Metro FM Talk with Ayabonga Cawe: Recent Episodes
METRO FM
THE HEADLINES
The Competition Commission said it’s investigating the price of a range of essential-food products, after consumers were subjected to “unjustified increases” over the past two years. STATS SA said food prices rose 13.6% year-on-year last month, the highest level since April 2009, according to Statistics South Africa.
To speak to us
Thulani Mandiriza
Principal Economist - Competition Commission
BUSINESS WRAP
Zwelakhe Mnguni
Co-founder and CIO - Benguela Global Fund Managers
• Competition Commission investigates essential-food prices
• Stor-age Property
• Eskom exits Uganda after achieving 'phenomenal' EAF there
• Satawu threatens strike by bus drivers in the lead up to Easter long weekend
• Employment stats show short-term increase and long-term decrease
SHOP STEWARDS CORNER
The National Union of Mineworkers (NUM) Highveld Region says it regards the visits to power stations by the Electricity Minister Kgosientsho Ramokgopa as long overdue and necessary but saying they categorically and emphatically disagreeing with the Minister’s version that corruption in Eskom does not play any role towards the persisting loadshedding.
Joining us is
Malekutu Bizzah Motubatse
NUM Highveld Regional Chairperson
THE HEADLINES
Apparently, some officials contracted to private security company G4S, who were working at Mangaung Correctional Centre when rapist and murderer the Facebook Rapist Thabo Bester escaped, have been suspended and dismissed. In 2012, Bester was sentenced to life imprisonment for rape and murder after luring women to him via social media platform Facebook by saying that international modelling scouts were interested in them.
What’s the latest?
Daniel Steyn
Journalist - Group Up
BUSINESS WRAP
Sinesipho Maninjwa
Market analyst and CA
• Shining a light on Zimbabwe’s $4.5bn-a-year gold smuggling racket
• Thungela Resources
• Jack Ma’s Retreat Undercuts China’s Pitch to Private Business
• Botswana Buys Stake in Belgian Gem Trader in De Beers Test
Kulture Talk
Thabo “T-Bose” Mokwele
Radio personality and author: Pause: Are you making the right choices?
THE HEADLINES
The SA Commercial Catering and Allied Workers Union (Saccawu) has embarked on a 10-day strike at Massmart-owned Makro stores across the country in what a bid to force the company to accede to its demand for higher wage.
Mike Tau
2nd Deputy President - SACCAWU
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Remgro Limited
• January net exports data from StatsSA
• Apple Considers Bidding for English Football Streaming Rights
• SA inflation shocker, Fed hike seal deal for next interest rate move
SOUTH AFRICAN INSURANCE ASSOCIATION
The show is sponsored by the South African Insurance Association
The campaign is sponsored by The South African Insurance Association which is an association for non-life insurance companies. Tonight's topic will be addressing topical issues impacting policyholder and how insurance responds to these. We are talking about the Impact of load shedding and status of our roads on consumers.
Do give us a call 0860 002 160 or Whatsapp 060 552 7303
Joining us
Mosidi Shomang
Insurance Consumer Education expert at South African Insurance Association
BUSINESS WRAP
Makwe Masilela
Co-founder and CIO - Makwe Fund Managers
• February consumer price inflation
• Outsurance Group Limited
• Telkom appoints former IDC CEO Geoffrey Qhena as its new chair
• RFG Holdings Limited
SMME xChange
Percy Koji is owns a tour operator and travel agency business, Travel with Confidence with a strong offering on heritage tourism.
He talks to
Percy Koji
Founder: Travel with Confidence
The Headlines
The Langa Massacre Foundation at Kariega in the Eastern Cape says after ten years of engaging government, Langa Massacre victims have not received any compensation. Over 20 people from Langa township died on their way to a funeral when police opened fire today in1985.
To speak to us
Nicholas Malgas
Chairperson - Langa Massacre Foundation
BUSINESS WRAP
BUSINESS WRAP
Khanya Ndzululeka
Co-founder: Setana Capital
• Mozambique submits first assessment report to exit the “Grey List
• Kenya: 43 fired Facebook moderators file suit against Meta
• Uganda to scrap take-or-pay contracts in electricity industry
• Where have all the inswa gone?
THOUGHT LEADER THURSDAY
Ramasela Ganda
Group Chief Executive Officer - Group Chief Executive of Zeda Limited.
The Headlines
SA National Taxi Council (Santaco) said it could not afford to suspend taxi operations even for a day as it had been hit hard by the Covid-19 pandemic and July 2021 riots. This is the response the the EFF led National Shutdown taking place on Monday.
To speak to us
Tumisho Molelekwa
SANTACO spokesperson.
BUSINESS WRAP
Jimmy Moyaha
Market analyst
• Exxaro Resources Limited
• Libstar Holdings Limited
• PPC Limited
• Credit Suisse's $54 billion lifeline gives global banks tentative respite
Tech Conversations It’s been months since SABC launched its streaming platform SABC+. The platform provides the feature a variety of local and international content. Joining me Lungile Binza Group Executive for Technology - SABC
The Headlines Today, the The EFF outlined its plans for the national shutdown on the 20th of March. EFF leader Julius Malema addressed the pressed conference and this is wha he said:
BUSINESS WRAP Zwelakhe Mnguni Co-founder and Chief Investment Officer - Benguela Global Fund Managers • Fairvest Limited • Stadio Holdings Limited • Growthpoint Properties • Angola Says Exxon Poised for $15 Billion Namibe Basin Investment
SMME xChange Funeral homes in South Africa have been struggling and buckling under pressure due to load shedding and other economic challenges. And, it seems, now some homes are really under pressure due to the Nehawu strike. Most of the operators in this industry are small businesses. To speak to us / one of the small businesses Teboho Ditabe Founder: Royal Empire Funerals (Soweto)
BUSINESS WRAP Khanya Ndzululeka Co-founder: Setana Capital • Zimbabwe’s Ban on Lithium Ore Exports Triggers Stockpile Buildup • Homechoice International • SA manufacturing data • Transaction Capital Limited
The Headlines The City of Cape Town this morning filed an application for an interdict against what is called the national shutdown protest this coming Monday, 20 March. The city says it has interdicted against any any attempts to incite or participate in looting, vandalism, and disruption. To speak to us Geordin Hill-Lewis
The Headlines Day 3 of the interdicted Nehawu strike continued today with reports of intimidations in some health facilities. Members are vowing to continue their strike for a 10% wage increase… Reports from Free State today is that workers converged on the National District, Pelonomi and Universitas Academic hospitals in Bloemfontein. Their demands include a 10% wage increase, housing allowance and bursaries for their children. SABC NEWS reporter Aphumelele Mdlalane spoke to a representative of the FS Department of Health:
South African Insurance Association The campaign is brought to you by The South African Insurance Association which is an association for non-life insurance companies. The topic for tonight will be addressing topical issues impacting policyholder and how insurance responds to these, for example, Possible Grid Failure, Load Shedding, Power Surge, Status of the SA road – potholes. Feel free to give us a call 0860 002 160 or Whatsapp 060 552 7303 for any questions. As usual we are joined by: Mosidi Shomang Insurance Consumer Education expert at South African Insurance Association
THOUGHT LEADER THURSDAY Prof Mandla Radebe Associate Professor for Strategic Communication and Director of the Centre for Data and Digital Communications at the University of Johannesburg. Author: The Lost Prince of the ANC: The Life and Times of Jabulani Nobleman ‘Mzala ’ Nxumalo
The Headlines We follow around the issue of the scholar transport in Khayelitsha, CT. The Congress of Democratic Taxi Associations (Codeta) lost at the Western Cape High Court after the court granted the Western Cape Department of Eduction interdict against it. Last month, taxi operators in Khayelitsha blocked the transport of learners, demanding that they be contracted by the education department to provide scholar transport. Where did it start and what are the solutions? Joining me is: Nceba Enge General Secretary - Codeta
BUSINESS WRAP Akona Mlamleli Portfolio Manager - 27 Four Investment Managers • Impala Platinum Holdings • FirstRand Limited • Multichoice Group Limited • Total’s LNG-Project Revival Crucial for Mozambique to Pay Debt
Tech Conversations. It’s been reported that a growing pile of copper and cobalt worth about $1.5-billion is stranded in the Democratic Republic of Congo, caught up in a standoff over the future of one of the world’s biggest battery-metal mines. The huge stash of metal is owned by China’s CMOC Group, which is locked in a dispute with its Congolese state-owned partner over royalty payments. To speak to us Michael Kavanagh DRC based Bloomberg journalist
The Headlines Protesting Wits University students say they cannot afford afford tuition and residence fees.The students are currently protesting on campus. The SRC is demanding that students owing R150 000 or less should be allowed to register and the R10 000 upfront fee for residences must be waivered, and students be allowed to move in. To speak to us Aphiwe Mnyamana SRC President - Wits
BUSINESS WRAP Makwe Masilela Founder and CIO - Makwe Fund Managers • Woolworths Holdings • Cashbuild Limited • Billionaire Mittal’s Airtel Africa to Boost Spending 14% in 2023 • Automotive, break-bulk sectors at record volumes: Transnet Port Terminals
The Headlines A story published by Fin24 regarding a severe congestion of coal trucks in Richards Bay that have caused a lot of tension within the community and inconvenienced the city. What exactly happened, how is the city dealing with this and what needs to be done? Joining me Nkosenye Zulu City Manager - Umhlathuze Municipality
BUSINESS WRAP Khanya Ndzululeka Co-founder: Setana Capital • A $1.5 Billion Hoard of Copper and Cobalt Is Piling Up in Con • Eskom State of Disaster Regulations • Q4 unemployment rate • Tensions boil over in Richards Bay as coal trucks are cleared at gunpoint
THOUGHT LEADER THURSDAY
Every Thursday around this time with host a great South African and we benefit from his or her expertise as we continue to find ways to build a better country for all. Tonight we're talking about the site of our youth and some of the interventions that have been made or considered.
Joining me is
Joseph Rasethe
Acting CEO of New LoveLife Trust
The Headlines
The Nigerian elections
The largest economy on the continent, Nigeria, is going to the polls this Saturday.
The record 93.5 million Nigerians registered to vote will choose among 18 candidates to replace President Muhammadu Buhari, who has reached the two-term limit.
What makes these elections significant and should we care as South Africans?
Joining me
Izak Khomo
Africa analyst
Sponsored Interview (5 min)
Bad news is everywhere you look. TV, social media, your family WhatsApp group.
But if we don’t find a way to laugh at the less serious stuff, we’ll end up losing what
makes us inherently South African: our wicked sense of humour.
Eugene Khoza sparked an open twitter conversation recently, and was than
joined by Tumi Moroka as well as many other well known personalities with an interesting and very apt hashtag - #BadNewsBingo!
Following this activity, Castle Lite jumped on board and intercepted the chat to savethe day and after all Liten up is at the heart of their narrative.
He joins me on the line
Eugene Khoza
BUSINESS WRAP
Zwelakhe Mnguni
Co-founder and Chief Investment Officer at Benguela Global Fund Managers
• Moves under way to appoint acting Eskom CEO
• Retail CEOs furious they missed out on diesel rebate
• Distell reports revenue growth, but cautions on inflation and load shedding
• Top-end Discovery medical aid plans to increase by 10%
BUDGET ANALYSIS
To comment: 0860 002 160 or send us a voice note to 060 552 7303
Khanya Nduzululeka
Co-founder: Setana Capital
&
Lebogang Mulaisi
Head of Policy - Cosatu
BUSINESS WRAP
Makwe Masilela
Founder: Makwe Fund Managers
• Japan Auto Giants Offer Biggest Raises in Decades Amid BOJ Focus
• South Africa’s Eskom Deepens Power Cuts to Unprecedented Level
• Coronation Fund Managers
• The Budget
Sponsored Interview
The show is sponsored by the South African Insurance Association
Tonight it’s a great pleasure to welcome the South African Insurance Association to learn more about them and their work. Today is the start of our campaign with them as we will discussing different topics regarding non-life insurance. And, we expect you to be part of it by either giving us a call on 0860 002 160 or send us a voice note to 060 552 7303 for all your questions.
Joining us
Mosidi Shomang
MD and Founder: Mosidi Shomang Trading
SME xChange
Bounce back Loan Scheme
Around June last year, government finalised its “bounce-back loan scheme” which is set to give businesses a cash injection to create jobs. The bounce-back scheme comprises two mechanisms - the first is a loan guarantee which facilitates loans guaranteed by government to eligible businesses. The loans will assist eligible businesses in recovering from constraints in accessing finance due to COVID-19 lockdowns, the July 2021 civil unrest and disasters like the floods affecting KZN.
The Small Business Institute says it expects Minister Godongwana tomorrow to give details and quantum of envisaged relief under the redesigned Bounce Back scheme to assist small firms to procure alternative, non-grid sources of electricity.
What’s the latest regarding this scheme?
John Dludlu
CEO - Small Business Institute
The Headlines
EDUCATION
Regarding the budget statement tomorrow, Equal Education says while many will be looking at how National Treasury will tackle the electricity problem, another crisis will likely remain overshadowed. They are calling it #EducationBlackout saying, yhis crisis, unlike that at Eskom, is not getting the necessary attention and urgency it deserves
To speak to us
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Sibanye Stillwater
• Tiger Brands Limited trading update
• Sasol Limited limited interim results
• Salungano up 16% in early trade, after RBFT Investments signals its intention to buy up the firm and delist it
SHOP STEWARDS CORNER.
Apple supplier Foxconn announced the creation of a major new factory in Vietnam and a
Ann Crotty from the Financial Mail wrote on the kinds of conditions in these factories in China where the majority of the iPhones are made.
She joins us
Ann Crotty
Writer-at-Large - Financial Mail
The Headlines
Heavy rains and flooding continue to wreak havoc across the country. The bad weather has affected the provinces of Mpumalanga, North West, and KwaZulu-Natal. The Water and Sanitation Department opened 12 sluice gates at the Vaal Dam on Saturday.The department says it had to open the gates due to heavy rains in a few provinces including Gauteng.
To speak to us
Mr Lungi Mtshali
Spokesperson - Departments: Cooperative Governance and Traditional Affairs
BUSINESS WRAP
Khanya Nduzululeka
Co-founder: Setana Capital
• Mpact Limited
• Anglo American Platinum Annual Results 2022
• Investors Already Bet Nigeria’s Next Leader Has No Chance of Fixing Fiscal Crisis
• Contentious probe into digital markets gets more time
• Your expectations of the budget.
THOUGHT LEADER THURSDAY | Dr Manduleli Bikitsha Medical doctor, Chief, former mineworker and author: AmaMfengu
Tech Conversations
Telkoms yesterday announced a decision to reduce its workforce by 15%, citing the need to optimise group costs as the reason for the redundancies. The group revealed its intention to enter into a formal consultation process with relevant stakeholders in terms of Section 189 of the Labour Relations Act (S189A process) regarding the restructuring of certain operations.
The S189A process will impact all business units and subsidiaries, and is intended to ensure the sustainability of the group, according to Telkom.
To speak to me
Aubrey Tshabalala
SG - Communications Workers Union
The competition commission has published the terms of reference for the fresh produce market inquiry in the government gazette. It says the scope of the inquiry will look at the sale of fresh produce by the farmer to the customer, the retailer, processor, and/or export market. It will also delve into concentration and prices in the seed, fertiliser and agrochemicals market.
Joining me
Sipho Ngwema
Spokesperson - Competition Commission
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Life Healthcare Holdings
• Inflation data from StatsSA for January 2023
• Fruit and vegetable prices: Competition watchdog to probe conduct of farmers, retailers
• Locals Rush Into South African Bonds as Foreigners Dump The
SMME xChange
Roses are red and violets are blue… Happy valentines. Today is the day for all the lovers in the world. And, there are businesses that are busy making that possible.
Tonight we speak to
Slindile Ngono
Founder: Enhle Flora
The Headlines
SAPO
As we spoke about it yesterday, the Post Office has issued the Section 189 notice and, according to some reports, plans to retrench about 6000 workers. SAPO says this is in a bid to cut employment costs and ensure the entity is profitable after it incurred a loss of R2.3 billion in the past financial year.
Joining me
Nomkhita Mona
SAPO CEO
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Telkom trading update
• Cedi Jumps as Ghana $11-Billion Local Debt Restructure Advances
• Close to 60 000 jobs can be created if SA fires up battery production - analysis
• A Singapore club is offering 50% off your Valentine's Day bill if you bring your wife and your mistress
The Headlines
Cape Town
Yesterday, the City of Cape Town MMC for Human Settlements Malusi Booi launched a 6 Point Plan to help protect City housing projects from what he calls an increase in incidents of extortion, criminality and violence; unlawful occupation or forceful community disruption of housing units….also saying projects amounting to approximately R1 billion are currently at risk.
It was reported that in just one week, the city’s R500m Delft Symphony Way project, earmarked for about 3,300 beneficiaries, was attacked twice. Contractors were fired on and the construction site was petrol-bombed a few days later.
Joining me
Malusi Booi
MMC of Human Settlements - City of Cape Town
BUSINESS WRAP
Khanya Nduzululeka
Co-founder: Setana Capital
• GEPF makes a play for Attacq's Waterfall Investment Company
• FSCA strips PIC-backed exchange ZAR X of its licence
• Italtile Trading Update
• Adidas in a bit of a fix
MINING INDABA
Investing in African Mining Indab, the worlds largest mining investment conference is currently taking place here in Cape Town.
Joining over the phone is:
Kgalagano Matshego
MD - Sedibelo Kgabo Mining
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Sappi Limited
• Pick n Pay Stores Limited
• ConCourt shoots down govt appeal over BEE in Covid-19 tourism funds case
• Orion Minerals Limited
SMME xChange
State Diamond Trader
State Diamond Trader is the catalyst for the growth of the local diamond beneficiation industry - an entity of the Department of Mineral Resources
Conrad Van der Ross
Operations Manager - State Diamond Trader
&
Godfrey Mance
Client Relations Officer - State Diamond Trader
The Headlines
Load-shedding and farming
The Daily Dispatch, an Eastern Cape based prominent newspaper published this very interesting and heartbreaking story on their front page this morning. An Eastern Cape dairy project that has been forced to suspend operations due to load shedding and poor access roads. A project worth millions. It’s in a town called Cofimvaba and supplies milk to multinational food companies. 1200 members are supposed to benefit from this project and just this past October it signed a R75m deal. But, now, it seems things are falling apart.
The Ncora Dairy Trust farm has more than 4000 cows.
Joining me
Sithandiwe Velaphi (He)
Reporter - Daily Dispatch
Mandla Sikhondo
Farm Manager - Ncora Dairy Trust farm
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
- Sasol Limited
- South Africa Hit by Investment Strike, Key Mining Employer Says
- It's no to a wealth tax and yes to tax breaks for home solar - Kieswetter
- SA’s foreign-exchange reserves rise to record high
SHOP STEWARDS CORNER The Passenger Rail Agency (Prasa) has been ordered by the Labour Court to pay employees hundreds of millions of rands for failing to honour the wage agreement in 2021. The increase is payable to members of the United National Transport Union (UNTU), the majority union. But now, Untu is threatening to go back to court because it says PRASA has missed the Friday deadline. To speak to us Cobus van Rooyen General Secretary - United National Transport Union (UNTU)
The Headlines Komani Recently, residents of Komani in Eastern Cape shut down the town for two days protesting against due to lack of service delivery and collapsed governance. Today, Cooperative governance minister Nkosazana Dlamini Zuma is there in an effort to find solutions. Earlier today SABC journalist Abongile Jantjies spoke to a community leader on what they expect from the minister’s visitor? Audio: Community Leader (NDZ must dissolve the municipality) Joining me Abongile Jantjies SABC reporter.
THOUGHT LEADER Nomonde Gongxeka-Seopa Head of Public Policy, Southern Africa at Facebook Nomonde Gongxeka-Seopa is a former Councillor at the Independent Communications Authority of South Africa (ICASA), which regulates the Telecommunications, Broadcasting and Postal Services sector. She possesses years ’experience in the broader media sector having worked in the space of content development, production and scheduling, and the broader broadcast media value chain. Most of the programmes that she has worked on span across television, radio and print and were mostly supported by outreach programmes.
BUSINESS WRAP Jimmy Moyaha Market analyst Sanral awards nearly R7bn in contracts for N2 Wild Coast and N11 highways Eskom’s shocking diesel ripoff Anglo-American Platinum Limited Super Group Limited
The Headlines The Citrus Growers Association of SA (CGA) has asked for government assistance in dealing with EU cold-treatment regulations, which they say could ruin the R30bn export industry. The EU is among SA’s biggest citrus export markets, accounting for 40% of orange shipments, according to SA’s National Agricultural Marketing Council. To speak to us Deon Joubert Citrus Growers Association’s EU Special Envoy
TECH CONVERSATIONS
The conversational AI tool ChatGPT which has been created by Open AI has accomplished a significant milestone in its brief existence. OpenAI is a research firm specializing in artificial intelligence and a few months earlier it unveiled ChatGPT, an AI-powered chatbot, for public testing as per the company’s claims researchers have taught the ChatGPT to converse with users in a “conversational style,” opening it up to a larger range of users. According to current sources, Chat GPT reached a million subscribers barely five days after it was established in November 2022.
To chat more
Supa Dave
Technology and gaming expert.
The Headlines
Right now we are talking liquified petroleum gas. Transnet National Ports Authority said it’s looking for for a suitable terminal operator to finance, refurbish, operate, maintain and transfer a liquid bulk terminal specialising in liquified petroleum gas (LPG) for a 25-year concession at the Port of Durban.
Joining me
Tandokazi Nquma-Moyo
Executive Manager - Utilities at Transnet National Ports Authority
BUSINESS WRAP
Makwe Masilela
Founder and CIO- Makwe Fund Managers
- Glencore Update
- Vukile Property Fund Trading Update
- Ellies acquires Bundu Power
- Potato Chips may be cheaper soon
- LulaLend joins the world of banking
The Headlines Mining fatalities reach a new low of 49; injuries, disease also decrease The 2022 Mine Health and Safety Statistics show that 49 mineworkers died on the job in 2022 compared with 74 in 2022 and 60 in 2021. At the release of the report today, minister of mineral resources & energy Gwede Mantashe lauded the improvement, but called on the industry to make further improvements. Having reduced fatalities to a record low of 49 deaths was “a milestone”, he said, but added that the target should be zero deaths. This is what Min Gwede Mantashe said: CLIp To comment on this Livhuwani Mammburu National spokesperson - NUM
SMME xChange It’s been reported small businesses want the government to consider implementing subsidies on diesel, diesel-powered generators or other alternative energy solutions to help them cope with load-shedding. According to the National Small Business Chamber (NSBC), the largest representative organisation in SA for small and medium enterprises (SMEs), many small businesses will not be able to survive another two years of constant power cuts. To speak to us Karabo Mashugane SMME expert and Founder: 20/20 Insight
BUSINESS WRAP Thembeka Sobekwa Portfolio Manager for the Mianzo Equity Funds • Vodacom Group • Shoprite Holdings Limited • Omnia breaks ground on phase two of sprawling solar plant • ANC lekgotla supports declaration of national state of disaster to deal with load shedding
SHOP STEWARDS CORNER Members of the South Africa Medical Association Trade Union (Samatu) have been marching in four provinces last week, in an effort to highlight the plight of unemployed doctors. They have urged government to allocate funds to the department to enable it to employ more doctors. To chat more Dr Cedrick Sihlangu GS - SOMATU
THE HEADLINES KWAZAKHELE Mass Shooting Police minister Bheki Cele was in KwaZakhele today after eight people were killed when at least two gunmen opened fire on the unsuspecting victims who celebrating a birthday party in Maqanda Street last night. Audio: Bheki Cele Joining me Lwando Nomoyi SABC reporter • The situation and the mood in kwazakhele and the visit by the minister • The minister said he won’t be dragged into politics and this case. Why is that? • KwaZakhele an gun violence in general and what is the community is saying? • The family
BUSINESS WRAP Sinesipho Maninjwa Market analyst and CA • Spar Group Limited • Pepkor Holdings Limited • Nampak • Goldman’s Solomon Joins CEOs Taking Pay Cuts After Laying Off Thousands
THOUGHT LEADER THURSDAY
DR Ongama Mtimka
Lecturer in the department of history and political studies at Nelson Mandela University
Ongama Mtimka lectures Democratisation and State Transformation, South African Politics, and International Political Economy at Nelson Mandela University in Gqeberha, South Africa.
His key research interests are in party politics including electoral competition, political economy, and development. He has extensive work experience in higher education (research & lecturing), community development, local government and in special economic zones involved in infrastructure development and investment promotion.
Ongama comments regularly on South African politics as a political analyst on national and international media. Has holds a PhD in Political Studies with a research project on the political economy of transformation in the construction sector and the role of organized small business forums.
He graduated with a Masters in South African Politics and Political Economy from Nelson Mandela University, where he also obtained his PhD, and a Bachelor of Arts in Journalism from Rhodes University. He has presented at international conferences in Brazil and two times at the United States of America. Ongama has delivered speeches on the political outlook of South Africa for senior executives in listed companies and industry associations as well as in national disciplinary conferences.
He is the Treasurer of the South African Association of Political Studies and its past Emerging Academics Research Committee Chair. He is the Founder and Executive Chairperson of the South African Political Risk Institute and it’s product, the South African Journal of Political Risk.
THE HEADLINES
Joburg mayor Mpho Phalatse has been voted out as the Johannesburg mayor for the second time. This took place during a council meeting today, where 140 councillors voted for her ousting, while 129 councillors voted against the motion to remove her.
This is what Mpho Phalatse said after the vote: CLIP
She was speaking to:
Mbalenhle Mthethwa
SABC reporter.
BUSINESS WRAP
Khanya Ndzululeka
Co-founder: Setana Capital
• Hindenburg vs Adani: The Short Seller Taking on Asia’s Richest Person
• AVI Limited
• Truworths International Limited
• Monetary Policy Committee decision on interest rates
BUSINESS WRAP
Dumisani Ngwenza
Analyst - Terebinth Capital
• World Bank Chief Says China’s Actions Delay Zambia Debt Deal
• Chicken production cost now R2/kg above selling price due to load shedding, says Astral
• Jobs at Denny Mushrooms farm go up in smoke
• Microsoft probes Teams, Outlook outage as thousands of users report disruptio
SMME xChange
Around August last year we spoke to Mr Ismail Essa, SANRAL Transformation Manager on how they are supporting small businesses within their sector. He said SANRAL is determined in creating opportunities for small, medium and large black-owned enterprises.
CLIP
Tonight, we feature one small business in that sector.
Tshepo Rankganyane
Founder: MAKUKU ENTERPRISES
THE HEADLINES
SCOPA
Parliament's Standing Committee on Public Accounts, SCOPA, has asked Eskom to provide timelines on when rolling blackouts will end. Eskom's board and executives briefed SCOPA on the utility's plans to keep the lights on. The utility has highlighted ageing infrastructure, lack of maintenance of existing power stations, liquidity challenges and corruption as some of the issues that have contributed to rolling blackouts.
To chat more
Lulama Matya
SABC news reporter
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager @27Four Investment Managers
• Eskom transmission issues may make the Action Plan less believable
• Clicks Group Trading Update
• Lemon Juice exports from South Africa and Brazil to the US, said to injure US firms according to US trade body
• New ad rules for crypto
SHOP STEWARDS CORNER
It’s been reported that academic staff at the University of Cape Town (UCT) are gearing up to go on strike for the first time in the university's history after wage negotiations reached a deadlock. Currently, they are going through a process alongside the CCMA.
To talk more
Prof Kelley Moult
Academics Union
THE HEADLINES
RUSSIAN VISIT
Minister of Foreign Affairs of the Russian Federation, Sergey Lavrov is in South Africa at the invitation of Minister Naledi Pandor. It is said the minister will also exchange views on issues of common bilateral, regional and multilateral issues.
To chat more on this visit
Faith Mabhera
Senior researcher at the Institute for Global Dialogue
Bandile Mathandela
Market analyst
• Cashbuild
• Eskom Energy Plan
• Renergen starts liquid helium production
• Thieves in Japan are stealing platinum and palladium parts from Toyota Prius cars as rare metal prices rise
KULTURE TALK
Klass Thomas Mahlangu
Filmmaker.
KLAAS THOMAS MAHLANGU Stage name (Tiger Sgandaf) is an artist, actor and filmmaker and the founder of the South African Film Empowerment (SAFE) which is developing talent in the film industry and creating job opportunities.
SAFE is a proponent of supporting South African Film content development in the early stages – from concept and pre-production to in-production skills development and post production support. It is a non Profit Company for Film development and empowerment based in Pretoria. They specialize in talent development, scout and empowerment across South Africa. They conceit themselves by producing successful Non-Funded Film Projects that earned National & International coverage in both TV, Radio, Print Media and by unearthing and developing talents in all underprivileged Rural and Townships across South African.
They are currently conducting a 1000 job Creation nationwide tour Seminar in all 9 provinces.
THE HEADLINES
BASIC EDUCATION
Basic Education Minister Angie Motshekga has described the performance the class of 2022 as the absolute embodiment of true ambassadors of public schooling. She said the class of 2022 did the last two and half years of their schooling under intermittent Covid-19 lockdowns, school closures and various difficulties, including curriculum trimming.
The Minister is at the Mosaiek Church in Fairland Johannesburg where she is releasing the results.
The latest from there…
To chat more about these results
Professor Ramodungoane Tabane
Chair of Department: Psychology of Education - UNISA
Jimmy Moyaha
Market analyst
• Woolworths Holdings
• The Spar Group Limited
• Post Office to cut salaries, working hours in bid to slash staff costs
• AB InBev makes Hunters cider fair game in Distell merger
LIVE FROM MBOMBELA |
Nada Wotshela Group Executive for SABC Radio
&
Mduduzi Vilakazi Acting CEO Mpumalanga Tourism and Parks Agency
BUSINESS WRAP
Makwe Masilela
Founder & CIO - Makwe Fund Managers
• Sars releases new guidance on transfer pricing for intra-group loans
• Compagnie Financière Richemont SA
• Retail Trade and Inflation Data from StatsSA
• Elon Musk has to make the first interest payment on the $13 billion debt he took on to buy Twitter
The Headlines
Kroonstad
A community protest took place in Kroonstad, Free State yesterday demanding uninterrupted water and end to power cuts. The also want the municipality to install generators for water supply equipment to alleviate problems with water distribution during loadshedding.
Joining me is
Themba May
Community activist and march organiser
SMME xChange
One of the most unfortunate stories about load shedding is how it has crippled small businesses all over the country. Some have been forced to close down and others to dip into their revenue to acquire expensive generators. Sowetan even ddid this front page yesterday that shook the nation.
Kota Central was one of the well known spots for a mouth watering Kota menu around Midrand and Tembisa area. It had two branches. Both have closed down.
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Mining Production and Sales, November 2022
• Kibo Energy LPC
• EOH prepares for rights offer
• Emails, shared info show decades of price fixing among insurers - competition watchdog
SHOP STEWARDS CORNER
The Royal College of Nursing (a union) says if progress is not made in negotiations by the end of January the next set of strikes will include all eligible members in England for the first time. It comes as UK ministers push for new laws on strike days. Nursing staff from England are set to take industrial action this week.
To chat more.
Giles Gibson
SABC Correspondent.
The Headlines
Private Prosecution
The Gauteng High Court in Johannesburg today granted President Cyril Ramaphosa an interdict to halt the private prosecution brought by former president Jacob Zuma. Another date will be handed down for when the second part of the case will be set.
To break it down for us
Canny Maphanga
SABC News journalist
BUSINESS WRAP
Khanya Nduzululeka
Co-founder: Setana Capital
• Inflation Expectations Climb Before S. Africa Rate Decision
• Treasury seeks $1bn World Bank loan to take advantage of lower rates
• British American Tobacco SA may restructure putting 200 jobs at risk
• Two dead after suspected fuel theft near Transnet pipeline
THOUGHT LEADER THURSDAY
Dr Robert Nkuna
DG of the Department of Planning, Monitoring, and Evaluation.
Previously, he was DG of Communications and Digital Technologies. He also served as a councilor at the communications regulator ICASA. Other positions include serving as Media Liaison Officer at the Ministry of Communications and as Special Advisor for various ministers. He currently holds a Masters Degree in Public & Developmental Management and PhD in Interdisciplinary Studies from Wits. He also hold to Masters Level Graduate Certificates in 1. Microeconomic Policy and Principles, and 2. Regulation of Infrastructure and Utilities both from the University of London as well as other certificates on regulatory economics from University of Florida, College of Europe in Belgium, Wits University and University of Johannesburg.
Mr Nkuna brings a wealth of experience in public administration, communication and policy development. His vast leadership experience dates back to his days as a student activist, advisory roles in Government as well as becoming the accounting officer of a national Government department. He served as an advisor to the Ministries of Telecommunications, Transport & Energy in the Republic of South Africa. Between 2006 and 2010, Mr Nkuna was a Councillor at the communications regulator - the Independent Communications Authority of South Africa (ICASA). He also served on various boards including South African Post Office (SAPO) and the Media Development & Diversity Agency (MDDA).
He holds a Master’s degree and PhD in Interdisciplinary Studies at the University of Witwatersrand, focusing on the regulation of administered prices in Infrastructure and Utility Industries.
BUSINESS WRAP
Jimmy Moyaha
Market analyst
- Amazon workers win landmark union victory in New York
- Transnet launches urgent tender for critical spares as deal with Chinese firm stalls
- FAA technology struggles cause more than 11,000 flight delays
- Ministers spit fire on Eskom
The Headlines
Post Bank
Minister of Communications Khumbudzo Ntshavheni says the Postbank will be ready to assume its role as a state bank. Ntshavheni says work is already underway to upgrade services that are offered by the Postbank. She says that the state bank amendment bill is still being debated in parliament.
She joins us
Khumbudzo Ntshavheni
Minister - Communications and Digital Technologies
Tech Conversations
PATENT FILINGS
It is reported after a decade of declining patent filings the South African Patent Office became the fastest growing intellectual property (IP) outfit in the world over the past two years. It said the the number of local filings increased by 73%, and this growth was largely due to China.
To speak to us
Anthony van Zantwijk
Patent Attorney / Director
IdeaNav
BUSINESS WRAP
Sinesipho Maninjwa
Market analyst and CA
- Tharisa PLC
- Manufacturing Production and Sales for November
- South Africa at Key Nuclear Revamp Stage as Power Grid Reels
- Employees at an Indian sports tech startup face a R20,000 fine if they contact staff who are on vacation
#TheHeadlines
Boksburg class action
It is reported that 25 people affected by the Christmas Eve Boksburg gas tanker explosion have joined to instruct a law firm specialising in class-action and civil litigation to take on their case. The lawsuit emanates from a gas explosion on December 24 when a tanker owned and controlled by Infinite Fleet Transport became wedged under a low bridge and exploded.
Representing the families is:
Zain Lundell
RH Lawyers
TheHeadlines
Ditsobotla
What’s happening in Ditsobotla Local Municipality? Yesterday a mayor was elected and today, no mayor. This is a municipality that has been struggling for sometime with no basic services rendered. A municipality that had two mayors and two separate councils trying to run the area.
It’s the same municipality that used to have the biggest factory in the country, Clover, and had to shut down due to water and electricity supply disruptions, as well as poor road infrastructure.
The person who has been following this story and what’s been happening so far
Zeblon Maine
SABC reporter
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Genstar-Backed Firm Plans South Africa Services Hub for Asset Managers
• Zambia to engage Zimbabwe over use of hydro plant at Kariba Dam
• Tata Nears iPhone Plant Takeover to Grow Apple Supply Role
• IATA reports that global air passenger traffic continued to recover in November
• Kenya Airways ’flight schedule disrupted by parts shortages
SHOP STEWARDS CORNER
Unions have accepted the National Minimum Wage (NMW) Commission’s recommendation for a consumer price index (CPI) plus 2% increase for this financial year. Cosatu said they find the offer by the government reasonable and acceptable since it will ensure that the minimum wage is not repealed by inflation.
To chat more
Thembinkosi Mkalipi
Chief Director of labour relations for the Department of Employment and Labour
The Headlines
Fort Hare University
Fort Hare University vice chancellor Professor Sakhela Buhlungu says he won’t quit the university after his body guard was killed this past weekend to what is believe was an attempt on his life. Fort Hare University Chancellor Dumisa Ntsebeza says Buhlungu has been uncovering corruption at the institution.
To comment more on this story and what needs to be done
Adv Andile Mini
President - University of Fort Hare (UFH) convocation
BUSINESS WRAP
Bandile Mathandela
Market analyst
• India Considers Lifting Rice Export Curbs as Supply Improves
• Less than a week left to submit employment equity reports
• Oil jumps 3% on demand optimism as China borders reopen
• ANC Economic Policy resolutions
Tech Conversations
On our Tech Conversation feature tonight we will focus on 3 stories. The Facebook lawsuit - accused of Discriminating Against African Users, we will also touch on the latest regarding Twitter and if you are in cryptocurrency - we will also touch on that.
Joining me
Wesley Diphoko
Editor at Large - Fast Company South Africa
TheHeadlines
The resignation of Eskom CEO Andre De Ruyter. What can we make out of it? This year South Africa is experiencing the worst load shedding and it seems it is still far from over.
What can we make of his reign?
Joining me is
Prof Sampson Mamphweli
Energy expert
BUSINESS WRAP
Dumisani Ngwenza
Analyst at Terebinth Capital
• Inflation cools slightly in November, but food prices continue to climb
• CEF predicts major fuel price cuts for January
• Land expropriation risk makes South Africans hesitant to invest in residential property
• Elon Musk loses world's richest title
SMME EXCHANGE
We continue to speak to amazing young entrepreneurs who are doing amazing work especially around businesses that you can use around these summer holidays. Tonight we are featuring an amazing young man who has a very powerful life story and continues to inspire us.
He joins us in studio
Franck Leya
Co-founder and Managing Director of Honest Travel Experience
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager at 27 Four Investment Managers
- Gold Fields CEO steps down as he takes the blame for Yamana deal
- Mantashe, Shell allowed to challenge blocked Wild Coast seismic survey at SCA
- Most citrus farmers may run at a loss after tough season
- U.S. says to commit $55 bln to Africa ahead of summit
TheHeadlines
African National Congress (ANC) members under the banner of “Kgalema Disputed NEC List” have filed an urgent court application in the High Court in Johannesburg to compel the party to provide raw data of all branch nominations for the National Executive
The ANC will be hosting its elective conference starting this coming Friday, 16 December.
The person who has been following this story:
Natasha Phiri
SABC Political Reporter
BUSINESS WRAP
Khanya Ndzululeka
Co-founder - Setana Capital
• Decision on Eskom’s 32% tariff hike expected this week
• Aspen receives R523m grant for vaccine manufacturing
• SA ranks among the lowest for Africa visa openness
• South Africa risks losing its preferential market access to the US
SPONSORED INTERVIEW - (10 MIN)
CASTLE LAGER#KEEPITWITHIN CAMPAIGN
For over 127 years, Castle Lager has always been a brand that represents the values of resilience and unity, bringing together South Africans, through our favourite pastimes.
The Castle Lager new campaign – Keep It Within about recognizing and celebrating the good in our communities. The good that they are celebrating in this campaign are our small businesses that help to grow our communities and economy. Castle Lager’s goal is to grow 50 small businesses by 10% by the end of 2023, through marketing support, business development support as well as funding. Mzansi’s favourite brand is committing to giving R34.5m in marketing support to these small businesses through our 500ml cans, website and social pages as well as our national sports platforms.
Georgina Van Niekerk
Castle Lager Marketing Manager
The 1982 Maseru Massacre
Tomorrow, December 9, marks 40 years of the 1982 Maseru Massacre. On that early morning the South African Defense Force (SADF) officers crossed the border into Maseru, and raided homes where members of the African National Congress were staying. The SADF killed 42 people, including 30 South Africans wrongly accused of being terrorists.
Joining me
Nomzamo Nkatshu
Survivor and the child of the victim.
&
Nomabali Mapela
Founder: Dr NB Ngcipe Foundation / child of the victim
TheHeadlines
Minister in the Presidency Mondli Gungubele said that delaying decarbonising sectors in South Africa could cost the country trade partners and jobs…also saying SA could lose up to 100 000 jobs if we did not invest in capacity for electric vehicles soon.
To talk more about this
Mikel Mabasa
CEO - National Association of Automobile Manufacturers of South Africa (NAAMSA)
BUSINESS WRAP
Akona Mlamlemli
Portfolio Manager - 27 Four Investment Managers
• TymeBank’s finalises R1.5bn acquisition of Retail Capital
• Transnet doubles capacity to small miners - at the expense of larger exporters
• Q3 GDP shows some marginal improvements in growth
• B-BBEE Commission raises the stakes for JSE-listed companies
SHOP STEWARDS CORNER
Domestic workers say it's been two months since parliament sent the for COIDA to the President to sign it into law and also saying there’s been fewer than
ten claims from domestic workers than have been processed.
To talk to us
Pinky Mashiane
President of United Domestic Workers of South Africa (UDWOSA)
Domestic workers say it's been two months since parliament sent the for COIDA to the President to sign it into law and also saying there’s been fewer than
ten claims from domestic workers than have been processed.
To talk to us
Pinky Mashiane
President of United Domestic Workers of South Africa (UDWOSA)
PHALA PHALA
THE ANC National Executive Committee (NEC) recused President Cyril Ramaphosa from attending its meeting at Nasrec today. They were discussing the Section 89 independent panel report on Ramaphosa's Phala Phala farmgate. And, today, speaker Nosiviwe Mapisa-Nqakula turned down the African Transformation Movement’s (ATM) request to have the impeachment vote against President Cyril Ramaphosa by secret ballot.
To chat more
Mzwandile Mbeje
SABC Political Editor.
BUSINESS WRAP
Sinesipho Maninjwa
Market analyst and CA
• Oceana Group
• Metair Investment Limited
• Glencore reaches agreement with the Democratic Republic of Congo over past conduct
• Here’s how much it costs to buy funeral franchises like Doves or Martin’s
THOUGHT LEADER THURSDAY
Sandisiwe Ncemane
Acting Group CEO - PetroSA
Pr. Eng, MSAIEE, BSc.Eng, M.Eng, Prince 2 Practitioner, holds an Electrical Engineering degree from the University of Cape Town (UCT), with a Masters in Engineering Management from the University of Pretoria.
In 2017, she was a finalist for Woman in Power/Water in the Africa Utility Week Industry Awards as well in the Standard Bank Top Women Award in 2015.
Previous companies include: Manager at Central Energy Fund, Project Development Manager at Coega Development Corporation, Media & Broadcast Technology Project Manager at Siemens, Telkom, SABC and more.
PHALA PHALA
The ANC has called a special meeting of its national executive committee for tomorrow morning following a finding by the section 89 independent panel on Phala Phala that found that President Cyril Ramaphosa may have committed a serious violation of the law and serious misconduct in terms of the constitution.
To talk more about this and the latest concerning this story
Samkele Maseko
SABC Political reporter
BUSINESS WRAP
Bandile Mathandela
Market analyst
• Nampak Limited
• Sanlam and Absa conclude deal to create R1-trillion black-owned asset manager
• Murray & Roberts
• Phala Phala turmoil snuffs out Fed-fuelled market rally for SA
TECH CONVERSATIONS
The Minister of Communications and Digital Technologies Khumbudzo Ntshavheni in partnership with the Vice-chancellor of the University of Johannesburg, Prof Tshilidzi Marwala and the Vice-chancellor of the Tshwane University of Technology, Prof Tinyiko
Maluleke launched the Artificial Intelligence Institute of South Africa and the UJ and TUT Artificial Intelligence Hubs. It is one recommendations of the Presidential Commission on the Fourth Industrial Revolution (PC4IR) and aims to place South Africa as a leading country in the world on digital technologies.
To speak to us
SCRAP METAL
Government says it will ban scrap metal exports for six months to limit the damage of copper cable theft to the economy. It is estimated to have cost the economy over R47 billion in damages annually.
To chat more
Stephen Hanival
Chief Economist - DTI
BUSINESS WRAP
Makwe Masilela
Founder: Makwe Fund Managers
• Fairvest Limited
• Group of cane growers mulls bid for Tongaat assets
• Government confirms scrap metal export ban
• Financial Statistics of General Government, 2021
SPONSORED INTERVIEW
Tonight we are talking about the The Cultural Xperience - a signature event of the Mpumalanga Government coordinated by the Department of Culture, Sport and Recreation.
The inaugural festival was in 2016. The objective is to promote Social Cohesion, give a platform to artists to perform and promote Tourism in the Province.
This year is the 7th Edition, with eight (8) Pillars. The festival starts from 26 November to 11 December 2022. The Department has partnered with the House of Traditional Leaders in the Province.
One of the Pillars of the Festival is the Sunday Soul Session which attracts people from other Provinces.
To speak to us
Sibongile Nkosi
Senior Communications Manager: Mpumalanga Department of Culture, Sport and Recreation.
SMME EXCHANGE
We continue to speak to companies based in rural areas and the townships that are mainly there to promote tourism and grow economy within their areas. These are companies will be mostly active during the summer season or the festive season.
Tonight we are speaking to Book Ibhono - is a tour company that offers fun & educational bicycle tours amongst other activities in & around the historic township or Orlando in Soweto.
Tonight we are speaking to:
Mpumelelo Mtintso
Founder of Book Ibhoni
JOBLESS RATE
The Quarterly Labour Force Survey from Statistics South Africa (Stats SA) showed that the unemployment rate fell by 1 percentage point to 32.9% in the third quarter, down from 33.9% in the second quarter. They say this is the lowest jobless rate since the first quarter of 2021 as the number of unemployed persons declined by 269 000 to 7.7 million, and employment rose by 204 000 to 15.8 million.
To tlak more on this and what it really means for young people is:
Tessa Dooms
Youth Policy Expert and Director at Rivonia Circle
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• South Africa Jobless Rate Drops To Third Highest in the World
• African Bank reports full-year profit growth of nearly 40%
• Vukile upbeat about record occupancies amid 'aggressive' retailer expansion
• Elon Musk threatens war with Apple, jeopardising vital relationship
SHOP STEWARDS CORNER.
The Communication Workers Union (CWU) at the Post Office is demanding a 15% salary increase across the board, a R900 housing allowance, and a R2500 housing subsidy. They are also calling for the bail out of the SA Post Office.
To chat more
Aubrey Tshabalala
General Secretary - Communications Workers Union
BUSINESS WRAP
Sinesipho Maninjwa
Market analyst and CA
• Standard Bank Group
• Sibanye Stillwater
• ‘Fictitious’ loan puts Spar CEO under the spotlight
• Transnet auction fails to attract private sector
THOUGHT LEADER
Vatiswa Ndara
Actor and author: Unfiltered - My Unglamorous odyssey in the world of South African entertainment
BUSINESS WRAP
Dumisani Ngwenza
Analyst - Terebinth Capital
• Clicks acquires the rest of Sorbet in R105m deal
• Mr Price Group
• Lewis Group Ltd
• Reserve Bank rates decision
THEHEADLINES
A Stellenbosch civil society group called Stellenbosch Backyard Dwellers Forum marched to the Stellenbosch municipality yesterday to hand over a housing petition. They say if the municipality does not respond within seven days they will occupy the Stellenbosch Golf Club.
To speak to us
Belinda Fray
Vice Chair - Stellenbosch Backyard Dwellers Forum
TechConversations
Protests have erupted at the world's biggest iPhone factory in the Chinese city of Zhengzhou. Videos showed hundreds of workers marching, with some confronted by people in hazmat suits and riot police. Those livestreaming the protests said workers were beaten by police. Videos also showed clashes.
Manufacturer Foxconn said it would work with staff and local government to prevent further violence.
What exactly is happening over there?
To speak to us
Yamkela Spengane
Technology researcher
THEHEADLINES
It’s Black Friday this Friday and it seems Makro could experience a difficult Black Friday if the employees decide to strike this coming Friday. The South African Catering, Commercial and Allied Workers Union (Saccawu) has a two day picket saying it wants put pressure on the company.
To speak to us
Mike Tau
First Deputy President - SACCAWU
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• SA’s CPI rises to 7.6%
• Naspers Limited
• RFG Holdings
• Chinese Mining Deals Under Review as Congo Targets Windfall Profits
SMME xChange
As we approach the festive season we continue to speak to businesses based in the townships and rural areas that you might want to support this festive season. Tonight, we are speaking to the guys at TR Lifestyle Lounge based in Tumahole township, Parys.
Joining me is
Thabang Rangakile
Founder: TR Lifestyle Lounge
THEHEADLINES
The ANC’s Electoral Committee chair Kgalema Motlanthe today announced the list of those who made it for the nominations for the party’s top six positions. The ANC Conference to take place next month from 16 December - 20 December.
Joining me
Samkele Maseko
SABC Political Reporter.
BUSINESS WRAP
Zwelakhe Mnguni
Co-founder and CIO- Benguela Global Fund Managers
• Pepkor Holdings Limited
• SARB indicator shows improved economic activity in September
• Sanral says projects awarded to Chinese companies ‘will use local materials’
• Omnia Holdings LTD
SHOP STEWARDS CORNER.
Tomorrow, about 800,000 public servants are set to go on strike. They are demanding at least 6.5% pay increase or an amount linked to consumer inflation. It is called The National Day of Action. The protest action is being organised by public service unions affiliated with Cosatu, the SA Federation of Trade Unions (Saftu), and the Federation of Trade Unions of SA (Fedusa).
To speak to us
Simon Hlungwani
COSATU Public Sector Unions representative and President of DENOSA
THE HEADLINES II
The SABC says the judgment delivered by the Constitutional Court today is sickeningly disappointing, to say the least. Secretary General Solly Mapaila said "The judgment does not even say anything about the submissions made by the SACP and the Chris Hani family when the court heard this matter”. The Constitutional Court ordered the Minister of Justice and Correctional Services to place on parole within 10 days Janusz Waluś.
To speak to us
BUSINESS WRAP
Khanya Ndzululeka
Co-founder - Setana Capital
• PPC Limited
• Novick hits back at claims of conflict, big demands in SAA showdown
• Cabinet gives go-ahead for restrictions on scrap metal exports
• Astral Foods Limited
THEHEADLINES
The taxi strike took place in Cape Town today. Violent incidents were reported including the torching of buses. It also reported that Some matric learners were unable to get to school to write their exams. The taxi Industry is demanding, among other things, the end to the impounding of taxis and a continuation of the Western Cape government’s Blue Dot Taxi project. We spoke to SANTACO WC Nceba Enge on Thursday last week
Short Clip:
To speak more
Mr Daylin Mitchell
Western Cape Mobility MEC
THEHEADLINES
The Constitutional Court has granted mining companies leave to appeal directly with it a Western Cape High Court order, which found that the Slapp suits were an abuse of processes and were inconsistent with constitutional values. Slapp is short for strategic litigation against public participation.
The Australian Mineral Commodities and its South African subsidiary Mineral Sands Resources – had instituted against environmental lawyers Christine Redell and Tracey Davies, and community activists Mzamo Dlamini, John Clarke and Cormac Cullinan.
To speak to us
Mzamo Dlamini
Activist - Wild Coast
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Mediclinic International plc
• Woolworths Holdings Limited
• Biggest Devaluation in Six Years May Be on the Cards for Nigerian Currency
• Maintenance worker arrested for sabotage at Eskom's Camden power station
SMME xChange
We are still talking to businesses that host activities that you might need this upcoming holiday season. Tonight we are speaking to the guys behind #IloveSoweto. Soweto Art and Craft Development is an hub for over 60 creatives based in Soweto to as far as Pretoria and the Vaal. The main aim of the organisation is to develop, promote and enhance entrepreneurs within the creative sector. The hub focuses on Brand Development, Business Development, Access to New Markets, Marketing, Events and Art Education.
Joining me is
Mbalemnyama Radebe
Co-founder and Creative Director - Soweto Arts And Craft Development.
THEHEADLINES
Senzo Meyiwa Case
There was a bit of drama at the Senzo Meyiwa trial this morning when attorney TT Thobane exchanged words with Judge Tshifhiwa Maumela. Thobane had been questioning Madlala on keeping track of time and the state was not happy when Thobane asked Madlala what time he had been picked up from where he had spent the night to come to the court this morning.
Madlala, who was one of the people who was in the house the night the former Orlando Pirates goalkeeper Senzo Meyiwa was murdered, has been facing cross-examination from Thobane since the resumption of the trial yesterday.
Joining us
Chriselda Lewis
Senior reporter - SABC
BUSINESS WRAP
Akhona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Novick’s Takatso departure shouldn’t be taken ‘too seriously – ’Gordhan
• Stor-Age Property REIT Limited
• Final hurdle cleared for building to begin on two 140MW wind farms
• Transaction Capital Limited
BUSINESS WRAP
Khanya Ndzululeka
Co-founder - Setana Capital
• Shoprite Holdings LTD
• Telkom trading statement
• Vodacom Group Limited
• SAA deal in crisis as Gidon Novick resigns from Takatso board
• Brait PLC
TheShopStewardsCorner
Xolani Fakude, the Sadtu secretariat officer wrote in yesterday’s papers on why Sadtu is not on strike. He said the The SA Democratic Teachers ’Union (Sadtu) and its leaders have been singled out for vicious attack, including by our own comrades
He joins me
Xolani Fakude
SADTU Secretariat Officer
THEHEADLINES
The chair of parliament’s communications & digital technologies portfolio committee, Boyce Maneli, says the government needs to allocate funds to the SA Post Office, saying failure to do so could be “catastrophic” to service delivery. He wrote a letter to the
parliament’s finance committee last week that the decision not to allocate funding to the Post Office in the medium-term budget policy statement tabled last month was “erroneous”.
He joins us
Boyce Maneli
Chair - Parliament’s communications & digital technologies portfolio committee,
KultureTalk
Nonjabulo Ximba
Academic
Ukuhlaziya amasu okuxoxa indaba emculweni kaVusi Ximba = An analysis of storytelling techniques in Vusi Ximba’s Music.
This research looks at Vusi Ximba's storytelling techniques in his music. This is done because it is believed that Ximba is one of the arts' innovators who has demonstrated immense talent in music by employing a variety of techniques to present his work to the public. The purpose of this research is to look at the artist's storytelling techniques, as well as to examine the themes that Ximba uses in telling stories and, finally, to analyze the use of language in Ximba's music. The qualitative research method is used to collect data for this study, and it is used to learn more about the research's reasons, ideas, and motives (Tesch, 2013) and then to look under the analytical method using the criterion. The interpretive paradigm is used to analyse information that had been collected. All Ximba's songs that have storytelling elements in them have been collected and are being listened to and recorded for easy access to information. Several publications have been read to support the study's findings. Narratology and structuralism are the theories employed in this study. Because this research focuses on storytelling techniques, these are the theories that are relevant to it. The findings of this study show that, while Ximba did not receive the same acclaim as other artists and his music, there is something to be learned from his work and a notable talent
THEHEADLINES
If you remember on Monday we spoke to the Acting Mayor of Emfuleni Hassan Mako regarding Eskom being granted an order to attach the assets of the municipality to recoup the R1.3bn debt.
And we read in the Sowetan today the The Vereeniging Business Corporation (VBC), took a decision this month that none of its members will pay for services come the end of November.
To speak to speak o us
Mpho Khambule
Director and Spokesperson - Vereeniging Business Corporation
BUSINESS WRAP
Dumisani Ngwenza
Analyst at Terebinth Capital
• Builders flags shortage of inverters due to Stage 6 load shedding in July and OctoberManufacturing Production and Sales for September 2022
• Musk’s First Email to Twitter Staff Ends Remote Work
• Multichoice Group Limited
TechConversations
Ilitha Communication led by Vuyani Jarana, former SAA CEO, recently unveiled promising affordable internet in underserviced areas. He recently launched it in Mdantsane, Eastern Cape. Jarana says he wants the company's services to reach places broadband has not gone.
He joins us on the line
Vuyani Jarana
Founder: Ilitha Communication
THEHEADLINES
About a week o two ago we spoke to the cane growers on the impact the Tongaat business rescue plan is having on them. The day we spoke to them - they were supposed to have a meeting with the BRP team the following day.
To get an update
Kiki Mzoneli
Deputy Chair - SA Canegrowers Association
BUSINESS WRAP
Makwe Masilela
CIO and founder: Makwe Fund Managers
• CompCom says no to proposed Plascon and Dulux merger
• Tongaat’s BRPs settle on payment plan with canegrowers
• Northam Platinum
• Primer Fishing and Brands Limited
THEHEADLINES
The Black Economic Forum has released a statement regarding the amendments to the to the Preferential Procurement Policy Framework Act, 2000 (PPPFA). They say Finance Minister’s regulations are against the Broad-Based Black Economic Empowerment (B-BBEE) requirements.
To speak to us
Esethu Mancotywa
BMF Acting President
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Murray & Roberts to sell stake in subsidiary Clough
• WWE Plans Long-Term Push in Africa With Tryouts, Partnerships
• OPEC+ Cuts That Steadied Market Now Bring Risk of $100 Crude
• Nigerian influencer known for flaunting photos of watches, jets, and clothes gets 11 years for fraud
Shop Stewards Corner
The Public Servants Association (PSA) said it will lead its members on a one-day stayaway on Thursday that will disrupt airports, border posts and immigration and other home affairs services. This follows a breakdown in public sector wage talks and the award of strike certificates to four unions by the public sector bargaining council.
To speak to
Reuben Maleka
PSA Assistant General Manager
THEHEADLINES
Eskom says the North Gauteng High Court in Pretoria has granted an order allowing it to attach R1.3 billion of the Emfuleni municipality’s assets for its "continued failure" to settle its accounts and arrears. Eskom today said it had started taking steps to recover some of the money including attaching bank accounts and moveable assets
Speaking to us from Emfuleni Municipality is:
Hassan Mako
Acting Mayor - Emfuleni Municipality
KultureTalk
Viwo Kulati
Artist
Viwo is born Viwolwetu Kulati and hails from 'The Creative City', Makhanda in the Eastern Cape. Her love for music and respect for the arts emerged at a young age after being exposed to The Annual Grahamstown National Arts Festival. That came full circle as she later graced the NAF Dakawa Jazz series stage alongside Dumza Maswana in 2017. In 2018 , Viwo came 3rd in the KayaFM and Emirates pursuit of Jazz competition and in the same year started travelling and performing as a backing vocalist for Zonke Dikana
THEHEADLINES
Ethiopia and Tigray rebels sign peace agreement
A historic peace agreement was signed yesterday between Ethiopia and Tigray rebels, bringing an end to a two-year conflict that has claimed hundreds of thousands of lives. Talks took place here in SA led by former Nigerian President Olusegun Obasanjo.
The agreement came after more than two months of intensified fighting in the country’s northern Tigray region, with neighbouring Eritrean troops reportedly crossing the border in support of the Ethiopian government.
To talk more on this
Zane Dangor
DG - Department of International Relations and Cooperation
BUSINESS WRAP
Bandile Mathandela
Market analyst
• Plea for the suspension of anti-dumping duties on frozen potato chips
• Sibanye Stillwater
• Chimney Collapses at South African Utility’s Unfinished $13 Billion Power Plant
• Free State dam disaster: Criminal case to be opened against Jagersfontein Developments
TechConversations
Wits Business School has partnered with the Small Enterprise Development Agency is to pilot an e-commerce /Micromobility Accelerator programme. It says the
the programme is aimed at innovative start-ups that would like to accelerate their growth.
To speak more
Semukele Mlotshwa:
Project manager at WBS for Seda for e-commerce /Micromobility Accelerator programme
THEHEADLINES
Ekuruleni
Former Ekurhuleni mayor Mzwandile Masina has withdrawn from the race to lead the metro’s council, paving the way for what is believed is the appointment of the EFFs Nkululeko Dunga. The council sitting to elect mayor was postponed
due to council voting technicalities.
The person following the story
Samkele Maseko
SABC Political reporter.
BUSINESS WRAP
Makwe Masilela
Founder and CIO- Makwe Fund Managers
• Glencore flew cash across Africa in private jets to pay bribes
• Dis-Chem Pharmacies
• Strike Looms as South Africa Rejects Civil Servants ’Pay Demands
• Pepkor Holdings Limited
SMME xChange
As we enter the summer season, we will be talking to businesses mostly in the townships and rural areas that place a big role in promoting tourism, holiday activities and summer related businesses.
Our guest tonight is:
Thokozani Mabazo
Founder : Ngodini Bundus
#THEHEADLINES
Tomorrow, 2 November, SA Canegrowers says it will meet with the Business Rescue Practitioners appointed in the Tongaat Hulett Limited (THL) matter. And, this follows a meeting held yesterday between the business rescue practitioners and representatives of the growers impacted by the THL Board’s decision to enter into voluntary business rescue, which, they say has placed the entire sugar industry and the jobs it sustains in a perilous position with thousands of jobs and livelihoods hanging in the balance.
To speak to us on this
Ms Kiki Mzoneli
Vice-chairperson of the SA Canegrowers Association.
BUSINESS WRAP
Khanya Nduzululeka
Co-founder: Setana Capital
- Tongaat and its BRPs miss payment deadline to cane growers
-
Sibanye Stillwater Limited
-
SCA trashes Siyangena's bid to overturn R5.5bn Prasa corruption finding
- Naspers Limited
SHOP STEWARDS CORNER
Workers affiliated to Saccawu, the South African Commercial, Catering and Allied Workers Union, went on strike last week demanding a 12% wage increase. This is after four months of negotiations with the employer without yielding any results. Apparently, the strike has been called off.
To speak more
Mike Tau
2nd Deputy President - SACCAWU
THE HEADLINES
Eskom board Mteto Nyathi was quoted in the Sunday Times saying - “Procurement rules are not as agile as they should be, including rules which say you cannot use suppliers that are not local.
He was commenting on Eskom. He went further saying
“When the supplier of equipment is an international company ... you have to use middlemen to satisfy the localisation rule…..There’s no place for those kinds of practices now. We need to remove costs from the equation. We need to make sure we are connecting directly with the people who have the knowledge that will get us out of this crisis as soon as possible.”
To comment on this
Kganki Matabane
CEO - Chief Executive Officer and Executive Director of the Black Business Council
BUSINESS WRAP
Sinesipho Maninjwa
Market analyst and CA
• Private-sector credit demand speeds to fastest pace in seven years
• Balwin Properties Limited
• Nigeria’s Bank Note Redesign Will Help Deal With Counterfeiting and Inflation, President Says
THEHEADLINES
The property management business Liberty Two Degrees says the security situation at Johannesburg’s Sandton business, shopping, hotel and retail hub is being closely monitored after a terror threat alert. It says, in partnership with the authorities, we are monitoring the situation and have appropriate security measures in place in and around Sandton City.
The Institute for Security Studies (ISS) has called on the public not to panic, but remain vigilant.
Joining me
Willem Els
Senior researcher - ISS
BUSINESS WRAP
Roy Mutooni
Analyst - Absa Asset Management
• Tongaat Hulett forced into business rescue
• Astral Foods Limited
• Discovery beats 'rogue' RAF as court slams payout ban for medical aid members
• Producer Price Index for September 2022
SPONSORED INTERVIEW
Parents may be concerned about how well their child will do when the results come at the end of a school term but some fail to assist them during the most difficult time of writing exams. Most young people feel anxious when taking an exam but some parents make it worse by not giving these young people suitable support during this important season of their matric lives.
Your duty as a parent is to help your child achieve the optimal balance between being too relaxed and being paralysed by anxiety. This is a definitely a different time, if your child has certain obligations at home to assist with household chores and other things at home, this is the right time to ease that burden so that your child can focus only on their exams and do some revision.
The Old Mutual Foundation and renowned and trusted organisations like loveLife, the Imbumba Foundation and Centre for Mental Wellness and Leadership (CMWL) intervene through their initiative of 21 ACTS OF GOODNESS.
To speak to us
Nomfundo Mogapi
Founder at Centre for Mental Wellness and Leadership
The discussion
Lebogang Mulaisi
Head of Policy Unit at Cosatu
And
Russell Rensburg
Program Manager Health Systems and Policy at
The Rural Health Advocacy Project
THEHEADLINES
MTBPS
Finance Minister Enoch Godongwana tabled the Medium-Term Budget Policy Statement today. He said several long-standing structural impediments continue to hamper growth. These include:
• unreliable electricity supply,
• costly and inefficient ports and rail network,
• crime and corruption,
• weak state capacity, and
• high levels of market concentration and barriers to entry that suppress the emergence and growth of small businesses.
To talk more:
Edgar Sishi
Deputy Director-General: Budget Office at National Treasury
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Famous Brands Limited
• Mercedes Benz Group results
• Mondelez Pledges $600 Million as African States Snub Cocoa Talks
• Illegal car imports cost the taxman as much as R8bn
SMME XCHANGE The Land Bank has launched a three-year R1.95 billion blended finance scheme. The scheme aims to marry state-provided grants with Land Bank loans to help reduce the financial risk of emerging farmers to the bank. This marks the Land Bank's resumption of lending to new clients, having held on to its funds after entering debt default in April 2020. To speak to us Mr Sydney Soundy Executive Manager Strategy and Communication - Land Bank
THEHEADLINES The Gauteng High Court in Johannesburg has ruled that the ousting of Dr Mpho Phalatse unlawful, unconstitutional and invalid. It also ordered that the decision taken by the council on 30 September to elect Dada Morero as the executive mayor of the City of Johannesburg is declared unlawful, unconstitutional and invalid.
COMMUNITY FOCUS
TEMBISA COMMUNITY FORUM The Tembisa Community Forum tomorrow is hosting something interesting - a House Eviction Awareness campaign. They say this is to educate residents and make them aware of evection process - and to stop illegal evictions of Tembisans from their homes. Joining me Mr Xolani Mnisi Tembisa Community Forum spokesperson
Rishi Sunak, who is also one of the wealthiest politicians in UK, will be asked to form a government by King Charles, replacing Liz Truss, the outgoing leader who only lasted 44 days in the job . He defeated centrist politician Penny Mordaunt, who failed to get enough backing from lawmakers to enter the ballot, while his rival, the former prime minister Boris Johnson, withdrew from the contest saying he could no longer unite the party.
To speak to us
Professor John Stremlau
Department of International Relations – Wits University
Sinesipho Maninjwa
Market analyst and CA
Naspers and Prosus plunge as Xi spooks investors
Altron doubles dividend as profit rockets
South African Unions Revert to Demanding 10% State Wage Increase
Another SA medical scheme is facing solvency issues
October being transport month, we talk to organisation that assist entrepreneurs in the transport sector. The IDC Automotive and Transport Equipment Strategic Business Unit. It says it is focused on ensuring both domestic and global competitiveness in the downstream manufacturing of automotive, transport equipment and related components. It prioritises funding and support to automotive and transport equipment manufacturing entities that offer high developmental impact on return while playing a significant role in growing the country’s economy.
To speak to us
Mr Joy Balepile
Head: The IDC Automotive and Transport Equipment Strategic Business Unit
Tonight, our focus is KasiD app - a food delivery service that is catering for the township market. It currently operates in areas like Tembisa, Midrand, Kempton Park, Ivory Park,Kloorkop and Kaalfontein.
Joining me
Freddy Mahhumane
Founder: KasiD
Khanya Ndzululeka Co-founder - Setana Capital
Germany to Allow Purchase of 20 Grams of Cannabis, Report Says
MTN Walks Away From Talks to Buy South Africa’s Telkom
• Land Bank finally reaches agreement with creditors
Steinhoff Ex-CEO’s Assets Frozen by South African Central Bank
President Cyril Ramaphosa today hosted the Sahrawi Arab Democratic Republic President Brahim Ghali who is on a state visit. Ghali is in South Africa following an invitation by the President who’s aiming to strengthen bilateral relations between the two countries. To understand the significance of this visit we are joined by:
Izak Khomo Analyst - African Affairs
Akona Mlamleli Portfolio Manager - 27 Four Investment Managers
Pick N Pay Stores Limited
Cashbuild Limited
R320m fuel deal goes awry at PetroSA
Untu signs three-year Transnet wage deal
Prison wardens stood held a picket in outside Pollsmoor Prison in Tokai, Cape Town last week. The workers were demanding better wages and working conditions.
