Africa, in Namibia, in Mozambique and Botswana.” And using private networks to manipulate social networks and influence public opinion is something his late father Yevgeney used to great effect in Africa. “So there's no doubt that if Wagner's companies, whether it is troll companies or military assistance or whatever, act in South Africa or Southern Africa, they would act in the interests of private interests of the company itself, and of course they would act in the interests of Russia. And many people think that interests of Russia are the same interests as South African interests,” Professor Filatova says. She points out that in almost every coup in West Africa, “there was somebody who was involved in that coup, who started in Russia or in the USSR…was close to the Russian interests”. Meanwhile, Prigozhin Snr has gone from “traitor” to “hero” in Russia, and is being “venerated” again after his failed coup there. Professor Filatova describes his rise to power from hotdog salesman to military strongman; dissects the secret of his success in Africa; and gives an update on current Russia-backed private military operations on the Continent where Western influence is waning fast.
The nation has lived through another week of alliance and dis-alliance politics in South Africa. In this interview with BizNews, Neil de Beer, President of the United Independent Movement, warns that “the biggest and largest instability within the GNU” is the African National Congress (ANC) that has cracked into three factions: that of President Cyril Ramaphosa, that of Vice-President Paul Mashatile, and the faction made up of the allies of President Jacob Zuma, whose MK Party is now the “real” opposition in Parliament. “The sentence you are now going to hear more and more in Parliament, more and more in this country from this RET and revolutionary faction is ‘Sell Out. Sell Outs’. And this…is what is going to be the make and break of the further split of the so-called mighty - but fallen - African National Congress.” De Beer also describes how the recent youth revolution in Kenya has “blown over here, not physically, but mentally” with people starting to say “be careful because if you continue selling out the country’s revolution of the fight against poverty, that Kenya and what happened there does not come here”. De Beer further gives his take on the collapse of coalition talks between the ANC and the Democratic Alliance (ANC) in Gauteng. He also gives a performance preview of some of the newly-appointed Ministers.
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Prepare to be uplifted by this interview with Sizwe Mpofu-Walsh, a fresh voice whose direct questioning and articulate commentary consistently ruffles the feathers of SA’s rich and powerful. An Oxford doctorate, award-winning book author, activist, rapper, university lecturer, potential soccer star, now trainee lawyer - creator of the mushrooming new media platform SMWX is clearly living a full life. His secret sauce? Healthy scepticism, a quality in short supply right now as a suddenly adoring media fuels the euphoria of a GNU honeymoon. Mpofu-Walsh spoke to BizNews editor Alec Hogg.
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Self-made entrepreneur turned politician Herman Mashaba shares some uber truths in this interview with BizNews editor Alec Hogg - including deep concerns about his predecessor as Joburg Mayor taking over the key Trade & Industry portfolio. The way Mashaba sees it, the T&I job is way beyond the competency of ANC stalwart Parks Tao whose mess Mashaba inherited in Joburg. That R35bn in corrupt deals which Tao either didn’t, couldn’t or wouldn’t see.
A ransomware attack on South Africa’s National Health Laboratory Service (NHLS) is delaying the processing of millions of blood tests and imperiling the lives of an untold number of people. BizNews speaks to Chris Bateman, a former long-time News Editor of the South African Medical Journal - after he was contacted by the Eastern European-sounding middleman of the “Black Suit” hackers. The “middleman” made dire threats if the NHLS didn’t enter into negotiation with the hackers. Meanwhile, a 12-year-old girl is dying in Groote Schuur Hospital because her illness can’t be diagnosed without a blood test. There have been similar attacks in countries outside Russia…which leads to the suspicion that the hackers are Russian.
Freshly returned from another bout of high pressure-negotiating, DA Federal Council chair Helen Zille unpacks what’s been going on in negotiations with the ANC on forming a provincial government in Gauteng. In brief: the ANC needs cabinet seats to satisfy its various factions, but the DA refuses to “help the Gauteng ANC fix its own problems” so is demanding a cabinet split reflecting voters’ will. Zille says unless her party it treated fairly, it will return to Gauteng’s opposition benches. Critically, whatever happens in this province has no bearing on deals already struck with the ANC at the national level and in KZN. She spoke to BizNews editor Alec Hogg.
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As President Cyril Ramaphosa’s new cabinet finds its feet, the question now is how it will navigate power-sharing dynamics after losing its parliamentary majority. Langelihle Malimela from S&P Global Risk told Biznews that he thinks President Ramaphosa is going to get “a lot of support” from opposition political parties for his economic policies. “It is an outcome,” he said, “that probably plays into Ramaphosa’s hands from a policy point of view.” However, Malimela warned that the Umkhonto we Sizwe party (MKP) of Jacob Zuma poses a risk to the new Government of National Unity (GNU). He pointed out that the slim majority in KwaZulu-Natal means any disruptions at the provincial level could have national repercussions. Malimela also does not rule out targeted acts of sabotage by the MKP, “intended to cause disruption, intended to send a message, put strangleholds on the economy, shutting down main arteries, disrupting port activity, even communications capabilities.”
Dramatic news flow at home and abroad had a significant impact on asset prices in the month just past as we hear from Corion Capital’s founder David Bacher. He explains why this was the kind of month that could make or break a money manager’s career. Bacher spoke to BizNews editor Alec Hogg
South Africa urgently needs ethical leadership to heal a divided nation. That has been the call from business icon Professor Bonang Mohale, who is on an international list of the 100 most reputable Africans. In this interview with BizNews, Professor Mohale warns the new Government of National Unity (GNU) that leadership is “not an opportunity for enriching self”. He slams the lack of prosecutions of corrupt politicians and concludes “that there is no political will” and that “maybe, just maybe, the people who call themselves our leaders are accepting that stealing, cheating, bribery, State Capture is their form and definition of redistribution of wealth”. Asked about the Steinhoff scandal, he also slams big business for introducing corruption to local politicians as far back as former President Nelson Mandela’s release from prison. And, as a former Chairman of Shell - that is now disinvesting from South Africa - he describes how there was “absolutely no progress” on a multi-billion rand intiatiave “because of ideology that held us hostage”. Setting out the priorities for the GNU, Professor Mohale says: “Service delivery is the job description of these politicians.”
As the country enters its new political era, Gareth Cliff’s authentic voice is deservedly attracting deserved recognition. A straight-talking media version of rabidly independent financial advisor Magnus Heystek, Cliff’s decade-old self-built canoe is steaming ahead, supporting the thesis that independent thought trumps commercially driven narratives. In this riveting interview, Cliff draws on his experiences and worldview to explain why SA is a pretty good place to be right now. He spoke to BizNews editor Alec Hogg.
Freshly returned from participating in annual Aspen Ideas Festival, Phumlani Majozi is delighted at how Election’24 and its aftermath has worked out. A prolific columnist, author and vlogger, the 35 year old from Stanger shares the story of his personal development and enthusiasm for promoting the contestation of ideas. He spoke to BizNews editor Alec Hogg
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In an engaging discussion, Bronwyn Nielsen and Paul Theron, CEO of Vestact, explore the latest trends in government policies and their impact on hot stocks. Theron provides keen insights into how regulatory changes and economic strategies are influencing market dynamics, highlighting key sectors poised for growth. With a focus on navigating the complexities of investing amidst shifting government landscapes, Theron shares expert advice on selecting stocks with the highest potential for short-term gains. This conversation offers a captivating blend of financial expertise and strategic foresight, making it a must-watch for investors keen on staying ahead in a rapidly evolving market.
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There are some big surprises and disappointments in the first Cabinet of South Africa’s new Government of National Unity (GNU). In this interview with BizNews, Ray Hartley of The Brenthurst Foundation looks at how well matched the new Cabinet is to deal with the country’s priorities over the next five years. He says it is “clearly not a proportional cabinet” - and it “does weaken things a little bit” and “makes it less difficult” for the Democratic Alliance (DA) should the day come when they have to leave”. He points out that it is “quite clear that the ANC is not letting go of the Economic Cluster”. And he is concerned that South Africa “may have an underperforming Cabinet” - and that the necessary reforms “may not occur swiftly enough to actually get to deal with these big logistical problems that are holding up economic growth”. However, he stresses that “it could have been a lot worse” - and that the outcome has shown that it is possible “to reach across some big divides in the interests of pragmatic progress”.
With South Africa at “boiling point” and running gun battles on the Cape Flats, negotiations for the country’s new Government of National Unity (GNU) took some dramatic turns this week as more parties (including the EFF and BOSA) entered into coalition talks with the ruling African National Congress (ANC) while the Democratic Alliance (DA) teetered on the brink of going back to the opposition benches. In this interview with BizNews, United Independent Movement (UIM) President Neil de Beer speaks about the DA’s fight for the economic cluster and the portfolios that are critical to the movement of the basic economy, lifestyle, and stability of the country. He describes President Cyril Ramaphosa re-emerging as the “the Cyril of the CODESA negotiations…and putting down his iron rod”. De Beer also dissects the East-West factions inside the GNU and warns of a looming foreign policy battle. Meanwhile, he reminds the current president that there are factions inside the ANC, the government, the police, the army, and the intelligence services that remain loyal to former President Jacob Zuma.
Accounts publicly available in in Ireland’s Companies Office show that since 2019, SA’s dominant domestic airline, Safair, has been 75% owned by European operator ASL Holdings - contravening South African regulations stipulating a 25% foreign limit. Cemair founder and CEO Miles van der Molen believes sine May last year its Irish parent has been subsidising Safair by some R100m a month. In this hard-hitting interview, Van der Molen says it’s no innocent oversight by Safair, which was taken to task on the same issue in 2014. After initially complying, records show the airline quietly injected the shares into an SA shell company owned by its Irish parent. He spoke to BizNews editor Alec Hogg.
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In a dynamic interview with Bronwyn Nielsen, David Shapiro forecasts a potential strengthening of the rand, anticipating significant movements below 17.50. Emphasizing both local initiatives and global economic trends, Shapiro discusses promising sectors like weight loss pharmaceuticals, highlighting Novo Nordisk and Eli Lilly as key players. His insights into the bond market's resilience and the transformative potential of medical innovations underscore optimism amidst evolving market conditions, making this dialogue essential for investors navigating today's economic landscape."
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Allegations of institutionalised racism and abuse of younger students at the Wilgenhof residence of Stellenbosch University created a media storm. The university established a three-person panel headed by Adv NC de Jager to investigate. It recommended that the 121-year-old residence for around 200 students in the heart of the campus be closed at the end of the 2024 academic year. The University’s Council this week suspended the closure pending further investigation - a decision welcomed by Jaco Rabie of the Wilgenhof Alumni Association, which regards the panel’s report as “substantially flawed”. He explains why and provides context in this interview with BizNews editor Alec Hogg.
In a mammoth exercise to determine how South African population groups voted in Election’24, leading polling company Victory Research overlaid SA’s 2022 Census with voter returns from the 23 296 Voting Districts. The results delivered some surprises about the racial diversity of leading political parties. Victory’s CEO, Gareth van Onselen, shared the findings with BizNews editor Alec Hogg.
South Africa’s new Government of National Unity has grown to 10 parties - and more parties could still join. In this interview on the latest developments, United Independent Movement (UIM) President Neil de Beer says: “what is though going to murky the water and what will put more blood in the street is that now you have to accommodate it because the invitation was given as an open invitation and that invitation’s window is closing slowly but surely and I think the last cats are trying to get into this house before the thunder comes down”. De Beer looks at the impact this will have on the position of the Democratic Alliance (DA) in the GNU, and dissects the argument between Helen Zille and African National Congress (ANC) SG Fikile Mbablula over the interpretation of the agreement signed by the two parties. He warns that the stability of the GNU is under much pressure - and warns that unless President Cyril Ramaphosa announces his Cabinet within the next 48 to 72 hours, “the matters that are now boiling up, the threats, the innuendos is going to cause everlasting damage on the way of the Government of National Unity forward”. De Beer also gives his opinion on the racism scandals that have hit the DA with two of its new MPs, Renaldo Gouws - who has already been suspended - and Ian Cameron in the line of fire.
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The Government of National Unity (GNU) is likely to have been a “complete disappointment” for Russia. That is the opinion of SA-Russia expert Dr Irina Filatova who predicts that the Russians will now try to work with the part of the African National Congress (ANC) which is “radically inclined” towards former President Jacob Zuma. Professor Filatova believes Russia has funded Mr Zuma’s MK Party in the hope that his faction could be returned to the ANC, preferably heading it and getting rid of President Cyril Ramaphosa “because then the ANC would become the old ANC where Zuma could dictate the policy, and where Russia would have supreme influence”. Professor Filatova also explains where South Africa fits into Russian President Vladimir Putin’s latest vision for BRICS as “an independent organisation regulating international relations…based entirely on power”.
Explore the fascinating world of poultry production with Marthinus Stander, CEO of Rainbow Chicken, alongside financial expert David Shapiro and seasoned interviewer Bronwyn Nielsen. Discover insights into industry challenges, innovation, and the path to success as Rainbow Chicken prepares for its listing on the JSE. Join this dynamic conversation to uncover the strategies driving affordable, quality chicken to consumers and the journey of growth and resilience in a competitive market.
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In 18 by-elections held yesterday, voters in KZN, Cape Town and Beaufort West, delivered a clear verdict on political developments of the past three weeks - giving fresh momentum to the DA and IFP; and a handing a thrashing to the MK, PA and EFF. The DA’s Ashor Sarupen, a member of Parliament and the party’s deputy campaign manager for Election’24 unpacked results with BizNews editor Alec Hogg.
Veteran money manager Piet Viljoen of Merchant West has been bullish on SA assets for some months, primarily because he believes they had been too heavily discounted by a sceptical global investment community. Despite this relative optimism, he warned ahead of May 29 that were the post-election ANC to partner with the EFF “all bets are off”. In this discussion with BizNews editor Alec Hogg, the investment guru says despite a strong rally in the past few days, SA assets (the Rand, bonds, stocks) are still far too cheap - offering exceptional value right now, ahead of the coming wave of global interest.
At BNC#2 in September 2021, DA Federal Chair Helen Zille predicted the ANC would lose its majority in 2024. At the time, most observers thought it was wishful thinking. But Zille was deadly serious, and her party has done a lot of work over the past three years preparing for SA’s new Government of National Unity, which brings the promise of a new bright chapter for the Young Democracy. Sealing the deal, however, was touch and go. In this fascinating interview where she unpacks where SA is now and what lies ahead, Zille shares that the GNU was a close-run thing, only helped over the line by unwitting EFF, which demanded a break to caucus ahead of the crucial first vote. She spoke to BizNews editor Alec Hogg.
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Veteran investment manager Kokkie Kooyman of Denker Capital explains why the Rand and share prices of SA financial companies have risen so strongly over the past few days: the election results and ANC’s choice of GNU partners has avoided “an 80% chance” of the country replicating a Zimbabwe-type disaster. He cautions that there is still a risk of “own goals” and malevolent political forces derailing the nation’s future. But Kooyman, the winner of many global investment management awards, reckons a more likely scenario is a second wave of asset price increases driven by large foreign capital flows as SA’s watershed is fully absorbed in the world’s financial capitals.
In more post-election drama, former President Jacob Zuma is turning to the courts to try and have the election set aside because 9,366,000 votes are allegedly unaccounted for - and it wasn’t “fair and free”. But in this interview with BizNews, Dr. Michael Louis of the Independent Candidates Association says he has looked at the court papers, and that there are “no specialist audit reports, there's no specialist electoral support, just a lot of speculation”. He does not believe the application will succeed. Meanwhile, he is calling for the Electoral Act to be totally revitalised, also in respect of the way the President is elected because if President Cyril Ramaphosa is impeached, it could imperil the new Government of National Unity if the GNU doesn’t accept the new President nominated by the African National Congress (ANC). Dr Louis also shares his views on how the new Cabinet might look, and explains why he sees South Africa as a “speedboat” - and not an “oil tanker” - country.
Last weekend, South African president Cyril Ramaphosa broke his ‘no journalist’ norm and opened his home to the Financial Times’s chief foreign affairs commentator Gideon Rachman. The London-based columnist was surprised at how relaxed the CEO of SA Inc. was at a very tricky time for the country. Rachman shares insights gained from engaging with Ramaphosa and others during last week’s visit to SA - the country’s rapidly formed coalition government, its position on Russia (and Ukraine), and an outsider’s impression on what lies ahead with BizNews editor Alec Hogg.
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The pros and the cons of South Africa’s new Government of National Unity (GNU) are examined in this interview with Neil de Beer, the President of the United Independent Movement (UIM). One of his concerns is that there are people in the African National Congress (ANC) that are “actually not on board and that they're going to do everything that they can….to derail” this GNU, which would be the “worst thing that this Republic can ever see in its future”. He also warns that the use of State Security and intelligence apparatus to spy on each other in the GNU could lead to its possible demise. As for the likelihood of a revolution bubbling in KZN where former President Jacob Zuma’s MK party is being left out in the cold, De Beer says: “It seems that the building block, the revolutionary volcano, the stirring of the emotion of inequality within instability in this country, always comes from the KZN faction. If I was in the defense structure, if I was in the policing structure, and if I was in the State Security cluster, you've got to squash this…Because a country cannot be kept ransom by the precipice of people's ideology.” De Beer also lists the critical issues that the GNU has to sort out in its first 100 days of governance.
Inkatha Freedom Party president Velenkosini Hlabisa, widely tipped for a key cabinet post in SA’s new Government of National Unity, addresses the key questions of the moment with BizNews editor Alec Hogg. These include the stability of the GNU, Zuma’s MK and how it will act in Parliament and the KZN Province, the goals of IFP-led KZN, and the extension of the GNU partnership to the local level. A massive dollop of rationality and hope for nervous South Africans.
After two weeks of tense negotiations, Democratic Alliance (DA) leader John Steenhuisen announced today (Friday) that an agreement has been signed by his party, the African National Congress (ANC) and the Inkatha Freedom Party (IFP) to enter into national government, as well as provincial government in Gauteng and KwaZulu-Natal. In this interview with BizNews, Ray Hartley of The Brenthurst Foundation calls it “a day of tremendous hope”. He describes it as “the good scenario…where there is a gravitation towards the centre and parties that support the Constitution, the rule of law, and boosting economic growth, come together to try and take the country forward”. However, he describes the volatile situation in KwaZulu-Natal as “very worrying” and says: “There is the question of what will MK do finding itself out in the cold in KZN where I think it expected, after getting 45%, to be in government”. As for the future of the Economic Freedom Fighters (EFF), Hartley comments: “They haven't played it well and…I just sense that they're in somewhat of disarray.”
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Breadline Africa has been a key player in providing educational opportunities for children since 1993. The organisation’s approach involves converting shipping containers into functional educational spaces. A critical aspect of their work is addressing the safety hazards associated with pit latrines in rural schools. Marion Wagner, the CEO of Breadline Africa told Biznews in an interview that Breadline has managed to raise R22 million to address the issue of pit toilets that have caused the deaths of young children in South Africa. By the end of July this year, Breadline would have completed installing flush and dry toilets at 24 schools, providing 550 toilet facilities to 11,000 children. Wagner said the scale of the problem was much larger than the 1000 schools they anticipated. They have found that 35000 schools in the rural areas of Limpopo, the Eastern Cape and Kwazulu-Natal still have pit toilets and that there are schools that have absolutely no toilet facilities at all. The charity plans to address period poverty, a major problem in South Africa as a next big project.
Dr Anthony Turton, a 12th generation South African polymath with experience inside SA’s Security Forces, Academia, Water and business, shares lessons from the July 2021 Looter’s War in KZN. The way he sees it, that may have been a mere curtain raiser for what is planned by Jacob Zuma and his MK party. Turton reckons the proposed ANC/DA/IFP government of national unity will have its hands full dealing with what’s coming - but says Zulu Royalty and the private sector, which played a decisive role in quelling the July 2021 unrest, could be a new government’s most powerful ally. He spoke to BizNews editor Alec Hogg.
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Starting September 1, 2024, South Africa's retirement landscape will undergo a dramatic transformation with the introduction of the two-pot retirement system. This groundbreaking reform promises to revolutionize how South Africans access their retirement savings, balancing immediate financial needs with long-term security. With a mix of emergency access and preserved funds, this system aims to empower retirees while ensuring financial stability. The Actuarial Society of South Africa's Natasha Huggett Henchie explains the intricacies and potential impacts of this pivotal change, highlighting the importance of understanding the new rules to make informed decisions about retirement savings.
In this exclusive webinar presented by Futureneers, featuring James Rothman and Deon Lewis, with BizNews' Alec Hogg as the host, they unveiled South Africa's first Section 12BA Wheeling Partnership. Discover how this groundbreaking investment opportunity can transform your tax payments into solar energy and a powerful wealth-building tool. With substantial tax benefits and promising long-term financial returns, this initiative is a win-win for savvy investors. Don't miss out on this chance to learn from the experts and explore a revolutionary approach to investment. For more information - https://www.futureneers.co.za/biznews-enquiry.
South Africa’s political pollsters surpassed all expectations with their accurate calling of Election’24 - the watershed vote which was a shock for many and a surprise for most. In this fascinating review of the campaign, Victory Research CEO Gareth van Onselen takes us through the data, sharing his inside track on how and why polls fluctuated and what they mean for SA’s big and small parties and political leaders going ahead. He spoke to BizNews editor Alec Hogg.
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The outcome of the historic 2024 elections has its roots in the rift between the camps of former President Jacob Zuma and current President Cyril Ramaphosa that formed after the NASCREC conference in 2017. In this interview with BizNews, macroeconomic and political analyst Phumlani M. Majozi, who is also the author of “Lessons from Past Heroes”, explains the strategy followed by Zuma, an avid chess player. He describes how Zuma came to view the Ramaphosa faction as a group of people who were after him and who mistreated him. “And up it went and went and went and went up until to a point where Zuma said, I guess as a chess player himself, he said, I'm going to strategise it. I need to hurt these people in the 2024 election. And that is what exactly happened. ” Majozi describes how Zuma used his huge support in KZN, a province that his very popularity won for the ANC, to fight back against the ANC. He shares his theories on Zuma’s end game and the benefits the former president likely wants from regaining “an influence in how things go in governance”. Majozi examines the factors that will determine the future of the ANC and Ramaphosa, and outlines the coalition formation needed to push the ANC into pro-market, pro-growth policies. He also examines the future of democracy in South Africa post May 29.
In our changing world, opportunities emerge all the time - but taking advantage requires research and understanding. Westbrooke Alternative Asset Management specialises in seeking out these anomalies with its UK private loan offering among the most popular with its South African investors. In this interview, Westbrooke’s Dino Zuccollo explains to BizNews editor Alec Hogg how the company identified a niche in the UK and explains how it translates into delivering a net return of over 9% in Pounds with exceptionally low risk.
The outcome of the historic 2024 elctions has its roots in the rift between the camps of former President Jacob Zuma and current President Cyril Ramaphosa that formed after the NASCREC conference in 2017. In this interview with BizNews, macroeconomic and political analyst Phumlani M. Majozi, who is also the author of “Lessons from Past Heroes”, explains the strategy followed by Zuma, an avid chess player. He describes how Zuma came to view the Ramaphosa faction as a group of people who were after him and who mistreated him. “And up it went and went and went and went up until to a point where Zuma said, I guess as a chess player himself, he said, I'm going to strategise it. I need to hurt these people in the 2024 election. And that is what exactly happened. ” Majozi describes how Zuma used his huge support in KZN, a province that his very popularity won for the ANC, to fight back against the ANC. He shares his theories on Zuma’s end game and the benefits the former president likely wants from regaining “an influence in how things go in governance”. Majozi examines the factors that will determine the future of the ANC and Ramaphosa, and outlines the coalition formation needed to push the ANC into pro-market, pro-growth policies. He also examines the future of democracy in South Africa post May 29.
United Independent Movement (UIM) President Neil de Beer has slammed the ongoing power-hungry coalition talks in which the ruling African National Congress (ANC) is “not negotiating to stay in power”, but “negotiating to survive”. He also decries outrageous demands from possible coalition partners, and warns: “When you are sitting at a table, you shouldn't be picking out what you want. You should be doing the best for the country. And what we've got now is the actual appearance of those people who are picking and choosing. And they are actually causing that a Government of National Unity is not going to make it in the long run...” He further warns about looming “economic battle lines” in a country not dominated by a single party, but in which provinces are going into coalitions to become independent for political control that will give them power over some of the most important infrastructure of the economy, like the ports of KZN. Meanwhile, De Beer is already lining up candidates to stand in every one of the 270 odd municipalities in the 2026 municipal elections “to ensure there's accountability” and that bread-and-butter issues are dealt with - regardless of what happens at national level.
BizNews editor Alec Hogg shares the name (and pic) of South Africa’s youngest ever member of the National Assembly, a 20-year-old who soon joins the tiny percentage of her nation earning over R100 000 a month. He shares what the FT’s Africa editor David Pilling is telling the world about the reason the ANC is battling to decide between a road to prosperity or its Chernobyl option. We’re also reminded of the four policies Kleptocrats have used for thousands of years - eerily similar to what is applied in SA by its ANC elite.
In his 2017 classic Fate of the Nation, scenario planner Jakkie Cilliers outlined SA’s three possible paths after projecting an ANC drop below 50% of the national vote in Election’24. But even the founder of the Institute of Security Studies was surprised by the extent of the former ruling party’s decline. He reckons it accelerates key decisions that must be taken if a continued slide towards even greater unemployment and the resulting social chaos is to be avoided. He spoke to BizNews editor Alec Hogg.
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ActionSA founder Herman Mashaba, was shocked at the way South Africans voted on May 29, but will not leave the political arena. Instead, the successful entrepreneur and former Joburg Mayor will be doubling down on a dream his nation will abandon race-driven political choices that shaped Election’24. However, the Black Like Me mogul admits to being “very nervous” about the outcome of coalition negotiations, fretting about the ability of the many “dishonest” politicians who’re involved to counter SA’s existential threat of a destructive MK. He spoke to BizNews editor Alec Hogg.
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Electoral system expert Dr. Michael Louis, who is also the founder of The Independent Candidates Association, tells BizNews viewers why a constitutional provision will prevent former President Jacob Zuma’s MK party from sabotaging Parliament. “I think that any boycott plans and things definitely won't work.” He also describes how President Cyril Ramaphosa has won “so much credibility within his last days of this political ambit”. Dr Louis further explains the workings of a Government of National Unity which he hails as “definitely the preferred option”. He also simplifies the complicated process of how the demarcation of seats for the National Assembly gets allocated. He lists the challenges faced by independent candidates in the last election; says the Electoral Act is not constitutional; vows that there will be four ballots in the next election - and that South Africal will have a constituency-based system to “take our power back and nominate our leaders to be more accountable”. - Chris Steyn
In his regular monthly review, Corion’s David Bacher explains how markets were on edge in May during the run-up to Election Day - and how investors remain nervous as politicians consider the binary choice that will determine the country’s future. He also highlights the awful share price performance of SA’s cell phone giants over the past ten years and explains why huge moves are looming in the prices of all SA assets in the next couple of weeks. Bacher spoke to BizNews editor Alec Hogg.
The United States fears that “any coalition government” in South Africa would be unstable and might not hold. This is the concern shared by a former diplomat to both South African governments, Dr. Edward Mienie, who is the Executive Director and Professor of Strategic & Security Studies & External Relations at the University of North Georgia in the United States. He stresses that the US needs a “stable” government so that South Africa can serve as a “bulwark” against Chinese and Russian expansionism in Africa - and says if the US lost South Africa as a partner, it would lose its influence in sub-Saharan Africa. “…they cannot afford to lose South Africa to the influence of Russia or China. It's not in the national security interests of the United States at all.” Dr Mienie thinks the “most stable” coalition government would be between the African National Congress (ANC), the Democratic Alliance (DA), and “perhaps” the Inkatha Freedom Party (IFP). However, he warns that the ideological differences between the ANC and the DA “on many fronts’ would take “some nifty negotiations”. Meanwhile, Dr Mienie believes the US should - and will - maintain AGOA with South Africa.
Patriotic Alliance president Gayton McKenzie believes the business community and global markets are disrespecting the will of SA’s people by pushing the ANC into a partnership with the DA. He argues that this is driven by financial motives and a “Save Ramaphosa” agenda - but it is the wrong path for a country that has sent a clear message that it wants the ANC out of power. McKenzie reckons all non-ANC politicians, including Jacob Zuma’s MK and the EFF, should unite in a single objective of ejecting the ANC from government, which will cut off its corrupt tentacles whose destructive cadre deployment reaches into every corner of the State. He spoke to BizNews editor Alec Hogg.