To speak to us Richard Mamabola POPRCU national spokesperson
Today, Deloitte launched the 2022 Deloitte Africa Transparency
Report. The report highlights strides made by Deloitte Africa to reach critical milestones across its audit quality and transformation journey. To speak more Ruwayda Redfearn
Sinesipho Maninjwa Market analyst and CA
Calgro M3 Holdings Limited
Ramaphosa, ministers conclude agreements worth R270bn in Saudi Arabia
Collapsed RCL BEE deal forces R230m bailout
Saudi Arabia’s Super Fund Leans on Influence of BCG Power Broker
BUSINESS WRAP 2
Roy Mutooni
Analyst - ABSA Asset Management.
Mining production falls for seventh consecutive month
Botswana banned SA fruit and veg. Now traders there are demanding a U-turn.
TSMC to the World: We Have No Good News for You
PIC insists it can't disclose its investments - despite new legal requirement
Business Wrap III
The South Gauteng High Court in Johannesburg has placed Arnot OpCo into business
rescue just months after the shuttered mine revived operations and supply of coal to
Eskom. In a judgment handed down yesterday, the Salungano Group – the 50% owner of
Arnot – was granted its application to have the operation placed under supervision and
business rescue proceedings in terms of the Companies Act.
Salungano said business operations of the mine will continue as usual, including the
supply of coal into the Arnot power station.
Mxolisi Hoboyi
Director: Stakeholders Management - Innovative Resources
TECH CONVERSATIONS
TooMuchWifi has been announced as the latest investment in the impact investing
portfolio of the Mineworkers Investment Company (MIC). MIC has invested an undisclosed
amount to acquire a 24.85% stake in internet service provider, TooMuchWifi .This comes
after MIC wrapped up what it described as a “successful investment campaign” targeting
emerging, high-growth potential businesses in SA.
The TooMuchWifi investment is expected to play a major role in enabling the Cape Town-
based business to achieve its ambitions of providing economic internet solutions to all
South Africans…according to their statement.
Joining me
Thato Ntseari
The Impact Investment Manager at MIC
BUSINESS WRAP 2
Makwe Masilela
Founder and CIO - Makwe Fund Managers
Grindrod Shipping Holdings
Striking Transnet workers reject latest offer
Bumper paydays for FirstRand and FNB CEOs
SABC turnaround plan: MPs call off meeting with execs as comms minister fails to show -
again
According to the SABC, whose management and board appeared before the portfolio
committee on communications and digital technologies, its incurred irregular expenditure
stands at R2.8bn. “On irregular expenditure, the R2.8bn balance has its origins as long
ago as 2011. It was about R2.6bn in 2018. This year irregular expenditure only amounted
to R91m coming down from about R600m from five years ago,” SABC finance
boss Yolande van Biljon told the committee.
SABC CEO Madoda Mxakwe said the management team he leads has done well to
change the financial fortunes of the troubled broadcaster. This despite the SABC still
spending more than the money it generates. According to its financial books, the
broadcaster cumulatively makes a revenue of R5bn, while its expenditure is R300m more.
SMME XCHANGE
The Gauteng provincial government, the Industrial Development Corporation (IDC) and the
SA SME Fund have established a R300-million SMME Crisis Partnership Fund for small
businesses in Gauteng. Each of the three partners has contributed R100-million towards
the fund.
To speak to us
Saki Zamxaka
CEO of the Gauteng Enterprise Propeller
THEHEADLINES
Lesotho’s newly established party, Revolution for Prosperity (RFP), has won the country’s
election, but did gain an outright majority. The party, formed by businessperson Sam
Matekane in March this year, won 56 parliamentary seats.
Rapelang Radebe
SABC Correspondent - Lesotho
BUSINESS WRAP
Zwelakhe Mnguni
Co-founder and CIO - Benguela Global Fund Managers
Sanlam to acquire control of Afrocentric
Serena Williams’s Firm Invests in Nigerian Data Provider Stears
Eskom coal supply mine Arnot OpCo placed under business rescue
Phanda pusha pay: Celebs Skhumba and Ntuli nabbed for taking lottery money without
disclosure
BUSINESS WRAP
Sinesipho Maninjwa
Market analyst.
Nobel economics prize goes to former Fed boss Bernanke, others for financial crises
research
Kumba braces for big hit from Transnet strike
Mbalula chastised in Intercape taxi violence and intimidation ruling
Competition Commission ordered to reconsider Caxton’s bid for Mpact
THEHEADLINES The General Secretary of the South African Communist Party (SACP), Solly Mapaila says the SABC is ready to contest elections. He said the ANC had moved away from its own manifesto and policies. He was speaking that the Cosatu congress To speak to us Solly Mapaila SACP General Secretary
BUSINESS WRAP Sinesipho Maninjwa Market analyst and CA • Tiger Brands • Nigeria to Allow Savers to Dip Into Pension Funds for Mortgages • Eskom starts decommissioning old coal plants • Cape Town airport has less than a week of jet fuel left
#SMME xChange
Tonight, we focus on the work of the Automotive Industry Transformation Fund, its success so far and what it aims to achieve. Founded in 2020 by seven multinational automotive manufacturers in SA namely BMW, Ford, Isuzu, Mercedes-Benz, Nissan, Toyota, Volkswagen.
To speak to us
Jabulani Selumane
CEO - Automative Industry Transformation Fund
#THEHEADLINES
Transport Minister Fikile Mbalula tweeted this morning “Trucks from road to rail*. This, of course sparked that horrible accident in Pongola. The community has been crying over there for sometime for intervention.
The volume of trucks on the road carrying minerals. What’s behind it?
To have this conversation?
Mesela Nhlapo
CEO - Railroad Association of South. Africa
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
- Treasury shifts two-pot retirement system implementation to March 1 2024
- Thurngela Resources Limited
- StatsSA Land Transport Survey
- eThekwini has R324bn plan to end load shedding
SHOP STEWARDS CORNER
POPCRU is to march to the Union Buildings tomorrow to submit a list of demands to President Cyril Ramaphosa in response to the government’s final offer of 3% pay rise, which they rejected. The government tabled a final 3% offer at the public service co-ordinating bargaining council (PSCBC) on August 30
To speak to us
Richard Mamabolo
Spokesperson - Police and Prisons Civil Rights Union (Popcru)
THEHEADLINES
Disaster management teams in KZN have been placed on high alert after a warning of heavy rain across large parts of KwaZulu-Natal. KZN Cogta said that the SA Weather Service warned “that inclement weather conditions can be expected across large parts of the province, starting from this afternoon into the evening”
To speak to us
Sihle Zikalala
KZN MEC of Co-operative governance and traditional affairs
Thought Leader Thursday
Simthandile “Azania” Tyhali
Spokesperson - Pan Africanist Congress
THEHEADLINES
State witness Tumelo Madlala pointed out accused 2, Bongani Sandiso Ntanzi, as one of the two men who stormed into the home of Kelly Khumalo moments before former Orlando Pirates goalkeeper, Senzo Meyiwa was shot and killed.
To talk more
Criselda Lewis
SABC Reporter
BUSINESS WRAP
Bandile Mathandela
Market analyst
• Anglo Unit Says Tax Spat Threatens Zimbabwe Platinum Operation
• Adobe Near Deal for Online Design Startup Figma, Sources Say
• FirstRand Limited
• ACSA financial results
SMME xChange
September is Tourism Month and as you know the South African tourism industry is still recovering from Covid especially small businesses. What help is there for small businesses in this industry?
Tonight, our guest is the South African Tourism Enterprise Association. The say their mission is to help stimulate inclusive economic growth within tourism by giving small businesses a voice while facilitating equitable access to opportunities and resources in a sustainable way
If you are in the tourism industry - do let know your experience. Send us a voice note to: 060 552 7303
Joining me is:
Sonto Mbonambi
CEO - South African Tourism Enterprise Association.
THEHEADLINES
WHATSAPP VOICE NOTE: 060 552 7303
The race towards the ANC’s national elective conference in December is finally open and the party has established rules for leadership contestation. A number of senior members of the party have shown interest to be part of the very powerful ANC top 6.
To understand this better and look at all the dynamics I am joined by
Samkele Maseko
SABC Political Reporter.
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager at 27 Four Investment Managers
• Eight Game stores are closing, with 700 jobs under threat
• IDC turns last year’s loss into a R6.3bn profit
• Beer industry pleads for excise certainty ahead of mid-term budget
• Russia’s cash reserves run dry as West shuns Putin’s energy
TECH CONVERSATIONS
Co-CEO of Mercedes-Benz South Africa Mark Raine spoke to Tech Central recently and said South Africa is the only major market in the world that levies higher importation taxes on electric vehicles than on polluting petrol- and diesel-powered cars, and that needs to change urgently.
To talk more
Yamkela Spengane
Technology researcher
THEHEADLINES
Today, the South Gauteng High Court granted the final liquidation order to SA Express, which was handed down without opposition. The airline did was placed under provisional liquidation in April 2020.
A group of employees at some point tried to acquire the airline. An entity called, Fly SAX
Joining me is:
Thabisile Sikhakhane
Fly SAX representative.
BUSINESS WRAP
Makwe Masilela
Founder and CIO- Makwe Fund Managers
• Imported Goods Drive Ghana Inflation to 21-Year High
• PPC Limited
• Balwin Properties
• SA Express placed in final liquidation
SHOP STEWARDS CORNER
Putco made a promise to commuters that its services will be fully operational today despite the ongoing strike by drivers. It is reported that the bus company has made a new offer to the unions. Workers are demanding 6%. The company last week dismissed 105 workers for participating in what it called an ‘unprotected strike’.
What’s the latest?
Lindokuhle Xulu
Spokesperson - PUTCO
THEHEADLINES
It's been reported that the FS Government and the Department of Minerals and Energy did ignore warning that the dam carries a potential danger to the community. The collapse of the dam has displaced communities and this afternoon it was reported that two elderly people are still missing.
Reinet Investments says it the Jagersfontein assets to Stargems Holdings, a global diamond cutting and polishing company.
The SABC journalists were there this morning: SABC Makgala Masiteng spoke to one of the victims: CLIP
To comment:
Mamokgethi Molopyane
Mining analyst
BUSINESS WRAP
Khanya Ndzululeka
Co-founder: Setana Capital
• Uganda Sees All Loan Pledges for Oil Pipeline by End of November
• Cyril Ramaphosa to visit Jagersfontein after mine dam wall collapse
• Construction sector recovers as it shrugs off myriad of problems
• Dutch government to launch R3.5 billion slavery apology fund
TECH CONVERSATION
Editor in Chief at Fast Company South Africa Wesley Diphoko argues in his latest article that to boost the township economic, it needs a thriving ecommerce platform to make this possible. He says, in the townships there are fashion designers, bakers, painters, upholstery designers, shoemakers and other entrepreneurs whose work can be traded online.
He joins online
Wesley Diphoko
Editor-in-Chief - Fast Company South Africa
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
As it was reported yesterday that Operation Dudula is going to court to challenge the Zimbabwe Exemption Permit extension - the Zimbabwe Community in South Africa, say they welcome the extension but pointed out some challenges regarding applying for the alternative visa.
Joining me is
Shelton Chiyangwa
Secretary General - Zimbabwe Migrants Support Network
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Wealth tax won't raise enough for BIG - but VAT, income tax hike may, says Treasury's Momoniat
• Competition appeal court denies Northam further intervention rights in Implats, RBPlat merger
• Tiger Brands Falls After Asbestos Trace Found in Baby Powder
• Exports of Valencia oranges to the EU voluntarily closed
SMME EXCHANGE
UK strikes
September is Tourism Month and South Africa is still recovering this sector after the devastating Covid-19. What are the funds that are available for players in this industry? Tonight we are looking at the Tourism Transformation Fund. It's a collaboration between the Department of Tourism in collaboration with the National Empowerment Fund (NEF).
Joining us
Cornelius Mdluli
NEF’s Strategic Investment Associate at the Strategic Projects Fund
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
PUTCO bus employees have been on strike since last week demanding a 6% wage increase and backpay. The employer, Putco, has branded the strike illegal and has threatened to fire the employees. Last week, the Labour Court granted the company an interim interdict that ordered the workers back to their work .
This is what the workers are saying - speaking to the SABC - AUDIO
Joining me is:
Alfred Buboko
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• South Africa’s Economy Is Smaller Than Before the Pandemic
• Shoprite Holdings Limited
• TNPA board backs R100bn expansion plan for KZN ports
• Minister Halts Cash-Strapped Nigeria’s 5% Tax on Telecom Firms
TECH CONVERSATIONS
UK strikes
A number of industrial strikes have been taking place in the UK due to escalating costs of living. Rail workers, journalists, lawyers, and postal workers have all gone on strike in recent weeks to demand higher pay. News today that even casino workers will join the strike.
To speak to us
Robert Poole
Founder: StrikeMap UK
BUSINESS WRAP
Khanya Ndzululeka
Co-founder: Setana Capital
• RCL Food Limited
• The Bidets Group
• French Bid to Counter Netflix Threat Falters on Antitrust Rules
• German authorities launch probe into T-Systems over state capture deal - reports
The Headlines
The MyCiTi bus and Dial-a-Ride services to Hout Bay in Cape Town were suspended this morning due to a taxi protest in the area. Police used rubber bullets and stun grenades trying to disperse the protesting taxis industry. The taxi industry says it has been treated unfairly over permits.
To understand this story better
Velani Ludidi
KULTURE TALK
Onyx Mona
Member - Warongx
Warongx is an electrifying Afro/blues-rock band straight out of the “United States of Khayelitsha”, Cape Town. Fronted by the unforgettable Ongx Mona — and spreading a message of Peace and Order.
• Their background and coming to Cape Town
• Their music and its message
• Cape Town and its meaning and Khayelitsha today
• The meaning of performing in trains and train stations
• Their next performance.
EQUIANO
Government & Job Creation
It is said the capacity that Equiano offers will make connectivity more accessible and affordable, helping to bridge the digital divide in SA. Making connectivity more attainable will also allow small businesses to embrace digital innovation and fully step into the digital economy
We have two small businesses who exhibited here today:
EQUIANO
Africa’s highest capacity subsea internet cable, Equiano, has reached its final destination in South Africa. The landing in South Africa, a partnership between Openserve, and Google, will have a significant economic impact for the country, and will help to drive digital transformation across the continent. Equiano landed at Openserve’s cable station facility in Melkbosstrand in Cape Town on 8 August 2022 and an event that was held in Cape Town today to officially mark the cable’s landing.
Joining me
Dr Alistair Mokoena - Country director for Google South Africa
&
Althon Beukes - Openserve CEO
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Aspen Phamacare Holdings
• Cashbuild Limited
• Plan for New State Power Company Takes Shape in South Africa
• Woolworths Holdings Ltd
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
COPE
Congress of the People (COPE) President Mosiuoa Lekota has been assaulted by a faction of his party at a media briefing taking place in Kempton Park. Lekota had called the briefing to respond to a faction led by Deputy President Willie Madisha who had earlier this week announced that Lekota was suspended from the party for his alleged involvement in dividing the party.
This what the disgruntled members said: CLIP
To speak to us
Erick Mohlapamaswi.
Cope Acting General Secretary
SMME XCHANGE
SANRAL says it is determined to support the economic recovery, development and social transformation of South Africa, primarily by maintaining and creating new jobs, especially for the youth, and in creating opportunities for small, medium and large black-owned enterprises. It says, it has made concerted efforts to empower females in its business operations by providing opportunities to B-BBEE level 1 and 2 businesses and predominantly employing women or subcontracting women-owned enterprises.
To speak to us
Mr Ismail Essa
SANRAL Transformation Manager
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Super Group Limited
• Old Mutual Limited
• China’s Mega Banks See Slower Profit Growth on Loan Pressure
• Elon Musk Attacks Twitter Deal Over Whistle-Blower as Feud Escalates
THE SHOP STEWARDS CORNER
Transnet announced recently a deadlock in wage negotiations, with two labour unions, the South African Transport and Allied workers Union (SATAWU) and the United National Transport Union (UNTU) after negotiations which started in May. Transnet said the unions had rejected its offer of a 1.5% increase on employees' pay, excluding medical and housing allowances.
To speak to us
Amanda Tshemese
Spokesperson - SATAWU
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
Former Transnet executives Brian Molefe and Anoj Singh, together with Regiments Capital directors Niven Pillay and Litha Nyhonhya, appeared in the Palm Ridge Specialised Crimes Court in Johannesburg on Monday (29 August) in connection with fraud of R398.4 million and corruption charges at ports and logistics giant Transnet.
To speak to us
Mbalenhle Mthethwa
SABC reporter
• The charges
• Do they join the other group that includes Siyabonga Gama?
• Can we expect more arrests?
• Are these part of the State Capture reports arrests?
BUSINESS WRAP
Khanya Ndzululeka
Co-founder: Setana Capital
Brian Molefe, Anoj Singh and Regiments directors charged on R398m Transnet fraud
Walmart Takes Massmart Private to Revive South African Business
Massmart loses almost a billion rand in its first half as it sells fewer goods
Sun International pays first dividend in six years as gaming sparks
Mozambique Has to Wait a Bit Longer to Ship First LNG Cargo
The Headlines
Today, the Competition Commission raided the premises of eight major insurance companies in South Africa on what it said are “reasonable grounds” to suspect the companies had engaged in collusive practices in contravention of section 4(1)(b)(i) of the Competition Act
Joining me is
Mokgale Mohlala
Divisional Manager: Cartels at the Competition Commission
BUSINESS WRAP
Bandile Mathandela
Market analyst
• The Economic Challenges Awaiting Angola’s Next Leader
• OECD Urges South Africa to Raise Taxes, Sell State Firms
• Distell Group
• Competition body raids Discovery, Old Mutual, Sanlam and major insurance firms
TECH EXCHANGE
AI AND INDIGENOUS LANGUAGES - WHAT’S BEING DONE?
Prof Johan Steyn
Research fellow at the school of data science and computational thinking at Stellenbosch University
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Who, why, when and where: A quick guide to the Saftu-Cosatu national shutdown
• Richards Bay Airport reopens to passengers in mid-September after a 20-month break
• Brent oil hits $100 a barrel on warnings by Saudi Arabia
• Kenya Airways Targets 35% Cut in Leasing Costs to Stem Losses
SMME xChange
Cannabis
Dr Shiksha Gallow, medical director at Biodata was quoted in the papers saying South Africa should get its act together or it will be left behind in commercialisation of Cannabis. She just returned from the International Cannabis Conference in Germany.
Dr Shiksha Gallow is a pioneer in the Medical cannabis industry globally as a Cannabis Clinician.
She joins me on the line
The Headlines
The official unemployment rate declined further to 33.9% in the second quarter of 2022, from 34.5% in the first, according to the Statistics SA. Unemployment hit a record high of 35.3% in the fourth quarter of 2021.
The Quarterly Labour Force Survey (QLFS) shows that 648 000 jobs were created between the first and second quarter of 2022.
To speak to us
Risinga Maluleke
Statistician General
BUSINESS WRAP
Khanya Ndzululeka
Co-founder of Setana Capital
• SA unemployment drops to 33.9% in Q2 2022
• OMNIA HOLDINGS LIMITED – Voluntary update
• SASOL Limited
• Vodacom execs barred from leaving DRC over telecoms tax battle
Shop Stewards Corner
Cosatu will embark on a national strike this coming Wednesday agains the unaffordable cost of living. It said this is the only for government to act on our socio economic challenges.
To speak to us
Bheki Ntshali-Ntshali
Cosatu Secretary General
The Headlines
President Cyril Ramaphosa has signed into law the Local Government: Municipal Systems Amendment Bill, which bars municipal managers and senior managers from holding political office.
What does this all mean?
Dr. Phindile Ntliziywana
Local government expert
BUSINESS WRAP II
Transnet has shortlisted ten respondents for private sector participation in the Durban Container Terminal Pier 2 (DCT2), in KwaZulu-Natal, and a further four for the Ngqura Container Terminal (NCT), in the Eastern Cape.
The shortlisted companies will now be issued with request for proposal (RFP) documentation.
A person who has been following this story
Andrew Pike
Head of Ports, Transport and Logistics at Bowmans
BUSINESS WRAP
Sinesipho Maninjwa
CA and market analyst
• Transnet shortlists respondents from RFQ process
• South Africa Nears Decision on Finance Minister’s Assault Case
• Record DBSA profit
• Toyota unit Hino halts light truck shipments as data scandal widens
The Headlines
Land Bank chair Thabi Nkosi wrote today in Business Day that over the past eight months Land Bank has held extensive engagements with its lenders, shareholder, parliament and farmer organisations, including the African Farmers' Association of SA, Agri SA, the National African Farmers' Union and TLU/TAU, to fully diagnose the bank’s challenges from all angles and develop a credible plan for recovery. She said the bank has developed a turnaround plan that seeks to sustainably reposition it.
Yesterday we reported that farmers from all over the country met to strategise against what they consider to be ill-considered debt collection measures by the Land Bank.
To speak to us
Sidney Soundy
Executive Manager: Strategy and Communications - Land Bank
Tech Conversations
The payment technology of Buy Now Pay Later, how big is it in South Africa? Apparently, it’s on a boom in SA and what’s behind this?
To speak to us
Craig Newborn
CEO - PayJustNow
SMME XCHANGE
We continue to speak to organisation that are there to support your needs as an entrepreneur whether we are talking financial assistance or business support. Tonight our guest are from KZN Growth Fund.
Established in 2008 by the KZN Department of Economic Development , Tourism and Environmental Affairs (EDTEA) as a key strategic initiative to accelerate Broad-Based Black Economic Empowerment (B-BBEE), job creation, and economic growth in the KZN Province.
Joining us is
Xolani Nhlapo
Principal Equity Officer - KZN Growth Fund
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
Today, as you know, is the 10th anniversary of the Marikana massacre. The feeling, especially from those are still in Marikana, is that nothing much has has changed.
SABC spoke to a Marikana activist, Napoleon Webster - CLIP
What are some of the lesson from Marikana?
Dr Crispen Chinguno
Senior Lecturer in the Sociology Department at Sol Plaatje University
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Homechoice International
• Ghana Central Bank Plans Emergency Meet After Currency Slump
• Justice minister empowers Transnet security with powers of arrest
• Why Top Miner BHP Reckons China’s Economy Is Poised to Improve
The Headlines
Consulting firm Bain & Co has took out a full-page advertisement in newspapers to apologise for its complicity in state capture allegations. It said it apologises for “serious mistakes in the procurement and execution of our work at Sars, and we kept working even as it became clear that the Sars leadership had a different agenda,”. They said in the paid for advert.
To speak to us
Tebogo Khaas
Chair - Public Interest SA
BUSINESS WRAP
Sinesipho Maninjwa
Market analyst and CA
• Spur Corporation LTD
• ABSA Group
• Eskom coal supplier Seriti buys controlling stake in wind and solar firm
• UK Labour Proposes Extending Windfall Tax on Oil and Gas Firms
TECH CONVERSATIONS
On our Tech Conversations tonight we continue to speak to amazing South Africans who are doing great work in the field of technology.
Our guest tonight is Dr Amanda Skepu - a researcher in Nanotechnology. Cell Biology, Di-agnostics and Biotechnology.
She is also an investor who developed a a rapid point- of-care screening test kit for acute kidney injury (AKI)
She joins us on the line:
Dr Amanda Skepu
Researcher and Inventor
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
Khoi and San people marched to the constitutional court yestersda to hand over a memo-randum. They are demanding that their indigenous rights be recognised and upheld in South Africa. They say they have been neglected and that South Africa’s Constitution does not recognise their rights.
To speak to us
BUSINESS WRAP
Zwelakhe Mnguni
Co-founder and Chief Investment Officer - Benguela Global Fund Managers
• Eskom wants households to pay hundreds per month before using power
• Motor-sector bosses offer Numsa inflation-based pay increases
• SA strikes deal with EU to release tons of oranges stuck at harbours
• Jumbo the Boran bull sells for a record R2,3 million
SHOP STEWARDS CORNER
Today on our Shop Stewards Corner feature we look at the nursing industry. As you probably heard, nursing has finally been added to South Africa’s critical skills list, which an aim of addressing the massive shortage of nurses in public and private hospitals across the country. Data from the SA Nursing Council showed that the country has a nursing staff contingent of around 280,000 – equal to one nurse per 213 people.
What needs to be done?
Joining me is
Lerato Mthunzi
President: Young Nurses Indaba Trade Union
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
Kenya Elections / Blinken SA visit
East Africa largest economy, Kenya is going to the polls tomorrow in what is dubbed one of the most important elections in Kenya’s history. Apparently, the race is close on who will be the successor to President Uhuru Kenyatta after a decade in power.
To talk to us about this including the US Secretary of State visit to SA is:
Faith Mabera
Senior Researcher at the Institute for Global Dialogue
BUSINESS WRAP
Sinesipho Maninjwa
Market analyst and CA
- Transnet looks to private sector to help build new port in Northern Cape
- Karpowership appeal fails in blow to SA power supply
- Council suspends Comair, Mango air service licences, rescue practitioner finds it 'strange'
- The wealthy are splurging on Ferraris, Gucci handbags, and expensive Champagne, while McDonald's customers can't afford combo meals
TECH CONVERSATIONS
Tonight we speak to and congratulate this outstanding South African, a great African, an accomplished scholar especially in the world of technology and Artificial Intelligence, the Vice Chancellor of the University of Johannesburg and and recently appointed new rector of the United Nations University in Tokyo, Japan, Professor Tshilidzi Marwala.
We talk to him about this and more
He joins me
Prof Tshilidzi Marwala
Incoming Rector - United Nations University
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
Gauteng MEC for Human Settlements, Urban Planning and Cooperative Governance, Lebohang Maile visited Tembisa today to hear out grievances from the community. As you probably know, Tembisa has been hit by violent protests where four people have died.
On Monday, Ayabonga did speak to the spokesperson of the Tembisa Community Forum on some of the issues… that podcast is available on metrofm.co.za
BUSINESS WRAP
Makwe Masilela
Founder and Chief Investment Officer - Makwe Fund Managers
• TymeBank to buy SME-focused Retail Capital
• Bain banned from UK govt contracts over role in SARS capture
• China hits Taiwan with trade restrictions after Pelosi visit
• France to Curb Nuclear Output as Europe’s Energy Crisis Worsens
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager 27 Four Investment Managers
• Eskom can ask for more funds for maintenance
• Massmart slumps as struggling consumers compound looting woes
• Telkom under pressure as mobile prices fall
• Medical aids have been told to keep increases at 5.7% or less – but not too lo
SMME XCHANGE
We continue to have with different organisations that are meant to assist small businesses in South Africa. These are organisation that you as a small business you will need to con-tact to grow your business and build a high impact business.
Tonight we are talking about about the Women Empowerment Fund by the National Em-powerment Fund (NEF).
Nomazizi Siphondo
Senior Investment Associate at NEF
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
Police have arrested two men after a shootout with alleged illegal miners in Krugersdorp this morning.Gauteng police commissioner Lieutenant-General Elias Mawela said the sus-pects were arrested after police officers and private security guards spotted them carrying a rifle and pistol. A contingent of officers from specialised policing units, including the Tac-tical Response Team, Flying Squad, K9 Unit and Hawks, moved between several loca-tions as they searched for illegal miners.
The nation is still shocked after 8 young women were raped over there allegedly by the Zama-Zamas - who have allegedly been terrorising the communities.
Joining me is
Nicolene Trom
Community activist based in Krugersdorp
SHOP STEWARDS CORNER
The government and the unions are back at the negotiating table this week. The unions, according to some reports, including the Public Servants Association (PSA), revised their wage increase demand downward from 10% to 6.5%, the government indicated that its 2% wage increase offer was final.
To speak to us
Reuben Maleka
Assistant General Manager- Public Servants Association
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
Thembisa
A second person was killed at the volatile service delivery protest in Tembisa, today. Pro-testers also set fire to a municipal facility and several cars belonging to the City of Ekurhu-leni. Ekurhuleni Metro Police say the situation in the township has been overwhelming for law enforcement officers. The township is on a shutdown after the failure of the Mayor, Tania Campbell, to attend a community meeting on Friday.
To understand the issues better we are joined by
Xolani Mnisi
Spokesperson: Tembisa Community Forum
BUSINESS WRAP
Sinesipho Maninjwa
CA and market analyst
• Thungela Resources Limited
• British Airways reportedly wants new SA partner as it cancels Comair franchise agree-ment
• Too-cheap chicken won’t get dumping duties for at least a year, because of high food prices
Tech Conversations
The Communications Workers Union, CWU, has urged authorities to block MTN’s acquisi-tion of Telkom, saying the buyout will lead to lower competition and mass redundan-cies.MTN Group confirmed recently the negotiations to acquire Telkom.
To speak to us
Aubrey Tshabalala
CWU - General Secretary
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
Yesterday, a number of bus commuters staged a protest outside Putco depots over the looming 19% fair increase. They submitted a memorandum of understanding to the Putco managers.
To speak to us
Mandla Cebekhulu
Chairperson: Batho Pele Soweto Commuters Forum
Mandla Cebekhulu
Chairperson: Batho Pele Soweto Commuters Forum
The Headlines WHATSAPP VOICE NOTE: 060 552 7303 The National Union of Metalworkers of SA (Numsa), said it decided to go ahead with the elective congress in Cape Town, as failure to do so could cost it nearly R40m. Numsa is appealing against a labour court ruling interdicting it from holding its national conference. This was after Numsa’s second deputy president and the newly elected president of the SA Federation of Trade Unions (Saftu), Ruth Ntlokotse, and 30 others brought an urgent application against the trade union on July 18 after their suspension. One of the NUMSA regions the Western Cape region decided to walk out of the conference today. Audio: SABC Atule Joka spoke to the Western Cape regional chairperson Mzimasi Nama To speak to us Katishi Masemola Labour unions and social agitato
BUSINESS WRAP Makwe Masilela Founder and CIO - Makwe Fund Managers • Petrol price may be cut by more than R1/litre next week • AVI Limited trading statement • Nigeria’s 180,000 Barrel-a-Day Pipeline Runs Dry on Oil Theft • South Africa's maize harvest seen down 10% from last year
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
The ANC in KwaZulu-Natal has called for the scrapping of the party’s step-aside policy, saying it is not serving its intended purpose. It’s one of the resolutions adopted at the pro-vincial elective conference held this past weekend at the Olive Convention Centre in Dur-ban. If the resolution is approved at the National Policy Conference, it will then be taken to the the National Conference, in December for approval.
To speak to us about this and more
Prof Bheki Mngomezulu
Political analyst
Former KZN ANC chair Sihle Zikalala excluded from provincial committee too
Former KwaZulu-Natal ANC chair and premier Sihle Zikalala’s political woes continued at the weekend, as he failed to make it onto the party’s provincial executive committee (PEC).
Zikalala, who is now exposed and is at the mercy of the new leadership, had accepted nomination as an additional member of the structure on Sunday, after losing the chair po-sition to Siboniso Duma by more than 200 votes.
Mdumiseni Ntuli‚ the outgoing provincial secretary-general who was on Zikalala’s slate contesting for re-election‚ made the cut onto the PEC, with Jomo Sibiya‚ Kwazi Mshengu and Nontembeko Boyce‚ who contested for treasurer‚ deputy chair and deputy provincial secretary, respectively.
The new ANC provincial leadership has Duma as chair‚ Nomagugu Simelane-Zulu as de-puty chair‚ Bheki Mtolo as secretary‚ Sipho Hlomuka as deputy secretary and Ntuthuko Mahlaba as treasurer.
SMME xChange
Coega says it spent R1.5bn on SMMEs in the 2020/2021 financial year. Coega Develop-ment Corporation’s (CDC) Small, Medium and Micro-sized Enterprises (SMME) Develop-ment Unit is mandated to implement the SMME Development Programme with a holistic approach to develop emerging businesses.
To understand it better
Unathi Maholwana
Programme Manager and Head of the Coega SMME Development Unit.
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Pick n Pay Trading update
• Shoprite Holdings operational update
• East Africa Financing Deals Mark Time Awaiting Kenyan Election
• RCL Foods concludes deal to buy Sunshine Bakery
• Comair liquidation: 21 parties express interest
THOUGHT LEADER THURSDAY
Prof Farid Esack
Head of the Department of Religion Studies at the University of Johannesburg
Professor Farid Esack is a South African scholar of Islam and public intellectual who com-pleted the Darsi Nizami, in traditional madrasahs in Karachi, Pakistan, and his PhD at the University of Birmingham, (UK). A Former Professor at Harvard University, he is currently Head of the Department of Religion Studies at the University of Johannesburg and the President of the International Quranic Studies Association. Farid Esack is the author of several monographs, including Qur’an, Liberation & Pluralism: An Islamic Perspective of Interreligious Solidarity Against Oppression, On Being a Muslim: Finding a Religious Path in the World Today, and An Introduction to the Qur’an. He has also published widely on Is-lam, Gender, Liberation Theology, inter-faith relations, , and Qur’anic hermeneutics. His current research interests (Jews in the Qur’an and socio-economic justice in the Qur’an) reflect his scholarly interest both in contemporary Islam and in the classical tafsir (Quranic interpretation tradition.)
The Headlines
WHATSAPP VOICE NOTE: 060 552 7303
The Reserve Bank has raised interest rates for a fifth consecutive meeting. Following its MPC meeting, the monetary policy committee lifted the repo rate 75 basis points (bps) to 5.5%. The move comes after May’s 50 bps hike, making these the two largest successive increases in more than five years.
To speak to us
Tshepo Mongoai
SABC Economics Editor
BUSINESS WRAP
Khanyisile Malebe
Investment analyst - 27 Four Investment Managers
• MPC decision
• Vodacom Group Limited
• Anglo-American Platinum
• Over 50 officials banned from Numsa conference as shop steward drama worsens
The Durban International Film Festival is back again starting tomorrow, 21 July until Satur-day, 30 July. This year it’s under the creational theme of: “Adaptation, Survival and Sus-tainability”. This is the 43rd edition, a hybrid programme of close to 200 feature films, doc-umentaries and short films.
TECH CONVERSATIONS
METAVERSE
The government of Dubai says it is preparing to make part of its offices available in the metaverse. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world. The Dubai Crown Price recently the Du-baiMetaverse Strategy saying it plans to add 40,000 virtual jobs and boost GDP by $4 bil-lion.
To break it down for us
Yamkela Spengane
Technology researcher
Food prices
With the Consumer Price Inflation rising to a 13 year high, what does it really mean for food prices? This, on top of other factors like petrol price and stagnant salaries.
To speak to us
Mervyn Abrahams
Programme Director at the Pietermaritzburg Economic Justice and Dignity Group
BUSINESS WRAP
Makwe Masilela
Founder and Chief Investment Officer - Makwe Fund Managers
• Inflation surges to 7.4% - highest in 13 years
• Zimbabwe Retailers Agree to Price Goods in Multiple Currencies
• Ramaphosa calls for private sector to back Black industrialists
• One of SA’s biggest passion fruit farms is moving to Ghana, thanks to problems at the ports
SHOP STEWARDS CORNER Minister of Small Business Development, Stella Ndabeni-Abrahams, has recently encouraged small businesses in townships and rural areas to apply for support through the Township and Rural Entrepreneurship Programme (Trep). She said the Trep is a dedicated programme to transform and integrate opportunities in townships and rural areas into productive business ventures. To speak to us Mr. Mxolisi Matshamba CEO - SEFA
The Headlines
Sandle Zungu
Businessman and owner of Amazulu FC, Sandile Zungu, today officially he announced that he is contesting for the position of ANC chairperson in KwaZulu-Natal. His campaign is dubbed 'The fresh approach’. He is expected to challenge the incumbent chairperson and Premier Sihle Zikalala and current Finance MEC Nomusa Dube-Ncube for the position.
What can we make of this and other dynamics as this conference approaches?
Prof Bheki Mngomezulu
Political analyst
Sandle Zungu
Businessman and owner of Amazulu FC, Sandile Zungu, today officially he announced that he is contesting for the position of ANC chairperson in KwaZulu-Natal. His campaign is dubbed 'The fresh approach’. He is expected to challenge the incumbent chairperson and Premier Sihle Zikalala and current Finance MEC Nomusa Dube-Ncube for the position.
What can we make of this and other dynamics as this conference approaches?
Prof Bheki Mngomezulu
Political analyst
BUSINESS WRAP
Roy Mootoni
Analyst - Absa Asset Management.
Competition bodies give nod to EOH’s R144.9m telecom sale SAA, Kenya Airways sign new codeshare deal Fyn restaurant in Cape Town makes top 50 in The World’s 50 Best Restaurants Nigeria’s State-Owned Energy Firm Starts Commercial Operations
SHOP STEWARDS CORNER The General Industries Workers Union of South Africa (GIWUSA) says the unaffordable increases in the cost of living are continuing unabated, without any meaningful mitigation of the impact on the working class calls for a working class response. It also calls for what they call - greedy corporate profiteers to pay more - instead of the poor and also saying a National Day of Mass Action is urgently and desperately needed To talk to us Mametlwe Sebei GIWUSA President
The Headlines Fry Family Food Co (Fry’s) has given a warning that if the government goes ahead with plans to seize plant-based meat products labelled with meat-related names, it could threaten the viability of its business and put 500 jobs at its Durban factory at risk. The global plant-based food company that owns Fry’s, said if the department of agriculture, land reform and rural development confiscated its products and forced it to come up with alternative labelling for the SA market, it could be devastating for the company. To speak to us
Mr Billy Malose Makhafola Director: Food Safety and Quality Assurance: The Department of Agriculture, Land Reform and Rural Development
SPONSORED INTERVIEW This show is made possible by Telkom Future Makers. Unlimit your ideas for an innovative future. Tonight we shine the spotlight on the Telkom Future Makers Township Innovation Incubator Program. What is it and how can you be part of it and how you can register for it. To speak to us Mmathebe Zvobwo Head of Enterprise & Supplier Development at Telkom
BUSINESS WRAP Sinesipho Maninjwa CA and independent market analyst • Sasol outage means all South African oil refineries are now shut • New Exports Suspended From Congo’s Tenke Copper and Cobalt Mine • Sasbo demands Old Mutual reinstate its unvaccinated members • Russia's Gazprom declares force majeure on some gas supplies to Europe
The Headlines SACP It’s Day 2 of the The 15th national conference of the South African Communist Party (SACP) taking place in Boksburg. The four-day gathering is expected to elect new leadership with the SACP’s longest-serving general-secretary Dr Blade Nzimande after almost 25 years at the helm. To speak to us Samkele Maseko SABC Political Reporter
BUSINESS WRAP Bandile Mathandela Market analyst • Financial greylisting ‘worse than a downgrade’, says Sim Tshabalala • SACP wants ANC to put prescribed assets back on table • Why the world (and SA) is facing a copper crunch • SA holidaymakers looking for a European summer, be warned of airport chaos – and consider postponing
SMME xChange
How Akiba Digital assists SMEs looking for finance
Akiba Digital is an alternative credit scoring infrastructure that connects credit providers to small businesses. They say the work with banks, micro-lenders, alternative lenders, fintechs and SMEs make the world of financing easier for all
Joining me
Kamogelo Kekana
Co-founder & Marketing Director - Akiba Digital
The Headlines
It is reported that the protesters in Sri Lanka have rejected the an all-party government be-ing discussed by politicians, saying it will be a way for the ‘Rajapaksa cartel ’to remain in power. President Gotabaya Rajapaksa is expected to officially resign tomorrow. Prime Mi-nister Ranil Wickremesinghe has also offered to quit once an interim all-party government being discussed among the political parties to resolve the crisis is formed. Gotabaya Ra-japaksa is a 73-year-old member of the powerful Rajapaksa clan whom protesters blame for the country’s worst economic crisis since 1948.
Joining me
Shiran Illanperuma
Researcher and journalist - Sri Lanka
BUSINESS WRAP
Sinesipho Maninjwa
CA and marketing analyst
• Gold Fields Limited
• Court action to force Gordhan's decision on SAA-Takatso deal into the open
• South African Labor Minister Opposes Any Plan to Privatize Eskom
• R654 million worth of SA citrus may be destroyed because of the EU’s new cold-treat-ment laws
KULTURE TALK
Bloke and His American Bantu
State Theatre - 07 July - 24 July
Starring: Anele Nene, Josias Dos Moleele
Joining me:
Sello Maake kaNcube
Director
The Headlines
British Prime Minister Boris Johnson finally resigned under heavy pressure from lawmak-ers in his own party. He said he will stay in office until the Conservatives choose a new party leader, who will then take over as prime minister.
To speak to us
Laura Makin-Isherwood
SABC correspondent
BUSINESS WRAP
Zwelakhe Mnguni
Co-founder and CIO - Benguela Global Fund Managers
• Billionaire Johann Rupert, MSC Prepare Higher Mediclinic Bid
• Bidvest scoops up Australian cleaning business for R1.8bn
• Saftu plans August 'shutdown' over Eskom, economic crisis - Vavi
• Multichoice Group Limited
The Headlines The National Planning Commission (NPC) has called for emergency measures to deal with the load shedding crisis facing the country. It said the most immediate priority is to ensure that new generation capacity is rapidly and urgently brought onto the grid, together with significant new storage capacity. To speak to us Prof Mark Swilling
BUSINESS WRAP Makwe Masilela Founder and CIO - Makwe Fund Managers • Ghana Says It May Seek as Much as $1.5 Billion From IMF • Trucks Block South Africa Road to Mozambique as Fuel Costs Surge • Questions as Treasury sets 45% cap on infrastructure investments by pension funds • Meet the new owners of Mara Phones in South Africa which include the owners of Arena
SMME xChange
ACA Group is an investments, advisory, consulting and distribution company focused on the African cannabis market. The company looks to work with top cannabis entrepreneurs across a wide range of businesses and assist them in creating, calibrating and executing on their financial, strategic and operational plans. ACA Group brings together a highly ex-perienced team from a broad range of industries including private equity, capital markets, technology, agriculture and healthcare. ACA also works with select international partners to service its clients.
Joining us
Sibusiso Xaba
Founder: Africa Cannabis Advisory Group
The Headlines
Eskom and the three unions demanding higher wages at the struggling power utility were expected to sign a 7% wage increase across the board this afternoon after union members gave their leaders the greenlight to accept the revised, inflation-beating offer.
To get an update
Phakamile Hlubi-Majola
National spokesperson - NUMSA
ATTORNEY AT NDIFUNA UKWAZI-SPECIALISING IN CONSTITUTIONAL LAW AND HUMAN RIGHTS LITIGATION
AMINA PATTERSON
HEAD OF OPERATIONS AT ALPHACODE
&
SINQOBILE Q MASHALABA
COO OF SIZANI-A STOKVEL MANAGEMENT PLATFORM PROVIDING THE FIRST WHATSAPP STOKVEL SOLUTION
SMME xChange
We continue talking business that are doing amazing work and also trading within the con-tinent. Tonight’s guest is Ikusasa Green. They specialise in manufacturing roto-moulded products through the utilisation of green energy. They are also the manufactures of The Romer Cooler box.
To speak to us
Tamsanqa Gxowa
Director - Ikusasa Green
Business Wrap
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Famous Brands Limited
• South Africa Jobless Rate Declines for First Time Since 2020
• Fuel levy relief extended for two months
• Naspers adds financial advisory LifeCheq to its growing list of fintech investments
The Headlines
The jobless rate fell to 34.5%, from 35.3% in the final three months of 2021, according to Stats SA today. That is the first drop since the second quarter of 2020.
Joining me
Rising Maluleke
Statistician General
The Headlines
Soweto Protests
A story that a Johannesburg councillor was allegedly assaulted and another taken hostage by Soweto residents. It is said the residents were demanding an end to power cuts in their area.
To really understand this story and what happened over and what is like being councillor in Soweto under these conditions?
Joining me
Ms Brenda Dammie
Ward Councillor - Ward 29 and Deputy Chief Whip of ANC Councillors in Joburg City Council
AFRICA DAY
SECURITY THREATS AND INSTABILITY IN AFRICA
Africans have always dreamt of an Africa that is in peace with itself with less or no conflicts and minimal security threats as possible. Where is Africa today in its mission of building a peaceful continent?
Joining me is
Dr Akinola Adeoye
Head of Research and Teaching at the Institute for Pan-African Thought and Conversation
Business Wrap
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Tiger Brands Limited
• SA's smaller airports are recovering quicker
• Glencore pleads guilty to decade of bribery and manipulation
• Most Accurate Economist Sees Nigeria Raising Key Rate to 14%
SMME xChange
We still continue with our conversation with some of the enterprises doing business out-side our borders and within the continent. The highlights, the challenges and lessons along the way.
Tonight we are joined by:
Mduduzi Mahlodi
Founder: Banal Trading Enterprise
SHOP STEWARDS CORNER ESKOM UNION DEMANDS - THE UPDATE What’s the latest regarding the demands tabled before Eskom. Is it reported that unions are demanding above-inflation wage hikes , saying workers at Eskom have not received meaningful increases in two years. The National Union of Metalworkers of SA (Numsa) and National Union of Mineworkers (NUM), which represent most of Eskom’s estimated 46,000 workers, are demanding a one-year, 15% across-the-board wage hike, a housing allowance of R1,600, and want the Eskom to close what they call the “apartheid wage gap”. Joining me Khangela Baloyi NUM Energy Sector Coordinator
Khangela Baloyi NUM Energy Sector Coordinator
The Headlines SANRAL alongside Minister fo Transport Fikile Mbalula called a press conference today today to explain the reasons behind the move not to approve awarding of tenders to the value of R17.4bn. Last week SANRAL said there “material irregularities” in the awarding of the tenders. This is what Minister Mbalula said: Audio To speak us
Vusi Mona SANRAL spokesperson
Business Wrap Sinesipho Maninjwa Market analyst and CA • Johannesburg Needs $1.6 Billion for Power Supply, Mayor Says • Nersa fast-tracks solar power licences • Dis-Chem profit rises on new acquisitions, medicine demand • India Flags Rate Hikes, Tax Cuts in Coordinated Inflation Fight
KULTURE TALK
HERSTORY MUSEUM
A play taking place at the Joburg Theatre from 24 May - 28 May. HerStory Museum.
It is said the play play uncovers and celebrates the history of black women.
The play is about the journey of a girl who finds herself trapped in the mystical realm of a South African museum, who encounters five statues who come to life in this realm. These five different statues represent different black women from different eras.
Joining me
Nonkululeko Mashiyi
Director - HerStory Museum
THOUGH LEADER THURSDAY
Tamuka Chekero
PhD candidate in Anthropology at the University of Cape Town (UCT)
The Headlines
SANTACO
Santaco says some taxi operators in KZN are struggling to get by and they’ve lost their taxis during last month's floods and are still waiting on insurance pay-out. And, even those whose taxis were spared it is difficult to operate in areas with damaged roads. They say some taxi operators have had their taxis repossessed by banks. They calling on govern-ment to intervene as they were also affected by floods disaster.
Sifiso Shangase
Provincial Office Manager - Santaco KZN
Business Wrap
Roy Mutooni
Analysts - Absa Asset Management.
• Reserve Bank raises repo rate to 4.75%, affirming its inflation targeting mandate
• Massmart Holdings
• Jobless Claims in US Climb to Highest Level Since January
• Afrimat eyes ‘future minerals ’after iron ore prices boost performance
TECH CONVERSATIONS
The Department of Justice and Correctional Services says it is rolling out four digital pilot projects nationally this year – with four additional projects in the pipeline to digitise and modernise South Africa’s judiciary. Justice minister Ronald Lamola said that four online justice services projects were piloted over the last year.
To speak to us
Chrispin Phiri
Spokesperson - Ministry of Justice and Correctional Services
The Headlines
HM PITJIE STADIUM
A story published by The Daily Maverick that the The Gauteng government is about to spend R84 million demolishing HM Pitjie stadium…after building it for R140 million. The story says the stadium was never used.
Joining me
Tshwarelo Mathebula
Acting Director of Infrastructure with the Gauteng MEC for Sports, Arts, Culture and Recre-ation
Business Wrap
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Sanral cancels R17.47bn in adjudicated tenders
• Shoprite Holdings Ltd
• Transaction Capital
• Politicians Drive Nigerian Naira to New Low Over Election Funding
SMME xChange
We are starting a series of SMMEs that are doing business on the continent. What does it really take. Some of the challenges and some of the greatest things about trading within the continent.
My guest tonight:
Tinashe Nyamudoka
Founder & Director of Kumusha Wines
The Headlines
MALI
Mali’s military government says its security forces thwarted an attempted coup, led by army officers and supported by an unnamed Western state, last week. The government’s announcement yesterday comes after years of turmoil in Mali, where Colonel Assimi Goita led coups in 2020 and 2021 before becoming president of the West African nation.
And recently, Mali military said that Mali was ending the defence accords it had with France, effectively making the presence of French troops in Mali illegal.
To speak more
Izak Khomo
Producer / Presenter - Channel Africa
Business Wrap
Akhona Mlamleli
Portfolio Manager -27Four Investment Managers
• Pick N Pay stores
• China to Limit ‘Excessive ’Incentives for Bankers in Pay Curbs
• Musk rejects Twitter’s spam bot numbers, putting strain on his $44bn offer
• Why South African wheat prices are hitting record highs
SHOP STEWARDS CORNER
The Global Estimate on Child Labour says it estimates 160 million children are in child la-bour worldwide - an increase of 8.4 million children in the last four years - with millions more at risk due to the impacts of COVID-19. In their report, jointly released by the Interna-tional Labour Organization (ILO) and UNICEF in 2021, warned that in sub-Saharan Africa, population growth, recurrent crises, extreme poverty and inadequate social protection measures have led to an additional 16.6 million children in child labour over the past four years.
The 5th Global Conference on the Elimination of Child Labour is currently taking place in Durban until Friday.
Dr Joni Musabayana
Director of the ILO Decent Work Team for Eastern and Southern Africa
And
Andrews Tagoe
Board Member of the Global March Against Child Labour and the Deputy Secretary-Gen-eral of the General Agricultural Workers Union in Ghana (currently in Durban for the con-ference)
The Headlines
BEING A STUDENT AT STELLENBOSCH UNIVERSITY
It is reported that the white student who urinated on the belongings of a black student at Stellenbosch University's residence has been suspended.”The university said its main pri-ority was to provide an inclusive environment for all its students and to maintain a safe stu-dent community where social cohesion is promoted to provide quality tertiary education for all.
Joining me
Viwe Kobokana
SRC President - Stellenbosch University
Business Wrap
Zwelakhe Mnguni
Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
• UBank placed under curatorship
• Altron Limited
• Brace yourself for a huge petrol price increase in June
• Renault hands Russian assets to Moscow in first nationalisation since war started
• Over 100 state entities granted exemption from preferential procurement legislation
INTERVIEW
There was a session earlier today titled - Made in South Africa - Mining Solutions for Africa and the World. It showcased the expertise of the South African mining and mineral pro-cessing equipment industry in developing technology and business models in extreme mining environments within developing economies.
One of the speakers there:
Joy Hlongwane
MD: Kwangwane Plant Hire/Dezzi
INTERVIEW
Today, Sandiso Sibisi Director of COOi Studios, alongside Exxaro Resources launched The Case for Open Innovation in Mining point of view at Investing in African Mining Indaba 2022. In the session they unpacked the opportunities for OI in mining.
She joins us
Sandiso Sibisi
Director of COOi Studios
Minister Blade Nzimande, Minister of Higher Education, Science and Technology, was part of a panel discussion here today to comprised of Ebrahim Patel, Minister of Trade, In-dustry and Competition and Kgosientso Ramakgopa, Head of Investment and Infrastruc-ture Office at The Presidency. The minister spoke at length about SA's innovation and ca-pabilities - saying we have shown our prowess with scientific and research capabilities.
He joins me on the line
Dr Blade Nzimande - Minister of Higher Education, Science and Technology
THE ALTERNATIVE MINING INDABA The Alternative Mining Indaba (AMI) is a global platform that brings all stakeholders together annually for a conference that debates, discusses various issues as well as serves as an empowerment tool through training of communities. The AMI convenes an annual conference in Cape Town every February, which is a culmination of decentralised national processes that take place in more than 12 African countries. Vuyokazi Futshane & Sabatini Motloung
THOUGHT LEADER THURSDAY Siphiwo Mahala Author: The Making and Breaking of the Intellectual Tsotsi, a Biography. Siphiwo Mahala is an award-winning novelist and short-story writer, playwright and literary critic. He is a senior lecturer in the Department of English at the University of Johannesburg and a research fellow at the Johannesburg Institute for Advanced Study. He is the editor of Imbiza Journal for African Writing.
BUSINESS WRAP Zwelakhe Mnguni Co-founder and CIO - Benguela Global Fund Managers • Sibanye Stillwater • South African State Workers Demand 10% Wage Increases • Gordhan calls for ban on sale of scrap metal to protect SA's infrastructure • Zimbabwe May Miss $1.75 Billion Farmer Compensation For Second Time
TECH CONVERSATIONS TWITTER PLANS Elon Musk has said that businesses and governments may soon need to pay a “slight cost” to use Twitter and saying may the platform will continue to be free for “casual users.”Twitter is already experimenting with a paid-for subscription service called Twitter Blue in the U.S., Canada, Australia and New Zealand that offers additional features. To speak to us Yamkela Spengane Technology researcher
THE HEADLINES ANC EC Conference - the dynamics Zintle Mahlati from News 24 reported that ANC Eastern Cape provincial task team leaders met with party officials today ahead of the province's crucial congress scheduled to take place over the weekend. The story also says the request from the task team stirred speculation that the event might again be stalled - the matter of outstanding disputes had been a crucial factor in the conference, scheduled for April, being postponed. Ongama Mtimka Political analyst - Nelson Mandela University
BUSINESS WRAP Makwe Masilela Founder and CIO - Makwe Fund Managers • Turf war over electricity distribution intensifies • Creation of a Pan-African Joint Venture between SANLAM and ALLIANZ SE • Forget basic income grants, fix roads and dysfunctional municipalities instead – Mboweni • Graft-Hit South Africa Firm Weighs Sale After Turning a Pr
SMME X CANNABIS Recently, in the Government Gazette, the Gauteng Provincial Government invited those interested in being part of its Gauteng Cannabis Industrialisation programme to submit their proposals. It is said - the programme is part of its goal to create jobs and boost the economy by processing hemp and cannabis at an industrial scale. To speak us Parks Tau MEC for Economic Development, Agriculture, Environment, and Rural Development - Gauteng Province
THE HEADLINES There was a protest today at Mogale City by the municipality workers. They are accusing the municipality of not addressing their issue regarding the wage gap in that council. To understand this better Justice Nkomo SAMWU: Mogale Chairperson
BUSINESS WRAP Akhona Mlamleli Portfolio Manager - 27 Four Investment Managers • Manufacturers ’Mood Darkens After Deadly South African Floods • What Are Civil Rights Audits, and Why Are Companies Doing Them? • Petrol price to drop but other fuel hikes will hit people hard, says AA • Russia Has Just Over a Day to Pay Two Foreign Bonds and Dodge Default
ROUND TABLE DISCUSSION The strides made by vulnerable workers in SA Victor Lekgobe President: National Union of Retail Workers Of South Africa Solly Malema General Secretary - The National Union of Public Service and Allied Workers (NUPSAW) (on behalf of the EPWP workers) And Lefa Mononga National coordinator - SAWPA (South African Waste Pickers Association)
WORKING IN THE IN THE NEW AGE ECONOMY What are some of the challenges of working in the new age economy or what some call the digital economy? One of those is the e-hailing industry. Also, in the e-commerce industry, we saw a new union being established at Amazon. What can this industry learn from this? Joining me: Vhatuka Mbelengwa National E-Hailing spokesperson
GOLD SECTOR WORKERS Yesterday we saw the May Day rally organised by Cosatu being disrupted by the workers in the gold sector - not allowing the ANC President, Cyril Ramaphosa, to speak. He eventually left the venue. The workers are demanding for a R1,000 annual salary increase for Sibanye-Stillwater gold mine workers - a story we’ve spoken about a number of times before. Apparently, the workers feel neglected. To talk more about this: Katishi Masemola Labour unionist and social justice commentator
KULTURE TALK The work and inspiration of Paul Mnisi Broadcaster Paul Mnisi hosts one of my favourite shows, Indaba Ye Ngoma on our sister radio station, Radio 2000. He is a broadcaster, poet, DJ, entrepreneur and many more. He joins me. Paul Mnisi Broadcaster and host of Indaba Ye Ngoma on Radio 2000
Kirkwood Update Farmworkers in the Kirkwood area in the Eastern Cape have been on strike for improved wages. They demand an increase from R23 to R30 an hour. We spoke to the SANCO leader on Monday about it. Just to get the latest: Anda Nqonji SABC repoter.
THE HEADLINES Senzo Meyiwa court case It was another day at the Senzo Meyiwa court case today. It’s been reported that The State has disputed claims made by defence counsel of four of the men accused of murdering Senzo Meyiwa, including that DNA found on a hat at the crime scene was that of a woman. There was drama just after lunch after Adv Maselela Teffo, who is representing four of the five accused in the Senzo Meyiwa case, has been arrested. He was overheard saying Bheki Cele doesn’t want him on this case. The person who is following everything Hasina Gori SABC News reporter
FREEDOM DAY INTERVIEW
Today, South Africa is celebrating 28 years of freedom. President Ramaphosa was speaking in Mpumalanga today and said despite concerning crime figures and challenging economic conditions faced by many South Africans, South Africa is in a better situation today than before 1994. He also said the government was working to improve the conditions of people living in poverty, and that this included addressing the land issue.
Is it possible to achieve some of these issues in South Africa without attaining economic freedom? Inequality, poverty and unemployment?
What is economic freedom?
Joining me
Lebohang Pheko
Political economist at Trade Collective
THE ROLE MUSIC PLAYED
As we mark Freedom Day and we were taking the role music played in our liberation struggle, we catch up with Lee Hirsch, director of the 2003 documentary, Amandla! A Revolution in Four-Part Harmony - a documentary that uses exclusive interviews and rare, never-before-seen film footage to document the vital role that music played in the nearly half-century struggle against apartheid in South Africa. It is also said this inspirational documentary, which took nine years to make, is a testimony to the power of song and its ability to fuel the struggle for freedom.
Sherry Simpson Dean
Director - Amandla! A Revolution in Four-Part Harmony
Metro FM Journey of Music
The role music played in our liberation struggle?
Dr Sipho Sithole
Award Winning Music Producer, Anthropologist, Researcher, Creative Economy Consultant, Business and Cooperate Strategist
SMME xCHANGE The National Empowerment Fund, NEF, and Solidarity Fund say they have approved over R600 million post-unrest business relief to save over 5 500 jobs. In September 2021 the National Empowerment Fund (NEF) and the Solidarity Fund’s Humanitarian Crisis Relief Fund (HCRF) launched a financial relief programme to support small, medium and micro enterprises (SMMEs) recover from the devasting effects of riots in KwaZulu Natal and some parts of Gauteng, setting aside over R580 million for the purpose. To speak to us |
THE HEADLINES Civil society organisations including the Black Sash, #PayTheGrants, the Social Policy Initiative and the Institute for Economic Justice are calling for urgent clarification from the Department of Social Development (DSD) around new regulations related to the Social Relief of Distress (SRD) grant – regulations that they claim run the risk of excluding many existing beneficiaries. New regulations for the R350-a-month SRD grant were published by the department on Friday (April 22). We tried to speak to the Ministry of Social Development and they promised us an interview once they release their comprehensive response / clarity very soon. To speak to us July Eccles Pat the Grants Campaign
BUSINESS WRAP Akona Mlamleli Portfolio Manager - 27 Four Investment Managers • Jet fuel squeeze at OR Tambo: Next few days will be tight • Sasol ‘reinventing itself’ • Reinsurer Lloyd’s of London expects repeat of July 2021 looting in a couple of years • ESG-Minded Investors Pile Into Coal Stock, Sparking 1,000% Rally • MTN boss Ralph Mupita took home R84 million + Sibanye CEO's jaw-dropping R300 million payday
SHOP STEWARDS CORNER There’s been an ongoing protest in the place called Kirkwood in the Eastern Cape - protesting farm workers demanding wage increases and a cap on the number of foreigners employed in the region. The farm workers are demanding R30 an hour. SANCO is leading the protest. To speak to us Patrick Bayini SANCO leader
THE HEADLINES Gauteng Cogta MEC Lebogang Maile gave an update today on the state of the Gauteng’s municipalities. He said out of 11 municipalities in Gauteng, only two can be categorised as stable. The remaining seven are considered at risk of dysfunction and require significant monitoring. To speak to me Fred Mokoko Head of Service Delivery and Inter-governmental relations at the office of Gauteng Cogta MEC
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst • Indonesia to Allow Key Palm Oil Exports, Sparking Price Swings • South Africa’s Ruling Party Weighs More Private Involvement in Economy • The Foschini Group • Royal Bafokeng Platinum
Smme xChange Tonight we look at the help that is offered for small businesses affected by the floods in KZN and Eastern Cape. Minister of Small Business Development, Stella Ndabeni, did visit parts of KZN and has made some commitments. She joins me on the line Stella Ndabeni Minister - Small Business Development
THE HEADLINES Solidarity Fund The Solidarity Fund says it has resolved to support and augment the National Government response to the recent floods in KwaZulu-Natal and the Eastern Cape. It said the Solidarity Fund Floods Response pillar has been established which will ring-fence the floods response activities and will operate separately from the COVID-19 fund.
Akona Mlamleli Portfolio Manager - 27 Four Investment Managers • Spur Corp facing R183m damages claim • BMW, Bosch Restart Production Lines in China as Lockdowns Ease • Former Prasa boss must be reinstated, arbitration hearing finds • Wall Street Influencers Are Making $500,000, Topping Even Bankers
INTERVIEW The World Bank has released a report saying Russia-Ukraine war will hit Africa hard and could even lead to conflict. It said the biggest risk is not to economies - it is that increased pressure could lead to conflict locally. To talk more more on this Izak Khomo Presenter / Producer - Channel Africa
THE HEADLINES Schools in KZN Tomorrow, Basic education minister Angie Motshekga will visit KwaZulu-Natal to assess the extent of the damage caused by the floods. Apparently, over 600 schools have been affected. What are the plans in place? To speak to us Muzi Mahlambi Head of Communication - KZN Department of Education
BUSINESS WRAP THE ROLE OF BIG BUSINESS IN DISASTER IN DISASTER RESPONSE When it comes to disasters like the one we are seeing in KZN, or, the over 300 shacks that were burnt down in Cape Town this past weekend, what is the role of business business in disaster relief and is the South African big business playing its role? Joining me is Prof Bonang Mohale President - Business Unity South Africa: Busa
KULTURETALK A new play taking place at the Joburg Theatre, Africa versus The State, taking place from Thursday 21 April. It is said the play is about the Activists and Custodians of the land and of Customary law of Africa, who are being trialled for standing up against the Status Quo Post-Apartheid, the Judiciary that diminished African beliefs and their way of life. The incriminated Activists are crying out for Restoration, whereas the ruling government still upholds the law of Colonial Masters which oppressed Africa and their True African Voices that guided the Land. To speak to us Mbongeni Moroke Director / Producer
THOUGHT LEADER THURSDAY
Langa Madonko
Co-founder and Investment Principal at Summit Africa
THE HEADLINES KZN COGTA President Cyril Ramaphosa has declared the province of KwaZulu-Natal a state of disaster. This, of course, follows the devastating damage caused by severe rains and claiming the lives of over 300 people. Recovery efforts are underway. Joining me is: Nonala Ndlovu Head of Communication - KZN Cogta
TECH CONVERSATIONS South African cellular food-tech company, Mogale Meat, has produced Africa’s first cultivated chicken. The company says the launch signals the birth of a major new technological drive to produce more essential animal protein for people. It says meat is a “potential game-changer” for the planet. It also says its vision is to make healthy and nutritious cellbased meat accessible to all in Africa.
THE HEADLINES
KZN
President Ramaphosa was in KZN today visiting residents that have been affected by the recent devastating floods. He visited areas like New Germany, Claremont and other areas.
CLIP: KZN Premier Sihle Zikalala gave an update earlier today (Clip - speaking to SABC Ayanda Mhlongo)
To speak to us and was there the whole day (with the President)
Fanele Mhlongo
SABC reporter
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Mr Price takes controlling stake in Studio 88
• Impact of adverse weather on Sappi
• Toyota factory flooded, operations halted
• Honda CEO Bets $40 Billion to Reach Goal of Going Fully Electric
SMME EXCHANGE
Makhamisa Foods
We are still speaking to entrepreneurs who are operating in the manufacturing space. And tonight, our guest is from Makhamisa Foods. A condiment manufacturing company based in Edenvale, GAUTENG. They say their vision is to be the preferred supplier of condi-ments, with indigenous African herbs as their core ingredients.
Joining me
Terence Leluma
Managing Director: Makhamisa Foods
KZN FLOODS: The latest:
Heavy rains have wreaked havoc across most parts of KwaZulu-Natal. The eThekwini Metro has also been severely affected with reports of flooded homes and main roads be-ing closed.The Department of Cooperative Governance and Traditional Affairs in KwaZulu-Natal announced on Tuesday that 45 people had died as a result of the floods since the heavy rains began.
To get the latest
Fanele Mhlongo (F)
SABC reporter
THE HEADLINES
The Black Business Federation (BBF) said it was planning a legal challenge to the Na-tional Treasury's newly released draft Preferential Public Procurement Framework guide-lines, saying that the draft guidelines leave black South Africans and their businesses at a disadvantage when bidding for government tenders. The deadline for comments was yes-terday.
Joining me
Thabo Masombuka
Senior Legal & Transformation Consultant at Nyapotse Inc and the specialist adviser to the BBF
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• South Africa Halts Shipping at Key Port of Durban After Floods
• Eskom issues request for proposal to enable facilitation of investments in renewable en-ergy generation infrastructure
• Unions start wage talks with platinum miners
• Capital Holdings
BUSINESS WRAP
Sinesipho Maninjwa
CA and market analyst
• Palladium Set to Rally for Years on Shortages, Top Miner Says
• SAA, Kenya Airways collaboration: Gordhan says there's scope for new pan-African air-line group
• Former Tongaat execs and ex-CEO could face racketeering charges in fraud case
• Transnet tries to reassure private operators over R600m price tag for slots
THE HEADLINES
The Black Management Forum (BMF) has voiced its dissatisfaction with the appointment of the new Absa CEO Arrie Rautenbach’s saying Rautenbach’s appointment maintains ‘white male power’ in the bank.The BMF also criticised Absa’s predominantly black board for the appointment and not ensuring that a black CEO be appointed instead. To speak to us Esethu Mancotywa BMF Deputy President
KULTURE TALK
Thabo Seshoka is the new curator of the UJ Art Gallery and from the 2nd of April he is pre-senting an exhibition titled: Privileges of Proximity: In Conversation with the University’s Art Collection. He says: this exhibition seeks to consider and critically engage with the differ-ent approaches and ideologies that informed its establishment and further re-imagine, in-terrogate and ‘re-position ’the artists whose works form part of these collections in present day society.
To speak to us
Thabo Seshoka
Curator: UJ Art Gallery
Thought Leader Thursday
Ismail Lagardien
Author: Too white to be Coloured, Too Coloured to be Black (On the search for home and meaning)
THE HEADLINES
NEW POLICE COMMISSIONER
Today, President Ramaphosa announced the new Commissioner of Police and is Sehlahle Fannie Masemola. Today it was also the last day of General Khehla Sithole as the Commissioner of Police…after an early termination of his contract.
Khehla Sithole sat down with SABC Samkele Maseko today and this is what he said: CLIP
To discuss Khehla Sithole’s tenure and look at the challenges of the new commissioner Fannie Masemola,
We are joined by:
Dr Jakkie Cilliers
Founder and former Executive Director of the Institute for Security Studies (ISS).
BUSINESS WRAP
Zwelakhe Mnguni
Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
SA’s $6.5bn in power plans delayed again Godongwana to announce emergency fuel price intervention this afternoon Northam Platinum Holdings Putin Says Russian Gas Must Be Paid in Rubles
TechConversations
Spectrum
The Independent Communications Authority of South Africa (ICASA) has appealed to Telkom to withdraw its litigation against the telecoms regulator over the just-concluded spectrum auction process. Telkom spent R2 billion to buy spectrum at auction this month but it is still pushing ahead with legal action to declare the entire auction invalid.The auction raised R14.4 billion – R6 billion more than initially expected – with MTN and Vodacom each paying more than R5 billion for spectrum.
To speak to us
Yamkela Spengane
Technology researcher.
THE HEADLINES The convicted Walter Sisulu University student Sibongile Mani was sentenced to five years in prison today. She was found guilty of theft after R14-million was erroneously paid to her by Intellimali in 2017.She spent more than R800 000 over a period of three months before the error was picked up. To speak to us Abongile Jantjies SABC reporter
BUSINESS WRAP Makwe Masilela Founder and CIO - Makwe Fund Managers • Famous Brands advances its strategic investment roadmap • Sakeliga court challenge vs two dysfunctional municipalities may be a game-changer • U.S. Trade Chief Says Time to Ditch ‘Old Playbook ’on China • Icasa calls on Telkom to drop spectrum court case
SMME xChange
We continue our conversation with amazing entrepreneurs who making impact in the man-ufacturing space. Tonight; our guest is from BT Industrial, manufactures of high-density polyethylene (HDPE) pipes. It supplies HDPE pipes to the mining and oil and gas indus-tries, power stations, process plants and telecoms companies. Joining me is Kgomotso Lekola Founder and Group Managing Director of BT Industrial
THE HEADLINES The Supreme Court of Appeal today set aside Rhodes University’s expulsion of Yolanda Dyantyi. Dyantyi was permanently excluded from the university in 2017 after she was found guilty in a disciplinary hearing of kidnapping, assault, insubordination and defama-tion during the so-called #RhodesReferenceList anti-rape protests at the university in 2016. She joins me Yolanda Dyantyi
BUSINESS WRAP Akona Mlamleli Portfolio Manager - 27 Four Investment Managers • Quarterly Labour Force Survey 4Q • Barloworld Limited • 'Asinamali, we are all poorer': Public Service Summit begins amid growing distrust • Global Supply Lines Brace for ‘Menacing’ Economic Storm to Widen
SHOP STEWARDS CORNER It’s been reported that Mercedes-Benz SA’s (MBSA) East London manufacturing plant will lay off 180 temporary staff this Thursday and bringing the total of layoffs to 380 in the past five months. To speak to us Vuyisile Makupula Numsa local organiser for MBSA
THE HEADLINES Operation Dudula A story that Durban police denied an application for a march by Operation Dudula sup-porters yesterday. Apparently, they wanted to launch a Dudula branch in Durban and then march through the city. Apparently, it has now been moved to April and they say they will be joined by All Truck Drivers Forum and Allied SA. Can we see Operation Dudula spreading all over and what does this really signify? Joining me Xolani Dube Xubera Institute for Research and Development
BUSINESS WRAP Sinesipho Maninjwa Market analyst and CA • Central Energy Fund to Invest R1bn in Virginia Gas Project • Hulamin Limited • Minister threatens to withhold SABC turnaround funding in fight over analogue switch-off • G-7 Rejects Putin Demand for Ruble Payments for Russian Gas
KULTURE TALK
Nandipha Mntambo’s latest exhibition, Transcending Instinct, is currently taking place Southern Guild gallery in Cape Town until 31 March. Transcending Instinct also marks her first venture into functional sculpture.
She joins us
Nandipha Mntambo
Artist.
THOUGHT LEADER THURSDAY
Prof Ivan Turok
Distinguished Research Fellow, Human Sciences Research Council
BUSINESS WRAP
Bandile Mathandela
Market analyst
• Reserve Bank hikes interest rates
• SA Investment Conference
• Remgro more than doubles its first-half headline profit
• Egypt requests IMF support as economy buffeted by Ukraine spillover
THE HEADLINES
CT Taxi Strike
A big taxi strike took place in Cape Town today. Apparently, buses were torched and roads blocked. Early this morning, minibus taxis belonging to Cape Amalgamated Taxi Associa-tion and Congress of Democratic Taxi Association blocked the N2 to Cape Town as they marched toward the city centre to hand over a memorandum of their grievances to the Western Cape Premier Alan Winde’s offices.
To speak to us
Nceba Enge
Secretary - CODETA
TechConversations
Google Arts & Culture alongside Malian community leaders and various organisations re-cently unveiled a project sharing digitised endangered manuscripts (up to 40k pages) and historic contemporary art and culture from Mali. Apparently, these have been
detailed and categorised in 4 M's- manuscripts, monuments, music, and modern art.
To speak to us
Isabella Orlando
Preservation Program Coordinator at Google Arts & Culture
SMME xChange
Tonight we focus on medical manufacturing as we have been focusing on the manufactur-ing industry for the past 4 months now. Tonight, we speak to Medical Diagnostech.
Joining me is
Ashley Uys
Founder and CEO : Medical Diagnostech
• His background and founder Medical Diagnostech
• What it does and some of the work it has done before
• Developing a Covid test kit and the manufacturing capacity
• The journey to approval.
• Any possibility for a home test kit?
SACCA
The Competition Commission has referred tech giant Meta Platforms Inc formerly known as Facebook and its subsidiaries, WhatsApp Inc and Facebook South Africa, to the Com-petition Tribunal for prosecution. The company is accused of abuse of dominance.
To speak to us
Sipho Ngwema
Head of communications - Competition Commission
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• A Year After Suez Canal Fiasco, Bad Luck Strikes Again for Evergreen
• SA’s ministers discuss ways to reduce petrol price
• Homechoice International
• Huawei agrees to have 50% local workforce in 3 years
SHOP STEWARDS CORNER
THE GOLD STRIKE
The National Union of Mineworkers (NUM) has called for the resignation of Neal Frone-man, the CEO Sibanye Stillwater. They say she shareholders need to do if they want their mines to prosper in South Africa and they need to remove him for refusing to meet trade union leaders.
Joining me is the National Union of Mineworkers to talk about this and the latest regarding the gold strike.
To speak to us
Joseph Montisetse
NUM President
Western Cape police initiate 72-hour plan to locate gunmen who killed five people
Police in the Western Cape have initiated a 72-hour plan to search for the gunmen respon-sible for the killing of five people in Khayelitsha on the Cape Flats. A woman and four men were gunned down on Monday morning in Endlovini informal settlement in Khayelitsha. Police spokesperson, Novela Potelwa, says the motive for the killings is unknown.
Velani Ludidi
Reporter - Weekend Argus
SACCA
As you probably know, The South African Civil Aviation Authority (Sacca) has suspended the licences of Kulula and British Airways in South Africa, indefinitely. They both fall under Comair. Apparently, Comair failed to convince SACCA that their issues have been re-solved.
To speak to us
Phindwe Gwebu
SACCA spokesperson
KULTURE TALK
Zana Masombuka
Tonight we look at the work and the inspiration behind Zana “Ndebele Superhero” Mazibuko. She says draws inspiration from her upbringing in rural KwaNdebele. It is said her art speaks to African's active role in the next wave of globalisation and how African art-ists aim to pioneer the stories being written about their continent and its people.
We catch her live from Italy where she is holding a residency and her solo show is taking place next week at the gallery, Cellar Contemporary in Trento, Italy.
Zana Masombuka
Artist
The person who has been following the National Lottery Board story for years is:
Raymond Joseph
Freelance Journalist (most of his stories published by Group Up)
Two officials in Kimberley are alleged to have run a scheme where they would take cuts from non-profit organisations for approving funds. Several million rands are involved in the scheme. The SIU says it will institute legal proceedings to recover financial losses once investigations are concluded. Kganyago says once they have been concluded, a report will be handed to the President. “We are now finalising the first phase and we are going to give the report to the President – what we call interim report to the President by the end of April. And then we have already started phase 2 which we hope to finish in November to give the President the report in December. But at the rate things are going because we are getting new allegations on daily basis, we might have to give a report and it might not be final at that time so that we finish what is remaining in this investigation. You will know that we started this investigation in November 2020.
The SIU says allegations of corruption at the National Lottery run deep – and affect nearly all its offices across the country.
BUSINESS WRAP
Roy Mutooni
Analyst at Absa Asset Management
• Sanlam Limited
• SIU raids lottery watchdog's offices after uncovering R300m in fraudulent payments
• Cabinet approves bills to help modernise Post Office, establish Postbank
• SA Breweries looks to cow dung to power beer production amid load shedding
THE HEADLINES
ANC Women’s League President and former Social Development Minister Bathabile Dlamini has been found guilty of perjury by the Johannesburg Magistrate’s Court. Magis-trate Betty Khumalo found that Dlamini lied about being in several workstreams meetings and that her evidence was contradictory to that of SASSA’s Zodwa Mvulane.
To speak to us
Zoleka Qodashe
SABC reporter
BUSINESS WRAP
Makwe Masilela
CIO and Founder: Makwe Fund Managers
• Sun International LTD trading statement
• MTN Group
• Food Protectionism Grows as Indonesia Curbs Palm Oil Exports
• SARB governor Kganyago appoints deputy Fundi Tshazibana as new Prudential Author-ity CEO
SHOP STEWARDS CORNER
CONCOURT RULING WORKER VS EMPLOYER
The Constitutional Court recently ruled that an employer cannot interdict striking workers as a group if some of those on strike commit violence. This was a judgement brought by 364 workers belonging to the Commercial Stevedoring Agricultural and Allied Workers Un-ion (CSAAWU) went on a protected strike at Oak Valley Farm in 2019.
To talk more on this
Karel Swart
Csaawu National Organising Secretary
THE HEADLINES
Worrying scenes we saw in Alex township here in Joburg today. A stand-off between for-eign nationals who happen to run businesses over there and South African who, appar-ently, belong to the Dudula movement. Several businesses had to close and we saw im-ages of injured people etc…
TECH CONVERSATIONS
Tonight we look at the story of Xolela Masebeni, who allegedly transferred R103m into six bank accounts, while working at ABSA. He was sadly shot and killed this past weekend while out on bail.
How does the money move?
My guest tonight is
Jaco De Jager
CEO at Association of Certified Fraud Examiners
THE HEADLINES
Gwede Mantashe
The State Capture Commission or Zondo Commission has recommended that Minerals and Energy Minister and ANC Chairperson Gwede Mantashe should be probed for corrup-tion after he received security installations for no charge from Bosasa. This comes from the state capture commission of inquiry report released yesterday.
Minister Mantashe held a press conference this afternoon.
The person who has been following this story:
Samkele Maseko
SABC Political Reporter
BUSINESS WRAP
Makwe Masilela
Founder and CIO - Makwe Fund Managers
• Capital Appreciation Limited.
• Woolworths Holdings
• Cashbuild Limited
• Ster-Kinekor gets R250-million rescue offer
SMME xChange
We always shine the spotlight on amazing entrepreneurs and today we are speaking to an entrepreneur making big moves in the construction and engineering space.
Kwangwane Plant solutions. According to the founder; she says this is a bold first in the South African mining and construction fields which will be exposed to a black female run yellow machine dealership that will go toe-to-toe with an established monopoly in the field.
Joy Hlongwane
Managing Director of Kwangwane Plant solutions and KwaNgwane Consulting
THE HEADLINES
First, the third section of the Zondo commission of inquiry’s report on state capture got re-leased “around” 7pm today. Apparently, latest report will contain information on Bosasa, Eskom and two multimillion-rand audits in the Free State. (If you are already reading the report let us know…and tomorrow we will try and look at it)
NUMSA
Members of the South African Cabin Crew Association (SACCA) and the National Union of Metalworkers of South Africa (NUMSA) at SAA picketed at the offices of the Department of Public Enterprises(DPE) today. They say they have been provoked into protesting be-cause of the continuation of corruption and mismanagement at SAA. On top this, the un-ions also say South African Airways and South African Airways Technical have obstruc-tively refused to disclose details of the Takatso deal.
To chat more:
Phakamile Hlubi-Majola
Numsa spokesperson
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Impala Platinum Holdings Interim results
• PetroSA may take over Sapref from BP and Shell, says Mantashe
• Chinese companies may snaffle shunned Russian oil
• Best South African Factory Mood in 15 Years Faces Mounting Risks
SHOP STEWARDS CORNER
The Constitutional Court today handed a ruling backing government’s decision in its deci-sion to not award inflation-beating wage increases to 1.2 million public servants in 2020. The court found the collective agreement detailing wage increases over three years to be“invalid and unenforceable”.
What’s the way forward?
Zola Saphetha
Nehawu General Secretary
THE HEADLINES
National Labour Migration Policy (NLMP)
Government says it will introduce new employment quotas on foreign workers, as well as ban foreigners from starting small businesses in some sectors. Today, Employ-ment and Labour Minister Thulas Nxesi introduced the National Labour Migration Policy (NLMP) and Employment Services Amendment Bill for public comment.
To speak to us
Sam Morotoba
Deputy Director General: Public Employment Services at Department of Labour
BUSINESS WRAP
Sinesipjo Maninjwa
CA and market analyst
• Sea Harvest Group LTD
• New quotas for foreign workers
• The Bidets Group Limited
• Aircraft-leasing companies working out how to recall billions of dollars of airplanes from Russia
THOUGHT LEADER THURSDAY
Hlumela Dyantyi
Social Activist, Journalist and Campaign Manager for DG Murray Trust.
She has an honours degree in Journalism from Rhodes University where she specialised in Multimedia Storytelling. She has worked for a variety of South African news houses over the years creating hundreds of human interest stories and think pieces in print, digital news and radio broadcasting. She is passionate about dismantling what Author Chimamanda Ngozi Adichie coined as the “single story” narrative. She actively works on passing on her development storytelling skills to young people.
THE HEADLINES
Russia /Ukraine Conflict
The latest from Ukraine is that…. more than 4,000 people, mostly women and children, have so far fled across the border from Ukraine into Moldova. It’s not yet clear whether they intend stay there or cross into Romania. Also, Russian President Volodymyr Zelen-skiy said troops were trying to fend off Russians attempting to capture the Chernobyl nu-clear power plant, just 90 km (60 miles) north of the capital. Regional officials said Ukrain-ian authorities had lost control of some territory in the Kherson region near Russian-occu-pied Crimea.
BUSINESS WRAP
Bandile Mathandela
Market analyst
• Eskom tariffs to increase by 9.61%
• KZN wants national government to buy Sapref
• Quantam Foods Holdings
• Discovery Limited
BUDGET SPEECH ANALYSIS
Dr Basani Baloyi
Senior Researcher and Climate Energy and Infrastructure Programme Lead at Institute for Economic Justice
And
Ndumiso Hadebe
Economist Pax Africana Holdings
THE HEADLINES
THE BUDGET SPEECH
Finance Minister Enoch Gondongwana tabled his maiden budget speech today.
What's the thinking behind this year’s budget allocation?
To speak to us
Dondo Mogajane
DG - National Treasury
TECH CONVERSATION
Mobile Gaming in Africa
Cape Town is currently hosting the largest gathering of African game developers in the world. The Africa Games Week. It is said the gaming industry in Africa is set to grow expo-nentially due a soaring interest amongst the youth. And, with 24 million gamers, South Af-rica tops the continent having 40% of its population playing followed by Ghana (27%) and Nigeria (23%) in second and third places respectively.
To speak to us
David Monnakgotla aka Super Dave
Mobile gaming expert
THE HEADLINES
THE BUDGET SPEECH
Tomorrow, Finance Minister Enoch Godongwana will table his budget speech. So many expectations from all sectors of society. The Budget Justice Coalition says it is calling for a budget that prioritises the economy and socio-economic rights.
Joining us is
Dominic Brown
Budget Justice Coalition
SMME xChange
We still continue to speak to business that are making a strong impact in their chosen sec-tors. If you’ve been following us in the past few months we’ve been speaking to people in the manufacturing industry. The aim is also to inspire you to industries, processes and vi-sion.
Tonight, we speaking to AmadleloAgri. Amadlelo Agri’s combined dairies make it arguably the largest single majority black-owned producer of raw milk in SA
To speak to us
Simphiwe Somdyala
CEO - AmadleloAgri
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Super Group LTD
• Motus Holdings LTD
• EU and UK propose sanctions to confront Putin
• Mboweni's instruction to withhold PIC exec's bonus amid scandal 'invalid'
KULTURE TALK
Phumi Morare - Filmmaker
Phumi is an NAACP Image Award Nominated South African writer/director based in Los Angeles. She is passionate about redeeming the Black and feminine identity through cin-ema. She enjoys exploring the female gaze's influence on telling intimate, human stories of ordinary heroes and women
Phumi’s short film, Lakutshon ’Ilanga (When The Sun Sets), has been shortlisted in the Live Action Short Film category of the 94th Academy Awards and is Nominated for an NAACP Image Award.
She joins us all the way from LA
Phumi Morare
THOUGHT LEADER THURSDAY
Paul Siguqa
Owner: Klein Goederust Franschhoek Boutique Winery. The first 100% black-owned wine farm in Franschhoek.
THE HEADLINES
Free State
Interesting developments in the Free State regarding the African National Congress. For-mer ANC President Thabo Mbeki arrived that province today assist in the process of unity and renewal. The province, currently, has an Interim Provincial Committee led by Mxolisi Dukwana after the Supreme Court of Appeal verdict which disbanded the leadership and found it unconstitutional.
BUSINESS WRAP
Zwelakhe Mnguni
Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
• Homechoice International
• Shell, Mantashe lose court bid challenging Wild Coast seismic survey interdict
• Small businesses can now join Food Lover's supply network
• Transnet to create special purpose vehicle to run container terminals
SMME xChange
It’s a romantic week, the Valentine’s week since some of you were celebrating the Valen-tine’s Day yesterday. Tonight on the show we shine a spotlight on a small business that has entered that space. Spoils and Bites.
Simphiwe Sibango
Founder, Spoils & Bites.
THE HEADLINES
Russia / Ukraine conflict
The latest is that Russian President Vladimir Putin said today that Moscow is ready for talks with the U.S. and NATO on limits for missile deployments and military transparency, in a new sign of easing East-West tensions. The statement came after Russia announced it is pulling back some troops from exercises that have raised fears of a potential invasion of Ukraine.
And the person who has been following this story:
Prof Siphamandla Zondi
Professor of politics and international relations at the University of Johannesburg
BUSINESS WRAP
Akona Mlamleli
Portfolio manager - 27 Four Investment Managers
• Shareholders raise toast to Heineken’s buyout of Distell
• Spar Group trading update
• Coal boom triggers Grindrod plans to triple capacity at Mozambique's biggest port
• China greenlights Audi-FAW's $3.3 billion electric vehicle venture
SHOP STEWARDS CORNER
It’s been reported that strike is looming in the gold sector after mineworkers affiliated to a coalition of disgruntled unions elected to go on a strike over their demands for above-infla-tion increases at gold miner Sibanye-Stillwater. The workers belonging to the National Un-ion of Mineworkers (NUM), Uasa, and Association of Mineworkers and Construction Union (Amcu), elected to down tools during a mass meeting held at Carletonville yesterday.
To speak to us
Jimmy Gama
Treasure General - Amcu
THE HEADLINES
Tensions were high today at outside Hoërskool Jan Viljoen in Randfontein, west of Joburg. Gauteng Education MEC Panyaza Lesufi visited the school following an alleged fight be-tween black and white pupils. Parents were also there and some protesting saying they are tired of their children experiencing racism in the school.
What instruments do we have to confront racism in our schools?
Joining me is
Dr Jerome Joorst
Lecturer in the Department of Education Policy Studies in the Education Faculty of Stellen-bosch University.
BUSINESS WRAP
Sinesipho Maninjwa
CA and market analyst
• Unions to strike for above-inflation wage hike from Sibanye-Stillwate
• Uganda Withdraws From Extension of International Coffee Pact
• Dis-Chem Pharmacies trading update
• $100 Oil Threatens to Compound World Economy’s Inflation Shock
SMME xChange
An interesting move by one of the South African companies, M&N Brands, the parent com-pany of Avatar Agency group, South Africas largest fully black-owned Marketing. They just formed a 100% a wholly owned, large-scale media agency that has the backing of the purchasing power, tools, technology and financial systems. Park Advertising is a majority locally owned agency that has partnered with M&N Brands to form AMA with the view to change the South African media land-scape.
To speak to us
Zibusiso Mkhwanazi
Executive Chairperson of M&N Brands
THE HEADLINES
Yesterday, President Ramaphosa released the Report of Expert Panel on July 2021 un-rest. It confirmed what some people mentioned that - SA's security cluster was caught napping. It also said the looting, destruction and violence have come and gone, but have found that little has changed in the conditions that led to the unrest, leaving the public wor-ried that there might be “similar eruptions of large-scale unrest in future”.
To speak to us
Dr Jakkie Cilliers
Analyst - Institute for Security Studies
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27Four Managers
• South Africa’s Land Bank Seeks to Exit Default by End-March
• Sasol LTD trading update
• Foskor says it was not responsible for gas leak
• Meta warns it could pull Instagram and Facebook in Europe if it loses a data-sharing rul-ing
• R1.5 billion down the drain — South Africa’s first smartphone factory goes on auction
THE HEADLINES
Eskom
Eskom says it will implement Stage 2 load shedding from 9 pm tonight night until 05:00 to-morrow morning saying "Further breakdowns could force Eskom to implement load shed-ding sooner or to extend the load shedding beyond Tuesday morning.” It said this is due to
more breakdowns in generating units, with total breakdowns now amounting to more than 16 000 MW.
To speak to us about this and more energy related issues is
Brian Kamanzi
Energy expert
BUSINESS WRAP
|
• Ramaphosa May Restrict Foreigners From Some Jobs
• Nutritional Holdings faces delisting after years of highs and lows
• Telkom SA trading update
• How South Africa’s electricity price compares to those around the world
KULTURE TALK
Award winning and artistic director of the Market Theatre, James Ngcobo directs the South African revival of The Brothers Size for a limited season started from 28 January – 28 Feb-ruary 2022.
The Market Theatre said it has chosen this poignant and captivating production to cele-brate Black History Month….saying the show explores brilliantly the complexities of broth-erhood, devotion and freedom.
To speak to us
James Ngcobo
Award winning and artistic director of the Market Theatre
Katishi Masemola was born in Meadowlands and went on to study in the same township of Soweto. As a student and youth political activist, he was detained on April 30 1988 under the notorious state of emergency regulations of the Apartheid regime. He spent the next ten months in detention without trial until he was released following a 17-day hunger strike.
In 1990, he enrolled for and completed a University Bridging Program with Khanya College and proceeded to complete a Bachelors degree in 1994. In 1995 he then joined FAWU as a National Negotiator and has remained in the union to date. During this period, he ob-tained two post-graduate qualifications - a two-year part time post-graduate diploma in economics and a six-month post-graduate certificate in competition law with Wits Univer-sity in 2002. He is busy with masters&39; degree studies.
In his stay at FAWU, Katishi has served in several capacities, from a National Negotiator to an Economics Coordinator in 1997. He later became a Bargaining Secretary in January 2000 and elected a Deputy General Secretary in April 2003.
In 2004 October Katishi Masemola was elected to the position of the General Secretary during a triennial national conference. He was reelected to this position again in 2007 Sep-tember.
THE HEADLINES
COMPETITION COMMISSION
The Competition Commission has referred motor vehicle finance groups FirstRand Bank, Wesbank, and Toyota Financial Services South Africa Limited (TFS) to the Competition Tribunal for prosecution on allegations of collusion. The Commission’s investigation re-vealed that Wesbank and TFS entered into an agreement to divide markets by allocating customers or suppliers in the market for the provision of vehicle finance in contravention of section 4(1)(b)(ii) of the Competition Act.
To speak to us
Makgale Mohlala
Manager of the Cartels Division, Competition Commission
SMME XCHANGE We continue speaking to entrepreneurs very much involved in the in manufacturing. To-night, we featuring Kwame Diamonds. .Kwame Diamonds is a women owned diamond re-finery institute. They say they are a South African company, backed by our diamond deal-ing and beneficiation licenses, as well as over 20 years of combined experience in the lo-cal business industry. To speak to us Khomotso Ramodipa Co-founder: Kwame Diamonds
THE HEADLINES Chief Justice Interviews This week, the the Judicial Service Commission (JSC) is conducting interviews of four can-didates for the position of Chief Justice. The four nominees include Acting Chief Justice Raymond Zondo, President of the Supreme Court of Appeal Mandisa Maya, Constitutional Court Justice Mbuyiseli Madlanga, and Gauteng Judge President Dunstan Mlambo. Justice Malanga was the first one today.
THE HEADLINES THE POLITICS OF AMATHOLE Senior Amathole district municipality ANC councillor Nanziwe Rulashe said she fears for her life and has been living in fear for some months. This past weekend, her home was sprayed with bullets during the early hours on Sunday.She made headlines last week when a video of her being assaulted and dragged from her office by armed security per-sonnel went viral. She told the Dispatch in an interview on Friday that she experienced a string of attempted break-ins at her home since late last year. What exactly is happening at this Amathole District Municipality? To speak to us Abongile Jantjies SABC reporter
SHOP STEWARDS CORNER THE MINIMUM WAGE The National Minimum Wage (NMW) Commission has published its adjustment proposals for 2022, recommending an increase slightly above inflation. As of March 2021, the mini-mum wage in South Africa is R21.69 for each working hour. The commission has recom-mended an increase of CPI+1%, which would take the new rate to R23 per hour. What the role the minimum wage has played in society and if these recommendations do make sense? To speak to us Isaah Mhlanga Chief economist at Alexander Forbes and a fellow of Economic Research Southern Africa
BUSINESS WRAP Sinesipho Maninjwa Market analyst and CA • Joburg has the cheapest water, Durban the priciest among metros • New delay in emergency power plan as state extends financial close yet again • DNG legal challenge to halt emergency power programme dismissed • Gin and samp are in, DVD players are out – SA’s inflation basket has just been updated
KULTURE TALK An independent film, Amagama ka Nokutela, was premiered this past Tuesday in Cape Town. It is said the film is inspired by the extraordinary life of Nokutela Ndima-Dube. To speak to us Asanda Sizani Founder: Legacy Creates (the people behind the short film)
THOUGHT LEADER Achille Mbembe Research Professor in History and Politics at the Wits Institute for Social and Economy Research The coups: Mali and Burkina Faso West African developments AfCFTA
BUSINESS WRAP Zwelakhe Mnguni Chief Investment Officer & Co-Founder · Benguela Global Fund Managers • Another interest rate hike • Shoprite Holdings Limited • Lewis Group trading update • Fertiliser prices may jump 70%
THE HEADLINES What's the latest regarding the battle, that is now before court, between the Khoi and San and the developers over redevelopment of River Club site for Amazon's new Africa HQ. Last week the Western Cape High Court heard an application to interdict the development. To speak to us Tauriq Jenkins The high commissioner of the Goringhaicona Khoi Khoin Indigenous Traditional Council
NONGQAWUSE - THE PLAY The theatre show, Nongqawuse-The Rise and Fall of African Gospel that is back at Joburg Theatre in Braambfontein from Thursday, 27 January - 29 January. Apparently, it explores the controversial story of Nongqawuse after a thorough research in trying to uncover the whole truth about what led to the conquest of the Xhosa nation. Joining me is Mbongeni Moroke Writer and Director
THE HEADLINES PRASA It’s a story we touched on a bit yesterday. Two Metrorail train sets that were involved in a collision near Soshanguve station outside Pretoria yesterday morning, resulting in damage but no injuries. Any updates regarding this? Joining me is Andiswa Makhanda Prasa spokesperson
BUSINESS WRAP Akona Mlamleli Portfolio Manager - 27 Four Investment Managers
• Ramaphosa orders wide-ranging probe into Telkom • Investments worth more than R26bn in SA’s ocean economy unveiled • Why Honda and other heavy hitters are banking on algae • HCI board blasts criticism of seismic surveys as ‘poppycock’
SHOP STEWARDS CORNER Tonight we look at the story of Renosterberg Local Municipality in the Northern Cape. The story from there is that employees over there have not been paid since November. The story is that the municipality’s accounts were frozen after a court granted Eskom access in December to recoup debt totalling R105 million. Joining me is: Peter Demas Regional secretary at SAMWU - Northern Cape
THE HEADLINES THE WORLD BANK LOAN The World Bank recently approved South Africa’s request for a $750 million (R11.4bn) de-velopment policy loan (DPL). It said this loan will support the Government of South Africa’s efforts to accelerate its COVID-19 response aimed at protecting the poor and vulnerable from the adverse socio-economic impacts of the pandemic. To understand this better I am joined by Dondo Mogajane DG - National Treasury
Today, the former military wing of the ANC, Mkhonto Wesizwe is turning 60 years old. It was formed on 16 December 1961 and its first commander was Nelson Mandela.
An MK statement released in 1986 on its 25th anniversary it read: The formation of Umkhonto we Sizwe was our peoples answer to this historic challenge from the racist rulers of South Africa. In the clarion call of our Manifesto we declared that "the time comes in the life of any nation when there remains only two choices: submit or fight" and that South African rulers had left us with no alternative but to "hit back by all means within our power in defence of our people, our future and our freedom”.
THOUGHT LEADER Tonight, we look at the subject of Constitutional Abolitionism. What is it and is it really something that South Africa needs. There’s been a debate around the country regarding this subject of the constitution since the article published by Minister Lindiwe Sisulu. Joining me is Gudani Tshikota Legal scholar and attorney
BUSINESS WRAP
Bandile Mathandela Market analyst
• Growth in Woolies Food division slows • Treasury turns its attention to the vaping market • Stor-Age taps shareholders for R575m as it looks to build scale • Rapper Nas Joins Andreessen Horowitz in Africa Gaming Investment
TECH CONVERSATIONS SYKED app
Tonight we shine a spotlight on a mental health app, Syked, and what it aims to achieve. They say it provides telehealth counselling through secure video, telephonic & text support all through one secure platform. To speak to us Wandile Khumalo Founder and CEO
EFF & The restaurant industry.
EFF leader, Julius Malema, today visited restaurants in Midrand North of Johannesburg to check employment ratios, as calls continue to employ more South Africans. The party has called on businesses to make sure at least 60 percent of their staff are South Africans. He said that he wasn't shutting down any shops, and that this was not a xenophobic call. To speak to us Sinawo Tambo EFF Head of Presidency
THE HEADLINES Cosas & Education
The Congress of South African Students, Cosas, says it is disappointed with the judgment by the Pretoria High to compel the DBE to publish matric results in media platforms. It went on to say “Class of 2021, your identity has been sold for R5”. To talk about this and other matters related to basic education as we await the metric results tomorrow is: Douglas Ngobeni National Spokesperson Cosas
BUSINESS WRAP
Makwe Masilela Founder and Chief Investment Officer - Makwe Fund Managers
SMME xChange ENTERING THE UK MARKET Tonight we catch up with Apiwe Nxusani-Mawela - a microbrewery entrepre-neur we spoke to before - during the pandemic. She is the founder of Brewsters Craft and the maker of Tolokazi Beer which is making waves in Europe. She joins me Aphiwe Nxusani-Mawela Founder: Tolokazi Beer
COMMUNITY FOCUS II A taxi leader in the Western Cape Codeta secretary and deputy chairperson of the SA Na-tional Taxi Council (Santaco) Western Cape, Mzoxolo Dibela’s body was found dumped at the beach with gunshot wounds to his head. Apparently, he got murdered a few days before he was to sign an agreement with the City of Cape Town to bring MyCiTi back to Khayelitsha and Mitchells Plain. To speak to us Velani Ludidi Journalist - Weekend Argus
THE HEADLINES The Gas Amendment Bill Public Hearings The Gas Amendment Bill Public Hearings are currently taking place. The Bill aims to amend the Gas Act of 2001 to provide, among other things, for the promotion of the or-derly development of the gas industry, and to provide for new developments and changing technologies in the gas sector. To speak to us Sahlulele Luzipho Chair - Parliamentary Portfolio Committee on Mineral Resources and Energy
BUSINESS WRAP Akona Mlamleli Portfolio manager - 27 Four Investment Managers
• Tongaat begins pursuit of Deloitte over its accounting scandal • Bain withdraws from BLSA • Microsoft to Buy Activision Blizzard in $69 Billion Gaming Deal • Zimbabwe Won’t Ease Currency Reins, Blames Business for Collapse • Moyo abandons Old Mutual reinstatement bid but still wants R250m in damages
THE HEADLINES HEAVY RAINS AND INFRASTRUCTURE Some parts of South Africa have been experiencing heavy rains in the past few weeks. What’s the impact of this in our local infrastructure? Ladysmith, for example, it’s reported that the central business district and the Leonardsville area have been the worst affected. The Buffalo City area, lives were lost and a number of families homeless. To talk more Tjeerd Driessen Flood resilience expert and Business Developer for Africa at Royal HaskoningDHV
Sinesipho Maninjwa Market analyst and CA
• De Beers Implements Big Diamond Price Hike as Demand Runs Hot • Dutch giant Vitol progresses its bid to buy JSE-listed Vivo Energy • The world's 10 richest men could pay for every Covid-19 vaccine from pandemic gains, Oxfam says • Tanzania and Burundi seek funds to build railway line to link the two
THE COMPENSATION FUND - SPONSORED
Tonight we take a look at the work of the Compensation Fund and its mandate and how it could be of assistance to you. To speak to us Sipho Moloya Deputy Director Employment Service
THE HEADLINES THE FIGHT AGAINST CORRUPTION - THE REFLECTIONS How is South Africa or this current administration doing in its fight against corruption? As we wrap up this year, 2021, can we be satisfied that a lot has been achieved in this fight? Also, can we be hopeful that the Zondo commission will yield any results? We talk about this and more with: Asanda Ngoasheng Political analyst
SHOP STEWARDS CORNER Tonight we focus on a photo essay published by photo journalist James Oatway and jour-nalist Stephan Hofstatter on the life of food couriers in Joburg. It says - An army of riders ferry food around the South African city, their lives and travails largely unseen by the peo-ple they serve. Photojournalist James Oatway has spent several months documenting their challenges. It’s published in today’s Guardian newspaper. Joining me is James Oatway Photo-journalist
THE HEADLINES JULY RIOTS - THE REFLECTION This week marks 5 months since the July riots in KZN and parts of Gauteng. It’s was not just looting but also violence we saw in places like Phoenix where people got killed. And, recently, we’ve been following the Human Rights Commission - the hearings that have been taking place over there. Have we learned anything from that as a country? Are we any wiser now? To speak to us Ebrahim Fakir Political analyst
THE HEADLINES
ESKOM SOWETO
There was a big protest in Diepkloof, Soweto, on Monday saying they they took to the streets because they have not had electricity for almost two weeks. Apparently, Eskom cut power to parts of Diepkloof, saying that residents have caused losses of about R96 million over the past eight months.
To give us clarity
Mashangu Xivambu
Eskom Maintenance and Operations Manager in Gauteng
UNDER THE MICROSCOPE
Pietermaritzburg Economic Justice and Dignity
The Pietermaritzburg Economic Justice and Dignity says government should intervene and pay double social grants this month, December, to cushion the country’s poorest of the poor against next month’s expenses. It said poor families often resort to borrowing money from loan sharks to cover expenses that arise when their children return to school.
To speak to us
Mervyn Abrahams
Programme co-ordinator for the Pietermaritzburg Economic Justice & Dignity Grou
SHOP STEWARDS CORNER
The South African Commercial, Catering and Allied Workers' Union, SACCAWU, strike at Massmart that has been going on for weeks has apparently come to an end. The strike was over wages, retrenchments etc.
To speak to us on ending the strike is
Sithembele Tshwete
Spokesperson - SACCAWU
BUSINESS WRAP Bandile Mathandela Market analyst. • Tongaat Hullet • Hitachi-Alstom Win £2 Billion Train Deal for U.K.’s HS2 Route • Italy's antitrust authority fines Amazon 1.1bn euros • Afrimat adds phosphate to its portfolio in R550m deal • You may struggle to get a rental car in SA this holiday – and 4x4s are especially scarc
UNDER THE MICROSCOPE
16 Days of No Violence against Women and Child abuse
The Black Womnx Caucus (BWC) will tomorrow will be hosting an interesting event titled #FundTheFight: Economic Community Assembly under the theme of Women’s Economic Justice and Effective Participation for a Society Free of Gender Based Violence and Femi-cide to be held in Soweto tomorrow.
They say, the #FundTheFight campaign aims to call on monetary stakeholders inclusive of governments around the world, private sector and business, and developmental agencies to prioritize the resourcing for effective and sustainable interventions aimed at addressing Gender Based Violence and Femicide in all its manifestations.
To speak to us
Fatimata Moutloatse
Founder and chairperson of Black Womxn Caucus
SMME Exchange
Tonight on our small business feature, SMME Exchange, we look at the work of the Gaut-eng Enterprise Propeller and how, you, as an SME could be of use to you. The agency says, after a turbulent few years, the past few months has seen the Gauteng Enterprise Propeller (GEP) undergoing some very positive changes. It says it has a a new focus and is strengthened to deliver increased impact on the economy.
Joining me is
Saki Zamxaka
CEO - Gauteng Enterprise Propeller
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• SA’s GDP contracts 1.5% in third quarter
• TymeBank picks up Tencent as investor
• Zimbabwe Central Bank Mulls Digital Currency, Spurns Crypto
• Shell faces fresh SA court test over seismic programme
THE HEADLINES
SECTION 25
Today, Parliament voted on whether to pass a law that would allow for the expropriation of land without compensation. The results from that vote is that the National Assembly failed pass the amendment to Section 25 of the Constitution to allow for expropriation without compensation. Apparently, the ANC needed the required two-thirds majority to pass it but could’t get it as the EFF and the DA didn’t support the amendment.
As you know, this is a much debated issue not just in parliament but also in our house-holds etc. I know one of the debates is on - who gets to own the land once its expropri-ated. Some day the State must own it and some differ.
The person who has been following this is:
Nkanyiso Gumede
Researcher at the Institute for Poverty, Land and Agrarian Studies (PLAAS) at the Univer-sity of the Western Cape
SEDA (SPONSORED - 20 MIN) The Small Enterprise Development Agency, SEDA, recently announced the winners of the 2021 Pitch For Funding Competition. Pitch for Funding Sessions are held in every province across the country in two parts; first the Masterclasses is held for emerging and existing SMMEs, and to provide SMMEs with the opportunity to pitch for the available/ existing suites of instruments for them. This year hundreds of small businesses competed in the Masterclasses then the provincial finals. To talk more about this Mr Colin Leshou Acting Executive Manager: Seda Technology Programme
THOUGHT LEADER Anant Singh Renowned filmmaker Anant Singh has release a memoir titled in Black and White - where he detailed his journey as a storyteller, activist and a great South African
SMME xCHANGE We still continue speaking to exciting entrepreneurs especially in the manufacturing indus-try. We also hope that as a budding entrepreneur it assists you as you work on your busi-ness. Tonight, we speak to Mohlalefi Engineering, a pioneering manufacturer and supplier of innovative, lifesaving and reliable roof support and safety solutions for the mining industry. It designs, manufactures, supplies and installs safety structures, roof tendons and anchors for underground mining operations. All our products are manufactured locally from their fa-cilities in Sasolburg, Free State and Alberton. To speak to us Martin Masitise Founder and CEO: Mohlalefi Engineering
THE HEADLINES UNEMPLOYMENT STATS STATS SA revealed today that unemployment in SA continued to accelerate in the third quarter, reaching 34.9%, up from 34.4% in the preceding three months. It also said the number of discouraged job seekers increased by 545,000, while the number of people who weren’t economically active increased by 443,000. Are you one of those people who has been trying to get a job? Send me a voice note - or, in your view, what needs to be done to create jobs in the country? To speak to us Malerato Mosiane Chief Director responsible for labour statistics - STATS SA
BUSINESS WRAP Zwelakhe Mnguni Chief Investment Officer & Co-Founder · Benguela Global Fund Managers (Benguela - the recent winner at the 2021 ABSIP AWARDS Asset Management Category -Best Black Fund Manager/Team of the year – Global Equities)
SHOP STEWARDS CORNER
The search-and-rescue teams are trying to reach five mineworkers trapped underground at an Impala Platinum mine in Rustenburg. The mine says it could take up to two days to recover the employees in question. Seven employees were working at the bottom of the shaft when the area became inundated as a result of a mud rush, the company. To speak to us Phillip Vilakazi NUM Deputy President
THE HEADLINES
TRAVEL BAN
The Federated Hospitality Association of South Africa (FEDHASA) and the Southern Africa Tourism Services Association, SATSA, released a statement yesterday saying hey had lost over R1 billion in travel bookings for travel between December and March in the past few days as a result of the travel bans instituted globally against South Africa. They said the their immediate priority for the hospitality sector now is to protect domestic tourism over the festive season. The question we are asking: Can the vaccine mandate have an impact in salvaging the industry?
Rosemary Anderson FEDHASA National Chairperson
BUSINESS WRAP
Sinesipho Maninjwa Market analyst and CA
Implats makes R43bn buyout offer for RBPlat Shell Faces Activist Outcry Over South Africa Wild Coast Seismic Survey Takatso says SAA due diligence is now complete and no 'material issues' were identified Black Friday 2021: Here’s how much South Africa spent
THE HEADLINES
UNEMPLOYMENT STATS
STATS SA revealed today that unemployment in SA continued to accelerate in the third quarter, reaching 34.9%, up from 34.4% in the preceding three months. It also said the number of discouraged job seekers increased by 545,000, while the number of people who weren’t economically active increased by 443,000.
Are you one of those people who has been trying to get a job? Send me a voice note - or, in your view, what needs to be done to create jobs in the country?
To speak to us
Malerato Mosiane
Chief Director responsible for labour statistics - STATS SA
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager - 27 Four Investment Managers
• Aspen strikes deal with J&J to launch own vaccine, called 'Aspenovax'
• Three Impala Platinum miners lose their lives
• The new Twitter CEO
• SA’s unemployment rate climbs to 34.9% in third quarter — Stats SA
THOUGHT LEADER THURSDAY
Linda Maqoma Founder and CEO: Nomatshawe Group and ABASA incoming President.
THE HEADLINES
EFF / #ANC presser
The African National Congress, ANC and the Economic Freedom Fighters, EFF, today held press conferences to give clarity on what we saw this week. The voting that took place in different municipalities and metros - that surprised a number of people including some political organisations.
The person who has been following all this; Mzwandile Mbeje SABC News Political editor
BUSINESS WRAP
Melitta Ngalonkulu Market analyst
Cabinet approves new carbon targets for companies, and Eskom won't be exempted this time Mr Price Group Limited results The anti-work brigade is coming for Amazon on Black Friday Nigeria plans $5.8bn in cash handouts to replace fuel subsidies
TECH CONVERSATION
A consortium that includes Patrice Motsepe’s African Rainbow Capital (ARC) as well as the private equity manager Ethos will invest R1.5 billion in Crossfin Technology as part of a "landmark deal" said to be the largest in the country's fintech sector. Established in 2017, Cape Town-based Crossfin offers payments technologies. The company and its subsidiaries processes more than 134 million card and 20 million mobile- enabled payment transactions per year, with a value of R79 billion. Crossfin owns Adumo, South Africa’s largest independent payment processor. To speak to us Yamkela Spengane Technology researcher
THE HEADLINES
Ethekwini metro
The eThekwini metro council finally managed to sit to conduct the vote for the mayoral position. The latest there is that councillor Mxolisi Kaunda from the ANC returns as mayor. It’s been a chaotic journey for this council to get here with disruptions, electricity cuts etc. To talk more on what is happening over there.
Precious Lugayeni Political analyst
BUSINESS WRAP
Makwe Masilela Founder and CIO - Makwe Fund Managers
CNA receives purchase offer to save it from liquidation Pityana to take Absa to court for removing him from its boards Tsogo Sun Hotels Biden Says He Wants to Diversify the Fed. He Has a Few Choices
SMME xChange SEDA - Sponsored - 20 min
The Small Enterprise Development Agency, SEDA, is our guest tonight as we learn more about their work, what they do and how you, as an SMME can be assisted by this organisation.
Dr Joy Matshediso Ndlovu Chairperson of the Board for SEDA
THE HEADLINES THE SHIFT IN SA POLITICS
Yesterday South Africans witnessed what they described as the shift in SA politics when the ruling party, the ANC, lost mayorship in a number of metros in SA to the coalition of the opposition parties. This coalition is also not based on a any formal agreements or shared values. What does this really mean for the SA political landscape?
To speak to us Khanya Bonani Political analyst
BUSINESS WRAP
Ukona Mlamleli Portfolio Manager - 27 Four Investment Managers Pepkor makes offer for SA furniture owner Reserve Bank hits back at Sipho Pityana Surprise suspension of Prasa CEO is sabotage, union says Biggest Eskom Creditor Sees Barriers to Debt-for-Equity Swap
UNDER THE MICROSCOPE
Last week, the 19th of November marked the first anniversary since the the Constitutional Court handed down a monumental judgment in Mahlangu v Minister of Labour compelling the inclusion of domestic workers in legislation aimed at protecting workers. (A story we covered extensively here on the Metro FM Talk) Speaking at a Cosatu event last month, President Ramaphosa said changes are coming for domestic workers and the contribution of domestic workers to South African society remains largely unrecognised and unappreciated.
My guest is Kelebogile Khunou Researcher - The Socio-Economic Rights Institute of South Africa (SERI)
SHOP STEWARDS CORNER
Workers belonging to Clover have down tools over working conditions and retrenchments.They say the company's restructuring of working times, unfairly affects workers who are already earning low wages. To speak to us
General Industries Workers Union of South Africa (GIWUSA) National Organiser
THE HEADLINES THE COUNCIL MEETINGS
The council meetings meant to elected speakers and mayors took place today including some of our metros. Going to these meetings remained unclear as coalition talks among different political parties collapsed over the weekend. In the Nelson Mandela Bay, ANC’s Eugene Johnson was elected as mayor. In other Metros, the latest is that: (check the latest after 6)
To speak to us Khanyi Magubane Political analyst
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
Netcare results E-commerce performance gives Prosus a boost Pep owner sets its sights on local manufacturing as supply chain woes continue Billionaire Economy Is Booming With Private Jets in Short Supply
THOUGHT LEADER THURSDAY | Dr. Namwinga Chintu Africa Partnership Director at WomenLift Health
BUSINESS WRAP |Makwe Masilela Founder and Chief Investment Officer - Makwe Fund Managers
THE HEADLINES |Mduduzi Masilela President - National Funeral Association of South Africa
Finance Minister Enoch Godongwana tabled his Medium-Term Budget Policy Statement today. He said mounting debt-service costs are a clear signal that South Africa must stabilise its public finances to redirect spending in favour of social and economic development.
SHOP STEWARDS CORNER |Brian Kamanzi Energy Policy Researcher at Institute For Economic Justice
THOUGHT LEADER THURSDAY
Sithole Mbanga
Chief executive at the South African Cities Network
Sithole Mbanga is Chief Executive Officer of South African Cities Network and has been with the organization since 2002. He was previously the Local Government Coordinator at the National Business Initiative (NBI), was involved with conducting capacity building train-ing in Municipal Service Partnerships (MSP), and participated in the development and im-provisation of DPLGs national policy on Integrated Development Planning (IDP).
THE HEADLINES
News from Ethiopia is that the U.S. special envoy for the Horn of Africa, Jeffrey Feltman, arrived in Addis Ababa today to press for a halt to military operations and a start to cease-fire talks. The European Union and the East African bloc the Intergovernmental Authority on Development (IGAD) also joined the growing chorus of bodies calling for a ceasefire. U.N. Secretary-General Antonio Guterres said he had spoken to Ethiopian Prime Minister Abiy Ahmed yesterday“ to offer my good offices to create the conditions for a dialogue so the fighting stops”.
To comment more on this:
Adv Sipho Mantula
Researcher: Thabo Mbeki African School on Public and International Affairs
BUSINESS WRAP
Zwelakhe Mnguni
Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
MTN GROUP LIMITED
Cabinet announces new PIC board
TymeBank racks up 4-million customers in less than three years
Competition Commission accuses Naspers of bully tactics
ELECTIONS 2021 - The analysis What do results really signify? To it breakdown: Tessa Dooms Social analyst. Political Commentator. Youth Worker and Director of Jasoro Consulting.
THE HEADLINES Election RESULTS The 2021 Local Government Elections results are still trickling in even though it seems it’s very clear where it is going. Looking at my dash board….. To give us the latest from the results centre; Samkele Maseko SABC Political reporter
SMME xCHANGE
Tonight on our entrepreneurial feature we look at the journey of the entrepreneur, Mabel Akinlabi, the founder of theBrown Corn Dog. It is apparently is some big supermarkets like Checkers. She joins me Mabel Akinlabi Founder - Brown Corn Dog
THE HEADLINES Election RESULTS
The counting the 2021 Local Government Elections are still going on. The results of course are still trickling in. It’s seems we are going to see a number of coalitions.
Looking at my IEC dashboard (mention a few things you see there…) https://results.elections.org.za/dashboards/lge/ To analyse these results so far
Paul Berkowitz Director -Third Republic
• His overall take so far • The battle for the metros. • The smaller parties • Possible scenarios • Predictions
Akona Mlamleli Portfolio Manager - 27 Four Investment Managers
Massmart Holdings Ramaphosa urges rich countries to keep climate promises Oil edges towards $85/barrel 4-day week pilot underway in Ireland
THE HEADLINES LUTHULI HOUSE MARCH Some Soweto residents are said to have boycotted elections and marched to Luthuli House demanding that their service delivery concerns be addressed. The issue has to do with housing and some residents say they have been on the waiting list for years. They de-manded that the Luthuli House sign a pledge. Listen to this: Audio Joining us Themba Makhubele Soweto Backyard Dwellers
THOUGHT LEADER THURSDAY Dr Sizwe Mpofu-Walsh Postdoctoral Fellow at Wits Institute For Social and Economic Research (WiSER) and au-thor: The New Apartheid - (Apartheid did not die, it was privatised.)
THE HEADLINES Tshwane municipal workers have on strike for sometime now and their happiness is ap-parently the City’s lack of communication when it would implement the 3.5% salary incre-ment, backdated to July 2021, as part of the collective agreement signed by both Samwu and the Independent Municipal and Allied Trade Union with the SA Local Government As-sociation in September 2021. Tshwane Executive Mayor Randal Williams has accused the union of playing politics - as it is ANC aligned. To speak to us Mpho Tladinyane Samwu regional secretary
Roy Mutooni Portfolio Manager and Analyst at Absa Asset Management • Interest Rates Aren’t the Only Weapon in Global Inflation Fight • Heineken takeover talks with Savanna maker Distell drawn out as PIC holds out • Anheuser-Busch InBev reports Third Quarter 2021 Results • CemAir spent around R1 million to make sure Plett’s airport reopens in time for tourists
LGE
It’s the last week of our 2021 Local Government Elections conversations. We’ve had a number of political parties, regional parties etc. We are also hoping to speak to some independents before we wrap up our conversations this week. Tonight, we’re off to the Western Cape and we speak to: Lennit Max FF Plus Cape Town Mayoral Candidate
And Jack Miller Founder: Cape Independence Party
THE HEADLINES
There was a protest in Soweto yesterday, at one of the KFCs in Diepkloof. The story is that the protestors were complaining that the outlet has hired foreign nationals. To understand this protest I am joined by
Dan Radebe Leader - Operation Dudula
BUSINESS WRAP
Sinesipho Maninjwa Market commentator and CA
U-turn: City Power says it will implement load shedding to protect the grid from 'total collapse’ Aspen adds anaesthetics at J&J vaccine plant in Gqeberha Competition regulator expects to act soon on high cost of Covid-19 tests Hamburg Is at the Heart of Germany’s Growing Dilemma Over China
2021 LOCAL GOVERNMENT ELECTIONS Tonight we have two guests. The Forum 4 Service Delivery (F4SD) and Makana Citizens Front. The MCF says it wants local government to be depoliticised with councillors being made accountable to their constituents and not to their parties. And, The F4SD says peo-ple are tired of mainstream politics they believe the party is offering more service delivery and less politics. Joining us Mbahare Kekana Forum for Service Delivery President
And Ayanda Kota Leader- Makana Citizens Front
THE HEADLINES The University of South Africa (Unisa) says it has noted with serious concern re-ports in the print and social media domain that purport the sale of qualifications and question the quality of scholarship and research of the university. It says these reports are intentionally misleading, malicious, and inaccurate. Joining me is Victor Dlamini Spokesperson - Unisa
BUSINESS WRAP Makwe Masilela Founder: Makwe Fund Managers
• Standard Bank Group • Pick ’n Pay Stores Limited • Helium: South Africa strikes new 'gold' • Family Who Exited De Beers for $5 Billion Taps Asia’s Rich • Balwin Properties reports profit recovery amid steady demand for apartments
2021 LOCAL GOVERNMENT ELECTIONS Tonight we have two guests. It’s the Black First Land First, BLF, and the African Transfor-mation Movement, ATM. What do these parties offer you the vote come the 1st of November? To speak to us Zanele Lwana Deputy President BLF
And Sibusiso Mncwabe National Spokesperson - ATM
THE HEADLINES Taxi Violence This past weekend here in Joburg we minibuses or taxis being torched in what is believe is an ongoing feud between taxi operators. Apparently, disputes over fares were apparently behind the burning and vandalising of 15 taxis at the weekend. Today, the National Taxi Alliance called a press conference saying a solution will found despite the parties having failed to achieve this on numerous occasions before. Joining me Theo Malele National Spokesperson - National Taxi Alliance
BUSINESS WRAP Akona Mlamleli Portfolio Manager - 27 Four Investment Managers • Acsa’s annus horribilis as FY loss hits R2.6bn • COMBINED MOTOR HOLDINGS LIMITED • Both Transnet’s ports remain operational, despite fire outbreak • Credit Suisse nears deal with US over Mozambique scandal
2021 LOCAL GOVERNMENT ELECTIONS We continue with the coverage of the 2021 Local Government Elections. Tonight, our guest is the Pan Africanist Congress of Azania. PAC says it hopes that to be kingmakers in most municipalities after the November 1 Local Government Elections. To speak to us Mzwanele Nyhontso PAC President
THE HEADLINES eSwatini ESwatini protests are still on going. We hear of the closure of schools and there was a story of government shutting the internet etc. The Swaziland Solidarity Network has ap-pealed to the South African government to intervene, saying the situation has reached boiling point. And, the Eswatini spokesperson to the king, Percy Simelane, has defended the monarch, saying that these “so-called pro-democracy people" were the ones causing mayhem in the county. To speak to us Pius Vilakati International Secretary
BUSINESS WRAP Sinesipho Maninjwa CA and market analyst • MTN joins Telkom case against Icasa about temporary spectrum • SABS announces new local content certification scheme • Shipping crisis getting worse - some companies are chartering air cargo planes for R29 million a flight • Ford Silverton plant is upping its game
THE HEADLINES
Eastern Cape
Eastern Cape ANC chair and premier of the Eastern Cape Oscar Mabuyane seems to be having a tough week. First, it was the Public Protector’s report that funds that were meant for the memorial service of Winnie Madikizela-Mandela were used to refurbish his house and that the Free State Hawks are investigating him and he is also trying to interdict that process.
Ongama Mtimka
THOUGHT LEADER THURSDAY
Phakamisa Ndzamela
Author: Author of Native Merchants: The Building of the Black Business Class in South Africa
BUSINESS WRAP
Zwelakhe Mnguni
Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
• MTN Group limited
• New bill aims to slap big polluters with heavier carbon tax
• Vantage Data Centers plans R15bn Joburg campus at Waterfall mega-development
• London’s Night Tube to Return in Boost for Pubs and Restaurants
2021 LOCAL GOVERNMENT ELECTIONS We continue with the coverage of the 2021 Local Government Elections. Tonight, our guest is the Patriotic Alliance. The party said recently during its manifesto launch that it will write off everyone's municipal debt should it be elected to power. It also said that first on its priority list when it takes over municipalities will be to deal with the issue of illegal immi-grants. Joining us Gayton McKenzie President - Patriotic Alliance
THE HEADLINES MILITARY VETERANS The Liberation Struggle veterans have been outside the Luthuli House, staging a pro-test and demanding benefits. It includes includes members of the Mkhonto weSizwe Military Veterans Association (MKMVA) former members of the Pan Africanist Con-gress’s Azanian People’s Liberation Army (Apla) and Azapo’s Azanian National Libera-tion Army (Azanla). They’ve been sleeping in the ANC offices since Sunday. Appar-ently, one of the demands is a R2.2 million reparation for each member who partici-pated in the liberation struggle. To speak to us Lwazi Mzobe Liberation Struggle War Veterans (LSWV) national co-ordinator
BUSINESS WRAP Makwe Masilela Founder and CIO - Makwe Fund Managers • M&R expands in US market with R423m deal • Numsa persists with strike as employers warn of job losses • SA's tourism industry prepares for an influx of loaded UK tourists – and capacity isn't an issue • Land Bank review of loan book due for completion in October
THE HEADLINES MPUMALANGA MEC Mpumalanga MEC for Agriculture, Rural Development, Land and Environmental Affairs, Mandla Msibi spent a night in jail after being arrested and charged with murder and at-tempted murder. This MEC had previously been charged with attempted murder and was only acquitted a couple of months ago. A person who has been following this story closely Sizwe Sama Yende Journalist - City Press
2021 LOCAL GOVERNMENT ELECTIONS We continue with the coverage of the 2021 Local Government Elections. Last night we spoke to the IFP and soon we will also speak speak to the smaller parties, independents and some interesting parties. Tonight, we are joined by the United Democratic Movement. UDM leader General Bantu Holomisa was quoted saying depoliticisation is the key to tack-ling corruption at local government level. Joining us Nqabayomzi Nkwakwa UDM Deputy President
2021 LOCAL GOVERNMENT ELECTIONS We continue with the coverage of the 2021 Local Government Elections. As you probably know, last week we spoke to the African National Congress, Democratic Alliance and the Economic Freedom Fighters. Tonight, we hear what the IFP is offering the voters. The IFP said it will invest in local economic development and the township economy to create job opportunities. In its ten-point manifesto, it includes leading with integrity, empowering ordi-nary people, ensuring food security, partnerships with traditional leaders and making com-munities safer. Joining us is
Velenkosini Hlabisa IFP President
BUSINESS WRAP Akona Mlamleli Portfolio Manager -27 Four Investment Managers SA officially withdraws support for Mthunzi Mdwaba to lead global labour body SA’s abandoned gold mines are being eyed as potential hydroelectric energy sites Samsung boss Lee pleads guilty to unlawful use of sedative DP World, CDC Pledge $1.7 Billion Infrastructure Spending in Africa Ports Deal
THE HEADLINES THOMAS SANKARA Sankara clip: [VOICE NOTE: Is Africa still struggling to produce another Thomas San-kara? Why? 079 191 4270 The murder trial of Thomas Sankara, Burkina Faso’s iconic “father of the revolution”, be-gan today. Fourteen people, including the country’s ex-president, Blaise Compaoré, are to stand trial. Sankara came to power in a coup in 1983 was killed four years after taking power, when commando troops stormed the headquarters of his National Revolutionary Council and shot him dead – bringing to power Blaise Compaoré, Sankara’s close friend and right-hand man. To speak to us Adv Sipho Mantula Researcher at the Thabo Mbeki African School for Public and International Affairs
Numsa affiliated workers in the steel and engineering industry went on strike over a long-standing dispute on salary increases in 2021. They downed tools and embarked on an indefinite strike across the country that is set to bring the industry to its knees.
Denel avoids liquidation with out-of-court settlement Mondi trading statement South Africa should not 'rush' move away from coal, says Mantashe Free-to-air TV at risk of ‘going dark’ in SA
2021 LOCAL GOVERNMENT ELECTIONS Our coverage of the 2021 Local Government elections tonight is the Economic Freedom Fighters, EFF. In its manifesto, the EFF is promising to root out corruption, redistribute land, and tax the wealthy to provide for the poor. The EFF said should it receive the man-date to govern at a local level, it would go beyond municipal functions, to help all people in need. Joining us Floyd Shivhambu EFF Deputy President
THE HEADLINES COSATU Cosatu has called for organised labour to join in a strike tomorrow by staying away from work in an effort to apply pressure on government and the private sector to "fix the eco-nomic mess that the country finds itself in". The strike coincides with the Global Day for Decent Work. To talk to us Mike Shingange Cosatu Deputy President
BUSINESS WRAP Makwe Masilela Founder and CIO - Makwe Fund Managers • Cosatu to go on national strike against corruption and job losses • Alcohol industry resumes paying monthly R2.5bn in excise tax • Boris Johnson fuels speculation over UK minimum wage hike to almost R200/hour • Facebook outage prompts South Africa to promote local developers
2021 LOCAL GOVERNMENT ELECTIONS Tonight we’re continuing with our coverage of the 2021 Local Government elections. We’re speaking to the second biggest political party in parliament, the Democratic Alliance. The DA runs about 27 which runs 27 municipalities. In the 2016 local government elections, the DA won 24.57 % of the votes. Joining us Gwen Ngwenya DA Head of Policy • On DA’s success in local government since 2016 • Their struggles with the Metros or coalition government • The manifesto
THE HEADLINES NORTH WEST MINE An interesting story coming out of a town called Schweizer-Reneke in the North West, where a gold mine, Floxifor, is operating. Apparently, this mine has been hijacked, stripped, burnt down etc. According to the City Press, there’s a heavily armed gang in that part that even terrifies the local police and is allegedly the one behind this. To speak to us Joel Mafenya Owner - Floxifor Mine
BUSINESS WRAP Akona Mlamleli Portfolio Manager - 27 Four Investment Managers • Eskom Is Now World’s Biggest Sulfur Dioxide Emitter • Numsa and steel engineering groups face test of wills as union downs tools • Competition body makes key recommendations, greenlights Clicks ’offer for Pick n Pay pharmacies • Explaining protocol failure that triggered Facebook’s outage
KULTURE TALK Mpumi Mayisa Bathini Abafazi at Gallery Fanon (until 08 October). Mpumi Mayisa is a poet, photographer, retired copywriter, podcaster, educational art pro-gram designer and event curator.
BUSINESS WRAP Rella Suskin Head of Research - Benguela Global Fund Managers
• Capitec Holding Limited • Slack tells execs to limit office days to 3 a week to encourage other staff to work from home • Shareholders, not the government, will set executive pay, says Ebrahim Patel • H&M’s Creator Studio wants share of stars ’branded products
Under the Microscope
Kenya
Kenya's President Uhuru Kenyatta has ordered the cancellation of all ongoing and incomplete power purchase agreements being negotiated with the state distributor Kenya Power. The president also replaced the energy minister. The nullification is part of a raft of recommendations from a team he set up in March to review the agreements. Kenyatta said that future power purchase agreements with the government will have to be in line with its Least Cost Power Development Plan, which emphasises the use of renewable energy sources. To analyse this story Roy Mootoni Portfolio Manager and Analyst at Absa Asset Management
TECH CONVERSATIONS
Ethiopia’s telecommunications regulator said recently it had invited a request for proposals for a second national telecoms licence, which was due to be issued in January 2022. Ethiopia sold only one of two full-service licences on offer in May, citing a lower-than- expected price for the second one, which it now is offering again. The licences are considered a big prize in the country’s push to liberalise the economy, which had been one of the world’s last major closed telecoms markets. To speak to us Dobek Pater Director - Africa Analysis
THE HEADLINES
President Ramaphosa today released the SIU Digital Vibes report. The report finds, among other things, that former health minister Dr Zweli Mkhize went against a cabinet decision on communications work on the NHI and approved budget amounting to R132m for a media campaign by Digital Vibes. And, putting former health department acting director-general Dr Anban Pillay at the centre of the scandal. To talk to us Samkele Maseko SABC Political reporter
BUSINESS WRAP
Makwe Masilela Founder: Makwe Fund Managers
Curro Holdings Netflix buys its first game studio Momentum Metropolitan Health inks BEE deal with Nehawu and Popcru Post office reaches payment plan with workers’ medical aid fund
Under the Microscope LGE A number of political parties have launched manifestos in preparation of the 2021 Local Government Elections taking on 01 November. We hope to speak to different political par-ties on their manifesto starting very soon. The biggest political parties in parliament, ANC, DA and the EFF launched their manifes-tos respective. ANC about an hour ago. A person who’s been watching and following this and to give us her commentary Sanusha Naidoo Political analyst
SHOP STEWARDS CORNER The Labour Court recently ordered Denel assets worth R4 million be attached by the Sher-iff and sold with the money raised going to pay outstanding salaries and employee bene-fits, including medical aid and pensions. The case was brought by the Solidarity trade un-ion, which has another Labour Court hearing on the roll set down for October 7. That hear-ing also involves outstanding and short paid salaries. To speak more Derek Mans Specialist in Defence and Aerospace at Solidarity
THE HEADLINES Another story; kinda similar to the story we did last in Mamelodi. What’s the best way to stop this behaviour? Whatsapp line - 079 191 4270 Sowetan reported that a group of alleged extortionists have targeted several busi-nesses in Soweto demanding a cut in revenue generated or to be given security contracts to protect the businesses. This group, known as Top 7, has taken aim at the Soweto Towers, which is a big tourist attraction, and Chaf Pozi, a popular res-taurant, both located in the Power Park area in Soweto. To speak to us Tankiso Makhetha Journalist - Sowetan
BUSINESS WRAP Sinesipho Maninjwa Market analyst • Fairvest Property Holdings LTD • SA firm Umuthis listing on the London Stock Exchange is turning into a calamity • From Nairobi to Ningbo: See the supply shocks spanning globe • How China Plans to Avert an Evergrande Financial Crisis
Thought Leader Thursday The real history of the Afrikaans language
Prof Heinrich Willemse Professor in the Department of Afrikaans at the University of Pretoria, South Africa, Academic, literary critic, activist and author and editor-in-chief of the African literary journal Tydskrif vir Letterkunde
THE HEADLINES
An interesting story here on this eve of the Heritage Day. It’s about the newly-amended Liquor Products Act that came into effect last Friday, there are now strict production requirements that umqombothi or traditional beer merchants will have to abide by in order to stay on the right side of the law. To tell us more about this is:
Dipepenene Serage Chief director for inspection and quarantine services in the department of agriculture
BUSINESS WRAP
Zwelakhe Mnguni Chief Investment Officer & Co-Founder at Benguela Global Fund Managers
UNDER THE MICROSCOPE
THE Supreme Court of Appeal (SCA) today granted leave to appeal to AfriForum and Soli-darity Trade Union who argued that the minister of tourism was not legally entitled to use B-BBEE criteria as the main requirement to access emergency funds in the tourism sector. AfriForum approached the SCA to review the decision by the Department of Tourism to make relief funding available, subject to B-BBEE criteria, and to have it set aside.
To speak to us
It submitted that the restrictions imposed by the government in an effort to curb the spread of the coronavirus had had a devastating financial effect on the sector as a whole.
The national government established a Tourism Relief Fund of R200 million, and the min-ister issued a directive in order to provide one-off grant assistance for small businesses in the tourism industry to mitigate the impact of Covid-19.
In the directive, the minister included as a criterion for eligibility for funding the broad-based black economic empowerment (B-BBEE) status levels of applicants.
The central issue in the appeals was whether she was entitled to do so.
The minister argued that she had no choice but to do so and she was legally obliged by the B-BBEE Act.
The SCA found, however, that the ministers empowerment to make the directive was sourced in the Disaster Management regulations and not the B-BBEE Act. The result was that the grants were not grants in support of B-BBEE.
The SCA found that the minister had misinterpreted the B-BBEE Act and had been led by that misinterpretation to believe that she was legally obliged to include the status levels of an applicant for funds as a criterion for eligibility.
She had thereby committed a material error of law,” the judgment read.
The judgment further read that, as the R200m in the fund had been disbursed, little pur-pose would have been served in reviewing and setting aside the ministers direction.
Instead, following the setting aside of the court orders, the SCA issued a declaratory order to the effect that the minister was not legally obliged by the B-BBEE Act to make eligibility for assistance from the fund subject to the Tourism Sector Code and that her direction was unlawful.
Tech Conversations
A group of tech or digital advocacy organisation have released a white a white paper on the SA Start-up Act. It invites South Africans to have their say about what can be done to enable local start-ups to grow without hurdles. They include SiMODiSA (Secretariat), i4Policy, Endeavor South Africa, Silicon Cape, Savca, Loudhailer and The Digital Collec-tive Africa.
Joining me is
Matsi Modise
Vice-Chairperson of SiMODiSA and Founding CEO of Furaha Afrika Holdings
THE HEADLINES
A story I read recently of a gang group, Bafarasai, that has taken over Mamelodi in Tshwane…taking over from the Boko Haram group. Apparently, the gangster groups are terrorising the community over there.