Since 1929, the Institute of Race Relations has delivered the facts and provided evidence-based guidance, serving SA as the ultimate ’truth to power” voice. In this interview, CEO John Endres explains why we are at a pivotal moment, and how it happened that the country’s future has been entrusted to a few dozen people - members of the ANC’s ‘collective’ decision making body, its National Executive Committee. Endres explains why the way these worthies jump will directly impact the lives of each South African for many years to come. He spoke to BizNews editor Alec Hogg.
In typically outspoken style, business activist Rob Hersov airs uncomfortable truths in this interview - warning that the Kremlin-funded MK party poses a massive threat to the rest of South Africa. His forthright advice to the ANC leadership and their still-to-be-confirmed coalition partners is to support KZN’s secession from SA and let the MK-dominated Zulu people determine their own future. Hersov says failure to urgently grasp this reality, or worse, attempting to govern KZN from Pretoria, will raise massive risks for the nation. He spoke to BizNews editor Alec Hogg.
Popular BizNews Premium columnist RW Johnson has been deeply involved in this year’s Election, working behind the scenes at broadcaster eNCA. Now the dust has settled, he outlines the key consequences - explaining why the ANC will partner with the DA; and an MK/IFP coalition work together to run an increasingly independent KZN. He spoke to BizNews editor Alec Hogg.
The South African political era has now moved into a radical and separatist State. That is the warning from Neil de Beer, the President of the United Independent Movement (UIM). In this interview with BizNews, De Beer says: “MK, ANC, EFF, PA are no doubt radical parties. They are a radical entity with a radical philosophy of national, Socialistic, and may I call an overextension of capitalised ideology.” De Beer describes “the blood on the floor” at the Indedependent Electoral Commission’s (IEC) Counting Centre after the "Atom bomb of MK", and gives his take on the coalition and power sharing talks currently being held behind the scenes. He dissects various power configurations, including a Government of National Unity of multiple parties like the ANC, the DA, the IFP, the Freedom Front Plus, and the ACDP. He also speaks about last night’s urgently convened Multi-Party Charter meeting which he chaired.
With results of South Africa’s watershed election now baked in, political scientist Dr Frans Cronje says the country faces a one-off, historic opportunity to catapult ahead. Whether or not it happens depends entirely on which way a badly bruised ANC jumps. The High Road lies in an ANC which opts to embrace a working partnership with the DA, IFP and others. The alternative is what he calls “the Chernobyl option” when it retains political power in the short-term through a coalition with MK and the EFF - but thereby sows the seeds of its own destruction. The SRF chairman spoke to BizNews editor Alec Hogg.
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South Africa is entering a phase of “necessary uncertainty” following the ruling African National Congress’ (ANC) poor performance in the elections and the surge of former President Jacob Zuma’s new MK party. So says Dr Ina Gouws of the Department of Political Studies and Governance at the University of the Free State. “I understand that South Africans are even afraid of what's to come, a bit uncertain of what's to come. But I think it's a necessary phase for the country to go in.” She says it is now up to South Africans to insist on political leaders being mature and pragmatic to make sure that coalitions are stable - and not “a circus like we've seen in many of the local authorities”. Dr Gouws dissects the voting trends - and looks at the implications for the leadership of President Cyril Ramaphosa.
The Election’24 collapse of a once-impregnable ANC has thrown up numerous options for South Africa - and politicians entrusted by the electorate to turn around a country that has been sliding for over a decade. The longest serving Member of South Africa’s Parliament, Dr Corne’ Mulder of FF+, explains the options being presented to the newly elected lawmakers - and their parties - in the coming fortnight. With apologies to Winston Churchill, never before, in the young democracy, has so much depended on the actions of so few. Dr Mulder spoke to BizNews editor Alec Hogg.
Among the major stories of Election’24 is a surging Patriotic Alliance, the ten year old political party which will now be sending its first MPs to the National Assembly - and also filling a significant number of seats in provincial parliaments. The PA’s strategist Charles Cilliers speaks to us from the Results Operating Centre in Gauteng, sharing insights into the major features of South Africa’s surprise-filled National and Provincial Elections. He reckons the over-riding conclusion is that this has been a triumph for SA’s young democracy. He spoke to BizNews editor Alec Hogg.
An “astonishing” performance by former President Jacob Zuma’s MK party means the ruling African National Congress (ANC) might lose its majority in KZN - and fail to reach a national majority. In this interview with BizNews, Ray Hartley of the Brenthurst Foundation says that - with about 13% of votes counted - the ANC is probably going to come in below 50%. “I think the ANC is taking a beating. It's losing hand over fist in KwaZulu-Natal and that's a very populous province. So that's going to play into the national results. It's going to have to improve its position substantially elsewhere to make up for that loss. And I'm not sure that it has the cards to play. I think that it's too much for them to make up given the hammering, the clear hammering they're taking in KZN, to get above 50.” Meanwhile, the opposition Democratic Alliance (DA) is “kind of holding better than many expected”.
With around a fifth of the votes counted, Free Market Foundation CEO David Ansara offers some early conclusions on South Africa’s historic Election’24. With the ANC set to lose 60 of its 230 seats (of 400 in total), Jacob Zuma’s well funded MK and to a lesser extent the breakout Patriotic Alliance parties disrupting the status quo, the country well on the road to coalition politics. Ansara offers some thoughts on who the partners might be - and explains why Stateproofing is an even more appropriate strategy given the political turbulence which awaits. He spoke to BizNews editor Alec Hogg.
President Cyril Ramaphosa enacted the NHI law during the election campaign, representing the biggest shake-up in South Africa’s healthcare system since the dawn of democracy. Critics have warned that the scheme is hugely expensive and could fuel corruption, with opposition parties describing it as a "death warrant" for healthcare in South Africa. Group International Director of Sable International, Andrew Rissik, told BizNews that the policy has raised concerns among healthcare workers and those considering retirement, leading many to explore international options for alternative healthcare systems. He noted that South African private healthcare is relatively expensive compared to countries like Portugal and Malta, where supplemented private insurance is more affordable. Rissik also discusses the turbulent years of the investment migration industry, with several European countries clamping down on golden visas, but says there are still options for those looking for a plan B, including the US EB-5 visa, "which is still going strong," and countries like Portugal and Greece, which offer "attractive residency and retirement visas."
A 21% jump in Special Votes and near trebling of the out-of-country votes provides clear evidence of a surge in interest around Election’24. In this special broadcast, we hear from two Smart Alecs - the Financial Times’s foreign editor Alec Russell and his namesake, BizNews editor Alec Hogg. The FT looks at the global relevance while BizNews looks at the math via data drawn from the 2019 and 2021 election to conclude that surprises aplenty are in store when the results are counted.
We have passed 50 days without load shedding in South Africa, even as the cold of winter begins to bite when electricity demand normally increases. The CEO of the Energy Council, James McKay, told BizNews in an interview that the lack of load shedding is due to a partnership that the government formed with the business sector. While business “is not lifting the spanners” at Eskom, their involvement in capacity mobilisation, strategic planning, and accountability discussions has been instrumental, he said. McKay highlighted a significant shift from previous political resistance to private sector involvement in state-owned enterprises. This collaboration, he said, extends beyond the energy sector, encompassing transport, logistics, crime, and corruption. Progress is being made on a new transport master plan, which is advancing through Cabinet, and efforts are underway to modernise crime monitoring capabilities in South Africa, according to McKay. - Linda van Tilburg
At the halfway mark in the Local v Offshore investment challenge, Magnus Heystek’s foreign holdings have recovered from an appalling start to move into positive territory. Piet Viljoen’s SA-focused portfolio, however, still has a handy lead although is enjoying “a breather” ahead of a potential surge on the Election’24 results. They spoke to BizNews editor Alec Hogg.
After recording just 6 660 votes in the 2019 National election, Patriotic Alliance leader Gayton McKenzie forecasts a massive breakthough in Election’24. The PA leader predicts his party will receive around 1m votes and secure 25 Members of Parliament in the National Assembly. McKenzie believes this will be a watershed with South Africans rejecting the status quo of dominant ANC and DA political parties, punishing both at the polls. He spoke to BizNews editor Alec Hogg.
One of the toughest battles in Election’24 is the Democratic Alliance’s bid to schieve more than 50% of the Western Cape votes - the only province where it currently governs. South Africa’s longest serving member of Paliament, FF+ Chief Whip Dr Corne’ Mulder, believes with his party, the Patriotic Alliance and Action SA poised for good showings on May 29, after the election a coalition will be required to govern the Western Cape. He explains to BizNews editor Alec Hogg why this is a good thing.
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“…there are people that are rising and there are people that are falling…the dirty games are coming out...It's a nasty campaign, it's a dark campaign, and I predict in the next three days it's going to get worse.” These are the words of Neil de Beer, the President of the United Independent Movement (UIM). In this interview with BizNews, he dissects the current “climb” in popularity of the African National Congress (ANC), the disintegration of the top structure of former President Jacob Zuma’s MK and his daughter Duduzile’s move to secure a “dictatorship”; the secret and not-so-secret coalition talks; and the many parties that are “promising and writing checks in their name that their bodies can't cash”. De Beer warns of the impact of “international influence” on the outcome of the election, saying the party that “carries the most influence from outside will win and will then govern for the next five years with a huge sentiment of 60% influence globally, but 40% from the world masters”.
While Jacob Zuma’s recently launched MK Party has drawn a lot of airtime, at the coalface the IFP is confident of continuing a resurgence reflected in its 15-1 winning record against the ANC in post November 2021 by-elections. Leader Velenkosini Hlabisa says another pointer to a superior performance in Election’24 is comparing crowds drawn in election launches at Durban’s Moses Mabhida stadium where his party “took the trophy” with a significantly larger turnout than the other parties. Having planned thoroughly for the 2024 election over many years, and for the first time running campaigns in all nine provinces, the IFP leader is sure that his party is will be the big surprise when the votes are counted. He spoke to BizNews editor Alec Hogg.
Over the past few weeks we’ve highlighted how South Africa is poised for a massive upgrade in the talent occupying its Parliamentary benches. As political competition intensifies with the imminent loss of the ANC’s majority, new faces and new parties are being drawn in. Among them are ActionSA’s Athol Trollip and Pieter Scribante who share insights with BizNews editor Alec Hogg.
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In a Q&A session at the BizNews London Conference, Alec Hogg and Sean Peche discussed investment strategies, focusing on the potential risks and benefits of current tech stocks and the importance of value investing. Peche emphasised the necessity of evaluating a company's intrinsic worth before investing and highlighted opportunities outside the U.S., particularly in undervalued European and emerging market stocks. He also addressed the challenges in forecasting long-term growth, the impact of geopolitical factors on investments, and the importance of avoiding speculative narratives.
In a discussion led by Alec Hogg, GG Alcock and Warren Wheatley addressed South Africa's economic transformation, comparing it to historical periods of rapid wealth creation. They highlighted the burgeoning entrepreneurial spirit within townships, the shift towards digital transactions, and the resilience of informal economies. Challenges such as limited access to capital and formal financial markets were noted, alongside the potential for innovative solutions and structured investments to stimulate growth. The discussion emphasised the untapped potential of informal businesses and the need for supportive infrastructure and financial inclusion to drive substantial economic change.
After a four-year hiatus, South Africa has returned to the prestigious Chelsea Flower Show in London this year. Their exhibition, which showcased the Cape Mountains and South Africa’s biodiversity, featuring proteas and fynbos, won a Gold Medal, ‘Best Exhibit in the Pavilion,’ and ‘Best New Design’ awards. South Africa has participated in the show since 1976, earning 37 gold awards over the years. However, the country’s florists were absent for the past four years due to the COVID-19 pandemic and a decision by the South African National Biodiversity Institute to withdraw from the show. Keith Kirsten, a renowned horticulturist, spoke to BizNews from Chelsea about how head designer Leon Kluge and artist Tristan Woudberg led a group of volunteers to create this year’s spectacular display using 22,000 proteas and fynbos. The project came together with the crucial support of major donors, including the Rupert Nature Foundation and the Grootbos Private Nature Reserve, leading to South Africa’s most significant success ever at the show.
Andrew Middleton, GoSolr CEO, discussed the significant investments from Standard Bank, an international climate-focused investor, and African Rainbow Capital in his solar energy company. He highlighted South Africa's energy crisis, emphasising the potential for solar solutions despite current challenges. Middleton advocates for local investment, community involvement, and improving infrastructure to address the country’s power supply issues. He explained GoSolr's flexible subscription model and its impact on the residential market, stressing the importance of confidence and innovative solutions for sustainable energy and economic growth in South Africa.
During a Q&A session at the BizNews conference in London, Alec Hogg spoke to forensic investigator Paul O’Sullivan on crime in South Africa. O’Sullivan highlighted the dire state of the SAPS police force, unable to handle the crime volume due to poor resource allocation. He shared cases of rampant white-collar crime and emphasized the need for improved police leadership and judicial efficiency to combat the overwhelming criminal activities. Despite the challenges, O’Sullivan remains optimistic about potential improvements in the justice system.
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Eskom chairman Mteto Nyati says cynics are wrong to claim it will be back to loadshedding hell after Election’24 on May 29. He reckons SA’s longest loadshedding-free run in years is based on a solid foundation. The mechanical engineer with an impeccable business pedigree explains how SA’s much improved electricity supply is the result of applying sensible management practices, including performance-related incentives for Eskom staff and productive engagement with its shareholder. He confidently predicts the worst of loadshedding is over, with sufficient capacity coming on stream to support future economic growth. Nyati spoke to BizNews editor Alec Hogg.
While media and polling narratives might suggest otherwise, South African elections are won or lost on logistics - the practicality of actually getting voters to the polls and having party faithful there to welcome them. Former DA Leader Mmusi Maimane reminds us of reality in a pre-election interview where the Presidential candidate discloses BOSA’s targets for 2024 - and beyond. He spoke to BizNews editor Alec Hogg.
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In "How to Fix (Unfxck) a Country," economist Dr. Roy Havemann unveils a roadmap to reboot South Africa post-State Capture. Through his exploration of the six fundamental "E's" – Eskom, Education, Environment, Exports, Equality, and Ethics – Havemann offers practical strategies gleaned from global experiences. Drawing from consultations with esteemed entities, he illustrates how nations rebounded from crises, advocating for swift governmental action. This insightful interview with BizNews charts a path for South Africa's transformation into a powerhouse.
In a dynamic Q&A between Alec Hogg and James Lorimer, the shadow minister of Mineral Resources, the discussion spans from Namibia's significant oil finds to South Africa's energy landscape. Lorimer highlights potential job creation and revenue influx from oil and gas, while acknowledging policy hurdles. With insights into fracking, renewable energy, and electoral prospects, the dialogue offers a comprehensive view of energy and politics.
At the BizNews Conference in London, Frans Cronje discussed the ANC's electoral prospects, the influence of Jacob Zuma, and the dynamics between the ANC and EFF. He analysed the ANC's strategic behavior and potential alliances, emphasizing the pragmatic and cautious approach the party often takes. Cronje highlighted the complexities within the ANC and its resistance to extreme leftist policies, suggesting that despite internal and external challenges, a complete collapse of the ANC or South African governance is unlikely. He also addressed the implications for smaller parties and the potential for future political and economic recovery in South Africa.
Political veteran and long-time leader of the Official Opposition, Tony Leon, shares his perspectives on next week’s South African elections. With the Big Vote a week away, Leon judges which the parties campaigns he reckons have been successful - and not. And tells BizNews editor Alec Hogg what will be occupying the minds of the political leaders in the immediate aftermath of May 29.
Self-made business mogul turned politician Herman Mashaba, is confident Action SA will be the surprise package of South Africa’s 2024 National and Provincial elections. He says hard work over the past three years; a campaign that resonates with all races; and a God-centred approach is set to catapult ActionSA from its excellent debut in 2021 into major player this year. He is aiming high - countering poor poll showings with on-the-ground feedback from the party’s 320 000 activists suggesting even third place (behind the ANC and DA) would be “a disappointing result”. He spoke to BizNews editor Alec Hogg.
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With only a week to go before the most important election since 1994, many South Africans are still not sure which party to vote for. BizNews asked Dr. Ina Gouws of the Department of Political Studies and Governance at the University of the Free State to give viewers an objective and unbiased overview of the manifestos of five parties that are currently dominating the headlines: the ruling African National Congress (ANC), the opposition Democratic Alliance (DA), the Economic Freedom Fighters (EFF) of Commander-in-Chief Julius Malema, the MK Party of former President Jacob Zuma, and Gayton McKenzie’s Patriotic Alliance (PA). Dr Gouws details how each party wants to tackle the issues that most concern South Africans: crime, corruption, the economy, job creation, and power generation.
At the BizNews Conference in London, GG Alcock captivated the audience with his remarkable life story, transitioning from a mud hut in rural KwaZulu-Natal to becoming a successful entrepreneur. Raised by activist parents in conditions without electricity or running water, Alcock learned resilience and adaptability early on. Despite never attending university, he launched South Africa's pioneering marketing firm targeting the informal economy. Alcock emphasised the untapped potential of this "invisible" sector, illustrating how savvy entrepreneurs can thrive in seemingly chaotic markets. His narrative challenges perceptions, urging businesses to recognise and invest in the vibrant, informal economies driving growth in South Africa.
At the BizNews Conference in London, GG Alcock captivated the audience with his remarkable life story, transitioning from a mud hut in rural KwaZulu-Natal to becoming a successful entrepreneur. Raised by activist parents in conditions without electricity or running water, Alcock learned resilience and adaptability early on. Despite never attending university, he launched South Africa's pioneering marketing firm targeting the informal economy. Alcock emphasised the untapped potential of this "invisible" sector, illustrating how savvy entrepreneurs can thrive in seemingly chaotic markets. His narrative challenges perceptions, urging businesses to recognise and invest in the vibrant, informal economies driving growth in South Africa.
At the BizNews Conference in London, AltVest Capital Limited CEO Warren Wheatley highlighted the transformative impact of his company on South Africa's informal and SME sectors. Wheatley passionately described how AltVest's innovative platform democratises investment opportunities, allowing everyday South Africans to fund and grow local businesses. Through equity and debt crowdfunding, AltVest bridges the gap between underserved communities and essential capital, fostering economic inclusion and resilience. With successful ventures like Pormat Property Group and Zwani Financial Services, AltVest is redefining financial access and creating sustainable growth across the nation.
In this pre-election interview with BizNews, United Independent Movement (UIM) President Neil de Beer says his party will deal “harshly” with the matter of its youth leader, Devon Hofmeyr, attending a gala fundraiser for former President Jacob Zuma's MK Party. He vows the UIM will not form any alliances with the ruling African National Congress (ANC), the Economic Freedom Fighters (EFF), MK or any cabal. De Beer talks about the fear that MK - on a “massive march” - and the ANC might “become family again” - and that South Africa might have an ANC government again “by hook or by crook”. He speaks frankly about the “rocky affair” of the Multi-Party Charter (MPC), of which his party is a member, but gives the assurance that the MPC is still together - and going into the election “as a team”. He also describes the faultless strategy followed by Patriotic Alliance (PA) leader Gayton McKenzie in the war for the Western Cape. And he warns that the "continual slapping" of smaller parties by bigger parties at the dawn of coalitions, is “dangerous” because “it's a smaller party that's part of a bigger party's probable win of 50 plus one”.
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At the BizNews Conference in London, Sean Peche, the founder of Ranmore, captivated the audience with humour and sharp insights. Sharing his journey from a challenging flight to profound investment strategies, he emphasised the cyclical nature of markets and the importance of recognising value traps. Highlighting opportunities beyond North America, he proposed bold ideas for revitalizing South Africa’s economy through effective turnarounds and harnessing local entrepreneurial spirit. His engaging talk balanced investment wisdom with practical solutions, leaving attendees both entertained and enlightened.
In a gripping keynote at the BizNews Conference in London, renowned forensic investigator and Certified Fraud Examiner Paul O’Sullivan exposed the alarming vulnerabilities of WhatsApp as a tool for intelligence gathering, while painting a bleak picture of South Africa's future. Highlighting rampant corruption, infrastructural decay, and governmental failures, O’Sullivan emphasized the critical importance of the upcoming elections for the country's fate. His speech, laced with anecdotes and stark realities, called for immediate action to avert a looming crisis, urging both local and global stakeholders to recognize and address these pressing issues.
GoSolr CEO Andrew Middleton electrified the audience at the BizNews Conference in London with his optimistic keynote on the transformative power of solar energy. Emphasising South Africa's immense solar potential, Middleton highlighted GoSolr's innovative subscription model, which has made solar energy accessible to thousands of households. He underscored the significant progress made in reducing load shedding and advocated for continued investment and regulatory reforms to accelerate the transition to renewable energy. With a vision of solar in every home, Middleton's message was clear: the future of energy is bright and sustainable.
The new Hate Speech Law could see critics of government policy on social media prosecuted and jailed - if their criticism is deemed to cause emotional or psychological harm to government officials or supporters. This is the warning from Ismail Joosub, the Legal Officer of Constitutional Programmes at The FW De Klerk Foundation, and a candidate MP for ActionSA. “The threat of imprisonment that the Act brings with it for expressing what it deems harmful speech will certainly deter individuals from speaking out about wrongdoing, undermining efforts to combat corruption and protect democratic values.” He says numerous rights in the Constitution - including the right to freedom of speech - are being “significantly violated” by the new law. It is now going to take a direct Constitutional Court challenge to get “this unconstitutional law to be struck down”.
In a riveting keynote address at the BizNews Conference in London, DA Shadow Minister of Environmental Affairs, Forestry and Fisheries, James Lorimer MP, unveiled groundbreaking discoveries reshaping the nation's energy landscape. With the revelation of vast gas and oil reservoirs beneath Mpumalanga's soil and offshore along the Orange Basin, South Africa stands at the cusp of an economic revolution. Lorimer's detailed exploration of these finds, from Connecticut's pioneering gas-to-power ventures to Namibia's offshore bonanza, painted a picture of transformative potential. Despite challenges from government legislation and environmental activism, optimism reigns as South Africa eyes a future fueled by its abundant natural resources, poised to uplift its populace and rewrite its economic narrative.
Dr. Frans Cronje, Chair of the Social Research Foundation (SRF), delivered a captivating keynote speech at the BizNews Conference in London, offering a thought-provoking analysis of South Africa's political landscape. Drawing from decades of data and observation, Dr. Cronje outlined a nuanced vision of the country's trajectory, emphasizing shifts in voter demographics, the rise of fringe political ideologies, and the ANC's evolving support base. His insights into potential coalition governments and the role of countervailing forces underscored the complexity and dynamism of South Africa's democratic evolution. Dr. Cronje's address provided a comprehensive framework for understanding the nation's political future, sparking discussions on unity, reform, and governance strategies moving forward.
Nelson Mandela embodied a spirit of reconciliation and was intent on broadening perspectives, which led to a peaceful transition in South Africa from apartheid to a democratic state. Judy Sikuza, the CEO of the Nelson Rhodes Foundation, wants to amplify this spirit as one of the World Economic Forum Young Global Leaders. Sikuza is one of three African leaders selected to drive positive change in the world for the next three years. In an interview with Biznews, Sikuza expressed her desire to use this opportunity to explore how we could collaborate more effectively globally on a variety of issues, including AI and climate change. She also commented on the controversy around the use of Cecil John Rhodes’ name, stating that Mandela saw it as an opportunity to practically express the legacy of reconciliation and reparations, and to redistribute some of the wealth to build the next generation.
As South Africa’s crucial elections on 29 May draw near, political parties are concentrating their campaign efforts in Kwazulu-Natal. The province has been singled out as the bellwether of this year’s elections by Prof Theo Venter, a political analyst from the University of Johannesburg. In an interview with Biznews, Prof Venter noted that the ANC’s performance in Kwazulu-Natal in past elections has been a strong indicator of their national results. Reflecting on the impact of the newly formed umKhonto we Sizwe Party (MKP), he said the MK Party could secure 8% of the vote if the latest Ipsos polls are accurate. Prof Venter anticipates that the Constitutional Court will not permit Zuma to enter Parliament. He believes that Zuma is not interested in being a part of Parliament per se, but rather in influencing it. If Zuma were to sit in the House of Assembly, he would forfeit the benefits and salary of an ex-president. According to Venter, Zuma’s primary objective in this election is not to shape legislation, but to prevent Ramaphosa from assuming the presidency. - Linda van Tilburg
Cyber criminals are masters at triggering human psychological needs - and people with an agreeable personality have a higher chance of being manipulated to share private and sensitive information. That is according to a new study at Stellenbosch University (SU). In this interview with BizNews, system analyst Vian Smit describes the striking correlation between personality types and cybersecurity risk. Smit explains which character traits in agreeable people and extroverts make them good prey for cyber crooks. But he has good news for neurotics whose character traits protect them against scammers. He urges organisations to incorporate human personality types in their counter cyber crime measures. “If we know there is a certain individual that might pose a bigger risk for information loss or information breaches, then I think it would be smart to have a stricter cybersecurity policy applied to such individuals.”
Two top lawyers who cracked open the Corruption Mafia at Fort Hare University are now fighting for survival - after their own shock arrests. In this interview with BizNews, labour lawyer Bradley Conradie and forensic lawyer Sarah Burger describe the trauma of their Holllywood-style arrests as the “ultimate way” of “dealing” with them - after years of abuse and a failed assassination attempt. They share their despair that years of work - with a success rate of 98 - 99% - has been “undone by design”. Since 2018, the two successfully dismantled various criminal syndicates that had infiltrated the university, including the politically-connected, the Nigerian, local business, staff, and student syndicates. They also facilitated the resignations and dismissals of about 40 employees who were involved in corrupt/unlawful activities and breaches of their employment conditions and other forms of mischief/misconduct. Additionally, they lodged about 20 cases with the HAWKS, to ensure thorough investigations and legal consequences for the perpetrators. Yet, they were the ones thrown in cells, and now have to fight for their reputations - and their freedom.
A recent Lancet study reveals that over one billion people worldwide are living with obesity, equating to one in eight individuals. In South Africa, where obesity is likened to a tsunami or epidemic, 43% of adults were overweight in 2022, with a significant portion of women, men, and children with weight-related issues. Professor Carel le Roux, a global authority on obesity and diabetes from South Africa, who is the Chair of Experimental Pathology at University College Dublin, told Biznews in an interview that there has been a shift in treating obesity as a disease rather than a personal failing. Regarding semaglutide drugs for the treatment of obesity, he said they are able to turn back the clock on Type 2 diabetes, but he cautions against viewing them as mere weight loss aids. “You’re going to regain all that weight, probably be worse off after you have stopped the treatment than before you started,” he said. For people with obesity and diabetes, it is a lifelong treatment. Referring to the cost of obesity drug treatment in South Africa, he said the cost of the drugs will fall over time as it happened with HIV treatment.
Nuclear physicist Dr. Kelvin Kemm of Stratek Global, the company behind the local development of a Small Nuclear Reactor system, aims to be ready to export the reactors in five years’ time. He tells BizNews that there has been interest from places as far afield as Canada, “great interest” from Australia, as well as from parties in the Middle East that want to put small reactors in the desert and on the coastlines. Even the US is “very interested”. So are a number of European countries. Several African countries also want to acquire the Small Modular Reactors (SMRs). Dr Kemm stresses that nuclear power “is incredibly safe” - and “the greenest, cleanest, cheapest, safest power you can get”.
Ahead of his keynote to the BizNews Conference in London, GoSolr CEO and co-founder Andrew Middleton shares some unappreciated good news on South Africa’s energy front. With 75MW in rooftop solar of its initial target 500MW already installed, GoSolr is part of a surge in private sector electricity provision. Middleton agrees with money manager John Biccard who reckons the worst of SA’s load-shedding is behind us - a view which has huge implications for JSE-listed stock prices which continue to discount the very worst on this front. He spoke to Alec Hogg of BizNews.
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Lauren Eventhia Bernardo, the founder of the Organic Humanity Movement (OHM) Party, advocates a political system that will remove political parties - and in which only independents will run for public office. In this interview with BizNews, she says that will enable the voter to vote directly for all of their public representatives, including the President of South Africa. "And we believe this will completely transform our country. We also want to implement a mechanism that votes public representatives out if they're not doing their jobs.” She says a vote for a small party is not a wasted vote - and tells voters that South Africa can be on a “completely different trajectory” if those who do not vote decide to go and vote for any party not in the top three.
BizNews editor Alec Hogg drew upon the great investment guru Howard Marks for inspiration in his address this morning to a packed room of Third Age University members in Hermanus. Among the hallmarks of Marks’ approach to investing (and life) is accepting that rational conclusions require ‘deep, complex and convoluted’ thought. Hogg uses this foundation to delve beyond the ‘First Level’ narrative that dominates so much of the South African discourse, using examples from politics, society and business to support his case.