The person who has been really following this story is:
Rapula Moatshe
Journalist - Pretoria News
BUSINESS WRAP
Make Masilela
Founder: Makwe Fund Managers
• Damninghigh court judgment sets aside Mining Charters re-empowerment obligations
• Absa's planned R9.4bn empowerment deal could put shares in the hands of black staff and investors
• Remgro LTD
• South Africa Court Rules Race-Based Tourism Fund Criteria Unlawful
SMME xChange Today we speak to an amazing entrepreneur. Tshililo Ramabulana, founder of Olive Black Invest. He started a dried fruit and processing facility whose products are used to make juice. He joins us Tshililo Ramabulana Founder: Olive Black Invest.
THE HEADLINES An interesting story here published by the Ground Up newspaper that dozens of residents in Mamelodi say they have spent their time doing voluntary patrols at train stations to pro-tect rail infrastructure from vandals and thieves.They say they expected to receive a sti-pend for the first three months and then to sign a two-year contract with the Passenger Rail Agency of South Africa (PRASA).But many months later, they have nothing. It’s a story we hope to really follow up. But to give us a background understand of what exactly is happening here is Mosima Rafapa Journalist - Group Up
BUSINESS WRAP Akona Mlamleli Portfolio Manager - 27Four Investment Managers • Grand Parade Investments LTD • Africa's tourism sector bled R1.2 trillion and nearly a third of its jobs during pandemic • Telkom SA • A Fifth of Nigerias Workforce Lost Their Jobs Because of Covid
The Department of Women, Youth and Persons with Disabilities
Every Monday The Department of Women, Youth and Persons with Disabilities (DWYPD) in partnership with the South African Women Lawyers Association (SAWLA) brings us this show to ensure the empowerment and participation of women, youth and persons with dis-abilities. This outreach programme seeks to empower women and youth through sharing of information, particularly on economic opportunities.
Tonight we are taking youth unemployment
Joining me
Joining us
Advocate Charlie Naidoo
SAWLA Free State Chairperson
SHOP STEWARDS CORNER
Amazon and its war on unions
Amazon, the biggest e-commerce company, has been accused on crushing unions and maximising profits and now, in Canada, The Teamsters Union has launched campaigns to organize employees in at least nine Canadian facilities of Amazon. The company is also coming to South Africa and its building its headqutoers in Cape Town.
To speak more about this relationship between Amazon and unions is
Mametlwe Sebei
President - Giwusa (General Industrial Workers Union of South Africa)
THE HEADLINES
It’s been reported that the ANC chairperson of the Electoral Committee (EC) Kgalema Motlanthe has spoken out on how factionalism between the CR17 and RET camps is killing the ruling party…as it is about to contest elections.
How will this affect the ruling party in the upcoming local government elec-tions and does it have what it takes to stop it?
To speak to us
Prof Tinyiko Maluleke
Political analyst - University of Pretoria
UNDER THE MICROSCOPE
RWANDA
A prominent member of the Rwandan refugee community in Mozambique, who had told police there was a plot to kill him, has been shot dead. Révocat Karemangingo had been a lieutenant in the Rwandan army that was overthrown in 1994 by forces led by President Paul Kagame. In Mozambique he became a businessman. The Rwandan government has been accused of targeting opponents living abroad and has consistently denied the allega-tion.
To speak to us
Izak Khomo
Producer / Presenter - Channel Africa
Tech Conversations
It is reported that car manufactures including Ford, Volkswagen and Daimler are still strug-gling to deal with the impact of the global chip shortage, with executives from each of the companies warning a lack of silicon is likely to remain a problem.Germanys Volkswagen, Europes largest carmaker, has lost market share in China as a result of the chip shortage.
And, it also reported that that the global chip shortage—which impacts everything from graphics cards to the PS5—was becoming a crisis.” And Toshiba is also warning that the shortage will continue for another year…
What’s behind all this?
Wesley Diphoko
Editor-in-Chief - Fast Company SA
THE HEADLINES
MNQUMA MUNICIPALITY
Two Mnquma local municipality directors presiding over fraud and corruption hearings against three managers in the municipality, are apparently living in fear after receiving a bullet each attached to their photos with a message that read: "You are next". The auto-matic rifle ammunition, photos of the men and the hand-written message on a piece of pa-per, were inside two brown envelopes dumped on the doorsteps of the officials' homes on Friday.
To give us a background to this story is
Loyiso Mpalantshana
Spokesperson - Mnquma Municipality
BUSINESS WRAP
Bandile Mathandela
Market analyst
• Growthpoint says almost 20% of its office space is empty
• Bain back in the fold at club of heavyweight companies
• Chinas Typhoon-Hit Ports Scramble to Reopen to Ease Backlogs
• First Rand LTD climate change policy
KULTURE TALK
The Centre for Multilingualism and Diversities Research (CMDR) at the University of the Western Cape and Heal the Hood Project (HTH, a community NGO) recently launched the Trilingual Dictionary of Kaaps (TDK) project. The Trilingual Dictionary of Kaaps (TDK) is a descriptive corpus project that will develop the first dictionary of Kaaps.
To talk more
Prof Quentin Williams
THOUGHT LEADER THURSDAY
Every Thursday we speak to amazing and accomplished people on their views on certain topics. We also touch on their backgrounds. We get inspired and we learn.Tonight our guest is Tambu Ndoro.
Tambudzai Ndoro is the Programme Manager of Womens Economic and Social Advance-ment (WESA) at Graca Machel Trust. She is best known for her many entrepreneurial en-deavours of owning and running 200-seater franchise restaurant (Siano Trading), to lead-ing Strategy Reviews (Ndoro Resources Pty) Ltd for regional organisations to designing African print women apparel online to customers locally and abroad (Tamar Designs). Tambu is also the Author of In the Sunken Galley: Memoirs of a Restauranteur. She also served as a part-time lecture for Financial Accounting at Womens University in Africa in 2012.
In 2010 Tambu received the DANIDA Emerging Leaders Scholarship Award and went on to complete a Sustainable MBA from Aarhus School of Business and Social Science, (2011) and BSC. Accounting from Montclair State University, New Jersey, USA (2003).
She joins me
Tambu Ndoro
Programme Manager of Womens Economic and Social Advancement (WESA) at Graca Machel Trust.
THE HEADLINES
The IEC today released its first quarterly report, in line with the provisions of the Political Party Funding Act. This is the first report since the promulgation of the Act and the Com-mission says it had six months within which to publicly issue this First Party Funding Dis-closes Report.
To speak to us
Mr George Mahalngu
IEC’s Head of Political Funding
BUSINESS WRAP II
Sanlam, which is Africas largest nonbank financial services group, says it will join Discov-ery in imposing mandatory Covid-19 vaccinations for all staff from 2022. It also did say that wont fire workers who refuse the jab. As you know, Discovery said recently that it would make it mandatory for all staff to be vaccinated against Covid-19 as of January 1 2022, with CEO Adrian Gore saying the company needed to take a stand to combat stubborn hesitancy that has hampered the countrys vaccination drive.
Now, there are possibilities that this might spread to other companies. And, even though as a country we need to be vaccinated but what are your rights as an employee?
To speak to us
• First, is it possible that this practise could spread other companies?
• Why is it important for these companies to do this?
• Those who make it mandatory, what are your rights as an employee?
• At the same time, what would be the rights of those vaccinated employees if you are un-vaccinated?
UNDER THE MICROSCOPE
CT LAND VS AMAZON
To speak to us
Tauriq Jenkins
Commissioner - Goringhaicona Khoena Council,
SMME xCHANGE
RUNNING A TOILET PAPER MANUFACTURING COMPANY
Toilet paper use is a daily need and what does it really take to run a manufacturing plant and taking it to the stores etc. Our guest is from Vibe Jive. They started in 2012 specializ-ing in producing quality toilet paper, gradually tapping into the Facial Tissue, Kitchen Tow-els, Cooking Salt and Bottled Water.
They currently manufacture 1 Ply Recycled, 1 Ply Virgin and 2 Ply Virgin and their prod-ucts are available at Walmart, Masscash, Massmart, Shield, Choppies, Malls, Local Spaza Shops, and other independent stores such as Premjee Cash & Carry, etc…
To speak to us
Mathaka Madzivhandila
Co-founder - Vibe Jive
THE HEADLINES
LIMPOPO DEPARTMENT OF EDUCATION
Yesterday we ran a story by our reporter Pimani Baloyi on Mugejwani Primary School at Mbhokota Village outside Elim in Limpopo. The SGB over there is ac-cusing the Department of Education of demanding the portion of meals given to learners be reduced. say the school was informed that there is a short supply of food.
Listen to this: CLIP
To understand this story better
Mr Matamela Matanga
Director: Special Projects in the Limpopo Department of Education
BUSINESS WRAP
Akona Mlamleli
Portfolio manager - 27Four Investment Managers
• Store-Age Property Reit LTD
• New Mtentu Bridge contract under adjudication by Sanral
• African Rainbow Capital results
• Corrupt Oil Trader Turns On Colleagues in Massive Africa Bribe Case
SHOP STEWARDS CORNER
(Play last wee’s voice note first)
PUBLIC SECTOR WAGE NEGOTIATIONS - THE UPDATE
A wage agreement between South Africas government and civil servants for the 2021/22 fiscal year will cost about R20 billion, the National Treasury said recently (about 2 weeks ago). The government and public sector employees struck a one-year deal in July for a 1.5% salary increase plus a cash payment after several months of negotiations.
What’s the latest on this and what are the expectations of the public servants in the up-coming medium term budget?
To speak to us
Mugwena Maluleke
Cosatu's chief negotiator
BUSINESS WRAP
Sinesipho Maninjwa
CA and market analyst
• Vodacom Group in Ethiopia
• Fairvest Property Holdings
• Famous Brands Limited
• Global capex boomsAs companies prepare for post-pandemic era
BUSINESS WRAP
Makwe Masilela
Founder:Makwe Fund Managers
• Financial regulator fines Viceroy R50m over Capitec report
• Retrenchment of Coca-Cola staff allowed, Tribunal rules
• Momentum Metropolitan Holdings
• Australian farm worker crisis deepens as lockdowns drag on
UNDER THE MICROSCOPE
A new report by the Africa Earth Observatory Network (Aeon), says the artisanal, small and junior diamond mining industry has been shrinking since 2004, when the Mineral & Petroleum Resources Development Act was introduced. It says, in 2005, total SA diamond production amounted to about 15.96-million carats with a revenue of $1.32bn (R18.8bn), but by 2019 production had dropped to 7.18-million carats and revenue to $873m, repre-senting a decrease of 55% in volume and almost 34% in value.
To talk to us
Sinazo Dlakavu
Researcher at Africa Earth Observatory Network (AEON) - Nelson Mandela University
THE HEADLINES
Joao Rodrigues, the man charged with the murder of activist Ahmed Timol in 1971 died today. He was an apartheid-era security police officer. His lawyer Ben Minnaar said today - as a result of Rodriguesdeath, the criminal case cannot proceed.
To speak to us
Imtiaz Cajee
Ahmed Timol’s nephew and the author of the books,
BUSINESS WRAP II
SAs economy expanded just 1.2% in the second quarter of 2021 with the transport, stor-age and communication industries making the biggest contribution.
To talk to us:
Risenga Maluleke
Statistician-General
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager 27Four Investment Managers
• VW CEO fears chips will be in short supply for years to come
• GDP expands a paltry 1.2% in second quarter
• Shoprite Holdings results
• Zimbabwe says state employees must get Covid-19 vaccine or resign
The Department of Women, Youth and Persons with Disabilities
Every Monday The Department of Women, Youth and Persons with Disabilities (DWYPD) in partnership with the South African Women Lawyers Association (SAWLA) brings us this show to ensure the empowerment and participation of women, youth and persons with dis-abilities.
This outreach programme seeks to empower women through sharing of information, par-ticularly on economic opportunities.
Tonight we are taking “local content policy”.
Joining us
Advocate Charlie Naidoo
SAWLA Free State Chairperson
SHOP STEWARDS CORNER
Recently, a NUMSA organiser in the platinum belt, Malibongwe Mdazo, was assasinated
on the steps of the Commission for Conciliation, Mediation and Arbitration (CCMA) in Rus-tenburg. This has unsettled workers on the platinum mines in the area.
To speak to us
Mamokgethi Molopyane
Mining and labour analyst.
THE HEADLINES
The IEC said today it has undertaken measures to ensure they comply with the Constitu-tional Court order. It also announced that the weekend of 18 and 19 September will be used for registration. It also said political parties and independent candidates will nominate candidates after registration weekend.
To speak to us
Dr Nomsa Masuku
Commissioner - IEC
BUSINESS WRAP II
The economics of a coup
Guinea's special forces yesterday ousted President Alpha Condé is currently held in mili-tary detention. The West African country is rich with minerals include bauxite, diamonds, iron ore and gold.
What are economics of this coup?
Joining me is:
Advocate Sipho Mantula
Researcher at the Thabo Mbeki African School for Public and International Affairs
BUSINESS WRAP
Sinesipho Maninjwa
Market analyst and CA
• Alexander Forbesshareholders oppose remuneration policies
• Bidvest financial results
• RCL Foods Limited
• South Africa sets rule to lower sulfur in diesel fuel by 2023
KULTURE TALK
The work and influences of Buhle Ngaba
Buhle is a multi-award winning actor, writer and theatre activist.She studied Acting and Contemporary performance at Rhodes University and Processes of Performance at the University of Leeds (UK).
She joins me
Buhle Ngaba
THOUGHT LEADER THURSDAY
Professor André Odendaal.
Former sportsman, historian, and newly-appointed Writer-In-Residence at UWCs Centre
THE HEADLINES
The State Security Agency (SSA) has distanced itself from reports claiming ANC MP Xiao-mei Havards alleged involvement in sharing intelligence information about South Africa with the Chinese Communist Party. According to newspaper stories, SAs counter-intelli-gence unit has raised concerns about the matter.State Security Deputy Minister Zizi Kodwa referred to the claims as wild allegations”.
What does an intelligence report looks like?
Joining me is
Jasmine Opperman
Independent terrorism expert and security analyst
BUSINESS WRAP II
Low cost airlines like Lift, Kulula and FlySafair are introducing a premium section (busi-ness class in a bid to lure more passengers. And, as you also know this month we see the return of Kulula and SAA to the skies.
To talk more about this industry is
Ofentse Mokwena
Lecturer and transport economist - North West University
BUSINESS WRAP
Bandile Mathandela
Market analyst
• Discovery Orders Employees to Get Vaccinated
• Climate protesters target JPMorgan's London offices, cracking windows with hammers
• Santam Limited
• Impala Platinum Holdings
UNDER THE MICROSCOPE
The Southern African Alcohol Policy Alliance South Africa (SAAPA SA) is calling for anan immediate halt on the sale of alcohol at petrol station forecourt shops. BP is the first fuel retailer granted a liquor licence in South Africa. BP in partnership with Pick n Pay, an-nounced plans to sell wine through its Pick n Pay Express forecourt convenience stores.
To speak to us
Maurice Smithers
SAAPA SA Director
TECH CONVERSATIONS
Joining us our tech slot tonight is a young and innovative entrepreneur who is making an impact in the food on demand delivery service. He is also very much much involved in e-learning. Delivery Ka Speed is a food delivery service for Ekasi. We believe in bringing ac-cessibility to townships and elevating the Kasi lifestyle. They are currently around Ham-manskraal in Tshwane
Joining me is
Godiragetse Mogajane
Founder - Delivery Ka Speed
BUSINESS WRAP
Makwe Masilela
Founder and Chief Investment Officer - Makwe Fund Managers
• Home improvement boom disrupted by unrest as Cashbuild sees 10% decline in reve-nue
• Months after failing to sell Timbercity, Pepkor calls it quits on franchises
• Cosatu calls on government to address industrial cannabis production
• Takatso denies rumour that Global Aviation is pulling out of SAA equity partnership
THE HEADLINES
VOICE NOTE: 079 191 4270
It is reported that one of the oldest casinos in SA, the Wild Coast Sun, has its license ex-piring today and it maybe illegal to for gambling over there from tomorrow.
Apparently, The 10-year gambling licence for the resort expired in August 2019 and for the past two years the Eastern Cape Gambling Board has granted temporary extensions that allowed it to keep operating.
To comment on this:
Unathi Henama
Tourism lecturer - Tshwane University of Technology
BUSINESS WRAP II
Business Unity South Africa, BUSA, has announced that Prof Bonang Mohale and Adrian Gore were on Monday elected to lead Business Unity SA. Mohale and Gore were elected president and deputy president of Busa, respectively.
Joining me
Prof Bonang Mohale
President - Busa
BUSINESS WRAP
Akhona Mlamleli
Portfolio Manager - 27Four Investment Managers
• Brimstone Investment Corporation Limited
• Adapt IT voluntary trading update
• Return emergency Covid-19 spectrum by the end of November, Icasa tells telecom oper-ators
• Bidvest to sell Cannon to asset managers former employees
SHOP STEWARDS CORNER
MIGRANT DOMESTIC WORKERS
Every Monday since the beginning of the Women’s month we’ve been highlight struggles faced by domestic workers in South Africa. We spoke about COIDA and UIF, rights and and responsibilities of hiring a domestic worker, the history of domestic workers in South Africa. And, tonight we are tackling another part of the South African industry - hiring a for-eign national as a domestic worker.
To speak to us
Maggie Mthombeni
Co-Founder and case manager, Izwi Domestic Workers Alliance
And
Tim Hodgson
Legal adviser, International Commission of Jurists
THE HEADLINES
VOICE NOTE: 079 191 4270
NEW COVID-19 VARIANT
A new Covid-19 variant has been detected. Apparently, it could spread more quickly than its predecessors and be more adept at evading vaccines. It was first detected in here in South Africa, but has also been found in places as far apart as New Zealand, the UK, Mauritius, Portugal, Switzerland and China. It’s called C.1.2.
To speak to us
Dr. Richard Lessells
Infectious Disease specialist at the KwaZulu-Natal Research Innovation and Sequencing Platform (Krisp) at the University of KwaZulu-Natal (UKZN)
BUSINESS WRAP II
Tourism is one of the sectors that has been severely affected gy Covid-19. It’s a sector that is still trying to recover. A new non-profit organisation has been formed that aims to assist small businesses in that sector. The Small Tourism Enterprise Association.
To speak to us
Percy Koji
CEO - The Small Tourism Enterprise Association
Sinesipho Maninjwa
CA and market analyst
• Tiger Brands sells minority interest in UAC Foods Nigeria
• Royal Bafokeng, Black Panther group buy stakes in Dis-Chem
• Sun International results
• China aims to add 55 million urban jobs by 2025 and cap the unemployment rate at 5.5%
KULTURE TALK
The work and influences of Helena Uambembe
Helena was born in South Africa to Angolan parents who fled the civil war. Her father was a soldier in the 32 Battalion, a military unit within the South African Defence Force mainly made up of black Angolan men. The 32 Battalion and her Angolan heritage are dominant themes in her work, in which she explores narratives surrounding the Battalion, interweav-ing connected symbols and archival material.
We catch her from Luanda, Angola, where she part of a residency program called Effin’ Globo (Fuckin’ Globo).
Helena Uambembe
Artist
THOUGHT LEADER THURSDAY
Dr Zine Magubane
Associate Professor of Sociology in the Morrissey College of Arts and Sciences at Boston College
THE HEADLINES
VOICE NOTE: 079 191 4270
The E-Hailing industry Drivers comment
Last night on our tech slot we spoke to Didi, the new addition to the SA’s e-hailing indus-try. It’s a Chinese born company available in over 17 countries.
I spoke to Carina Smith-Allin, DiDis Head of PR and Communications for Sub-Saharan Af-rica and we received a huge feedback from the drivers and some of them wanting to re-spond.
This is what Carin said….Audio
To comment is:
Vhatuka Mbelengwa
Founder - Public Private Transport Association
BUSINESS WRAP II
SAA is set to resume its flights servicing the Johannesburg-Cape Town route and five other African regional destinations as of September 23. As you know, SAA has been grounded for months and sometime this year, Takatso consortium bought 51% of the air-line.
To speak to us
Thomas Kgokolo
Interim chief executive - SAA
Under The Microscope
Stats SA yesterday revealed that The Eastern Cape leads the stats as the province with the highest unemployment of 47.1% in the country. It is followed by the Free State (35%) and Gauteng (34%), according to the Quarterly Labour Force Survey released by Stats SA on Tuesday.South Africa's headline unemployment rate hit a record high of 34.4% in the second quarter from 32.6% in the first three months of the year.
What are some of the programmes the Eastern Cape government is implementing?
To speak to us
Ms Boniswa Koneti
• Reaction to Stats SA
Tech Conversations
Chinese-based ride-hailing service DiDi Chuxing otherwise known as DiDi anfinally launched here in Gauteng this week. This follows launches in Cape Town and Gqeberha earlier this year.
Founded in 2012, DiDi is a Chinese vehicle-for-hire company headquartered in Beijing, with over 600 million users and tens of millions of drivers. It is available in 17 countries and five continents, with the most recent launches being SA, Ecuador, and Kazakhstan.
Joining me is
Carina Smith-Allin
DiDis Head of PR and Communications for Sub-Saharan Africa
THE HEADLINES
VOICE NOTE: 079 191 4270
Illegal Miners war
A story that keeps coming of this fead between illegal miners, some call them zama-za-mas, is back again. Sowetan reports that at least seven people have been killed, five of them on the same night, in a Johannesburg informal settlement in what is believed to be an ongoing feud between illegal miners. This apparently happened on Sunday.
A person who has been following this story
Promise Marupeng
Journalist - Sowetan
BUSINESS WRAP II
Stats SA says it has finalised a comprehensive overhaul of its national accounts and the latest gross domestic product (GDP) rebasing and benchmarking exercise has resulted in an upward revision in the size of the economy, as well as changes to the composition of the supply and demand sides of economic activity.
The revised GDP at current prices shows that the economy is 11,0% larger in 2020 than previously estimated.
To break it down
Michael Manamela
Chief Director Responsible for National Accounts - Stats SA
BUSINESS WRAP
Makwe Masilela
Chief Investment Officer and founder; Makwe Fund Managers
• Richards Bay Minerals restarts operations, but force majeure remains in place
• Adcock Ingrams Holdings results
• China Reopens Terminal at Worlds Third-Busiest Port
• South Africa Crafts Strategy for $1.9 Billion Cannabis Industr
SMME xChange
Our guest tonight is a woman who is making an impact in the construction sector.
Mokgadi Letsoalo-Melwa is the founder of Buildfix, a construction company that focuses on property restorations, maintenance for insurance companies and banks. Her business also supplies building material solutions called Buildkit.
She joins me on the line
Mokgadi Letsoalo-Melwa
Founder: Buildfix
THE HEADLINES
VOICE NOTE: 079 191 4270
HIGH UNEMPLOYMENT
Stats SA released the Quarterly Labour Force Survey (QLFS) for the second quar-ter today. Unemployment has hit a record high of 34.4%, or 7.8 million jobless peo-ple. It is the highest unemployment rate recorded since the survey started in 2008.
Later I’ll be speaking to the Statistician General. This is what he said earlier
Audio: Rising Maluleke
But, for now we ask, what needs to be done? Joining me to talk on employment
Ebrahim-Khalil Hassen
independent public policy analyst and founder of ZAPrenuer
BUSINESS WRAP
Akona Mlamleli
Portfolio Manager at 27Four Investment Managers
• Unemployment hits record 34.4% in second quarter of 2021
• State-owned chicken producer Daybreak Farms withdraws defamation claim against Me-dia24
• Land Bank seeks support for split to repay debt
• South Africans face supply issues around contact lens solution
The Department of Women, Youth and Persons with Disabilities
This show is brought to you by The Department of Women, Youth and Persons with Disa-bilities (DWYPD) in partnership with the South African Women Lawyers Association (SAWLA).
Joining us
Advocate Charlie Naidoo
SAWLA Free State Chairperson
SHOP STEWARDS CORNER
Since the beginning of the Women’s month we’ve been running a series on domestic workers. We started with he history of domestic workers in SA, and last we touched on COIDA and tonight we talk about, “Employing a domestic worker”, the rights and responsi-bilities of employers.
What would be your question regarding employing a domestic worker? Give me a call or send me a voice note.
Joining me is
Amy Tekie,
Co-Founder, Izwi Domestic Workers Alliance; Co-author of “Employing Domestic Work-ers”
And
Kelebogile Khunou
Researcher, SERI; Co-author of “Employing Domestic Workers”
BUSINESS WRAP II
The Green Paper on Comprehensive Social Security and Retirement Reform that was published in the Government Gazette recently by Minister Lindiwe Zulu, Minister of Social Development.
Apparently, the government wants to introduce a mandatory pension and insurance sys-tem that will see employers and employees paying up to 12% of their earnings into a state-run national social security fund (NSSF).
To comment on this
Bheki Ntshalintshali
Cosatu General Secretary
BUSINESS WRAP
Sinesipho Maninjwa
CA and market analyst
• Financial watchdog suspends licence of JSE competitor ZAR X
• Shoprite Holding LTD trending statement
• Murrey & Roberts trading statement
• China Starts Probe Into Party Boss of Alibaba’s Home City
KULTURE TALK
WeAreDyingHere - a short film.
WeAreDyingHere chronicles the journey of three soldiers forced to survive in a war that they did not choose. As the war against women rages around them, they attempt to find solace to process their pain under the constant threat of their enemy lurking in the shad-ows. #WeAreDyingHere engages directly with the violent culture of harassment, abuse, rape, and femicide, it is a necessary pause, an exhale, and insight into the experience of living as a woman.
Audio: - Trailer
To speak to us
Siphokozi Jonas
Producer
BUSINESS WRAP II
Burger King and the Competition Commission
About two months ago the Competition Commission prohibited a proposed takeover of Burger King here in SA by an international private equity fund over lack of black owner-ship. Now, it seems the deal ison the cards after the parties agreed to a revised set of con-ditions.
To understand it better;
Bakhe Majenge
Chief Legal Counsel - Competition Commission
BUSINESS WRAP II
Women in the plumbing industry
It is said out of 126 000 registered plumbers in South Africa, only 10 000 are women. How can we bring more women to this industry and why it’s so important to do so?
Joining me is:
Jabulile Nkosi
Founder of Mellita trading and inspection auditor for IOPSA (The Institute of Plumbing South Africa)
TECH CONVERSATIONS
The Hague Institute for Innovation of Law (HiiL) has selected four Southern Africa start-ups for the 2021 edition of the Innovating Justice Challenge. Based in The Hague, Nether-lands, since 2005, HiiL aims to provide for people's justice needs worldwide using creativ-ity, knowledge and innovative solutions.
Congratulations to Legal Fundi, Legal Ascend, Molao365 and Kleva Contracts for being selected.
Tonight we speak to:
Gugu Gumede
Attorney at Ndlovu Gumede Attorneys and founder: Molao365
And
Varonique Philander
Attorney at Chaya Legal and founder: Legal Ascend
UNDER THE MICROSCOPE
THE NORTH WEST PREMIERSHIP
The ANC in the North West announced yesterday that Bushy Maape as the new premier-elect. The ANC interim head Hlomane Chauke said Maape’s deployment followed the in-terviews of three candidates whom the interim-provincial committee recommended to the national structures. Premier Job Mokgoro is expected to step down.
Audio: Opposition parties react to Jo Mokgoro sacking
To talk more
Prof Barry Hanyane
Political analyst and Associate Professor - North West University
THE HEADLINES
VOICE NOTE: 079 191 4270
INFORMAL TRADERS
A couple of days ago we saw the Joburg Metro Police Department confiscating goods that belong to the street traders here in Joburg CBD. It’s not really for the first time. It seems it was still happening even today (check the tweet https://bit.ly/2XCIgSV)
What are the issues and how can these be resolved?
Joining me is
Lulama Mali
Chairperson - Johannesburg informal Traders Platform
UNDER THE MICROSCOPE THE ZAMBIAN ELECTIONS Business tycoon and opposition leader Hakainde Hichilema was declared winner of Zam-bia’s hotly contested presidential election, defeating incumbent Edgar Lungu. With 155 of 156 constituencies reporting, official results on Monday showed Hichilema had secured 2,810,757 votes against Lungu’s 1,814,201. The significant win sparked celebrations on the streets after an election marred by spo-radic violence. To comment Lebohang Pheko Political economist
SMME xChange Today’s entrepreneur is a Limpopo-based bio-diesel entrepreneur and a small-scale farmer. Originally from Ekurhuleni but decided to move to Ga-Mphahlele to fulfil her dreams. She joins us Hope Mapheto Founder: GreatFuel and RMT Seedlings
THE HEADLINES VOICE NOTE: 079 191 4270 AFGHANISTAN Kabul remained tensely calm today as the Taliban declared an “amnesty” across Afghani-stan and urged women to join its government days after the armed group took over the country. The Taliban tried to reassure nervous people in the capital city, many of whom converged on the airport trying to flee the country, fearing more violence. Today, Kabul’s international airport, the only way out for many, reopened to military evac-uation flights under the watch of US troops. Commercial flights still remain suspended. To chat more: Irfan Yar Founder and managing director of the Afghanistan Security Institute
BUSINESS WRAP Akona Mlamleli Portfolio Manager at 27Four Investment Managers
• Homechoice International results • Afghan central banker flees, currency plummets amid Taliban takeover • China tech stocks slump as nation issues draft competition rules • SA’s first saffron season a success
The Department of Women, Youth and Persons with Disabilities (DWYPD) As part of the efforts to build social cohesion and develop a social compact to transform society, the Department of Women, Youth and Persons with Disabilities (DWYPD) contin-ues to prioritise stakeholder engagement and community outreach on the realisation of women’s empowerment, youth development and the progressive realisation of the rights of persons with disabilities. Joining us Maite Nkoana Mashabane Minister in the Presidency for Women, Youth and Persons with Disabilities
SHOP STEWARDS CORNER This month we have been running a series on domestic workers as part of the Women’s Month. Tonight we are focusing on The Fight for COIDA and UIF: the importance of so-cial protections. What have been your challenges registering your domestic worker for Coida? - Voice note Joining us Pinky Mashiane, President, United Domestic Workers of South Africa
And Vuyo Mafata Compensation Commissioner at the Compensation Fund
MARIKANA What would you like to see regarding Marikana? 089 110 3377 or WhatsApp voice note. Today’s the commemoration of the Marikana tragedy or massacre. It’s been 9 years. 34 miners were killed and 78 seriously injured when the police opened fire on protesting miners. To speak more Joseph Mathunjwa AMCU President
BUSINESS WRAP Sinesipho Maninjwa CA and market analyst • Implats expects full-year profit to double due to higher metals prices • KZN unrest: Workers can get up to R6 700, affected businesses must register now • Zambian eurobonds jump most in 17 months • South Africa courts investors to revive state owned p
KULTURE TALK The work and influences of Lunga Ntila Lunga Ntila (b. 1995) is a fine art photographer whose work is marked by storytelling, iden-tity and deconstruction. As a conceptual photographer, she makes use of a practice that brings together self-portraiture and collage making. The work that she creates is a melding pot of all the images, sounds and feelings that she has come across that she now uses as reference points in her work. Her current exhibition, God Among Us is currently at the BKhz Gallery until 11 09 2021 She joins us Lunga Ntila Artist
THOUGHT LEADER Dr Zakeera Docrat Postdoctoral Research Fellow in Forensic Linguistics/Language and Law at the University of the Western Cape.
THE HEADLINES VOICE NOTE: 079 191 4270 089 110 3377 Members of the Treatment Action Committee (TAC) have marched, for the second time, to the Gauteng premier’s office to try to speak to David Makhura and health MEC Dr No-mathemba Mogkethi about what they call is the collapsing provincial healthcare system. They slept over there (outside the offices last night). Apparently, they were supposed to meet up with Premier Makhura and the Health MEC today. Let’s find out if that meeting did take place Sibongile Tshabalala TAC national chairperson
BUSINESS WRAP II Pepkor and Cashbuild have called off the potential R1.1bn sale of The Building Company (TBC) after failing to get approval from competition authorities, putting an end to a sale. To speak to us Tamara Paremoer Divisional Manager: Mergers and Acquisitions - Competition Commission
BUSINESS WRAP Orin Tambo Senior Investment Analyst at 27four Investment Managers
• MTN closes in on tower deal amid wider breakup • Cashbuild forced to can The Building Co acquisition from Pepkor • Lockdown and looting beneficial for Italtile • Gates-Backed Startup for Electric Grid Data Helps Boost Renewables
UNDER THE MICROSCOPE
FoodWastage
A new study by the Council for Scientific and Industrial Research (CSIR) shows that 45% of the available food supply in SA is wasted, pointing to high levels of inefficiency in the food value chain while there is increasing food insecurity in the country. The study indicated that an estimated 10.3-million tonnes a year of edible food, earmarked for human consumption in SA, did not reach the human stomach. Researchers said this was equivalent to 34% of local food production, but because SA was a net exporter of food, the losses and waste were equivalent to about 45% of available food supply in the country. To talk to us Prof Suzan Oelofse Principal researcher at the CSIR
TECH CONVERSATIONS
WomenInCyber
Tonight on our we highlight women who are working in the Cyber sector. A recent report by Deloitte says heightened workloads and household responsibilities during the COVID-19 pandemic are driving deep dissatisfaction among many women in the work-force, according to a Deloitte Global report, Women @ Work: A global outlook. The report finds that these increased responsibilities are having detrimental impact on working women as 57% of those surveyed in South Africa are less optimistic about their career prospects. Joining us Nombulelo Kambule Associate Director Cyber – leader for extended enterprise risk management
THE HEADLINES VOICE NOTE: 079 191 4270 089 110 3377 President Ramaposa at the State Capture Commission President Ramaphosa once again appeared before the State Capture commission to ac-count for his time as the Deputy President and the President of the country. If you remem-ber, previously, he appeared as the President of the ANC. He made an opening statement and also told the commission what he knew regarding some decisions at Transnet, Prasa, Eskom etc. He is back there tomorrow… To talk more Lebohang Pheko Political economist at Trade Collective
BUSINESS WRAP Roy Mutooni Portfolio Manager and Analyst at Absa Asset Management • Denel confident of recovery if it gets state bail out • Nedbank Group • Will the pandemic productivity boom last? • Record number of new company registrations in 2020 is a distress signal
SPONSORED FEATURE VOICE NOTE: 079 191 4270 Department of Women, Youth and Persons with Disabilities (sponsored - 15 min) As part of the efforts to build social cohesion and develop a social compact to transform society, the Department of Women, Youth and Persons with Disabilities (DWYPD) contin-ues to prioritise stakeholder engagement and community outreach on the realisation of women’s empowerment, youth development and the progressive realisation of the rights of persons with disabilities. This show is brought to you by The Department of Women, Youth and Persons with Disa-bilities (DWYPD) in partnership with the South African Women Lawyers Association (SAWLA). We are glad to be joined by Advocate Charlie Naidoo who is from the South African Women Lawyers’ Association. Together with The Department of Women, Youth and Per-sons with Disabilities, we will host shows on the important topic of women’s economic em-powerment. She joins us Advocate Charlie Naidoo SAWLA Free State Chairperson
SHOP STEWARDS CORNER VOICE NOTE: 079 191 4270 As part of the Women’s Month, this whole month we are going to run a series of conversa-tion on domestic workers with different voices. Tonight, we look at the history and nature of domestic workers in South Africa.
Dr Refiloe Lepere
THE HEADLINES VOICE NOTE: 079 191 4270
TheWomen’sDay
President Cyril Ramaphosa has made a call to South African women to lead the struggle for a society that is free of inequality, discrimination, marginalisation, poverty and violence and the patriarchal relations that cause them. He was delivering a speech on the on the 65th anniversary of the anti-pass women's march to the Union Buildings. What are the some of the key issues that remain unresolved when it comes to women and women empowerment in South Africa? To speak to us Itumeleng Mafatshe Researcher
BUSINESS WRAP Makwe Masilela Founder: Makwe Fund Managers • Eskom confirms explosion at Medupi, no injuries reported • Troops eject rebels who besieged Total’s Mozambique LNG project • Uber Nigeria Partner Raises $23 Million to Lend to Drivers • e.tv owner launches online streaming service
KULTURE TALK
Leanetse Seekoe
Playwright, actress, dancer, language activist.
She is the writer and director of the play, Ruth, which has won a Silver Ovation Award at the 2021 National Arts Festival.
THE HEADLINES
VOICE NOTE: 079 191 4270
ANGLO-AMERICAN VS FAMILY
A family has taken Anglo American to court for what they say its their failure to to honour a 2006 agreement the family had with the before mining on their land. The first applicant is the Johannes Masubelele Development Project and the second applicant is the Mapela Concern Residents vs Anglo Platinum Mine.
The gentleman we are about to speak tweeted today….
“We have been negotiating with Anglo American Platinum since 2020 , all they did was to play dirty games. First, I challenge them to make public, their mining license for
the Mogalakwena open-pit platinum mine, the largest in the world.”
He went on to say “That structure there is built on a piece of land which my family owns. We still reside there, just a few meters away….
We know Politicians who sold us out.
Were they paid millions in return? Only God knows. We never received a cent from them since 1993, while making R3 million an hour, on our land”.
To speak to us
Oscar Masubelele
Family spokesperson
Pitso Tsibolane
Senior lecturer in the Department of Information Systems at the University of Cape Town (UCT) and an associate of the Centre for IT and National Development in Africa (CITANDA).
UNDER THE MICROSCOPE
VOICE NOTE: 079 191 4270
UNDER THE MICROSCOPE
The National Union of Metalworkers of SA (Numsa) yesterday called Numsa has threat-ened a ‘mother of all strikes’ in steel and engineering sector. It called on its its more than 360,000 members to prepare for a strike that could see workers in the automotive industry, component supplies, tyre sector, mining, aviation and all ports joining in solidarity.
Joining us
Phakamile Hlubi-Majola
Numsa National spokesperson
THE HEADLINES
SERNICK AGRICULTURAL COMPANY RESPONDS
Yesterday we spoke about the story that was done by SABC News reporter Makgala Masiteng of the workers in at the Sernick Agricultural company in Edenville in the Free State accusing management of discriminating against Black workers. They say there are salary inequalities and workers who get injured at work are dismissed unfairly.
Joining us
David Niemann
Director - Sernick Group
BUSINESS WRAP
Make Masilela
CIO - Makwe Fund Managers
• UN criticises UK for failure to redress colonial-era landgrab in Kenya
• Telkom SA trading update
• MultiChoice yet to receive official notification of massive Nigerian fine
• Piracy Surge in Atlantic a Boon for South African Boat Builder
UNDER THE MICROSCOPE
What does it really mean to be a Black Conservative and do we really have that in South Africa? What role does it play in our democracy?
Dr Siphiwe Dube wrote in his recent article that despite its rich history of left politics, South Africa is not shielded from the rise of the type of black conservatism ripping through the US, as well as the UK, Canada and parts of northern Europe.
He joins us
Dr Siphiwe Dube
Senior lecturer and former head of political studies at Wits University
SMME xChange
We continue to speak to small businesses that have been affected by the recent unrest. Last week we spoke to two businesses, one here in Ekuruleni and another in Pietermaritz-burg. We are trying to find out how are these businesses rebuilding after what happened to them.
Tonight we are joined by;
Thandi Johnson
TWJ Partyland shop, Diepkloof Square in Soweto
And
Nokukhanya Makhathini
Stepping Stones Technologies, Dube Village Mall, Inanda, KZN
THE HEADLINES
Eskom announced yesterday that Unit 1, the last of six generation units at Medupi has been completed. It also said the milestone marks the completion of all building activities on the 4,764MW project. It’s been a long road for Medupi since 2007 and has faced numer-ous challenges…
To speak more;
Sikhonathi Mantshantsha
Eskom spokesperson
BUSINESS WRAP
Sinesipho Maninjwa
CA and market analyst
• Jack Ma’s Ant Sees Profit Slide 37% After Regulatory Setback
• Royal Bafokeng Platinum interim results
• Omnia Holdings LTD
• Labor Board Official Backs Union Challenge on Amazon Vote
KULTURE TALK
The work of Kurt Orderson
RastaFari. award winning filmmaker ll visual artist ll sociology fellow at Johns Hopkins University 2020
Kurt Otabenga Orderson is an award-winning filmmaker from Cape Town, whose work has been featured on Al Jazeera, SABC, ESPN, ZDF, and HULU. He has worked on six continents and has directed and produced over ten feature documentaries screened at international film festivals, universities, and colleges. Kurt is the founder of Azania Rizing Productions, a company that aims to inspire young people through creative storytelling about Africa and African Diasporas.
He joins us
Kurt Orderson
Filmmaker
THOUGHT LEADER
The South African Communist Party, SACP, is celebrating a centenary. It was established on 31 July 1921 as the The Communist Party of South Africa and later renamed to the SACP we know today. It is regarded as one of the first Marxist-Leninist parties on the continent, and among the oldest surviving parties in the world.
To talk more about this journey is:
Dr Alex Mashilo
SACP Central Committee member
BUSINESS WRAP
Makwe Masilela
CIO - Makwe Fund Managers
Imperial eyes R4.4bn takeover of Africa-focused J&J Group
South Africa Mulls Stake in Lender as it Covets a State Bank
Discovery Life might charge unvaccinated people more for new policies
SA property, retail firms bet on townships despite unrest
Today, Treasury has announced a R39bn package to provide relief to the poor and to support business. It said the package will be funded by higher-than-expected tax revenue, with R36.3bn being new money and R2.65bn from adjusting the budgets of the departments of trade, industry and competition, and small business development.
To speak to us
Isaah Mhlanga
Chief Economist- Alexander Forbes
TECH CONVERSATIONS One of the biggest stories on the African continent especially in the tech space is that of Yoco who recently raised about R1.2bn in major funding. They say this will assist in accelerating product development and reach more merchants in South Africa and beyond. It is regarded as the the largest single investment ever raised by a South African payments company and one of the largest on the continent Yoco was founded in 2014 by four friends — Katlego Maphai, Carl Wazen, Bradley Wattrus, and Lungisa Matshoba. Joining us is Katlego Maphai CEO - Yoco
BUSINESS WRAP Bandile Mathandela Market analyst Treasury’s R39bn relief package won’t require additional debtThe 29 year old South African unraveling the multibillion-rand Africypt theft Bonitas records biggest surplus in its history due to people staying away from hospitalsCoca-Cola 'back on track' after production losses during unrest
UNDER THE MICROSCOPE
Mango Airlines business rescue
Khaya Magaxa
Chairperson- Portfolio Committee on Public Enterprises
SMME xChange
BUSINESSES RECOVERING FROM RIOTS
Nonkululeko Mdluli
Founder: Mdluli Optometrist (Ekurhuleni)
And
Sabelo Vilakazi
Founder: Capital Legacy, Micro Loans and AfriHerbal Pharmacy (PMB)
Owen Nkomo
Founder: Inkunzi Emnyama Investments
South Africa Port Operator Declares Force Majeure Over Cyber Attack
SA’s Yoco raises R1.2bn in major funding round
Surging Copper Propels Zambia’s Currency to World Beating Streak
Mango suspends flights over money owed to air traffic management firm
SHOP STEWARDS CORNER
The Southern African Clothing and Textile Workers' Union (Sactwu) said a number of fac-tories had been burnt in KwaZulu-Natal due to the unrest that took place over there. It also expressed fear that thousands of jobs in factories that have been burnt down will be lost permanently.
Mr Mbaliyezwe Nxumalo
SACTWU's KZN Provincial Secretary
Eastern Cape Parks & Tourism Agency (Sponsored)
As much as Covid-19 and lockdown regulations have adversely affected visitor numbers to the province, the Eastern Cape Parks & Tourism Agency (ECPTA) together with the East-ern Cape tourism sector recognize the importance of forging ahead with new innovations and experiences to keep tourism top of mind as well as to ensure responsible and safe tourism offerings.
:
Mr Vuyani Dayimani
CEO - Eastern Cape Parks & Tourism Agency
BUSINESS WRAP
Sinesipho Maninjwa
CA and market commentator
• Mango Airlines enters business rescue
• Tiger Brands recalls 20-million cans of vegetable products
• Anglo Platinum pays record dividend as commodity prices skyrocket
SOUL CITY
This show is brought to you by Soul City Institute in partnership with Pegg Enter-tainment in Kenya
Soul City Institute celebrated Mandela day by hosting a webinar with some of South Af-rica’s key influencers to reignite hope and patriotism in South Africans. With everything that has been happening in our country, we need to keep South Africans committed to a South Africa that we dreamt about at the dawn of Democracy.
Letfreedomreign
Shematters
To talk more
Phinah Kodisang
CEO - Soul City Institute
THOUGHT LEADER
The Fort Calata Foundation recently released a press statement saying -
On 20 July 1985, South Africa saw one of its largest political funerals when Fort Calata, Matthew Goniwe, Sparrow Mkonto and Sicelo Mhlauli were buried in Cradock, in the East-ern Cape. Today, 36 years later, Lukhanyo Calata, the son of Fort Calata marks that dark day in South Africa’s history by filing a legal application with the High Court in Pretoria. The application seeks the following relief on behalf of the Cradock 4 families: To compel the National Police Minister, Bheki Cele, and National Police Commissioner, Khehla Sitole, to ensure that the Directorate for Priority Crimes (Hawks) finalise their investigations into the murders of the Cradock Four within 30 days of the court’s order.
Lukhanyo Calata
Journalist, activist and co-author of the book, “My Father Died for This“
Roy Mootoni
Portfolio Manager and Analyst at Absa Asset Management
• Cashbuild Limited
• Repo rate
• Eskom load shedding at short notice
• Japanese giant faces fine in SA over spark plug prices
INDLULAMITHI SCENARIOS
The Indlulamithi SA Scenarios 2030 initiative recently unveiled the 2021 readings from its national and provincial barometer. Ghe results revealed which of the three 2030 scenarios South Africa is trending towards, both as a nation and by each province. The annual ba-rometer is designed to signal both warnings and opportunities for policy makers.
To talk more
Xolelwa Kashe-Katiya
Indlulamithi Project Management Director
TECH CONVERSATIONS
Today, the University of Cape Town, UCT, launched its own online high school, the first for a university in Africa. The UCT has partnered with the Valenture Institute, an edutech start-up to start for this online school.
We will talk about this and other factors regarding online education in South Africa.
To speak to us
Rober Paddock
CEO of Valenture Institute
BUSINESS WRAP
Bandile Mathandela
Market analyst
• Consumer inflation slows to 4.9% in June
• New welfare grant is on the table
• WeBuyCars to turn Ticketpro Dome into one of world's biggest used-car dealerships
• Top brewers are betting on a new generation of nonalcoholic beers
UNDER THE MICROSCOPE
It is reported that Sasria has given insurers a mandate to start processing riot-related claims of less than R1 million and claims of more than R1 million will require the involve-ment of a loss adjustor. Sasria, the only insurer in SA that provides cover against civil commotion, public disorder, strikes, riots and terrorism. The state-owned insurer provides non-mandatory cover for damages caused by civil unrest or public violence up to a maxi-mum amount of R500m per standard policy.
To understand this better we are joined:
Cedric Masondo
MD - SASRIA
SMME xChange
The Gauteng Township Economy Draft Bill is now in the public domain for public com-ments until the 30th July 2021. It’s a bill that garnered a lot of debate last year and some said it’s discriminating agains the foreign owned businesses. The Gauteng Government says the the Bill seeks to provide for the promotion and development of the township economy and to create a conducive environment for the attainment of that purpose; to pro-vide for licensing of township based enterprise, to provide for management of the Fund through the Gauteng Township Economic Development Fund; to provide for principles to be adopted by municipalities in drafting and adopting by-laws and to provide for matters connected therewith or incidental thereto.
To speak more
Mathopane Masha
Director for Inclusive Economy at Gauteng Department of Economic Development.
BUSINESS WRAP
Makwe Masilela
Founder and CIO at Makwe Fund Managers
• Durban and Richards Bay harbours back to normal with trains running
• Unrest has demolished economy in 55% of KZN rural towns, survey finds
• Kumba production and sales report,
• Anglo American Platinum – Trading statement
SHOP STEWARDS CORNER
The SA Police Union says its members are getting ready for a strike following a collapse of talks in the public sector wage talks. The union had already declared a dispute and ballot-ing was supposed to be completed to enable members to legally go on strike.
To speak to us
Lesiba Thobakgale
National spokesperson and Chief Negotiator for SAPU
UNDER THE MICROSCOPE
The Western Cape taxi violence has been going on for sometime. Transport Minister Fikile Mbalula visited the area last week but the violence still continues. Today, thousands of commuters were left stranded following the unavailability of minibus taxis across the city. Now, the only form of transport that commuters relied on will not be available after a bus driver was shot in the mouth this morning. Golden Arrow Buses were running a limited ser-vice today.
To speak more
Nazeem Abdurahman
Santaco WC Chairperson
BUSINESS WRAP
Sinesipho Maninjwa
CA and market analyst
• Toyota issues warning about future in Durban due to unrest
• Woolworths quantifies losses after 11 of its stores were looted
• Tencent to buy out rest of Sumo Group in gaming investment
• Assmang calls force majeure on manganese alloys in SA
THOUGHT LEADER THURSDAY
POLICE AND SECURITY DURING THE UNREST
Ziyanda Stuurman
Masters graduate in Conflict, Security and Development from Sussex University, the au-thor of the book, _Can We Be Safe? The future of policing in South Africa.
BUSINESS WRAP
Zwelakhe Mnguni
Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
• Government bans container sales to combat fuel hoarding
• Fiscal squeeze to tighten as business and labour call for state help
• Tiger Brands halts KwaZulu-Natal operations
• FAIRVEST PROPERTY HOLDINGS
• SAFARI INVESTMENTS RSA LIMITED
DEFENDING THE COMMUNITY
Some members of the community have decided to defend their shopping malls. The Maponya Mall in Soweto is apparently the only mall that is still intact.
Nhlanhla Lux is a member of the community in Soweto defending the Maponya Mall. He is also a member of the Soweto Parliament
SA UNREST
Violent protests have dealt a body blow to South Africa’s efforts to rebuild the econ-omy in the wake of the coronavirus pandemic. The widespread looting and social
unrest that’s followed the imprisonment is damaging business confidence, has dis-rupted key trade routes and seen businesses from banks and supermarkets to small-time businesses shutting their doors.
But, what does this really mean for the SADC community? Can they be affected?
To speak to us
Siyaduma Biniza
Political economist and Executive Director at Political Economy Southern Africa
BUSINESS WRAP
Bandile Mathandela
Market analyst
• Cashbuild voluntary update
• SA may face bread shortage as riots hit yeast, wheat supplies
• Emergency plans in place to deliver oxygen to hospitals amid attacks, Afrox says
• South Africa Riots Make Life Even Harder for Hobbled Refineries
WORKING ON THE FRONTLINE
Being a journalist in the current unrest
Chriselda Lewis
SABC senior reporter
SA UNREST
Could the current unrest lead to class conflict / violence?
To speak to us
Kenneth Lukuko
Senior Project Leader for the Building an Inclusive Society Programme’s Community Healing Project at The Institute for Justice and Reconciliation
BUSINESS WRAP
Makwe Masilela
Founder: Makwe Fund Managers
Steel industry federation says it is one step closer to a wage deal Mpact Limited Blue diamond found in Gauteng sells for R576 million Super Mario 64 game sells for record-breaking $1.5m at auction
SHOP STEWARDS CORNER
It’s been reported that an agreement has been reached between the government, labour and business to extend the Covid-19 Temporary Employer/ Employee Relief Scheme (Ters) to employees affected by the level 4 lockdown. It is said the finer details are still be-ing worked out and will need to be approved by the national coronavirus command council and the cabinet.
To speak to us
Matthew Parks
Cosatu’s delegate to the National Economic Development and Labour Council (Nedlac)
THOUGHT LEADER
The arrest of the ANC former President and the former President of the country, Jacob Zuma, what does it really mean for the ANC and the society at large? And, what will his-tory say about this era?
Prof Thula Simpson
Academic and author
BUSINESS WRAP
Sinesipho Maninjwa - CA and market analyst
• South Africa Needs Emergency Action to Create Jobs, World Bank Says
• Billionaire Dangote Can’t Get Enough Tomatoes to Run Plant Profitably
• Stand-off in Prieska over Orion mining project
• Akani Properties makes R600m investment in mall developments and renovations
THE METRO FM TALKROUNDTABLE
Healthcare workers and mental health
It’s been reported that some of our healthcare workers have been experiencing mental health strain having to work under this pandemic. The South African Depression and Anxi-ety Group, SADAG, said health workers were already under extreme pressure and facing burnout before the pandemic struck SA, with doctors more than 2.5 times more likely than their compatriots to commit suicide.
Zanele Nomdikinya Secretary - Gauteng Community Healthcare Workers Forum
Yanga Booi Professional nurse specialising in critical care, ICU at Thelle Mogoerane Regional Hospital in Vosloorus And Dr Tshepile Tlali Medical Doctor and The vice-chairperson of the Junior Doctors Association of South Africa
• Their jobs / task and how it’s been so far • The daily challenges • The mental health impact • Things government and society can do better • Why the public health sector matters
And to comment:
To speak to us:
Mpho Mpogeng President of the South African Emergency Personnel Union
BUSINESS WRAP
The SARB
The SA Reserve Bank celebrated its centenary today. It also launched a commemorative R5 coin. Governor Lesetja Kganyago described the bank as “a solid institution of our de-mocracy, and one all South Africans can be proud of”
To chat more on this
Fundi Tshazibana Deputy governor of the SARB and a member of the Monetary Policy Committee
UNDER THE MICROSCOPE
The Jacob Zuma judgement
The Constitutional Court found former president Jacob Zuma guilty of contempt of court and sentenced him to a 15-month jail term, for his failure to comply with an order of the Constitutional Court to testify before the state capture inquiry.
Acting Chief Justice Sisi Kampepe said ‘The majority has no choice: this case is excep-tional not because Mr Zuma is being treated exceptionally, but as a result of the nature of Mr Zuma’s attacks on the judiciary,’.
How did it end up here?
To talk us Mzwandile Mbeje SABC Political Editor
SMME xCHANGE
We continue with our series on small businesses operating in townships, rural areas and small towns. And, tonight we’re off to Newcastle. Hikeobics is a company in Newcastle that promotes an active hiking lifestyle and is also known for its contribution to Newcastle tour-ism.
To speak to us Tsebiso Maruping Founder - Hikeobics
BUSINESS WRAP
Makwe Masilela CIO and founder- Makwe Fund Managers
• South African Oil Law Seen Unlikely to Be Approved Until 2022 • Petrol, diesel prices set for hike in July - AA • Reserve Bank flags SA’s debt-servicing costs as major economic drag • Judge dismisses gov’t antitrust lawsuits against Facebook
UNDER THE MICROSCOPE
THE ALCOHOL INDUSTRY
The cabinet has, the the 4th time, banned the sale of alcohol for both onsite and off-site consumption. As expected, the alcohol industry is not happy with this and some groups like the Beer Association of South Africa are seeking a legal advice. The National Liquor Traders Council (NLTC) was quoted this morning saying some industry members are con-sidering defying the ban, saying employees need to earn an income to support their fami-lies.
Joining us is
Lucky Ntimane Convenor - The National Liquor Traders Council (NLTC)
SHOP STEWARDS CORNER
The Commission for Employment Equity (CEE) says it will take at least 50 years to see real transformation in the workplaces if the current pace of employment equity implemen-tation in the top echelons is allowed to persist. Commenting on this, Labour Minister, Thu-las Nxesi said this situation was not acceptable and the report is a wake-up call to govern-ment that self-regulation by employers to achieve the objectives of EE legislation has not worked.
To speak to us Thembi Chagonda Commissioner - Commissioner of Employment Equity
BUSINESS WRAP Sinesipho Maninjwa CA and market commentator
• White males still rule roost in workplace, equity report shows • Black Workers Stopped Making Progress on Pay. Is It Racism? • Alarming' decline in consumer confidence after Covid-19 grants and relief scheme ended • Leisure-focused stocks feel pressure as SA enters level 4 lockdown
KULTURE TALK
The Sowetan newspaper and streaming service Netflix has put together this creative pro-ject celebrate the South African entertainment industry of the last 40 years. They recreated some of these iconic images including Brenda Fassie & Yvonne Chaka Chaka, Johnny Clegg & Dudu Zulu, Thembi Nyandeni, Harari / Hotstix Mabuse etc.
To speak to us Asanda Sizani Creative Director
THOUGHT LEADER THURSDAY
Residents at villages affected by the establishment of Nkwe Platinum Mine, outside Burg-ersfort in Limpopo, who are worried about mining disputes between the Modikwa Platinum and Nkwe Platinum Mines. The villages affected by the dispute are Maandagshoek, Ga-Ratau, and Leolo. Nkwe Platinum mine has started fencing and storing mining equipment at Maandagshoek village. Maandagshoek land claimants say Nkwe does not have mining rights on the land. Modikwa Platinum Mine says it has mining rights on the land and is tak-ing the matter to court. A month ago, the provincial government officially launched a mining operation at Ga-Ratau village, where Nkwe Platinum was introduced to the community. 6 000 people from the three villages were set to get job opportunities. These are some of the stories regarding the mining industry and communities where these mines operate.
And the man who has always at the forefront on behalf of the mining affected communities is our Thought Leader tonight.
Meshack Mbangula National Coordinator of Mining Affected Communities United in Action (MACUA)
BUSINESS WRAP
Bandile Mathandela Market analyst
• Mercedes Benz’s C-Class range rolls off new East London assembly line • Cell C switches off physical radio network in three provinces • Kumba Iron Ore • Anti-obesity drive: Junk food TV adverts to be banned before 9pm
THE 3RD WAVE
President Cyril Ramaphosa said that the government is considering introducing stricter re-strictions, as Covid-19 infections continue to increase at an alarming rate, with Gauteng the worst affected. He said government will be making an assessment. Gauteng accounts for more than two-thirds of new Covid-19 cases.
What is like to run a hospital during a pandemic?
Joining me is
Dr Sello Matjila CEO - Kalafong Provincial Tertiary Hospital
TECH CONVERSATION
The National Treasury's Office of the Chief Procurement Officer is inviting companies that are manufacturing cellular phones within SA to submit information as it looks to expand its transversal contract for mobile communication services. It says the objective of the request for information is to establish the availability of local manufacturers of mobile cellular phones as it hopes to stimulate the sector.
To chat more on this: Yamkela Spengane Technology researcher
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• Harmony energy push capitalises on reforms to avoid hefty carbon taxes • Brait PLC • Old Mutual operating update • The Federal Reserve chair says the United States needs ‘more inclusive pros-perity.’
President Cyril Ramaphosa said that the government is considering introducing stricter restrictions, as Covid-19 infections continue to increase at an alarming rate, with Gauteng the worst affected. He said the government will be making an assessment. Gauteng accounts for more than two-thirds of new Covid-19 cases.
What can Gauteng and the country in general do to arrest the situation?
To speak to us Dr. Kgosi Letlape Health activist
SMME xChange
We’re still continuing with our series on township and rural businesses. Tonight we shine the spotlight on Xitsakiso Baloyi, an entrepreneur fromLimpopo. He is the founder of Rab-bit Pizza that he started during the lockdown and has created a number of jobs.
The mother company is called Rabbit Group Pty and has interests in events management, fashion and car hire.
He joins me Xitsakiso Baloyi Founder - Rabbit Pizza
BUSINESS WRAP 1
Makwe Masilela CIO - Makwe Fund Managers
BUSINESS WRAP II
NORTHERN CAPE MINING AND INVESTMENT LEKGOTLA, THURSDAY, 24 JUNE
The lekgotla is the first in a series of economic reconstruction dialogues designed to con-tribute to improving productive engagement between the official government sector, inves-tors, local business, and other key partners in driving economic reconstruction and recov-ery.
To speak to us
Xhanti Payi Director - Nascence Advisory and Research
UNDER THE MICROSCOPE
CEO of Takatso Gidon Novick said the consortium had received approaches from interna-tional investors but turned them down because it preferred local backers. He said the fund-ing would come from capital markets, and the final funding structure and capital require-ments would be determined after the due diligence process, which is under way.
And, today, The United Democratic Movement (UDM) said it intends to challenge Public Enterprises Minister Pravin Gordhan’s announcement regarding the 51% sale of SAA to Takatso Consortium in court. It says Takatso was recently fingered in wrongdoing.
To chat more Ofentse Mokoena Transport economist, lecturer, researcher and podcast host
SHOP STEWARDS CORNER
The Public Servants Association of SA on Friday called on its members to vote on strike action. The union has approached the Public Service Coordinating Bargaining Council to establish the required picketing rules that would allow them to serve the employer with adequate notice for a strike.
To speak more Reuben Maleka PSA Assistant General Manager,
BUSINESS WRAP
Sinesipho Maninjwa Market commentator and analyst
• Naspers profit surges as pandemic boosts online transactions • PPC slashes debt to R2.6bn and may avoid a rights issue • ANC shifts stance on land custodianship to appease EFF • Amazon Prime Day deals expected to be stingier this year
KULTURE TALK
Toastmasters Southern Africa will honour my colleague Metro FM’s Wilson B Nkosi this Saturday with the Communication and Leadership award. This award recognizes non-Toastmasters members who have made significant contributions in the field of Communi-cation and Leadership. His name joins a growing list of past recipients of this award, which include Professor Mamokgethi Phakeng, Professor Thuli Madonsela, Archbishop Des-mond Tutu, Jonny Clegg, Clem Sunter and Vuyo Mbuli etc
Joining us
Wilson B Nkosi Presenter: Sounds and Stuff Like That (every Sunday, 9-12 pm, Metro FM)
And
Njabulo Thela Toastmasters Southern African CEO
THOUGHT LEADER THURSDAY
Dominic Brown Economic justice programme manager at the Alternative Information & Development Cen-tre (AIDC).
Dominic Brown is an activist involved in struggles for economic, environmental and social justice. He works at the Alternative Information and Development Centre as the coordinator of the economic justice programme since 2018, where he under-takes political economy research, and facilitates trainings and capacity building with labour and community activists. Brown also serves on the steering committee of the Budget justice coalition and is a member of the Amandla Magazine editorial collec-tive
BUSINESS WRAP
Bright Khumalo Analyst - Vestact Asset Management
Retail sales surge in April but still disappoint Govt won't budge on state wage bill, says Mboweni Gigantic diamond found in Botswana could be the world's third-biggest ever Right of reply by the Siyathemba Community
THE METRO FM YOUTH ROUNDTABLE
Youth Unemployment and the solutions we need
Today President Cyril Ramaphosa outlined a number of interventions government plans to use to address youth unemployment rate. He addressed, virtually, the national Youth Day. He said government would place the youth at the centre of its national recovery plan.
Data published by Statistics South Africa at the start of June shows that the official unem-ployment rate among youth (15-34 years) was 46.3% in Q1 2021. The data shows that of the 7.2 million unemployed persons in the first quarter of 2021, more than half (52.4%) had education levels below matric, followed by those with matric at 37.7%.
Separate data published by labour minister Thulas Nxesi shows that approximately 1.3 million people aged 15-24 sit without work in South Africa for at least three months, while the vast majority of these people (over 1 million) are stuck without work for a minimum of 12 months.
To chat more on this and the intervention needed:
Wandile Ngcaweni Researcher at the Mapungubwe Institute for Strategic Reflection and co-editor: We are No Longer at Ease
Princess Majola Gauteng Coordinator - #PaytheGrants Campaign
And
Siyasanga Ndwayi Organiser: Youth Unemployment Crisis Comment
And later (to comment: 20h30)
Skhumbuzo Soxujwa Chairperson - Unemployed People's Movement (UPM)
THE METRO FM YOUTH ROUNDTABLE
Youth Unemployment and the solutions we need
Today President Cyril Ramaphosa outlined a number of interventions government plans to use to address youth unemployment rate. He addressed, virtually, the national Youth Day. He said government would place the youth at the centre of its national recovery plan.
Data published by Statistics South Africa at the start of June shows that the official unem-ployment rate among youth (15-34 years) was 46.3% in Q1 2021. The data shows that of the 7.2 million unemployed persons in the first quarter of 2021, more than half (52.4%) had education levels below matric, followed by those with matric at 37.7%.
Separate data published by labour minister Thulas Nxesi shows that approximately 1.3 million people aged 15-24 sit without work in South Africa for at least three months, while the vast majority of these people (over 1 million) are stuck without work for a minimum of 12 months.
To chat more on this and the intervention needed:
Wandile Ngcaweni Researcher at the Mapungubwe Institute for Strategic Reflection and co-editor: We are No Longer at Ease
Princess Majola Gauteng Coordinator - #PaytheGrants Campaign
And
Siyasanga Ndwayi Organiser: Youth Unemployment Crisis Comment
And later (to comment: 20h30)
Skhumbuzo Soxujwa Chairperson - Unemployed People's Movement (UPM)
Under the Microscope
Understanding the work and vision of the YWBN Mutual Bank
There’s been so much talk and views regarding the recently announced YWBN Mutual Bank. Concerns were raised and the leadership of the bank tried to clear up those con-cerns yesterday in a press conference.
To get more clarity we are joined by:
Nthabeleng Likotsi Co-founder: YWBN Mutual Bank
UNDER THE MICROSCOPE
A consent agreement between Pick n Pay and the Competition Tribunal - that any black-owned supermarket, small business and speciality store that was previously excluded from doing business in a shopping mall because Pick n Pay had an "exclusivity" provision in its lease with the landlord, will now be able to set up shop. The Competition Tribunal has ob-jected against the large supermarket giants' practice of concluding agreements with mall owners that ban competitors from the malls. These contracts sometimes span up to 25 years.
To speak on this Eddie Rakabe Economist, writer and researcher
SHOP STEWARDS CORNER II
Unions in the transport sector say they were shocked by the announcement made on SAA on Friday that Takatso consortium is now the majority shareholder. Numsa was quoted in the media saying they found out through the media about this equity partner and they have been asking since last year for the Department of Public En-terprises (DPE) to be transparent about the process to appoint an equity partner.
To speak to us
Phakamile Hlubi-Majola National Spokesperson - Numsa
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• Pick n Pay’s exclusivity provisions in lease deal officially scrapped • PIC says it is not funding Takatso’s takeover of SAA • YWBN Mutual Bank Press Conference
firm that provides a range of psychosocial support services to individuals and families, organizations and companies. She is recognized as part of the Mail & Guardian 200 Young People for 2020 under the category of civil society. She has been recently named top 100 influential young South Africans by Avance Media Group for 2020.
20:42
KULTURE TALK
The work, journey and influences of Loyiso Mkize
Loyiso Mkize is a South African visual artist specialising in fine art and comic book illustration. Prior to committing himself as a full time contemporary artist, Loyiso Mkize rose to prominence as on of South Africa’s best known graphic novel and comic book illustrators, being one of the foremost contributors to the Sunday Times supplement SupaStrikers. Eventually he discovered a pas-sion for portrait painting, a medium he turns to as an avenue to express per-sonal, political and social commentary.
Loyiso Mkize Visual artist
THOUGHT LEADER THURSDAY
Keitumetse Fatimata Moutloatse Feminist Social Worker and social development practitioner. Founder and Chairper-son of Black Womxn Caucus
BUSINESS WRAP Roy Mutooni Analyst at Absa Asset Management
• Cyril Ramaphosa lifts generation threshold for companies to 100MW • Gordhan expected to unveil strategic equity partner for SAA on Friday • The Foschini Group • Deloitte partner appointed as new deputy AG
UNDER THE MICROSCOPE
The Road Accident Fund (RAF) said it has recorded a R3.2-billion surplus, for the period ending March 2021. The fund collects R43-billion a year through the fuel levy, with only R26-billion being spent on claimant compensation. R17-billion is spent on administrative costs, while R 10.6-billion is spent on legal costs. More than R2-billion is spent on medical costs.
To understand this better
Collins Letsoalo CEO - Road Accident Fund
TECH CONVERSATIIONS
The tech and work of Fixxr
Founded by Bayabulela Jolobe, Mawethu Soga and Curtis Young, Fixxr is the Mobil-ity as a Service (MaaS) technology company that offers on-demand reliable car ser- vice, connecting experienced mobile mechanics to customers. They say the plat-form is the answer for the busy, overwhelmed car owner who cannot afford the time to visit a service station, conveniently providing a fair and transparent price, appoint-ment booking, payments, service history and maintenance reminders.