The DA’s shadow minister of labour Michael Bagraim says his party will fight the ANC-driven proposal that will force thousands of South African estate agents to hand over to new owners or close down their businesses. In this vibrant interview with BizNews editor Alec Hogg, Bagraim also discusses suggestions that the party’s weakening in the polls is directly correlated to a refusal to rule out a coalition with the ANC (as a ‘least worst’ option for SA after May 29.)
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In the monthly update of investment markets, Corion’s David Bacher takes us through the highlights for April where South African equities outperformed - and quarterly results lent fresh volatility to Wall Street’s Magnificent Seven. Bacher explains the reasons for the past month’s performance of various investment markets - and looks ahead to what we can expect in May. He spoke to BizNews editor Alec Hogg.
BizNews will be taking its successful conference format to London on May 15, sharing insights with SA expats a fortnight before the watershed 2024 Election. Among the seven keynote speakers are SA informal market specialists GG Alcock and Warren Wheatley - one a rurally raised white zulu; the other a highly educated chartered accountant - offering a similar tale of a nation with huge potential and abundant hope. They shared a taster of their messages with BizNews editor Alec Hogg, who will be hosting the landmark May 15 event.
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In this powerful interview, Sakeliga’s CEO Piet le Roux unpacks his organisation’s fightback against the ‘third wave’ of BEE typified in efforts to make it compulsory for SA’s 40 000 estate agencies. Despite Pretoria’s growing legislative encroachment, Le Roux is upbeat about South Africa’s future: ‘State-proofing’ is being rapidly adopted by businesses and is laying the foundation for growth in the collective power of businesses to counter a weakening and increasingly ineffective central government. He told BizNews editor Alec Hogg that the next decade will be turbulent, but is confident the nation will emerge a lot stronger.
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A controversial gas tender awarded to a man who was named 176 times in the Mpati Commission report into malfeasance at the Public Investment Corporation (PIC) should be terminated with immediate effect. That is the call from Kevin Mileham, the Democratic Alliance's (DA’s) Shadow Minister of Mineral Resources and Energy following earlier warnings by his party that Equator Holdings “run, owned, and managed” by Lawrence Mulaudzi does not have the money and technical skills to fulfil the tender requirement of rebuilding PetroSA’s critical gas infrastructure - and is now “shopping around” for potential funders and technical partners for the project. “PetroSA is a failing State-owned entity. And you don't fix that by giving tenders to cronies,” Mileham says. Meanwhile Energy Minister Gwede Mantashe “is very, very quiet about this whole issue” - and is “more interested in campaigning right now than in dealing with the issues in the entities that are under his control”.
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In a wide-ranging, pre-election preview, United Independent Movement (UIM) President Neil de Beer torpedoes rumours of a Multi-Party Charter (MPC) collapse; gives his take on the daggers flying in former President Jacob Zuma’s MK party; and hails Patriotic Alliance (PA) President Gayton McKenzie’s combat strategy, saying the “Green Machine” is moving down to the Cape like an “oil slick” and has left the Democratic Alliance (DA) overwhelmed by the Brown Child Revolution. He discusses a post-election three-faction scenario comprising the MPC, the RET (Radical Economic Transformation), and the African National Congress (ANC). “And the question is, whom of those three are going to have coffee with whom, except I know they already having coffee.” However, De Beer vows that his UIM party would never form a government with the ANC or the Economic Freedom Fighters (EFF). “Then we go it alone. We cannot sit with this country's fiscal, economical enemy.”
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Patriotic Alliance (PA) President Gayton McKenzie has declared all-out war on the Democratic Alliance (DA) after his recent olive branch to the opposition party “expired”. Speaking to BizNews after another two by-election victories, he says: “It's war. It's full-out war. We are not playing. I extended the olive branch because I do think that the Western Cape will not be best served with the ANC (African National Congress) coming back…And they then answered that by insulting me…” McKenzie says the PA has been winning 80% of the by-elections it has fought, and he doesn’t think the DA will get 35 per cent of the vote in the Western Cape. Meanwhile, he says Economic Freedom Fighter (EFF) leader Julius Malema understands that the upcoming election is a match between the EFF and the PA. “So I'm saying that if you are a white person, it's no longer time to vote for your normal parties… Let's keep Malema out. I'm the only guy that can stand up to that fool. I'm the only one that can stand up to that mafia. South Africa doesn't deserve a guy like Malema.”
South Africa’s mining investment guru Peter Major has come out all guns blazing against Australian BHP’s “opportunistic” bid for Anglo American. In this powerful interview with BizNews editor Alec Hogg, Major calls on SA’s president and mining minister to step in quickly and promise to reverse legislative mistakes which chased away global investors. Doing so, he says, will save Anglo from BHP’s clutches and turbo-charge the country’s moribund mining sector. Major believes it’s easy to fix - but requires humility and realism from Pretoria. Starting with appeals to an alienated global investment community to stop Wall Street desk jockeys killing SA’s 107 year-old Golden Goose.
Wonderbag was a company established in 2008 methods as a solution to South Africa’s energy crisis providing families with a means to continue cooking daily meals during power outages. Resembling a colourful bag reminiscent of a pumpkin, Wonderbag employs ancient heat retention cooking technology, providing employment and income opportunities to entrepreneurs across the developing world. In South Africa, manufacturing is outsourced to 2000 entrepreneurs, primarily women, providing them with vital income. Founder of Wonderbag, Sarah Collins told Biznews in an interview about the business model she pioneered, her high-profile carbon clients including Sasol, Anglo American and Nandos. She also highlighted South Africa’s role in crafting legislation to bolster carbon credit projects.
President Cyril Ramaphosa does not even know where the Guptas are. That is the riposte from Glynnis Breytenbach, the Democratic Alliance's Shadow Minister of Justice, to the National Prosecuting Authority (NP) calling in the help of the President to try and fast track the extradition from the United Arab Emirates (UAE) of the Guptas. As for the few billion of State Capture loot recovered so far by the NPA, Breytenbach says “it's not even a drop in the ocean of the trillions and trillions and trillions of rands that we were robbed of - and that government officials and cabinet members assisted crooks to steal from us”. She calls the close to 700 government officials thus far convicted of corruption “petty thieves” - and says “we need to see people at the top of the scale who stole at a breathtaking pace, held to account”. She also gives an update on the proposed establishment of DA-driven Anti Corruption Commission where prosecutors will have “no fear that their work will be undone by a bunch of politicians who don't like being held accountable”.
*This content is brought to you by Jaltech
In a recent webinar, BizNews' Alec Hogg and Jaltech's Jonty Sacks dissected the Section 12B solar investment incentive and unveiled Jaltech's latest venture in this arena. Investors were presented with an opportunity, with the potential to recoup up to 90% of their investment within the first year through SARS refunds and cash inflows. The investment was touted for its promise of dependable cash flows over its term, leveraging electricity sales to reputable commercial and industrial energy consumers in South Africa. Attendees gained invaluable insights into a venture poised to redefine solar investment strategies and capitalise on emerging market trends.
For more information: https://www.biznews.com/jaltech-solar-investment-taxes.
Australian mining group BHP has launched a R650bn takeover bid for SA’s 107-year-old one-time global giant Anglo American – a company now worth just a quarter of BHP’s value. If successful, the deal would merely be “material” rather than “game-changing” for BHP, which is attracted by its rival’s South American copper mines. A key part of the BHP bid is that Anglo must first unbundle its major South African assets Kumba Iron Ore and Anglo Platinum, which the Aussies don’t want any part of. Veteran asset manager Piet Viljoen explains that this is an opening salvo in what could be a lengthy process. He says the bid illustrates SA’s wealth-destructive political governance, practically reflecting the impact of deteriorating national infrastructure and unfriendly business legislation. He spoke to Alec Hogg of BizNews.
South Africa is a tinderbox waiting for a trigger to explode into violence and destruction. That is the warning from retired General Roland de Vries, the former Deputy Chief of the South African Army. In this interview with BizNews, he shares his in-depth assessment of the threat environment - and lists the possible trigger events for anarchy in election year. The general warns that the ruling African National Congress (ANC) government does not have the capability to protect its citizens adequately – and that it is up to the broader community to protect itself. He also gives his take on coalitions - and expresses concern that "we are going to see political infighting happening as never before and this will cause major political instability in our country". Meanwhile, General De Vries has, over the past seven years, helped over 80 communities develop their own community safety plans to empower themselves.
Leading political scientist RW Johnson explains what led him to investigate a Zuma-supporting, Kremlin-funded media operation - and wonders at Ramaphosa’s inability to accept the reality of Putin’s double play and the ANC’s sharp decline in the polls. Sobering and scary, Johnson’s analysis reinforces the view that SA’s elections on May 29 are shaking up as a make-or-break for the young democracy. He spoke to Alec Hogg of BizNews.
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Crime fighter Ian Cameron of the Democratic Alliance (DA) exposes the horrific working conditions in the South African Police Services (SAPS) as yet another member is shot dead on duty with his own gun - this time after the retention cord from the State-issued holster broke. In this interview with BizNews, Cameron reveals a litany of operational issues following the killing: those in the Air Wing helicopter had no proper radio communication with police on the ground; the police drones took over four hours to arrive on the crime scene; most of the cops searching for the police officer’s killer didn’t have torches; there was no Joint Operations Centre or even an operational plan; and the incident commander sent away specialised units because there were “too many people”. Last year (2023), in just three months from July to September, a total of 35 cops were killed - more than 10 a month. Cameron urges South Africans to honour the “large majority” of police officers “still willing to offer their lives for us at any given moment”.
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During a Q&A session at BNC#6 in Hermanus, BizNews founder Alec Hogg and Mavuso Msimang engaged in a candid discussion covering historical parallels between Brazil and South Africa, education reform, affirmative action, political leadership, and Ubuntu philosophy. Msimang emphasised the need for improved education, accountability in governance, and ethical leadership. Their conversation explored strategies for societal progress amidst challenges, with a call for more effective engagement and reform within political structures.
During a Q&A session at BNC#6 in Hermanus, Peregrine Capital Executive Chairman David Fraser discussed various topics including the hedge fund environment, small-cap investments, and South Africa's state-owned entities. Fraser noted increased hedge fund marketing and traction, particularly with lower volatility and higher returns. He delved into specific investments and challenges facing South Africa, such as load shedding and the future of the JSE. Fraser emphasised a pragmatic approach to investments, seeing potential short-term opportunities in South Africa and long-term potential in tech.
Just as his party is able to use its governance of the Western Cape as a ‘prospectus’ for voters, uMngeni executive mayor Christopher Pappas (32) can point to his own record since taking office in November 2021. And the fluent isiZulu speaker believes it’s a message resonating in a province where there is a growing realisation what you do at the ballot box can make a difference. With support for the ANC collapsing in KZN after the emergence of Jacob Zuma’s MK party, Pappas offers thoughts on the issues which will determine how votes are cast on May 29 - and shares his own message of hope for those in the embattled province. He spoke to Alec Hogg of BizNews.
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South Africa's Police Minister Bheki Cele hurled personal insults at crime fighter-turned-politician Ian Cameron at a heated community meeting in gang-infested Hanover Park this week. Cele went as far as to question Cameron's intelligence. This after Cameron questioned investigations being done poorly and leadership in SAPS being broken while Cele boasts of successful arrests, but without successful convictions. Cameron - who is heading to Parliament for the opposition Democratic Alliance (DA) - says Cele's response proves that he has "no clue about policing". In this interview with BizNews, Cameron also shares a list of names of murder victims he hopes will haunt Cele every time he closes his eyes.
During a Q&A session at BNC#6 in Hermanus, Purple Group CEO Charles Savage and tech guru Stafford Masie teamed up to discuss the potential of Bitcoin as a solution to global financial issues, its adoption trends, and its relationship with other cryptocurrencies. The pair explored regulatory challenges and technological advancements in the crypto space, emphasising the importance of understanding the market before investing. Their conversation touched on Bitcoin's potential role in wealth transfer and the importance of distinguishing between Bitcoin and other tokens. They addressed audience questions regarding investment strategies, legislative risks, and technological innovations in crypto wallets. Ultimately, they underscored the evolving landscape of cryptocurrency investment and its implications for individuals and institutions.
In a Q&A session at BNC#6 in Hermanus, Free Market Foundation CEO David Ansara discussed the intricacies of South Africa's institutional landscape and the challenges of deployment within the government. He emphasised the need for a sensible approach, particularly in light of political interference in economic affairs. Ansara highlighted the importance of private property rights, citing the Free Market Foundation's efforts to distribute title deeds. He warned against corporatism and advocated for a more fragmented approach to governance, drawing lessons from Argentina's experience with statism. Despite complexities, he urges proactive measures to avoid economic turmoil.
During his Q&A session at BNC#6 in Hermanus, Sean Peche emphasised the importance of investing in growing businesses without overpaying, focusing on quality rather than deep value alone. He discussed European banks like ABN Amro and Barclays as attractive investments due to low valuations and dividends. Peche also mentioned his preference for Hong Kong-listed Chinese stocks like Alibaba and Baidu over US-listed ones due to regulatory risks. Despite political uncertainties, he remains focused on fundamentals rather than making investment decisions based on election outcomes.
In a Q&A session at BNC#6 in Hermanus, Alec Hogg and Phil Craig discussed the potential for Cape Independence within South Africa. Craig advocates for a referendum on the matter, emphasising the importance of democracy and self-determination. He addressed concerns about international support, potential economic impacts like the oil and gas discovery, and the necessity for negotiations. Craig also discusses the boundaries and viability of an independent Cape, acknowledging the complexity of the issue. Despite challenges, he remains optimistic about the growing support for Cape Independence.
Every enterprise requires strong foundations and solid processes to succeed. Including politics, as we learn in this interview with DA Federal Council chair Helen Zille, who explains how meritocracy is applied inside SA’s official opposition. Zille also answers questions on the hot topics of the moment, including the impact of Jacob Zuma and MK; preparing for a coalition in national government; the threat of her DA losing its majority in the Western Cape; and the man calling it, Patriotic Alliance President Gayton McKenzie. She spoke to Alec Hogg of BizNews.
The Q&A session at BNC#6 in Hermanus between Alec Hogg and Wayne Duvenage delved into the need for leveraging the constitution and rule of law to hold municipalities accountable for their duties. Duvenage highlighted examples where communities have taken legal action against municipalities to compel them to fulfil their obligations. They discussed the importance of citizen involvement in local politics and the shortcomings of big business in supporting civil society initiatives. Duvenage emphasised the power of collective action in driving change and suggested alternative methods for funding activism. The dialogue also touched on the potential outcomes of upcoming elections, with predictions of decreased support for the ANC and potential growth for smaller parties.
During a Q&A session at BNC#6 in Hermanus, Alec Hogg and GG Alcock discussed the educational backgrounds of successful informal entrepreneurs and the challenges they face in accessing formal financial support. Alcock highlighted the importance of informal learning from family members and peers in entrepreneurship. He emphasised the role of organisations like Altvest in democratising finance and supporting small businesses, especially those led by women. They also discussed the need for transformative policies in housing and local governance to empower informal businesses. Additionally, they explored the rapid digitization of informal economies, with platforms like WhatsApp driving e-commerce growth. Despite challenges, Alcock's insights underscored the resilience and potential of informal entrepreneurs.
South Africans are about to enjoy a massive upgrade in the energy and competence of their lawmakers, with an army of fresh talent injected into Parliament after May 29 ushers in a governing coalition. Among Parly’s debutants who look set to make their mark are activist/broadcaster/entrepreneur Kathy Berman and Prince Zuzifa Buthelezi, son and heir of the late IFP leader. They spoke to BizNews editor Alec Hogg.
During a candid Q&A session at BNC#6 in Hermanus, Corné Mulder discussed the intricate dynamics of upcoming elections, emphasising the potential impact of tactical voting and coalition politics. Mulder scrutinised the ANC's strategies, cautioning against tampering with electoral systems and predicting potential shifts in power dynamics within the party. With insights into party dynamics and potential outcomes, Mulder painted a nuanced picture of the South African political landscape, highlighting the stakes and uncertainties as the nation approaches a critical electoral juncture.
Purple Capital's interim results showcase a remarkable turnaround, signalling a shift from startup to long-term player, as CEO Charles Savage explains. Highlighting the scalability of their business, Savage attributes the transformative results to strategic decisions and customer maturation. He emphasizes sustained profitability and resilience, projecting continued positive outcomes. While international expansion remains on the horizon, the focus remains on consolidating their local presence. With a projected annual growth rate of 25%, driven by market forces and customer behaviour, Savage anticipates sustained success. Reflecting on his journey, Savage emphasizes becoming more data-focused and customer-centric, ensuring future growth and confidently navigating challenges. He spoke to BizNews editor Alec Hogg.
In an enlightening Q&A session at BNC#6 in Hermanus, Magnus Heystek delved into the world of investment strategy. From navigating market uncertainties post-elections to assessing the tech sector's valuation and exploring offshore investment opportunities, Heystek shared valuable insights backed by years of experience. Discover his views on gold investments, India's market potential, and the ongoing challenges of timing markets in a dynamic financial landscape. Gain actionable investment advice and a deeper understanding of risk management from one of South Africa's seasoned wealth managers in this engaging and informative session.
IFP President Velenkosini Hlabisa took the stage at BNC#6 in Hermanus, outlining the party's strategic stance amidst challenges. Highlighting successes in recent elections and governance, Hlabisa addressed concerns about media bias, the Ingonyama Trust, and calls for secession, firmly advocating for unity and effective governance. With a focus on mobilizing voters and exploring post-election scenarios, Hlabisa's session showcased the IFP's proactive approach, resilience, and commitment to driving positive change in South Africa.
Regardless of the outcome of the 29 May 2024 Election, a “federal push is going to be more and more urgent”. So says David Ansara, the CEO of the Free Market Foundation (FMF) . Speaking to BizNews after the launch of the FMF’s campaign for Home Rule, he points out that the capacity of the State has been so fundamentally broken that it's going to take a “very, very long time” to fix. He also calls on the opposition Democratic Alliance (DA) to “recognise its bargaining power” and adopt an “aggresive posture” - in the same way the Economic Freedom Fighters (EFF) would - before entering into a possible coalition. “And the campaign for Home Rule is suggesting that those demands should be aggressive spreading of political power and authority down to the provincial and local level”. As part of the campaign, the FMF has published a paper, ‘Ask Forgiveness, Not Permission: Practical Steps Towards Home Rule in South Africa,’ in which it sets out the legal allowance of a fully-realised federal dispensation.
In his Q&A session at BNC#6 in Hermanus, renowned investor Piet Viljoen shared insights on his nuanced approach to property investment during an engaging discussion with Bronwyn Nielsen. Viljoen emphasised the importance of strategic capital allocation, patience, and emotional control in navigating market cycles. Touching on various topics including ESG investments and activism, Viljoen's pragmatic perspective offered valuable guidance for investors amidst evolving economic landscapes.
In his Q&A session at the BNC#6 conference in Hermanus, Capitec CEO Gerrie Fourie shared insights on optimism, innovation, and South Africa's future, emphasising the importance of mindset, education, and seizing opportunities. He discussed challenges in reducing cash transactions, expanding business banking, and leveraging AI for growth. Reflecting on Capitec's journey, he highlights the pivotal moment when the company's flywheel began to gain momentum, leading to exponential growth and transformative impact.
Following a weekend marked by harsh criticism from Naspers-owned media outlets and disparaging comments from the DA’s leader, Patriotic Alliance president Gayton McKenzie is advocating for harmony among opposition parties. The influential political figure points to the irony of this discord between opposition political parties whose prime objective should be unseating the ANC on May 29. Undisturbed by the controversy surrounding his efforts to enlist a DA councillor in its razor-thin majority Saldanha council - citing a ‘leaked’ hour-long recorded conversation whose content he firmly stands behind - McKenzie emphasizes the need for opposition leaders to exhibit humility and unite to dethrone the ANC. BizNews’ Alec Hogg sat down with McKenzie for an exclusive insight into his perspective - and the surprise offer of an olive branch to his persecutor-in-chief.
In his Q&A session at the BNC#6 conference in Hermanus, crime fighter and DA MP candidate Ian Cameron reflected on his years fighting violent crime, particularly in South Africa's troubled areas. He emphasised the need for community mobilisation within legal frameworks to combat crime effectively. Cameron anticipated a shift from civil society to political engagement, aiming to influence policy directly. He discussed his potential entry into Parliament and highlighted the importance of accountability in governance. Cameron also addressed issues like illegal firearms, advocating for a comprehensive approach involving both community action and law enforcement reforms.
Cy Jacobs, co-founder of 360NE, offered a deep dive into investment strategies and market insights during the Q&A session at the BNC#6 Conference in Hermanus. Discussing various topics, Jacobs shared his perspectives on companies like Tencent, Yourplay, Prosus, and Naspers in relation to the Chinese market. He also delved into investment opportunities in emerging markets like India and cautioned about the expensive valuation of companies like Discovery. Jacobs highlighted the risks and opportunities in Chinese tech companies, the impact of geopolitical tensions on investments, and the challenges and strategies involved in managing a hedge fund for consistent returns. His insights provided a comprehensive view of navigating global markets amidst geopolitical uncertainties and market dynamics.
The water crisis in South Africa is “like a massive avalanche that is coming down the mountain”. So says John Endres of the Centre for Risk Analysis. And he warns: “…I do not think that the government at the moment has a way to stem the avalanche”. Endres thinks that the current “urgency” being displayed by the government is “temporary” - and “a reflection of electoral panic”. He discusses concerns that water might become a national security issue ahead of the election. “…it's also relatively easy to disrupt…fiddling with the infrastructure, creating a bit of vandalism, creating a bit of chaos…” Endres says if the African National Congress (ANC) remains in charge after the election, “it needs a change of heart and…a bringing in of the private sector on honest and equitable terms rather than using it as a method of propping up the support levels in the elections”.
It is known that there is invisible gold, which consists of minuscule particles locked inside other minerals in the mine dumps found all over the Johannesburg and Witwatersrand area. What makes Chingwaru’s research noteworthy is that, as a Master’s degree student whose research was upgraded to a PhD, he is the first scholar to calculate that the six billion tons of tailings around the Witwatersrand mines contain up to 460 tons of gold. In an interview with Biznews, Chingwaru said that the tailing dumps in the Johannesburg area are being reprocessed by mining companies, but they are only achieving a 30% recovery rate. He set out to locate the remaining 70% and determine how to safely extract it from the pyrite. Chingwaru’s research has attracted the attention of major mining companies, and he has also received interest from China. Armed with his PhD, he plans to venture overseas to expand his knowledge of mining. However, he intends to return to Africa to promote sustainable mining practices for South Africa and the African continent. Chingwaru is the grandson of the legendary prospector, George Nolan who discovered lithium in Zimbabwe.
Polling results released today by the Social Research Foundation show a continued slide in support for SA’s ruling political party. SRF chairman Dr Frans Cronje says the poll’s conclusions on the impact of Jacob Zuma’s MKP are consistent with what has been reported in other recent polls. The newcomer’s current 13% slice has established it as SA’s third biggest political party behind the ANC and Democratic Alliance (25%). Cronje outlines the possible alternatives for politicians, and by extension all South Africans, in the unlikely event that these figures are held in the next 49 days. He spoke to BizNews editor Alec Hogg.
In a Q&A session at BNC#6 in Hermanus, PA President Gayton McKenzie asserted his leadership ambitions and vision for South Africa in a dynamic exchange. McKenzie emphasised his ambitions to be premier in the Western Cape, highlighting the region's diverse demographics and his commitment to breaking traditional voting patterns. Amid coalition challenges in Knysna, McKenzie critiqued governance and vowed water accessibility for all. With bold promises and sharp criticism, McKenzie sparked debate on race, leadership, and socio-political dynamics in South Africa.
A landmark agreement has been signed for a R9 billion innovative nuclear reactor in South Africa. In this conversation with BizNews, the partners to that agreement Stephen Edkins and Warren La Fleur of Koya Capital and Dr. Kelvin Kemm of Stratek Global, share the details and provide a timeline. The First of a Kind (FOAK) Small Modular Reactor (SMR) will have the capacity to generate 100MW of heat and 35MW of electricity. It is expected to break ground before the end of the year. Apart from the South African market, there's been “a lot of interest” in the venture, not only from African countries, but from countries like Australia, Canada, Indonesia, and the Middle East.
In a dynamic dialogue with entrepreneur and [retired] political activist Rob Hersov at BNC#6 in Hermanus, the BizNews favourite delved into the intricacies of South Africa's political landscape and the impending 29 May elections. Hersov emphasised the potential formation of coalitions, foreseeing a delicate balance between the ANC, DA, and Patriotic Alliance. He underlined the paramount importance of protecting property rights to avert economic collapse and also touched on foreign influences, economic strategies, and the role of leadership in advocating for change.
Judges in MK Party/Zuma case against IEC, ‘took the soft option’ – Prof Theo Venter
Former President Jacob Zuma can contest the election as one of the candidates for the uMkhonto weSizwe Party. It follows after the Electoral Court dismissed the Independent Electoral’s (IEC) objection to Zuma’s inclusion because he has been convicted of a crime. It will mean that Zuma could be back in Parliament if the MK Party garners enough support on 29 May. Political analyst, Prof Theo Venter said in an interview with Biznews that the judges took the soft option rather than strictly adhering to constitutional principles. Zuma, he says has the cunning ability, like former U.S President Donald Trump to put the system under pressure. Venter said he believes that the five judges on the bench were swayed by extra-judicial issues like the potential for violence. Should the IEC decide to take the matter to the Constitutional Court, Venter said it would not be before the elections. He described the May elections as almost unpredictable, now. Zuma’s inclusion on the MK Party’s ballot is going to be a game-changer, Venter said.
Mmusi Maimane, the leader of Build One South Africa (BOSA), discussed his political inspiration and strategy at the BizNews Conference BNC#6 in Hermanus. Drawing parallels with Macron's centrist approach, Maimane emphasised pragmatic solutions over ideological divides. He highlighted BOSA's focus on citizen empowerment, transparency in candidate selection, and grassroots engagement bolstered by a robust online presence. Addressing challenges such as voter intimidation and the need for job creation, he outlined a vision for a post-ANC South Africa, appealing to dignity and shared prosperity. With a strategic organization of over 40,000 activists, Maimane aims to shift the political landscape towards a centrist, values-driven governance model.
South Africa grapples with a crisis of gender-based violence, recording some of the world’s highest rates of violence against women and girls. To address the urgent need of sexual assault victims in the Cape, Professor Wolfgang Schöneberg and Dr Edwin Herzog spearheaded a collaboration with a group of stakeholders including the National Prosecuting Authority (NPA). It has resulted in the establishment of the first-of-its-kind Stellenbosch GBV centre in Ida’s Valley, which opened its doors in February. Adv. Bonnie Currie-Gamwo, the Special Director of Public Prosecution: Sexual Offences and a pivotal figure within the GBV Leadership Group, sheds light on the escalating rates of GBV, despite numerous interventions, in an interview with Biznews. She highlights the diverse range of victims, spanning from children as young as six to individuals in their fifties and males, who have found solace and support within the newly opened centre. Currie-Gamwo emphasises the crucial role played by collaborative efforts between the private and state sectors in providing comprehensive care for victims of GBV, expressing her aspirations to replicate this model across South Africa.
During his Q&A session at BNC#6 in Hermanus, Frans Cronje discussed the shifting landscape of South African politics, emphasising the inevitability of coalition governance. He highlighted the decline of ANC dominance, suggesting a future where no single party holds executive control. Cronje underscored the importance of private actors navigating this transition for societal progress. Despite concerns, he believes in the resilience of institutions against worst-case scenarios, advocating for policies fostering economic growth and certainty to unlock business investment.
Political scientist RW Johnson shook up the BNC#6 conference in Hermanus with his explosive insights on the ANC's uncertain future. Revealing unprecedented polling data, Johnson highlighted the meteoric rise of MK and its potential to disrupt the political landscape, leaving the ANC scrambling for coalition partners. From KwaZulu-Natal's seismic shifts to the Eastern Cape's unexpected dynamics, Johnson painted a vivid picture of South Africa's evolving political landscape. As smaller parties gain traction and youth apathy looms, Johnson's stark assessment leaves attendees pondering the nation's trajectory and the elusive search for a way out of the current political quagmire.
In the question and answer session after his keynote address at BNC#6 in Hermanus, Herman Mashaba, president of ActionSA, defied pollster predictions, highlighting his party's growth and anti-corruption stance. He championed tough measures against crime and emphasised merit-based governance. Mashaba's entrepreneurial background informs his pragmatic approach to politics, focusing on fiscal responsibility and service delivery. He dismissed concerns over the ANC's grip on power, prioritising voter choice. His message promoted a united, prosperous South Africa built on empowerment and opportunity.