To speak more Mawethu Soga Co-founder: Fixxr
BUSINESS WRAP II
SA Youth Council SMME Compliance Workshop
The South African Youth Chamber of Commerce and Industry (SAYCC) in partnership with Imbewu Consulting tomorrow, 10 June 2021, is hosting the first annual SME compliance worksho. They say the workshop is aimed at addressing current prevalent challenges faced by most SME’s in relation to issues of compliance with various business statutory requirements and industry bodies.
To speak to us Thapelo Maleke President - SA Youth Chamber of Commerce and Co-Convener of the workshop
BUSINESS WRAP Bandile Mathandela Market analyst
• Facilitator proposes below-inflation hikes for local government workers • Airbnb wants national short-term rental register • Stor-Age ups dividend and flags further growth amid pandemic boost • Not even ProPublica knows the source who provided blockbuster ‘Secret IRS Files’
UNDER THE MICROSCOPE
The South African economy grew by 1,1% in the first quarter of 2021 (Janu-ary–March), translating into an annualised growth rate of 4,6%. This follows a revised 1,4% (annualised: 5,8%) rise in real gross domestic product (GDP) in the fourth quarter of 2020…according to Stats SA.
To speak to us Risenga Maluleke Statistician-General of South Africa
SMME xChange
We continue to speak to small businesses making impact in the townships and rural areas. And today, we speak to Ramtsilo Manufacturing and Construction, a company that started in Sasolburg by two sisters Kekeletso and Kedibone Tsiloane.
To speak to us Kedibone Tsiloane Co-founder - Ramtsilo Manufacturing and Construction
SPONSORED INTERVIEW
The South African Breweries (SAB) has finally reached the much anticipated milestone, as SAB Zenzele Kabili has listed on the JSE recently. The scheme was voted in at a special virtual meeting earlier last month, where SAB Zenzele shareholders cast their votes, with 95% voting in favour of the new scheme.
To speak to more
Duncan Pask Company Secretary - SAB
BUSINESS WRAP
Makwe Masilela Founder and Chief Investment Officer - Makwe Fund Managers
• SA cuts Road Accident Fund liability by R305bn • Denel vows to defend itself from SAAB Grintek liquidation bid • SA’s first-quarter GDP beats expectations with 4.6% growth
UNDER THE MICROSCOPE
The Competition Commission blocked the proposed acquisition of Burger King South Africa by private equity fund, ECP Africa, saying that that BEE share-holding in the company would drop to 0%. ECP Africa – which comprises sev-eral different funds – intended to acquire Burger King SA and Grand Foods Meat Plant from Grand Parade Investments.
Not everyone agreed with this decision. The The Southern African Venture Capital and Private Equity Association (Savca) said Grand Parade Investments’ (GPI) planned sale of the local Burger King franchise, saying it hurts the ability of black investors to optimise returns on their investments.
To chat more
Sandile Zungu President - Black Business Council
And
Wendy Alberts (for a few min) CEO - Restaurant Association of South Africa
SHOP STEWARDS LEADER
Domestic workers led by the unions say they are planning to march to the Department of Labour on Workers Day in August calling on Compensation Fund to grant domestic work-ers more time to lodge claims for injuries on duty. Domestic workers were given 12 months from 19 November 2020 to submit their claims.
To speak to us Vuyo Mafata Commissioner at the Compensation Fund
And
Thulani Nkosi Senior attorney - SERI
Sinesipho Maninjwa CA and market analyst
• Naspers Foundry puts R42m into Cape Town transport start-up • Google Settles Antitrust Case Over Advertising Practices • Volaris sweetens its offer for Adapt IT to R7/share • Anglo American’s Coal Spinoff Is Valued at Almost $250 Million
KULTURETALK
Khubu Zulu’s first exhibition, ‘Aftermath’ is a meditation on the climate crisis and global warming, drawing on African and global cultures, including Zulu my-thology.
She joins me on the line Khubu Zulu Visual Artist, Curator, Filmmaker, Writer, Director, Activist
THOUGHT LEADER
It’s the first week of the Youth Month and today we felt it would interest-ing to start with a youth activist. Thembinkosi Josopu, President - SA Youth Council. The South African Youth Council is a civil society organi-sation that is an umbrella body of youth organisations from different backgrounds in the country.
He joins me Thembinkosi Joseph President - SA Youth Council
BUSINESS WRAP Roy Mutooni Portfolio Manager and Analyst at Absa Asset Management
• Heritage dispute engulfs Cape Town site to house Amazon’s new African HQ • BEE fronting so widespread, it's time to remove licences - Commissioner • Government owes SMEs more than R3bn • Jobless Claims Drop to Another Pandemic Low
UNDER THE MICROSCOPE
ESKOM WAGE DISPUTE
Eskom said today it had declared a dispute in the central bargaining forum after failing to reach a wage agreement with the National Union of Mineworkers (NUM), the National Un-ion of Metalworkers of SA (Numsa) and Solidarity. Last month Eskom said its 1.5% wage increase offer — conditional on unions agreeing to a proposed downward variation of worker benefits including overtime pay, travel allowances, and employee transfer costs — is final.
To speak to us Vuyo Bikitsha Numsa National Energy Sector Coordinator
TECH CONVERSATION
Tonight our #TechConversation we continue to shine the spotlight on some com-merce start-up platforms and today we do so with with Luntu. It’s a platform that puts inclusion, diversity and the planet at forefront of what they are promoting and selling.
You can check them at www.luntu.co
Joining us is Amahle Ntshinga Founder - Luntu
BUSINESS WRAP II
AVIS BUDGET MID-TERN RESULTS AND OPERATING UNDER THE PANDEMIC
Ramasela Ganda CEO - Avis Budget
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• Grand Parade’s shares crash as it ‘weighs options’ for Burger King • I wasn’t going to be intimidated: ex-Transnet CFO Garry Pita on alleged Gupta threats and curses • All Blacks players object to sale of NZ Rugby stake to US firm
Phakamile Hlubi National spokesperson - Numsa
Lebogang Mulaisi Cosatu's national labour market policy co-ordinator
KULTURE TALK
Chef Siya Kobo, as a member of the New African Cuisine movement, says he is on a mis-sion to explore the ways in which the tastes, textures, in ingredients and cooking methods of those who came before us fit into the fine dining restaurant experience.
Kobo attributes his love of local flavours to early memories – watching his mother preserve meat in salt and cook potatoes on the fire.
This Saturday, Chef Siya will also be launching his new fine dining 20-seater restaurant.
He joins me
Siya Kobo
Chef
BUSINESS WRAP
Bright Khumalo
Analyst at Vestact Asset Management
• African Bank puts much of Covid-19 behind it
• Life Healthcare suspends interim dividend ahead of third Covid-19 wave
• Mr Price Group preliminary results
• Lewis Group results
UNDER THE MICROSCOPE
Former President Zuma and French arms manufacturer Thales, both pleaded not guilty to the charges they face including racketeering, corruption, fraud and money laundering in connection with the controversial arms deal. The trial has been postponed to the 19th of July for argument, in the special plea application brought by President Zuma against lead State Prosecutor senior counsel advocate Billy Downer.
A person who is been following closely
Mzwandile Mbeje
SABC Political Editor
TECH CONVERSATIONS
Ethiopia has awarded its first telecoms licence for $850m to a consortium including the UK’s Vodafone in what could herald the start of an opening up of Ethiopia’s closed econ-omy. The consortium, led by Kenya’s Safaricom with Vodafone and Vodacom, also in-cludes British finance development agency CDC and Japan’s Sumitomo. A bid for a sec-ond licence from South Africa’s MTN for $600m was rejected as too low and the licence will be retendered. The opening up of what is the world’s largest remaining telecoms mo-nopoly in a fast-growing country of 114m people had been billed by the Ethiopian govern-ment as the “deal of the century”.
To speak to us
Dopek Pater
Telecoms Analyst and Director at Africa Analysis
BUSINESS WRAP
Nolwandle Mthombeni
Market analyst
• Balwin Properties announces BEE deal
• German solar energy company wants to seize Eskom's payments to Lesotho
• Tinker Telecoms Energy Spy : SSA wants to lend its intelligence services to Sasol and MTN
• Rare 19th century SA wine meant for Napoleon fetches R420 000 at auction
UNDER THE MICROSCOPE
AFRICA DAY
A special show tonight as we commemorate the Africa Day. It commemorates the founding of the Organisation of African Unity now known as the African Union, AU. Our discussion theme tonight is “Peace and conflict in Africa - Where are we now?”.
Lebohang Pheko
Senior research fellow and political economist at Trade Collective
And
Advocate Sipho Mantula
Senior researcher at the Thabo Mbeki African School of Public & International Affairs (UNISA)
BUSINESS WRAP
Makwe Masilela
Chief Investment Officer and founder - Makwe Fund Managers
• Eskom slashes debt by R83bn in 2021 financial year
• Mining ‘mafia’ wants a piece of Prieska copper-zinc project in Northern Cape
• Reserve Bank mulls creation of 'digital rand
• Who eats whom
Kulture Talk
Today marks 100 years since the tragic Bulhoek Massacre. On May 24 1921,more than 160 people were shot dead and more than 100 others wounded when the police of the South African Union opened fire on members of the Church of God and Saints of Christ on 24 May 1921.
To chat more
Nangamso Khoza
Founder of the Inqubela Foundation,
SHOP STEWARDS CORNER
A march will take place here in Joburg on Thursday behind the decriminalisation of sex work. Nomsa Mazwai; activist, academic and artist is the founder of an NPO called #FunkItImWalking, an organisation whose sole aim is to make the streets safer for women to walk at any time of day in any condition, has joined forces with organisations SWEAT and Sisonke in bringing the plight of sex workers to the fore-front in a bid to decriminalise sex work.
She joins us
Nomsa Mazwai
Founder - #FunkItImWalking
And
Katlego Rasebitse
Sex worker and The National Sex Workers Sector representative
BUSINESS WRAP
Sinesipho Maninjwa
CA and market analyst
• U.S. to Restrict Economic Aid to Ethiopia Over Tigray War
• Manager shot dead on his way to Rio Tinto’s Richards Bay Minerals
• Nampak to more than double its profit
• Hash gag: Cannabis product manufacturer to halt exports due to spike in SA's Covid-19 cases
Kulture Talk
Tonight we are looking at the ancient tradition of African storytelling. How rel-evant is it today and what impact does it have? And, is it possible to keep this art alive for the next generation?
Our guest is Thandwefika Tshabalala Co-founder Hadithi Ya Africa
THOUGHT LEADER THURSDAY
It’s our Part 2 of our conversation with Advocate Thembeka Ngcukaitobi Author of the book, Land Matters: South Africa’s Failed Land Reforms and the Road Ahead. Last week we touched a bit on his upbringing and his activism. And we started on the book.
We continue with that conversation tonight.
Advocate Thembeka Ngcukaitobi Author: Land Matters: South Africa’s Failed Land Reforms and the Road Ahead
BUSINESS WRAP
Zwelakhe Mnguni Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
• Reserve Bank leaves rate unchanged • Massmart Holdings sales update • Amazon in talks to buy MGM studio • Top Africa Geothermal Utility Seeks $2 Billion to Add Output
Yesterday we kicked off our conversation with Minister of trade, industry and competition Ebrahim Patel and we touched on a number of topics including localisation and….
Tonight we continue with that conversation
Tech Conversations
Tonight we look at the story that the South African government − through the proposed data policy, the Draft National Policy on Data and Cloud − wants to be the co-owner of all data generated in the country. Last month, 1 April, the minister of communications and dig-ital technologies Stella Ndabeni-Abrahams published a Draft National Data and Cloud Pol-icy, together with an invitation for interested parties to submit written submissions to the department within 30 business days of publication of the draft policy, by 18 May. The deadline has now been extended to 1 June.
To chat more Yamkela Spengane Technology researcher
• Treasury outflanked by ANC MPs on pensions amendment bill • Inflation spikes to 4.4% in April • Samwu revises proposals in effort to reach a new wage deal • Sephaku Holdings
UNDER THE MICROSCOPE
Trade and Industry minister Ebrahim Patel says that his department’s localisation strategy is gaining increasing traction, and has now received the support of 30 local chief execu-tives from companies such as Clicks, Anglo American and Sasol. Presenting his departmental budget speech to parliament today, the minister said the strategy would see the localisation of up to R200 billion of additional production over a five year period.
To talk to us about this and more
Ebrahim Patel Minister of trade, industry and competition
SMME xChange
We are still running our series of entrepreneurs operating in the township and vil-lage economy. Tonight, our guest are the guys from BoombaDotMobi. A business that started in Diepsloot, a well known township /informal settlement in the northern parts of Joburg.
Nondumiso Sibiya Co-founder of Boombadotmobi
• Being born and raised in Diepesloot • On establishing the business • How it works • The challenges and growth so far • Future plans
BUSINESS WRAP Makwe Masilela CIO - Makwe Fund Managers
• Govt to tackle 'injustice' of excessive executive pay • Vodacom partners with Alibaba for South African e-commerce super-app • Heineken in talks about buying SA alcohol maker Distell • Spar Group trading update
UNDER THE MICROSCOPE
Economist Duma Gqubule says Public sector workers, who are frequently perceived as selfish and privileged, must win the hearts and minds of South Africans and understand that this is not just about their narrow issues relating to the wage bill. It is about demon-strating that austerity will impoverish everyone. He says, actually the the public sector is not bloated. It needs to increase significantly to deliver services.
Duma Gqubule Economist and founding director at the Centre for Economic Development and Transfor-mation
SHOP STEWARDS CORNER
The public sector wage negotiations are still happening and the word is that the State has offered public servants 1.5% salary adjustment and cash gratuity. The unions are demand-ing a wage increase of the consumer price index (CPI) plus 4% across the board for 2021/2022 .
To get the update Mugwena Maluleke Chief negotiator for Cosatu- affiliated public sector unions
BUSINESS WRAP Sinesipho Maninjwa Market analyst and CA
• CNA: Creditors in the dark as business rescue looms • Eskom approves higher coal price to supply Duvha power station as part of takeover deal • Astral reports profit hit as SA maize prices push five-year high • State offers public servants 1.5% salary adjustment and cash gratuity
- KULTURE TALK
The work of Setlamorago Mashilo
Setlamorago’s new solo exhibition, Against The Grain, opened today at the Everard Read Gallery in Joburg. He says “You are cordially invited to the next seating of the kgoro to indulge and mull over the critical challenges facing our Land. The main agenda for this council is Against the Grain. We are confronted with floods of vari-ous lot, Children of the Land. Everywhere one goes, there are streets burning, li-braries ablaze, the land scorched & our inherited sites of reflection being licked by fire. We need to promptly converge to discuss these issues at length…”
To talk more Setlamorago Mashilo
THOUGHT LEADER THURSDAY
Advocate Thembeka Ngcukaitobi Author: Land Matters: South Africa’s Failed Land Reforms and the Road Ahead
BUSINESS WRAP
Roy Mutooni Analyst at ABSA Asset Management
• CNA in financial trouble and battle with CEO Benjamin Trisk • Sorbet's income halved in tough year for Long4Life • Liberty Holdings operational update • Absa Group Voluntary Trading Update
UNDER THE MICROSCOPE
GAZA
Israel's Defence Minister Benny Gantz vowed more attacks on Hamas and other Palestinian militant groups in Gaza to bring "total, long-term quiet" be-fore considering a ceasefire. Gaza militants have launched more than 1,000 rockets since Monday, said Israel's army, which has carried out hundreds of air strikes on Islamist groups in the crowded coastal enclave of Gaza.
To chat more
Muhammed Desai : Executive Director - Africa 4 palestine
And
Zev Krengel Vice President - Jewish Board of Deputies
TECH CONVERSATIONS
Transaction Capital revealed today that it is in talks to increase its stake in WeBuyCars to 74.9%, a move that will give it control over the South African online car marketplace. WeBuyCars buys and sells used vehicles and uses data- and technology-led e-commerce and physical infrastructure.
To speak to us
David Hurwitz CEO - Transactional Capital
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• Lewis says profit has doubled as debtors book improves • Transaction Capital resumes dividend as earnings recover from Covid-19 • Daybreak Farms CEO says he will approach Labour Court following abrupt dismissal • IMF to Resume Zambia Talks Once State Implements Policies
UNDER THE MICROSCOPE
The role of Prince Buthelezi
The AmaZulu Prime Minister, Prince Mangosuthu Buthelezi gave an update on matters of the Royal Family today. He also mentioned that the Prince Simakade Zulu has no intention of contesting the Zulu royal throne, and there is no succession dispute involving him. and that the King is allowed to lead even if he is not married. He also dismissed the KwaZulu-Natal ANC’s reaction on the statement regarding the se-curity around the King….which led to other things between him and the ANC.
Our guest Sthembiso Msomi Editor - Sunday Times
SMME EXCHANGE
Today we are starting a series on the Township and Village Economy.We will be talking to different entrepreneurs on their challenges and triumphs. Today we start with Sia Panda Braai. What do they do, the challenges etc
To speak to us Siyabulela Mciteka Founder: Sia Panda Braai
BUSINESS WRAP
Makwe Masilela CIO at Makwe Fund Managers
• Big government union moves one step closer to national strike • State unlikely to freeze public-sector wages for three years, says Fitch • World picketed by workers demanding Covid-19 relief funds • PIC staff warn of ‘existential crisis’
ANC President Cyril Ramaphosa gave an update on the NEC meeting outcomes that took place this past weekend. The meeting touched on a number of issues including land, economy, the step aside rule, leaked audio, local government etc.
The suspended SG of the ANC, Ace Magashule was told to apologise publicly for the letter of suspension he wrote to the President.
A person who is following this story
Mzwandile Mbeje SABC Political editor
SHOP STEWARDS CORNER
The National Union of Metalworkers of South Africa, Numsa, held its National Bargaining Conference this past weekend. Delegates from across the country met at the three-day conference that sought to discuss and draw core resolutions against the lowering of benefits and conditions of workers, wage cuts, defend collective bargaining and stop de-industrialisation and a job-loss bloodbath.
To speak to u
BUSINESS WRAP Bandile Mathandela Market analyst
• Adapt IT’s shares plunge amid CEO divorce battle reports • Former Spur CEO Pierre van Tonder dies in hospital • Clicks to acquire retailer Pick n Pay’s pharmacies • ANGLOGOLD ASHANTI LIMITED
KULTURE TALK
The Brother Moves On (TBMO) is a performance art ensemble from Johannes- brother Siyabonga Mthembu.TBMO began as a self-proclaimed art movement mainly of graphic and fine artists and since began incorporating instrumental-ists for the live performance environment.
Play: The Brother Moves On - Umthandazo Wamagenge (song approved)
To speak to us Siyabonga Mthembu Band member and founder
BUSINESS WRAP II
The Saldanha Bay industrial development zone (IDZ) has launched the first phase of a R3.5bn expansion drive, which will be one of the largest projects the government has embarked on in the Western Cape. The IDZ, which is be-ing developed into an offshore and maritime hub, is part of the government’s programme to establish special economic zones (SEZs) in each of the nine provinces.
To speak to us Ms. Kaashifah Beukes CEO of the Saldanha Bay IDZ
BUSINESS WRAP
Zwelakhe Mnguni Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
• Saldanha Bay IDZ launches port expansion project • Take 2: Crowdfunding bidder makes revised offer to buy SA Express • Zambia shutters seized copper mine as prices soar towards record • SIBANYE STILLWATER LIMITED
Under the Microscope
ACE MAGASHULE
Ace Magashule has been suspended as ANC secretary-general. In a letter to Magashule, signed by his deputy Jessie Duarte, the ANC said he is suspended temporarily pending the outcome of fraud and corruption charges he is facing. Magashule was charged for his alleged involvement in fraud and corruption relating to a R255m asbestos project in the Free State under his watch as premier. While he is suspended, Magashule may not repre-sent the ANC or mobilise structures, he will, however, be entitled to his salary.
To speak to us Ongama Mtimka Political analyst - Nelson Mandela University
TECH CONVERSATIONS
Stanley Semelane recently finished his PhD study where he was investigating localisation impacts of manufacturing solar PV in coal phase-out regions. The study characterised the economic feasibility of manu-facturing solar photovoltaics (PV) in coal phasing-out regions through a case study of Steve Tshwete Local Municipality (STLM).
He joins me on the line Stanley Semelane Senior Researcher at the Council for Scientific and Industrial Research
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• Eskom proposes changing conditions of service during first day of wage talks • DRDGOLD LIMITED operating update • MTN GROUP LIMITED quarterly update • Kulula.com owner negotiating with Boeing to cancel 737 MAX plane deal made in 2013
Under the Microscope
The ANC NWC has reaffirmed that all members charged with corruption or other serious crimes must vacate their posts within 30 days or face suspension. The 30 days lapsed last week. The National Working Committee had instructed that letters be written to affected members “implementing this decision, and outlining the terms and conditions regulating their participation and conduct during the suspension”.
To speak to us Samkele Maseko SABC political reporter
SMMExChange
Tonight on our SMME Xchange we she a spotlight on the work of the Tamela Fund and how it can assist you as an entrepreneur. They say the TAMELA FUND aims to finance mid-market companies who wish to grow their busi-nesses, enter new markets and accelerate growth through expanding opera-tions or consummating strategic acquisitions. The Fund provides capital rang-ing from R50 million to R150 million per investee company.
To speak to us Sydney Mhlarhi Managing Director of Tamela Capital Partners
BUSINESS WRAP
Makwe Masilela CIO and founder: Makwe Fund Managers
• Still no action by government on a state-owned bank • Icasa backs post office’s push to limit parcel deliveries by couriers • Spar workers end strike after agreement reached • PPC agrees to sell its lime business for R515m
The Zulu Royal Family has confirmed that the fight over who should succeed King Goodwill Zwelethini.
To speak to us
Fanele Mhlongo SABC reporter
SHOP STEWARDS CORNER
Trade, industry & competition minister Ebrahim Patel and senior company ex-ecutives, business representatives and trade unions revealed this past Satur-day that more than 150,000 SA workers have benefited from more than R100bn in wealth transferred through employee share ownership schemes. The minister said the next step in this process would be worker representation on company boards, which is under early discussion at the National Economic Development and Labour Council.
To speak to us
Khwezi Mabasa Senior researcher at the Mapungubwe Institute for Strategic Reflection, Mistra
• Avian flu detected on a second Gauteng farm • For sale: Dozens of malls and other properties, owned by government's pen-sion fund • America’s Biggest Meat Company Faux Burgers Another Shot • Former Spur chief injured in ‘suicide attem
KULTURE TALK
Opening today at the Stevenson gallery in Cape Town is running a series titled Stage and the gallery debuts with the work of Khanyisile Mawhayi. Khanyisile is presenting a series of drawings and photographic works that examine various influences on identity formation and explore perceptions of cultural and societal belonging. She exhibits works from The Ambivalent Blueprint.
KHANYISILE MAWHAYI Artist
Lwazi Lushaba is a revolutionary intellectual. He holds a PhD in Political Science from the University of the Witwatersrand. Prior to obtaining a PhD, he was educated in various insti-tutions including the then University of Transkei, South Africa where he obtained an Hon-ours degree in Politics; Ibadan University, Nigeria where he obtained an M.A. in Philoso-phy; Centre for Studies in Social Sciences and Culture, Kolkata, India where he success-fully completed an MPhil. He has held several teaching positions at universities in Nigeria and South Africa. He currently is a member of the teaching faculty at the University of Cape Town, South Africa where he teaches Politics. His publications include a co-edited book; ‘From National Liberation to Democratic Renaissance’ and a book titled; ‘Devel-opment as Modernity, Modernity as Development’ both published by CODESRIA. Lwazi Lushaba has been a recipient of several scholarly awards and fellowships.
SPONSORED INTERVIEW
The South African Breweries (SAB) says it is pleased that its B-BBEE scheme, SAB Zenzele will reach maturity in May 2021, and that a new scheme, SAB Zenzele Kabili, will launch this same month to continue creating value for beneficiaries. SAB Zenzele is the largest B-BBEE scheme in the history of South Africa in the fast-moving consumer goods sector, having reached a total matu-ration value of R9.7 billion.
To talk more Duncan Pask SAB Company Secretary
BUSINESS WRAP
It’s been reported that discussions between Mango and the Department of Public Enter-prises (DPE) regarding funding for the cash-strapped airline. Mango, like SAA, is in the brink of being put under business rescue until July. To speak to us Khaya Magaxa Chair of the Portfolio Committee on Public Enterprises
Guests: Nkosikhona Swartbooi Head of advocacy and organizing of the Social Justice Coalition (SJC)
Sbu Zikode President - Abahlali Basemjondolo
Joseph Leshabane DDG - Project and Programme Management Unit, Department of Human Settlements, Water and Sanitation
The housing crisis in SA
Nkosikhona Swartbooi Head of advocacy and organizing of the Social Justice Coalition (SJC) and Founder member of Reclaim the City.
Reclaim the City is a movement of tenants and workers campaigning to stop our displace-ment from well-located areas and secure access to decent affordable housing. We believe it is time to take the struggle for housing to the centre of the city, to the heart of power, to the people who should live there, and to the land that matters. Land for people, not profit!
And
Thapelo Mohapi Spokesperson - Abahlali Basemjondolo
(2018 article)
The South African government says 3.2 million homes were built from 1994 to 2018. There was a dramatic growth in construction in the early years of ANC rule (1994-1999).
DEPARTMENT OF HUMAN SETTLEMENTS
Joseph Leshabane DDG - Project and Programme Management Unit, Department of Human Settlements, Water and Sanitation
BUSINESS WRAP
Makwe Masilela Founder and CIO at Makwe Fund Managers
• Court interdicts the disbursement of the R1.2bn tourism equity fund • Uber pledges to boost safety for SA drivers as accidents rise • India Politicians Vow to Pay Women For Housework as Virus Rages • UK sanctions Gupta brothers over SA corruption
UNDER THE MICROSCOPE
Public Service and Administration Minister Senzo Mchunu today called on South Africans to assist with proposals for resolving the deadlock between the government and unions in the public sector wage negotiations. This after a deadlock between the unions and gov-ernment was reached on Friday. The Public Servants Association (PSA) said it plans to advise its members to prepare for a strike action.
To speak to us
Reuben Maleka PSA assistant general manager
SHOP STEWARDS CORNER
It’s been reported that strike by some workers at Spar’s distribution centre in Gqeberha in the Eastern Cape has been going on for more than five weeks, with no end in sight. The workers are demanding an 8.1% wage increase instead of the employer’s offer of 3%. The union behind the strike is the Transport, Retail and General Workers’ Union, known as Thorn which started operating in the Eastern Cape in October 2020.
To speak to us Berito Juku Provincial organiser - Transport, Retail and General Workers’ Union
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• Come one, come all: Mchunu calls for proposals to end public wage deadlock • Mango staff may not get their salaries in May • Vodafone, MTN groups bid for telecom licenses in Ethiopia • Jack Ma’s Ant Plans Zero-Interest Loans to Boost Staff Moral
KULTURE TALK
Mandisi Sindo South African shack theatres innovator, social entrepreneur, artivist, ac-tor, presenter/mc/host, writer, director, voice over artist, and a site spe-cific work creator/curato
THOUGHT LEADER THURSDAY
Panashe Chigumadzi Author, academic
• Her background - being born in Zim • Life in SA • Her work as a writer • Her latest academic work • Visio
BUSINESS WRAP
Bandile Mathandela Market analyst
• Tokyo Sexwale press conference • Clicks Group interim results • Netcare Limited voluntary trading update • Reserve Bank's Unathi Kamlana named commissioner of financial sector reg-ulator
UNDER THE MICROSCOPE
It’s been reported that Transnet wants to minimise its financial exposure to a R100bn plan to nearly quadruple the size of its container capacity and grow its car-handling capacity by two-thirds at the Durban harbour.
How is it planning to do this and will it work?
To speak to us this and more (around the fuel levy)
Ofentse Mokoena Transport economist - North West University
TECH CONVERSATIONS
Different tech companies have come to the party regarding the fire that devas-tated parts of Cape Town. Bottles launched a feature that allows users to do-nate much-needed items to support firefighters. OneDayOnly has launched a feature on its website that enables locals to easily donate funds. UberCOMMU-NITY encourages locals to donate to fire relief efforts in Cape Town.
To have more chat on this
Yamkela Spengane Technology researcher
BUSINESS WRAP
Makwe Masilela CIO - Makwe Fund Managers
• Pick n Pay loses R4bn in sales due to Covid-19 lockdown bans • Disaster for Business as Mozambique Gas Boom Turns to Bust • MPs question powerships deal • MTN rolls out R300 million project to capture fibre-starved communities
UNDER THE MICROSCOPE
Former Gauteng health MEC Dr Bandile Masuku said he is appealing a finding by the ANC provincial disciplinary committee that he brought the party into disrepute over his role for the procurement of personal protective equipment (PPE). Recently, Dr Masuku lost a court bid to set aside a report by the Special Investigating Unit (SIU) which found that he knew about his department’s irregular procurement processes and failed to execute his functions in compliance with the constitution and Public Finance Management Act.
He joins me Dr Bandile Masuku Former Gauteng Health MEC
SMMExCHANGE
Social entrepreneurs are invited to submit their entries for consideration for incubation to the second leg of a Barloworld flagship entrepreneurial programme known as Mbewu. The entries for the 2021/2022 programme are open and close on 14 May 2021.
Mbewu, launched by Barloworld in 2019, is to provide support to social enterprises and start-ups that work innovatively to solve social challenges through their entrepreneurial activities.
To speak to us
Noluvo Ngcwabe Barloworld's head of corporate social investment
RAND WATER
Yesterday we spoke to the The SA Municipal Workers’ Union on an indefinite strike that is set to begin tomorrow. Rand Water supplies Gauteng’s three metropolitan municipalities, local municipalities, mines and other industries, and parts of Mpumalanga, North West and Free State with an average of 3.653-million litres of potable water daily.
There’s been some concern regarding water interruptions as this will not only affect the households but the industries too.
To speak to us
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• Absa CEO Daniel Mminele steps down due to strategic differences with board • Cell C grows revenues from its prepaid customers • Mineral sales keep breaking records • Zimbabwe Retains 7.4% Growth Target on Improved Farm Output
UNDER THE MICROSCOPE
The lobby groups Solidarity and AfriForum argued in the Pretoria high court on Friday that the R1.2bn Tourism Equity Fund is unlawful because tourism minister Mmamoloko Kubayi-Ngubane established it without the go-ahead from her trade, industry & competition coun-terpart, Ebrahim Patel, as required by law. They said the fund is unlawful in terms of the tourism sector code and the Broad-Based BEE Act as well as the constitution because it constitutes unfair discrimination. The lobby groups want an urgent interdict to stop the min-istry from disbursing the funds. Judgment was reserved.
The Community Constituency at NEDLAC says the lobby groups must desist from being the gatekeepers against transformation and inclusive economic participation.
To speak to us Thulani Tshefuta Nedlac Community Constituency Overall Convenor
SHOP STEWARDS CORNER
The SA Municipal Workers’ Union (Samwu) will go on an indefinite strike at Rand Water on Wednesday, after management allegedly changed condition of employment terms. Rand Water supplies Gauteng’s three metropolitan municipalities, local municipalities, mines and other industries, and parts of Mpumalanga, North West and Free State with an average of 3.653-million litres of potable water daily.
SAMWU said they would not allow the employer to “bully workers by unilaterally changing employees’ conditions of service without any consultation whatsoever”.
To speak to us Mamorena Madisha Samwu Gauteng deputy secretary
SPONSORED INTERVIEW
Tonight we shine a spotlight on Esylife SA. What is it and what they do and how their products can assist you.
Joining us
Thobekile Mdlalose Johannesburg distributor - Easylife SA
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• South Africa’s Eskom Says Oracle Halts Technical Support • Cashbuild Limited • Netflix expected to signal the end of the Covid TV streaming boom
KULTURE TALK
THE WORK OF BANZII MAVUSO
Banzii Mavuso is a filmmaker whose mission is to tell stories about the modern black and queer experience in South Africa. An independent filmmaker, director and musician who graduated from Cape Peninsula University in 2015. Her films include Gang 888- a short film about 5 black queer women who fight toxic mas-culinity and homophobia.
A Goatville Web-series - Goatville follows the awkward experiences and racy tribulations of 4 modern-day South African friends.
She also shot and curated the documentary, Coming Out
She joins me
Banzii Mavuso Filmmaker. Director. Musician
Thought Leader Thursday
Professor Fulufhelo Nelwamondo New Chief Executive Officer of the National Research Foundation
He holds a PhD in Electrical Engineering in Computational Intelligence from the University of the Witwatersrand. In 2008, he advanced his research endeavours as a Postdoctoral Fellow at the Graduate School of Arts and Sciences at Harvard University and was the youngest South African to receive the Harvard-South Africa Fellowship. In 2017, he was awarded the Order of Mapungubwe in Silver, the highest civilian honour bestowed by the President of the Republic of South Africa, for his contribution to the field of science, particularly electrical engineering.
BUSINESS WRAP
Zwelakhe Mnguni Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
• African Bank names Kennedy Bungane as new CEO • Government may move Eskom to energy ministry, say sources • S. Africa Central Bank Governor Sees Room to Keep Rates Low • World-Beating Currency Draws Ire of Mozambique Farm Minister
UNDER THE MICROSCOPE
ANC chairperson Gwede Mantashe appeared before the State Capture Commission today to account on some of the party decisions regarding the state including deployment etc. Minister Mantashe said the ANC was not an employer but merely encouraged its qualified cadres to apply for positions within the state.
To speak about this and more
Abongile Dumako
TECH CONVERSATIONS
Great news regarding a South African health tech start-up, Quro Medical. They have se-cured a seven figure undisclosed fund that will assist in growing the business. Quro Medi-cal was founded by passionate young people, Dr Vuyane Mhlomi, Zikho Pali and Rob Cor-nish.
Joining us
Zikho Pali Co-founder & Chief Operations Officer
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• Better than expected retail sales in February • South Africa Accuses J&J of Unreasonable Vaccine Demands • Going electric? Infrastructure and technology hurdles must be overcome first - Toyota SA boss • Tax evaders should face jail time to curb rising non-compliance – Judge Dennis Davi
UNDER THE MICROSCOPE
The situation in Rabie Ridge, North of Joburg, was tense in the past few days as protest-ers were illegally occupying a private land. Apparently, they want to erect shacks on it. Gauteng government confirmed that the land is not owned by any sphere of government. The The South African Housing and Infrastructure Fund - SAHIF -released a statement to-day it is consulting Rabie Ridgeresidents to allow the company time to service the recently acquired land.
To speak to us Rali Mampeule SAHIF CEO
SMME xChange
Interesting news here that if you’ve been working from home this past, that is, from your home office you are able to claim from SARS a tax deduction. Apparently, you are able to claim if you started working from home at the end of March, and worked there for at least 6 months till the end of February 2021.
To give us clarity;
Elani van der Westhuizen Senior tax technical at TaxTim
BUSINESS WRAP
Makwe Masilela CIO and founder- Makwe Fund Managers
• Sparks will fly as Eskom and unions go head-to-head • GE, PowerChina Hydro Project on Zambia-Zimbabwe Border Delayed • Chinese Meat Imports Hit Monthly Record on Domestic Supply Fears • Facebook faces German bid to halt collection of WhatsApp data
UNDER THE MICROSCOPE
The ANCYL National Congress National Youth Task Team The ANCYL National Congress National Youth Task Team has been given six months to deliver a conference. The Task Team held its first meeting this past weekend. It says rebuilding of the organization is not going to be an overnight process.
To speak to us Sizophila Mkhize ANCYL NYTT Spokesperson
SHOP STEWARDS CORNER
The Congress of South African Trade Unions, Cosatu, recently convened a Special Cen-tral Executive Committee meeting to discuss what it calls - COSATU’s perspective and ap-proach to the upcoming Local Government Elections. They say meeting was in the light of the serious crisis faced by workers as a result of the deepening crisis of capitalism. Cosatu also says the the postponement of local government elections will mean the prolongation of the ongoing corruption.
Joining us Bheki Ntshalintshali Cosatu General Secretary
Sinesipho Maninjwa Market analyst and CA
• Salga tables tough 2.8% municipal wage hike offer • Why shortages of a $1 chip sparked crisis in the global economy • Covid-19 loan guarantee scheme extended by 3 months • Amazon’s Win Delivers a Stinging Defeat to the U.S. Labor Movement
Under The Microscope
ICASA is inviting interested stakeholders to make written submissions in re-spect of the draft Amendment Customer Care Standards Regulations for Postal Services Licensees. According to Icasa, it seeks to bolster monitoring, enforcement and compliance with the customer care standards as provided for in the regulations. These customer care standards cover, among other is-sues: accessibility, visibility, languages and reports on complaints received (both resolved and unresolved).
To speak to us
Dr Charley Lewis Icasa Councillor
TECH CONVERSATIONS
One of the stories we spoke about yesterday is the record number of billionaires in the word, according to Forbes and some of the me come from the tech industry. They saw their wealth shooting sky high since the beginning of this pandemic.
Musawenkosi Cabe is a journalist for New Frame and has been writing a series on the need to regulate the gig economy. To speak to us
Musawenkosi Cabe Journalist - New Frame
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• Naspers and Prosus slump on news of selldown of Tencent stake • Sisa Ngebulana's Rebosis in talks with potential savior investors amid insolvency fears • SA Breweries to launch new B-BBEE scheme, opening up opportunity for R5.4bn stake in AB InBev • Millions Are Tumbling Out of the Global Middle Class in an Historic Setback
Under The Microscope
Busisiwe Kamolane, the research coordinator at the Centre for Applied Legal Studies based at Wits University says it is time for the state to recognise that the repression of ac-tivists in South Africa has reached crisis mode. She argues that the the violent police re-sponse to the recent student protests is a sobering reminder of how the brutalisation of ac-tivists across the country persists.
She also mentions that there’s a widespread failure to hold to account the perpetrators of violence against activists.
What needs to be done?
Joining me
Busisiwe Kamolane Research coordinator at the Centre for Applied Legal Studies based at Wits Universit
SMME xChange
A study conducted by the Unisa Press and Township Entrepreneurs Alliance on how the lockdown has affected township businesses, the formal and informal micro enterprises. They say the study focused on three specific areas, namely; the economic activity of enterprises; financial implications and obligations of enterprises and finally the socio-economic impact.
To speak to us; Bulelani Balabala Founder: Township Entrepreneurs Alliance
BUSINESS WRAP
Makwe Masilela CIO and founder - Makwe Fund Managers
• South Africa Signs Pfizer Deal in Boost to Vaccination Roll Out • Third time unlucky? CoJ prepaid customers in for tariff surprise • South 32/Seriti deal is about taking a loss-making colliery to break-even • Eskom locked in overpayment dispute with Oracle
Under The Microscope
A new study conducted in South Africa and Brazil has revealed that child support grant has been very instrumental in empowering women. The most expansive child and family grants are in Brazil, Mexico, Chile, Argentina and South Africa, which has put in place the biggest social provision net in Africa.
To speak more on this and other issues regarding social grants we are joined by
SHOP STEWARDS CORNER
The National Union of Mineworkers recently concluded its national collective bargaining conference has resolved to demand salary in-creases of between 15% and 20%. The union will soon be com-mencing with wage increase negotiations in both the gold and the energy sectors and says it aims to to close the wage gap.
To talk more on this
William Mabapa NUM acting general secretary
KULTURE TALK
The work of: Sethembile Msezane
A visual artist and performer who is known for her work within fine arts. She is known for using her interdisciplinary practice which combines photography, film, sculpture, and drawing to explore issues focused on spirituality, politics and African knowledge systems. Her work has been exhibited across South Africa and internationally. We catch her live from the UK, University of East Anglia’s Sainsbury Centre where she is an artist-in-residence and UEA Global Talent Fellow.
Sethembile Msezane Artist
THOUGHT LEADER
PART 2
Duma Gqubule Founder - Center for Economic Development and Transformation
• His work and interest in the field of economics (where it started) • His work in BEE • SA’s fiscal policy path • Growing up as an activist
BUSINESS WRAP
Makwe Masilela CIO - Makwe Fund Managers
• Turnaround in sales of new vehicles has begun • South32 agrees to fork out billions as it seeks to complete SA coal deal • VBS completes transfer of retail deposits to Nedbank • New acquisitions bolster Barloworld as it plots its logistics and car retail exit
UNDER THE MICROSCOPE
EKURHULENI
The Ekurhuleni Metro has received a clean audit from the Auditor General for the 2019/2020 financial year. The audit found no irregular, unauthorised fruitless and wasteful expenditure for the past three years.
The City has also been working hard in terms of attracting huge investments and mega projects.
TECH CONVERSATIONS
Entrepreneur Tim Hogins has launched a new tech venture that aims to assist entrepreneurs making it easy and safe for them trade. Blacqmarket is the name of the platform and backed by a blockchain.
He joins me Tim Hogins Founder - Blacqmarket
SEFA
As you know for the past couple of weeks we’ve been having our weekly conversations with the Small Enterprise Finance Agency, SEFA, and we are back again tonight.
Joining us Mr Mxolisi Matshamba, CEO of sefa
BUSINESS WRAP Nolwandle Mthombeni Market analyst
• SAA Pilots’ Association forges ahead with strike • SA to seek R120bn by 2030 for climate change initiatives • Land Bank misses debt restructuring deadline • Nampak Limited trading update
UNDER THE MICROSCOPE
THE ANC NEC STATEMENT
ANC President Cyril Ramaphosa announced yesterday that ANC leaders and members charged with corruption and wrongdoing have 30 days to voluntarily step aside or be suspended.
Differing views on this.
Speaking to us
Andile Lungisa Former ANC YL DP (and former NMB councillor
SMMExChange
Starting a co-operative bank
The Proposed Midrand Co-Operative Bank on a process of registering this bank. They say since the inception of the idea they are have opened a bank account to enable community members to join and they need a minimum of 200 mem-bers to get registered.
To talk more
Boitumelo Kgomo Working Group Chairperson - Proposed Midrand Co-operative Bank
SHOP STEWARDS CORNER
A Brazilian Supreme Court judge recently annulled the criminal convictions against former leftist President Luiz Inacio Lula da Silva, a move that could allow the popular politician to run in next year’s presidential election. The ruling, which will be reviewed by the full Supreme Court, restored Lula’s political rights, potentially blowing open the 2022 presidential race.
To talk more on this is
Benjamin Fogel Contributing editor at Africa is a Country and Jacobin. NYU P.h.D. Candidate. (Re-searches Brazilian anticorruption politics)
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• Frustrated funders lose ground as Land Bank debt talks drag on • Megaship blocking Suez Canal: What we know • Mr Price hits 52-week hig
KULTURE TALK
The documentary, Murder in Paris premiered on SABC 3 on Human Rights Day and the Part 2 of that documentary is happening this Sunday, on SABC 3. The documentary focuses on the brutal slaying of Dulcie Evonne September, an anti-apartheid political activist from Cape Town, who was assassinated in Paris, France in 1988 at the age of 53.
THOUGHT LEADER
Duma Gqubule Founder - Center for Economic Development and Transformation
• His work and interest in the field of economics (where it started) • His work in BEE • SA’s fiscal policy path • Growing up as an activist
BUSINESS WRAP
Bright Khumalo Analyst at Vestact Asset Management
• Reserve Bank holds repo rate at 3.5% • Suez Canal Remains Choked as Elite Team Tackles Stuck Ship • Controversial Watsons’ wind farm approval overturned on review • Black Farmers Head to Capitol Hill to Fight for Economic Reli
UNDER THE MICROSCOPE
The Zondo Commission is back at the Constitutional Court tomorrow to seek an order for former President Jacob Zuma to be arrested. Former President has refused to appear before the Commission accusing the Chairman of bias.
To chat more Mbalenhle Mthethwa SABC Specialist economic reporter
TECH CONVERSATIONS
A new app created by Thabo Nonkenge, SOSS app, is hoping to curb to scourge of gen-der based violence by giving victims and those at risk a tool to ask for help. The crowd-share safety platform connects the user, a volunteer network of nearby re-sponders and protectors.
How does it work?
Thabo Nonkenge Co-founder and CEO, SOSS app
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• Treasury reduces weekly debt auctions by R2.6b • Inflation dips below Reserve Bank target • SA seeks lesser of two evils in dealing with Eskom's nearly half a trillion rand debt • Homechoice’s profits plummet as lockdown leads to sales of lower-margin item
UNDER THE MICROSCOPE
MANTUSINI DAIRY PROJECT
It’s a story we spoke about last night. The collapsed government backed dairy project in the Eastern Cape. Government poured about R43 mil on it. It’s been reported that at least 350 cows starved to death.
Eastern Cape’s new rural development and agrarian reform MEC Nonkqubela Pieters has appointed a team of senior officials to conduct an investigation after she visited the farm on Monday to see for herself and interact with stakeholders in an effort to address the situ-ation.
To speak to us
Leon Coetzee DDG Agricultural Development at the EC Department of Rural Development and Agrarian Reform
SEDA This time every Tuesday we talk everything SMME and we also talk to SMMEs on their businesses and challenges. Tonight we are happy to be joined by the The Small Enterprise Development Agency, SEDA, and we will talk more on the services of STP, that is, Seda Technology Programme.
Joining us
Mr Tervern Jaftha Acting Exec: Seda Technology Programme
BUSINESS WRAP
Makwe Masilela Founder and CIO at Makwe Fund Managers
• Aveng to tap amenable shareholders for another R100m • Old Mutual annual results • Master Drilling Group LTD results • Nigeria Devalues Currency as It Adopts Flexible Rate
UNDER THE MICROSCOPE
MAKHANDA WATER CRISIS
Today is World Water Day - meant to highlight the importance of fresh water and also to advocate for the sustainable management of freshwater resources.
One town that has been struggling with water for sometime now is Makana Local Munici-pality. About a year ago the the Makhanda High Court ordered that the municipality be dis-solved as a result of its unconstitutional failure to deliver services to the community.
To get the latest Mzukisi Mphahlwa Executive Mayor - Makana Local Municipality
20:10 SHOP STEWARDS CORNER
The SA Municipal Workers’ Union (Samwu) said it will demand a R4 000 salary increase for its members in the country’s 257 municipalities and their entities when wage negotiations start later this year. This was part of the declaration at the the end of its four-day national collective bargaining conference in Johan-nesburg last week.
To talk more on this we are joined by
Dumisane Magagula SAMWU Deputy General Secretary
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• SAA rescue over by end March, but no date for when flights resume • Northam May Complete Buyout of Black-Owned Stake by March 23 • US Federal Reserve’s digital dollar has big banks nervou
KUTURE TALK
The Mother of all Eating (… and the looting continues!) Written by Zakes Mda and directed by Khayelihle Dom Gumede and Phala Ookeditse Phala
Market Theatre - 16 March – 11 April 2021
Our guest
Khayelihle Dom Gumede Director Khayelihle is also the Director, Producer, Writer & Chief Operating Officer at Clive Morris Produc-tions and CCO of Yililiza
THOUGHT LEADER THURSDAY
The history of the Zulu Kingdom
The memorial service of AmaZulu King, Isilo, King Goodwill Zwelithini ka Bhe-kizulu was held today in Nongoma, in KZN. President Cyril Ramaphosa described the late King as a leader who sought peace among the nation, saying he discouraged violence as a solution to the country’s woes.
Last night we had our part one of this conversation on Isilo and the historical background of the Zulu kingdom.
Our guest Shalo Mbatha Lecturer at the Department of History at the University of Zululand. Author: UZulu: umlando nobuqhawe bukaZulu. (Zulu Empire Decolonised - the English version)
BUSINESS WRAP
Bright Khumalo Analyst at Vestact Asset Management
• State to take from the jobless to give to university students • African Rainbow Capital sees light at end of tunnel for portfolio • Capital Hotels Group in Fairmont Zimbali business rescue coup • South Africa Sets up 1 Billion Rand Fund to Assist Black Farmer
LECTURE AT THE DEPT. OF HISTORY AT THE UNIVERSITY OF ZULULAND
AUTHOR: UZULU : UMLANDO NOBUQHAWE BUKAZULU
TECH CONVERSATIONS
Desalination
This week is also known as the The National Water Week which is campaign is aimed at educating the public about their responsibility in water conserva-tion initiatives, raising awareness around the need to protect and conserve the country’s water resources. Tonight we’re talking desalination and its prospects in SA
To speak to us
Dr Nonhlanhla Kalebaila Research Manager at the Water Research Commission
BUSINESS WRAP
Bandile Mathandela Market analyst
• Nedbank joins Absa in holding on to final dividend, but is upbeat about its prospects • Ethiopia’s Amhara Seizes Disputed Territory Amid Tigray War • Uber grants 70 000 UK drivers worker rights after landmark ruling • Black empowerment ‘is not corruption’
UNDER THE MICROSCOPE
Gauteng cooperative governance and traditional affairs MEC Lebogang Maile appointed a committee in 2019 led by Trevor Fowler to look into the state of municipalities in the province. The committee looked at finances, public par-ticipation, institutional capability and service delivery among the municipalities in the province. The committee found that municipalities in Gauteng are struggling with revenue collection and therefore create unrealistic expecta-tions based on potential revenue
To speak to us Prof Trevor Fowler Committee Chair of the inquiry
SMME xCHANGE
Turning SA’s chemical sector into an economic powerhouse
Is it reported that that the chemical SMMEs in Gauteng have received a boost with a new small business development programme created by the University of Johannesburg Centre of Entrepreneurship (UJCfE) and the Chemical Industries Ed-ucation and Training Authority (CHIETA). It is said that the initiative aims to grow the number of small and medium-size chemical businesses and their impact, boost-ing the overall chemical sector, which accounts for 6% of our GDP and 25% of the total manufacturing output.
To speak more Yershen Pillay CHIETA CEO
BUSINESS WRAP Makwe Masilela CIO and founder of Makwe Fund Managers
• Transformation of asset managers is a ‘constitutional imperative’ • 'I'm fed up' - SAA, rescue practitioners blasted by parliamentary accounts committee • Nokia to cut up to 10 000 jobs in two years • Shoprite Eases Africa Push to Focus on Domestic Market Gain
UNDER THE MICROSCOPE
Students have intensified their protest today affecting a number of universities all over the country. List of demands include Financial clearance & the clearance of historical debts for all students to ensure smooth registration. Also, demand-ing zero percent fee increase for the 2021 academic year.
Let’s talk more on this with Lwandile Mtsolo SAUS Secretary General
SHOP STEWARDS CORNER
Labour federation Cosatu recently tabled the Labour Law Reform Proposals to the Labour Market Chamber of Nedlac. The proposal includes a reduction of the standard hours of work to 40 hours per week and more.
To talk more on this Lebogang Mulaisi Cosatu's national labour market policy co-ordinator,
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• Eskom Warns of High Risk of Power Cuts as it Fixes Faulty Plants • Mr Price buys Yuppiechef • Stadio and AdvTech's statements, show private education sector under strain
Eastern Cape finance MEC Mlungisi Mvoko tabled his 2021/2022 budget in Bhisho yesterday. One of the things he mentioned is that unemployment in the province stood at an alarming 47.9%, but agriculture was one sector that had shown resilience, even during the hard lockdowns. He also said R245.2bn had been set aside for the medium term expenditure framework.
To chat more
Daluhlanga Majeke Head of the Department - Eastern Cape Treasury
THOUGHT LEADER THURSDAY
Sihle-Isipho Nontshokweni
Best-selling author of Wanda (2019), the children’s book. This year, 2020, she also wrote another book, Fly Afrika Fly which was for this year's World Read Aloud Day (WRAD) story, It was translated into all 11 languages and reached over 3 million children (highest country record) through Nalibali. She is also Ph.D. candidate and lecturer at the University of Pretoria.
SEFA
We’re back with our conversation with the Small Enterprise Finance Agency, SEFA and today today we’re talking about a number of things including programmes accessible to the youth and rural based entrepre-neurs.
To speak to us again,
Mr Mxolisi Matshamba CEO of Sefa
BUSINESS WRAP
Bright Khumalo Analyst at Vestact Asset Management
• SA posts first annual current account surplus in almost two decades • Sanlam takes 60% profit hit as it warns of rising excess claims • Famous Brands hit by Covid-19 as sales fall
TechConversations
The South African Communications Forum (SACF) says the consequence of the delay in the licensing of high-demand spectrum is “devastating for the sector, consumers and the economy”.The Independent Communications Authority of South Africa (ICASA) was set to auction the long-awaited high-demand spec-trum by 31 March. It was recently interdicted by the North Gauteng High Court following an urgent application by Telkom to halt the spectrum auction.
To speak to us
Katharina Pillay Managing Director - SACF
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• MTN adds 29m customers but suspends full-year dividend • Councils still adopt budgets with spending set higher than income • Growthpoint interim results • Municipalities want another slice of the pie, this time from IPPs
UNDER THE MICROSCOPE
Wits University students continued with the protest today. They are demand-ing that all academically deserving students must be allowed to register. Wits University says it remains open to meeting with student to find a solution.
To speak to us Mpendulo Mfeka Wits SRC President
SMME xChange
SMMEs and HR challenges
Last week we spoke about legal challenges SMMEs face and what they need to do when faced with those challenges. Today we are talking HR issues which is one of the biggest challenges SMMEs tend to face. Hiring right, payroll issues etc
To speak to us on this
Richard Moumakwe CEO of Ornecy
BUSINESS WRAP
Makwe Masilela Chief Investment Officer and founder - Makwe Fund Manager
• Economy suffers worst slump since 1946 but 2021 should be better • Long wait over for gold mines’ silicosis sufferers? • Ndabeni-Abrahams urges mediation as courts park delayed spectrum auction • Eskom board to initiate probe into racism allegations against CEO André de Ruyter
UNDER THE MICROSCOPE
Today, once again, foreign vendors came under attack, allegedly by young Umkhonto we Sizwe Military Veterans Association, in the Durban CBD. Accord-ing to Durban Metro police spokesperson, The young MKMVA members alleg-edly attacked and assaulted foreign vendors, petrol bombed some of their shops. Apparently, the foreigners retaliated and there were serious injuries on both MKMVA and foreigners shop owners.
What exactly is happening here and what is the bigger story?
Xolani Dube Political analyst - Xubera Institute for Research and Development
SHOP STEWARDS CORNER
MINIMUM WAGE AND DOMESTIC WORKERS
United Domestic Workers of South Africa said the union was disappointed that domestic workers continued to be paid less compared to farmworkers. The national minimum wage for each ordinary hour worked took effect on March 1 from R20.76 in 2020 to R21.69. Do-mestic workers received a R19.09 increase from R15.57 last year.
Joining me is Pinky Mashiane United Domestic Workers of South Africa president
BUSINESS WRAP
Zwelakhe Mnguni Chief Investment Officer & Co-Founder · Benguela Global Fund Managers
• Sun International warns of hefty loss and writedowns due to Covid-19 • Sibanye Says AngloGold, Gold Fields Fit Acquisition Strategy • Makro and Game owner sells Cambridge Food to focus on core business • 2020’s life insurance payouts exceeded 2021’s social grants budget
KULTURE TALK
Lwandiso Njara Engineering the New Jerusalem III - The Digital City.
Lwandiso’s new exhibition, Engineering the New Jerusalem III - The Digital City, is currently showing at the UJ Art Gallery. It is said his new exhibition is inspired by the “new contemporary robotic or technological African urban iden-tity. This new exhibition will include new oil paintings, sculpture, and drawings
He joins us Lwandiso Njara Artist
THOUGHT LEADER
BUNNY WAILER - THE IMPACT /TRIBUTE
PLAY Bunny Wailer - Blackheart Man
Bunny Wailer, the legendary Jamaican reggae singer who founded the Wailers with Bob Marley and Peter Tosh and was the last surviving founding member, has died. The Grammy-award winning songwriter and percussionist met Marley and Tosh at a young age and the trio formed the Wailers in 1963. Credited with popularizing reggae music, the Wailers toured the world and had several hit songs in the ska and rocksteady styles.
Adv Sipho Mantula Human Rights activist, researcher and cultural analyst
Social Development MEC in the Eastern Cape, Siphokazi Lusithi is rolling out a R36 million sanitary dignity pack campaign targeting schoolgirls in the prov-ince. This is after several indications that feminine hygiene products is another silent pandemic that confronts poor, vulnerable and marginalised girls. The campaign is targeting several schools across the Eastern Cape – and expected to run until March 2022. To talk more about this campaign, we are joined on the line by
Mrs Siphokazi Lusithi MEC of Social Development MEC in the Eastern Cape
BUSINESS WRAP
Bandile Mathandela Market analyst
• Dividend growth should recover in 2021, Fairvest says • Transnet Calls for End to Total’s South African Oil-Tariff Break • The Yemen conflict has been great business for SA arms dealers • Third wave may force Momentum Metropolitan to raise provisions agai
UNDER THE MICROSCOPE
Today, 03 March, is the International Sex Worker Rights Day. It’s commemorated globally every year to recognise sex workers’ rights. It is said the focus on activities this year will be the human rights violations experience across the spectrum: physi-cal and sexual violence, stigmatisation; barriers to access justice and health care and in particularly labour rights.
To speak to us Megan Lessing Sex Workers Education and Advocacy Taskforce (Sweat) Media Advocacy Officer
TECH CONVERSATIONS
India sold telecom spectrum worth R160-billion as operators look to add 4G capacity and focus on 5G. Reliance Jio Infocomm Ltd. led the demand, according to reports, followed by Bharti Airtel Ltd. The Department of Telecom-munications received bids for 849.2 megahertz of spectrum in the auction, according to a statement.
To chat more Yamkela Spengane Technology researcher
BUSINESS WRAP II
The Black Management Forum, BMF, is celebrating 45 years this year and is going to host a series of African Leaders lectures. The inaugural lecture takes places tomorrow, Thurs-day, presented by Reverend Dr. Al Sharpton under the theme "45 years of Driving Ethical Leadership and Meaningful Transformation in South Africa".
To speak to us Andile Nomlala BMF President
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• ARM reports record headline earnings, thanks higher metal prices • Expanded Public Works Programme suffers massive ‘Covid contraction’ • Reserve Bank mulls creation of SA-only cards to compete with Visa and Mastercard • Rio Tinto chair to leave over handling of Australia heritage sites
UNDER THE MICROSCOPE
The higher education sector is currently accepting new students after the ma-tric results were announced last week. How are things going over there, the readiness and plans for the students who have not been accepted yet. And, there’s also the issue of NSFAS.
To talk more
Buti Manamela Deputy Minister of Higher Education, Science and Innovation
SMME xChange
SMME’S and legal matters
What are some of the common legal challenges faced by small businesses and what is the best way to resolve them? And, considering that some small busi-nesses cannot afford to have lawyers on retainer, what would be the way way for small businesses to keep themselves up to date on all legal matters?
Joining us Maushami Chetty CEO of AArya Legal
BUSINESS WRAP
Makwe Masilela Founder and CIO - Makwe Fund Managers
• Cashbuild results • Nigeria’s Costly Fuel Subsidies Back After Crude Price Spike • Glencore 'used relationship' with Ramaphosa to 'extort' Eskom, former CEO Brian Molefe claims • Despite cash constraints City Lodge opens new Waterfall City hotel
UNDER THE MICROSCOPE
The new minimum wage of R21.69 for each ordinary hour worked officially took effect today, 1 March 2021. Sector-specific changes will also be intro-duced on the same day, including: Farmworkers are entitled to a minimum wage of R21.69 per hour; Domestic workers are entitled to a minimum wage of R19.09 per hour; Workers employed on an expanded public works pro-gramme are entitled to a minimum wage of R11.93 per hour.
To talk more in terms of the processes and enforcement
Mr Thembinkosi Mkalipi Chief Director: Labour Relations: Department of Labour
SHOP STEWARDS CORNER
It is reported that public sector unions want a general salary rise of consumer infla-tion plus 4% for all workers, according to a labour document presented today as talks began over a new wage deal. The list of 16 demands include better housing payments and a risk allowance of 12% of basic salary because of the Covid-19 pandemic.
To talk more Mugwena Maluleke General Secretary - SADTU
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• Unions will ask for CPI plus 4% in 2021 public sector wage talks • Bidvest still on the hunt for acquisitions as Covid-19 boosts hygiene demand • SABC wants ‘household levy’ to fund public broadcasting • Sea Harvest Limited financial results
KULTURE TALK
Studying in a foreign country. Studying in Japan.
Japan says it has a number of study opportunities, scholarships and bursaries, for international students who would like to study in that country. About 140,000 international students from more than 170 countries and re-gions of the world are studying at higher educational institutions in Japan. It says there are many scholarships for which one can apply there in Japan, and many of those cater for only students of foreign nationalities. These are also available to South Africans.
These opportunities are available for those have recently passed their Matric, BUT ALSO to young people in their 20s and 30s (and even 40s), who would like to further their careers or broaden the scope of their opportunities.
To speak to us
Professor Sarama Tsunoda Study Abroad Coordinator at the Study in Japan Global Network Project
BUSINESS WRAP
Karl Givers Head of Research, Benguela Global Fund Managers
• Royal Bafokeng Platinum trading statement • Mondi PLC full year results • Implats to invest R10 billion in Limpopo and Zimbabwe mines • Municipal purse strings caught in tightening noose
2021 Budget Speech - The analysis
Guests:
Busi Sibeko Economist and researcher at the Institute for Economic Justice
Isaah Mhlanga Executive Chief Economist - Alexander Forbes Investments
And
Michael Sachs Adjunct Professor at the Southern Centre for Inequality Studies at the Univer-sity of the Witwatersrand
BUDGET SPEECH AUDIO
Mboweni - fiscal prudence the best way forward Mboweni - Senzo Mchunu working alongside the labour unions + Youth employ-ment services Mboweni - SARS
Guests:
Busi Sibeko Economist and researcher at the Institute for Economic Justice
Isaah Mhlanga Executive Chief Economist - Alexander Forbes Investments
And
Michael Sachs Adjunct Professor at the Southern Centre for Inequality Studies at the Univer-sity of the Witwatersrand
BUDGET SPEECH AUDIO
Mboweni - fiscal prudence the best way forward Mboweni - Senzo Mchunu working alongside the labour unions + Youth employ-ment services Mboweni - SARS
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• Budget in a nutshell • Eskom unbundling expected to be completed by December 2022 • Government targets tax incentives because of ‘persistent trade-off • Spur corporation trading statement
UBER CLASS ACTION
London-based law firm Leigh Day and Johannesburg-based Mbuyisa Moleele Attorneys have announced plans to introduce a class action lawsuit against ride-sharing service Uber. The firms said that the class action will be filed in the Johannesburg Labour Court against Uber BV and Uber SA on behalf of South African Uber drivers. The claim is based on the drivers’ entitlement to rights as employees under South African legislation and will seek compensation for unpaid overtime and holiday pay.
To speak to us
Richard Meeran Head of International Claims Dept at Leigh Day (law firm)
BUSINESS WRAP
Makwe Masilela Chief Investment Officer and founder; Makwe Fund Managers
• Unemployment rate reached 32.5% in fourth quarter of 2020 • Sibanye banking on electric car boom with bid for 30% stake in Finnish lithium miner • M&R trading statement • Class action lawsuit: 'Exploited' SA Uber drivers must be recognised as employees - law-yers
UNDER THE MICROSCOPE
The 2020 matric pass rate has dropped to 76.2% from 81.3% the previous year. Basic Education minister Angie Motshekga made the announcement during the re-lease of the matric results this afternoon. The Class of 2020 is the seventh group of grade 12s to write their exams under the Curriculum and Assessment Policy State-ment (CAPS) system. It is also one of the most unique groups of matrics that finish the year amid tumultuous times, such as the global coronavirus pandemic.
To chat more
To speak to us Professor Moeketsi Letseka The UNESCO Chair on Open Distance Learning (ODL) at UNISA
SHOP STEWARDS CORNER
The SA Federation of Trade Unions (Saftu) is taking their nationwide general strike to Par-liament this week as it accuses the government of not doing enough to uplift South Afri-cans from the ravages of poverty, growing unemployment and inequality. The federation indicated that its organised strike action had been designed to coincide with Finance Min-ister Tito Mboweni’s Budget Speech which is scheduled for this Wednesday as it wanted to sharply raise and draw SA’s socio-economic woes to the attention of the nation.
To speak to us Zwelinzima Vavi Saftu general secretary
USINESS WRAP
Sinesipho Maninjwa CA and market analyst
• Sasol interim results • South African banks are now allowed to pay dividends – and exec bonuses – again • TymeBank tiptoes into lending • Delivery pick-up points on the rise as ecommerce grows
KULTURE TALK
Weaam Williams Filmmaker and producer - District Six Rising from the Dust (a doccie)
The film was produced over a period of six years from January 2013 to August 2019, and details her experience of intergenerational trauma, as she relearns a historical ancestral story from a different perspective.
(2021) - District Six Rising from the Dust, won Best Original Story at the Florence Film Awards in Italy, a day before the 55th year commemoration of forced removals and the area declared a whites-only group area.
With her mother and ancestors always speaking fondly of memories in District Six, Williams shared that none of this included the forced removals. She moved into District Six, a home restituted to her late grandfather, and so started the conversation with her mother and elders.
The film details the expropriation of the family’s home under the Group Areas Act, and the destruction of her grandfather’s tailor shop, Hartley Tailors.
“After I moved out at the end of 2018, it took a few months for me to process why I had to leave. And shot the conclusion to the film in August 2019, I decided towards the end of last year to start submitting the film to festivals again, and it has been very well received, with quite a few official selections already, two finalist positions, an honorary mention and two awards. We had won an award previously for this film at the Scandinavian International Film Festival.” Williams’ recently released Two Hues, her first fiction short film, was awarded Best Short Film at the Beyond the International Curve Film Festival, in Paris, and is now being developed into a feature film.
Weaam Williams, is a Muslim woman screen-writer, director and poet. She has found her voice as a woman and activist using cinema. She is a member of the Film Fatales and owner of Tribal Alchemy Productions, an independent production company which specialises in video and photographic productions. “Weaam Williams can be descri
THOUGHT LEADER THURSDAY
Dr Aslam Dasoo Medical doctor and convener - Progressive Health Forum
His background as an activist His passion for equitable healthcare access What PHF is and what it aims to do The country’s handling of Covid-19
19:43
BUSINESS WRAP
Zwelakhe Mnguni CIO and co-founder at Benguela Global Fund Managers
ArcelorMittal accident: 3 bodies found as unions urge company to widen scope of probe Sibanye Stillwater results Merger of stores owned by Massmart with black-owned wholesaler to save over 600 jobs Air France-KLM waiting for new bailout on liquidity issues
UNDER THE MICROSCOPE
Department of rural development and land reform
A story of an award-winning Western Cape pig farmer, Ivan Cloete, who, according to the story has been evicted from his farm to make a way for an MK veteran. The story says on 01 February a delegation from the Department of agriculture, land reform and rural development notified Cloete that his lease was terminated. Ivan Cloete is coloured and has been leasing a state-owned farm in the Darling area of the Western Cape for the past couple of years.
To understand this better
Mcebisi Sikwatsha Deputy Minister of Department of agriculture, land reform and rural development
TECH CONVERSATIONS
The spectrum auction is being opposed by MTN in the Johannesburg high court and Telkom in the Pretoria high court. Both say it is unlawful and should be set aside in its current form. Telkom wants the court to review Icasa's conditions for the application of the spectrum. Spectrum is the radio frequencies allocated to phone companies and other industries for communication over the airwaves. The more spectrum a telecommunication company has, the more services and offerings it can offer.
To speak to us
Siyabonga Mahlangu Group executive for regulatory affairs at Telkom
BUSINESS WRAP
Bandile Mathandela Market analyst
SA’s AstraZeneca shots will go to AU at no cost to fiscus Dis-Chem reports sales boost as consumers seek to be healthier British American Tobacco Blue Labels Telecoms trading statement
UNDER THE MICROSCOPE
Financial assistance offered by the Unemployment Insurance Fund’s Temporary Employer/Employee Relief Scheme (TERS) will be extended to businesses and workers in certain sectors which have suffered prolonged distress due to lockdown restrictions. The application process originally ended on 15 October 2020 but was recently extended until 15 March 2021. President Cyril Ramaphosa heeded the calls for an extension and announced, during his State of the Nation Address on Thursday night, that TERS benefits would be reinstated but “only for those sectors that have not been able to operate”.