Former Eskom COO Jan Oberholzer delved into the intricacies of Eskom's challenges and potential solutions during a dynamic Q&A session at the BNC#6 conference in Hermanus. From regional energy strategies to financial hurdles and personal reflections on leadership, Oberholzer's insights shed light on the complex landscape of South Africa's energy sector and the ongoing efforts to navigate its complexities.
A lot of bad blood” between President Cyril Ramaphosa on the one hand and Economic Freedom Fighters (EFF) Julius Malema and Floyd Shivambo as well as MK leader Jacob Zuma is likely to prevent a coalition between the Radical Economic Transformation (RET) parties and the ruling African National Congress (ANC). Instead, the ANC is more likely to team up with the opposition Democratic Alliance-led Multi-Party Charter (MPC) for a post-election coalition government. So says Senior Africa Analyst Ziyanda Stuurman of the Eurasia Group in this election preview with BizNews. “…in a lot of conversations I've had with political leaders as part of my day job, a thread that's very clearly coming through is that none of them want the EFF anyway close to real power or authority. And I think that that's a pretty powerful kind of motivating force, particularly then when you add the MK into that sort of mix.” She also says that MK is not just an ANC problem, but “an everybody’” problem - and that its advent on the political scene is changing the campaign strategies of a number of parties.
Renowned investor and Peregrine Capital's Executive Chairman David Fraser delivered an electrifying keynote at the BNC#6 conference in Hermanus providing profound insights and strategies. Unveiling Peregrine Capital's 25-year journey and investment philosophy, Fraser emphasized disciplined research, flat structures, and equity alignment as cornerstones for consistent returns. His candid revelations on proactive risk management and strategic portfolio adjustments during market downturns captivated the audience, showcasing a visionary approach to investment. Fraser's bullish stance on South African and Chinese markets, coupled with a focus on small-cap gems and global diversification, provided a roadmap for navigating dynamic market landscapes. His speech was a beacon of innovation, setting a new standard for savvy investing.
The DA’s four year court battle to expose details on its rival’s destructive Cadre Deployment policy will reach bursting point at the worst possible time for the ANC. With service delivery collapsing as a direct result of State Capture, the court-enforced disclosures are set to come just one month from Voting Day. This week, in a ‘6-love’ victory for the DA, the Gauteng High Court ruled that the ANC must hand over computers and disclose gory details on how the Ramaphosa’s-led committee put party loyalists where and when. The ANC previously applied liberal use of koki-pens to ‘redact’ names and other details from 1 300 pages of documents the court forced it to hand over. DA shadow minister Leon Schreiber explained implications of the latest judgement to Alec Hogg of BizNews.
Songezo Zibi of Rise Mzansi is telling John Steenhuisen, the leader of the Democratic Alliance (DA), not to be a “cry baby” over his decision to challenge the DA in the Western Cape. “This is not personal,” he says. Zibi has also assured the business sector that there is no need to fear land expropriation and BEE. In an interview with BizNews, he explains the party’s stance on land expropriation, stating that his position aligns with South Africa’s constitution, which allows for land expropriation with compensation, similar to cases involving mines or dams. He dismisses claims of supporting a land grab. Zibi dissects the party’s BEE policies and differentiates between the cronyism practiced by the ruling African National Congress (ANC) and Rise Mzansi’s aim to empower those who have been left out. His party is aiming for at least 12 to 20 Parliamentary seats. Zibi also comments on criticism of his support for South Africa’s genocide case against Israel, stating that Rise Mzansi cares about the lives of all humans, whether they are Israeli, Palestinian, or Ukrainian.
In our regular recap on the past month’s investment market performance, Corion’s David Bacher puts the SA share market run in perspective. Like the China v India story for Emerging Market investors, to have won you needed to be on the right horse - resources - and avoided supporting the month’s donkey - financial services. Bacher spoke to Alec Hogg of BizNews.
Stafford Masie's electrifying keynote at the BNC#6 conference in Hermanus delved deep into the transformative power of Bitcoin and the impending AI revolution. With bold insights, Masie challenged conventional notions of money and work, urging listeners to grasp the significance of these paradigms in the digital age. Masie's compelling narrative intertwined the rise of Bitcoin as a disruptive force in global finance, especially resonating with Gen Z's disillusionment with traditional banking systems. He painted a vivid picture of a future where Bitcoin, AI, and generational shifts converge to usher in an era of unprecedented opportunity and financial empowerment, leaving his audience inspired and reimagining their path to prosperity.
Over 2000 complaints of corruption were received by Corruption Watch last year (2023). In this interview with BizNews, Executive Director Karam Singh speaks about the large number of complaints received in the policing- and the private sectors, as well as basic education, and state-owned enterprises. He warns that “it's not clear that if a new state capture project were to emerge, that we have sufficiently learned and put safeguards into the system to protect us going forward”. He stresses the need to establish “a dedicated, fully capacitated, fully funded, independent anti-corruption agency to help drive governments' initiatives and to ensure that we have the best approach, particularly from a law enforcement standpoint, similar to what we had previously with the Scorpions when it comes to the fight against corruption going forward”. Corruption Watch released its annual report today. - Chris Steyn
David Ansara's keynote speech at BNC#6 in Hermanus highlighted the failing South African state and the need for state-proofing strategies. He emphasized the root causes like state capture and ideological perpetuation by the African National Congress. Advocating for federalism and decentralised governance, he encouraged active resistance against the status quo. Practical measures included minimising tax exposure and supporting civil society organisations. Ansara stressed the importance of coordinated efforts for change amidst the collapsing state.
Many South African companies are re-evaluating their remote work policies, favouring a return-to-office approach. However, Anne Rutledge, Executive Director-Talent Solutions from Resourgenix says the concept of hybrid work, which allows for a blend of office and home-based work, is a lasting trend. In this interview with Biznews, Rutledge maps out how companies can carefully transition their existing staff back to the office to find a balance between remote and in-office work. She suggests a redesign of the office space to encourage collaboration and provide flexibility, noting the prevalence of hot desking in South Africa. It does not need to be a huge revamp, she says. For a new generation of workers, she says an office environment is important for support and guidance from their peers to progress. Hot desking, she says, is popular in South Africa. Acknowledging the global talent shortage, particularly acute in South Africa, Rutledge recommends rethinking work practices and possibly supplementing permanent staff with flexible, contingent workers. She also observes a gender disparity in the desire to return to the office, with more men than women expressing interest, and underscores the need to prioritise mental wellness initiatives given the blurred boundaries between work and personal life. As for the future of what people wear in the office, she says suits and ties have been pushed to the back of the cupboard, with individuality and a relaxed dress code coming to the fore. - Linda van Tilburg
In an impromptu keynote speech at BNC#6 in Hermanus, Cy Jacobs highlighted challenges in beating passive indices and his optimism for investing in South Africa's political climate. He emphasised the need for active management to outperform indices consistently. Jacobs also expressed positivity regarding the US election outcome and bullishness on Chinese tech companies due to valuation disparities and regulatory shifts. He identified potential opportunities in quality South African assets like Grindrod and Zeta.
During his keynote address at BNC#6 in Hermanus, Phil Craig asserted the viability and necessity of Cape Independence. The Referendum Party leader highlighted the threat of African nationalists and the Western Cape's economic struggles under national governance. Craig urged action, emphasising the need for a referendum, contending that the DA's reluctance poses the main obstacle. He advocated for supporting the Referendum Party to pressure the DA while cooperating with them. Craig emphasised that 2024 voting would determine the region's future.
ANC Veteran Mavuso Msimang's keynote address at BNC#6 in Hermanus highlighted the ongoing challenges and opportunities in post-apartheid South Africa. From discussing the legacy of Nelson Mandela's compromises to advocating for inclusive education and vocational training, Msimang emphasized the need for unity and progress across racial divides. He pointed out the disparities in the middle class and underscored the importance of understanding history to shape a better future for all South Africans. Msimang's call for science-based affirmative policies and Black entrepreneurial support resonated with the audience, sparking conversations about sustainable development and social inclusion in the country.
In this powerful interview, SA’s Chief Rabbi, Dr Warren Goldstein, calls out the ANC on the hypocrisy of its leadership and many other failures, sharing why he believes South Africans must vote the party out of power on May 29. In a break with the timid silence of SA spiritual leaders, Dr Goldstein explains why he believes SA needs a very different government: aligned with other democracies, not one cosying up with authoritarian regimes in Iran, Russia and China. Fresh from addressing an AIPAC conference in the US, Dr Goldstein shares his message there - that instead of supporting Hamas and its ilk, SA should be playing a leading role in helping Africa’s 600m Christians repulse escalating Jihadi terror attacks in Mozambique, Nigeria and elsewhere on the continent. He spoke to Alec Hogg of BizNews.
During her nightcap session with BizNews founder Alec Hogg at BNC#6 in Hermanus, author Anthea Jeffery, a prominent member of the Institute of Race Relations, discussed her book "Countdown to Socialism" and the implications of socialist policies in South Africa. She delved into the history of the ANC's involvement in violence and its subsequent implementation of the National Democratic Revolution. Jeffery highlighted the detrimental effects of socialist policies on economic freedom and social justice, emphasizing the need for policy reform based on constitutional principles. Additionally, she discussed international influences on South Africa's political landscape, including Russian and Chinese involvement.
In his keynote speech at BNC#6 in Hermanus, Ranmore's Sean Peche discussed the significance of AI in various industries, emphasising its role in data-driven decision-making. He highlighted how AI benefits food retailers by optimising inventory management and reducing wastage. Peche also examined AI's impact on banks, noting its role in cost reduction and improved services. Through cautionary tales of overvaluation in companies like Cisco and Sun Microsystems, he advised against speculative investing and advocated for steady growth investments.
WildEarth, a beloved channel on MultiChoice renowned for its captivating African stories and wildlife content, faces imminent removal from DStv. Having been a staple on MultiChoice for over three years, WildEarth has become a household name, entertaining and educating a global audience. Despite prior assurances from MultiChoice, the company has failed to uphold its commitment to fund WildEarth, prompting WildEarth’s decision to remove itself from DSTV at the end of April. In response to the decision, a petition has been initiated by a viewer to rally support for WildEarth, and a fundraising campaign has thus far managed to garner R4.7 million ($250,000) in just 72 hours. The Chairman of WildEarth, André Crawford-Brunt, said in an interview with Biznews that he hoped that MultiChoice would reconsider its stance and honour the earlier commitment it made to fund WildEarth. Without that, WildEarth can’t afford to stay on DSTV. Crawford-Brunt described it as a David versus Goliath scenario whereby WildEarth, with 72 people, is standing up to MultiChoice, a multi-billion rand company. He said MultiChoice purported to support local content and creative talent in South Africa and are prepared to pay for channels like National Geographic and Discovery, but not for great content from South Africa like WildEarth. This channel has enabled audiences to see a little piece of Africa from their couches, he said, and has grown over the past three years to become a household name. WildEarth is being “dismissed by a big corporate in a White Ivory Tower,” he said
Political scientist and former Oxford University Don RW Johnson shares key insights from SA’s most authoritative pre-election survey - the only one conducting face-to-face nationwide interviews rather than phone surveys. He says the results support the view SA’s politics has changed more in the past two months than in the previous 20 years. Johnson points out that the collapsing ANC vote (just 41% nationally) remains fragile, and with the trend continuing, everything points to a coalition government after May 29. Moreover, provincial voter patterns suggest pressure for greater devolution or even secession secession will grow, particularly from KZN. He spoke to BizNews editor Alec Hogg.
In his keynote address at the BNC#6 conference in Hermanus, Inkatha Freedom Party (IFP) president Velenkosini Hlabisa delivered a powerful message, advocating for integrity and principled leadership in South Africa's government. Hlabisa emphasized the IFP's track record of effective governance, highlighting their commitment to transparency, accountability, and serving the nation's interests above personal gains. He urged voters to prioritize integrity and principles when choosing leaders, emphasizing that a strong voice for the IFP within the coalition government is essential for ensuring good governance and addressing the country's pressing challenges. His call to action resonated with attendees, emphasizing the crucial role of integrity in shaping South Africa's future.
In his keynote address at BNC#6 in Hermanus, crime-fighter and DA MP candidate Ian Cameron emphasised the importance of choosing hope over hopelessness and service over self-interest in tackling crime. Urging action, he highlighted civil society's role and shared the inspiring story of Liezel de Jager, who exemplified hope and service. Cameron outlined practical steps, including defining purpose, setting goals, and fostering accountability. He stressed simplicity, preparation, and personal accountability, quoting Theodore Roosevelt to underscore the significance of active engagement in societal issues.
In his riveting address at BNC#6 in Hermanus, renowned fund manager and wealth advisor Magnus Heystek delved into the intricacies of the financial world. With a keen focus on distinguishing independent advisory services from traditional fund management, the Brenthurst Wealth director and investment strategist emphasised the importance of navigating the vast array of investment options both locally and globally. Heystek's insights on offshore investments, economic cycles, and the evolving South African landscape provided valuable guidance for investors seeking to safeguard their wealth and capitalize on emerging opportunities.
In his keynote address at BNC#6 in Hermanus, FF-Plus chief whip Corné Mulder emphasised the need for coalition unity in challenging the ANC's power grip in South Africa. Mulder, a veteran opposition figure, highlighted the failures of the ANC and the importance of embracing diversity while advocating for decentralised decision-making. He stressed the significance of coalitions in achieving better governance and stability, particularly in the upcoming elections, where he anticipates the ANC's decline.
In a surprising turn at BNC#6 in Hermanus, Entrepreneur, activist and keynote speaker Rob Hersov ditched his meticulously crafted speech, opting for authenticity over rhetoric. Reflecting on advice from peers and family, he abandoned the scripted narrative to speak from the heart. Revealing hard truths about South Africa's political landscape, he challenged the status quo and called for urgent reform. With a candid approach, he bid farewell to political activism, prioritising family and truth above all else.
In his candid keynote speech at BNC#6 in Hermanus, Patriotic Alliance (PA) president Gayton McKenzie rejected aligning with the Democratic Alliance (DA), criticising their constant self-comparisons with the African National Congress (ANC) and asserting the need for a different political approach. McKenzie emphasised the need for accountability, highlighting successes in local governance and proposing solutions for South Africa - most prominently the mass deportation of illegal foreigners. His speech underscores a call for unity and self-accountability across racial lines to address South Africa's challenges.
Had he been able to see it, the perpetrator of South Africa’s biggest-ever corporate fraud would have enjoyed delivering his usual scathing criticism of the media. Initial reports on Markus Jooste’s death were wide of the mark - as often happens in cases like this as those delivering the news have to rely on “usually reliable sources” who are often not so. This morning BizNews editor Alec Hogg went to the spot where the one-time king of giant multinational Steinhoff took his own life. Here is Hogg’s report on what he found.
Photo credit: Sunette van Niekerk
When UCT student Alexandria Procter was seeking accommodation or "digs" in student parlance in 2018, she encountered significant challenges. Procter shared with Biznews in an interview that as a member of the university’s Student Representative Council, she discovered she was not alone; in fact, three-quarters of the university's students were facing similar difficulties. This predicament is reflective of a broader issue across universities in South Africa, where accommodation is only available for a fraction of the student population, typically between 5 and 20%. Faced with this dilemma, Procter conceived what she deemed a simple yet impactful solution: a website and app to connect landlords with students. Over the course of a weekend, she brought this idea to fruition. The app and website quickly gained traction, culminating in the founding of DigsConnect. In 2019, Procter set out to raise R2 million, a standard figure for a South African startup. However, the response exceeded expectations, with investments totaling R12 million. This marked the beginning of DigsConnect's journey of growth and expansion beyond South Africa's borders. Procter's entrepreneurial success also led to notable recognitions and opportunities. She was invited by President Cyril Ramaphosa to join the board of the National Redevelopment Agency and represented South Africa at international forums such as the G20, COP28, and BRICS summits. However, she encountered what Proctor describes as a classic founder mistake: The business grew too fast. In response, she made the decision to scale back operations, focusing on the South African and United Kingdom markets while prioritising long-term sustainability and her personal well-being.
Procter's journey is chronicled in her book titled "Upstart."
The Organisation Undoing Tax Abuse (OUTA) has slammed The Draft Integrated Resource Plan 2023 (IRP 2023) as “sloppy, inaccurate, out of date”. OUTA’s CEO Wayne Duvenage says it is so “inadequate that it makes a mockery of the public engagement process”. He warns that if it is not torn up and redone properly, OUTA will go to court. “We need our government to actually start applying the demands when it comes to what is in the best interests of this country, of business, of the economy and its people and the consumers. And they're not demonstrating that. So what we believe will happen going forward is if they don't demonstrate that on this specific matter, then they will be hauled off to court.”
In his keynote address at BNC#6 in Hermanus, Mmusi Maimane delivered a powerful message to delegates. He emphasised unity, vision, and values for a prosperous future beyond the ANC era. Drawing parallels from history and biblical narratives, Maimane urged leaders to transcend racial divides and focus on long-term solutions. Maimane highlighted the importance of education, healthcare, infrastructure, and electoral reform in building a better South Africa for all.
The saying ‘’n Boer Maak ‘n Plan’ is well-known in South Africa symbolising our inherent ability to improvise to solve problems. Currently, one of the most pressing issues confronting our farming community is the scourge of blackouts, which has had devastating consequences, particularly for poultry farms. The onset of record-breaking blackouts earlier this year resulted in the culling of millions of chicks, underscoring the urgent need for a sustainable solution. In response, the Southern African Agri Initiative (SAAI) has embarked on an initiative, partnering with C5 Capital, a venture capital firm based in Washington, to spearhead advanced nuclear energy solutions for agriculture in South Africa. SAAI CEO, Francois Rossouw told Biznews that recent surveys indicate that 56% farmers suffered income losses due to blackouts, with 75% forced to adapt their farming practices to mitigate the impact. Some farmers have been compelled to abandon their livelihoods altogether, as the profitability of farming has been severely compromised. While solar energy has been embraced by farmers, he said nuclear energy is more sustainable and reliable with no downtime. Rossouw said the scalability of nuclear power is also very attractive. C5 Capital is raising R9 billion to build the first small modular reactor (SMR). This strategic partnership with the agricultural sector builds upon C5 Capital's existing plans to deploy SMRs for energy consumption by leading data centres in the Western Cape. South Africa has a rich history of nuclear innovation, with the pebble bed modular reactor development project being abruptly halted during the tenure of former President Jacob Zuma. The first unit is expected to be completed by 2029.
Arnie Witkin is a seasoned investment manager and private equity professional, has led a multifaceted career. After retiring, he transitioned into a speechwriter, executive coach, and mentor. For over six decades, he diligently recorded his thoughts, and around the age of 80, he decided to compile them into a book for his grandchildren. From there it gained momentum and he decided to self-publish a book, titled It's Not a Big Thing in Life, which is a guide on how to get from anxiety to action. The book caught the attention of Portia Smit from the Western Cape Education Department, who described it as a ‘genuine blessing’ for her parenting journey” and it is now part of the Department’s curriculum for Life Orientation .In an interview with Biznews, Witkin said that his main philosophy is that you are responsible for yourself, no matter what your circumstances are. His silver bullet to stop being like the Charles Dickens character, Miss Havisham is to put your thoughts down on paper to transform worries into tangible steps forward. Additionally, he shares strategies for navigating social media and emphasises the importance of humour in coping with challenges.
During his interview and Q&A sessions at BNC#6, renowned South African businessman Christo Wiese addressed the nation's pressing issues and potential pathways for progress. Wiese emphasised the need to address bureaucratic red tape hindering economic growth, advocated for privatisation of state-owned entities, and reflected on the complexities of corruption and justice in the country. Wiese also shared, for the first time, the story of when he first found out about the Steinhoff saga. Despite challenges, he remains cautiously optimistic about South Africa's future, urging proactive citizen engagement and a nuanced approach to governance.
Money manager Piet Viljoen's keynote address at BNC#6 in Hermanus unveiled the challenges and opportunities of value investing amidst the dominance of index funds. Drawing parallels to historical frauds and market shifts, Viljoen emphasized the importance of active management, focusing on small, undervalued businesses with competent leadership and active share buybacks. The speech warns against blindly following indices, especially when large-cap stocks dominate, echoing Warren Buffett's cautionary analogy about bull markets. He urged investors to adopt a nuanced approach, seeking out solid fundamentals and strategic capital allocation for long-term outperformance in today's dynamic investment landscape.
In his keynote address at BNC#6 in Hermanus, 'Kasinomics' expert GG Alcock delved into the informal sector economy, highlighting the resilience and potential of 'Kasipreneurs'. Drawing from personal experiences and case studies, he showcased the success stories of individuals that he has worked with, emphasising their ability to thrive despite challenges like load shedding and limited resources. Alcock highlighted the importance of recognising and supporting these informal businesses, which play a significant role in driving economic growth and creating opportunities in communities. Through initiatives like WhatsApp loyalty programs and rural farming programs, he advocates for a shift in focus towards empowering existing informal businesses rather than solely promoting startups.
A BizNews interview in April last year connected SA’s original Whistleblower, Wendy Addison, and two former Old Mutual executives whose internal flag-waving was studiously ignored. The Cape-based financial services company has been under relentless attack of late because of an allegedly toxic sales culture reflected in mis-selling and non-disclosure. In this interview, Addison explains how efforts by the whistleblowers and her organisation SpeakOut SpeakUp were stonewalled by the company. Old Mutual is now being investigated by the Financial Sector Conduct Authority, which has the power to levy enormous fines.
In an insightful nightcap session BizNews founder with Alec Hogg at BNC#6 in Hermnaus, Pick 'n Pay CEO Sean Summers shared the pivotal moments that led to his return to Pick 'n Pay, emphasizing the importance of caution and strategic decision-making in leadership. Reflecting on his career journey from a young training manager to CEO, Summers discussed the evolving landscape of retail, the enduring value of family-owned companies, and the imperative of creating meaningful customer experiences. He also addressed the challenges facing South African retail and advocated for civic engagement, urging individuals to make their voices heard through voting. Summers' wisdom and vision offer valuable insights for navigating the complexities of modern business and societal responsibilities.
In his keynote address at the BNC#6 conference, Clem Sunter delved into the intricate methodology of scenario planning, emphasising the importance of studying current challenges and adjusting interpretations based on evidence. He highlighted key global flags such as religious tensions, leadership dynamics, geopolitical risks, and climate change concerns. Sunter also addressed economic challenges, social polarisation driven by social media, and the looming impact of ageing populations. With a focus on South Africa, he discussed the upcoming pivotal election and the need for inclusive economic growth and infrastructure development. Sunter's insightful analysis provides a clear roadmap for navigating complex global challenges.
In his keynote address at BNC#6 in Hermanus, Herman Mashaba - once a capitalist, now a politician - highlighted South Africa's upcoming elections, the most pivotal since 1994. He discussed his own journey from entrepreneur to mayor, emphasising his commitment to serving the nation. Focused on combating corruption and aiding the poor, Mashaba founded ActionSA. Rejecting divisive policies, his party aims for a non-racial South Africa. With a platform emphasising economic empowerment and education reform, they urge voters to support their transformative vision.
In his keynote address at BNC#6 in Hermanus, Capitec CEO Gerrie Fourie detailed the bank's storied journey, emphasising early differentiation, client-centric culture, and digital innovation. Despite COVID challenges, they adapted, focusing on digital growth and expanding into emerging markets like townships. Their strategy includes diversifying into insurance and acquiring Mercantile, aiming to unlock the potential of small businesses. With a vision for international expansion and a digital ecosystem, Capitec remains committed to simplicity, transparency, and empowering clients.
Billionaire Rob Hersov is under fire for lambasting business leaders and corporates whom he believes are appeasing the government. Leading the charge is Marc Lubner, the chairman of various notable corporate and humanitarian organisations. He says they are doing their “damnedest to bring about positive change while working with the powers that be”. While Hersov has reserved “a special place in hell” for business leaders who “are not standing up and speaking truth to power”, Lubner says corporates and individuals targeted by Hersov have the option of either allowing the country to collapse beyond the point of no return or to act as positively as possible. He appeals for more positive interaction between the private sector, government and civil society, and gives examples of engagements that “should be exemplified rather than necessarily vilified”.
In his keynote address at the BizNews Conference in Hermanus, SRF Chairman Dr Frans Cronje shed light on South Africa's evolving political landscape, emphasising the need for strategic analysis over simplistic labels like "positive" or "negative." Cronje delved into the country's economic trajectory, challenges faced by Eskom, and shifts in political power dynamics, including the upcoming election's potential outcomes. Despite gloomy outlooks, Cronje highlighted South Africa's resilience, with private sector interventions, moderate public opinion, and the advantages of geostrategic positioning offering avenues for growth and stability. Cronje's keynote address encapsulated his insights on navigating South Africa's complexities while remaining cautiously optimistic about its future.
OUTA CEO Wayne Duvenage delivered an impassioned keynote speech at BNC#6 in Hermanus, highlighting the power of civil society in challenging corruption. He emphasised the need for co-governance, coalition governments, and active citizen participation to address critical issues like the failed E-toll scheme and the challenges facing cities like Johannesburg. Duvenage urged corporate South Africa to invest in communities and support civil activism, emphasising that constructive action is key to fixing the country's problems.
The BizNews Conference in Hermanus was kicked off by Annelie Rabie, Executive Mayor of Overstrand, who delivered a compelling opening address, showcasing the municipality's remarkable achievements and ongoing challenges. Despite facing rising Eskom costs, wage system constraints, and environmental disasters, Overstrand has maintained financial stability, receiving accolades for service delivery and sustainability efforts. Mayor Rabie emphasised the importance of prudent financial management, effective governance, and addressing broader issues like climate change and infrastructure funding. She highlighted Overstrand as a resilient and attractive investment destination, offering insights into navigating local government challenges while promoting sustainable development and economic growth.
At the BizNews Conference in Hermanus, Democratic Alliance leader John Steenhuisen responded to some pointed questions from the audience, 500 of whom were in attendance. Delegates pressed him on the prospect of a post-election coalition between his party and the ruling ANC; the potential influence of Russia in the vote and many other issues of importance.
Local money managers are spoilt for choice in JSE-listed stocks with the ‘SA doom and gloom’ narrative and uncertainty about the pending National Election pushing prices to bargain basement levels. Among the most appealing is Fortress Fund, delivering a near 8% after-tax yield following its conversion from a REIT after its capital restructure in January. This is the kind of investment Warren Buffett tells us to look out for - one where a dollar in assets can be acquired for a quarter. Fortress CEO Steve Brown spoke to BizNews editor Alec Hogg.
In his keynote address to the BizNews Conference, leading South African entrepreneur Christo Wiese drew on the famous statement made almost a century back by then Prime Minister Jan Smuts who described SA as a country where things are never as good as they should be, but never as bad as they could be. In this inspirational address, the man who built Shoprite and Pep into massive corporations offers perspective on where SA sits in a troubled world, concluding that the depressing narrative is overblown.
At last week’s BizNews Conference, political scientist RW Johnson explained why, for South African voters, facts are finally trumping feelings. Drawing on developments post-1994, especially within the African National Congress, the long-time Oxford Don argued the country has now reached a point where its politics has become ‘secular’ - the old religious-type loyalty for the liberation party being replaced by focus on realities affecting our daily lives. The consequences are likely to be reflected when votes are tallied after May 29 - with potentially dramatic results awaiting the nation.
A “reverse take-over” of the ruling African National Congress (ANC) by former President Jacob Zuma’s increasingly popular MK party and the Economic Freedom Fighters (EFF) is “emerging as a possibility”. So says Ray Hartley, the Research Director of The Brenthurst Foundation. He speaks to BizNews following the release of the foundation’s Survey of South African Voter Opinion. According to that survey, MK will rake in 13% of the vote in the upcoming National Election and the EFF will get 10%, while the ANC will be down to 39%, and the opposition Democratic Alliance (DA) up to 27%. In this Interview, Hartley looks at the possible coalition formations that could result, and describes how that would determine the trajectory of the country. He also points out that the Independent Electoral Commission (IEC) faces a “really difficult situation” - and warns that if it excludes the MK Party, “there’s going to be chaos, certainly in KwaZulu-Natal, and possibly elsewhere”. - Chris Steyn
Alec Hogg and John Steenhuisen had a riveting interview after the DA leader's hard-hitting keynote speech at BNC#6, delving into South Africa's upcoming election chaos. The pair discussed the potential for socialist dominance, ANC discord, and the critical role of voter turnout. With global parallels and looming financial implications, this discussion is a must-watch for anyone invested in South Africa's future.
John Steenhuisen, leader of the Democratic Alliance (DA) and the opening keynote speaker at BNC#6, delivered a very simple message to delegates and attendees. It's the Multi-party Charter (MPC) versus the "Doomsday Coalition" of the ANC, EFF and MK party in South Africa's 2024 election. Steenhuisen highlighted the great work done and progress made by other MPC parties, lauding the IFP's recent manifesto launch, and emphasised the collaborative spirit of the MPC. But he also warned of the dire consequences of a "Doomsday Coalition" national government, citing the crisis in Knysna as a key example. The DA leader concluded his speech with a rallying call to vote against the "corrupt, maladministrators, crooks and cadres" and for the unity and good governance of the MPC. Steenhuisen's closing words, "On the 29th of May, vote soberly and vote like your life depends on it, because in this election it really does," underscore the watershed nature of South Africa's 2024 elections. - Patrick Kidd
The African National Congress (ANC) reacted with anger when their candidate list for the May elections leaked due to what the Independent Electoral Commission (IEC) called an “internal glitch.” An ongoing investigation by the IEC aims to determine how this leak occurred. President Cyril Ramaphosa expressed his concern, stating that it “undermined and brought the IEC into disrepute.” However, he remains confident in the IEC’s processes and is satisfied with the commission’s explanation. While ten prominent ANC leaders facing criminal charges have been blocked from the ANC’s candidate list, it still contains dozens of leaders implicated in state capture who could potentially return to Parliament. Despite the ANC’s assertion that it has “the best candidates” on the list, political analyst Dr. Piet Croukamp from North West University believes that it’s “business as usual” for the ANC. Voters in the national election on May 29 are fueled by their anger at the ANC, according to Croukamp. However, they may not yet view any of the opposition parties as a viable alternative. Croukamp emphasises that opinion polls, some of which predict that the ANC could fall below 39% of the national vote, should not be taken as raw data that definitively explains or predicts outcomes. “An opinion poll is a snapshot of a moment in time,” he asserts. Furthermore, Dr. Croukamp dismisses the likelihood of the ANC achieving only 39%. To fall to 50% of the votes, approximately 1.5 million people would need to stop voting for the ANC. Regarding the possibility of Julius Malema becoming the kingmaker in South Africa, Dr. Croukamp warns against underestimating Malema’s intention to unseat the ANC from power. If opposition parties manage to attract a substantial share of the votes in the national elections, they should carefully consider their choice for president, avoiding the nomination of John Steenhuisen, he said
That is the belief of Mzukisi Makatse, the attorney who first blew the whistle on corruption at the National Lotteries Commission - and lost his job, his car, his house, the hope of marrying the mother of his three children…In this interview with BizNews, he describes how his life imploded after he alerted his employer to an irregular R6 million lottery grant. And he speaks of pride with being vindicated by the Special Investigating Unit (SIU) probe that eventually uncovered R1,4 billion in corrupt dealings, and now has the National Prosecuting Authority (NPA) going after the looters. Makastse - who has been awarded the international Blueprint Africa Whistleblowing Prize - says: “We cannot have our own country degenerating into an abyss when we are there and we decide to keep quiet. We cannot keep quiet. Corruption has become a cancer. It has to be rooted out.”
Independent stock exchange Equity Express, which recently expanded to include bonds and debt notes, has rebranded to I-Ex - The Integrated Exchange - to better reflect its offerings. This interview with founder Anthony Wilmot explores how the independent stock markets have impacted the JSE, formerly a monopoly, and looks at how the specialist offerings provide a route to the capital markets for SA’s entrepreneurial class.
Vice-Admiral Mondo Lubese, the head of South Africa’s Navy, recently threatened to sever ties with the arms manufacturer due to its failure to repair the Navy’s vessels. In an interview with Biznews, DA Shadow Minister of Defense, Kobus Marais, called it a bold statement by the Navy chief and expressed his doubts about Armscor being the right entity to run the dockyard that repairs naval vessels. He stated that the significant failures of Armscor and Denel have contributed to the current dilapidated state of the South African Navy, which has no serviceable submarines and only one operational frigate. This means that South Africa can’t defend its 3000 km coastline or honour its international treaties and obligations. Marais pointed out that there is also no capability in the Air Force for the protection of our coastline, which leaves South Africa vulnerable with outdated technology and unable to defend the country or deter any of its enemies. He emphasised that urgent restructuring and repositioning are needed at Armscor and Denel, and the highly capable private defence industry should take over. Marais warned that if the situation continues, the Navy may end up being a “water wing”, which would be an embarrassment and a sad day for South Africa.
Activist and author Chuck Stephens of the Desmond Tutu Centre for Leadership sleeps with a loaded gun as he endures years of vengeful persecution since he blew the whistle on corruption in 2011. In this interview with BizNews, he describes what happened after he reported “nefarious activity” in the Community Work Programme in Mpumalanga. “I'm a target. And I think of Babita Deokaran (The Department of Health whistleblower who was murdered). And I see what happened to (Alexei) Navalny (the opposition politician murdered) in Russia…Eventually, if people hate you enough and they've got power, they're going to sequester you and they're going to take you out. And that's what I'm facing now.”
CubeSpace, a company that originated from Stellenbosch, has recently secured R47 million in venture capital funding to broaden its operations globally. The South Africa University Technology Fund is among its investors. Mike-Alec Kearney, the founder and CEO of CubeSpace, told Biznews in an interview that their products are endorsed by NASA and have been used to build the control system for a lunar rover developed by the UAE Space Agency. Despite the crash of the Japanese lander carrying the moon buggy, South African manufactured parts have made it to the moon. Kearney highlighted that the space industry has transformed over the past 20 years, enabling the private and commercial sectors to thrive. Under the guidance of Professor Herman Steyn from Stellenbosch University, CubeSpace began developing control systems for small satellites, known as CubeSats. The company has since grown into a market leader in control experience and satellites, supplying a range of products to NASA, the European Space Agency, and the UAE’s space agency. CubeSpace is now looking towards further expansion.
Those who have studied it say conclusions reached in National Treasury’s 600+ page forensic investigation into Eskom are deeply worrying. Including the immediate threat of an even more desperate electricity shortage should a couple of already dysfunctional water treatment plants tip over the edge. The IRR’s chief executive John Endres shares his insights, highlighting how government’s inaction on risks identified in the report threatens to expand the R2trn loss which SA’s economy has already suffered. He spoke to BizNews editor Alec Hogg.
ActionSA leader Herman Mashaba says on-the-ground feedback reflects a very different Election’24 picture to one propagated by incumbents and the media. He points to ActionSA’s double digit vote shares in rural by-elections complementing its widely acknowledged strong position in urban areas, especially Soweto where he reckons the party dominates. Mashaba predicts South Africans will punish the chaotic ANC/EFF coalitions; says the DA will lose its Western Cape majority and is making a strategic error shunning the Patriotic Alliance and its leader Gayton McKenzie.
President Cyril Ramaphosa has no “long game” to deal with corruption. The only game is the African National Congress (ANC) held together by corruption - and run like a syndicate. So says Democratic Alliance’s Shadow Minister of Small Business Development, Jan de Villiers. He speaks to BizNews after the president temporarily suspended - instead of sacked - the Deputy Minister of Small Business Development, and former Transport Minister, Dipuo Peters, after a probe into her misconduct by the Joint Committee on Ethics and Members Interests. He says suspending her for just one month “sends a loud and clear message that he is not serious about doing anything about State Capture or people like her who clearly are very much involved in the abuse of State resources”. De Villiers says it was within Ramaphosa’s power to turn the country around, “but that would have meant not running the ANC like a syndicate”.
Investors who’ve bought a “local is lekker” marketing message by SA asset managers will grind their teeth a little harder after another huge underperformance by the JSE in February. In our weekly review of the past month, Corion’s David Bacher unpacks the key numbers and shares why international stock markets continue to significantly outperform the JSE. The continued slump in resource shares is only part of the story. He spoke to BizNews editor Alec Hogg.
Hero crime fighter Ian Cameron is entering politics. In this interview with BizNews, he speaks about his motivation for joining the Democratic Alliance (DA) and heading to Parliament. He also gives the assurance that he will remain involved in the civil rights work he has done for the past 15 years - and that he will continue to monitor the cases he has worked on. “I think we're at a very dangerous place in South Africa where the police, the police's wheels, for all practical purposes, have come off, in my opinion, and we need to find any way and means possible to try and influence that.” Cameron believes a mixture of civil action and more direct policy influencing through a parliamentary process can make a broader spectrum impact.
The Multi-Party Charter (MPC), the Radical Economic Transformation (RET) factions and the African National Congress (ANC) are the three “slides” in the election show of 2024. That is according to Neil de Beer of the United Independent Movement (UIM) - a party in the Multi-Party Charter (MPC). In this interview with BizNews, he talks about the “earth-shattering bomb” the Independent Electoral Commission (IEC) has dropped on smaller parties, a move that could prevent them from fighting the election and force some out of the Multi-Party Charter (MPC) that is currently “scratching” the 40% mark. He describes how growing support for the Radical Economic Transformation (RET) factions could collectively gain 35% of the vote. He floats some interesting coalition scenarios. But he warns that the ruling African National Congress (ANC) will not surrender easily: He says the fight is already “dirty” and “deals are being made, meetings are currently being held in the most unobtrusive smaller coffee shops in this country”.
André Pienaar is a venture capitalist, CEO, and founder of C5 Capital, a firm with a diverse portfolio spanning the cybersecurity, space, and nuclear power industries. He is also one of the co-founders of the Scorpions, which, according to Pienaar, was one of the most successful law enforcement units. However, it was dismantled by former President Jacob Zuma after the Scorpions started investigating Zuma and the Commissioner of Police, Jackie Selebi, for corruption. Pienaar was accused by Zuma of being a CIA spy, a claim that Pienaar says in an interview with Biznews, “placed a marker on me and my family as a form of intimidation.” Now, 15 years after the disbanding of the Scorpions, Pienaar has decided to fight back. He shares some details of the events in a recent article in National Security News and is planning to reveal more in an upcoming book scheduled for publication in August titled: “Mandela’s Untouchables – The Scorpions and the Fight for Justice in South Africa.” Pienaar alleges that Zuma has ‘Russian masters’ and that the uMkhonto weSizwe (ML) party is a proxy of the GRU, Russia’s Military Intelligence Service. He describes it as one of the most dangerous and predatory intelligence organisations in the world that “will undoubtedly try to interfere in the South African elections.” Pienaar also accuses President Cyril Ramaphosa of having done an “unlawful” deal with Russian President Vladimir Putin during the Russia Africa summit in St Petersburg in 2023 to keep Zuma out of prison. Regarding the potential reinstatement of the Scorpions, Pienaar remarked that it was possible. However, it would take great political will to fight organised crime in the country. The process should be started, he says, by giving Zuma his day in court and by sending him back to prison to complete his sentence for contempt of court after failing to appear before the Zondo Commission into corruption.
Having worked his way from a ‘Bobbie on the Beat’ to a SAPS General when it meant something, former KZN Hawks boss Johan Booysen has lived an adventure. With challenges including mass media vilification through a bizarre stitch-up engineered by criminals (and their captured politicians) through to being wrongly arrested and jailed. This authentic South African hero has paid a high price for following his calling. He retraces some of those footsteps here, sharing deeper insights on Eskom, ANC cadre deployment and other matters of the moment. He spoke to BizNews editor Alec Hogg.
After three years of consultations, The United South Africa Movement (TUSAM) has launched the South African People's Charter and the Charter of Citizens' Obligations. In this interview with BizNews, TUSAM’s Solly Moeng says “this system is built to protect the ANC (African National Congress)”, and that it has to change “because these institutions that we built at the dawn of our democracy, with everybody thinking that they will stand between us and hell, have shown to be weakened, to be repurposed, to serve the interests of politicians who are criminals. We need to create buffers.” He also calls on citizens to inform themselves because “people still get taken for granted by political entrepreneurs on the basis of their poverty and on the basis of their lack of knowledge”. TUSAM - a non-partisan civic movement - will endorse only those political parties that pledge support for the People’s Charter.
The beleaguered Road Accident Fund (RAF) is losing an estimated R3 billion a year to opportunistic loss of income claims from people who suffered only minor injuries in a motor vehicle accident. In this interview with BizNews, actuary and damages expert Gregory Whittaker shares his research for the Actuarial Society of South Africa (ASSA). He says statistics for the financial year ending 31 March 2021 show that loss of income settlements totalled R18.4 billion - of which about 14% was paid to those with non-serious injuries - while in the financial year ending 31 March 2023, the RAF paid R22 billion in loss of income claims. Whittaker lists his recommendations to prevent such excessive compensation - and thus also address the worsening financial situation of the RAF where the deficit had grown, by the end of March 2022, to R344.8 billion from R3.8 billion at the end of the 1994 financial year.
Mimecast, a company started by two South Africans is a global leader in cybersecurity specialising in advanced email and collaboration security. After trading on Nasdaq for six years, the company decided to go private in November 2015 in a $5.8 billion deal with Permira. In an interview with Biznews, co-founder and former CEO Peter Bauer shared his journey from being a school leaver who opted not to attend university to starting his first business with 'oceans behind the ears’. Bauer explained how he was “hell-bent on getting into tech” in the early 90s. He recounted how his first company, which he sold to Idion, built the first news factory for what later became News24.
After the sale, Bauer moved to London where he met fellow South African techie Neil Murray and started Mimecast. According to Bauer, “he fell in love with the process of building a company.” Discussing his decision to step down as Mimecast’s CEO, Bauer emphasised that it was the right time to hand over the reins, with the appointed CEO, Mark van Zadelhoff, being the ideal candidate. However, Bauer remains engaged by staying on the board. He also revealed his shift from technology to eco and social justice projects, expressing a desire to support entrepreneurs. Bayer shared that he bought a mountain in Cape Town “by accident.” Additionally, he offered valuable insights for new tech entrepreneurs and discussed the increasing challenges that generative AI will have in predominantly digital workplaces
Innovative international index fund company Ginsblobal’s South African founder made a very public and as it happens, accurate call back in November 2022. In this interview, we revisit Anthony Ginsberg’s view that the tech wreck was overdone - plus he shares thoughts on what lies ahead for tech stocks, including BizNews model portfolio favourites Nvidia, Palantir and Cloudflare. He spoke to BizNews editor Alec Hogg.
One of the biggest enhanced income funds - the MI-Plan Enhanced Income Fund - has ringfenced about R800 million in assets. In this interview with BizNews, investment strategist Magnus Heystek explains why this portion of the R12-billion fund has been side-pocketed for further investigation - after a challenge with an investment directly linked to the taxi industry. He points out that the downturn in the economy, high interest rates, and high unemployment, have left many of the taxi operators unable or unwilling to repay their loans. Heystek gives his take on whether the money is actually lost and how long it could take to be recovered.
Universities globally, like Harvard, are significantly funded by their alumni, with Harvard’s endowment reaching over $50 billion in 2022 due to philanthropy. In South Africa, however, universities face financial challenges due to substantial government spending cuts and tuition fee increase restrictions. This has led the University of Pretoria (TUKS) to diversify its income streams through a financial sustainability plan. Rikus Delport, the Director of Institutional Development, revealed to Biznews that UP is learning from the success of US universities in garnering financial contributions from alumni. Consequently, UP is establishing overseas foundations to encourage TUKS alumni to contribute financially. The first foundation was set up in the US, followed by one in the UK, with plans to expand further. Delport explained that the funds raised would support the ‘missing middle’ - individuals ineligible for state grants and whose parents, such as nurses, policemen, or teachers, cannot afford university tuition. He also commented on the ongoing turmoil at UP, stating that universities often mirror broader societal issues and face challenging times. Delport highlighted the high demand for admission at UP, with 60,000 applications received from first-year students this year, but only 8,500 could be accommodated. Internationally, TUKS researchers are known for their heavyweight contributions to veterinary science. One of the milestones in veterinary healthcare was the first-ever successful CT scan of a live adult rhino for a tooth root abscess that was treated successfully. The faculty also hit the international headlines when it scanned a 210 kg gorilla.
OMBA’s Sean Ashton dives into contentious waters here by addressing the naivety that produced “ten lost years” for South African investors overly influenced by home bias. He argues that’s not the only myth needing re-assessment, suggesting that a new investment regime may well have taken hold over the past decade and a half. The highly respected asset manager spoke to Alec Hogg of BizNews.
One hundred and fifty (150) victims have come forward to report losses of millions of rands - after clicking on a deep-fake ad featuring Elon Musk. This after Advocate Petra van Niekerk blew the whistle in a recent interview with BizNews. She is now representing many of the victims - after she herself lost her life savings. In this second interview, she reveals that one unlucky investor had lost R5,5-million. She relates the devastating impact on the victims, one of whom tried to kill herself after losing all her money. She also gives an update on the legal fight back, and has wise words of comfort for those who feel ashamed and embarrassed.
Employment in South Africa’s engineering sector has fallen sharply over the past two decades to half of where it should be. In this interview, Gordon Angus of the employer association SEAFA explains why, putting the blame squarely on idealistic but hugely destructive government regulations which are heavily weighted against entrepreneurs - every economy’s lifeblood. He shared the uncomfortable ‘Uber Truths’ with BizNews editor Alec Hogg.
The South African National Defence Force (SANDF) has come under fire from opposition parties for what they term ‘reckless’ foreign mission deployments. This follows an incident where two soldiers were killed and three injured by a mortar bomb at their base in the Democratic Republic of Congo (DRC), where they are part of a peacekeeping force. Currently, 2900 South African soldiers are engaged in combat against M23 rebels in the country. Reports have also surfaced in recent days of an expired Denel contract for helicopter maintenance. In an interview with Biznews, the DA Shadow minister for Defence and Military Veterans Kobus Marais emphasised the “irresponsible” deployment of soldiers in the Eastern DRC citing an overstretched and underfunded SANDF with outdated prime mission equipment. Marais exposed challenges in maintaining essential equipment, particularly helicopters, and raised concerns about SANDF’s financial constraints, including the unfunded R2 billion for the DRC mission. Marais suggested withdrawing troops from the DRC to focus on upgrading equipment and prioritising national interests, particularly in Mozambique due to potential security threats. He criticised the lack of clarity on responsibility for troop deployment and the deadlock between Denel and the government. Marais also expressed concerns about our porous borders and the heavy reliance on an ageing reserve force. It is, he says, “like sending guys from the old SADF from an old age home with a R1 rifle” into combat.
After a three-year court battle, the ANC was compelled on Monday to release over 1,300 documents revealing details of actions taken by its three-decade-old cadre deployment system overseen by a communist-style central committee. SA’s economic woes - high and growing unemployment, rising debt, stagnant GDP growth - are a direct consequence of the injection by this committee of thousands of unqualified and often useless party loyalists to the leadership of corrupted and bankrupt State Owned Enterprises like Eskom and Transnet; and the broader public sector. In this compelling interview the DA’s shadow Minister of Public Service and Administration, Dr. Leon Schreiber, explains why he has been obsessed with forcing these disclosures, the root cause of so much wrong in the country. Previously a senior research specialist at esteemed Princeton University, Schreiber also provides context on the revelations, which parallels the seismic impact of ‘Gupta Leaks’ in 2017. He spoke to BizNews editor Alec Hogg.
If the polls are correct, the ANC faces the possibility of losing its majority in South Africa’s national elections on the 29th of May this year. So, what went wrong for Nelson Mandela’s once proud political movement? Businessman and independent political analyst, Moeletsi Mbeki has identified five deadly sins that have contributed to the ANC’s downfall and the country’s current issues. In an interview with Biznews, Mbeki highlights the policies of Broad-Based Black Economic Empowerment (BBBEE) and the ANC’s decision to cultivate a middle class through public service employment and affirmative action, rather than fostering entrepreneurship. He notes that these employees are among the highest-paid civil servants in the world. Mbeki also criticises the ANC’s decision to retain state-owned enterprises instead of privatising them, citing the success of privatised company SASOL. The fourth and fifth sins, according to Mbeki, are the government’s policy failures in Zimbabwe and Mozambique and the removal of military control over South Africa’s land borders, leaving the country vulnerable. He poses the question: Who can prevent Islamist rebels from entering South Africa and planting landmines? President Ramaphosa, Mbeki said, has repeatedly made it clear that he is sticking to these policies and the ANC is not planning to change course. As a result, public support for the ANC is waning due to these “five deadly sins.” Mbeki forecasts that whatever government is produced by the coming election, the ANC will remain central to it. This means he said, “We will continue with this stagnation we are sitting with. Whoever is in coalition with the ANC will have to live with that.”
Nobody articulated the rage of millions of South Africans better than Ayanda Allie when she responded to President Cyril Ramaphosa’s recent State of the Nation address. In this interview with BizNews, she describes how the president’s utterances made “something rose up inside me and it was like a fire shot up at my bones and I just could not let that go”. Allie speaks about her role as the Communications Director for Build One South Africa (BOSA), her MP candidacy, and the issues she would prioritise as an MP. She also graciously agreed to sing the title track from her album “We the People”, a song “that says, we the people of South Africa, we say no, no to corruption, no to injustice, no to poverty, no to unemployment, and no to this social milieu that we're seeing where people have no hope and no sense for the future”.
South Africa’s ruling African National Congress (ANC) was in Russia “fighting” against neo-colonialism when Kremlin opposition politician Alexei Navalny died last week. This has emerged from a BizNews interview with Russian historian Professor Irina Filatova who says: “Just at the time when Navalny was killed, the ANC delegation was in Moscow. It was in Moscow at the meeting of the powers of the representatives of the parties which are fighting against neocolonialism…which is the influence of the Western world, economic, political, cultural, etc.” She also comments on the allegation made to BizNews that it was the Russian oligarch Viktor Velkselberg who once again bailed out the ANC and paid its debts. And she explains why an ANC election victory is so important to Russia. However, she adds that Russia would also work with former President’s Jacob Zuma’s MK and the Economic Freedom Fighters (EFF).
Change Starts Now is a political party that was launched in December 2023 by Roger Jardine, a former director general and banker. It aims to be an alternative political option for South Africans who want change in the country. The party's manifesto, called the Change Charter, was unveiled in Soweto this week. It includes a ‘Marshall’ plan of R500 billion to redevelop South Africa. In an interview with Biznews, Jardine explained that wartime vocabulary was chosen because South Africa’s current state resembles a war zone.To fund the plan, Jardine is proposing a temporary three-year reconstruction tax. This would include a wealth tax of 1.5%, a corporate tax increase from 28% to 32%, an individual tax increase of 4.5% for those earning more than R1.8 million a year, and a 1% annual charge on retirement funds. Addressing concerns about increased taxes, Jardine emphasised the urgent need for drastic intervention. He warned that if the country continues to decline, the chances of increasing and sustainable tax increases are on the horizon as ‘the gap between our ability to fund constitutionally guaranteed social protections and our balance sheet continues to widen.’ Jardine described the temporary tax increases as a short-term trade-off for long-term sustainability. In response to concerns about politicians misusing the proposed fund, he assured that it would be structured as a ring-fenced fund with oversight by an independent panel. Jardine stated that Change Starts Now supports a strong role for the private sector in state-owned enterprises and believes that black empowerment policies have failed. He criticised the misapplication of procurement policies. Jardine denied representing an agreed position of the business sector in the country or that his party has received a billion rand in funding. He said that finding solutions in South Africa is not rocket science; it can be achieved with political will and effective management.
Former Oxford University professor RW Johnson nails the phenomenon of Donald Trump’s cult-like support in this interview with BizNews editor Alec Hogg. In it Johnson cautions that although it’s no foregone conclusion America’s Captain Chaos will return to the White House, he explains an “uber truth” behind his continued popularity despite many missteps and dangerous pronouncements. Should South Africans care? As one of the world’s most open economies, you betcha. A nation heavily reliant on global trade, it is hard to overestimate the impact on SA were Trump’s heavily isolationist policies implemented.
Supporters of Russia's Nelson Mandela are crushed that he will never take that long walk to freedom now. Alexei's Navalny's death has sparked outrage across the world as it comes in the wake of a series of mysterious deaths of critics of President Vladimir Putin. It also comes on the eve of the second anniversary of Russia's invasion of Ukraine, a war in which the ruling African National Congress ((ANC) in South Africa has stuck to the side of its longtime ally, Russia. Deaths and announcements have just bounced off Putin, who is looking strong enough to be re-elected for a fifth term, thereby possibly matching the long rule of Joseph Stalin. Listen to these issues being discussed by Max Seddon, the FT's Moscow bureau chief. He was hosted by Josh Gabert-Doyon on the FT's News Briefing. Meanwhile, ANC support for Russia is not likely to waver - especially not after the party has allegedly been bailed out once again by a Russian oligarch.
With only months to go South Africa’s national elections, the campaigns run by political parties are not “igniting” the youth enough to bring unregistered voters to the polls. So says Glen Mpani, the host of the first International PolCampaigns Expo held in Cape Town recently. He says MK, the IFP (Inkatha Freedom Party) and the ANC (African National Congress) are just “dipping” into each others’ support, but not activating those unwilling to vote. He hopes that the smaller parties like BOSA (Build One South Africa) Rise Mzansi and ActionSA will be able to “find the magic” and be the “game changers”. Mpani describes how AI and big data can be used to run political campaigns more effectively - and lists the ways in which the threat of disinformation can be countered.
In this fascinating interview, the DA’s Election’24 campaign manager Greg Krumbock shares insights from the party’s historically accurate polling process, which taps voter opinion daily. Among numerous other conclusions, the numbers confirm SRF’s Frans Cronje’s assertion that the re-entry of Jacob Zuma into the political fray guarantees South Africa is heading for an era of coalition politics after the watershed national election expected before the end of May. Krumbock spoke to BizNews editor Alec Hogg.
The Cape Floral Kingdom is home to the highest concentration of plant species on the planet, and 70% of its 9,600 plant species grow nowhere else. Fynbos covers 80% of the region. Much of the Cape Floral Kingdom, including Table Mountain National Park, is a registered UNESCO-protected area. To survive, fynbos need to burn, but this could have devastating consequences, as was recently witnessed in the Pringle Bay wildfires.The Grootbos Foundation, a non-profit organisation, has a mission to conserve the unique Cape Floral Kingdom and develop sustainable livelihoods for the local population. Phil Murray, the General Manager of Communications at the Foundation, shared with Biznews that over the past two decades, they have meticulously observed and documented the 947 fynbos species at the Grootbos Private Nature Reserve. Crucially, the foundation integrates conservation initiatives with community development, offering adult vocational training in horticulture, hospitality, and biodiversity stewardship. Their commitment also extends to youth development through sports programs, swimming lessons, and empowerment initiatives.Initially supported by the National Football League, the Grootbos Foundation has established a comprehensive children’s sports program, along with a multi-sports facility named Spaces for Sport in Gansbaai. This facility serves as a daily hub for 2,500 children, providing coaching, matches, and a nutritious meal. Given the region’s susceptibility to wildfires, the foundation also plays a crucial role in sharing expertise in wildfire management with neighbouring landowners.
Tourism, businesses, jobs, and livelihoods are under threat in the Drakensberg region where bad roads and unrepaired infrastructure have made travel perilous. In this interview with BizNews, Megan Bedingham of the Cavern, a popular ‘Berg resort, says occupancies in December last year (2023) in the Midlands and the Drakensberg area dropped to 56%. She identifies the dire state of infrastructure as the “greatest threat”, with more and more potholes, washed out culverts and subsided roads. She details the intensive lobbying to government for help, and describes how the community has to do the smaller jobs themselves while the Department of Transport doesn’t seem to have the capacity to roll out all the jobs that they have promised to do.
Predictions that Jacob Zuma’s re-entry into South African politics is a “gamechanger” were confirmed yesterday when his MK party produced a strong showing in just the second by-election it has contested, building on a 20% share grabbed earlier this month. It was also a big day for Gayton McKenzie’s Patriotic Alliance which surged to a famous by-election victory in the Western Cape, unseating a DA councillor for the first time.
Peter Major, the internationally respected mining guru from Modern Corporate Solutions, has attended virtually all of Cape Town’s annual Mining Indabas - an event which is now in its third decade. His verdict after this month’s gathering of the global mining’s movers and shakers: because of bad policies, SA is still going backwards - but reforms at SADC neighbours Zambia and the DRC is attracting tens of billions of dollars in fresh investment, creating tens of thousands of new jobs. Major reckons the sector which should be driving SA’s economy forward is floundering because the ANC lost the plot years ago and has been unable to get out of a self-created hole. He spoke to BizNews editor Alec Hogg.