To speak to us Makhosonke Buthelezi UIF’s Director of Communication and Marketing
SMME EXCHANGE
Writer and researcher, T O Molefe wrote recently that recent proceedings in Parliament make clear that South Africa is unlikely to establish a dedicated national Co-operative Development Agency (CDA), proposed initially in 2011 in response to reports of high failure rates among co-operatives. He also mentioned that the possibilities are that the CDA will be relegated to being a division in a new SME and co-operative development mega-agency.
T.O Molefe Co-operative worker and researcher
BUSINESS WRAP
Makwe Masilela CIO and founder, Makwe Fund Managers
Electricity tariffs to rise 15% The Spar Group trading update Denel could run out of cash by end of next month, Congo president names mining company CEO as prime ministe
UNDER THE MICROSCOPE
Judge Raymond Zondo has instructed the legal team at the Commission of Inquiry into State Capture to bring contempt of court charges against former president Jacob Zuma in the Constitutional Court after he failed to appear before the inquiry despite being summonsed. The court ruled in January that former President Zuma was compelled to appear and testify before the commission. Zuma has been implicated in State Capture by more than 40 witnesses.
Legally, does president Zuma still have a leg to stand on?
To speak to us Mpumelelo Zikalala Legal expert and attorney
Former president Jacob Zuma has hit back at the Zondo Commission of Inquiry into State Capture and justified his decision not to appear before it even after he was instructed by the Constitutional Court to do so. He released a 12 page statement.
To speak to us Samkele Maseko SABC political reporter SAMKELE MASEKO
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
Biden Faces South African Push to Extend Trade Concessions KPMG SA to cease consulting services to listed audit client Shoprite operational update Momentum trading statement
UNDER THE MICROSCOPE
The increase in the national minimum wage, with effect from March 1, is likely to lead to further job losses in the agricultural sector. Agricultural organisations said employers might not be able to absorb these increases, and if they did, this could mean an increase in food prices.
Is this the case?
Joining us is
Malapane Thamaga Independent agricultural economist
TECH CONVERSATIONS
Recently, Teraco Data Environments concluded its biggest fundraising round to date, securing R2.5-billion from Absa and other lenders that will be used to build a giant new data centre east of Johannesburg. The facility is called JB4 and will be the largest data centre in Africa once it is built.The company said these funds will be used together with its own money to finance the building of the facility.
To speak to us Jan Hnizdo CEO - Teraco Data Environments
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
Judgment criticises corporate scare tactics against mining activists At-home booze consumption drives global demand for Nampak's cans Goldfields trading statement Mineworkers Investment Company commits $10m to Knife Capital
UNDER THE MICROSCOPE
The Sefako Makgatho Health Sciences University (SMU) says it will continue conducting tests on the safety and efficacy of a herbal product from the M5 MediGroup. M5 MediGroup approached the university in 2020 to conduct tests to provide proof that their product presented a potential “alternative remedy” for Covid-19. Last month, the traditional healers group handed over samples of their herbal product to SMU.
To speak to us Molatelo Mahapa Legal advisor - M5 MediGroup
SMMExChange
SMMEs and the financial year end
The financial year-end for a number of SMMEs in coming to an end on the 28th of Feb. What are some of the things SMMEs need to do before wrapping the financial year?
Karabo Mashugane SMME expert and founder of 2020 Insight
BUSINESS WRAP
Makwe Masilela Chief Investment Officer and founder - Makwe Fund Managers
Acsa is looking at selling cargo terminals, hotels, worth R4.5bn amid Covid-19 troubles Nedbank took R191m to be a ‘cardboard cutout’, and paid eye-watering commissions – report Virus crisis pushes Total into massive $7.2bn annual loss All the new minimum wages in SA – with big increases for domestic workers
UNDER THE MICROSCOPE
South Africa’s vaccine rollout was supposed to start this week and has been derailed after the Department of Health halted the distribution of the distribution of the Oxford/AstraZeneca vaccines after a new study found the vaccine provided minimal protection against the 501Y.V2 variant identified in South Africa
Is this a crisis and how is SA doing so far in this vaccination programme?
To speak to us Prof Mosa Moshabela UKZN Deputy Vice-Chancellor Research & Innovation and Chairperson of the Committee on Health at ASSAf (The Academy of Science of South Africa)
SHOP STEWARDS CORNER
The Vaccine Programme and healthcare workers
Nehawu said it appreciates the transparency in the handling of the COVID-19 pandemic and the vaccination programme. It also made a call for government to refrain from confining its search for vaccines to Western and European manufacturers only but to widen its search other countries for possible vaccines. It also said it will continue to encourage its members and workers to take the vaccines
To chat more;
Zola Sapeta Nehawu SG
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
Telkom sees 40% surge in mobile service revenue Why Treasury is suddenly swimming in cash Brent breaks $60 a barrel on oil demand recovery hopes Meet Nigerian Corruption Cop Lagarde Expects Will ‘Rock’ WTO
KULTURE TALK
Masande Ntshanga
MASANDE NTSHANGA is the author of the acclaimed novels The Reactive (2014), shortlisted for the 2015 Barry Ronge Fiction Prize and longlisted for the 2015 Etisalat Prize for Literature and Triangulum (2019), shortlisted for the 2020 Nomo Awards for Best Novel, as well as author of the chapbook Native Life in the Third Millennium (2020), a collection of poetry and prose.
He also established Model See Media, or MDL SEE, calling it a “public sphere intervention and the world’s first pop-up publisher of experimental literature, art and code”.
Masande Ntshanga Award winning author and publisher
THOUGHT LEADER
Ntombizozuko ‘Zozo’ Dyani-Mhango is a Professor in the Department of Jurisprudence, Faculty of Law, University of Pretoria. She holds LLB and LLM degrees from the University of the Western Cape, and Doctor of Juridical Science (SJD) (LLD per SAQA) degree from the University of Wisconsin-Madison, USA. Her doctoral thesis is titled: ‘Sexual Violence During Armed Conflict in Africa and the African Union’s Right to Humanitarian Intervention: Implications, Challenges and Solutions’. She is also an Admitted Advocate of the High Court of South Africa.
She has been recently has been selected to join the Pan-African Scientific Research Council as an inaugural fellow.
She joins us Prof Zozo Dyani-Mhango Professor in the Department of Jurisprudence, Faculty of Law, University of Pretoria
BUSINESS WRAP
Bright Khumalo Analyst at Vestact Asset Management
SABC backs proposal for government to hire retrenched workers Board exodus won't stop implementation of Mpati Commission recommendations - PIC Aviation safety regulator sounds alarm after 14 accidents in January Harmony Gold
UNDER THE MICROSCOPE
Social Relief of Distress (SRD) grant
Some organisations are calling on the president to extend and increase the R350 Social Relief of Distress (SRD) grant to R585 a person. The organisations are also calling for the unduly harsh and narrow criteria for accessing the grant to be reassessed.
To speak to us Natasha Vally C19 People’s Coalition ( and Sociology Lecturer, UCT)
TECH CONVERSATION
The rise of the investment apps and the impact in the capital markets
It is said the video game retailer GameStop was struggling to survive even before the pandemic struck, and Covid-19 only worsened its ailing condition. Hedge funds on Wall Street smelled blood and took out massive bets that the company’s shares would drop, maybe even to zero—so-called short trades or short positions. Meanwhile, a group of stock market enthusiasts who congregated in an online chat room—Reddit’s WallStreetBets—came to the realization that they might just be able to beat the Wall Street guys at their own game. It took time, but they did just that, aided and abetted by commission-free trading platforms like RobinHood.
To talk more on these investment apps
Toby Shapshak Editor-in-chief and publisher of Stuff magazine
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
Greyhound bus lines to close down Hulamin lauds import duty on rolled aluminium FirstRand engagement on remuneration fails to pack a punch Decision on SAA equity partner expected by March
UNDER THE MICROSCOPE
HEALTHCARE WORKERS AND THEMBISA HOSPITAL
The Young Nurses Indaba Trade Union is rejecting the findings of Health Ombudsman Professor Malegapuru Makgoba regarding the Thembisa hospital saying the report aims to absolve the Gauteng Health Department and to scapegoat nurses, doctors, clinical associates and food handlers instead.
Makgoba’s report found that there had been gross medical negligence at Tembisa Hospital, leading to the avoidable death of 34-year-old Shonisani Lethole, who went a cumulative 100 hours without being fed at the hospital.
To speak to us Lerato Mthunzi President - The Young Nurses Indaba Trade Union
SMME xChange
SMME expert Andiswa Batha says there are a number of opportunities for small business in under-explored sectors in South Africa saying the businesses that will survive – and even thrive – in a post-COVID-19 world are those that can remain alert for gaps in the market. She listed about 4 sectors that entrepreneurs could explore right now.
Andiswa Bata is also the FNB Business Regional Head – Gauteng South West
She joins on the line Andiswa Bata
BUSINESS WRAP
Makwe Masilela Chief Investment Officer and founder - Makwe Fund Managers
Ford announces nearly R16bn investment in SA unit Vodacom boosts capex by 12% as spectrum auction nears SA’s Reddit army includes a group of teenagers who have seen eye-popping returns Lew Geffen Johannesburg franchise applies for business rescue
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
Minerals Council attacks Ramaphosa’s slow economic reforms DRDGold flags bumper first half as it cashes in on high prices GameStop rally reignites as retail traders step back in Chinese smartphone maker Xiaomi launches legal complaint against U.S. to protect its interests
KULTURE TALK
SIBONGILE KHUMALO TRIBUTE
Tributes are pouring in for jazz legend Sibongile Khumalo who passed away today. Her singing talents range from opera to jazz, choral music and musical theatre. She has been lauded as one of the great singing talents of her time, and has inspired the creation of new music by South African composers, both in the classical art song, opera as well as jazz genres. Sibongile had music degrees from the universities of Zululand and Wits, and has been conferred with honorary doctorates by Rhodes University (D. Mus-Honoris Causa,) the University of Zululand (D. Phil-Honoris Causa), and the University of South Africa (D. Musicology-Honoris Causa).
In 2008 she was the Order of Ikhamanga in Silver
Percy Mabandu Writer and art historian
THOUGHT LEADER
Born and raised in Zimbabwe, Simukai Chigudu is Associate Professor of African Politics at the University of Oxford, UK. He is principally interested in the social politics of inequality in Africa, which he examines using disease, public health, violence, and social suffering as organising frameworks for both historical and contemporary case studies.
His academic background - training in Medicine at Newcastle University, Public Health at Imperial College London, and African Studies at the University of Oxford before completing his DPhil at ODID. He has previously worked and conducted research in Zimbabwe, Uganda, The Gambia, Tanzania and South Africa. Prior to academia, he was a medical doctor in the UK’s National Health Service where he worked for three years.
He joins us
Dr Simukai Chigudu Associate Professor of African Politics & Fellow of St Antony's College Oxford Department of International Development University of Oxford
BUSINESS WRAP
Bright Khumalo Analyst at Vestact Asset Management
Italtile trading statement Clicks Group trading update Apple sales hit record as Huawei’s plummet Kenya in First Recession Since at Least 2000 on Virus Curbs
NDER THE MICROSCOPE
The SA Health Products Regulatory Authority (Sahpra) announced today that it had authorised a limited “compassionate and controlled access programme” for Ivermectin to be used to treat Covid-19. To date, the drug is not authorised for human use in SA.
What is this drug, what does it do and how safe is it?
Dr Nathi Mdladla Associate professor and chief of ICU at Dr George Mukhari Academic Hospital and Sefako Makgatho University
TECH CONVERSATIONS
Today we shine a spotlight on 3Dimo, a start-up that has created new technological ways to detect disease in livestock as early as possible. It developed the Thola infrared imaging tool which helps small and medium scale farmers, who are at the most risk of losing their income. Its vision is to empower farmers globally with data insights that will help to monitor livestock health and welfare.
To speak to us Nneile Nkohlise Founder - 3Dimo
BUSINESS WRAP
Bandile Mathandela Market analyst
African Bank: The good, the bad, and the worrying Lewis Group trading update Sweden is withholding vaccine payments to Pfizer as it suspects it is being overcharged TikTok’s owner transcends a contentious yea
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Unions and other other organisations have voiced their concerns regarding the plans to cut the CCMA’s budget. It is reported that R600 million budget cut is expected over the next three years. It is said Since 1 December 2020, the CCMA has stopped the use of part-time commissioners and has only been functioning with full-time commissioners.
To talk more
Nandi Vanqa-Mgijima Head of Women’s Organising at Casual Workers Office Advice
SME EXCHANGE
The Department of Tourism, led by Minister Mmamoloko Kubayi-Ngubane, today officially launched the Tourism Equity Fund (TEF). The TEF was established by the Department of Tourism in partnership with Small Enterprise Finance Agency (SEFA) to deepen transformation in the sector.
To talk to us
Mmamoloko Kubayi-Ngubane
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
Global competition over vaccines may prolong crisis, Cyril Ramaphosa tells WEF Eskom warns North West winds may affect network and infrastructure Nigerian Central Bank Keeps Analysts Guessing on Rates No Flash? No problem! Sars releases its own web browser
The 2021 local government elections are said to take place later this year.
The 2021 local government elections are said to take place later this year. How are the preparations going?
Sy Mamabolo IEC Chief Electoral Officer
The pandemic and the preparations The idea from some political parties to postpone Postponing the by-elections The political funding bill Voter registration The PAC
The pandemic and the preparations The idea from some political parties to postpone Postponing the by-elections The political funding bill Voter registration The PAC
SHOP STEWARDS CORNER
The ANC wants the government to consider extending the R350 relief grant paid to unemployed South Africans to mitigate the economic affect of Covid-19. The SACP and Cosatu have also argued that the grant be converted into a universal basic income grant.
Cosatu has also attacked the ANC for everything from delays in securing Covid-19 vaccines to failing to provide income support for workers affected by the pandemic. It also challenged the need for a new plan submitted to the panel by the ANC’s Economic Transformation Committee.
To speak to us Sizwe Pamla Cosatu National Spokesperson
BUSINESS WRAP
Sinesipho Maninjwa Market analyst and CA
Woolworths trading update Cashbuild operating update South Africa Stocks Rally to Record as Tencent Surge Boosts Naspers Like Airbnb, but for film sets in SA – here’s how homeowners can earn more than R10,000 a day
KULTURE TALK
Lady Skollie was born in 1987 in Cape Town, South Africa.
The artist uses ink, watercolour and crayon to defy taboos and talk openly about issues of sex, pleasure, consent, human connection, violence, and abuse. Her work is simultaneously bold and vulnerable, expressing the joy and darkness of the erotic and the duality of human experience.
The artist’s work has been exhibited widely across South Africa, and international solo exhibitions include Lust Politics, Tyburn Gallery, London, UK (2017), Fire with Fire, solo project at FNB Joburg Art Fair, Johannesburg, South Africa, and Mating Dance, solo project at AKAA Art Fair, Paris, France
Lady Skollie has received the 2020 FNB Art Prize. She is the 10th FNB Art Prize recipient, joining a prestigious list of winners since the launch of the prize in 2011.
Her recent exhibition, Bound, is inspired by writings of women in captivity
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Uber Eats drivers in South Africa plan to embark on a nationwide strike on Friday, January 22 over delivery fee cuts that are drastically reducing their earnings. Drivers will remain offline on Friday, and pickets are planned outside big food outlets. A group will also protest outside the Sandton Uber office. The drivers are demanding an increase in the pick-up fee from R10 to R20, and for R6 per kilometre driven after the first two kilometres, instead of the current R4.
To talk to us Duane Bernard Uber Eats Driver and organiser at Uber Drivers Partners SA
TECH CONVERSATIONS
Facebook’s legal team has told the Competition Tribunal that citizen engagement platform GovChat is “breaking all the rules” in how it uses WhatsApp’s business platform. This week marked the days of hearings in the dispute involving GovChat, Facebook and WhatsApp. The dispute comes as a result of the world’s largest social media platform, Facebook, wanting to off-board GovChat from its popular messaging service, WhatsApp.
To speak to us Yamkela Sphengane Technology researcher
BUSINESS WRAP
Bandile Mathandela Market analyst and CEO of Aurum Innova
SA’s average annual inflation fell to 16-year low in 2020 Sibanye Stillwater production update Oil Producers Face a Long Haul Back to Business as Usual Biden Plans Sweeping Executive Orders to Unwind Trump Legacy on Day One
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Medical Aid racial profiling
Medical schemes and administrators are 1.4 times more likely to conclude black healthcare practitioners have committed fraud, waste or abuse than their nonblack counterparts, according to the interim findings of an investigation into racial profiling commissioned by the industry regulator.The interim report was released this morning. The investigation was launched in 2019 by the Council for Medical Schemes (CMS) in terms of section 59 of the Medical Schemes Act, after complaints by black medical practitioners that they were being unfairly targeted.
To speak to us Adv Tembeka Ngcukaitobi Chair of the investigation panel
SMME XCHANGE
What are some of the things small business entrepreneurs need to look out for before taking a shopping mall lease. Is it always advisable to do so?
Monalisa Sam Retail property expert
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The Vaccine Strategy
The SA vaccine strategy (of lack of) is continuing to be debated as SA prepares to rollout the largest vaccination drive in history. Questions on preparedness, distribution and even procurement are still lingering.
To speak more
Russell Rensburg Health economist and Director of the Rural Health Advocacy Project And Dodo Mogajane National Treasury DG
SHOP STEWARDS CORNER
The Federation of Unions of South Africa (Fedusa) has called for a moratorium on all retrenchments and potential ‘future processes’, in an effort to preserve jobs during the country’s Covid-19 lockdown. It says all possible avenues must be considered instead of continuously using workers as scapegoats.
To speak to us Godfrey Selematsela President - Fedusa
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
Eskom Extends South Africa Power Cuts Due to Lack of Capacity WhatsApp retreats after user backlash, delays mandatory new terms Long4Life to bring forward share buyback option Bodies on floors, lack of burial space – small funeral directors feel brunt of SA’s second wave
Angelo Fick Analyst and Director of Research at ASRI (The Auwal Socio-Economic Research Institute)
Writer and researcher who has been in the broadcasting sector after more than twenty years teaching across disciplines in the humanities and social sciences, as well as the sciences and applied sciences. Specialist research topics include representation of 'race', gender, sexuality and class in South Africa, analysis of politics and political economy in South Africa and elsewhere across the continent, and issues in contemporary culture and democracy.
Lebohang Pheko Political economist and Senior Research Fellow at research and policy advocacy think tank Trade Collective
TECH CONVERSATIONS
Tonight we shine a spotlight on the work of Tumelo Sebatla, the co-founder of Enlabeler. The company provides data labelling solutions to clients across the country.
Tumelo Setlaba Head of Operations and co-founder; Enlabeler
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NELSON MANDELA BAY
EC Co-operative governance MEC Xolile Nqatha has declared Nqaba Bhanga’s election as the mayor of Nelson Mandela Bay “wrongful, unlawful and null and void”. This, Nqatha said, was because the election of Patriotic Alliance councillor Marlon Daniels as acting speaker, after speaker Buyelwa Mafaya was forcefully removed from chambers, was wrong because it was not presided over by acting city manager Mandla George or an official from Cogta
Nqaba Bhanga says only the courts and the motion of no confidence will remove him.
He joins us
Nqaba Bhanga NMB mayor
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ESKOM SOCIAL COMPACT
The government has restated its commitment to stabilising Eskom saying the cash-strapped power utility is a strategic asset that must be brought back to operational and financial stability. Deputy president David Mabuza said today that the government is fully behind the management of Eskom as it seeks to stabilise the utility to provide energy supply critical to inclusive economic growth, employment and poverty reduction.
Today, the Eskom social compact tabled by Cosatu last year at Nedlac was formally signed.
To speak to us Matthew Parks Cosatu Parliamentary Co-ordinator UNDER THE MICROSCOPE
ESKOM SOCIAL COMPACT
The government has restated its commitment to stabilising Eskom saying the cash-strapped power utility is a strategic asset that must be brought back to operational and financial stability. Deputy president David Mabuza said today that the government is fully behind the management of Eskom as it seeks to stabilise the utility to provide energy supply critical to inclusive economic growth, employment and poverty reduction.
Today, the Eskom social compact tabled by Cosatu last year at Nedlac was formally signed.
To speak to us Matthew Parks Cosatu Parliamentary Co-ordinator
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The government has announced a R1bn relief programme for subsistence farmers. The funds will provide successful applicants with as much as R9,000 each to help them tend their small-scale farms. Agriculture, land reform & rural development minister Thoko Didiza said the government plans to distribute the money by March. The programme is part of the economic stimulus package for small-scale food producers.
To speak to us Clinton Heimann Chief Director for Rural Development at the Department agriculture, land reform & rural development
THE SHOP STEWARDS CORNER
Solidarity went court last week to argue its case of contempt of court against Denel. Back in August Denel was given an order to pay all salary arrears and to meet the contractual and statutory obligations it has towards its employees. It’s also asking that the directors and the former CEO should be held in contempt of court for their failure to pay staff salaries
To speak to us Helgard Cronje Solidarity’s co-ordinator for defence and aviation
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Government and unions are battling it out in the Labour Appeal Court over government’s decision to unilaterally withdraw part of the agreement, which saw public servants not receiving salary increases in April. To speak to us Mugwena Maluleke General Secretary. - SADTU
TECH CONVERSATIONS
BrownSense recently launched their Pan-African online marketplace BrownSense.Africa. They say it’s a a first of its kind e-commerce and procurement platform that connects entrepreneurs to a dynamic and diverse market of clients on the rest of the continent and the world. To chat more Keitumetse Diseko CEO - Brownsense.Africa
ESKOM (SPONSORED - BOOKED FOR 5 MIN)
Eskom says it wishes to inform its customers that the existing national vending contract for prepaid electricity vouchers ended on November 30, with the new vending contracts took effect on December 1. This means that some customers may no longer be able to buy electricity tokens/vouchers from their usual vending points. To give clarity
Palesa Zwane Eskom Acting: FBE & Vending Manager- Gauteng
Remgro offers to buy R805m of RCL Foods shares to improve liquidity Distressed companies can apply for lower electricity tariffs Mars Throws Shade at Chocolate Rivals in Global Cocoa Fight Remote working inspired home improvement, says Italtile
The Nelson Mandela Bay is experiencing a possibility of a second wave and what would this mean for small businesses in that area? Also, how is the small business industry recovering post Covid in that part of the world?
To speak to us Olwam Mnqwazi MD of Black Hat Group
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WORLD AIDS DAY
Today is World Aids Day and UNAIDS theme this year is “Global solidarity, shared responsibility”. It says COVID-19 is showing once again how health is interlinked with other critical issues, such as reducing inequality, human rights, gender equality, social protection and economic growth. COVID-19 has demonstrated that, during a pandemic, no one is safe until everyone is safe.
Tonight we’re asking; when it comes to HIV vaccine - how far are we?
To speak to us Prof Linda-Gail Bekker Deputy Director, Desmond Tutu HIV Centre, Institute of Infectious Disease and Molecular Medicine, University of Cape Town (UCT),
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State Capture Commission
The gloves came off as former SA Revenue Service (Sars) boss Tom Moyane finally cross examined Public Enterprises Minister Pravin Gordhan at the Zondo Commission of Inquiry into State Capture today. Moyane’s legal counsel will cross-examined Gordhan on testimony that he presented in March last year before Deputy Chief Justice Raymond Zondo.
SHOP STEWARDS CORNER
Cosatu says it will report South Africa to the International Labour Organisation (ILO) for undermining collective bargaining agreements. The government and labour have been on a collision course since finance minister Tito Mboweni penciled in huge cuts to the public-sector wage bill in his Budget Review in February. To speak to us
Dr Joni Musabayana Deputy Director at ILO Pretoria Office
Sinesipho Maninjwa Market analyst and CA
South African Buyout Firms Take Equity in Zimbabwe Border Post Eskom served with summons for prosecution on air pollution Competition settlement: Only two construction firms up to date on payments Shosholoza Meyl is finally back. Here’s how much you will pay for long-distance trains
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OXFAM
The average South African CEO takes home as much as 461 black women from the bot-tom 10% of earners in the country, while on average a black woman earns a quarter of her white counterpart. This is according to an Oxfam South Africa report released yes-terday which says black women are at the centre of the intersecting axis of inequality perpetuated by race, class, education, gender and employment. The report, Reclaiming Power: Womxn’s Work and Income Inequality in South Africa, Oxfam SA said: “This report is the result of many years of working to understand poverty and inequality in the South Africa economy and seeks to expand the global conversation by looking at South Africa’s specific context of inequality and its structural drivers.
To speak to us Dr Basani Baloyi Oxfam South Africa Inequality Lead in the Economic Justice Unit
TECH CONVERSATIONS
Naspers has agreed to invest R45-million for a stake in online learning platform The Student Hub, which helps TVET colleges overcome physical infrastructure constraints.The investment is being made through Naspers Foundry. The Student Hub uses an online distance learning model and a blended learning model for students who attend classes in person at college campuses.
Hertzy Kabeya Founder and CEO of The Student Hub
BUSINESS WRAP
Nolwandle Mthombeni Market analyst
• Angola Plans to Sell Stakes in State Companies to Raise Funds • Finance ministry no-show slammed by MPs • ANC heavyweights fingered in EOH corruption storm • Yeboyethu • Lewis Group
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SABC
The SABC Board has announced it will suspend the planned retrenchments of about 400 employees until the end of the year. This will allow for consultations to take place between management and unions on the public broadcaster’s planned restruc-ture. The SABC intends to retrench 400 workers, but from those 170 will be re-employed in a newly structured SABC. The SABC says it is under pressure to save over R700 million in wages each year. In the last financial year, the SABC spent R2.35 billion on salaries and reported a loss of R511m.
SMME EXCHANGE
The Presidential Employment Stimulus is designed to support a spectrum of opportunities, focus-ing on job creation through public employment; on job retention in vulnerable sectors; on direct support to livelihood strategies; as well as on fast-tracking high-impact employment enablers.It sets out to create and support 800,000 job opportunities, with R12.6 billion committed in the cur-rent financial year and an investment of R100 billion over the next three years to support the re-covery of employment.
Regarding the arts industry;
The National Film and Video Foundation (NFVF) and the National Arts Council (NAC) are the two entities of the Department of Sports Arts and Culture, through which the Presidential Employment Stimulus Programme will be administered
The closing date for this one is this Monday, 30 November.
To speak to us Nomazulu Mda HOD: Operations at NFVF
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CREDIT RATINGS DOWNGRADE
South Africa sunk deeper into junk territory on Friday after Moody’s Investors Service joined Fitch Ratings in lowering the country’s credit ratings. Moody’s cut the nation’s foreign and local-currency ratings to Ba2, two levels below investment grade, from Ba1.The outlook remains nega-tive. Fitch cut the nation’s foreign and local-currency ratings to BB-, three levels below investment grade, from BB, also with a negative outlook. S&P on Friday kept its assessment of South Africa’s foreign-currency debt three levels below investment grade, with a stable outlook.
To chat more Dr Nthabiseng Moleko Development economist - Stellenbosch University
SHOP STEWARDS CORNER
DOMESTIC WORKERS AND MINIMUM WAGE
The National Minimum Wage Commission has published its annual review of the national mini-mum wage, including a proposal to equalise the wages of domestic workers with other employ-ees. In its proposal document published on Friday the commission recommended that the mini-mum wage of domestic workers be increased to 88% of the national minimum wage in 2021 and to 100% in 2022.
To comment on this
Myrtle Witbooi General Secretary of South African Domestic Service and Allied Workers Union (SAD-SAWU
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SABC FINANCIALS
Today, the SABC released its annual report for 2019/20 in which it indicated a net loss of R511 million, compared to the previous financial year which was R482.4 million. The SABC also recorded a 12% revenue decline year-on-year, to R5.7 billion, which has mainly been attributed to a decrease in advertising spend across its platforms. With two years before the term of office of his board ends, SABC chair Bonginkosi Makhathini said work of reviving the SABC was well on track with focus on the stabilising, sustaining and growing phases.
Audio; Madoda Makwe - SABC CEO
To speak to us Yolande van Bijon SABC CFO
SABC CRISIS
The SABC Newsroom Auckland Park employees have called Thor the resignation of management. The broadcaster last week announced that Section 198 notices have been issued to workers. The retrenchment of around 400 employees comes after the SABC initially announced the possibility of 600 employees facing retrenchment in June.
This is what happened today at the SABC Newsroom
AUDIO - SABC employees
To speak to us Aubrey Tshabalala - General Secretary of the CWU
SMME EXCHANGE
South Africa’s first solely black-woman-owned private equity fund for underrepresented tech startups, Khula Lula, has officially launched. It aims to address the existing gap of South African women involved in early-stage entrepreneurial activity, by bolstering female entrepreneurship and underrepresented tech startups. Its focal point is black women founded tech startups.
To speak to us
Milisa Mabinza Founder: Khula Lula
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SCHOOL NUTRITION
Equal Education (EE), Equal Education Law Centre (EELC) and SECTION27 say they are still urging the Department of Basic Education (DBE) to develop ways to get National School Nutrition Pro-gramme (NSNP) meals to learners who cannot access scholar transport to fetch meals on the days when they are not in classrooms. They have also recommended that the department arrange food parcels or vouchers for learners. They also want learners to be reminded that meals can also be collected at schools closest to where they live.
To speak to us Stacey Jacobs Equal Education Education Researcher
SHOP STEWARDS CORNER
Labour federation Cosatu has given the ANC an ultimatum to implement a wage increase agree-ment for public servants or lose votes in next year’s municipal elections. Cosatu president Zingiswa Losi said workers are tired of broken promises, corruption, retrenchments and the gov-ernment’s attacks on collective bargaining. Cosatu has also called for Cosatu also called on the government to extend the Covid-19 Temporary Employer/Employee Relief Scheme (Ters) until the end of December.
To speak to us
Sizwe Pamla National spokesperson - Cosatu
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The EFF has vowed to descend on Brackenfell “in its entirety and ensure nothing operates” after today’s violent clash with residents. The party has condemned the attacks against its members after a protest outside Brackenfell High School against alleged racism turned violent.
To speak to us
SHOP STEWARDS CORNER
TERS
It is said the government and social partners are exploring possible alternative arrangements to provide relief to workers affected by Covid-19 and, at the same time, the long-term sustainability of the Unemployment Insurance Fund (UIF). Partners at National Economic Development and La-bour Council (Nedlac) have voiced their displeasure at the possible termination of the scheme. Minister of Employment and Labour Thulas Nxesi said meetings on Friday morning were held be-tween partners as well as actuaries of the UIF, the Public Investment Corporation (PIC) and the Treasury.
To speak to us Makhosonke Buthelezi Spokesperson - UIF
BUSINESS WRAP II
Starbucks in South Africa says it plans to open eight new stores in the four weeks from mid-November to mid-December, despite Covid-19 economic turmoil, as it expands its footprint. The stores will be opened in Cape Town, Stellenbosch, Johannesburg and Pretoria. The move will see the company employ 69 full-time employees and promote 21, bringing the total complement of permanent employees to 300.
To speak to us Adrian Maizey Chief executive of Rand Capital Coffee
HIGHER EDUCATION FUNDING.
The Treasury is proposing a review of the financial support provided to students in tertiary education, as it seeks to rein in expenditure and stabilise debt. Higher education is also among the departments forced to help fund the implementation of the government’s rescue plan for state airline SAA, losing R1.13bn from its budget for the 2020/2021 fiscal year to help prop up the ailing state-owned enterprise.
Athenkosi Mabona National organizer - SASCO
KULTURE TALK
Lerato Motaung is a visual artist based in Johannesburg. Following his training in drawing at the Johannesburg Art Gallery (2008) and in sculpture in Katlehong Art Center (2009), he received his Diploma in Fine Arts in 2015 from the Tshwane University of Technology in Pretoria. For his primary means of expression, mixed media paintings, Motaung draws inspiration from his memories informed by his life experiences in three different environments; the metropolitan area of Johannesburg where he lives and works, the suburban ambiance of Katlehong township and the rural North West Province (where he grew up).
He is the recent winner of the 2020 Emergence Art Prize. The prize, which aims to propel the careers of new, emerging talent from South Africa, includes a residency in Germany and a cash prize of R80 000.
He joins us
Lerato Motaung Artist
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The medium-term budget policy statement - The analysis
Busi Sibeko Economist and researcher at the Institute for Economic Justice ( IEJ).
TECH CONVERSATIONS
SMART MOBILITY
The Gauteng Department of Public Transport and Roads Infrastructure yesterday launched the provincial Smart Mobility 2030 plan that seeks to eradicate transport challenges and use transport as a catalyst to boost the economy of the province. The Smart Mobility 2030 Plan focuses on the current transport scene and consolidates various plans into an integrated plan that will be used to improve transport systems in the province.
To speak to us
Jacob Mamabolo MEC for Public Transport and Roads Infrastructure in Gauteng
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So, the E-hailing companies Uber and Bolt have rejected the price regulatory aspect of government’s planned Economic Regulation of Transport Bill. The draft legislation, gazetted in December 2019, will see the establishment of the Transport Economic Regulator, which will establish the Transport Economic Council….
These are some of the discussions taking place at the Taxi Lekgotla taking place from this Thursday (which will also form part of our own discussion on Thursday night)
But, why is this Lekgotla so significant and what would make it a success?
Joining us
Siyabulela Fobosi Senior Researcher at UNESCO 'Oliver Tambo' Chair of Human Rights, Nelson R Mandela School of Law in the Faculty of Law at University of Fort Hare.
SMME xChange
Members of the Free State Black Business Chamber (FSBBC) have called on the Consumer Protector within the office of the FS Department of Economic, Small Business Development and Environmental Affairs, to shield them from their landlords who they accused of exploitation and stunting their business growth. The wrote a letter sometime last month complaining about some of the landlords in the Mangaung Metropolitan Municipality, specifically those based in the Bloemfontein Central Business District (CBD), who have issued them with notices to pay rent from March 2020, and threatened to cut-off their utility services if they failed to pay.
To speak to us Lucky Motsamai CEO of the Free State Black Business Council
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The National Taxi Lekgotla is taking place this Thursday. President Ramaphosa wrote today that he hopes the Lekgotla will result in a blueprint for a formalised taxi industry that plays a meaningful role in the mainstream economy and is effectively regulated. President Ramaphosa is expected to address the three-day national lekgotla which starts on Thursday. It is expected to bring together government, civil society and industry stakeholders and follows provincial makgotla that have already taken place in most provinces.
The National Taxi Alliance (NTA), SA’s second-largest taxi organisation, has pulled out of the national taxi summit.
To speak to us
Theo Malele National Taxi Alliance Spokesperson
SHOP STEWARDS CORNER
The Clover strike
What’s the latest regarding the Clover strike? Workers went on a strike demanding a 16% wage increase, and that all employees contracted by labour brokers be employed permanently by the company. The workers also accused Clover SA of passing on the Covid-19 financial burden to its workers. Clover SA offered a 5% increase from 1 July 2020, which was rejected and wage negotiations broke down.
What’s the latest on this
Charles Phahla Giwusa deputy-general
THOUGHT LEADER THURSDAY
Mervyn Abrahams Programme Coordinator - The Pietermaritzburg Economic Justice & Dignity Group
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The SABC has given labour unions a final opportunity to make their submissions on the looming retrenchment of 600 workers after consultations collapsed on Friday. The public broadcaster and unions failed to reach agreement during Friday’s consultations, which were facilitated by the Commission for Conciliation, Mediation and Arbitration (CCMA).
Duduetsang Makuse Save Our Sabc National Coordinator
SMME EXCHANGE
CREATING A LOCAL MARKET FOR LOCAL PRODUCTS
The Locally Yours Market is a monthly market where handmade arts, crafts and produce from local entrepreneurs are sold. They say, The Locally Yours Market is all about products that are handmade, grown, crafted, cooked, baked & designed right here in the Eastern Cape by local entrepreneurs who not only #supportlocal but have also started to
livelocal.
Analize Botha Founder; The Locally Yours Market
BUSINESS WRAP
Makwe Masilela CIO and founder - Makwe Fund Managers
Airlink boosted by Emirates partnership Steinhoff Why SA potato prices exploded by 140% in just four months BlackRock Says Scale of Restructuring May Exceed 2008 Crisis
Lebo Mulaisi COSATU Social Development Coordinator Sfiso Skenjana Chief economist and thought leadership executive at IQ Business Thabang Motsohi Organisational strategy consultant and author of book, Fit for purpose - Why leadership with contextual intelligence is key to sustainable organisational success
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PRISCILLA JANA - A TRIBUTE
AUDIO
1987 - The government has imposed severe restrictions on African National Congress leader Govan Mbeki, prohibiting from speaking in public or leaving Port Elizabeth. Priscilla Jena was his lawyer.
Tribute continue to pour for human rights lawyer Priscilla Jana who passed away. Jana dedicated her legal practice to representing political activists during the late 1970s and throughout the 1980s, one of the most turbulent and repressive periods of apartheid. She also represented the likes of former president Nelson Mandela, Walter Sisulu, Govan Mbeki, Ahmed Kathrada, Winnie Madikizela-Mandela, Archbishop Emeritus Desmond Tutu and Solomon Mahlangu.
To pay tribute is : Adv Thuli Madonsela Social Justice Chair and M-Plan Convener - Stellenbosch University and former PP
SHOP STEWARDS CORNER
Key players across the value chain in the clothing, textile, footwear and leather industry have teamed up in an effort to identify and execute on opportunities to deepen localization and bolster production in the sector. The Department of Trade and Industry last month convened a meeting to thrash out the plan for the sector. Minister of Trade, Industry and Competition Ebrahim Patel said plans are afoot to bring back more apparel and textile production to South Africa.
To speak to us Etienne Vlok SACTWU's National Industrial Policy Officer
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Authorities in Senekal, Free State confirmed that they have made an arrest in connection with the violence that erupted outside a local courthouse yesterday. Brigadier Motantsi Makhele revealed that they’ve apprehended a suspect, who is facing ‘multiple criminal charges’. It’s understood the male in custody is a local farmer.
Lirhandzu Themba Spokesperson for the Minister of Police
TECH CONVERSATIONS
Communications minister Stella Ndabeni-Abrahams yesterday announced the release of the Fourth Industrial Revolution (4IR) Commission Report for public consumption. This comes after cabinet last month approved the report, which was handed to President Cyril Ramaphosa in August. The minister said the report has “identified eight key priorities that are important for the country to focus on, both for government and the private sector, as well as civil society”.
To speak to us Prof Tshilidzi Marwala Deputy chair of the Presidential Commission on the Fourth Industrial Revolution and UJ Vice-Chancellor and Principal
Nolwandle Mthombeni Founder: Aluwelwa Consulting
Foschini wants to reduce Chinese imports, boosting factories in Western Cape Sirius says letting enquiries are picking up Reserve Bank bond buying picks up slightly in September Social-Media Users May Have to Get a Special License in Lesotho
BUSINESS WRAP 2
It is reported that SA Express employees have been given the green light to buy the struggling airline. The proposed ownership structure will see the government, represented by the public enterprise’s department sharing ownership of the airline with 691 employees, crowd investors and an anchor investor.
We spoke to the employees a few weeks ago. Let’s get the update
Thabisile Sikakane SA Express Employee Representative - Fly SAX
BUSINESS WRAP
Zwelakhe Mnguni Chief Investment Officer & Co-Founder at Benguela Global Fund Managers
Afrimat moves to put anthracite mine it is eyeing into business Wednesday’s strike will cripple an already frail economy, analysts warnhttps Loyalty programme helped Checkers steal R4bn market SAA: Dept of Public Enterprises needs to sign equity partnership with Ethiopian Airlines
UNDER THE MICROSCOPE
The SA Institute of Black Property Practitioners the public endorsement of the Mooikloof Mega City development is a concern and government’s unwillingness to address the issue of transformation in the property sector and built environment.
To speak to us Those Makhaola President - The SA Institute of Black Property Practitioners
SHOP STEWARDS CORNER
Cosatu says it’s all systems go for the Wednesday national stay away strike and has asked all workers to stay home. The protest against corruption, retrenchments, unemployment, gender based violence and attacks on collective bargaining. Workers embarked on a go slow from lunchtime today, implementing the ‘work-to-rule principle’, a form of protest in which employees do exactly what is stated in their contracts, and nothing more, as a means to slow down production.
To speak to us Matthew Parks Cosatu Parliamentary co-ordinator
Makwe Masilela Founder and CIO - Makwe Fund Managers
Ramaphosa lauds Balwin’s mega city development Groupe Canal+ takes 6.5% stake in MultiChoice Cambridge university makes $4.5bn fossil-fuel divestment promise Eskom gets tough with errant municipalities, grabs cash and land
THOUGHT LEADER
NIGERIA TURNS 60
Professor Adekeye Adebajo Director, Institute for Pan-African Thought and Conversation, University of Johannesburg
Professor Adekeye Adebajo is the former executive director of the Centre for Conflict Resolution (CCR) in Cape Town, South Africa, since 2003 and concluding in 2015. Previously, he had served on United Nations missions in South Africa, Western Sahara, and Iraq. He joined the University of Johannesburg as Director of the Institute for Pan-African Thought and Conversation in 2015, where he subsequently led the formation of the Institute for Global African Affairs within the auspices of the University of Johannesburg and the University of West Indies. Professor Adebajo’s primary research focus has been conflict and peace-making in the African continent, on which he has produced numerous books and articles as well as conference proceedings. His wide scholarship, however, branches into other related areas such as the various foreign policies of African states (primarily Nigeria and South Africa), international institutions, political leadership, the African diaspora, intra-African relations, as well as the continent’s relations with the rest of the world, and in particular with the US and Europe.
Bandile Mathandela Market analyst
Manufacturing conditions improve in September Nampak cans Africa growth, for now Discovery medical scheme freezes price hikes for six months Wendy Lucas-Bull to be new Shoprite chair
UNDER THE MICROSCOPE
Asbestos arrests
The Hawks have arrested several people, including prominent businessman Edwin Sodi, involved in the theft of more than R200-million from the Free State department of human settlements under the guise of an asbestos audit in that province. Up to seven people picked up in three different provinces are expected to make appearances at the Bloemfontein high court for charges related to fraud and corruption as well as contravention of the Public Finance Management Act. Five companies are scheduled to appear alongside them on Friday. The arrests came a day after Sodi — a director in one of the companies, Blackhead Consulting — appeared before the commission of inquiry into allegations of state capture, where he was questioned about payments made to civil servants, and prominent politicians in the ANC.
To understand the story better Busi Chimombe SABC Political Reporter
TECH CONVERSATIONS
Applications are open for the next AlphaCode Incubate programme which aims to identify, partner and grow innovative financial services entrepreneurs. Successful applicants will receive funding, guidance from performance coaches and a panel of advisory experts, access to AlphaCode’s co-working space and opportunities to apply for further early-stage investment. The Incubate programme has disbursed R30 million in funding to 31 black-owned financial services businesses over the past five years and is viewed as South Africa’s most prestigious fintech startup initiative.
To speak to us Andile Maseko Head of ecosystem development at AlphaCode
BUSINESS WRAP II
ACSA
South African borders will be open from tomorrow and will include air travel from countries that are not on the banned list. 57 countries are still banned so far. South African borders will be opened for business and leisure travel for international traveller’s subject to a number of restrictions for travellers.
Regarding international travel, how ready is Acsa?
Fundi Sithebe COO - Acsa
UNDER THE MICROSCOPE
Township entrepreneurship
The Gauteng Provincial Government is calling on all Gauteng residents to submit written comments on the Gauteng Township Economic Draft Bill. It says the proposed law seeks to enhance the regulation of the township economy in order to lessen the regulatory bur-den on local enterprises, enable growth and create much needed jobs.
You can download the document www.gauteng.gov.za
To speak to us
Thabo Masebe Spokesperson - Gauteng Provincial Government
BUSINESS WRAP II
Earlier today, Statistics South Africa revealed the results of the Quarterly Labour Force Survey Quarter 2: 2020. It says 2.2-million jobs were lost in the second quarter of 2020 during the lockdown. Overall unemployment fell from 30.1% in the first quarter to 23.3% in the second quarter.
To speak to us Risenga Maluleke Statistician-General
BUSINESS WRAP
Makwe Masilela Founder and CIO - Makwe Fund Managers • SA lost 2.2-million jobs in second quarter of 2020 • Tongaat: Deloitte in the firing line • ArcelorMittal to resume steel production at Vanderbijlpark • Mozambique Ex-President Faces Questions Over $2 Billion Debt
UNDER THE MICROSCOPE
SAA Funding
The Daily Maverick reports that when the Cabinet meets within the next two weeks, ministers will be asked to make more budget cuts in crucial service delivery programmes. This will be over and above the departmental budget cuts of at least 20% that were pencilled into the June supplementary budget…they will be asked to reprioritise funds to save SAA. SAA requires R10.4-billion to fund the implementation of its business rescue plan, which proposes paying unsecured creditors nearly R2-billion over three years, retrenchment packages worth R2.2-billion to 2,000 workers, and funding the restart of the airline’s flights in January 2021.
SHOP STEWARDS CORNER
The South African Federation of Trade Unions (Saftu) has confirmed that it will join Cosatu in a strike on Wednesday next week over the country’s economic policies. Saftu have have already submitted a notice to strike to Nedlac. SAFTU said Nedlac is excluding various unions from participating in its meeting and they want it to facilitate discussions on the high unemployment and issues of corruption among other challenges that the country’s economy is facing.
Joining us Zwelinzima Vavi SAFTU General Secretary
ROUNDTABE DISCUSSION
Creating and sustaining local economies through heritage
How we commercialize and build livelihoods on the back of the great heritage we have? How do we turn the historical sites like the mountains where the British and the natives fought into well-developed sites for heritage tourism with stalls, markets, hiking trails and accommodation
GUESTS:
Adv. Kagiso Maphalle General Manager: Heritage - National Heritage Council
Dr Marcia Lebambo Senior lecturer - College of Business and Economics School of Tourism and Hospitality Management - UJ
Dr Thabo Manetsi Chief Director - Destination Development (specialising in Rural and Heritage Tourism and Route Development) - Department of Tourism
QUICK GUESTS
Adv Lungisa Malgas CEO: South African Heritage Resources Agency
Richard Mabunda Thomo Heritage Arts and Culture Project, Giyani
UNDER THE MICROSCOPE
The KwaZulu-Natal Social Development Department says it will make available officials in its offices to follow up on allegations of abuse in the embattled KwaSizabantu Mission Church. The church hit headlines on Saturday after News24 published the results of a seven-month investigation into the affairs of the mission, located in the Kranskop area, and allegations of a range of abuses. The report also alleged senior members accused of rape had been shielded, and that millions of rand had been laundered in the mission’s business operations. And, Police Minister Bheki Cele says he is aware of an investigation into KwaSizabantu Mission, as well as people who have “raised matters” with the mission.
What is this story all about? To speak to us
Nokuthula Manyathi Journalist - News24
SMME xChange
SMME expert Dr Thami Mazwai says small businesses need a miracle if they are to survive and keep hundreds of thousands of people in employment. He is one of the special advisors for the Sukuma Relief Fund and he says Sukuma suggests a more permanent rescue mission to help small businesses in crisis…mentioning that increasing demands on both government and the private sector will require us all to work together because the country’s flotilla of rescue ships is going to be kept busy.
He joins us
Dr Thami Mazwai Member of the National Planning Commission and part of the Panel of Advisors to the Sukuma Relief Fund
BUSINESS WRAP
Anelisa Tuswa Business journalist
• Land Bank receives R1.5bn from government, plans to pay creditors • New Edgars owners ‘committed’ to reopening Joburg CBD store • KwaSizabantu 'cult': Woolworths halts buying from supplier, offers to help authorities • More than half a million South Africans have now downloaded the Covid-19 tracing app
UNDER THE MICROSCOPE
Sanral chief executive officer Skhumbuzo Macozoma was quoted in the papers saying the gov-ernment needs to decide on the future of electronic tolls in Gauteng province, as the coronavirus cuts its cashflow…saying “Until you solve the the e-tolls problem we won’t get out of this quag-mire,” Macozoma said the decision on whether to keep the system or scrap it rests with President Cyril Ramaphosa’s cabinet. Only about 20% of users are paying e-tolls.
To speak to us Ofentse Mokoena Transport economist - Northwest University
SHOP STEWARDS CORNER
It is said - an acrimonious and prolonged dispute over seats has "paralysed" the Motor Industry Bargaining Council (Mibco), with the industry unable to implement a three-year wage agreement that should already be in its second year of implementation. It is also reported that the delay means thousands of workers in the motor industry are losing out on wage increases which, in terms of an industry agreement, should be a 7% increase in the first two years and 6.5% in the third year.
What’s behind this?
Joining me is Gerhard Papenfus Chief Executive of the National Employers' Association of South Africa (NEASA)
And
Mduduzi Nkosi Bus passenger and motor sector national organiser - Numsa
THOUGHT LEADER
Zola Tshayana
Author, Speaker, Counselor, Trainer and Facilitator. His talks focus on Health, Life Skills, Sexuality, Socio-Economic Development, Youth Empowerment and Rural Development. Author - Things we do
UNDER THE MICROSCOPE
ZIMBABWE CRISIS
The African National Congress (ANC) has vowed to keep the Zimbabwe crisis on the table despite a spirited campaign by Zanu PF to shrug it off. Lindiwe Zulu, the head of the ANC's international relations committee, said they were determined to follow through the resolutions they reached in their engagements with Zanu PF, including re-turning for a meeting with opposition groups in Zimbabwe.
Zanu PF on Friday launched an unprecedented attack against ANC and the South African govern-ment after envoys despatched by the follow liberation movement pressed for talks with President Emmerson Mnangagwa's rivals.
To speak to us Lenin Ndebele Journalist (based in Harare)
SMME xChange
A Cape Town schoolgirl has started an e-hailing taxi service for – and operated by – women only. 18-year-old Asiphe Mkhefa creating jobs for women, but she says she start-ed the Women Go service to keep females safe from gender-based violence. The Grade 12 learner says all her drivers are women.
She joins on the line Asiphe Mkhefa
BUSINESS WRAP II
SA Express employees have made an attempt to save hundreds of their jobs with an am-bitious bid to buy the state-owned airline and prevent it from final liquidation. SA Express workers yesterday said they had incorporated a special purpose vehicle (SPV) to bid for the airline's assets, subject to prevailing terms and conditions. They said the SPV would be anchored by a private investor and owned by a public limited company, Fly SAX, with SA Express’s 691 employees as the owners.
To speak to us
Thabsile Sikakane Fly SAX spokesperson
Anelisa Tuswa Business journalist
PPC considering asset sales and rights issue after deal with lenders Disgruntled investors circle Safari and install fresh blood Mobile operator Rain boosts ARC Investments China’s version of TikTok hits 600-million users
SHOP STEWARD’S CORNER
The government and organised labour have been on a collision course since finance minister Tito Mboweni pencilled in cuts to the public sector wage bill in his budget review in February, after which the state re-neged on a deal for pay hikes for state employees. The department of public service & administration has approached the labour court to have the wage agreement signed in 2018 at the public sector co-ordinating bargaining council (PSCBC) declared unconstitutional. The state has re-fused to implement the last leg of the deal, due on April 1.Trade unions are presenting a united front to get salary increases of between 4.3% and 5.4%, but the government is not budging.
UNDER THE MICROSCOPE
The Gauteng department of human settlements has instructed the state attorney to obtain evic-tion orders to remove people who have allocated themselves government-subsidised houses and invaded unoccupied land. Human settlements MEC Lebogang Maile told journalists in Sandton to-day that illegal occupation of houses was a serious problems affecting the delivery of houses to those who qualify. The MEC also said his department was notoriously under-performing, failing to obtain clean audits and delivering on key targets.
SHOP STEWARD’S CORNER
The government and organised labour have been on a collision course since finance minister Tito Mboweni pencilled in cuts to the public sector wage bill in his budget review in February, after which the state re-neged on a deal for pay hikes for state employees. The department of public service & administration has approached the labour court to have the wage agreement signed in 2018 at the public sector co-ordinating bargaining council (PSCBC) declared unconstitutional. The state has re-fused to implement the last leg of the deal, due on April 1.Trade unions are presenting a united front to get salary increases of between 4.3% and 5.4%, but the government is not budging.
To speak to us Mugwena Maluleke General Secretary - SADTU
KULTURE TALK
Nombuso Mathibela Educator, researcher and vinyl collector
Nombuso Mathibela is a Johannesburg-based writer, activist educator, legal researcher, and vinyl collector. Her areas of interest span music, nationalist histories in Africa and the diaspora, feminist histories, and African philosophy. She has worked in the public interest sector, mainly with organizations that have sought to support grassroots movement strug-gles through political education. In 2019, Nombuso completed an LLM in Comparative Law, Economics, and Finance from the University of Turin in Italy. She spends her spare time reading African and Caribbean fiction and collecting music across seas, borders, and time.
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management.
• Nigerian Manufacturers Say Unsold Inventory Now at Record High • Sanlam posts profit rise, to expand across Africa • SA construction sector looks set for bumper fourth quarter, says Afrimat • Medupi conveyor belt repaired, lessening chance of loadshedding
TECH CONVERSATIONS
It’s been reported that a South African born healthcare app, Signapps, has won a R66 million contract to service the United Kingdom’s National Health Service for the next two years, with an option to renew for a further twelve months after that. It was launched in South Africa in 2017 in part thanks to a R5 million grant from The South African Department of Trade and Industry, and a R1 million grant from the Gauteng Innovation Hub.
To speak to us Andrew Davies CEO -Signapps
UNDER THE MICROSCOPE
DA POLICY CONFERENCE OUTCOMES
The DA has officially rejected the use of race in socio-economic redress as it unveiled its policies yesterday. Over the weekend, the official opposition reviewed its values and principles as well as its socio-economic policies ahead of its federal congress set for next month. DA head of policy Gwen Ngwenya said the party’s policy stance was aimed at creating an empowerment policy for the country that was both informed by non-racialism and the need to address the challenge of economic exclusion.
To speak to us Refiloe Nt'sekhe National Spokesperson - DA
SMME XCHANGE
The Gauteng Growth Development Agency (GGDA) says it plans to accelerate its strategic intent to grow the province's economy, in the next normal. It also say it has a leading role to play as an implementing agency; to facilitate business enablement, the development of small, medium and micro enterprises (SMMEs), increased investment and job creation.
To speak to us Muzi Mathema Group Executive: Business Intelligence at GGDA
UNDER THE MICROSCOPE
CLICKS
The EFF says it intends to ensure that no Clicks stores opened this week calling it the beginning of rolling action against Clicks. The retailer published a racially offensive advertisement on its website last week. It faced a barrage of criticism on social me-dia after it published a promotional TRESemme campaign on its website which re-ferred to black women’s hair as damaged, dry and dull, comparing it with images of white women’s hair which was described as was fine, flat and normal.
What led the EFF to this action and the way forward
We are joined by:
SHOP STEWARDS CORNER
The Department of Employment and Labour says it is in the process of developing a new ‘national employment policy’ as it focuses on economic recovery post-Covid-19. Apparently, the policy will include new regulations around labour migration.
Speaking sometime in July, minister of Employment and Labour Thulas Nxesi said that the government is looking at new regulations to limit the employment of foreign nationals in South Africa. He said that the new legislation would not only be limited to the road and freight sector but also other industries which employ a high number of foreign workers. These include: • The hospitality sector; • Restaurants; • Security; • Farming and agriculture.
To talk more Mamokgethi Molopyane Labour analyst
Sinesipho Maninjwa CA and market analyst
• African Bank Shareholders Agree to Support Fund-Raising Efforts • Most PPE suppliers given government contracts were not tax compliant • Capital trading update
UNDER THE MICROSCOPE Members of the National Assembly have held a debate on farm murders. The debate was sponsored by the Democratic Alliance (DA), focussing on recent farm attacks and the murders of farmers and farm workers.It’s the second debate on farm murders in the National Assembly this year, The DA’s Dianne Kohler Barnard said the number of attacks on farms rose during the COVID-19 lockdown.
To speak to us
Mcebisi Skhwatsha Deputy Minister of Rural Development and Land Reform
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
Manufacturing conditions improved in August Restaurant closures hit RCL’s chicken business Now's the time to buy locally made products, says Brimstone CEO Black franchisees accuse McDonald’s of discrimination
Guests: Esther Maluleke ( Chief Director: Governance transformation, Justice & Security) at the Dept. of women, Youth & people with disabilities
Adv Brenda Madumise Director - Wise 4 Afrika
Kwezilomso Mbandazayo Women's Rights and Gender Justice Programme Manager - Oxfam
Dr Zubeda Dangor Executive Director Nisaa Institute for Women’s Development and Executive member - National Shelter Movement of SA. Author of the book, ’Life After Abuse'
THOUGHT LEADER THURSDAY
PART 2
Nomzamo Zondo Executive Director at The Socio-Economic Rights Institute of South Africa (SERI)
Nomzamo Zondo is a South African human rights lawyer. Since July 2014, she has been the Director of Litigation for the Socio-Economic Rights Institute for South Africa (SERI). In 2020, she became Executive Director for SERI. She has served as Director of Litigation at SERI since July 2014. Nomzamo joined the organisation as an attorney in February 2013. In May 2018, she was elected to serve on SERI's Board of Directors. Joining SERI fulfilled her lifelong dream to work with exploited and marginalized communities and of using the law to balance the scales of social justice. Nomzamo works mainly on cases related to the right to housing, defending communities threatened with eviction and litigating for the provision of basic services in and the upgrading of informal settlements. She has represented social movements and community-based organisations fighting to secure adequate housing and informal traders and informal workers fighting for their right to earn a living.
BUSINESS WRAP
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management
EOH contract with home affairs gets forensic audit Lockdown devastated livelihoods: the numbers are out Dis-Chem says online sales rose more than fourfold amid Covid-19 Motsepe's African Rainbow Capital raises stake in Uber-like trucking firm
UNDER THE MICROSCOPE
SA TRANSPORT SECTOR
Transport Minister Fikile Mbalula and stakeholders in the taxi industry have recently launched a National Taxi Lekgotla Public Discourse Platform and the minister said he hopes the dialogue will help tackle issues such as taxi violence, professionalism and regulation of the industry. These are some of the developments within the public transport system and joining us
Fikile Mbalula Minister of Transport
TECH
The mandate of The Drone Council
The Drone Council South Africa was launched last month by Department of Communications and Digital Technologies (DCDT) minister Stella Ndabeni-Abrahams under the theme “Strategic partnerships to accelerate a national drone-industry growth strategy”. The Council is a platform of affiliation by various established companies and new entrants into the drone industry. Its main objectives are to facilitate growth of the South Africa drone economy through collaboration, business incubation, industrial sectoral optimization and investment, drone pilot training, and industry transformation, amongst others.
To speak to us Irvin Phenyane Chairperson of the Drone Council South Africa
BUSINESS WRAP II
Nedbank results
Nedbank today said it hoped the worst impacts of the Covid-19 pandemic were over after half-year profits fell almost 70%, but its shares fell as traders tended towards a more pessimistic view. The lender, which last week flagged a hit to its interim profits from bad debt charges, said today its full-year profits would be at least 20% lower. Nedbank’s credit impairment charge increased 202% to almost R7.7 billion ($458 million) during the six months to June 30.CEO Mike Brown said Nedbank would only consider dividends when guidance changed from the central bank, which has asked lenders to halt payouts to preserve capital during the Covid-19 crisis.
To speak to us Mfundo Nkuhlu Nedbank COO
BUSINESS WRAP
Nolwandle Mthombeni Market analyst and commentator
South Africa’s Central Bank Expects Economy to Shrink 40.1% Ters payments halted, DRDGold expects almost sevenfold profit rise Stadio upbeat on double-digit student growth
UNDER THE MICROSCOPE
SAA
The South African government says it has received more unsolicited interests from private sector funders, investors and partners for a future restructured South African Airways (SAA) and its subsidiaries. The Department of Public Enterprises (DPE) said that as of the end of August it had received more than 10 unsolicited interests for SAA and its subsidiaries Air Chefs, South African Airways Technical and Mango Airlines. The department of public enterprises has stepped back from its position that SAA should be majority state-owned, and is now looking at the example of Telkom as a possible model for the airline.
To talk to us Sam Mkokeli Spokesperson - Department of Public Enterprises
SMME xCHANGE
The Banking Association of South Africa said South African banks have been able to provide a cumulative R46,22 billion – in financial relief and loan guarantees – to South African businesses and individuals who are financially distressed due to the Covid-19 pandemic and national lockdown, up to 15 August 2020. It said the adjustments to the scheme, designed to make it easier for business to access the loans, have not resulted in a significant increase in the rate of take-up of the available funds.
To speak to us Bongiwe Kunene MD - Banking Association of South Africa
BUSINESS WRAP
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management
• EOH contract with home affairs gets forensic audit • Lockdown devastated livelihoods: the numbers are out • Dis-Chem says online sales rose more than fourfold amid Covid-19 • Motsepe's African Rainbow Capital raises stake in Uber-like trucking firm
UNDER THE MICROSCOPE
President Cyril Ramaphosa has "strongly reprimanded" finance minister Tito Mboweni for tweets criticising the sacking of the Zambian central bank governor. The minister tweeted “Presidents in Africa must stop this nonsense of waking up in the morning and fire a Central Bank Governor! You cannot do that. This is not some fiefdoms of yours! Your personal property?! No!!…The President of Zambia must give us the reasons why he dismissed The Governor or else hell is on his way. I will mobilize!”
Zambia's information minister said the tweets were "improper" and “immature." Dora Siliya told Mr Mboweni to instead focus on South Africa's "coronavirus problems":
To chat more
Siya Biniza Director - Political Economy Southern Africa (Pesa)
SHOP STEWARDS CORNER
Workers in the public health-care sector will continued picketing today leading up to a full-blown strike over management’s decision to freeze salaries and to draw attention to the risks its members face from Covid-19. The National Education, Health and Allied Workers’ Union (Nehawu) said it planned to use the pickets as a launch pad for a national programme which seeks to highlight the shortage of personal protective equipment (PPE), staff shortages at public health-care facilities and increasing number of front-line workers infected with the coronavirus.
To talk more Khaya Xaba National spokesperson - Nehawu
BUSINESS WRAP
Sinesipho Maninjwa Market analyst and CA
• Famous Brands sells controlling stake in Tashas • Cashbuild warns of profit plunge • Glencore Makes U-Turn to Back Artisanal Mining of Cobalt • Government wants Telkom model for SAA
KULTURE TALK
CHAOTIC PLEASURE BY BLESSING NGOBENI (a virtual exhibition)
Blessing Ngobeni Artist
Chaotic Pleasure 06 August. - 30 September
Blessing Ngobeni is a Tzaneen-born fine artist known for his innovative work across the mediums of painting, sculpture, video, audio installations, and live performance, as well as his ability to tackle hefty subject matter, frequently calling into question disparity, corruption, and structures of power and domination throughout history. Ngobeni also mentors and provides support for young artists through the Blessing Ngobeni Art Prize which is currently in its fourth year. In 2012, Ngo-beni was awarded the Reinhold Cassirer Art Award, and in 2013 was awarded an ImpACT Art
THOUGHT LEADER THURSDAY
Nomzamo Zondo Executive Director at The Socio-Economic Rights Institute of South Africa (SERI)
Nomzamo Zondo is a South African human rights lawyer. Since July 2014, she has been the Director of Litigation for the Socio-Economic Rights Institute for South Africa (SERI). In 2020, she became Execu-tive Director for SERI. She has served as Director of Litigation at SERI since July 2014. Nomzamo joined the organisation as an attorney in February 2013. In May 2018, she was elected to serve on SERI's Board of Directors. Joining SERI fulfilled her lifelong dream to work with exploited and marginalized communities and of using the law to balance the scales of social justice. Nomzamo works mainly on cases related to the right to housing, defending communities threatened with eviction and litigating for the provision of basic services in and the upgrading of informal settle-ments. She has represented social movements and community-based organisations fighting to secure adequate housing and informal traders and informal workers fighting for their right to earn a living.
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
• Sanlam to sell asset management stake to ARC for about R800m • The CEO of SAA’s low-cost airline Mango resigned • Vodacom BEE scheme has millions in unclaimed dividends • Game and Makro owner expects loss of over R1 billion
UNDER THE MICROSCOPE
Obscene wealth and inequality
For the first time in U.S. history, the top twelve U.S. billionaires surpassed a combined wealth of $1 trillion. On Thursday August 13, these 12 held a combined $1.015 trillion. The Oligarchic Dozen are Jeff Bezos ($189.4b), Bill Gates ($114b), Mark Zuckerberg ($95.5b), Warren Buffett ($80b), Elon Musk ($73b), Steve Ballmer ($71b), Larry Ellison ($70.9b), Larry Page ($67.4b), Sergey Brin ($65.6b), Alice Walton ($62.5b), Jim Walton ($62.3b), and Rob Walton ($62b). Since March 18, the beginning of the pandemic, this Oligarchic Dozen have seen their combined wealth increase $283 billion, an increase of almost 40 percent.
Jeff Bezos, founder and CEO of Amazon, ended Tuesday (yesterday) with a record net worth of $197.8 billion, the highest fortune Forbes has recorded in nearly four dec-ades of tracking billionaires.
To speak more Yamkela Spengana Technology researcher
TECH CONVERSATIONS
South African fintech startup Fundrr has partnered Telkom Business to offer working capital loans to SMEs wanting to grow. Founded by Idan Jaan and Jarred Noche, Fundrr provides loans of be-tween R20,000 to R500,000 in size for three to 12 months in term to South African SMEs, with its seamless onboarding application process taking only eight minutes to submit and requests ac-cepted or denied within 24 hours.
To talk to us Idan Jaan CEO of Fundrr
BUSINESS WRAP
Nolwandle Mthombeni Market analyst and commentator
• State diamond miner Alexkor on its last legs • Truworths writes down UK-based Office by R2.8bn • China Plans to Boost Cobalt Reserves as Virus Spurs Supply Risks • MTN appoints Ralph Mupita as CEO
Nolwandle Mthombeni Market analyst and commentator
• State diamond miner Alexkor on its last legs • Truworths writes down UK-based Office by R2.8bn • China Plans to Boost Cobalt Reserves as Virus Spurs Supply Risks • MTN appoints Ralph Mupita as CEO
UNDER THE MICROSCOPE
ANC economic policy head, Enoch Godongwana, has outlined some of the key aspects of the party’s draft economic recovery plan – including the use of prescribed assets and pensions. He said that the party is moving away from the use of prescribed assets, and is instead focusing on changes to regulation 28 of the Pension Funds Act.
He joins us on the line Enoch Godongwana ANC Economic Policy Head
SMME xCHANGE
Ndlovukazi yakwaZulu Corporative Bank
Zanele Khanyile Secretary
• On how it started • What is it about • The licence • The operations • Plans for the future
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management.
• Coronavirus impact on African aviation worse than initially estimated, • Tourism accommodation income plummets by more than 95% • Zunaid Moti increases shareholding in Rebosis • Unilever uses cellphones to track palm oil sourcing
SHOP STEWARDS CORNER
The Marikana 8th anniversary took place yesterday. On 16 August 2012, 34 miners were gunned during a protests at Lonmin Platinum mine in the North West. They were de-manding a R12500 monthly pay. Amcu says it will take President Ramaphosa to court if he does not apologise for his role and concede to their compensation demands by the end of August.
To talk to us Joseph Mathunjwa AMCU President
BUSINESS WRAP II
LEVEL 2 AND THE GYM INDUSTRY
Tumi Phake Founder - Zenzele Fitness
• How the gym industry was affected by the lockdown • Reopening under Level 2 - the requirements / conditions? • The gym industry, survival and relief packages
BUSINESS WRAP
Sinesipho Maninjwa Market analyst and CA
• Sasol aims at rights issue of up to $2bn • Tiger Brands to sell listeriosis-tainted units • Sibanye CEO Neal Froneman wades into Bapo-Ba-Mogale royalties dispute
Athi’s latest exhibition Interior/Exterior / Dramatis Persona, a Saga in Two Parts is currently showing at WHATIFTHEWORLD gallery. It is said his latest exhibition is a grand and evocative dis-play of the exquisiteness of stained glass and tapestry, while being subversive in its depictions of those he calls “deliberately black, deliberately queer and deliberately femme”
An exhibition that uses the power and politics of stained glass and tapestry to comment on socie-ty’s exclusions, create joy and console the grieving.
THOUGHT LEADER THURSDAY
Dr Tlaleng Mofokeng
Medical Doctor, Best-selling Author, Commissioner for Gender Equality, Sexual Reproductive Health and Rights expert, Speaker, TV and Radio host Producer, Broadcaster, Trainer/Facilitator and a Special Rapporteur for Health at the United Nations Human Rights Council (UNHCR) based in Geneva, Switzerland.
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
• Inflation targeting is here to stay – Lesetja Kganyago • South Africa Plans Building Boom • Santam has now paid out R506m in business interruption claims • Luxury Cape Town mansion up for grabs at R150 million (what does this say about the property industry?
UNDER THE MICROSCOPE
INTERNATIONAL YOUTH DAY
Today is the The International Youth Day and is observed all throughout the world as the day that gives an opportunity to celebrate and mainstream young peoples’ voices, actions and initiatives, as well as their meaningful, universal and equitable engagement…according to the UN. And this year’s theme is “Youth Engagement for Global Action”
To talk more on this and some of the challenges facing our youth today we are joined by:
Shakira Maharaj Acting Project Lead at Youth Capital and Innovation Director at the DG Murray Trust.
And
Waseem Carrim CEO - National Youth Development Agency
TECH CONVERSATIONS
Every Wednesday we talk technology. We focus on some new developments in that space and al-so highlight people who are making things happen. And tonight, we shine the spotlight on the Ye Basadi programme developed by Wits University’s Tshimologong Digital Innovation Precinct. It is said, Ya Basadi in the 4IR programme is targeted at primarily female-owned businesses, which are already trading and have a clear understanding of how tech can scale their businesses.
To talk to us Khwezi Fudu Enterprise Development Manager at Tshimologong
Nolwandle Mthombeni Market analyst and commentator
• Clicks Group expecting double digit increase in its half year earnings. • Retail sales down 7.5% year on year in June • SA hires RMB to advise on possible airline stake sale • Demand for diamonds plummets
UNDER THE MICROSCOPE
The Russian Vaccine
Russian President Vladimir Putin today said that Russia had become the first country in the world to grant regulatory approval to a Covid-19 vaccine after less than two months of human testing, a move hailed by Moscow as evidence of its scientific prowess. The vaccine still has to complete final trials, raising concerns among some experts at the speed of its approval, but the Russian business conglomerate Sistema has said it expects to put it into mass production by the end of the year.
Kirill Dmitriev, head of Russia's sovereign wealth fund, hailed the development as a historic "Sputnik moment", comparable to the Soviet Union's 1957 launch of Sputnik 1, the world's first satellite.
What can we make of this vaccine?
To speak to us
Prof Shabir Madhi Professor of Vaccinology at Wits University and Director of the MRC Respiratory and Me-ningeal Pathogens Research Unit
SMME EXCHANGE
Every Tuesday we talk small businesses on our SMME Exchange feature. Today, we’re talking SMME funding and women owned businesses. Last year, SME South Africa found that around 47% of South African small and medium enterprises (SMEs) are led by women – a 6% increase from the previous year. According to Business Partners, female-owned businesses also present a lower statistical risk for business financiers.
To talk more Janeesha Perumal Area Manager at Business Partners Limited
SMME EXCHANGE
Every Tuesday we talk small businesses on our SMME Exchange feature. Today, we’re talking SMME funding and women owned businesses. Last year, SME South Africa found that around 47% of South African small and medium enterprises (SMEs) are led by women – a 6% increase from the previous year. According to Business Partners, female-owned businesses also present a lower statistical risk for business financiers.
To talk more Janeesha Perumal Area Manager at Business Partners Limited
SHOP STEWARD’S CORNER
This is our labour feature where we deal with all the issues that affect workers. Workers continue to be affected by a number of things including this pandemic.
Tonight we look at a study conducted by the Human Sciences Research Council and the University of KwaZulu-Natal’s Nelson R. Mandela School of Medicine, looking at the impact of COVID-19 on healthworkers. The survey, “Front line talk": A national survey of South African health care workers' re-sponse to Covid-19”was conducted from 11 April 2020 – 7 May 2020 and aimed to ascertain the impact COVID-19 on South African health workers – both physical-ly and emotionally.
To talk more
Professor Mosa Moshabela Dean and Head of the School of Nursing and Public Health - UKZN
RIP BOB MABENA
At 51 Mabena had over 30 years of radio experience. Born West of Pretoria he started his Radio career in 1989 in the then Republic of Bophuthatswana with the now defunct Radio Bop. After spending three years in the North West he was recruited by Koos Radebe, then Radio Metro station manager to the SABC. During his time at Radio Metro, Mabena did tv shows “Pick a Tune” and “Studio Mix” which he co-hosted for several years with co-host Melanie Son Mabena moved on to become radio management in various sta-tions including Kaya FM, METRO FM, 5FM, GoodHope FM, Gagasi FM and Heart FM and most recently PowerFM.
BUSINESS WRAP
40% of public procurement to be reserved for women-owned busi-nesses
Today is a public holiday and we won’t have our regular market update. The story we are going to look at is the announcement that was made by President Rama-phosa yesterday that 40% of public procurement to be reserved for women-owned businesses. He also said the departments would have to develop clear plans on how they will broaden women's participation over the next 12 months.
Sinesipho Maninjwa Market analyst and CA
UNDER THE MICROSCOPE
The KwaZulu-Natal health department says it has launched an investigation into the death of a father at Northdale Hospital in Pietermaritzburg after a video of the state of one its makeshift wards went viral. The investigation comes after his daughter, Hlengiwe Khumalo took to Twitter to share a video of the shocking state of the ward in what appears to be the hospital’s parking lot, where her father, Sibusiso Khumalo died from a lack of oxygen on Saturday.
Joining us Hlengiwe Khumalo The daughter (and a colleague)
SMME EXCHANGE
COVID-19
Covid-19 has been cast atrophic to a number of small business. We’ve profiled a number of industries on this slot highlighting that. But, there are companies or industries that seem resilient and still continue to thrive even under these conditions.
One of those is Container Structures
To speak to us Wandile Moganedi Founder: Smart Living Properties and Container Structures
BUSINESS WRAP
Bright Khumalo Analyst - Vestact Asset Management
• Foreign Investors Are Losing Interest in South African Bonds • TikTok devotees up in arms and hashtags over US ban • Cashbuild to almost double revenue • Asset Forfeiture Unit moves against 'pyramid scheme' Up Money, freezes R18.5m in cash
ZIMBABWE
Zimbabwe's military and police are arresting scores of opposition members and activists after authorities thwarted an anti-government protest last week, according to rights groups. More than 60 people have been arrested so far in the continuing clampdown, according to the Zimbabwe Lawyers for Human Rights, which is providing lawyers for the arrested people.
To speak to us Lenin Ndebele Sunday Times journalist (based in Zim)
SHOP STEWARDS CORNER
Gauteng MEC for local government Lebogang Maile was asked by the ANC to intervene in the impasse between the regional SA Municipal Workers Union (Samwu) and Tshwane administrators over benchmarking payments. It seems no agreement was reached as the union workers continued to embark on a protest to air their dissatisfaction with the administrators.
What’s the latest on this including some protests in other Gauteng Metros like Ekurhuleni and Mogale City.
To speak to us
Bafana Zungu SAMWU Gauteng Secretary
KULTURE TALK
African Mobilities 2.0 (14 July - 9 Oct)
Dr Mpho Matsipa Curator, research fellow at WiSER and lecturer in the School of Architecture and Planning at the University of the Witwatersrand and Columbia University.
THOUGHT LEADER
BUSANI NGCAWENI
He has worked as senior policy analyst in the Policy Unit in The Presidency and as divisional director at Umsobomvu Youth Fund. His edited books include “The Future We Chose: Emerging Perspectives on the Centenary of the ANC” (Africa Institute), “Liberation Diaries: Reflections on 20 Years of Democracy” (Jacana Media), "Nelson R Mandela: Decolonial Ethics of Liberation and Servent Leadership" (Africa World Press), and "Sizonqoba: Outliving AIDS in Southern Africa" (Africa Institute). We are No Longer at Ease: The Struggle for #FeesMustFall
On behalf of Philani Dladla (popularly known as the pavement Bookworm), Ngcaweni initiated the Pavement Bookworm Foundation which collects and donates secondhand books to reading clubs, underprivileged schools and community libraries. Ngcaweni holds junior and senior degrees in education (University of Durban-Westville), a Master of Science in Urban and Regional Planning (Natal University) and Advanced Project Management Programme (School of Business Leadership/UNISA). He has received training in economic development from the London School of Economics and the Chinese Academy of Social Sciences and is a PhD candidate at the University of Johannesburg.
• National school of governance • Critique on state of our culture / lessons learns • Poems on corruption (critical view on corruption)
ONLINE DISTANCE LEARNING
It is reported by the Mail and Guardian that some historically disadvantaged institutions, such as Walter Sisulu University (WSU) in the Eastern Cape, have had to start from “zero” to set up systems that will enable them to offer online learning to their students. Unlike other, affluent institutions that have long started with online learning, with some of them already having completed their first semester online, WSU is hoping it will conclude the process of distributing laptops to its students by the end of July — only then can its online learning begin.
A Government Gazette last month by Higher Education Minister Blade Nzimande said that under level three of the lockdown a maximum of 33% of the student population will be allowed to return to campuses and residences.
To chat more
Dr Mukhovhe Masutha Executive Director and Senior Researcher at the Centre for Emerging Researchers
And
Onelisa Mgoqi Student - UFH
TECH CONVERSATIONS
The East London Sundale Dairy is set to build a new processed cheese factory in August. It will supply cheese to national restaurants and create a hundred new jobs. Plans for this new dairy had been underway for three years and they are planning to deliver seven thousand tonnes of cheese slices to the African market every year.
To talk to us Pierre van Rensburg CEO - Sundale Dairy
To talk to us Vhatuka Mbelengwa Head of the Private Public Transport Association (PPTA)
BUSINESS WRAP
Nolwandle Mthombeni Analyst and market commentator
• Treasury considers centralising PPE procurement • GRAND PARADE INVESTMENTS LIMITED • Zimbabwe Signs $3.5 Billion Compensation Deal With White Farmers • V&A Waterfront and Treasury's Jobs Fund launch R63-million 'incubator' for food businesses
UNDER THE MICROSCOPE
THE IMF LOAN
The International Monetary Fund (IMF) has approved SA’s first ever request for emergency aid, granting the country a $4.3bn (R70bn) loan towards mitigating the social and economic effects of the Covid-19 pandemic. The Treasury said in a statement last night that the loan “will also pave the way for government to provide the necessary financial relief required to forge a new economy and mitigate further harm to the economy”.
To discuss this;
Busi Sibeko Researcher at the Institute for Economic Justice
SMME XCHANGE
It is reported that that the the South African events industry is on the brink of collapse because of the lockdown and has called for their voices to be heard. According to the the executive director of the Southern African Communications Industries Association (Sacia), Kevan Jones “All of the stakeholders that work in this industry are not generating income As a result, they’ve had to cut costs where they can and large numbers of people have been laid off or kept on furlough, SA Events Council has called on the government to extend financial relief to those who work in technical production and the events industry;
To talk more. Two entrepreneurs
Phyllis Mbali Jordan Founder: Imbali Events Specialist
BUSINESS WRAP
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management
• Eskom CEO Enters Danger Zone in Bid to Fix Debt-Stricken Utility • South African Airways Business Rescue Gets Go-Ahead • East London dairy JV invests R70m locally • Kumba secures board approval for Kapstevel pit in Northern Cape
UNDER THE MICROSCOPE CORRUPTION IN TH ERA OF COVID-19
The African National Congress (ANC) in Gauteng will meet with Premier David Makhura to discuss a controversial tender that allegedly involves Presidential Spokesperson, Khusela Diko. Diko has taken a leave of absence pending the investigation. The provincial ANC leadership also summoned Diko, Health MEC Dr Bandile Masuku and his wife, who is a Johannesburg Councillor, Loyiso Masuku to a meeting today over the awarding of a R124 million tender, awarded to Royal Bhaca – a company owned by Diko’s husband.
The SIU is investigating this story and other stories linked to Covid-19 funds. The R30 mil procurement of blankets for the homeless in KZN. The alleged corruption at the OR Tambo municipality in EC and other stories.
What can we make of this and and do we have what it takes to arrest it?
To speak to us Kwezi Mabasa Senior Researcher - Mistra
SHOP STEWARDS CORNER
Minister of employment and labour Thulas Nxesi gazetted amendments to the Employment Equity Act last week, which, if passed, will give him the authority to set employment equity targets for employers across the economy. Companies that fail to comply with the targets can be fined between 1% and 10% of turnover and will be disqualified from doing business with the government. The amendment bill will now be submitted to parliament.
To talk more
Thembinkosi Mkalipi Chief director of labour relations - Department of Labour
BUSINESS WRAP II
ACSA
Acsa says it is working on some measures to rebuild passenger confidence with the set of protocols and procedures that are now in place at most airports around the world…saying passengers must be able to trust that the new rules not only work but are also applied uniformly at all times. To talk more
Refetse Shinners Group Executive - Corporate Affairs at Acsa
SHOP STEWARDS CORNER
Cosatu has warned the government could face a backlash if it refuses to grant municipal workers an increase at the end of this month after National Treasury reneged on a deal to increase wages. Apparently, The National Treasury wrote to the South African Local Government Association (Salga) last week that it would not implement the 2020 wage agreement. To talk more Matthew Parks Cosatu Paliamentary co-ordinator
UNDER THE MICROSCOPE
PARLIAMENTARY SUBMISSION: SPECIAL SUPPLEMENTARY BUDGET
The Cash Transfers subgroup, an autonomous subgrouping under the C-19 People’s Coalition Economic Working Group made submissions to the Standing Committee on Fi-nance as part of their #PayTheGrants campaign which is focused on the just implementa-tion of the promised COVID-19 Social Relief of Distress (SRD) Grant and the building of a broad alliance towards a Basic Income Guarantee for all.
The C19 People’s Coalition was formed in response to the COVID-19 pandemic. It is an emerging collective which includes community structures, trade unions, informal workers’ organisations, civics, social movements, rural groups, national and provincial NGOs across all social sectors, frontline responders such as community health workers and shelters, migrants’ and refugees’ organisations, public interest law firms and faith based organisations.
To speak to us Dr Natasha Vally C19 People’s Coalition (also, sociology lecturer, UCT)
Tech Conversations
Taxi industry and technology
One of the things that transport minister Fikile Mbalula always raises around the taxi industry is that of formalisation…for the subsidy to be considered. The taxi industry is also protesting against the relief fund which they deem not enough and demanding R20 000 for each taxi.
When it comes to the taxi industry and its adoption of technology, how far is that?
Yamkela Spengane Technology researcher
YOUTH MONTH ROUNDTABLE
The state of youth activism (the role of a young activist today)
Guests:
Pearl Pillay Director at Youth Lab
Wandile Ngcaweni Researcher at the Mapungubwe Institute for Strategic Reflection
Zulaikha Patel Activist and matriculant - Pretoria Girls High
Tumelo Sebopela National Task Team member of Cosas
Later:
Hlengiwe Bhengu First head of the Youth Commission/Umsobomvu and former youth activist)
Sifiso Mtsweni Former chair - NYDA
Luvuyo Sangqu Former member - Sasco
THOUGHT LEADER
YANDISWA XHAKAZA
CEO of Nalibali
Xhakaza is an avid educationalist and has committed her life to solving complex social problems. She believes education is one of the most powerful ways through which people can be uplifted from poverty. Having recently completed her MBA from the University of Pretoria's business school, Gordon Institute of Business Science, Xhakaza is excited to use business principles to solve social problems.
She holds a Postgraduate Diploma in Management from the University of Witwatersrand.She also holds a Bachelor of Education Degree from the same university. She is the former Head of School at Arrow Academy, Centurion & is an avid Educationalist.having taught English for a few years at Rosebank Primary School in Johannesburg. She's passionate about high-quality education for all children and advocates for consistent provision of quality education at scale.
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
• Mr Price sales plummet almost 90% in April • Sun International • Sasol has accelerated an asset disposal programme • SAA unions divided on final offer
Supplementary Budget - The analysis
Busi Sibeko Researcher at the Institute for Economic Justice
AND
Tsitsi Hatendi-Matika Head: Marketing and Investment Communications Absa Investments
SHOP STEWARDS CORNER
THE TAXI INDUSTRY
Transport minister Fikile Mbalula says the government is not able to provide more than the R1bn relief it is offering the taxi industry. Today, commuters were left stranded across Gauteng when the SA National Taxi Council (Santaco) took to the streets in protest over the relief. Roads were barricaded and a bus was hijacked as Santaco demanded R20,000 per vehicle.The minister said his plans for the industry included formalising it to allow taxi drivers, marshals and owners to enjoy the same benefits as workers. His plans would also see commuters pay lower taxi fares
To speak to us Midday Mali South African National Taxi Council, Gauteng Spokesperson
BUSINESS WRAP II
President Cyril Ramaphosa will host the inaugural Sustainable Infrastructure Development Symposium of South Africa (Sidssa) to unveil an infrastructure project pipeline from six priority sectors. The Sidssa itself is a culmination of a meeting convened by the President in February this year, which brought together business associations, line ministries and financial institutions.
To speak to us Dr Kgosientso Ramokgopa Head of the Investment and Infrastructure Office in the Presidency
BUSINESS WRAP Sinesipho Maninjwa CA and independent analyst
• Africa’s Biggest Pay-TV Firm Reviews Films for Racist Content • Telkom Looking to Cash In on Towers Business • Edcon’s creditors • Stats SA hobbled by high staff vacancies
BUSINESS WRAP Zwelakhe Mnguni Chief Investment Officer & Co-Founder - Benguela Global Fund Managers
• Transnet implements lifestyle audits to ‘rebuild trust’ • Absa arranges Dangote Cement’s record bond issuance • Amazon to Add 3,000 Jobs in South Africa • The Foschini Group
KULTURE TALK
ARTISTS NAVIGATING COVID
Thandiswa Mazwai
The National Arts Festival is back again this and it usually takes place in Makhanda… and for the first time in its 46-year history, the National Arts Festival will be held entirely online. Starting from 25 June to 5 July 2020. Must, theatre, poetry, jazz etc
The artists - how are they dealing with this new normal? Thandiswa Mazwai - who will also be performing at this year’s festival in jazz virtual stage.
THOUGHT LEADER - THURSDAY
Dr Nthabiseng Moleko Deputy Chairperson - Commission for Gender Equality, a development economist and academic at the Stellenbosch Business School.
YOUTH MONTH - THE DISCUSSION
The role of youth and student movements in the 21st century Masixole Mlandu Africanist/fallist/ former deputy president UCT SRC/ UCT master candidate in african studies.
Dloze Matooane YCLSA national spokesperson
Fasiha Hassan Gauteng MPL, activist and former student leader
BUSINESS WRAP Bright Khumalo Analyst at Vetact Asset Management
• Orange might be thinking of buying Cell C • Unilever’s new climate plan puts carbon labels on 70 000 products • Trump Team Weighs $1 Trillion for Infrastructure to Spur Economy • Why DStv will carry rival streaming services
UNDER THE MICROSCOPE
GENDER BASED VIOLENCE
President Cyril Ramaphosa says he is deeply disturbed by the recent increase in the number of young women murdered across the country. In his weekly newsletter, dedicated to the youth this week, Ramaphosa called for the eradication of gender-based violence (GBV). His newsletter comes as the country is again facing incidents of gender-based violence, highlighted by the murder of eight-months-pregnant Tshe-gofatso Pule two weeks ago. Her body was found hanging from a tree in Durban Deep, Roodepoort, with multiple stab wounds. He said youth-led civic activism, awareness-raising and peer counselling were vital tools in the efforts to eradicate GBV from society.
Advocate Brenda Madumise-Pajibo Co-Chair of the Interim Steering Committee on Gender-Based Violence Femicide (which is leading the President’s Emergency Response Plan on Gender-Based Violence and Femicide)
BUSINESS WRAP
Sinesipho Maninjwa CA and independent analyst
• Telkom SA • Facebook refuses to share advertising revenue with Australian media • UIF coronavirus payouts: Some employers may have stolen cash meant for workers
KULTURE TALK
Banele Khoza
This Feature is brought to you by the Gauteng Provincial Government. #GrowingGautengTogether
Play your part! Stop the spread!Changing our behaviour and attitude will help us stop the spread of Covid-19. Social and physical distancing remain powerful weapons that can stop the spread of the corona virus. Let us avoid contact, the virus is often transmitted when people get together. The fight against the spread of Covid-19 starts with you and I. For more information: Visit www.sacoronavirus.co.za #GrowingGautengTogether
Banele Khoza is a visual artist.
Banele Khoza was born in Hlatikulu, Swaziland. In 2008 he moved to South Africa for school, then he enrolled at the London International School of Fashion (LISOF) for a year, studying Fashion Design in 2011. Khoza returned to South Africa to study a National Diploma in Fine Art (2014) at the Tshwane University of Technology (TUT) in Pretoria, South Africa. He also completed a BTech in Fine Art (2015). Thereafter, Khoza became a lecturer for Drawing and Art Theory at TUT, but is now a full-time artist.
THOUGHT LEADER
Senamile Masango
A Nuclear Physicist, PhD candidate in Nuclear Physics. She Matriculated at Mlokothwa High School. Her formal qualifications include BSc (Physics and Electronics), and BSc Honours (Nuclear Physics) from the University of Zululand; a Diploma in Project Management from Varsity College; and MSc in Nuclear Physics (Cum Laude) from the University of Western Cape.
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
• A Massive Labor Migration Is Starting in Post-Lockdown Africa • Cabinet approves making single national petroleum company • HCI warns of writedowns to gaming and mining interests • South Africa Extends Drought State of Disaster by a Month
UNDER THE MICROSCOPE Kurunziza - Part 2
Audio
Burundi's President Pierre Nkurunziza has died of a heart attack, according to the government. Yesterday we did part 1 of this conversation and today we are wrapping it up. We’re looking at his complex leadership - of which, according to Izak Khomo, you can’t analyse it in isolation from the politics of that region.
Izak Khomo Producer and presenter, Channel Africa
TECH EXCHANGE Life Healthcare + hacking
Private hospital group Life Healthcare says it has been forced to switch to manual processing systems after a hacking attack, which may lead to administrative delays. The group said it was still investigating whether any data was compromised in the attack, while patient care was unaffected.The incident has affected admissions systems, business processing systems and e-mail servers.
Yamkela Spengane Technology researcher
Stella Artois’ Rally for Your Bar & Restaurant Initiative
There’s more to bars and restaurants than just the menu. Even if you can order in their food, it’s never quite the same experience. It’s missing the people, the atmosphere, the occasion that makes meals into memorable experiences. That’s why Stella Artois created the RallyForYourBarAndRestaurant.com initiative – so that you can make sure the local places you love can pay their staff and cover their overheads by making some money now, so that they are still there to welcome you in after lockdown.
Right now we’re talking the favourite restaurant memories of Lorna Maseko
To speak to us Lorna Maseko Award Winning Cookbook Author|International Celebrity Chef|TV Host & Media Personality|Celebrity Masterchef SA etc
BUSINESS WRAP
Nolwandle Mthombeni Analyst at Mergence Investment Managers
• MultiChoice declares R2.5bn maiden dividend • BMW SA exports first post-lockdown shipment of cars • ZoomInfo founders become billionaires after stock more than doubles in 3-day rally • CrossFit CEO Latest to Depart in America’s Racial Reckoning
UNDER THE MICROSCOPE Kuruzinza
Burundi's President Pierre Nkurunziza has died of a heart attack, according to the government. In a statement posted on Twitter today. The outgoing president died at Karusi hospital after suffering a heart attack.
In power since 2005, Nkurunziza was due to be replaced in August by political ally Evariste Ndayishimiye, who was declared earlier this month the winner of a May 20 presidential election.
The legacy of Pierre Nkurunziza
Izak Khomo Producer and presenter, Channel Africa
SMME EXCHANGE
The effects of Covid-19 on small businesses and its ripple effect on families
Felicia Ntisa Founder - M-Sports and Sobert franchisee
Yesterday we played you a clip of an SAA Express pilot - saying he is not sure of how we get a job again or even pay his bills. He also mentioned the last time he received a salary was in February. Now, the provisional liquidators of SA Express want the High Court in Johannesburg to delay the final closure of SA Express by three months
Ray Mahlaka Journalist - Daily Maverick
BUSINESS WRAP
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management.
• Cathay Avoids Collapse With $5 Billion Government-Backed Plan • Edcon says it has buyers interested in its assets • Life Healthcare Group • SA Express liquidation takes new turns
ACSA READINESS
Acsa chief executive Mpumi Mpofu said they had undergone stringent measures ahead of domestic flights being allowed for business use from mid-June. She said no members of the public will be allowed inside the airports, but only persons who were travelling and who had obtained a permit or authorisation from their company, indicating their trip was for business purposes.
She joins us Mpumi Mpofu Acsa CEO
BUSINESS WRAP
Sinesipho Maninjwa Independent analyst and CA
South Africa Seeking IMF Aid Crosses a Red Line for ANC
Ninety One launches R10bn fund to support SA businesses
RCL Foods warns of profit drop and writedowns due to Covid-19
UNDER THE MICROSCOPE
Department of Higher Education, Science and Innovation
What’s the latest regarding the Department of Higher Education, Science and Innovation including the impact of Covid-19 to this academic year. What are some of the innovations that the sector is using to make sure that this year doesn’t go to waste? What’s next for universities or TVET Colleges?
To speak to us Bhuti Manamela Deputy Minister of Higher Education, Science and Innovation
TECH CONVERSATIONS
SA healthtech startup BusyMed has raised an undisclosed amount of investment from the R500-million LionPride Agility Fund. The startup aims to connect consumers directly to pharmacies via a digital platform, giving them access to online consultations, as well as product and medication purchases with fast home delivery. BusyMed was founded in April last year by Port Elizabeth based entrepreneur Mphati Jezile.
He joins us Mphathi Jezile Founder: BusyMed
BUSINESS WRAP
Nolwandle Mthombeni Analyst at Mergence Investment Managers
• Sasol shares briefly rally on stronger oil price before paring gains • Rand strengthens, touching R16.99 to US dollar • Oppenheimer, Cisco-Backed Harambe Raise Funds for Africa Tech Startups • Zambia Accused of Expropriation in Escalating Electricity Spat
UNDER THE MICROSCOPE
SA Reserve Bank
Guest: Lesetja Kganyago Governor - SA Reserve Bank
SMME EXCHANGE
A survey by the Small Enterprise Foundation (SEF), which has 216 000 informal sector entrepreneurs on its loan books, found only 12% had bothered applying for business permits….meaning even fewer will likely have applied for loans. The SEF says in there discussions with informal sector entrepreneurs, we are finding that very few of them are willing to go through the process of moving from the informal to the formal sector, mainly because they don’t want to be hounded by the taxman going forward.
To talk to us John de Wit Small Enterprise Foundation founder
COMPETITION COMMISSION
The Competition Commission has referred the long-running investigation into foreign exchange manipulation to the Competition Tribunal for prosecution. In addition to the 28 banks originally cited, the commission has added the names of three more it accuses of being involved in collusion and manipulation of the dollar-rand currency pair.These are Nedbank, Rand Merchant Bank and Standard Americas.
To talk to us Hardin Ratshisusu Deputy Commissioner - The Competition Commission
BUSINESS WRAP
Anelisa Thusa Business journalist
• Mediclinic • Big banks only lent out R2bn to R3bn each since launch of loan scheme • Avis Budget Rent-a-car retrenchments • Reserve Bank rules out financing government
SHOP STEWARDS CORNER
The Department of Basic Education's assessment team has found that not all provinces were ready to reopen schools on June 1, with Rand Water yet to provide sanitation to schools in need. She said that following discussions and issues of supply being flagged in reports from education MECs from various provinces along with the department's assessments, it was decided schools will reopen on June 8. Only Gauteng and the Western Cape were ready to open, provinces with medium levels of readiness included Northern Cape, Eastern Cape, Free State and North West. Provinces with a high/risk level of reopening were KwaZulu-Natal, Limpopo and Mpumalanga.
To chat more Mugwena Maluleke General Secretary - SADTU
UNDER THE MICROSCOPE
GEORGE FLOYD / COLLIN KHOSA
Violence has erupted in cities across the US on the sixth night of protests sparked by the death in police custody of African-American George Floyd. Dozens of cities imposed curfews, but many people ignored them, leading to stand-offs and clashes. Riot police faced off with protesters in New York, Chicago, Philadelphia and LA, firing tear gas and pepper bullets to try to disperse crowds. Police vehicles were set on fire and shops were looted in several cities.The country is experiencing the most widespread racial turbulence and civil unrest since the backlash to the assassination of Martin Luther King in 1968.
To speak more Melissa Tandiwe Myambo
BUSINESS WRAP II
Draft Plan for SAA rescue
Tebogo Tshwane Journalist - Moneyweb
R2bn capitalization of a new entity, how will that work, what about the existing creditors and guaranteed debt? Interesting analysis about loss-making routes (Entebbe, Sau Paulo, Abidjan and domestic routes) but also potential routes (Luanda, Munich etc.) Capital and ownership structure of the NewCo, which will acquire 100% of 'old SAA' Retrenchments? Who are some of the large creditors - Nedbank and Absa ... Why are we keeping this thing alive?
BUSINESS WRAP
Sinesipho Maninjwa Independent analyst and CA
The Bidvest Group The Standard Bank Group Draft plan for SAA rescue
KULTURE TALK UNDP
The Pan-African anthem song and video “Kindness Contagion” was launched globally on 25 May, Africa Day across online and broadcast platforms as a Call to Action from Africa to #SpreadKindness around the world. This theme was initially inspired by the United Nations Development Programme’s (UNDP) call to creatives to respond to the pandemic.
The project boasts some of Africa’s finest artists including: Vusi Mahlasela, Sipho “Hotstix” Mabuse, Marcus Wyatt, Tu Nokwe, Didier Awadi (Senegal), Seun Kuti (Nigeria), Orezi (Nigeria), Salatiel (Cameroon), Elida Almeida (Cape Verde), Christine Salem (Reunion), Suzziah (Kenya), Gasmilla (Ghana), Gyedu Blay Amoblley (Ghana), Jah Baba (Benin), Maurice Kirya (Uganda), Xixel (Mozambique) and more…The song was composed by South African music producer RJ Benjamin and arranged and produced by Gabi le Roux and Camillo Lombard with lyrics by Michael Lee and Tu Nokwe.
(play a snippet of the song)
To talk more:
Dr Ayodele Odusola Resident Representative at the United Nations Development Programme
BUSINESS WRAP II
Personal care services such as hairdressers, beauty services and tattoo parlours will remain closed under level 3 of the national lockdown, according to new regulations. Minister of Cooperative Governance and Traditional Affairs, Dr Nkosazana Dlamini-Zuma, gazetted the rules on Thursday ahead of a media address. And today, an application by the hairdressing industry to be allowed to operate under lockdown regulations has been dismissed at the Western Cape Hight Court.
To talk more Mariska Du Plessis Northern Gauteng Divisional Manager - The Employers Organisation for Hairdressing, Cosmetology and Beauty
BUSINESS WRAP
Makwe Masilela CIO - Makwe Investment Managers
• PIC proposes converting Eskom bonds into equity • Glencore Investors Prodded to Oust Firm’s Chairman • Mr Price says it is not eyeing Jet
UNDER THE MICROSCOPE
BLACK ASSET MANAGEMENT COMPANIES
Black fund managers in SA are calling for a a private-public-pension partnership (PPPP) approach will be a key recovery measure to lift the country out of the Covid-19 crisis saying this “effect requisite changes in the financial architecture of SA in terms of the allocation of capital.”.
To chat more on this Sibusiso Mabuza CEO - Aluwani Capital
TECH CONVERSATIONS
UNISA
Students of the University of South Africa (Unisa) are set to get a major boost ahead of the Unisa May/June 2020 examinations, courtesy of a groundbreaking partnership between Unisa and mobile telecommunications company, MTN. The two organisations recently concluded a business agreement that will see all currently registered Unisa students receive 30GB of data per month (10GB anytime and 20GB night-time) for a period of 2 months from mid-May to mid-July 2020. Unisa’s contribution, worth a whopping R59,72 million over a period of two months, is unique and unprecedented, with Unisa offering about 24 million gigabytes during this period to a student population of approximately 390 000. To speak to us Professor Mandla Makhanya Vice-Chancellor of the University of South Africa (Unisa)
BUSINESS EXCHANGE II
The FFC was briefing an online meeting of Parliament’s Standing Committee on Appropriations yesterday. The Financial and Fiscal Commission said that the COVID-19 pandemic had turned the Budget tabled by Finance Minister Tito Mboweni in February "upside-down", helping make 2020 one of the most difficult years in South Africa’s economic history.
Joining us Eddie Rakabe Program Manager, Fiscal Policy Unit at FINANCIAL AND FISCAL COMMISSION
BUSINESS WRAP
Nolwandle Mthombeni Analyst at Mergence Investment Managers
Alexander Forbes Pepkor Holdings South Africa’s Development Bank Seeks Loans to Plug Funding Gap African Lender to Probe President Following U.S. Pressure Abel Sithole appointed new PIC CEO
SMME XCHANGE
The NYDA says it is providing a Relief Fund to youth-owned enterprises for a period of three months. This fund is targeted at youth-owned businesses that meet their criteria. The closing date for the applications is 30 May 2020.
To speak to us Waseem Carrim NYDA CEO
UNDER THE MICROSCOPE
SASSA
The South African Social Security Agency (SASSA) says a move to level 3 lockdown, which will commence from 1 June 2020, will enable the agency to accelerate the pace of paying out the Covid-19 Social Relief of Distress grant. It said that much progress has been made in preparing for the payment of large numbers of the Covid-19 Social Relief of Distress grants. It said that just under five million applications have been received, and this includes duplications, incomplete and invalid applications.
To speak to us Paseka Letsatsi SASSA spokesperson
BUSINESS WRAP
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management.
• Nedlac to discuss UIF’s capacity to disburse Covid-19 relief funds • South Africa energy fund looks to buy Sasol assets to end losses • FlySafair unlikely to resume flights under level 3 lockdown • Argentina Bonds Rise After Default as Investors Await Deal
UNDER THE MICROSCOPE
AFRICA DAY
Today, 25 May, is Africa Day. Africa Day is the annual commemoration of the foundation of the Organization of African Unity, now African Union (AU), on May 25, 1963. The Pan-African Parliament (PAP) has called for a deeper reflection on the common challenges that the continent faces in a global environment and to come up with solutions for the continent in the areas including development, health, digitalization, sustainability, jobs for young people.
To speak to us Izak Khomo Presenter and producer at Channel Africa
SHOP STEWARDS CORNER
South Africa will enter the Level 3 lockdown on Monday next week and close to 8 million workers will return to work.
Carin Runciman, an Associate Professor at the Centre for Social Change, University of Johannesburg argues that easing the lockdown threatens to put workers in South Africa at risk
She joins us Carin Runciman Associate Professor at the Centre for Social Change, University of Johannesburg
Business Wrap II
Is it reported that SA's property prices will take a big hit from the coronavirus crisis - and high-end homes will be worst affected.
To talk more
Tim Akinnusi Founder and CEO of Mortgage Market
BUSINESS WRAP
Sinesipho Maninjwa CA and independent analyst
• Tiger Brands Weighs Major Job Cuts as Covid-19 Hits Food Demand • Murray & Roberts • Reserve Bank running out of space to keep lowering interest rates
KULTURE TALK
The South African Cultural Observatory (Saco) has released a study titled "Economic Mapping of the Cultural and Creative Industries in South Africa 2020”, and saying the South Africa's cultural and creative industry contributed R74.4bn to the country's GDP between 2016 and 2018. The study also showed that the cultural and creative industry was one of the biggest employers in SA, creating about 1.3 million jobs between 2016 and 2018.
To talk to us Unathi Lutshaba South African Cultural Observatory (Saco) executive director
THOUGHT LEADER THURSDAY
Zimkhitha Zatu CEO / Director - Rail 2 Rail Transworks
She co-founded ZAAM Investments Proprietary Limited, a 100% female-owned and managed company focusing on project development, consultancy services and strategic investments within key economic sectors in South Africa. She is a shareholder and director of Mathupha Capital, which has investments in the rail sector. She heads up Edge, an innovative proposition launched by Standard Bank with the aim of providing a unique service experience for accountants and entrepreneurs.
BUSINESS WRAP
Makwe Masilela Chief Invest Officer at Makwe Fund Managers
• South Africa’s MPC Curbs Easing Expectations After Cutting Again • Burger King sale being renegotiated owing to Covid-19 • Eskom CEO targets massive debt reduction for sustainable future • Covid-19 hospital admissions cost Discovery R85 000 on averag
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The Department of Justice and Correctional Services
The South African Prisoners Organisation for Human Rights (Sapohr) is demanding that the government release 43,000 prisoners to combat the spread of Covid-19 in jails. Earlier this month it was announced that as many as 19,000 inmates who committed “petty” crimes could be released on parole provided they met certain conditions. Miles Bhudu of Sapohr said his organisation demanded that a further 24,000 prisoners be released, taking the total to 43,000. On Saturday, the number of infections in the correctional services department - for both prisoners and officials combined - stood at 388, but by Sunday the number had jumped to 571.
To speak to us Minister Ronald Lamola
• Prison infections • Paroled prisoners • Protection in prison • Budget adjustments
TECH CONVERSATIONS
The Technology Innovation Agency (TIA) has partnered with the South African Medical Research Council (SAMRC) and the Department of Science and Innovation (DSI) to issue a funding call for locally developed test kits and reagents for COVID-19.
To speak to us
Osmond Muroyiwa Spokesperson - The Technology Innovation Agency
BUSINESS WRAP II
Land Bank asks for R22bn injection from the state
Guest: Sifiso Buthelezi Chairperson of Standing Committee on Appropriations in parliament
BUSINESS WRAP
Nolwandle Mthombeni Analyst at Mergence Investment Managers
• Land Bank asks for R22bn injection from the state • Elephant Platinum Coins Sell Out in South Africa • Rolls-Royce to cut at least 9,000 jobs • Spotify Signs Joe Rogan, Becomes More Like Netflix
LESOTHO - THE UPDATE
Lesotho Prime Minister Tom Thabane finally resigned today. His own party, All Basotho Convention (ABC) party, opposition figures and South African mediators, had been putting pressure on him to resign over a case in which he and his current wife are suspected of conspiring to murder his former wife nearly three years ago.
A quick update:
Rapelang Radebe SABC Correspondent - Lesotho
SMME EXCHANGE
Last week, Treasury, the South African Reserve Bank, and the Banking Association of South Africa aunched a new loan guarantee scheme. The scheme is an initiative to provide loans, guaranteed by the government, to eligible businesses. The scheme will also see participating banks – Absa, First National Bank, Investec, Mercantile Bank, Nedbank and Standard Bank – consider loan applications for “distressed businesses which bank with them”.
To understand it better we are joined by Oscar Siziba Managing Executive of the Relationship Banking segment for Gauteng and Limpopo province at ABSA
BUSINESS WRAP
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management
• SA Express tells employees not to return to work • Calgro closes construction division, retrenches 150 employees • Mining production slowed ahead of lockdown, worse figures to come • Powell Says Fed Has America’s Back With Congress Arguing Over Aid
UNDER THE MICROSCOPE
Minister of Finance Tito Mboweni said that he would table a revised budget to Parliament which would accommodate government's R800 billion response to the Covid-19 coronavirus pandemic.The proposed Special Adjustment Budget would modify the February Budget to divert current baseline allocations from departments to enable spending on the Covid-19 response.
The Treasury said the departments were required to identify programmes or activities that could be temporarily suspended without negatively impacting their longevity. These would typically be programmes that have already been put on hold during the lockdown and spending activities that are not critical to core service delivery.
To speak to us Sputnik Ratau Spokesperson - Department of Water and Sanitation
SHOP STEWARDS CORNER
The Department of Labour says as of Saturday, 16 May 2020, the Unemployment Insurance Fund (UIF) figures showed that 14113 domestic workers had benefitted from the special lockdown benefit to the tune of R55572 870.00. The figures further showed that 10 092 employers had lodged claims on behalf of their domestic workers. Last week Minister Nxesi announced that a private company, Interfile has agreed to join forces with the Department to help trace domestic workers through cellphone numbers and other forms of communication to ensure that they receive their necessary benefit.
Pinky Mashiane President of United Domestic Workers of South Africa - Sadsawu.
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• Palladium Jumps Above $2,000 • Steinhoff chair Heather Sonn quits • Unions want SAA business rescue team audited • Emirates Considers Cutting 30,000 Jobs
THE PRESIDENT’S ADDRESS - THE PRE-ANALYSIS
Ongama Mtimka Lecturer - Nelson Mandela University
TECH CONVERSATIONS
Johannesburg based online grocery delivery startup Zulzi has raised R30-million from a JSE-listed company. The startup, which was founded in 2013 and launched in 2016, allows members via its platform to get direct access to thousands of grocery items through a mobile app. The app allows customers to build their grocery lists and purchase items without ever visiting a store. To speak to us Vutlharhi Valoyi Founder - Zulzi
BUSINESS WRAP
Makwe Masilela CIO at Makwe Fund Managers
BMW SA plans to resume exports to Europe Hedge Fund That Never Loses Bets Big on South Africa Transaction Capital Cartrack holdings
UNDER THE MICROSCOPE
WORLD NURSES DAY
President Cyril Ramaphosa has praised nurses for being on the frontline in the fight against Covid-19 pandemic. He said this year's events come in difficult times as the country, and the world battles the coronavirus. He said this was an even more opportune time to value the contribution of nurses in society who performed a variety of duties.
And health minister Dr Zweli Mkhize speaking in Durban today he said -“As a department, we recognise the need to prioritise the nursing profession along with the well-being of nurses, and strengthening nursing education, training and practice is one of our strategic objectives,”.
He also said - “For most of our communities, a nurse is the first to be seen at the time of birth. A heartbeat of the health system throughout the lifespan providing preventative, curative and rehabilitative care, and often the last to help close our eyes at the time of end of life.”
Lerato Madumo-Gova President - Young Nurses Indaba Trade Union
SMME XCHANGE
The Small Business Institute (SBI) has implored government to urgently revise regulations that are preventing small businesses from operating during the continuing Covid-19-related lockdown. In an open letter to President Cyril Ramaphosa, the SBI says the harm being done to the economy as a result of the regulations cannot be justified; that there is no discernible link between many of the regulations and the stated aim of protecting people from transmitting the Covid-19 virus to each other.
John Dludlu CEO - Small Business Institute
BUSINESS WRAP
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management.
• Pick n Pay CEO delays departure due to Covid-19 challenges • Nigeria’s Dollar Shortage Pushes Manufacturers to the Brink • Mboweni, Reserve Bank kick off loan guarantee scheme • When the business rescue process is in need of rescue
UNDER THE MICROSCOPE
ANC EC VS DA WC
The movement of thousands of people between the Western Cape and the Eastern Cape during the Covid-19 coronavirus outbreak has strained relations between the two provinces, and the ANC in the Eastern Cape is threatening to take the DA-run Western Cape government to court.
Health Minister Dr Zweli Mkhize was back in the EC today to inspect the progress. The EC is currently at 1356 cases.
Dr Zweli Mkhize noted with concern that the Western Cape and Eastern Cape combined comprised 84% of the total new cases… The Western Cape is at 5621 cases.
The DA leader is the WC and MEC of Transport Bonginkosi Madikizela says the ANC is politicising the pandemic.
He joins us
Bonginkosi Madikizela WC Transport MEC and DA leader
SHOP STEWARDS CORNER
Last week we spoke about the story of Unibisco where a worker mentioned that she heard that the UIF was paid to the company but never paid to the workers. (play the UIF part of the clip) Labour minister Thulas Nxesi said the UIF system has been revamped for employees to check the status of claims submitted by their employers. He said the UIF has been inundated with calls from workers complaining that employers have not paid them their benefits despite having received funds from the UIF. The UIF said it will litigate against these companies
Makhosonke Buthelezi Spokesperson - UIF
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
Group Five to delist after 46 years on the JSE Africa Needs Two-Year Debt Halt to Fight Virus Soaring drug prices could bar access to future coronavirus treatments Cape Town could shed 90,000 tourism jobs due to Covid-19 crisis
KULTURE TALK
COVID 19 AND THE STATE OF THE ARTS + SOLUTIONS
The state of the arts in SA before Covid, during and what it will look like post Covid. And the innovation to support artists during this time. If you remember two days ago we we spoke about artists who were collecting food parcels and if you remember, the minister of arts and culture recently spoke of the number of the rejected applications regarding the relief fund for the arts.
Dr Sipho Sithole Founder; Native Rhythms
THOUGHT LEADER
Aphiwe Nxusani-Mawela
She is the founder of Brewhogs, a microbrewery and Brewster’s Craft, a training and consultancy company. Apiwe is the first black person in South Africa to be approved as a Brewing Training Provider by the Institute of Brewing & Distilling and the first person in South Africa to complete a National Diploma in Clear Fermented Beverages
Apiwe holds a BSc degree in Microbiology and Genetics from University of the Witwatersrand, a BSc Honours degree in Microbiology from the University of Pretoria, a Brewing Diploma from the Institute of Brewing & Distilling, and a Diploma in Master Brewing. She started her career as a Brewing Trainee at South African Breweries (SAB), where she worked in several key positions such as Project Brewer, Brand Brewer, and Craft Brewer and Brewing Area Manager. Apiwe is also a certified beer judge in South Africa through the Beer Judging Certification Programme (BJCP)
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
Gordhan questions SAA business rescue as unions cry foul African Finance Chiefs Meet on Debt Relief Uganda Has Nowhere to Store Tea as Virus Causes Stock to Pile Up The Pandemic Is Disrupting the Illegal Drug Trade
UNDER THE MICROSCOPE
LINDELA REPARTRIATION CENTRE
So, a group of undocumented foreigners awaiting deportation have escaped from the Lindela Repatriation Centre in Krugersdorp. Home affairs minister Aaron Motsoaledi was there this morning after reports that the group of about 37 fled from the centre at the weekend.
Dr Aaron Motsoaledi Minister of Home Affairs
Sustaining a digital publication for profitability
Kojo Baffoe Former editor and content strategis
BUSINESS WRAP
Nolwandle Mthombeni Analyst - Mergence Investment Managers
BAT no longer going to court over tobacco ban SHOPRITE HOLDINGS LIMITED Morgan Stanley-backed fund to invest in local pandemic-hit SMEs Emerging-Market Watchers Say Another Sell-Off Is Approaching
KULTURE TALK
INTERNATIONAL JAZZ DAY
International Jazz Day is an International Day declared by the United Nations Educational, Scientific and Cultural Organization in 2011 "to highlight jazz and its diplomatic role of uniting people in all corners of the globe.
It’s a day that is with special jazz events around the world, including our All-Star Concert with UNESCO Goodwill Ambassador
To talk more
Percy Mabandu Writer and a Jazz historian
Nkosana Dolopi Deputy Secretary General - SADTU
The South African Democratic Teachers’ Union (Sadtu) said it stood firm that no school should open until its concerns were met. Sadtu was reacting to the presentation by the director-general of basic education Mathanzima Mweli to the parliamentary education portfolio committee on Wednesday regarding the reopening of schools. He said that schools would start opening from May 6 - but this was swiftly rebutted. The union on Friday last week urged the basic education department to comply with minimum requirements before schools reopen, which it articulated in 14 points.
Dennis Goldberg - The Tribute
Jeremy Cronin SACP Central Committee and Political Bureau member
Veteran South African anti-apartheid activist Denis Goldberg, who stood trial alongside late President Nelson Mandela, has died. He was 87 years old. Goldberg, who had lung cancer, died just before midnight on Wednesday at his home in Cape Town.
He was considered a stalwart of the South African liberation struggle and was the only white member of the African National Congress's (ANC's) military wing, Umkhonto we Sizwe (MK), to be arrested and sentenced for armed resistance to white-minority rule. Goldberg spent 22 years in prison for his involvement with the ANC's fight against apartheid, the racist system of oppression imposed by the white minority government. The Rivonia court proceeding was the trial in which Mandela and other anti-apartheid activists were convicted of sabotage in 1964 and sentenced to lengthy prison terms.
akwe Masilela Chief Investment Officer - Makwe Fund Managers
SA seeks to borrow R95bn from IMF, Brics Bank and World Bank Glencore to cut capital expenditure due to Covid-19 Rand set for fifth day of gains as focus shifts to SA’s fall from WGBI Zambia Inflation Surges as Currency Tumbles.
UNDER THE MICROSCOPE
Western Cape and Covid-19
The Western Cape has recorded another three Covid-19 deaths – two men, aged 78 and 67, and a 79-year old woman – all with underlying illnesses. This brings the total number of deaths in the province to 38. Yesterday, the Western Cape, at 1 870 confirmed cases and 35 deaths, was the province with the highest number of Covid-19 positive cases, followed by Gauteng (1 377), KwaZulu-Natal (919) and Eastern Cape (616).
To speak to us Dr Nomafrench Mbombo Western Cape Health MEC
UNDER THE MICROSCOPE
The Tourism Relief Fund
Judgment was reserved today in the Northern Gauteng High Court in the case brought by trade union Solidarity and civil rights group AfriForum against the Department of Tourism using race as a criteria for emergency business relief due to Covid-19. According to Tourism Minister Mmamoloko Kubayi-Ngubane, the department was obliged by law to grant relief funds only according to BEE requirements.
To speak on this Unathi Henama Tourism lecturer at Tshwane University of Technology
SMME EXCHANGE
The events industry and Covid-19.
Tebogo Kotsi is an entrepreneur from Bloemfontein operating in the events industry and as you’ve probably noticed that the events industry has come to a halt. It will probably take time before it returns…nobody knows when.
Tebogo Kotsi joins me on the line
BUSINESS WRAP
SA Express placed under provisional liquidation
Ray Mahlaka Daily Maverick journalist
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
• Estate agents battle as backlog of unprocessed transfers grows • SAA Technical asks workers to ‘sacrifice’ half their wages • PSG boss Piet Mouton calls for an end to lockdown • Tanzanian President Says Country Can Ill Afford a Virus Lockdown
CSG temporary - top-up - The model
CSG temporary - top-up - The model
Ihsaan Bassier is a PhD candidate in Economics at the University of Massachusetts, Amherst. His research interests are labour and political economy of development, with a regional focus on South Africa.
Tech Conversations
ICASA published a statement yesterday outlining why it has temporarily released spectrum in the same 2,360-2,400MHz frequency band of the fixed-services portion that is licensed to Telkom. Telkom said the spectrum assigned in this band was already licensed exclusively to it and therefore was not eligible for assignment to other networks. ICASA disagreed with Telkom’s argument. (we tried getting hold of Icasa but they’re not doing interviews on this story at the moment)
Let’s talk about this and other interesting tech stories including Go Pro and the Amazon Data Centre in SA
Yamkela Spengane Technology researcher
BUSINESS WRAP
Nolwandle Mthombeni Analyst at Mergence Investment Managers
• Standard Bank says profit hit as credit quality of clients worsens • Stats SA shows inflation slowed in March • Sasol starts stake sale in R246bn Lake Charles chemical complex • World Bank Sees Record 20% Drop in Remittances Due to Pandemic
BUSINESS WRAP
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management.
• Eskom declares force majeure on Exxaro coal contracts • Oil crash comes at the 'worst time' for African exporters such as Nigeria, Angola • South Africa Entitled to $4.2 Billion With Few Strings, IMF Says • The Crash of the $8.5 Billion Global Flower Trade
Eastern Cape and Covid-19
The number of infections in the Eastern Cape have been rising and currently sitting (according to last night’s numbers) at 293. It’s the 4th most infected province in the country. This is a very big province and largely rural.
How is the province dealing with this?
Oscar Mabuyane EC Peremeir
Labour representatives at South African Airways (SAA) have given a mixed response to the severance package proposal by the airline’s business rescue practitioners (BRPs). On Friday SAA’s unions received a draft settlement agreement offer open to all of SAA’s 4 708 employees that would see the termination of their employment contracts by April 30 in exchange for unguaranteed severance packages.
What does it really mean for the employees of SAA?
Sibusiso Nxumalo SAA Senior First Officer
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
• Life Healthcare takes profit hit from Covid-19 • Icasa has expropriated our spectrum: Telkom • Don’t Buy Rand, and Don’t Buy Rand - What are the implications of Bloomberg (as a major source of investor news) ... leading with this kind of story • Disney stops paying 100,000 workers; cuts mean $500 million a month in savings
THOUGHT LEADER
Prof Ruth Hall
Professor Ruth Hall joined PLAAS in 2002. She holds a DPhil in Politics from the University of Oxford, where she previously obtained an MPhil in Development Studies. Her doctoral work focused on the interests, actors and discourses that influenced the development of South African land reform policy. Key research interests that have shaped her work at PLAAS are: land tenure, restitution and redistribution, gender and development policy, and broad-based agricultural development. Her work has strongly emphasised the role of rights-based policy approaches to tenure for farm workers and other poor landholders.
Until recently, her work at PLAAS focussed on research and policy advice on land and agrarian reform within South Africa. In recent years, however, her focus has extended beyond South African land and agrarian policy to incorporate a more international perspective. Her main research now is on land rights and the future of food and farming in sub-Saharan Africa.
KULTURE TALK
The role of traditional healers during Covid-19
To speak to us Phephisile Maseko National coordinator of the Traditional Healers Organisation
TECH EXCHANGE
Cape Town based health tech company, Ingress Healthcare, has raised R6-million to help it to scale its platform that aims to distribute spare consulting rooms in hospitals and clinics to general practitioners and specialists.
Ingress Healthcare’s platform functions like a kind of Airbnb for those in the medical profession who are struggling to meet the high costs of setting up and running their own practice. Instead of acquiring their own building and staff, the platform allows them to rent free space when it’s available in consulting rooms and hospitals. The platform also manages their administration and helps them to book clients.
Dr Noxolo Gqada Co-founder - Ingress Healthcare
BUSINESS WRAP
Nolwandle Mthobeni Analyst at Mergence Investment Managers
Business and labour agree that social grants be temporarily topped up Capitec enters vehicle finance market, to launch access credit Takealot takes R350m hit in 3-week coronavirus shutdown + E-commerce sector requests home deliveries of non-essential goods Tiktok owner Bytedance to hire 10,000 new staff amid lockdown boom
UNDER THE MICROSCOPE
The SA Reserve Bank can print money to finance fiscal deficits
Guest: Prof Chris Malikane Associate Professor of Economics at the University of Witwatersrand
• incorrect reading of the SARB Act has severely constrained the SARB from playing a developmental role in a number of areas: • It was found that in situations where there was runaway inflation, governments tended to rely on central banks to print money in order to finance their spending. • To prevent hyper-inflation from happening in future, there was a proposal that a wall be created separating the central bank from government when it comes to financing of deficits. • The firmness of the wall separating the central bank from Treasury depends on the specific national experiences with inflation.
SMME EXCHANGE
President Cyril Ramaphosa has asked the Gauteng Liquor Forum to give him until Friday to fully respond to its letter demanding the lifting or changes to regulations banning alcohol sales under lockdown rules in SA. In a letter addressed to the forum's legal representative Eric Mabuza, the presidency said said it had noted concerns expressed by the forum…saying the the National Command Council, the presidency and other relevant parties are meeting again this week, specifically to discuss the details of government’s economic assistance programme. This includes assistance offered to small businesses such as those of your clients, and other measures to mitigate the effects of the lockdown extension,” the state attorney said on behalf of the presidency.
Joining us Eric Mabuza Attorney - Gauteng Liquor Forum
BUSINESS WRAP
Anelisa Tuswa Business journalist
• Reserve Bank’ Lesetja Kganyago says no to printing money • Cell C and M4Jam offers R2m to gig-economy workers • Alexander Forbes to sell Namibia insurance unit to Momentum • Shares jump as Chinese trade data beat expectations
19:42
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
Air France-KLM passenger numbers plummet 56% Uber rival Bolt seeks state aid after banks decline loan request Mondi scraps dividend and cuts spending Safari Investments says some tenants witholding April rent
UNDER THE MICROSCOPE
Informal traders and Joburg City
The City of Joburg has decided to suspend the process for issuing temporary permits to certain informal traders after the crowd that appeared at the venue hoping to get permits was too large. According to a statement issued by the city, it felt that the size of the crowd compromised safety and social distancing. The temporary permits were supposed to have been issued by the department of economic development in compliance with the Disaster Management Act 2002, Amendment of Regulations as published in Government Gazette No. 43199 of 2 April 2020.
To talk more Lloyd Philips MMC of Economic Development - City of Joburg
TECH CONVERSATIONS
Emergency doctors at Charlotte Maxeke Hospital, in Johannesburg, have innovated a new way to protect healthcare workers from COVID-19. Called the “Intubox”, this device would allow anesthesiologists and other healthcare specialists to successfully intubate the patient, in order to keep them on ventilator support for surgery, or for coronavirus recovery.
To speak to us Prof Feroza Motara
Nolwandle Mthombeni Analyst at Mergence Investment Managers
• EU finance ministers remain divided on coronavirus rescue plan • Rapid rebound on JSE a sign to ‘tread carefully’ • Treasury centralises sourcing of protective gear • Amcu wants standard health and kit rules before returning to work
UNDER THE MICROSCOPE
The taxi industry
The taxi industry says it is to set up its own emergency fund to cushion its members against the economic effects of the national lockdown. This follows a deadlock in meetings over funding relief with transport minister Fikile Mbalula. Santaco also wants the private sector to contribute to the fund.
It is also said that Santaco is seeking compensation of R250 a day for taxi drivers for the losses they suffered during the country's 21-day lockdown.
Thabisho Molelekwa Santaco spokesperson
UNDER THE MICROSCOPE
Agriculture, land reform & rural development minister Thoko Didiza announced today that distressed farmers are to receive government grants in the coming weeks to help them through the coronavirus crisis. The department has ring-fenced R1.2bn for assistance mainly to target financially distressed small-scale farmers.
To chat more Reggie Ngcobo Spokesperson for the Agriculture, land reform & rural development minister
SHOP STEWARD’S CORNER
The International Organisation of Employers has called for the mobilistion of resources for a global Covid-19 fund saying it is committed it is committed to saving lives, protecting the global economy and ensuring that businesses survive the pandemic.
To speak to us Mthunzi Mdwaba IOE Vice President to the ILO and vice chairman of the ILO
THOUGHT LEADER
WANDILE SIHLOBO
Wandile Sihlobo is chief economist of the Agricultural Business Chamber of South Africa (Agbiz). Sihlobo is a commissioner at the International Trade Administration Commission of South Africa (ITAC). He is the author of Finding Common Ground: Land, Equity and Agriculture. A columnist for Business Day and Farmers Weekly magazine. He also contributes to Fin24 and Daily Maverick. He is a member of the South African Agricultural Economics Association and has previously served as an economist at Grain South Africa (Grain SA).
He holds a Master of Science degree in Agricultural Economics from Stellenbosch University. In 2018, Agricultural Writers SA named Sihlobo an Agriculturalist of the Year. In 2019, Sihlobo was on the Mail & Guardian Top 200 Young South Africans.
FOREIGN OWNED SPAZA SHOPS & THE LOCKDOWN
The Lawyers for Human Rights has called on the government to give a written undertaking that spaza shops owned by foreign nationals will not be targeted during the lockdown. Apparently, the owners of several spas shops have said they were either being prevented from trading during the lockdown or harassed by the police and soldiers.
To speak to us Mohammed Bulhan Spokesperson - Somali Community Board
And
Tarisai Mugunyani, From land and housing programme at the Lawyers for Human Rights
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
AngloGold makes a big Covid-19 contribution before its exit
SAA in the air to repatriate foreign nationals
US jobless claims doubled to record 6.65 million last week
Should executives also take paycuts?
UNDER THE MICROSCOPE
The Department of Social Development
Long queues everywhere regarding the social grant payments - was it possible to avert this?
CLIP: Today, PE pensioner on why there are long queues (with SABC reporter Anda Nqoji)
To speak more Lindiwe Zulu Minister of Social Development
TECH CONVESATIONS
President Ramaphosa did announce recently that SA will deploy a 10,000-strong force of field workers to visit homes across the country to screen people for symptoms of the Covid-19 virus and will introduce mobile technology to track and trace contacts of those found to be positive.
What is this technology, how does it work and what do other countries use?
To speak to us Wesley Diphoko Editor-in-Chief, Fast Company (SA)
SARS
SARS Commissioner, Edward Kieswetter today announced the preliminary results of revenue collection for 2019/20. SARS has collected an amount of R1 356.0 in the financial year ending 31 March 2020. In total, SARS collected a gross amount of R1 647.8 billion which was offset by refunds of R291.9 billion
To speak to us Edward Kieswetter SARS Commissioner
BUSINESS WRAP
Nolwandle Mthombeni Analyst at Mergence Investment Managers
Afrimat joins Kumba in restarting limited iron ore mining and sales Absa PMI data suggests worst is yet to come for manufacturers Government's new support scheme for spaza shop Taxis can now be fully loaded – if everyone wears hard-to-find masks – but not private cars
UNDER THE MICROSCOPE
A group of economists wrote to President Cyril Ramaphosa on what they believe are necessary policy interventions to avert an economic meltdown of the country. They say these are measures that are urgently required to support and stabilise the economy and assist those hardest hit by the crisis.
To speak to us Proffesor Mark Swilling (University of Stellenbosch)
SMME Xchange
Last week President, Cyril Ramaphosa revealed that the Rupert and Oppenheimer families had each contributed R1 billion to assist small businesses and their employees affected by the coronavirus pandemic and the country’s #21daylockdown. Business Partners has been selected as the Administrator of the R1 billion funding.
How is it going to work?
David Morobe Executive General Manager: Impact Investment at Business Partners Limited
BUSINESS WRAP
Anelisa Tuswa Business journalist
• Pubs and restaurants contravene lockdown rules • Authorities receive record number of complaints against retailers milking Covid-19 crisis • Statistics SA latest Quarterly Employment Statistics (QES) bulletin. • US warehouse and delivery staff warn of stoppage over Covid-19
A number of banks have tabled some measures they will take to protect those customers that have affected by Covid-19. From payment holidays to other forms of interventions.
To understand the thinking behind some of these interventions we are joined by: Jacques Celliers FNB CEO
Shop Steward’s Corner
TheLockDown
The government has assured the business community of short-term financial relief for companies facing liquidity challenges to pay their employees during the lockdown period through the Covid-19 Temporary Employer-Employee Relief Scheme (TERS) Benefit. It was reported that R30 billion had been allocated to a special National Disaster Benefit Fund, which will pay Unemployment Insurance Fund (UIF) benefits of up to R3 500 for up to three months to all qualifying workers. The Minister of Employment and Labour, Thulas Nxesi, has urged employers who are unable to pay the full salaries of workers to apply for Covid-19 TERS Benefit. The benefit is applicable to all employers who are registered with UIF and make monthly contributions as required by the Contributions Act.
To chat more Makhosonke Buthelezi UIF spokesperson
BUSINESS WRAP
Sinesipho Maninjwa CA and market analyst
Cosatu wants PIC to save Edcon by asking landlords for rental holiday Business Partners to administer Rupert family donation Naspers prohibited from buying WeBuyCars National Empowerment Fund provides emergency funding to manufacture medical supplies SA may approach the IMF
SURVIVING THE LOCKDOWN
With this lockdown, there are people struggling with anxiety. Some are scared of being bored, some struggle with the idea of being alone, and there are people who are claustrophobic.
What’s the best way to manage anxiety and isolation during this time?
To speak to us Thabang Tlaka Clinical psychologist
BUSINESS WRAP
Bright Khumalo Portfolio Manager and Analyst at Vestact Asset Management.
• Banks Respond to COVID-19 • SA Express to ask the UIF Covid-19 benefit fund for salaries • Takealot.com will stay open during lockdown, with restrictions • Unprecedented spike in cyber attacks hits SA since declaration of national disaster
UNDER THE MICROSCOPE
What now for domestic workers?
The 21 Day lockdown starting this Thursday night due to the spread the novel CoronaVirus requires that people stay home to avoid more infections. What does it all mean for the domestic workers? To speak to us Domestic workers:
Pinky Mashiane Founder: United Domestic Workers of South Africa
SMME EXCHANGE
HOW COVID-19 WILL AFFECT SMALL BUSINESSES
GUESTS:
Thlompho Mokoena Founder - The Wing Republic (in Braamfontein and Pretoria)
A trendy restaurant in Braamfontein and Pretoria (known for their wings, ribs and cocktails)
And,
Smangele Sibisi Founder and owner, Indalo Nubian Naturals Hair Salon
(branches in Joburg CBD and Pretoria CBD)
BUSINESS WRAP
Makwe Masilela
Size and scale of UIF benefit for Covid-19 is not yet clear Comair suspends flights during Covid-19 lockdown Mpact delays R73m in dividend payments 11 firms being investigated for price gouging in coronavirus crisis
THE NEW MEASURES BY THE PRESIDENT - #Covid-19
Russell Rensburg Executive director of the Rural Health Advocacy Project
And
Ongama Mtimka Analyst - Nelson Mandela University
UNDER THE MICROSCOPE
THE ROLE OF THE COMMUNITY HEALTH WORKERS DURING THIS CRISIS
What is the role fo the community health workers during this time and are they able to exercise that role to the fullest?
Tshepo Matoko Secretary - Gauteng Community Health Care Forum
Small Businesses - The response
The Department of Small Business Development today released their plans to assist SMMEs who are currently affected by the Coronavirus crisis. It said it is finalising the SMME Support Intervention comprising of Debt Relief Fund and Business Growth and Resilience Facility.
To talk more Khumbudzo Ntshavheni Minister of Small Business Development
BUSINESS WRAP
Nolwandle Mthombeni Analyst - Mergence Investment Managers
SA Reserve Bank cuts rates by 100 basis points
MTN completes the sale of ATC joint ventures for R8,9 billion
ARC rules out share buybacks as discount widens
Irish distillery turns gin into sanitiser
To speak to us Dr Bandile Masuku Gauteng MEC of Health
On today’s announcement On Gauteng being vulnerable Tightening up controls Tracing people Mzwandile Masina’s Cuban vaccine? Any possibility of a shutdown in Gauteng?
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
BMW SA to halt production at Tshwane plant over virus fears
Public-sector unions formally reject government plea
Possible smartphone shortage due to Covid-19, says report
R400m recovered so far from illicit financial flows
On her decision to contest the leadership position What she believes she can bring to the party that is not there Race and identity BEE Policy
Special Guest
Yasmin Belo-Osagie Co-Founder, She Leads Africa Director - FSDH Asset Management, the 3rd largest asset management company in Nigeria.
For someone who may not be familiar, what She Leads Africa is Some of the work they do What she is doing in SA On her inspiration Being born in Boston, school in London, attended some of the top universities in the world Being raised by successful and influential parents Where Africa is in terms of women empowerment Where Nigeria is in terms of entrepreneurship and young people The future of Africa
UNDER THE MICROSCOPE
The SA tourism industry. Performance + CoronaVirus threats
SafariBookings said fears of the coronavirus have crippled Africa’s safari industry. The online marketplace for African safari tours conducted the survey among 361 safari tour operators to determine the impact that the fears of the virus have had on the the safari industry. Most clients, apparently, wonder how safe SA is. Around 23% of tour operators reported losing as much as 75% of the business they normally received in February and March.
How is the tourism sector handling this and what systems have we put in place?
To speak to us Sisa Ntshona CEO - SA Tourism
Tech Conversations
Mzansi Aerospace Technologies has launched a drone start-up accelerator programme to equip 13 start-ups with the tools and skills to drive the adoption of drone technology in South Africa, and harness its potential to boost employment.
The programme is being hosted at the Centre for Entrepreneurship Rapid Incubator, at the Ekurhuleni West TVET College in Katlehong, and is supported by partners, including the Small Enterprise Development Agency, the City of Ekurhuleni, the National Youth Development Agency, United Drone Holdings and Royal HaskoningDHV.