“The Seven Economic Pillars of the Economic Freedom Fighters.” That is the title of a report written for the Institute for Race Relations (IRR). In this interview with BizNews, the author of that report, Ivo Vegter, says he did the report because he was concerned about the one-dimensional analysis that one often gets of the EFF, and decided to analyse in detail why EFF policies are either bad policies or why they are good ideals, but won't work. Vegter dissects the achievability - and the consequences - of expropriation of land without compensation; nationalisation; building state and government capacity; free education, healthcare, housing and sanitation; massive protected industrial development; massive development of the African economy; and an open, accountable and corrupt-free government.
South Africa's military is leading a mission of troops, in collaboration with the Southern African Development Council, to neutralise M23 rebels in the Democratic Republic of the Congo (DRC) after the withdrawal of 2000 United Nations peacekeepers.The deployment of 2,900 soldiers to the eastern part of the DRC will cost over R2 billion this year. President Cyril has stated that the deployment of the force is South Africa’s international obligation. However, Prof Abel Esterhuyse from the Department of Strategic Studies at Stellenbosch has identified several red flags. He said although there is a broader issue of stability in Africa and for SADC, it is not clear what the national interest in the DRC conflict is. Prof Esterhuyse stated that South Africa is facing extremely difficult logistical and operational challenges for the DRC mission, which is not essentially a peacekeeping mission. A lack of infrastructure means no trains or roads for logistical support and airlifts would be needed to sustain the force which South Africa does not have. Additionally, there is a clash of interests with Rwanda, equipment incompatibility between the different SADC forces and a potential soldier morale problem as medical support would be complex. The military involvement is also taking place against a backdrop of severe SANDF funding constraints. Prof Esterhuyse pointed out that South African Military (SAMIL) trucks date back to 1981. He also wanted to know whether the R2 billion for the DRC mission would come out of the already challenged Defence Budget of R50 billion and whether the government has an exit strategy. Commenting on global tensions, he said, “The bigger picture is that we are increasingly seeing the kind of divide we saw in the 1930s with the democratic world on the one side and the autocratic world on the other, and there is growing tension between the two worlds.”
This month (February) one year ago two South African engineers were arrested in Equatorial Guinea under the guise of illegal drug trafficking. It is believed that their detention was in retaliation for the seizure in South Africa of two luxury properties and a super yacht belonging to the country’s playboy Vice-President “Teddy” Obiang. Frik Potgieter (54) and Peter Huxham (55) were subsequently convicted and sentenced to 12-years’ imprisonment. They were also fined “damages” of $5 million each and additional fines to be shared between them. Their families are “deeply disappointed that the South African government has not sought to prioritise the illegal and arbitrary detention of two of its citizens over its current high-profile international diplomacy efforts”. Their families are pleading with the Government to help secure their release. In this interview with BizNews, Frik’s wife, Sonja, and Peter’s fiancé, Kathy McConnachie, share their trauma. - Chris Steyn
Patriotic Alliance co-founder and strategic advisor Charles Cilliers reckons it’s impossible to overstate the importance of Jacob Zuma’s re-entry onto the political stage. Cilliers admits he underestimated the impact but says party president Gayton Mackenzie, who knows Zuma well, has long predicted this would be a game changer that will benefit king-making smaller political parties like the PA. We caught up with Cilliers on the campaign trail in the Western Cape, where the PA is confident of a strong showing in two key by-elections this week. He spoke to Alec Hogg, the editor of BizNews.
There is a growing dispute between the Democratic Alliance, the Independent Electoral Commission (IEC), and the Department of International Relations and Cooperation (DIRCO) regarding the difficulties faced by South Africans living abroad when trying to register and vote at overseas missions. This issue could potentially result in a case before the Electoral Court that oversees the IEC and the conduct of elections in the country. The dispute follows after voters in Perth, Australia discovered that they could only vote at the South African High Commission in Canberra, while South Africans living in Malta will have to travel to Rome to vote. In an interview with Biznews, Adrian Rose, the Deputy Shadow Minister of Home Affairs, said that the DA has given the IEC and DIRCO an ultimatum to consider the inclusion of so-called honorary consulates, like Perth, as voting stations. If this is not granted, the DA would consider taking other steps. Rose added that the DA wants DIRCO and the IEC to increase the number of voting stations abroad by adding an extra 6-10 within the present legislation. Rose disagreed with the argument that there were financial constraints to adding extra overseas voting stations, as the government receives additional tax revenue from many overseas South Africans. He also highlighted that while the government has set a target of getting 100,000 prisoners out of about 127,000 prisoners to vote, there are no similar targets for voters overseas. It was unfair, he said that prisoners have a better chance of voting than South Africans living abroad. According to Rose, South Africans living overseas have a constitutional right to vote, and the government should take necessary steps to ensure that they can vote without any difficulties
The Social Research Foundation polled Jacob Zuma’s popularity in his home province of KZN just days before the popular politician announced his support for the new;t formed MK party in opposition to the ANC. SRF chairman Dr Frans Cronje says the data shows Zuma’s re-entry is a “game changer” for an ANC which he says is now in panic mode. With Zuma’s MK set to draw 10% nationally and around a quarter of the vote in KZN - primarily from the ANC - the ruling party can no longer expect a benign post-election future where it retains power with the help of a smaller party or two. Among the consequences of the Zuma fracture is increased pressure for provincial secessions from a union imposed by the British colonial power in 1910. Cronje spoke to BizNews editor Alec Hogg.
Despite surveys and polls indicating that the ANC’s support in the coming elections could drop to below 50%, Prof Theo Venter, a political analyst at the University of Johannesburg expects President Cyril Ramaphosa to be back in Parliament to deliver the second SONA after the election. In a post-SONA interview with Biznews, Venter detailed the ANC’s potential voter base, including 30% of the rural vote, 10-12% of urban voters and he expects that a permanent Basic Income Grant could add another 5% to the ANC’s tally, bringing it close to the 50% threshold to stay in power. He described President Ramaphosa’s claims of ANC successes over the past 30 years as unconvincing and expressed scepticism that more than 10% of stolen state capture funds will be recovered. Amid stage 6 loadshedding over the weekend, Venter dismissed Ramaphosa’s assurances of an end to the worst of loadshedding as political campaign rhetoric. Venter also commented on Ramaphosa ‘looking for a pen’ to sign the National Health Insurance legislation, suggesting that the President might be reluctant to sign the bill. The one positive aspect of the speech, he said, is that the ANC clarified it is going for green energy and a just energy initiative focusing on Mpumalanga, which is ironically a model that was very actively pushed by former Eskom CEO, André de Ruyter.
Political scientist, historian and former Oxford Don RW Johnson unpacks the likely impact of Jacob Zuma on the ANC’s 2024 Election prospects after the former president’s new party this week drew 20% of the vote in the first by-election it contested. This wide-ranging interview also provides context on the most likely source of the ANC’s miraculous financial turnaround from bankruptcy to rude health - and why money is so critical in South African elections. He spoke to BizNews editor Alec Hogg.
A “defeated” President Cyril Ramaphosa delivered a “disaster” State of the Nation Address (SONA) as his “worst nemesis” former President Jacob Zuma is staging a spectacular comeback. Neil De Beer, the president of the United Independent Movement (UIM), a party in the Multi-Party Charter (MPC), dissects the SONA for BizNews. He also lambasts the “outgoing” President for lying about corruption and loadshedding, and labels him a “very sad indiviual” and a “coward” who is living in “La La Cuckoo Land”. De Beer warns that Ramaphosa will have to call the national election earlier rather than later “because he cannot keep the country together” - and “every day he doesn't call the date, MK is growing…” Moreover, he thinks Ramaphosa - who once called the Multi-Party Charter “a nothing, a null on a contract - has just realised that 50 plus 1 is possible” for the MPC. - Chris Steyn
A deep-fake video using the doctored image and voice of South African billionaire Elon Musk has fooled investors across the world. In one video created for the South African market and regularly flighted on social media channels, “Musk” outrageously and falsely claims that SA billionaires Nicky Oppenheimer and Johann Rupert are investors in his scheme. After being swindled by the con artists, Advocate Petra van Niekerk of the Johannesburg Bar is now determined to expose the scam. In this interview with BizNews, Adv Van Niekerk describes how the false advertising lured her to lose her life savings and shares what her investigations uncovered about an entity which she believes has masterminded the con. She lists all the actions she has taken so far to try and bring it down. She is in contact with other victims, and has appealed to more to come forward so that she can launch a class action suit.
In a landmark ruling, a Delaware court cancelled Elon Musk’s $56 billion Tesla compensation package from Tesla following a lawsuit by a shareholder who argued that Musk’s pay package was excessive - an argument that found favour with the judge. These implications of the court case are far-reaching for companies with outside compensation packages and corporate boards accused of lax oversight. In an interview with Biznews, Jeroen van Kwawegen, the co-lead of the New York law firm Bernstein, Litowitz, Berger and Grossman who was responsible for the exceptional result said that the court case proved that the richest person on earth is not above the law, especially in the United States. Van Kwawegen said it also showed that investors have multiple tools in their toolbox to make sure that executives and the directors of their portfolio companies comply with their fiduciary duties. On the impact that the court case against Musk’s Tesla compensation would have on the pay packages of other CEOs, he said the Musk benchmark for chief executives salaries has been nullified and that it will have a direct impact on future compensation packages. He also addressed Musk’s recent poll on X (formerly Twitter) poll that Musk had on his social media platform about relocating Tesla from Delaware stating that such a decision lies with the board and shareholder, not Musk alone. Superstar CEOs, the shareholder attorney said, still have fiduciary accountability. Van Kwawegen also set out that the legal options that are open to Musk should he consider appealing the court’s decision to strip him of his Tesla compensation package.
The Portugal Golden Visa has long been a sought-after option for non-EU citizens, including several South Africans, looking for residency abroad. Launched in 2012 by the Portuguese government, the program aimed to attract foreign investment. However, concerns about escalating property prices led to changes in the Golden Visa’s rules. In an interview with Biznews Andrew Rissik from Sable International explained that despite fears that the program would be completely abolished, it remains available as a ‘Plan B’ or secondary residency option. Rissik clarified that while real estate investment is off the table, residency can still be achieved through private equity fund investments. In comparison with golden visas for other Western destinations, Portugal, he said, remains “top of the pops.” On the percentage of a wealth portfolio that South Africans should consider for overseas suitable investments, Rissik said Sable’s wealth advisors believe it should reflect South Africa’s share of the global market, which stands at 0.8%. The immigration specialist will hold roadshows in Cape Town from February 21 to 23, Johannesburg from January 27 to 29, and in Durban on January 29. South Africans have the opportunity to engage in one-on-one discussions with Sable International immigration experts to explore the investment options and golden visas available. – Linda van Tilburg
Land Restitution consultant Jan Wessels shares an “uber truth” in this powerful interview where he exposes one of the ugliest of the ANC’s dirty secrets. He claims the political party’s top dogs have long applied a deliberate strategy through the ‘land restitution’ process to capture rich mineral wealth on ancestral land. They use this to enrich politically connected elite through mining deals - while the tribes with historic rights live in poverty. Wessels warns: “In implementing this non-restitution process, the ANC is putting national security at risk. This non-restitution strategy will most certainly lead to a Zimbabwean outcome - communities are running out of patience.” He urges true beneficiaries to take “this long-standing corruption to court…..based on the legal facts, they will succeed in getting these unwanted ANC criminals out of their land and get back their mineral benefits”. He says the ANC is very aware once land restitution puts the land and minerals under the ownership of their historic owners, mining companies “will run to the tribes for mining agreements and would not need the politically connected BEE partnerships to get mining rights allocated”. - Chris Steyn
In December, 317,000 international visitors landed in Cape Town, a record for a single month. The multiplier effect on the local economy of so many visitors spending hard currency is enormous, supporting a virtuous cycle confirming good governance’s dividend. The city’s executive mayor, Geordin Hill-Lewis (37), fresh from a mini-speaking tour abroad at the invitation of his counterparts in New York and London, has just unveiled another initiative to support a campaign promise of making the city load-shedding free by 2026. The progress on electricity is one of numerous ways SA’s “City of Hope” has become a template for other Metros. GHL reckons it all begins with financial stability. He spoke to BizNews editor Alec Hogg.
The Portugal Golden Visa has long been a sought-after option for non-EU citizens, including several South Africans, looking for residency abroad. Launched in 2012 by the Portuguese government, the program aimed to attract foreign investment. However, concerns about escalating property prices led to changes in the Golden Visa's rules. In an interview with Biznews, Andrew Rissik from Sable International explained that despite fears that the program would be completely abolished, it remains available as a 'Plan B' or secondary residency option. Rissik clarified that while real estate investment is off the table, residency can still be achieved through private equity fund investments. He said that compared to golden visas for other Western destinations, Portugal remains "top of the pops." Regarding the percentage of a wealth portfolio that South Africans should consider for suitable overseas investments, Rissik said Sable's wealth advisors believe it should reflect South Africa's share of the global market, which stands at 0.8%. The immigration specialist will hold roadshows in Cape Town from 21 February to 23, Johannesburg from 27 February to 29, and Durban on 29 February. South Africans can engage in one-on-one discussions with Sable International immigration experts to explore the investment options and golden visas available.
After delivering double the stock market’s returns for investors last year, for 2024, South Africa’s oldest and largest hedge fund is excited about opportunities in its backyard. In this review of Peregrine Capital’s annual Investor Letter, CEO Jacques Conradie looks back to another stellar year (helped by Meta….) and looks forward to how the team intends to repeat those returns in the current 12 months. He spoke to BizNews editor Alec Hogg.
Although best known nowadays for his investment prowess, Corion co-founder David Bacher also possesses a deep cricketing pedigree. In this month’s analysis of the markets, he applies analogies from the sport - and concludes by posing pointed questions to Cricket South Africa’s hierarchy over its “firing” of national Under19 captain David Teeger, because of threats from local activists linked to the Israel/Hamas war.
Join host Bob Skinstad in a captivating conversation with Ettienne Brandt, an accomplished telecom executive who made the leap from the UK to the U.S., now spearheading Frontier Communications in Dallas, Texas. Ettienne shares his incredible journey – from humble beginnings in Port Elizabeth to managing a $10.5 billion P&L at BT and his current role building Gigabit America. Learn how Ettienne navigates the complexities of the U.S. telecom landscape, adapts his South African braai culture to Texas, and his unique insights into Africa's tech evolution. An inspiring blend of personal anecdotes and professional wisdom awaits!
A young woman with a bucket shot dead in a queue for water at a communal water tank in a dispute over water….She will forever stand as a symbol of just how bad the water crisis in the Durban area has become. Speaking to BizNews, Democratic Alliance (DA) Councillor Nicole Bolmann says: “We've become the movies we watch so often. I mean, in every science fiction movie, we seem to be always searching for water, whether it's the Hunger Games or Star Trek or whatever…there’s always the search for water and it becomes the liquid Gold. It becomes the commodity everybody needs because it is our survival. So what we witnessed…what we know about the lady being shot at the water tanker, at the Jojo, that just simplifies and amplifies the actual situation that we're sitting in in Durban currently.”
It's almost unheard of for a US small cap growth stock to be trading at value prices. But Dede Eyesan of Jenga Capital has found one, and in this episode takes us on a guided tour.
In this episode of Carrie's Corner, your host Carrie Adams discusses the 2022 harvest with Gary Jordan, touching in particular, on an exotic new grape in South Africa.
In this extensive interview with Institute for Global Dialogue political analyst Sanusha Naidu, we delve into the overall picture emerging out of Zondo's latest report. It's one of unconstrained theft at Transnet totally over R41bn. Naidu discusses the political implications for a "vulnerable" President Cyril Ramaphosa as pressure mounts for decisive leadership...something he's simply not known for.
The Gupta family and their cronies were able to steal at least R41.2bn from their dealings with Transnet. DA Shadow Minister of Public Enterprises Ghaleb Cachalia reflects on the grand-scale looting exposed at the state-owned entity in Zondo's second report.
In this episode of the BizNews Power Hour, the DA's Shadow Minister of Public Enterprises Ghaleb Cachalia shares his thoughts on the "eye-watering" levels of malfeasance exposed at Transnet by Zondo's second report; Michael Appel offers a digestible snapshot of what went on at Transnet during the state capture years; SA restauranteur Neleen Strauss chats to our UK correspondent about her journey surviving numerous Covid lockdowns while contemporaries closed around her; our partner the FT has your latest international business news.
In this episode of the BizNews Power Hour, the DA's Shadow Minister of Public Enterprises Ghaleb Cachalia shares his thoughts on the "eye-watering" levels of malfeasance exposed at Transnet by Zondo's second report; Michael Appel offers a digestible snapshot of what went on at Transnet during the state capture years; SA restauranteur Neleen Strauss chats to our UK correspondent about her journey surviving numerous Covid lockdowns while contemporaries closed around her; our partner the FT has your latest international business news.
News headlines: The Judicial Service Commission has recommended that Judge Mandisa Maya be appointed as the next chief justice of South Africa. South Africa’s government departments and state-owned companies have again left the Auditor General with a mess, unable to audit R2.14bn worth of contracts due to missing information. *The Department of Health says that calls to end South Africa’s lockdown restrictions are premature, especially given the risk of a fifth wave of Covid-19, which is expected to hit the country in the coming winter months.
TreasuryOne's currency expert Andre Cilliers dives into the factors influencing the rand dollar price action at the moment.
South Africa took an important step forward this year in space science when the Cape Peninsula University of Technology launched three nanosatellites. Although other African countries have sent satellites into space, these are the first constellation of satellites developed and designed in Africa. They are called MDASat and will be collecting data that will be used to monitor South Africa’s marine resources. The acting chief engineer on the MDA Sat constellation project, Nyameko Royi, told BizNews that this was a huge milestone for South Africa; that working with SpaceX was “an experience” and of his dream is to visit Nasa or SpaceX. – Linda van Tilburg
Protea Capital Management founder Jean-Pierre Verster shares his insight on the US stock market, with specific focus on the tech titans. The turbulent market has turned Mr. Market into a maniac, with some of the world’s largest businesses - Netflix, Facebook and Amazon - all subject to near 20% intraday moves following earnings announcements. Jean-Pierre also takes a deep dive into the valuations of these businesses and whether the current sell-off has provided some decent entry points in good businesses.
The much-awaited second tranche of findings coming out of the State Capture Inquiry is blunt about the extent to which Transnet was sucked dry to the tune of at least R41.2bn by the Guptas and their cronies. I’ve been combing through this latest report so that you don’t have to. I hope this provides you with a digestible snapshot of the feeding frenzy that went on at the entity with the taxpayers' money, and who, the reports says, we should be pointing fingers at.
Since David Hurwitz took over as CEO in 2014, Transaction Capital's share price has delivered compound annual growth of 24.2% for shareholders. Even more if you include the healthy dividend stream. This in-depth podcast with BizNews editor Alec Hogg seeks the secret sauce driving one of SA's top performing companies. Conclusion: a Warren Buffett-type structure with power devolved to empowered entrepreneurs in operating units; disciplined capital allocation from a small team of executives at the centre; a massive investment in and understanding of Big Data; and, critically, focus on "stigmatised" sectors of SA's economy - debt collections, minibus taxis and second hand cars. An masterclass in how to structure and run a successful enterprise in the information economy.
In this episode of the BizNews Power Hour, the Financial Times has the latest on the Joe Rogan/Spotify saga, with the music streaming platform's stock plunging in after-hours trading; Ranmore Fund Management founder Sean Peche shares his insight on US mega tech stocks Meta and PayPal sliding more than 20%; In-depth interview with one of SA's most successful CEOs David Hurwitz from Transaction Capital.
In this episode of the BizNews Power Hour, the Financial Times has the latest on the Joe Rogan/Spotify saga, with the music streaming platform's stock plunging in after-hours trading; Ranmore Fund Management founder Sean Peche shares his insight on US mega tech stocks Meta and PayPal sliding more than 20%; In-depth interview with one of SA's most successful CEOs David Hurwitz from Transaction Capital.
News headlines: A new report from the University of Stellenbosch claims that schoolchildren in South Africa have lost approximately 1.3 years of schooling since the start of the Covid-19 pandemic – equivalent to losing six and half years of learning progress. More civil action groups are joining the battle against South Africa’s state of disaster, with non-profit DearSA joining Afriforum in its court bid to force the government to bring the state of disaster to an end. *British Prime Minister Boris Johnson has asked the Cabinet Office to look into allegations that Bain & Co. was involved in corruption in SA.
Ranmore Fund Management founder Sean Peche shares his insight on US mega tech stocks Meta (previously Facebook) and PayPal sliding more than 20% following disappointing earnings guidance and lower-than-expected growth forecasts. Peche believes the sell-off is a culmination of several macro- and micro-economic headwinds all coming together at once. Earnings season in the world’s largest economy has seen mixed results, with the likes of Apple and Alphabet outperforming while a number of the pandemic winners have seen big growth reversions and re-ratings by Mr Market. Amazon announced earnings after the bell in New York today and with the market at a tipping point, these results could sway sentiment in the weeks to come
In this episode of the BizNews Power Hour our partners at the FT bring you up to date on a 20 for 1 stock split by Google's parent company Alphabet; Michael Appel unpacks some of Zondo's second report hot off the press; Linda van Tilburg talks to a BizNews-inspired Mossel Bay resident about his ambitions to fix SA's education system; Shri Pillay from the Eurasia Group ponders the certainty of a December victory for Ramaphosa at the ANC's elective conference.
Corion Capital’s chief investment officer, David Bacher, focuses on the paradigm shift taking place in markets, the rotation from growth to value. Valuations have started to matter and many of the pandemic winners – stocks that have attractive stories but not necessarily attractive financials – have begun to suffer. Bacher is quietly optimistic about South African equities and bonds, given the lofty valuations and inflationary concerns in the world’s largest economy. Many of the out-of-favour companies of a year ago are today’s hot picks.
News headlines: The Guptas and their associate Salim Essa used a supplier, VR Laser Services, as a "vehicle" to capture state defence technology company Denel, the State Capture Commission has found. Acting chief justice Raymond Zondo says that South Africa’s government has proven incapable of appointing CEOs and other officials to public enterprises and recommends that a board be set up to choose the right people for the job. *Trade union Solidarity on Wednesday served court papers seeking the annulment of the Covid-19 state of disaster, saying SA needs to return to a functioning democracy.
In this episode of the BizNews Power Hour our partners at the FT bring you up to date on a 20 for 1 stock split by Google's parent company Alphabet; Michael Appel unpacks some of Zondo's second report hot off the press; Linda van Tilburg talks to a BizNews-inspired Mossel Bay resident about his ambitions to fix SA's education system; Shri Pillay from the Eurasia Group ponders the certainty of a December victory for Ramaphosa at the ANC's elective conference.
Simon Lincoln Reader, known to the BizNews community as SLR, wears many hats. A regular columnist for BizNews, Reader possesses a unique ability to merge perceptive depth and satirical wizardry in his articles. In January, Reader – a London-based technology investor – visited Cape Town, which presented the perfect opportunity for a refreshingly frank, face-to-face conversation. True to form, Reader did not hold back. Not surprisingly, the entire (rather lengthy) podcast – recorded in his garden in Cape Town – is wildly entertaining, with Reader recounting details of experiences ranging from his relation to ‘Iron Lady’ Margaret Thatcher to his involvement with the ANC many years ago. Topics like Joe Biden, Boris Johnson’s hair and wokeness, among many others, were covered and his take was both hilarious and insightful.
In this edition of the BizNews Power Hour one of South Africa's best-performing fund managers John Biccard shares his view on the macroeconomic environment and stock selection within the NinetyOne value fund; SA's prestigious Kirstenbosch Gardens has been forced to pull out of the RHS Chelsea Flower Show; Paul Hoffman says any new anti-corruption agency must be designated a Chapter 9 institution.
In this edition of the BizNews Power Hour one of South Africa's best-performing fund managers John Biccard shares his view on the macroeconomic environment and stock selection within the NinetyOne value fund; SA's prestigious Kirstenbosch Gardens has been forced to pull out of the RHS Chelsea Flower Show; Paul Hoffman says any new anti-corruption agency must be designated a Chapter 9 institution.
News headlines: The Federated Hospitality Association of Southern Africa (Fedhasa) has urged the government to remove the compulsory PCR test required for inbound international and returning SA travellers who are fully vaccinated. Suspended ANC secretary-general Ace Magashule’s bid to have his ‘step-aside’ order retracted has failed, with the Supreme Court of Appeals dismissing his application. *The Automobile Association has repeated its call for a full review of South Africa’s petrol price, following yet another significant hike for February.
Accountability Now's Adv Paul Hoffman says that any truly independent and protected anti-corruption body must be designated a Chapter 9 institution if it is to survive taking on politicians and the like in South Africa. Hoffman draws attention to an error he's picked up in the first of three reports released by the State Capture Inquiry and explains why its remedy is significant.
South Africa's prestigious Kirstenbosch National Botanical Garden has been forced to pull out of the world's premier horticultural event, the RHS Chelsea Flower Show. Ironically, the overall show in London, will this year be sponsored by SA entrepreneur Koos Bekker and his wife Karen Roos. SA gardening guru Keith Kirsten says it would only require around R1.5m for the Cape Town botanical treasure to once again bid for a gold medal, and host, as it regularly does, the British royal family.
One of South Africa’s best-performing fund managers over the past 20 years, John Biccard shares his view on the macroeconomic environment and stock selection within the NinetyOne value fund, which has returned more than 17% per annum over the past two decades. Biccard’s investment philosophy is simple, he targets companies that are out of favour. As a value-oriented manager, he uses a bottom-up, fundamental approach to take advantage of opportunities. Biccard is concerned about general global valuations and has positioned the fund accordingly, taking positions in more defensive counters. Some of value fund’s largest counters, including AngloGold Ashanti, Tiger Brands, Brait and Spar are discussed at length as investment propositions. Biccard’s reputation as a fund manager is unparalleled given his immense outperformance since the beginning of the millennium and his decision-making and investment philosophy is truly unique, which makes for an interesting conversation.
In 2012, South Africa was ranked 69 out of 176 countries in Transparency International's Corruption Perception Index. Karam Singh, Executive Director of Corruption Watch, says almost a decade later and the country has dropped one place in rank to 70 out of the now 180 countries. South Africa is emerging from the so-called state capture years under former President Jacob Zuma, to the "new dawn" of Cyril Ramaphosa. A dawn that has delivered change at a tectonically slow pace.
In this episode of the BizNews Power Hour, our partners at the FT speak to the head of the world's largest sovereign wealth fund about the longevity of the inflationary cycle; BizNews London correspondent Linda van Tilburg speaks to Springs local Warren Pala about a US company's R1bn bid to have biltong take on jerky; South African Informal Traders' Association is calling on government to halt "vigilante political parties" from stoking xenophobic tensions; Corruption Watch explains that very little has changed in South Africa's anti-corruption efforts since 2012.
A few years ago, BizNews challenged its readers to submit stories about their dream for South Africa. There was one resident from Mossel Bay who responded with his dream of fixing South Africa’s education system. He is Pieter Steenekamp who soon realised that you can’t fix tertiary education without doing something about primary and secondary education, so he shifted his focus to that, and opened a school called the Novel Academy for all ages in Mossel Bay. Steenekamp told Linda Van Tilburg that his school is based on the principles of an Indian education scientist, Sugar Mitra known for his TED talks who supports self-teaching and its does not rely on teachers.
In this episode of the BizNews Power Hour, our partners at the FT speak to the head of the world's largest sovereign wealth fund about the longevity of the inflationary cycle; BizNews London correspondent Linda van Tilburg speaks to Springs local Warren Pala about a US company's R1bn bid to have biltong take on jerky; South African Informal Traders' Association is calling on government to halt "vigilante political parties" from stoking xenophobic tensions; Corruption Watch explains that very little has changed in South Africa's anti-corruption efforts since 2012.
News headlines: ActionSA leader Herman Mashaba and distinguished education professor Jonathan Jansen had social media in a mess on Sunday with a fiery exchange about foreigners allegedly being employed by the education department. Jacob Zuma is in a final push to stay corruption charges against him by appealing an October 2021 ruling that dismissed his attempts at getting the lead prosecutor of his corruption case removed. *A new report from president Cyril Ramaphosa’s advisory council has been leaked, showing strong support for a basic income grant in the country.
The South African Informal Traders Association (SAITA) says it's "alarmed and disappointed by the renewed harassment by political vigilantes" of foreigners operating in the informal sector. Political parties - like the EFF and PA - have taken it up themselves to conduct employment-ratio inspections at businesses and confiscate expired goods at stores. SAITA says the harassment by "political opportunists is both sad and concerning".
There is an American company called Stryve that is selling biltong in the United States and it is determined to grab the market share of jerky, the American equivalent. Stryve is marketing biltong as a healthier meat snack and they have raised nearly R1bn for expansion. The Chief Manufacturing Officer of Stryve is South African-born entrepreneur, Warren Pala. He started making biltong for his company Braaitime in his garage joined forces with Stryve’s founders who have also bought another biltong company, Biltong USA. From Oklahoma, Palla told Linda van Tilburg how he leapt from Springs on the East Rand to the US, and how Stryve wants to take control of the American market for dried meat.
This episode of the BizNews Power Hour brings you an extended interview with full-time adventurer Peter van Kets. The East London local gives insight into what makes him tick and the key to achieving a well-lived life. Our partners, the FT, provide the latest on the US Federal Reserve Chairperson Jerome Powell's tough-talking stance on inflation. Magnus Heystek mulls over the recent downturn in the market and elaborates on potentially pivoting from investing in the US, to Europe, Japan, and even emerging markets.
This episode of the BizNews Power Hour brings you an extended interview with full-time adventurer Peter van Kets. The East London local gives insight into what makes him tick and the key to achieving a well-lived life. Our partners, the FT, provide the latest on the US Federal Reserve Chairperson Jerome Powell's tough-talking stance on inflation. Magnus Heystek mulls over the recent downturn in the market and elaborates on potentially pivoting from investing in the US, to Europe, Japan, and even emerging markets.
The hard-hitting Magnus Heystek unpacks what has been a tough start to the year for the financial markets. Heystek, who has been bullish on technology-focused businesses –specifically in the US – for the better part of a decade, says he and his team are mulling over a change in strategy. It’s been all about the US stock markets, but a paradigm shift in the markets, together with economic policy, may favour investment returns in different destinations in the 10 years to follow. Europe and parts of Asia look especially encouraging, according to Heystek, who adds that the commodity boom has been a saving grace for the South African economy and treasury.
News headlines: A presidential advisory panel has warned against a basic income grant for South Africa, telling president Cyril Ramaphosa that the grant would be incredibly risky and detrimental to the country’s economy. While the CCMA has made a favourable ruling on the first case of an employee fired for refusing to vaccinate, conflict resolution experts and legal advisors have warned companies to tread carefully. *Police minister Bheki Cele says that his department is fighting a losing battle trying to keep unregistered firearms out of the hands of criminals.
Counterpoint value fund manager Piet Viljoen unpacks the reasoning behind inflation widening global wealth inequality. Primarily owing to economic policy and supply side issues, inflation has been driven to its highest levels in decades, leaving the poor helpless. The rich can shield themselves by investing in assets that will perform well during inflationary periods, such as oil and gas companies. However, the poor spend all their income on basic necessities, leaving them very exposed to price increases. JSE favourites Sasol and PPC are discussed from an investment perspective, with Viljoen optimistic about both counters’ prospects.
In this episode of the BizNews Power Hour, our partners at the FT in London explain what's going on at Google regarding its decision to overhaul its online tracking tools. Anthony Sedgwick speaks to us about Indian food delivery giant Swiggy's valuation that's doubled in the last six months. Businessman Jonathan Oppenheimer talks about investing in the future of Africa, and opens up about his late wife Jennifer. National Treasury Director General Dondo Mogajane gives greater detail about the terms and conditions of the latest R11.4bn World Bank loan.
Mining guru Peter Major looks at the controversy behind Sibanye-Stillwater’s $1bn nickel and copper mine acquisition in Brazil. On Monday, Sibanye announced the deal would be terminated on the grounds that a “geotechnical event” occurred at the Santa Rita mine that would materially affect operations. However, the seller – private equity mining house Appian Capital Advisory – has come out and said there is no legal basis for Sibanye to terminate the deal as the incident wasn’t a materially adverse effect and occurs in the normal course of open-pit mines. Did renowned deal-maker and Sibanye CEO Neal Froneman get cold feet? The nickel price has remained robust since the deal was announced three months ago, so Peter Major believes it has more to do with another attractive acquisition target than valuation on an existing deal.
In this episode of the BizNews Power Hour, our partners at the FT in London explain what's going on at Google regarding its decision to overhaul its online tracking tools. Anthony Sedgwick speaks to us about Indian food delivery giant Swiggy's valuation that's doubled in the last six months. Businessman Jonathan Oppenheimer talks about investing in the future of Africa, and opens up about his late wife Jennifer. National Treasury Director General Dondo Mogajane gives greater detail about the terms and conditions of the latest R11.4bn World Bank loan.
News headlines: The Standing Committee on Public Accounts (Scopa) is conducting its own probe into public fund misappropriation allegations against the ANC, which surfaced in a leaked audio recording, even though the matter has already been referred to the Public Protector. Legal experts warn that the National Prosecuting Authority does not have the capacity to deal with all the PPE corruption cases coming its way, given that it is already struggling with the caseload related to state capture. *Civil action group Outa has initiated contempt of court proceedings against roads agency Sanral and its former CEO.
In this thoughtful and moving interview, the scion of South Africa's storied Oppenheimers opens up about his late wife Jennifer; generational investments into Africa's future; and incentivising scientists to find solutions to the continent's challenges. It opens a rare window into an iconic family which is most comfortable operating out of the spotlight. Jonathan Oppenheimer shares a passion first articulated by his great grandfather Sir Ernest three quarters of a century ago - to do business in a way that makes a positive impact in the lives of Southern Africans.
South Africa's government has a putrid record of spending money wisely. Dr Lumkile Mondi from the Wits School of Economics and Finance is cautiously optimistic the R11.4bn World Bank loan will be prudently allocated, but warns the vultures must be kept at bay if the loan is to have any impact.
South Africa is cash-strapped and the economy is not firing on all cylinders. National Treasury DG Dondo Mogajane gives a breakdown of South Africa's latest R11.4bn loan from the World Bank. This comes on the heels of a R70bn loan from the IMF in 2020.
UK-based value fund manager Sean Peche gave words of warning as the market continues its volatile year. The tech-focused Nasdaq has been the worst affected; growth company valuations are being reconsidered given inflationary pressures and an imminent interest rate hike cycle. Market volatility has been elevated for some time now, with yesterday’s wild swing underpinning the uncertainty present in the market. Peche believes the themes that have played out at the beginning of this year will persist. The economic indicators point towards value outperforming but all eyes will be on the Federal Reserve as it turns on the taps on quantitative easing and historically low interest rates.
In this episode of the BizNews Power Hour, our partners at the FT in London and UK-based Sean Peche of Ranmore Funds unpack last night's wild stock market ride where the US's Dow Index plunged then enjoyed a record one session rebound. Constitutional law specialist and avid Zondo Commission watcher Adv Erin Richards explains why multinational Bain should take Peter Hain's advice and "when you're in a hole, stop digging"; plus the founder of the Hospitality Leadership activist group Randolf Jorberg explains how restaurant owners should be responding to the EFF's on-premises investigations into the legality of foreign staff.
News headlines: Shell's South African partner dismissed fears that seismic surveys for offshore oil and gas could endanger marine life, calling it "poppycock", while warning that halting the process could leave the country entirely dependent on crude imports. A Special Investigating Unit (SIU) report into the state's spending on its response to the Covid-19 pandemic was made public on Tuesday. *South African scientists and medical experts are adding their voices to the call for the government to end the country’s national state of disaster and lockdown regulations.
In this powerful podcast, Adv Erin Richards explains how Boston-based multinational consulting firm Bain is up to its neck in the Zupta State Capture project, unpacking its critical role in helping dark forces secure control of SA Revenue Services. Sharing conclusions after having read most of the Zondo Commission's 57,000 pages of affidavits and transcripts - and Part One of Judge Zondo's conclusions - the legal eagle is under no illusion: the Grand Plan relied heavily on Bain's strategic expertise and guidance on how to grab the levers of the SA economy. This, in turn, enabled industrial scale plunder of SA's national resources. A must-listen.
This episode of the BizNews Power Hour features an in-depth interview with forensic consultant Paul O'Sullivan about Part One of the Zondo Commission report and his forthcoming "tell all" book. Also in the programme, TreasuryONE's Andre Cilliers unpacks reasons for the Rand's powerful start to 2022; and our partners at the FT explain why Unilever is getting such a roasting from investors.
Julius Malema, pitching up at a restaurant last week demanding to know the ratio of foreigners employed compared to locals, was widely condemned as thuggish and intimidatory. But, as Hospitality Leadership founder Randolf Jorberg explains, you don't have to like Malema's PR stunt to accept that the industry has a responsibility to clean up its act.
On the banks of the Thames river in London there is a well-known restaurant among the business sector of the area called 'High Timber'. The owner and manager is Neleen Strauss, originally from Bloemfontein who have managed to survive the lockdowns in London despite scores of restaurants closing down. It included giants like the Café de Paris that achieved notoriety for staying open at the start of World War II. Gutsy and with a Freedom of the City of London award under her arm, Neleen is ready to take off as London re-opens, hopefully permanently. She told Linda van. Tilburg about her spat with Boris Johnson, sad Christmases and how she managed to stay afloat while others failed.
News headlines: The ANC's deepening divisions and factionalism remain the biggest threat to the party and the country's democratic gains. The ANC has called for the extension of the R350 Covid-19 grant introduced in response to the Covid-19 pandemic. *Nine months into his tenure as the DA's leader in the Western Cape, Albert Fritz has asked his party bosses to allow him to step aside to deal with a sexual assault scandal.
TreasuryOne's Andre Cilliers shares his insight on the driving factors behind the Rand's outperformance thus far in 2021. The Rand was been the second best performing currency in the world relative to the dollar during the first three trading weeks, with a number of tailwinds aiding performance.
In this episode Mark Tobin, founder of Coffee Microcaps, shares two Australian stock ideas which he thinks may become 10-baggers.
Here's the extraordinary story of a 54 year old from East London who, decades back, gave up teaching to become a full-time adventurer. This conversation with BizNews founder Alec Hogg is very special. Not least because alongside insights into what makes this unique man tick, comes the best advice to achieve a well-lived life: follow your passion.
Ace forensic investigator Paul O'Sullivan takes a hard look at the first volume of the report by the Zondo Commission, offering a "so far, so good" verdict. But he draws on personal experience to share how the National Prosecuting Authority should approach miscreants like Dudu Myeni - and put them behind bars without stumbling through years of courtroom treacle. Classic O'Sullivan - courageous, forthright and opening eyes to the murky underworld.
In this episode of the BizNews Power Hour, whistle-blower Athol Williams, who fled South Africa after going public about Bain & Co's strategic destruction of SARS in collaboration with former President Zuma and former SARS Commissioner Tom Moyane, on what has to happen now; fund manager Piet Viljoen shares his thesis on energy stocks from which he’s been profiting handsomely; more problems looming for Russia as nations pledge to impose sanctions on the Kremlin if it invades Ukraine.
In this episode of the BizNews Power Hour, whistle-blower Athol Williams, who fled South Africa after going public about Bain & Co's strategic destruction of SARS in collaboration with former President Zuma and former SARS Commissioner Tom Moyane, on what has to happen now; fund manager Piet Viljoen shares his thesis on energy stocks from which he’s been profiting handsomely; more problems looming for Russia as nations pledge to impose sanctions on the Kremlin if it invades Ukraine.
News headlines: National Treasury is setting its sights on the e-cigarette and vaping market, with a discussion paper on the intended taxation of electronic nicotine and non-nicotine delivery systems. Corruption-accused Jacob Zuma is hammering every legal nail he has to keep his corruption trial at bay. *Amnesty International says that politicians need to stop blaming their employment crises on foreign nationals, adding that it is scapegoating their own failures and shifting the blame and responsibility onto an incredibly vulnerable group of people.
Counterpoint value fund manager Piet Viljoen shared his thesis on energy stocks, from which he’s been profiting handsomely in recent months. Environmental, social and governance (ESG) considerations have become increasingly prominent, especially environmental concerns, as investors look ahead to the green economy. However, according to Viljoen, these concerns have been overdone, which has led to underinvestment in the energy and commodity sectors. While demand has remained robust – most notably in the energy sector – supply has been constrained owing to underinvestment over the last few years. This has led to surging prices, with Brent crude nearly reaching $90 a barrel earlier this week; many Wall Street investment banks are looking for a triple-digit number of Brent crude this year. In local business news, food retailers Woolworths and Shoprite are looked at from an investment proposition perspective.
In this no-holds-barred interview with Bain & Co whistle-blower, Athol WIlliams, he explains how the global consultancy firm assisted a local cast of characters, including Jacob Zuma and Tom Moyane, in eviscerating SARS. Williams fled South Africa in November 2021 fearing for his life after blowing the whistle on his former employer, Bain & Co, in 2019.
This in-depth interview with PANDA founder and chairman Nick Hudson provides a comprehensive update on the Covid-19 story moving from Boris Johnson's actions supporting the view that Omicron signals the pandemic’s end through to Robert Kennedy's highly critical bestseller on "The Real" Anthony Fauci. He also discusses the astonishing DARPA correspondence now in the public domain by Project Veritas which could well be the smoking gun on how the virus originated. Powerful stuff. Not recommended for closed minds - or those content to swallow the official narrative.
PMB's organised business CEO Melanie Veness explains why her chamber, in partnership with its NMB counterpart, has drawn a very distinct line in the sand on electricity prices. The chambers are tackling the National Energy Regulator in court in an attempt to force it to rein in profilate municipalities. By getting the courts to forcing the regulator to apply the law in determining electricity oprice increases, muncipalities will no longer be able to milk ratepayers with excessive price increases to cover corruption and inefficiencies.
It may still be early in the year, but the temperature is already rising in the build-up towards the ANC’s elective conference that is taking place in December 2022. It appears that Tourism Minister, Lindiwe Sisulu has thrown her hat in the ring with her public attack on the judiciary and theconstitution. The Eurasia Group’s African Director, Shri Pillay told Linda van Tilburg that President Cyril Ramaphosa’s position as president of the ruling party is relatively safe. But Pillay says the run-up to the conference could be marred by violence and he predicts challenges by younger ANC members for positions in the party. He also discusses Ramaphosa’s reacton to the Zondo commission and whether this elective conference could be a swansong for the ruling party.
In this episode of the BizNews Power Hour, PMB's organised business CEO Melanie Veness explains why her chamber, in partnership with its NMB counterpart, has drawn a very distinct line in the sane on electricity prices. The chambers are tackling the National Energy Regulator in court in an attempt to force it to rein in profilate municipalities. BizNews investigations editor Martin Welz explains one of the most bizarre challenges to ever hit SA's legal system - and one that's headed for the highest court in the land. Plus independent analyst Marius Strydom takes us behind the scenes to explain why so many companies are cancelling the listing of their shares on the Johannesburg Stock Exchange.
News headlines: SARS whistleblower Johann van Loggerenberg’s house was burgled this week – marking the second state capture witness to have their home invaded in a week. US biotech billionaire Patrick Soon-Shiong on Wednesday launched a plant that will produce a billion Covid-19 vaccine doses in Cape Town by 2025, fulfilling a longtime plan to help bring greater health equity to the country of his birth. *Consumer inflation rose to its highest level in five years in December, backing the case for a potential increase in interest rates as soon as next Thursday when the Reserve Bank’s monetary policy committee (MPC) sits down for its first scheduled meeting of 2022.
In this episode of the BizNews Power Hour, PMB's organised business CEO Melanie Veness explains why her chamber, in partnership with its NMB counterpart, has drawn a very distinct line in the sand on electricity prices. The chambers are tackling the National Energy Regulator in court in an attempt to force it to rein in profilate municipalities. BizNews investigations editor Martin Welz explains one of the most bizarre challenges to ever hit SA's legal system - and one that's headed for the highest court in the land. Plus independent analyst Marius Strydom takes us behind the scenes to explain why so many companies are cancelling the listing of their shares on the Johannesburgh Stock Exchange.
Analyst and whistleblower Dave Woollam has once again questioned the need for Tongaat’s highly dilutive capital raise. The main issue surrounds the underwriter, Magister, whose investments and past business dealings are largely unknown. Magister – which is tied to Zimbabweans, the Rudland family – will underwrite R2bn of the R4bn rights issue, meaning that in all likelihood they will take control of the business post rights issue. Existing shareholders will be expected to cough up to six or seven times the existing value of their shares to keep their pro rata shareholding in the company. If not, they face being diluted by more than 90%. A sad state of affairs for long-suffering shareholders.
UK-based fund manager Sean Peche shares his views on two very topical investment themes; the growth to value rotation and China as an investment destination. The growth to value rotation seems to be in full swing, with a 7% differential between the MSCI Value Index compared to the MSCI Growth Index in the first two trading weeks of 2022. Peche puts this down to interest rate hike and inflation concerns, as investors are searching for ways to make a real return (gross return less inflation) on their money. Peche outlines the risks of China as an investment destination, with Tencent’s recent corporate actions dominating the conversation. Tencent’s value should be of concern to many South African savers, with Naspers and Prosus deriving its value from the Chinese tech titan.
This episode of the BizNews Power Hour features an in-depth interview with ANC insider turned outsider Themba Maseko, one of the key whistleblowers at the Zondo Commission. Maseko was frozen out because he refused to agree to President Zuma's directive to turn over government's R600m advertising spend to the Guptas. His struggles continue, with Maseko needing to use his firearm to drive off two intruders over the weekend. Also in this episode, Tongaat whistleblower David Woollam shares what went down at the company's EGM today after which shareholders who have already lost 95% of their investment will be required to pony up six times their current stake or be further diluted.
This episode of the BizNews Power Hour features an in-depth interview with ANC insider turned outsider Themba Maseko, one of the key whistleblowers at the Zondo Commission. Maseko was frozen out because he refused to agree to President Zuma's directive to turn over government's R600m advertising spend to the Guptas. His struggles continue, with Maseko needing to use his firearm to drive off two intruders over the weekend. Also in this episode, Tongaat whistleblower David Woollam shares what went down at the company's EGM today after which shareholders who have already lost 95% of their investment will be required to pony up six times their current stake or be further diluted.
News headlines: Jacob Zuma has launched yet another legal challenge against the State Capture Commission, attacking acting chief justice Raymond Zondo’s appointment. The multiparty coalition governing the City of Johannesburg has decried the behaviour of ANC and EFF councillors in the municipality, after they collapsed council and brawled, resulting in injuries. *Facing backlash for its involvement in the erosion of the SA Revenue Service (Sars) under state capture, US-based management consultancy firm Bain has withdrawn its membership from Business Leadership SA (BLSA).
In tonight's episode of the BizNews Power Hour, we follow up on last week's explosive disclosures of the ANC's Deployment Committee's involvement in the appointment of SA's judges. The DA's Dr Leon Schreiber explains why he has been "like a dog with a bone" on the issue; and in the first of weekly discussions on the practical effects of SA's Constitution, advocate Erin Richards warns that politicising the Judiciary is a dangerous exercise with potentially debilitating unintended consequences. Also in this episode, SA's top performing fund manager Piet Viljoen shares ideas on the stocks to own in 2022 and the FT unpacks the State Capture role of global services firm Bain & Co.
When former GCIS chief executive Themba Maseko, as the holder of the purse strings of government's significant advertising budget, refused to bow to the demands of the Gupta brothers, he was tossed into the political wilderness. Former President Zuma had Maseko fired after his refusal to abide by his instruction to assist the Guptas access R600m in ad spend. Maseko is the only ANC member to ever provide the party with an affidavit detailing the Gupta's attempts to capture the state's entire advertising budget for its new media venture, The New Age newspaper.
Mergence Corporate Solutions mining director Peter Major shared his insight on the broad commodity rally over the festive period. Major – who is neither bullish nor bearish on commodities in 2022 – says that despite elevated prices across the board, mining companies are trading at relatively cheap historic multiples, making him neutral on resources going into 2022. Major comments on Impala’s proposed takeover of Royal Bafokeng Platinum, with the mid-tier mining subject to a bidding war between of the JSE’s precious metals juggernauts: Impala and Northam Platinum.
In tonight's episode of the BizNews Power Hour, we follow up on last week's explosive disclosures of the ANC's Deployment Committee's involvement in the appointment of SA's judges. The DA's Dr Leon Schreiber explains why he has been "like a dog with a bone" on the issue; and in the first of weekly discussions on the practical effects of SA's Constitution, advocate Erin Richards warns that politicising the Judiciary is a dangerous exercise with potentially debilitating unintended consequences. Also in this episode, SA's top performing fund manager Piet Viljoen shares ideas on the stocks to own in 2022 and the FT unpacks the State Capture role of global services firm Bain & Co.
The DA wants President Cyril Ramaphosa charged with perjury for allegedly lying under oath while testifying at the State Capture Inquiry. Dr Leon Schreiber, DA Shadow Minister of Public Service and Administration, says Ramaphosa was less than candid about the level of influence and involvement of the ANC's Cadre Deployment Committee in the appointment of the country's judges. Schreiber claims the minutes of the shadowy committee's meetings, that took him two years to get his hands on, prove Ramaphosa has a case to answer to.
Single-use plastic has become the key environmental issue of our time. The Ellen MacArthur Foundation has predicted that there could be more plastic in the sea than fish by 2050. That figure may be disputed because fish are hard to count, but it is undeniably a massive problem. A company that is doing something about it is Scarabtech, a technology company that was started in the United States and its technology is now being developed in South Africa. They were one of the regional winners of the African start-up awards. The CEO and Founder of Scarabtech, Jeffrey Barbee’s vision is an army of their mobile units, called beetles that turns plastic into carbon-neutral energy. Barbee who is also an investigate journalist has recently highlighted a Canadian oil company efforts to explore oil in the Okavango Delta. He told BizNews that Southern Africa has become ‘ground zero’ for oil companies. – Linda van Tilburg
News headlines: The Commission for Gender Equality (CGE) has warned companies against introducing mandatory vaccination policies, which it says risks infringing the Constitutional rights of workers. Business chambers and even provincial governments are heading the way of legal action against Eskom’s plans to hike electricity prices by 20.5% this year. *Tourism minister Lindiwe Sisulu has tripled down in her tirade against South Africa’s constitution, penning a third column/open letter criticising the highest rule of law in the country.
As is customary for a Monday, Sasfin Securities David Shapiro brings us up to speed with the financial markets. Bloomberg published data showing foreigners are net sellers of South African equity so far in 2022, despite the JSE All Share Index climbing 3% in the first two trading weeks of the new year. Foreigners selling South African assets has been a common theme for several years but given their importance to the price action, the data and JSE’s performance over the two-week period is contradictory, which Shapiro explains. Naspers’ strong start to the year is questioned given the muted price action in its crown jewel Tencent. Shapiro outlines there might be other factors at play between the price dynamics of Prosus, Naspers and Tencent. Lastly, the economic data coming out of China – showing GDP growth of 8.1% in 2021 – is discussed at length.
What has a dead porcupine and baboon got to do with an Eastern Cape farmer's right to privacy and an animal rights activists' right to freedom of speech? BizNews Investigations Editor Martin Welz breaks down a recent Supreme Court of Appeal ruling that has potentially profound implications for engagement on social media. Also, the SCA hammers home the point that animals as "sentient beings" have rights.
JEREMY SAMPSON IS SA’S BRAND GURU! I catch up with him about his favourites from the SA wine industry 2021
Ek gesels met Jean Pierre Verster van Protea Capital Management oor wat Verskansings fondse is, sy benadering tot besluitneming, en die huidige mark.
Marius Strydom outlines the two key driving factors behind the mass exodus of businesses leaving the local bourse. Although the delisting trend is not completely unique to South Africa, the pace of delistings are. Marius puts this down to a decreasing number of foreign shareholders in local businesses, indicative of the negative sentiment towards JSE-listed business. The second is a slide in analyst coverage, which has decreased significantly, especially in the small to mid cap space. Lack of coverage leads to thin volumes and lack of interest, which takes away many of the primary benefits of being listed. Lastly, Marius focused on solutions in order to change the direction of the trend.
Piet Viljoen’s Counterpoint value fund has been the best performing local fund over the last five years, managing to achieve a compound annual return of a shade under 15%. This is a phenomenal achievement, especially against a backdrop that hasn’t always been conducive to his investment style, which is value focused. The interview concentrates on two topics; the delisting trend that faces the local bourse and legacy-stricken Steinhoff. Piet, who has listed businesses himself, says the burdensome regulatory and accounting requirements outweigh the benefits of being listed on an exchange. He adds that investors may be getting a bit excited regarding Steinhoff’s R25bn valuation, as despite the more transparent road to recovery, it still faces a number of challenging headwinds.
This episode of the BizNews Power Hour features a powerful interview with the DA's federal chair Helen Zille who looks back on the aftermath of November's Local Elections; discusses the dynamite expose of ANC cadre deployment into the judiciary; looks ahead to a probable change in SA's national government in 2024 - and shares how her party has managed to attract so much young talent. Also in this programme, our partners at the Financial Times of London explain why both allies and enemies are now calling for UK PM Boris Johnson’s head and explains why activists are targeting global public relations firms. Plus Accountability Now's founder Adv Paul Hoffmann considers consequences for the corrupt after recommendations made in the Zondo Commission's first volume.
This episode of the BizNews Power Hour features a powerful interview with the DA's federal chair Helen Zille who looks back on the aftermath of November's Local Elections; discusses the dynamite expose of ANC cadre deployment into the judiciary; looks ahead to a probable change in SA's national government in 2024 - and shares how her party has managed to attract so much young talent. Also in this programme, our partners at the Financial Times of London explain why both allies and enemies are now calling for UK PM Boris Johnson’s head and explains why activists are targeting global public relations firms. Plus Accountability Now's founder Adv Paul Hoffmann considers consequences for the corrupt after recommendations made in the Zondo Commission's first volume.
The federal chairperson of the Democratic Alliance has never been a shrinking violet. But in this powerful interview, Helen Zille surpasses her own direct approach by launching a bare knuckled attack on South Africa's ruling political party whose "cadre deployment" strategy exposes it as the true architect of State Capture. Zille believes recent expose's contained in the Zondo Commission’s report and recommendations show ANC-instigated crimes against the country are worse than even she imagined - but looks ahead with some optimism to a change in SA's government after the 2024 National Elections. A must-listen.
News headlines: Acting Chief Justice Raymond Zondo has heavily criticised tourism minister Lindiwe Sisulu’s recent opinion piece where she challenged the effectiveness of South Africa’s Constitution The Pretoria High Court has found that South Africa’s Administrative Adjudication of Road Traffic Offences (Aarto) Act and the Aarto Amendment Act are unconstitutional. *Cape Town mayor Geordin Hill-Lewis says his city formally rejects an application by Eskom to increase the price of electricity by 20.5% in the 2022/2023 financial year.
Tongaat analyst and whistle-blower David Woollam shares the grave details about the rise and fall of one of KZN’s most treasured businesses, Tongaat Hulett. Tongaat was the subject of accounting irregularities when its former management was responsible for cooking the books. Now the company is coming after those executives to the value of R450m, a fraction of the R10bn+ in shareholder value that has been destroyed. Operational issues coupled with a large debt burden has led the company to announce a highly dilutive rights issue, which will increase the shares in issue by 33-fold. Shareholders who own R1,000 in Tongaat will have to cough up between R6,000 and R7,000 to maintain their pro-rata shareholding. Worse, the pricing of the rights issue is yet to be determined and Tongaat shareholders are going into the new year blindfolded.
In this episode of the BizNews Power Hour, "Doctor of Uncertainty" Dr Richard Smith offers his insights into volatile US tech stocks; we meet the surprise of November's Local elections, 30 year old uMngeni mayor Chris Pappas; Tongaat whistleblower Dave Woollam explains why he's horrified at recent developments at the company - including the shadowy attempt by a Zimbabwean tobacco family to acquire the business on the cheap; and we find our about one of Michael Appel's favourite Zondo witnesses - the fraudster appointed to run SA operations for multinational Swissport.
In this episode of the BizNews Power Hour, "Doctor of Uncertainty" Dr Richard Smith offers his insights into volatile US tech stocks; we meet the surprise of November's Local elections, 30 year old uMngeni mayor Chris Pappas; Tongaat whistleblower Dave Woollam explains why he's horrified at recent developments at the company - including the shadowy attempt by a Zimbabwean tobacco family to acquire the business on the cheap; and we find out about one of Michael Appel's favourite Zondo witnesses - the brazen huckster who ran the SA operations of multinational Swissport.
News headlines: With the end of the fourth wave of Covid-19 on the horizon in SA and the end of the current national state of disaster due in a few days, scientists and politicians have made calls for President Cyril Ramaphosa to allow it to lapse as it is no longer considered necessary and undermines democracy. Mineral Resources and Energy Minister Gwede Mantashe says that there’s no need for his department to review the decision granting Shell exploration rights on the Wild Coast, because it has already deemed the gas and oil exploration activities would not have a detrimental impact on the environment. *The government has distanced itself from tourism minister Lindiwe Sisulu’s “reckless” tirade against South Africa’s constitution, where she suggested that it has done nothing but keep the masses in poverty.
US-based investor Dr Richard Smith unpacks the implications of a persistently higher inflationary environment and rising interest rates on the financial markets, with a particular focus on US equities. A Goldilocks era for equity markets seems to be coming to an end. The Fed is taking a more hawkish stance as the economic indicators have been flashing red. Inflation, the primary threat to equity markets, has been a major headwind for emerging tech, the high-growth businesses that were the standout winners at the start of the pandemic. Dr Smith emphasises the importance of understanding the behavioural dynamics of investing, especially during market downturns. He says that given human nature hasn’t changed in the last 20 years and valuations are at their highest levels in history, a market crash such as the dot-com bubble can be repeated.
BizNews regular contributor and passive management pioneer, Steven Nathan, reflects on a restful festive period and looks ahead to what lies ahead for the financial markets in 2022. South Africa has grossly underperformed the returns experienced by global markets over the past decade. This underperformance has been driven primarily by an incompetent ruling party, with fraud, corruption and aimless economic policy have been constant headwinds for the private sector. Steven believes a more supportive economic policy could lead to growing key economic indicators such as GDP by more than 5% per annum for the next decade. To wrap up the conversation, Steven discusses Bob van Dijk’s R150m plus investment into Prosus, which will be seen as a sign of confidence by shareholders. - Justin Rowe-Roberts
One of the biggest shocks of South Africa's Local Elections in November was the victory by the Democratic Alliance in the 67% Zulu-speaking, previously ANC-supporting uMngeni municipality. The surprise victory, the DA's first in KZN, owes much to the efforts of multilingual Chris Pappas, who although only 30 is already something of a veteran at the DA. Pappas, born in Mooi River and the son of KZN Midlands farmers, describes himself as pragmatic but also "a hopeless idealist". He may well reflect a political future few South Africans believe possible. Here's his unlikely story
Corion Capital publishes an informative summary of asset class and fund performance returns every month. David Bacher, Corion Capital's chief investment officer, reviews the winners and losers for the month of December.
Director of Accountability Now, Paul Hoffman, unpacks the findings and implications of the State Capture Commission Part 1, which was handed over by Acting Chief Justice Raymond Zondo to President Cyril Ramaphosa last week. The full report will be released in three tranches, with the second and third tranches expected to be released at the end of January and February respectively. Hoffman believes Zondo will consolidate all his recommendations in the final tranche with respect to those implicated. Part 1 is split into three sub-sections, namely SAA and its subsidiaries, The New Age newspaper and its controversial business breakfasts as well as SARS and public procurement.
In this episode of the BizNews Power Hour, scenario planner Clem Sunter unpacks the big risks of 2022 including flagging the possibility of World War Three; Free thinking Steven Nathan explains why he is optimistic about 2022; Corion's David Bacher talks tech stocks and share performances; and the IRR's John Endres offers insights into the first volume of the Zondo Commission's report.
In this episode of the BizNews Power Hour, scenario planner Clem Sunter unpacks the big risks of 2022 including flagging the possibility of World War Three; Free thinking Steven Nathan explains why he is optimistic about 2022; Corion's David Bacher talks tech stocks and share performances; and the IRR's John Endres offers insights into the first volume of the Zondo Commission's report.
News headlines: A South African court has charged a man suspected of starting a devastating fire that gutted South Africa’s parliament with “terrorism”, adding to robbery and arson accusations, as he made his second appearance in court on Tuesday. After the State of the Nation Address next month, parliament will continue sitting in the parliamentary precinct, moving to the Good Hope Chamber which was spared in the fire earlier this month. *Fixed fees and electricity price hikes are making life for Joburg residents hell when it comes to affordable power, with a price comparison showing that post-paid residential customers in the city are getting a raw deal.
Clem Sunter's article on the five key issues we need to pay attention to in the coming 12 months was extremely popular among the BizNews community, with more than 25 000 having read the piece within 48 hours of being published. In this in-depth interview with BizNews editor Alec Hogg, SA's top scenatio planner Sunter goes into greater detail on the things that keep him up at night - including the risk of World War Three.
Steven Nathan, founder of 10X and former top rated JSE investment analyst, shares his insights into what awaits investors in 2022. In discussion with BizNews editor Alec Hogg, Nathan offers a rational perspective on topical items ranging from mandatory vaccines and Clem Sunter's concerns at growing risks around WW3 through to Bob van Dijk's gigantic bet on his company's shares and tech stocks generally.
John Endres, Director at the Centre for Risk Analysis, warns South Africans to temper their expectations in the wake of the release of the first instalment of findings by the State Capture Inquiry. While the quest for greater accountability grows, South Africa's National Prosecuting Authority is struggling under the burden of dwindling resources and mounting pressure from the public for action.
Currency expert Andre Cilliers gets us up to speed with the driving forces behind the Rand's outperformance over the festive period and his expectations for the currency heading into 2022.
South Africa’s favourite market commentator David Shapiro provides insight into a host of interesting developments that unfolded in the markets over the festive period. The US Federal Reserve’s December minutes spooked investors as the world’s most prominent central banker took a more hawkish stance on the accommodative policies that have been the primary tailwind, which has pushed markets higher since the onset of the pandemic. Despite this, the JSE was incredibly resilient over the holiday season, trading slightly below its all-time high at a shade below the 75,000 level. The Cristal Challenge – an investment competition where each participant chooses five JSE-listed stocks in an equally weighted portfolio – is discussed following its popularity in 2021. Interestingly, the most popular share in the competition, the Purple Group (parent of EasyEquities), was one of several companies in the BizNews portfolio that outperformed significantly in 2021.
In this episode of the BizNews Power Hour, latest addition to our team, well known broadcaster Michael Appel, looks into the story of a Zimbabwean "prophet" who splurged R1.4m on a boozy celebration at a Pretoria nightclub on Saturday night (no, it wasn't ANC-related); OUTA's Wayne Duvenage shares the back story to SA's driver's licence debacle where an ancient machine broke, creating a licence backlog for half a million; David Shapiro and his Twitter followers pick Purple Capital as the stock to back in 2022; and TreasuryONE's Andre Cilliers unpacks what's behind the bouncing Rand.
In this episode of the BizNews Power Hour, latest addition to our team, well known broadcaster Michael Appel, looks into the story of a Zimbabwean "prophet" who splurged R1.4m on a boozy celebration at a Pretoria nightclub on Saturday night (no, it wasn't ANC-related); OUTA's Wayne Duvenage shares the back story to SA's driver's licence debacle where an ancient machine broke, creating a licence backlog for half a million; David Shapiro and his Twitter followers pick Purple Capital as the stock to back in 2022; and TreasuryONE's Andre Cilliers unpacks what's behind the bouncing Rand.
News headlines: President Cyril Ramaphosa says the ruling ANC will push forward on the issue of land expropriation without compensation in 2022. Mandatory vaccination policies have taken centre stage in the tertiary education sector as thousands of pupils and staff at these institutions prepare for the start of the 2022 academic year. *The interim board of state-owned South African Airways (SAA) says it intends to institute internal investigations and disciplinary processes with the aim of "cleaning the company of all vestiges of its shameful past" as exposed in the Zondo Commission's report.
After complaints from many OUTA members, Wayne Duvenage's organisation took a close look at the reasons for the delay in the issuing of an estimated half a million driver's licences. The investigation exposed a money-making racket at a government department whose officials are more interested in raking in cash than serving the public - with disastrous consequences as the ancient machine which produces the cards has broken down.
For much of the Zondo Commission's three year public hearings, experienced journalist Michael Appel watched from inside the arena, reporting daily for news channel eNCA. Now part of Team BizNews, in this podcast Appel gives us an overview of the 800+ page first volume of Zondo's conclusions. This is an introduction to the coming week's comprehensive coverage of SA's watershed Commission into State Capture.
Once one of the richest men in South Africa, Christo Wiese lost a large chunk of his fortune following the corporate fraud at Steinhoff. The company was a hugely popular stock with investors, with thousands (including Wiese) losing out. Wiese joined the BizNews Power Hour for a special 30 minute segment, with the SA business mogul spewing nuggets of knowledge and wisdom throughout. When asked how he feels about everything that has happened he said 'I had to look myself in the mirror. I saw 50 years of my work go up in smoke and I had to ask myself how I'm going to cope with it. I decided that I don't mourn the loss of money'.
In August, Dr Herman Edeling wrote an open letter to President Cyril Ramaphosa and the Minister of Health in which he addressed the health and economic crises that we are facing as a result of the Covid-19 pandemic. As a neurosurgeon specialising in medico-legal practice, Dr Edeling is particularly qualified to comment on issues and concerns in respect of the Covid-19 vaccines as well as the arbitrary and parochial manner in which the South African government and health authorities have addressed the pandemic. Drawing on his expertise in medico-legal practice, Dr Edeling states that; ‘ In this global catastrophe, we have people expressing opinions and instructions - relying on their authority to do so, but not relying on reasons. And by not relying on reasons, they are neither relying on facts, nor on science, nor on logic. That is the philosophical crisis that we are in.’ In a fascinating and acutely informative interview with Dr Edeling, elements of the official Covid-19 narrative were discussed - a global narrative put forth by, amongst other institutions, the World Health Organisation and the US’ Centers for Disease Control and Prevention, which he believes ‘the South African government has slavishly followed without, it seems, any questioning.’ The central core of the open letter, he says, is to say to the President; please provide South Africans - citizens, doctors, scientists, everybody - with the truth and allow people to discuss the truth and debate, and ‘also to stop suppressing people who try to tell the truth - but who are suppressed or censored.’ Less than 24 hours after the interview was live streamed on youTube, it was removed on the grounds of ‘medical misinformation’ and as a consequence, BizNews has been prohibited from uploading any content on YouTube for one week. A video of the interview can now be viewed on Vimeo.
His outspoken views on the South African government and what needs to change made him a fan favourite with the BizNews community. Rob Hersov – who has worked with Rupert Murdoch and Johann Rupert – joined the BizNews Power Hour to discuss his exciting African Gold SPAC. According to Bloomberg, the SPAC is targeting gold assets on the African continent and ‘raised a more-than-expected $360m ahead of a listing in New York on Friday. The 60-year old businessman joked that his mining magnate father – Basil Hersov – laughed when he was told about his son’s latest business endeavour. ‘He really burst out laughing when I told him what I was doing. He said, ‘you’ve tried everything in your career to avoid getting into the mining industry and here you are, aged 60. He thought it was so funny.’ In a BizNews exclusive, Hersov also revealed that he has purchased an airport in the Western Cape. Fisantekraal Airport – located just 13 km away from Durbanville – was built in 1943 by the British, says Hersov, and has four runways. ‘We want to build the Lanseria Airport of Cape Town. We’re renaming it Cape Winelands Airport.’ Hersov is no stranger to the aviation industry, founding Marquis Jet Europe – which he later sold to Warren Buffett. ‘Buffett called me in 2004 and said, ‘I’m buying your business’, said Hersov to Alec Hogg in an interview last year.
Welcome to Episode Nine of The Alec Hogg Show, a long form audio biography where we look behind the headlines at the lives of interesting South Africans. Our guest in this episode is Rob Hersov. Wealthy, educated, and just turned 60, Hersov is on a mission to help fix South Africa, something you’ll hear plenty about in what follows. A Harvard MBA and scion of a mining dynasty, his CV includes having worked under the direct tutelage of media mogul Rupert Murdoch and luxury goods baron Johann Rupert. Hersov put those lessons to great effect, achieving significant entrepreneurial success including the building of a successful private jet business which he sold to Warren Buffett. He has clearly inherited the energy of his famous father Basil, Anglovaal chairman, World War Two fighter pilot and still active in his mid 90s. With the wealth and experience to go anywhere on earth, three years ago Hersov junior chose to return to South Africa after three decades abroad. Like other guests on this show, Rob was selected on the basis that if his story were captured in book form, it would likely be a best seller.
BizNews' Jackie Cameron had a fantastic interview with Counterpoint value fund manager Piet Viljoen, in which they went back to basics. With many of us paying – perhaps – too much attention to Mr Market’s movements, it is refreshing to get Viljoen’s perspective on everything from the fundamentals of value investing to the benefits (or lack thereof, in Viljoen’s view) of investing in residential real estate in South Africa. Also, it’s always a plus to hear what this expert has on his radar and in his portfolio.
During his career in journalism Brian Pottinger scaled all SA peaks, ending up as the editor-in-chief of the Sunday Times when it dominated the sector, subsequently taking over the publisher's role. Since retiring, Pottinger has written a raft of books, including last year's highly prescient offering on the coronavirus pandemic. His superb research enhanced a rational approach delivering an accurate reading of Covid-19. This has ensured Pottinger became a regular voice on global broadcasting channels, including this week's gone-viral chat with Unherd's Freddie Sayers. In this podcast Pottinger moves on from the discussion with Unherd to explain how the virus is following a predictable path and why Covid-19 is now nearing expiry. Sensible, rational and easy-to-understand, if you only have time to consume a single interview on the subject, this disucssion with Biznews's Alec Hogg should be the one. A high quality, must-listen.
In spite of being written off by pundits, pollsters and most publications - and having its logo removed from voting forms - Herman Mashaba's Action SA still emerged as the big winner in SA's 2021 Local Elections. The party's strong showing only a year after being formed did not surprise everyone - Mashaba delivered a brilliant opening address at the first BizNews Investment Conference in March. His message resonated among those in the room - and tens of thousands who watched the recording. Having achieved the initial objective of ejecting the ANC from governing Gauteng's three major metros, in this podcast Mashaba tells Alec Hogg of Biznews what he and ActionSA will be focusing on during the next two years to achieve a similar exit for the ANC from national rule in 2024.
Covid-19 brought about an age of misinformation like never before. With this, the responsibility of journalists to provide informed, well-researched and objective news to the public has never been of more paramount importance. This article by Marc Girardot, a member of PANDA, is loaded with hyperlinks – each of which provide the source of those facts asserted in the article. The links and pictures are an integral part of this article, which takes a deep dive into the issue of natural immunity and Covid-19 vaccination. This article is not and should not be construed as ‘anti-vax’. Rather, it provides evidence of natural immunity. It is impeccably researched and well worth reading. And spontaneously endorsed by Prof Michael Levitt, the only living South African Nobel Prize winning scientist (see below). Subsequent to this article, Girardot followed up with an equally powerful and critically informative article in which he delves even deeper into the extent and strength of our pre-existing immunity to Covid-19.
It is often during times of great adversity, that we witness the extraordinary strength of the human spirit. Dr Imtiaz Sooliman founded the Gift of the Givers Foundation in 1992 and has spent the last 29 years dedicating himself to providing humanitarian aid and disaster relief. BizNews founder Alec Hogg spoke to Dr Sooliman about the crisis that wreaked havoc in South Africa in July. Dr Sooliman shares an incredibly insightful view of the four categories of persons who are fuelling the riots and the looting. What really hits home, though, are his stories about ordinary South Africans who have united to defend themselves and each other where the government has dismally failed its people and its citizens. Describing these events, Dr Sooliman says; “It’s an incredible thing. I’ve never seen anything like this in my 29 years of working in disaster in South Africa.”
Foreigners often confuse “South African Speak” for rudeness or arrogance. A bit like the Dutch, people from the Southern Tip of Africa lack the diplomacy gene. They genuinely prefer straight and plain. Uncoded. Ever since the transition in 1994, however, much was left unsaid. For most, despite its record of idiotic economic policies, corruption and misgovernance, the ANC was given the benefit of the doubt. After the chaos of the past week, however, that generosity has disappeared and long suppressed anger uncorked. Because, in their hour of greatest need communities whose rates and taxes keep the national wheels rolling, were left to fend for themselves. Those they paid to protect them simply disappeared or stood idly by watching the methodical, fearless plundering. As a result many in the previously silent and mostly isolated majority have found each other – and their collective voice. Their ‘gatvol’ factor has scaled a new peak. This anonymously produced Open Letter to Cyril Ramaphosa captures the zeitgeist. It is circulating on social media to almost universal applause.
PANDA (Pandemics – data and analysis) has been outspoken with regards to the policy-makers’ reaction to Covid-19, lockdowns and other approaches to the virus. Its viewpoints have ruffled feathers over the past year, with many in the establishment openly hostile towards the group of actuaries, accountants, economists and other professionals who participate in the global think tank. Nick Hudson, co-founder of PANDA, spoke at the inaugural BizNews Investment Conference in March 2021. Here’s his keynote address.
It's been a year and a half since the Kisby SME Fund announced its intention to raise capital that would support high quality South African SMEs hammered by Covid - and in need of low cost loans. Its initial call to action attracted thousands of requests, with 350 companies having been short-listed. Getting the Kisby train rolling took time, but in this podcast co-founder Warren Wheatley tells BizNews.com's Alec Hogg that it has left the station with R250m available to lend. He is dreaming of Kisby growing into a R5bn fund - and expects hesitancy from financial institutions will disappear now that the selection process has started in earnest.
News headlines: The introduction of the new Administrative Adjudication of Road Traffic Offences (Aarto) system in the coming months will have a significant impact on anyone who drives in South Africa, with the next phase of the scheme scheduled to start in January 2022. The UK government kept open the prospect of a Christmas lockdown as daily Covid-19 cases remained near record levels, driven by the fast-spreading Omicron variant. *The World Economic Forum (WEF) has postponed its annual meeting that had been due to take place in the Swiss mountain resort of Davos in January until mid-2022, the organisers said on Monday.
Myriad problems in South Africa, including rolling blackouts, water shortages, a shaky health system and trains that no longer run can be attributed to corruption in the country. Since January 2012, Corruption Watch has fearlessly embarked on an ambitious project to mobilise the public to report experiences with corruption and hold leaders to account. Leading the charge is David Lewis, the executive director of Corruption Watch in South Africa. David is leaving the organisation at the end of December and he told BizNews he does see a silver lining in the dark cloud of corruption in the country but he emphasized the need to speed up prosecutions. Lewis believes brave whistle-blowers should be treated like celebrities.
In mid-October, BizNews journalist Nadya Swart spoke to Ros Nealon-Cook, a psychologist & functional medicine coach based in the Blue Mountains – a region west of Sydney in Australia’s New South Wales. Ros, a (former) Registered Psychologist with the Psychology Board of Australia, a licensed Medicare provider, Functional Medicine Certified Health Coach, HeartMath Certified Health Professional and founder of Integrated Kids, is a profoundly qualified individual who has observed the situation on the ground in Australia. For months, there have been innumerable videos circulating the globe that depict the horrendous reality of Australians who are standing their ground against the draconian measures which their government has imposed upon them since the emergence of Covid-19. Of even greater concern are the restrictions and severe curtailment of freedoms to which the unvaccinated Australian population has been subjected. The absence of any media coverage of the dystopian society that has enveloped Australia, exacerbated by the deliberate cancellation and censorship of dissenting voices, has effectively rendered the country's citizens powerless. As an individual based in Australia, Ros has been uniquely positioned to provide credible information in respect of these realities. In addition, her professional background in psychology has enabled her to reliably observe the psychological impact of Covid-19, lockdowns and related measures on human beings and, in particular, infants and adolescents. After publicly speaking out against lockdowns and their resultant harms on mental health, Ros joined GAIHH (www.gaihh.org) – the Global Alliance of Integrated Hearts and Health. The non-profit organisation – consisting of a group of like-minded psychologists and mental health workers – was founded in 2021, in response to the emerging mental health crisis being faced in Australia and around the world as a result of the policies implemented to manage the Covid-19 pandemic.
The valiant vulnerability demonstrated in this anonymous South African poem will undoubtedly speak to the affliction carried by countless South Africans. So often, those South Africans who have made the decision to depart our dear country will go on to vehemently report their decision to do so was unquestionably correct. Their message – usually extended with a laundry list of everything that they do not miss, everything that they no longer need to concern themselves with – is, while realistic, almost too overt. Notwithstanding the very real advantages they enjoy elsewhere, it is hard not to wonder whether they, perhaps, are so persistent in their advocacy of emigration because any deviation therefrom would be too painful. While the author of this poem is anonymous, the heartbreak felt by him or her over leaving South Africa is clearly identifiable.
After four years of litigation, the former owners of Tekkie Town have reached a R1.2bn deal with Steinhoff, opening the way to a credible future for the massively defrauded business. Three weeks ago, before talks between the parties began, Steinhoff shares traded at 180c. Since news of the deal broke on Wednesday, the price has rocketed to 330c. Tens of thousands of retail investors and big creditors like billionaire Christo Wiese, had a vested interest in the outcome of discussions that removes the major threat to a hard-fought settlement deal. In this fascinating podcast, Tekkie Town's former CEO explains the why's, what's and when's in conversation with BizNews founder Alec Hogg.
As 2021 comes to a close, many are heading off to their favourite holiday destinations for a much-needed break. Plettenberg Bay remains one of South Africa’s favourite vacation spots and, if you’re en route to the coastal town, there’s a project that is well worth checking out. Craig Young of Ingwe is developing an extraordinary project; a 100 hectare reserve with 30 homes and a huge expanse of natural space – gorgeous forests, off-the-grid living and national parks.
Chief executive of Afrimat, Andries van Heerden, talks about the art of deal-making, as the mid-tier miner has recently acquired Glenover Phosphate. Afrimat’s management is known for being one of the best capital allocation teams in the JSE. The share has been a star performer on the local bourse for the better part of a decade. Afrimat has transformed itself from a building materials-focused business to a mid-tier miner, well diversified with exposure to many different commodities. Andries talks about the due diligence processes and ‘template’, which management follows when going about a deal and the reasons behind its repeated success.
Magnus Heystek sits down with BizNews founder Alec Hogg on the final BizNews Power Hour for 2021. The hard-hitting Heystek compares the largest SA-focused equity fund within the Old Mutual stable to a US Franklin Templeton opportunities fund over the last 10 years, with more than a four-fold differential in investment performance. The Old Mutual Investors Fund managed to convert R100,000 in 10 years into less than a quarter of a million rand while the same amount invested in the Franklin Templeton US opportunity fund would equate to around R1m. South African pensioners have been at the peril of local asset managers that have grossly underperformed global equity markets, primarily as a result of the restrictions in offshore allocations allowed by Regulation 28.
In the final episode of the BizNews Power Hour for 2021, Magnus Heystek uses the price of a Hyundai car over the past decade to explain how SA-focused retirement savings have massively under-performed - courtesy of misguided Regulation 28 legislation; Craig Young shares the vision and development of Ingwe, an off-the-grid estate near Plettenberg Bay; Afrimat's CEO Andries van Heerden explains the rationale behind the highly rate group's latest acquisition; and media maven Jeremy Maggs chats to Vukile Zondi.
In the final episode of the BizNews Power Hour for 2021, Magnus Heystek uses the price of a Hyundai car over the past decade to explain how SA-focused retirement savings have massively under-performed - courtesy of misguided Regulation 28 legislation; Craig Young shares the vision and development of Ingwe, an off-the-grid estate near Plettenberg Bay; Afrimat's CEO Andries van Heerden explains the rationale behind the highly rate group's latest acquisition; and media maven Jeremy Maggs chats to Vukile Zondi.
News headlines: South Africa’s high court has ordered the former president Jacob Zuma to return to jail after setting aside a decision to release him on medical parole. Australia has lifted its ban on travellers from South Africa and seven neighbouring countries following the United Kingdom's decision to scrap its controversial red list. *Consumer inflation soared to its highest level in more than four years in November, driven largely by rising fuel prices that have taken their toll on consumers in recent months.
Our UK correspondent Linda van Tilburg joins us with some good news: South Africa has been taken off the United Kingdom's 'red list' travel ban. The decision to move South Africa off the list was expected, with many critics saying the country was unfairly treated when the Omicron variant was first discovered by SA scientists. While this news was a blow to the tourism industry, this does at least mean the hospitality sector will get a boost now. Van Tilburg also discusses heading to Davos in a month's time, for the World Economic Forum.
A good news episode of the BizNews Power Hour with Discovery's vast database confirming the Omicron variant of Covid-19 is less threatening to humans, especially those who've been vaccinated; SA is being removed from the UK's Red List providing a late Xmas boost for its tourism sector; Steven Nathan unpacks why 2022 is likely to be a better year for SA and global businesses; and we've got a clip from today's BizNews Share portfolio webinar explaining our rationale for investing offshore - and in exponentially growing US companies whose share prices have been hit hard in recent weeks.
A good news episode of the BizNews Power Hour with Discovery's vast database confirming the Omicron variant of Covid-19 is less threatening to humans, especially those who've been vaccinated; SA is being removed from the UK's Red List providing a late Xmas boost for its tourism sector; Steven Nathan unpacks why 2022 is likely to be a better year for SA and global businesses; and we've got a clip from today's BizNews Share portfolio webinar explaining our rationale for investing offshore - and in exponentially growing US companies whose share prices have been hit hard in recent weeks.
South African passive investment pioneer Steven Nathan, who founded 10X Investments, gives his experience of ‘garden leave’ as Old Mutual Private Equity paid up for fund manager. Steven says that it’s still important to keep abreast of topical investment and political news, as well as spend time with family and friends when life isn’t as busy. He has made sure he’s been active during his time off, learning about complex technologies such as the blockchain. Despite the financial markets holding up strongly since the drawdown in March 2020, he emphasized the pain lies within the real economy, especially locally in South Africa.
News headlines: Leading scientists have stated that the extent of natural immunity against the coronavirus among SA’s population due to earlier infections may be mitigating the severity of illness caused by the Omicron variant. The City of Tshwane will be run by a majority coalition government with 109 seats in the council, ensuring what will likely be a stable government for the metro. *Elon Musk has been named Time magazine’s “Person of the Year”, capping a run during which the head of Tesla solidified his standing as the world’s richest person and turned his onetime electric-vehicle start-up into a $1trn company.
It’s been quite a week for the Cape Town Stock Exchange (CTSE), welcoming its ninth listing. Joining BizNews is the CTSE’s chief executive Eugene Booysen and Renier de Wit of Gaia Fund Managers. When asked why he chose the CTSE and not the JSE, De Wit remarked that the team and exchange platform - which he described as innovative - make the Cape Town Stock Exchange the place to be.
News headlines: Health minister Joe Phaahla says that South Africans could enjoy a lockdown-free Christmas – but only if they “stay put” and observe all Covid-19 protocols. Liquor traders and alcohol companies say they have increasingly become a big target for criminals. The SIU is investigating a company that was given an open-ended contract to renovate a clinic to prepare it for Covid patients. The National Accommodation Association of South Africa said about 90% of small lodges and guest houses might soon have to shut their doors due to the number of booking cancellations.
In Bloubergstrand in the Western Cape, there is a well-known face that has been selling ice cream to the local community since the 1970s. He is 71-year-old George Phontshe Peni from Khayelitsha and many people in the area have a story about the kind heart of ‘Uncle George’ as he is known by locals. A resident, Michelle Nel, decided to raise money for his pension through the BackaBuddy platform. Nel told BizNews she was amazed at the response to the campaign.
South Africa's favourite stockbroker, David Shapiro, shares what he has learnt from half a century of following his passion as a stockbroker and investment professional; Netcare CEO Richard Friedland shares evidence which shows the Omicron variant of Covid-19 is a big step forward for a country that desperately needs to return to normality; the Cape Town Stock Exchange welcomes its ninth listing - we hear from the exchange's Eugene Booysen and Gaia Fund Managers' Renier de Wit; plus local and international business news.
South Africa's favourite stockbroker, David Shapiro, shares what he has learnt from half a century of following his passion as a stockbroker and investment professional; Netcare CEO Richard Friedland shares evidence which shows the Omicron variant of Covid-19 is a big step forward for a country that desperately needs to return to normality; the Cape Town Stock Exchange welcomes its ninth listing - we hear from the exchange's Eugene Booysen and Gaia Fund Managers' Renier de Wit; plus local and international business news.
David Shapiro shares his pearls of wisdom after nearly 50 years as a trader and investor on the JSE. David started his career on the trading floor and has seen the rise of some incredible businesses over the past five decades. His father, Archie, was also a legend of the local bourse. David followed his father onto the trading floor for a brief period. He says, however, that his investment philosophy is very different to his father’s and acknowledges the technology revolution as the most significant change to the markets. He says it is crucial to keep your investment strategy simple by identifying good companies with strong management teams and emphasises the importance of time in the market. David compliments legendary investor Warren Buffet for his take on life and investing; the down-to-earth Berkshire founder is one of his role models.