In studio Victor Radebe Founder of Mzansi Aerospace Technologies
BUSINESS WRAP
Nolwandle Mthombeni Analyst - Mergence Investment Managers
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Gordhan hopes some SAA routes will reopen
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Woolies new boss gets large share incentive
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Fed responds to coronavirus with rate cut
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Altron strong on the back of Monash acquisition
UNDER THE MICROSCOPE
The Competition commission on Friday said the competition appeal court has set aside an earlier finding that there was no jurisdiction to fine international banks if they were found guilty of colluding on forex trading in the Rand Dollar case.The banks, which include Merril Lynch, Credit Suisse and JP Morgan, however appealed that ruling, contending the local authorities had no jurisdiction to issue any order against them, including one of anti-competitive conduct.
The investigation targets 23 banks, which include local banks, foreign banks with a presence in South Africa and foreign banks with no presence in the country, for allegedly rigging rand and dollar trading prices, using electronic chatrooms to collude with competitors.
To speak to us
Thembekile Bonakele Commissioner - The Competition Commission
SHOP STEWARDS CORNER
The minister of Employment and Labour, Thulas Nxesi, has proposed that health-care professionals representing tens of thousands of injured workers who have been unable to access funding to pay for their medical expenses should meet with the Workmen’s Compensation Fund to resolve the problem. An outcry of over the non-payment of claims prompted affected stakeholders, including medical practitioners, to last week launch the Injured Workers Action Group (IWAG).
The Compensation Fund Commissioner Vuyo Mafata said the the computer system is not broken and is working properly though new registration procedures are more demanding.
To speak to us
Karin Weskamp Occupational therapist - Cape Town (on the issues they’re facing and dealing with the system)
THOUGHT LEADER Tomorrow, 21 February is the International Mother Language Day -a worldwide annual observance held on 21 February to promote awareness of linguistic and cultural diversity and to promote multilingualism.
Dr David wa Maahlamela Acting CEO -Pan South African Languages Board (PanSALB) (also - poet, playwright, novelist and linguistic scholar)
KULTURE TALK
Ghanaian street culture and arts scene
D-BLACK
Desmond Kwesi Blackmore known in showbiz circles as D-Black is a Ghanaian artist / entrepreneur who built his Black Avenue Group empire in a space of 10 years. Forbes Africa described the young mogul in their May 2019 issue as Ghana’s most successful music mogul Desmond ‘D-Black’ Blackmore. The Artist / CEO / Entrepreneur/ Philantrophist has broken boundaries in his 10 years in the entertainment industry. From releasing hit records, being nominated and winning awards, performing around the world, leading the nightlife scene with his creation ‘Club Onyx’, his revered Record Label ‘Black Avenue Muzik’, as well producing concerts across Ghana via his Livewire Events company. A recent Forbes Africa story on him in May 2019 tipped D-Black to be Africa’s first billionaire entertainment mogul.
• Dudu Myeni says she was working in SAA’s best interests • Disastrous loan may cost the PIC R1.4bn • Woolworths cuts dividend as profit falls by double digits • Gautrain a big policy mistake – CompCom
The SWF - What is and how it works.
Minister of Mineral Resources and Energy Gwede Mantashe has said that royalties the state receives from mining could be used to start up the sovereign wealth fund that President Cyril Ramaphosa announced in his State of the Nation Address. The debate has been going on on whether South African can afford it or where SA could find money to establish it. To comment Lebohang Pheko Political economist
TECH CONVERSATIONS
HOUSING DATA CENTRES
Building or housing data centres in SA. How important is that and what does it mean for the 4th Industrial Revolution?
And I also see here that Teraco is making some huge investments in data centres having invested about R7.3 billion so far. The centre they are building in Ekurhuleni is the largest in Africa and operates a data centre further east, in Bredell on the East Rand, as well as smaller facilities in Cape Town and Durban.
Dr Vukosi Marivate Chair of Data Science at University of Pretoria
UNDER THE MICROSCOPE The nature of the BEE As you know yesterday it was announced that AB InBev’s South African Breweries (SAB) unit plans to list its new R5.4 billion broad-based black economic empowerment (B-BBEE) ownership scheme, dubbed SAB Zenzele Kabili, on the JSE on April 15. The move will also see black retail investors now being able to secure shares in the beer giant. A new book is launching soon, Beyond Tenderpreneurship: Rethinking Black Business and Economic Empowerment and examines the nature of BEE today.
Tessa Dooms Social analyst
FNB senior economist Siphamandla Mkhwanazi said recently commented that police crackdowns on illicit trade in South Africa’s major cities in the second half of 2019, along with civil riots, has contributed to a fall in informal employment. He was responding to Statistics South Africa Quarterly Labour Force Survey for the last three months of 2019, which showed that the unemployment rate remained unchanged at 29.1%– the highest number since the start of the QLFS survey in 2008.
• New bill to give labour minister power to set employment equity targets • Government lifts ban on cattle auctions • SA Statistics Council threatens to resign over funding crunch • MPs fume after Eskom board misses Parliamentary oversight meeting
FW DE KLERK
The FW de Klerk Foundation has officially withdrawn its contentious statement that apartheid was not a crime against humanity, and has apologised. It has also agreed that apartheid was indeed a crime against humanity, as defined by the International Criminal Court. In a statement released by his foundation on Monday, De Klerk said he had taken note of the angry reaction to the statement that had insisted that apartheid was not a crime against humanity
What can we make of all this and what does it really say about the process of reconciliation in SA? Joining me Angelo Fick Analyst
UNDER THE MICROSCOPE
A new business formation, South Africa United Business Council (SAUBC) and they say it’s a non-profit & non-racial, business & economic federation that represents cross-cutting business interests in South Africa. What is it about and what does it aim to achieve? George Sebulela Co-Founder and President of SAUBC
Motsamai Mokhomo SA Black Internet Service Providers Association (in-studio)
Dr. Leon Rolls President - Progressive Blacks in Information and Communication Technology
SMME Xchange
Documenting business processes
Marang Marekimane Founder of Business Process Mechanics and Managing Partner at Entreprenerdy
BUSINESS WRAP
Anelisa Tuswa Business journalist
• Edcon sells its 167 CNA stores to Astoria Investments • Irked shareholders vote against Rebosis’ pay policy • de Ruyter did not know about new state generation firm • Steinhoff shares fall on the back of take-over rumours
IFA INTERVIEW
Most people are looking for opportunities to earn extra income to supplement their earnings. Over the last 21 years Clientele Life has been involved in network marketing through one of its divisions IFA. Over R2 billion Rand has been paid to thousands of these referral marketers.
IFA Marketing Director Mthunzi Mbali and Monde Qotywa, an entrepreneur . Monde Qotywa, he is a renowned self-made business man, he is an Accountant; a director of Sonkisizwe business advisory. He has a vast experience having worked for multinational company as an accountant for more than 13 before he became a director of his own business.
Today is here to talk about the Mother of all events, the NATIONAL AWARDS, which will be happening here at Sun arena on the 15 February 2020 Monde is a running an empowering program where people get taught how to supplement their income, how to start a sideline business.
The annual Mining Indaba is on as we speak in Cape Town and today addressed by Minister Gwede Mantashe. The Minerals Council SA’s data shows that mining production could fall by more than 2% in 2019 after a 1.8% drop in 2018. The industry employed 454,861 people in 2019 compared with 456,438 the year before. In 2015, the sector employed 480,205 people. When it comes to organisations like the IDC, what are some of the investment opportunities out there? To speak to us Tshokolo Nchocho IDC CEO
SHOP STEWARD’S CORNER
The national minimum wage
The unions have rejected a proposed increase of 5% to the National Minimum wage and it is “unjustifiable and totally insulting to the noble ideals of the legislation that was expected to eject millions of workers out of the poverty trap.”. The NMW amount of R20 for workers in general, R18 for farm workers, R15 for domestic workers and R11 for EPWP was agreed to in March 2017. The unions also want farm, domestic and public works employees to to receive higher increases, in order to narrow the gap between them and the National Minimum Wage
To speak more
Sizwe Pamla Cosatu National Spokesperson
BUSINESS WRAP
Sinesipho Maninjwa Independent analyst and CA
• Gwede Mantashe says mining houses can generate their own power. • Manufacturing conditions weaken in January • Tongaat trading suspension lifted • The telecoms cowboy Bernie Ebbers passes away at 78
THOUGHT LEADER The future of water
MS SUZIE NKAMBULE – CEO OF NAFASI WATER
Nafasi Water is owned and led by Ms Suzie Nkambule – a business leader and an infrastructure industry entrepreneur with experience of over a decade in project development, execution and operations within the Aveng Group of companies. Suzie is a business leader and an infrastructure industry entrepreneur with experience of over a decade in project development, execution and operations within the Aveng Group of companies. She has been at the helm of Aveng Water as its Managing Director for the past 4 years. A career which eventually led to her acquiring the business she led successfully as a going concern in 2019.
KREATIVE KULTURE TALK
The state of the SA advertising industry with Neo Mashigo
Neo Mashigo is the Chief Creative Officer for the M&C Saatchi Group, South Africa as well as the Co-Founder of I See A Different You. He is former Chairman and current board member of The Loerie Awards – South Africa’s premiere advertising Awards. He also sits on the Executive Committee of the Creative Circle, a non-profit organization dedicated to promoting creativity as a business tool. In November last year he was named the ad Industry Leader of the Year at the 2019 AdFocus Awards.
UNDER THE MICROSCOPE Trump and Africa relations As you know businessman Patrice Motsepe told US President Donald Trump that Africa loves him and later apologised for the remarks. The apology could have been pressured by the reaction to the statement as more people believe that the current US President Donald Trump or US in general has no strong relations with Africa as a continent. What could be the reason behind this? Dr. Melissa Tandiwe Myambo From the Centre for Indian Studies in Africa - Wits University
TECH CONVERSATIONS GIVE A GIG
Project Isizwe is currently running an initiative, Give a Gig. It says for just just R10, you can put 1GB into the hands of a South African from a low-income community. As you know data is still a luxury in some of our communities.
What is this project about and how will it work?
Dudu Mkhwanazi CEO - Project Isizwe
UNDER THE MICROSCOPE ANC and land expropriation It’s been reported that the ANC wants to give full power over compensation for expropriated land to a minister of land reform. The story is that the proposed plan seeks to cut off the courts from deciding whether the state should pay for expropriated land and instead grants the minister of land reform absolute discretion over land owners’ eligibility for payment. To speak more on this Dr Mathole Motshekga Chairperson of Parliament’s ad-hoc committee on the constitutional amendment
SMME EXCHANGE The future of the co-working space
For the last couple of years we’ve seen a number of co-working spaces being established and promoted as the convenient space for entrepreneurs to collaborate, rent a desk, acquire an address etc. But with the demise of WeWork, what does the future hold for these spaces and do they really achieve their desired results?
To speak to us
Marjorie Ndesi Sales Manager of The Business Exchange
UNDER THE MICROSCOPE Medical Negligence There’s a story that appeared in today’s papers that claims for medical negligence against the state have more than tripled over the past four years, rising to a staggering R104.5bn. In 2018/2019, provincial departments paid out R1.9bn to successful claimants, equivalent to 1% of SA’s consolidated health budget of R208.8bn. What could really be behind this? Professor Sylvester Chima Associate Professor and Head at the Programme of Bio and Research Ethics and Medical Law at the University of KwaZulu-Natal
SHOP STEWARDS CORNER
South Africa is currently sitting at 29.1 unemployment rate. This translates to 6.7 million unemployed people. Unemployment among youth, aged 15 to 24, is at 58.2 percent in the third quarter (released October last year), up from 56.4 percent in the second quarter. In that 6.7 million unemployed people, there are 2.8 million discouraged workers.
What’s the experience of a job seeker in SA?
To speak to us Lebo Nke Chief Culture Officer and Partnerships Executive at Harambee Youth Employment Accelerator
BUSINESS WRAP
Sinesipho Maninjwa Market analyst and CA
Those behind irregularities will be held liable - Tongaat chair KaapAgri says they have a strong pipeline of new retail fuel sites for 2020, as part of the firm's growth strategy (has their listing unlocked the value and liquidity they have been looking for?) What's the business and market impact of this Corona virus South Africans will save so much in stokvels that they could by Woolworths in cash Net1 sells Korean investee firm, KSNET for more than its market cap to unlock liquidity
THOUGHT LEADER PASSION FOR SOCIAL JUSTICE BUANG JONES - Provincial Head: South African Human Rights Commission (Gauteng Provincial Office) and Acting Head of Legal Services: South African Human Rights Commission. Buang Jones, 35, is a lawyer from Bloemfontein. Focus area of practice: General Legal advisor and Litigator in Public Interest Law, Human Rights Law, and Alternative Dispute Resolution
KULTURE TALK
Bogus initiation schools
Just some few weeks ago (late December) Gauteng police intensified a crackdown on illegal initiation schools following the death of two boys at Crown Mines and Lenasia. One initiate, aged 23, died from burns. The alleged operator of the bogus school in Crown Mines was arrested.
These are some of the stories that made rounds in December. What’s behind this rise of illegal initiation schools and what’s been done about it?
The person who has been following this:
Prince Manene Tabane Contralesa Gauteng Chairperson
BUSINESS WRAP
Makwe Masilela Chief Investment Officer - Makwe Fund Managers
ARC poised to be anchor investor in Alexander Forbes Labat Africa buys cannabis training and education platform CannAfrica Clicks distribution unit buoyed retailer's sales PGM production update from Anglo
BUSINESS WRAP
Nolwandle Mthombeni Analyst at Mergence Investment Managers
• WeWork starts offloading process • MTN launches special TikTok data prices to target ama2000s • Sanlam disposes of Stefanutti stocks shares, precipitating major sell off • Sipho Pityana announced as co-chair of WEF Africa Board
TECH CONVESATIONS
South African fintech startup Pago has launched its first product, payments platform Tuma, and has already passed the 2,500 transaction mark. Pago rolled out the Tuma MVP in October of last year, allowing South Africans to transfer funds from any instant money wallet to any bank account.
Guest:
Philip Mngadi Founder of Pago
UNDER THE MICROSCOPE Inequality - The Oxfam Report
Oxfam launched its annual global inequality report titled Time to Care: Unpaid and underpaid care work and the global inequality crisis. The report shows how the inequality gap is increasing. 2,153 global billionaires have more wealth than 4.6 billion people — that’s 60% of the world’s population. Oxfam also revealed that the number of billionaires has doubled in the past decade.
To speak to us
Kwezilomso Mbandazayo Women's Rights and Gender Justice Programme Manager - Oxfam
SMME Xchange
A small business organisation New Tech Electrical Supplies, took to court one of the big players in the renewable energy industry- claiming over a million rand in enterprise development that it says the company had reneged on. The 100% black-owned New Tech Electrical Supplies and Construction (New Tech) has claimed that Globeleq SA failed to honour the enterprise development funding it agreed to provide.
To understand the latest on this story and where it is now…
We are joined by Siyabulela Afrika Managing Director of New Tech Electrical Supplies and Construction in Northern Cape
UNDER THE MICROSCOPE Schools safety + Schools Act The South African Human Rights Commission (SAHRC) will represent the family of deceased Parktown Boys' High pupil Enock Mpianzi in a lawsuit against the school and the Department of Basic Education, as well as other role players in the tragedy. Mpianzi, a Grade 8 pupil at the prestigious Johannesburg school, drowned last week while on a school orientation camp in North West. His body was recovered by police from the Crocodile River on Friday. He had been missing since Wednesday afternoon when the group participated in a water activity, but his absence was only noticed on Thursday.
Can the family sue since an indemnity form was signed? What does the SA Schools Safety say and what does the law say? GUESTS Faranaaz Veriava Head of education Rights Programme - Section 27
And
Professor Omphemetse Sibanda Professor of Law - University of Limpopo
SHOP STEWARDS CORNER
JOBS BLOODBATH - WHAT’S THE SOLUTION?
South Africa is facing a jobs blood bath with thousands of employees facing a possible chop. Companies like Telkom, Massmart etc. Sibanye recently concluded a restructuring process where some employees lost their jobs.
Solidarity said that government's economic policy was responsible for the "retrenchment bloodbath" in South Africa's manufacturing sector. It said that following a "disastrous" 2019 in the manufacturing industry - during which more than 7 000 retrenchments took place - the "retrenchment bloodbath" continued with Samancor Chrome and Glencore Alloys both announcing on January 17 that they would be laying off 600 and 665 employees respectively.
Guest: Zwelinzima Vavi General Secretary - SAFTU
UNDER THE MICROSCOPE THOUGHT LEADER THURSDAY TURNING AROUND PRASA - IS IT POSSIBLE?
Bongisizwe Mpondo Administrator - Prasa
KULTURE TALK
WHAT’S NEXT FOR KING DALINDYEBO?
Now that Abathembu King Buyelekhaya Dalindyebo is out of prison, what’s next for him? Can he still resume his duties of being the king? The tension between him and his son, Azenathi, who is currently the caretaker king - what does it mean for the nation of Abathembu? And it’s been reported that that there are some within the nation who feel Azenathi should continue as king?
To understand this better
Phumla Madiba Cultural expert
BUSINESS WRAP
Zwelakhe Mnguni Chief Investment Officer and co-founder - Benguela Global Fund Managers
• SARB cuts interest rates by 25 basis points • Planned retrenchments at Telkom raise the anger of the unions • RMB somewhat in a pickle with Belgian property investor • Palladium seems to be on a rally once again
UNDER THE MICROSCOPE WATER MASTER PLAN
As you’ve probably seen or experienced that the country is suffering with drought. In other parts of the country like the Eastern Cape, Free State and the Northern Cape the situation is dire. In November last year, Human Settlements, Water and Sanitation minister Lindiwe Sisulu launched the R900bn water master plan. Sputnik Ratau Spokesperson - Department of Water and Sanitation
TECH CONVERSATIONS
Recently, we’ve been seeing a dramatic rise in digital scams including that of WhatsApp hijacking by criminals. This is where they take over your number and do as they please with it - normally, defrauding people in your contact list.
Is there a way to build a firewall around your digital life? Joining me is
Tumelo Baloyi Software and Network Security engineer
SMME Xchange
Today a doyen of business Ntate Richard Maponya was laid to rest having been with us for 99 years. He was many things, a pioneer, trailblazer etc. Very instrumental in founding the very black owned bank in SA, African Bank, and a founding member and leader of The National African Federated Chamber of Commerce and Industry, Nafcoc.
We celebrate his life and we also ask; what is the state of Nafcoc today?
Guest: Sonyosi Skhosana Nafcoc Secretary General
UNDER THE MICROSCOPE Education outcomes As you know the metric results that were announced last week. 81, 3% matric pass rate; the highest since the advent of democracy in 1994. This is the first time the combined matric pass rate has breached the 80% threshold. President Ramaphosa said this is a clear signal that government’s substantial investment in education, in pupil and teacher support and in educational infrastructure is yielding results. Prof Lindelani Mnguni School Director: Teacher Education & Associate Professor Science Education at Unisa
BUSINESS WRAP Bright Khumalo Portfolio Manager at Vestact Asset Management
Old Mutual wins appeal against Peter Moyo Roy Bagattini named as new Woolworths CEO Consumer confidence at a two year low according to FNB and the BER World's largest fund manager, BlackRock to end investments with high climate risk - will other fund managers follow suit? Vodacom might be eyeing Cell C
UNDER THE MICROSCOPE THE ANC JANUARY 8 STATEMENT
The governing party, The ANC, celebrated its birthday this past weekend in Kimberly, turning 108 years old. And, as usual its President Cyril Ramaphosa delivered the annual January 8 statement. He said said the party aimed to prioritise the building of a capable state, a united society and eradicating poverty. He also touched on other issues like land reform, The SOEs especially Eskom and fighting corruption. To talk more on this Ongama Mtimka Lecturer at Nelson Mandela University
SHOP STEWARDS CORNER
Eskom’s Jabu Mabuza resigned this Friday as the chair of the utility company. In his resignation letter, he said that Eskom failed to honour its commitment to President Ramaphosa, deputy president Mabuza and Pravin Gordhan to avoid load shedding until 13 January. He led Eskom for the past 2 years and at some point holding two positions, Chairman and CEO. This has brought a new crisis to the cash strapped company with growing calls for the entire board to resign.
To talk more on this
David Sipunzi General Secretary - National Union of Mineworkers
THOUGHT LEADER THURSDAY Zuko Tisani He is the founder of Legazy. Known for raising over $1 million for technology conferencing at the age of twenty-three. Named the ‘King of Conferencing’ by Destiny Man, Zuko brought the largest African delegation of twenty startups to Lisbon, Portugal at the age of twenty-four. Legazy has had South African startups exhibits in Portugal, where twenty startups exhibited with funding by Standard Bank; in Washington D.C, where it sponsored a few startups through the Global Entrepreneurship Network and in Paris, where it fundraised for a full South African pavilion to an audience of 80 000 people. He was named in Forbes Africa 30 Under 30 in 2018.
KULTURE TALK
Businessman and brand expert Thebe Ikalafeng has been travelling the continent, Africa, non-stop for the past two years and he has visited every country on the continent. He was also chosen as one of the Most Influential Africans, according to New Africa Magazine.
He is also the founder of Brand Leadership and has won numerous global marketing and branding awards.
Thebe Ikalafeng
UNDER THE MICROSCOPE The EFF elective conference The EFF’s National People’s Assembly, their elective conference, takes place from Friday to the 16th of December in Nasrec, Johannesburg. Over 4000 delegates are expected to attend and elect new leadership. To talk to us Dr Mbuyiseni Ndlozi EFF National Spokesperson
TECH CONVERSATIONS
Cape Town based on-demand sales force and market research startup iSpani Group recently won R2.5-million in seed funding at the Diageo Empowerment Trust SA Social Tech Start-Up Challenge. The startup was founded in 2016 by Patrick Machekera, Ntandoyenkosi Shezi and Prince Nwadeyi. To chat more about this company we are joined by: Prince Nwadeyi Co-founder - Ispani Group
BUSINESS WRAP Phinda Mangolothi Head of Trading - Merritt Securities
Regulators and banks form partnership to tackle financial crime
Annual consumer price inflation at lowest level in 9 years
Zimbabwe deepens power cuts to 24 hours
SA's horse racing industry hangs in the balance due to Phumelela financial troubles
UNDER THE MICROSCOPE EC dying initiates - the solutions
The Eastern Cape health MEC Sindiswa Gomba has directed all qualified medical officials stationed in Bhisho to go to initiation schools to assess the conditions of initiates. This after 18 initiates have died - so far. She said the department had allocated more than R20m for additional 4x4 vehicles and the supply of medical essentials and water. Dr Mbuyiselo Madiba, Chief medical officer at the Department of Urology at at Nelson Mandela Academic Hospital in Mthatha, was quoted calling for traditional circumcision in the Eastern Cape to be banned for a year and replaced with medical circumcision.
He joins us on the line Dr Mbuyiselo Madiba Chief Medical Officer, Urology Department, Nelson Mandela Academic Hospital
SME XCHANGE
Today we looking at some companies that are playing innovative roles in the climate change space. Today we’re speaking to Indalo Inclusive South Africa, a non-profit company based at the Innovation Hub in Pretoria. Together with its global partners they do a lot of work to support social and green entrepreneurs, especially on the back of growing concerns on climate change and the need for innovative ideas to respond to them.
To speak to us
Rest Kanju Executive Director: Indalo Inclusive & SEED South Africa Co-ordinator I
BUSINESS WRAP Nolwandle Mthombeni Investment analyst - Mergence Investment Managers
• BMF takes Mango CEO challenge to court • Palladium soars to $1,900 • Cell C creditors hire bank and lawyers to lobby for Telkom takeover • Manufacturing production falls for the fifth month in October
UNDER THE MICROSCOPE
THE SACP CONGRESS The SACP 4th Special National Congress is currently taking place from today until the 12th of December. The theme is “Rebuild Our MovementSocialism is the Future; Build it Now”. The Congress will also look at whether SACP has made progress on some of the resolutions it set out for itself at the 2017 national congress.
SHOP STEWARDS CORNER
Eskom has warned that it may continue rolling blackouts throughout the week as power cuts entered a fifth day. It said it’s cutting 2 000 megawatts from the grid today, extending the load shedding. Plant breakdowns resulted in the utility losing as much as 12 000 megawatts on Sunday.
And, according to some economists, South Africa’s flagging economy could face a second recession in as many years due to a new wave of nationwide power cuts.While the power cuts are implemented to prevent a collapse of the electricity grid, they have a debilitating effect on the economy by curtailing mining activity and factory output and causing crippling traffic delays.
BUSINESS WRAP Sinesipho Maninjwa Independent analyst and CA
• Transport Minister Fikile Mbalula dissolving the Prasa board and put it under administration • African Rainbow Capital (ARC) CEO says government should not interfere in cell phone data prices • Altron acquires Ubusha Technologies for R360m
0:30
THOUGHT LEADER QUALITY PRIMARY EDUCATION / EARLY CHILDHOOD DEVELOPMENT
With reading activist, Koketso Lediga
KULTURE TALK
Here we always feature and talk to amazing people who are making big impact in the field of arts and culture.
Our guest tonight
Ruzy Rusike Head Curator and Manager at The Melrose Gallery
BUSINESS WRAP Phinda Mangolothi Head of Trading - Merritt Securities
• SAA will get R2bn in cash from the Treasury to facilitate the business rescue process
• The Government Employees Pension Fund (GEPF) published its annual report for the year ending March 2019 today
• Dimension Data sells the office complex, The Campus, in Brynston to a consortium of Black women investors
• Black Friday this year reached a total spend of R6 billion – exceeding retailers’ expectation
GLENFIDDICH
We’re talking the Glenfiddich Challengers Club coming from Cape Town as you know yesterday we spoke to MoFlava from The Morning Flava.
Tonight we are catching up with one of the luminaries.
Aubrey Mnisi
UNDER THE MICROSCOPE THE NEW JOBURG MAYOR
Joburg, one of the richest cities in Africa has a new mayor.The ANC's Geoff Makhubo has been elected the new mayor of the City Of Johannesburg. Makhubo won the vote by a landslide, getting 137 votes to the DA's 101 votes and the EFF's 30 votes.He takes over from Herman Mashaba, who stepped down from the position last week after announcing his resignation - as mayor and from the DA - back in October. To speak about this Ralph Mathekga Political analyst
TECH CONVERSATIONS
In this lot we talk the latest in terms of technology ideas, entrepreneurship and the future and we speak to some people behind these ideas. Today, our guest is, Veronica Motloutsi
She is currently the Chief Executive and Founder of SmartDigital Solutions and BushTribe Investments. SmartDigital Solution is a 100% black female owned digital company, build to leverage the benefits of the 4th Industrial Revolution. As a South African company with the Vision of Africa, its mission is to enable its clients to fulfil their digital ambitions and take on a leadership role to help shape the new rules of the game. She has published papers in the area of IT: The effectiveness of programmes to recruit and retain women in ICT& The state of IT Governance in the top 20 IT spending companies in South Africa.
She joins us Veronica Motloutsi Chief Executive and Founder of SmartDigital Solutions and BushTribe Investments.
BUSINESS WRAP
• Old Mutual and Peter Moyo were back in court today • MTN says it will oppose the Competition Commission recommendations • Grand Parade Investments, which holds the Burger King franchise in South Africa, said it was in talks to sell a stake in the business • South Africans shopped up a storm on Black Friday. A total spend of R6 billion?
GLENFIDDICH
We’re talking the Glenfiddich Challengers Club and tonight Mo Flava, from the The Morning Flava, is coming to us from a different city.
We are catching up with him
MoFlava
UNDER THE MICROSCOPE 16 DAYS OF ACTIVISM - WHERE ARE WE STILL FAILING? It’s still the 16 Days of Activism for No Violence against Women and Children Campaign - and it’s something we do every year but the impact is still very minimal or non-existent. The violence against women and children in this country still continues on daily basis. Some argue that we are a country in need of healing.
Professor Kopano Ratele argues that we should go to the core root and foundation of the society in order to come up with a solution ,Start by fixing boys and men, to fix society.
How are you raising your boy? 089 110 3377
Joining me on the line
Professor Kopano Ratele Research professor at the Institute for Social and Health Sciences (ISHS) in the College of Graduate Studies at the University of South Africa (UNISA).
UNDER THE MICROSCOPE
The Competition Commission's final data services market inquiry report was released today and found that current prices exclude many poor and disadvantaged people from participating in the digital economy. It also said operators charge more for data services in SA than they do in other markets where they operate, and they had to commit to cutting prices. Mobile operators could face prosecution if they do not drop prices.
To speak to us Thembinkosi Bonakele Commissioner - Competition Commission
The One Wage Campaign – a coalition of workers’ rights organisations, unions and civil society members, with the support of Lawyers for Human Rights – formally lodged a legal submission to the National Minimum Wage (NMW) Commission on 20 November 2019, arguing against the exclusion of domestic, farm, and EPWP workers from the full national minimum wage. The NMW Act came into effect in South Africa on 1 January 2020. The Commission is obliged by the end of 2019 to make recommendations to the Minister of Employment and Labour about adjustments to the NMW. To chat more Amy Tekie From Izwi Domestic Workers Alliance and One Wage Campaign Coordinator
BUSINESS WRAP Sinesipho Maninjwa Independent analyst and CA
Competition Commission releases review of data prices - should consumers be happy? Tongaat considering legal action against former directors Discovery to launch international business Pravin Gordhan pleads with SAA consumers for patience and support
BUSINESS WRAP
Nolwandle Mthombeni Investment analyst at Mergence Investment Managers
• Eskom interim results indicate a 20bn loss • Producer inflation falls to lowest level in over four years • Air India (joins the like of Air Tunisia and SAA) - struggling and in need of a buyer • Black Friday ...its gonna be lit
UNDER THE MICROSCOPE The City of Joburg
Today was the last day of Herman Mashaba as the mayor of Joburg. City of Johannesburg councillors will meet to vote for a new mayor tomorrow. All 3 leading political parties have fielded their candidates, ANC, DA and EFF. There are 269 seats in the council. ANC -121 seats DA - 104 seats EFF -- 30 seats IFP -- 5 seats AIC -- 4 seats FFPlus, ACDP, Aljama, UDM, Cope, PA - Less than 1% - 1 seat each
What would be the political dynamics and which party will emerge tomorrow?
To speak to us Ongama Mtimka Nelson Mandela University
TECH CONVERSATIONS
IT PERSONALITY OF THE YEAR - Tiyani Nghonyama
Tiyani Nghonyama, THE co-founder of Geekulcha, is the 2019 IT Personality of the Year and he was presented to him this morning by Institute of Information Technology Professionals South Africa (IITPSA). He is also COO of Geekulcha, which aims to address the country’s ICT skills challenge and groom future geeks. He is involved in driving and cultivating geek culture activities in the Northern Cape in particular, and has established NCDev, a platform for all things tech and entrepreneurship in the province. He also lectures at higher learning institutions such as Tshwane University of Technology, UNISA, GIBS and various FET colleges.
• Receiving this award at 26 • I understand you're from Giyani and how you got hooked into ICT • The work he’s been spearheading in different universities • What they do at Geekulcha • The company has won a number of accolades • Partnerships? • The support in making it possible • Innovation in SA - slow pace? • Innovation and technology in government (he’s got views) • Spectrum
Tiyani Nghonyama, is a qualified Computer Systems Engineer who serves on the Advisory Committee Boards of the Tshwane University of Technology and the Vaal University of Technology for Computer Science. Since 2014, he has worked with the University of South Africa in Open Source initiatives.
In 2015, he created the Geekulcha Student Society programme at Sol Plaatje University, and this programme has now spread to 17 campus in 5 provinces in the country. He also spearheaded the creation of the Future GeekStars programme to expose and equip youngsters with the right skills for the ICT industry, as well as the Geekulcha Vacation Work programme, which benefits 1 440 learners in five provinces.
BUSINESS WRAP
Makwe Masilela Chief Investment Officer at Makwe Fund Managers
• SAA to pay 50% of salaries • South Africa’s power sector reform timeline “optimistic”, according to S&P • Attractive SA bond yields make for lively government auction • State Information Technology Agency says available cash balance of R500m enables it to be sustainable for 20 working days
SMME XChange
THE WORK OF THE SME FUND
The SME Fund was officially launched earlier this year by President Ramaphosa. It’s a fund initiated by the CEOs of some of SA’s largest companies, with a mandate to “invest in scalable small and medium enterprises with the best potential for growth and sustainable employment creation in the SA economy”.
The Fund is a registered standalone investment vehicle managed by an executive management team, which reports to an independent board of directors.
To speak to more its mandate and some of the highlights since they started is:
Lumka Mlambo Investment Principal - SME Fund
UNDER THE MICROSCOPE
Rocket Science - Dr. AshiteyTrebi-Ollennu,
Chief Engineer, Mobility and Robotic Systems - NASA Jet Propulsion Laboratory, California Institute of Technology
• On his visit to SA (he came to accept an award) • On how it started for him • How he ended up at Nasa • He has been associated with various NASA Mars missions, notably the Mars Rover and InSight projects. • A Mars rover is a motor vehicle that travels across the surface of the planet Mars upon arrival • There have been four successful robotically operated Mars rovers, all managed by the Jet Propulsion Laboratory: Sojourner, Opportunity, Spirit and Curiosity. • On expanding Curiosity indefinitely ( In December 2012, Curiosity's two-year mission was extended indefinitely. The rover is still operational, and as of November 25, 2019 Curiosity has been on Mars for 2596 sols (2667 total days) since landing on August 6, 2012). • (InSight) mission is a robotic lander designed to study the deep interior of the planet Mars. • The mission launched on 5 May 2018 at 11:05 UTC aboard an Atlas V-401 rocket and successfully landed at Elysium Planitia on Mars on 26 November 2018 at 19:52:59 UTC. InSight traveled 483 million km (300 million mi) during its journey. • Insight’s objectives? • People who want to go to Mars • Africa and space science
19:42
BUSINESS WRAP
Nolwandle Mthombeni Investment analyst - Mergence Investment Managers
UNDER THE MICROSCOPE
RACISM AND TRIBALISM WITHIN THE ANC
ANC deputy secretary-general Jessie Duarte was speaking to ANC member at the Naledi Community Hall in Soweto last week during the Albertina Sisulu Memorial Lecture and was quoted saying the ANC is “tribalistic and racist” for marginalising members and voters who are not black Africans.
She said “We have almost become tribalists in the way we present ourselves. We are racist in the ANC because we marginalise people who are not black African people; keep them out of the ANC at all costs. (And) put one or two there as tokens so that we can say mara ja, you know, there is uJessie apha (here) representing,”
She said some ANC members say so-called coloured people benefited from apartheid.
What does this all mean coming from such a senior member within the organisation
To speak to us Angelo Fick Political Analyst
SHOP STEWARDS CORNER
COSATU AND PRIVATISATION
The Congress of South African Trade Unions, Cosatu, said it has not changed its stance on privatisation but instead they want the government to allow private sector participation in SOEs as long as the state maintains majority shareholding.
What has brought this and is Cosatu going against its fundamental values?
What do you make of this? 089 110 3377
BUSINESS WRAP
Sinesipho Maninjwa Independent analyst and CA
• The Competition Commission has recommended that exclusive leases between shopping centres and the big four grocers come to an end • Sasol warns of profit fall • Pepkor Holdings said its profit grew by 14.5% and plans to exit Zimbabwe • Billionaire Michael Bloomberg, enters the American presidential race
KULTURE TALK
The Abantu Book Festival is back again this year. It is known as the South Africa's biggest book festival for Black readers and writers. The Abantu Book Festival will take place from the 5th to the 8th of December at the Eyethu Lifestyle Center in Soweto and entry is R20.
Writers like Bra Zakes Mda, media mogul and recent author of a memoir entitled Bassie: My Journey of Hope Basetsana Kumalo as well as Egyptian-American journalist Mona Eltahawy and Nigerian-American author Chris Abani are part of the official line-up for the three-day event. Professor Pumla Gqola will also be there. Dr Tlaleng Mofokeng and many more
• Reserve Bank keeps repo rate at 6.5% • Planned restructuring a boost to Remgro shares • Mr Price said profits had fallen by double digits in its six months • Tsogo Sun results
What does it really take to mourn a king and are some of the requests practical? Zolani Mkiva General Secretary - Contralesa and former spokesperson of King Zwelonke
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Inflation slides to lowest in years
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Eskom needs R187bn to meet emissions standards
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Sibanye Stillwater pulls out of august international platinum body
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Cell C set to reject Telkom offer in favour of MTN partnership
SAA / ESKOM - THE UNIONS
Apparently, the unions that are striking at SAA met up with Minister of Public Enterprise Pravhin Gordan today and the unions also met up with the airline today to find solutions.
BUSINESS WRAP
Nolwandle Mthombeni Investment Analyst at Mergence Investment Managers
• SAA wants labour court to step in over crippling strike • Sars still not up to scratch in dealing with illicit tobacco trade • Tongaat’s key forensic findings out next week • A rare blue diamond found outside Pretoria has just been sold for R220 million
Andile Nomlala BMF President
• On the Eskom CEO appointment • Apparently, top 3, only black candidate was Jacob Moroga and former Eskom CEO • These names went to the ANC or a group a cabinet ministers made that decision (Mavuso - ANC sat with these names for 4 weeks) • The kind of CEOs the government is looking for in our SOEs • Next up is Transnet (looking for a new CEO to replace Siyabonga Gama) • The argument that - our own people, Blacks, have destroyed these institutions • BMF on what is happening at SAA
UNDER THE MICROSCOPE
A new study by by Statistics SA, titled Inequality Trends in SA says more than half of SA's household spending comes from the richest 10% of its people, while the bottom 50% of the population shares less than 10% of total spending, reflecting the deep inequality that puts SA up there in the top five most unequal countries globally. The report ranks black African households as facing the highest level of unemployment, as well as earning the lowest wages of any racial category when employed. They also have “significantly lower” access to medical aid cover than other racial groups.
And governemnt recently launched the 25 Year Review report. The report also found that spatial planning continues to breed more marginalisation and poverty among certain groups. And it says with all the legal and policy instruments of redress in place, poverty and inequality still persist and this is largely the result of skewed ownership and participation patterns in our economy”.
The National Union of Metalworkers of SA (Numsa) said it plans to bring SA’s aviation sector to its knees as it moves to extend its strike at SAA to the entire aviation industry. More than 3,000 workers launched a strike at the national carrier on Friday, demanding an 8% increase, while the state-owned airline is offering 5.9%. Consultation on this process was under way with various entities including Mango Airlines, SA Express, FlySafair, Comair, the Airports Company SA, the SA Civil Aviation Authority and other suppliers and service providers to the industry.
Should government intervene on this?
Business Leadership South Africa president Busisiswe Mavuso says - No.
Sinesipho Maninjwa Independent analyst and CA
• Cell C signs roaming agreement with MTN • Astral Results • Barloworld Results • Rising maize prices affect both Pioneer Foods and Astral
SAA STRIKE
After a meeting this afternoon, the National Union of Metalworkers of South Africa and the South African Cabin Crew Association rejected the latest offer by South African Airways. This means, if I am correct, the strike will go ahead tomorrow. Joining me is Phakamile Hlubi - Majola Numsa National Spokesperson
And Tlali Tlali SAA spokesperson (not confirmed)
BUSINESS WRAP
The Minister for Small Business Development, Ms. Khumbudzo Ntshavheni today announced a package of measures and SMME funding instruments for improved funding of SMMEs. She made these announcements today at the Centre for Entrepreneurship and Rapid Incubation of the Ekurhuleni TVET college, Katlehong campus. The Minister joins us on the line
Khumbudzo Ntshavheni Minister of Small Business Development
TECH CONVERSATIONS
The 15th ICT Summit is taking place in East London next week, 19-21 November. They say the summit functions as a powerhouse where businesses engage in talks, networking for business development opportunities, and create platforms to strategize and discuss new topical ICT issues, trends, innovative ideas, and online communications. Our guest tonight - from our PE studios, Motse Mfuleni Founder and Executive Chairperson, ICT Summit
BUSINESS WRAP
Nolwandle Mthombeni Investment analyst and Mergence Investment Managers
- Trump impeachment Process and Trade War Update
- SAA workers set to go on strike on Friday
- retail sales numbers up o.2% in September
- Spar Group registers double digit top line growth
UNDER THE MICROSCOPE
DISPOSSESSION OF MINING COMMUNITIES IN MPUMALANGA
Researcher Dineo Skosana says the dispossession of families in South African mines still continues to this day. This is based on her research, part of her PhD research, on what communities lose because of coal mining. She conducted it in Ogies, Emalahleni Joining us Dineo Skosana Associate researcher - Wits University
SMME EXCHANGE
Zande Africa will next week launch its new advanced hypermarket specifically developed for the needs of SA’s informal trading market. It says by supporting the growth of the spaza shop industry, a R40 billion cash market, Zande is boosting entrepreneurship in townships and communities. It will offer customers credit, an Uber-type model for delivery of stock, in-store withdrawals, free wi-fi, a money market kiosk and a showroom with discounted goods. Zande has attracted significant funding for this social innovation which ensures more South Africans are able to enter the informal trading market.
To chat more Siya Ntuntela CEO and co-founder of Zande
UNDER THE MICROSCOPE BEE - IS IT REALLY WORKING?
Gerrie Fourie, Capitec CEO and the recent winner of the Business Leader of the Year at the Sunday Times Top 100 Companies Awards was quoted saying BEE is not working. He said “If you look at BEE in totality in South Africa, it hasn’t worked because it should be there to help all South Africans and, unfortunately, it has only helped a couple of people. I think that is something we need to work on”. He even went on to say “There is also an attitude in South Africa that we need to work on that says ‘what can I do?’ rather than (focusing on) entitlement. I think that’s quite crucial for our culture going forward.”. To chat more on this Xhanti Payi Economist
UNDER THE MICROSCOPE The Soweto electricity bill
SA Local Government Association (Salga) chief executive Xolile George said the proposal by Soweto residents to pay a flat R100 fee for electricity is not the solution to the spiralling electricity debt of R19 billion that the country’s largest township owes power utility Eskom.He said Salga had been asking Eskom to respect the law and sign a service delivery agreement with municipalities to regulate the dual service provision, which has seen areas like Soweto being serviced by Eskom while other parts of the Johannesburg get their electricity from City Power. Soweto residents say they want to pay R100 a month. According to King Sibiya of the Lungelo Lethu Human Rights Foundation (LLHRF) saids aid in the last couple of months Eskom has been disconnecting electricity to residents for non-payment. To chat more Seth Mazibuko Chairperson - Orlando Action Committee
SHOP STEWARDS CORNER
This is where we always talk all issues affecting workers, from the ones on the floor all the way to the streets. The debate around decriminalising sex work has been going on for the longest while the sex workers continue being violated, abused and sometimes killed. Human Rights Watch released a report few months ago titled “ Why Sex Work Should be Decriminalised in South Africa”. The report, according HRW, "highlights deep inconsistencies between different government bodies in their approaches to sex work and services for sex workers"."The most notable difference was between the national Department of Health, which makes efforts to support sex workers with access to health care and the criminal justice system, which take a punitive approach,. To talk more on this Megan Lessing Sex Workers Education and Advocacy Taskforce (SWEAT) Media Advocacy Officer
BUSINESS WRAP
Sinesipho Maninjwa Independent analyst and CA
Allan Gray founder dies Arcelor Mittal closes Saldanha operation Aspen pharmacare agrees to sell Japanese unit Transnet delivers bigger profit in spite of flat freight volumes
KULTURE TALK
Lulu Mlangeni Dancer, choreographer, teacher and the recent winner of the Standard Bank Young Artist Award in Dance category. Her practice incorporates a strong element of texture to the art of movement and has seen her perform on stages across the world. Her recent dance piece, Confined, is inspired by the political stalwart Winnie Madikizela Mandela.
BUSINESS WRAP
Investment Conference
It’s the last day of the SA Investment Conference, billions pledged and job creation initiatives promised. But, ahead of the Conference, President Cyril Ramaphosa officiated the groundbreaking launch of the Tshwane Automotive Special Economic Zone (SEZ). The Automotive Industry Development Centre (AIDC), a subsidiary company of the Gauteng Growth and Development Agency has been tasked to deliver the Tshwane Automotive SEZ on behalf of the Gauteng Provincial Government. To speak to us Lance Schultz CEO - The Automotive Industry Development Centre
Nomahlubi Jakuja Research and Policy Manager at South African Federation of Trade Unions, SAFTU. and Sidney Kgara Head of Policy Development Unit at The National Education, Health and Allied Workers' Union, NEHAWU
cBUSINESS WRAP
Today on our Business Wrap we focus on the work of The East London Industrial Development Zone - which is provincial public entity listed under schedule 3D of the Public Finance Management Act (PFMA). To talk on it and what it does, we are joined by; Mr Tembela Zweni EAST LONDON IDZ CHIEF OPERATIONS OFFICER
NKGABISENG MOTAU - A JUDGE AT THE AWARDS AND CO- FOUNDER OF THINK AFRICA CREATIVE AGENCY AND ANELE NZIMANDE, PROJECT MANAGER OF PENDORING AWARDS
UNDER THE MICROSCOPE THE MAIMANE TEST OF LEADERSHIP
The Democratic Alliance Federal Council meeting took place this past weekend. It also elected former leader and former WC Premier Helen Zille as the new Federal Council Chair, a very powerful position. This has led to, among other things, the resignation of Joburg Mayor Herman Mashaba saying he could not associate himself with a group of people who believed race was irrelevant in the discussion of inequality and poverty in the country. To speak to us Sthembiso Msomi Sowetan editor and author of the book, Mmusi Maimane : Prophet or Puppet?
SHOP STEWARDS CORNER The Gauteng High Court in Pretoria on Thursday ruled that domestic workers injured in the past while on duty will be able to claim damages. The court ruled in May this year that the exclusion of domestic workers in the Compensation for Occupational Injuries and Diseases Act (COIDA) is unconstitutional. Thursday's order brings those domestic workers who were in the past injured while on duty a step closer to receive compensation and justice.
Guests: Renee Williams - General Manager - TV Content - SABC Asanda Magaqa - Spokesperson - Department of Sports, Arts and Culture Zikhona Sodlaka - actress Lebone Maema - from the Independent Black Filmmakers Collective (and former head of Mzansi Magic) Adrian Galley - Vice Chair - South African Guild of Actors Vatiswa Ndara - actress Keke Mphuthi - emerging (young) actress Neil Brandt, Independent producers Organisation Executive Motlatse Mafatshe - actor
Prof Stephen Devereux UWC’s Institute of Development Studies (IDS) and the national Centre of Excellence in Food Security (CoE-FS) And Carmen Louw Co-director - Women on Farms
Under the Microscope: The origin of clan names #HeritageDay Guests: Nelson Makhubane Tshabalala Award winning author and historian
Thando Sipuye Historian and social scientist DEPOLITICISING PUBLIC HOLIDAYS
Is it a good idea?
Some of our holidays used to known by different names like Sharpville Day that we today call Human Rights Day. Shaka Day being the Heritage Day. December 16 is reconciliation Day. The origins of the celebration for the Afrikaners goes back to the Day of the Vow , celebrated on 16 December 1864 in commemoration of the Voortrekker victory over the Zulus at the Battle of Blood River . Mkhonto we Sizwe was also formed on 16 December 1961
Duma Gqubule Founding director at the Centre for Economic Development and Transformation And Busi Mavuso Business Leadership South Africa
KULTURE TALK Cape Town sneaker culture / street culture GUEST: Rolo Rozay Founder - Sneaker Cartel
SHOP STEWARD’S CORNER
PUBLIC SECTOR WAGE BILL
Minister of Public Service and Administration Senzo Mchunu wants the government to crack down on public servants doing business with the state. He called for the urgent implementation of the Public Administration Management Act that prevents public servants from doing business with the government.
Thabo Koee Co-founder and Chief Technology Officer at Africa Business Intelligence And Munsanje Mweene Senior Data Scientist at Aerobotics
Mphuthi Mphuthi Director at Mphuthi A. MPHUTHI & Associates & Chairman of Soweto Business Access
Dr Crispen Chinguno Senior Lecturer at the School of Humanities - Sol Plaatje University &Reuben Maleka PSA assistant general manager
Simon Mbata Coordinator - South African Waste Pickers Association And Musa Chamane - Waste Campaign Manager at groundWork
Mohammed Bulhan Spokesperson - Somali Community Board , Siyabulela Qoza Spokesperson - Department of Home Affairs And Sanele Kunene Executive of SMME Strategy at SARS BAIT
Kananelo Boloetse Senior Journalist at Public Eye Daily and Public Eye Lesotho & Sam Mokhele General Secretary The National Clothing Textile and Allied Workers Union (Lesotho)
Adekunle Owolabi Journalist - Nigerians in South Africa portal And to Dr Vusumzi Sibanda Chairperson - African Diaspora Forum
Today the SABC released its long awaited report on whether there was any interference in editorial policy. The commission on inquiry was set up in May last year and it found out that the SABC suffered from the capricious use of authority and power to terrorise staff and deflect the corporation from its mandate and its editorial policies.
Hosted in The Challengers Club, a space for shared opinions and perspectives of success. A selection of South Africa’s most brilliant minds are here to talk about the power of smart risks, and how these decisions guide endless self improvement. Brought to you by Glenfiddich, the World’s Most Awarded Single Malt Scotch Whisky.
Hosted in The Challengers Club, a space for shared opinions and perspectives of success. A selection of South Africa’s most brilliant minds are here to talk about being true to yourself and how this simple philosophy sets you in good stead for the road ahead. Brought to you by Glenfiddich, the World’s Most Awarded Single Malt Scotch Whisky.
Abner Mariri (educationalist and substance abuse activist) Sipho Mnyakeni (Executive head - Empowa Men)
Tech expert and author of the books, Disrupting Africa: The Rise and Rise of African Innovation and Taking On Silicon Valley: How Africa’s Innovators will change its future.
Auditor General Kimi Makwetu delivered the consolidated general report on the local government audit outcomes in Pretoria today. He said only 18 municipalities managed to obtain clean audits for the previous financial year. He said there was material noncompliance with key legislation at 92% of municipalities, which was an increase on 85% in the previous financial year. While irregular expenditure remained high, it was down to R25.9bn in 2017/2018, in comparison to the R29.7bn in 2016/2017.
There’s a story of close to 300 members of Numsa at Lanxess’s Rustenburg chrome mine who remained underground, I think it’s the seventh day today. Numsa said its members did not come up after their shift ended on Wednesday afternoon, as they demanded action be taken against a mine captain who allegedly sexually assaulted and victimised one of Numsa’s female members. They have been underground ever since.The union said the alleged perpetrator had not been suspended and no disciplinary action had been taken against him.
When we talk sexual harassment in the mining industry, how rife is it? To speak to us Dr Asanda Benya Senior lecturer - Department of Sociology - UCT And Ruth Ntlokose Numsa 2nd Deputy President and Chairperson of Numsa Gender Structure
After hearing over 80 stakeholders’ viewpoints regarding what might be viewed as anti-competitive behaviour in the automotive industry, the Competition Commission has decided to take a draft motor code one step further by seeking to implement it in law. Currently, South African owners of new cars are locked into using a vehicle manufacturer's service centres, repair shops and parts in ‘embedded’ motor and service plans. If SA new car owners decide to use an independent service or repair provider of their own choice, vehicle manufacturers then typically punish them by voiding their warranties in what is a highly unfair practice. To get an understanding of this we are joined by Filum Ho CEO of Auto Boys and vice chairperson of Right to Repair SA (R2RSA), a Section 21 non-profit company founded by the Motor Industry Workshop Association. And we are also joined by Mike Mabasa Executive director and CEO - The National Association of Automotive Manufacturers of South Africa (Naamsa)
ELDRED DE KLERK (POLICING AND SECURITY ANALYST) & DAVE CAMPBELL (LEGAL ADVISOR AT MARSHALL SECURITY)
Hosted in the world’s first billboard whisky bar, The Challengers Club is a space for shared opinions and perspectives of success. A selection of South Africa’s most brilliant minds are here to talk about building a society of creators that are focused on 'making' and not just consuming. Brought to you by Glenfiddich, the world’s most awarded single malt Scotch whisky.
Siphelele Ngobese Researcher for inclusion and Wellbeing at South African Cities Network & Dennis Webster Researcher at Socio-Economic Rights Insititute
Hosted in the world’s first billboard whisky bar, The Challengers Club is a space for shared opinions and perspectives of success. A selection of South Africa’s most brilliant minds are here to talk about innovation and avoiding complacency in building our journeys of progress. Brought to you by Glenfiddich, the world’s most awarded single malt Scotch whisky.
Sinethemba Nombala Makanya PhD student in medical humanities and psychology and a spiritual healer. Wits Institute of Social and Economic Research
BUSINESS WRAP Chemicals and fertiliser maker OmniA says chair Rod Humphris has stepped down with immediate effect. Humphris was to retire from the board at the group’s AGM in September, but “in order to facilitate a smooth changeover”, he had decided to step down as chair “immediately”.Omnia’s shares slipped to a 10-year low this week after the group said it needed to issue fresh equity to cut debt.
Zingisa Nogcazi
Isaah Mhlanga Executive Chief Economist at Alexander Forbes & Duma Gqubule Economist and Founding Director at Centre for Economic Development and Transformation
Hosted in the world’s first billboard whisky bar, The Challengers Club is a space for shared opinions and perspectives of success. A selection of South Africa’s most brilliant minds are here to talk about the role that patience and commitment play in building our journeys of progress. Brought to you by Glenfiddich, the world’s most awarded single malt Scotch whisky.
Analysis: Lebohang Pheko Political economist - Trade Collective And Ongama Mtimka Political analyst - Nelson Mandela University
Tasneem Fredericks Deputy President - Black Management Forum Dr Mazwe Majola Leadership expert, organisational strategist and corporate governance expert
Hosted in the world’s first billboard whisky bar, The Challengers Club is a space for shared opinions and perspectives of success. A selection of South Africa’s most brilliant minds are here to talk about the role that passion and purpose play in building our journeys of progress. Brought to you by Glenfiddich, the world’s most awarded single malt Scotch whisky.
Nthabiseng Modjadji Lesego Mosikare President of United Nations Foundation Girl Up Club South Africa Bill & Melinda Gates Foundation Goalkeeper for sustainable goal number 5 equality Youth researcher at Oxfam SADC region Lorato Modongo (Botswana)
Tasneem Essop Assistant researcher - Wits University Dr. Trevor Ngwane Senior research at the Centre for Social Change at UJ Siya Biniza Economist and Director at Political Economy Southern Africa 076 115 5370
Robby Mokgalaka Coal campaign manager at groundWork and he was part of the research team for the report.
Rams Mabote was joined by South African musician and producer who exploded to stardom with the kwaito group TKZee, in 1997. He has since launched a solo career in gospel music the talented Zwai Bala
MEET THE BOSS : Zibusiso Mkhwanazi
SPEAKING TO Zibusiso Mkhwanazi, Group CEO of M&N Brands
Opportunity: Stock managemen/point of sale App Called "Isitoko"
SPEAKING TO Zama Myeni, managing director of Mdolomba technologies
Quickie: Tarryn Tomlinson Consultancy
SPEAKING TO Tarryn Tomlinson, CEO of Tarryn Tomlinson Consultancy
the big interview: OOB update and Are We Ready for 5G?
speaking to freddy maestro, creator of the Maestrobytes show
For Fame and Fortune Rams is joined by South African musician, record producer and record executive Zakhele Madida also known as Zakes Bantwini
Another opportunity is with Rudolph Rautenbach, CEO of specialised resource managenent to discuss applications for the Spesres Scholarship (New Venture Creation) NQF Level
SPEAKING TO LUCILLE MEYER, CHIEF EXECUTIVE OFFICER OF CHRYSALIS ACADEMY Chrysalis Academy is an initiative of the Western Cape Provincial Cabinet, established in the year 2000 at Porter Estate in the suburb of Tokai. Its foundation was a response by the Provincial Government to the high crime rate in the Western Cape, which is one of the highest among the provinces in South Africa, especially due to substance abuse and an active gang culture in Cape Town’s mainly disadvantaged communities. The result is a holistic and sustainable 5-year youth development program based on 3-month empowerment training that focuses on the individual’s physical, emotional, mental, energetic and spiritual development, which is still unique to our knowledge. The Chrysalis Programme is a preventative initiative, as opposed to rehabilitative. It is registered as a NPO (Non Profit Organization) and mainly funded by the Western Cape Provincial Department of Community Safety. Since the project started 15 years ago over 6,000 youth from the different communities, reflecting the demographics of the Western Cape Province were trained to be empowered for the challenges of life. As a result, the Academy has become one of the most successful youth development organisation in South Africa. Over the years other provinces have also shown a keen interest in the work of the Academy, so much so, that in 2012 the Chrysalis Academy trained 11 young men from Kwazulu Natal (KZN) to become youth instructors. The KZN province is now running two Academies based on the Chrysalis Academy’s ethos and regimented approach.
SPEAKING TO RENALDO DE JAGER, CO-FOUNDER OF AUCTION.CO.ZA About auction.co.za Auction.co.za is a safe virtual trading platform for buying and selling vehicles online in an auction format. DealersOnline, established in 2007, created this online marketplace and auction site with a focus on transparency. All vehicles for sale are inspected and given a rating. The online profile includes defects and vehicle history. Buyers therefore have the information they need and sellers, supported by big data, are provided with an accurate vehicle desktop valuation. Auction.co.za takes the hassle out of buying and selling vehicles, ensuring that sellers get maximum value and buyers know exactly what they’re getting.
THE COACHING CLASS: THE ART OF CUSTOMER SERVICE SPEAKING TO THAMI BANDA, MAESTRO OF CUSTOMER SERVICE For the Coaching Class we Thami Banda, Customer Service Coach Thami Banda is a qualified marketer, with Brand development and Brand positioning skills He has 15 years experience within the FMCG sector, His brand influence ability contributed a double digit growth for a multinational within Sub Sahara Africa. Thami is passionate about costumer service, and consumer experience. He currently conducts tailor made workshops and seminars that assist businesses to improve consumer interface! He believes, customer service, is service delivery!
MEET THE BOSS: THAMSANQA MAQUBELA SPEAKING TO THAMSANQA MAQUBELA, CEO OF SA GRADUATE COUNCIL Maqubela serves as a member of the Presidential Youth Working Group (PYWG), appointed by President Zuma to advise him on matters of youth employment solutions. He is the Co-Chair of the Economic Transformation Work Stream since September 2015 and is the Special Advisor to the South African Union of Students from April 2014. He is the Founding Chairman of the SA Council for Graduates Cooperative (2013) and a co-author of two books : South Africa at 20: For Better or For Worse and Let Us Pray – Prayer Solutions for A Professional Like You.
SPEAKING TO Andile Mkhosana, chairman of Lulaway
JOB CENTRES TO REVOLUTIONISE YOUTH EMPLOYMENT AS TECH-BASED EMPLOYMENT PLATFORMS EXPAND INTO MPUMALANGA
FAME AND FORTUNE: LOYISO BALA Musician and songwriter Loyiso Bala, has been appointed as a director of Trinity Broadcasting Network (TBN) in Africa. He will be responsible for the scheduling, creation of new programmes and marketing. On his appointment he said: "I'm honoured, feel young and have dreams once again. "I am humbled to be granted the opportunity to lead such an amazing team," Bala said. Loyiso Bala was born on 22nd September 1979 in Uitenhage, Eastern Cape in South Africa, He is a South African musician. In 2013, Loyiso was appointed UNAids National Goodwill Ambassador. He started his career as a member of the ‘Bala Brothers’- a group that was made up of brothers Zwai Bala, Loyiso Bala and Phelo Bala. The group gained prominence when Zwai Bala joined the Drakensberg Boys’ Choir School in 1988, becoming the first black member of the previously segregated group six years before the end of apartheid. Loyiso later joined the Drakensburg Boys’ Choir School. In 2006 the Bala Brothers released their first album B3 on Sony BMG Entertainment Africa.The brothers continued to work on solo projects individually but continued to tour as a group. In May 2013 they released another LP, Live at Emperors Palace, through their own label, Bala Brothers Production since the Sony BMG had dissolved.
SPEAKING TO FREDDY MAESTRO, CREATOR OF THE MAESTROBYTES SHOW Today in the big interview we speak to Freddy Maestro our resident Tech guru, about Gamification Last week Freddy Mentioned that in his podcast he will explain Gamification and its business use.
SPEAKING TO OUMA RAMARU, MEDIA LIAISON OFFICER AT CONSUMER GOODS & SERVICES OMBUD For Rams & Cents we tackle your consumer related issues with Ouma Ramaru, Media Liaison Officer at Consumer Goods & Services Ombud to take your calls on 089 110 3377 and also discuss telemarketing.
METROFMTalk For The Big Interview Rams Mabote spoke to our resident Tech guru Freddy Maestro ,about the Vodacom vs Makate saga.
SPEAKING TO Sonwabile Ndamase, executive president of the South African Fashion Designers Agency and founder of the Vukani! Fashion Awards
speaking to Dr Thando Sibanda, Global Speaker / Executive Master Coach
For the Coaching Class we Dr Thando Sibanda, Global Speaker / Executive Master Coach / Facilitator to discuss the Power of a Brand
SPEAKING TO Clayton Naidoo, sub-Saharan General Manager at Cisco south africa
The Innovation Hub Join Forces With Cisco To Prepare Smmes For The Digital Economy
quickie: T&E Centre of Academia
SPEAKING TO Thato Tsetsewa, Founder & Chairman of T&E Centre of Academia
speaking to Bulelani Balabala - an entrepreneur, public speaker, and founding executive of Township Entrepreneur Alliance (TEA)
Speaking to Peter Nkhuna, Senior Assistant Ombudsman at Ombudsman for Short-Term Insurance
speaking to Allon Raiz, founder and CEO of Raizcorp
How investors choose who to invest in By Allon Raiz
interview: SHORTAGE OF BURIAL SPACE IN COJ SPEAKING TO Jenny Moodley, spokesperson for Johannesburg City Parks and Zoo (JCPZ)
GOING UP: MANKWANE CHAKELA SPEAKING TO MANKWANE CHAKELA, MANAGING DIRECTOR OF LE LOOKS HOLDINGS
OPPORTUNITY: GLOBAL ENTREPRENEURSHIP WEEK SPEAKING TO SAM APATA, OF THE 67 CEOS FOUNDATION, CONVENERS OF THE GEW2018
THE COACHING CLASS: WINNING MINDSET FOR YOUR BUSINESS SPEAKING TO DR THANDO SIBANDA, GLOBAL SPEAKER / EXECUTIVE MASTER COACH
THE BIG INTERVIEW: AI AND YOUR BUSINESS SPEAKING TO FREDDY MAESTRO, CREATOR OF THE MAESTROBYTES SHOW
RAMS & CENTS: MOTORING ISSUES SPEAKING TO LUCIOUS BODIBE, HEAD OF PUBLIC AFFAIRS OF THE MOTOR INDUSTRY OMBUDSMAN OF SA
THE COACHING CLASS: CHOOSING THE RIGHT BUSINESS STRATEGY SPEAKING TO PHEPHILE SIMELANE-MODISELLE, DIRECTOR AT TRUE NORTH COACHING & CONSULTING
RAMS & CENTS: CONSUMER: BANKING ISSUES SPEAKING TO KWANDA VABAZA, SENIOR ADJUDICATOR AT OMBUDSMAN FOR BANKING SERVICES
OPPORTUNITY: BIZNIZ IN BOX SPEAKING TO TSHOLOFELO MQHAYI, HEAD OF ENTREPRISE AND COMMUNITY DEVELOPMENT AT COCA-COLA BEVERAGES SOUTH AFRICA
QUICKIE: CHANGE PARTNERS SPEAKING TO MUZI GAMA, EXECUTIVE COACH & PARTNER AT CHANGE PARTNERS
RAMS TAKES THE POSITION OF COACH AND DELIVERS A COACHING CLASS WITH SOME IMPORTANT BUSINESS POINTERS
GLOBAL SPEAKER / EXECUTIVE MASTER COACH / FACILITATOR TO DISCUSS CAPACITATING YOUR YOUR VISION
How do we construct an economy that works to include the marginalized, create space emerging businesses & Yields its youth Dividend?
For the Coaching Class @RamsByTheHorns had Dr Thando Sibanda, Global Speaker / Executive Master Coach / Facilitator to discuss how to press the reset button to make a positive change decision in your business.
MEET THE BOSS: MELLONY RAMALHO SPEAKING TO MELLONY RAMALHO, AFRICAN BANK'S GROUP EXECUTIVE: SALES, BRANCH NETWORK
QUICKIE: MNCWANGO CAPITAL (PTY) LTD SPEAKING TO MUSA MNCWANGO AND PENNY MOCHE, FOUNDERS AND OWNERS OF MNCWANGO CAPITAL (PTY) LTD
RAMS & CENTS: HOW TO ATTRACT NEW CUSTOMERS SPEAKING TO BULELANI BALABALA - AN ENTREPRENEUR, PUBLIC SPEAKER, AND FOUNDING EXECUTIVE OF TOWNSHIP ENTREPRENEUR ALLIANCE (TEA)
THE BIG INTERVIEW: EZRA NDWANDWE SPEAKING TO EZRA NDWANDWE, FOUNDER OF DUAL POINT HOLDINGS SPEAKING TO LEGARE JACKSON SEFOKA
RAMS & CENTS: CREDIT ISSUES SPEAKING TO SALEM NOLUBABALO DYAFTA, HEAD: PUBLIC RELATIONS AND CONSUMER EDUCATION CREDIT OMBUD
"In my career, I have never seen fame translate into rands and cents" - Pabi Moloi #FameAndFortune #TalkWithRams
RAMS & CENTS: CONSUMER: CONSUMER GOODS SPEAKING TO OUMA RAMARU, MEDIA LIAISON OFFICER AT CONSUMER GOODS & SERVICES OMBUD
Tonight, on the show we have the Talk 5 news bulletin.
chance to express yourself on the Open Line. Tell me what’s on your mind. What issues and headlines have captured your imagination? Give a call on 089 110 3377. Whatever is on your mind. It’s the Open Line on Metro FM Talk with Rams Mabote. Call now.
After that we have The Big Interview we speak to TBC about the Life Esidimeni judgment
For Rams &Cents we chat to Ms Bhengu, Chairperson of the Portfolio Committee on Small Business about the Committee’s disappointment with the performance of the Department of Small Business Development.
On the Consumer Feature, we speak to Zimasa Mlwandle about her issue with Telkom and Paseka Maleka, spokesman of the Independent Communications Authority of South Africa(ICASA)
And we wrap up the show with Meshack Mavuso on Fame and Fortune.
Dr Vuyo Mahlati / AFASA President Dr. Vuyo Mahlati is the Principal Consultant and Co-owner of African Financial Group (AFG) responsible for Pan African and Emerging Markets Innovative Financial Solutions. AFG has a joint venture with Bridge Capital. Dr. Vuyo is the current President of the International Women’s Forum South Africa. In May 2010 she was appointed by the President to serve as one of the inaugural members of South Africa’s National Planning Commission for five years. She formed part of the team that released South Africa’s National Development Plan, adopted as the national strategic framework by Cabinet and Parliament in 2012. In March 2009 she was a South African Delegate and Technical Advisor for the Presidency to the United Nations Commission on the Status of Women where she presented on the Financial Crisis theme. This enhanced South Africa’s contribution to bringing urgency and intensifying the global call for inclusive economic growth and development. Vuyo holds a PhD from the University of Stellenbosch. Her thesis focused on the role of value chains in mainstreaming rural entrepreneurs into global markets, and was the only one selected by the Faculty of Economic and Management Sciences to be presented at the University’s inaugural New Voices in Science Colloquium. She obtained her M Sc from the UK London School of Economics. Her directorships include being the non-executive director of Lion of Africa Insurance Company, a subsidiary of the Johannesburg Stock Exchange Listed Brimstone Investment Company. She has served two terms as the Chairperson of the South African Post Office Board of Directors, which includes the Post Bank. She previously served for two terms as member of the Financial Markets Advisory Board as well as member of the Financial Services Board Licensing Committee. Previous private initiatives include being a director of fund manager Umbono Capital (now One Stone).Vuyo is the independent member of the Industrial Development Coope
Tonight, on the show we have the Talk 5 news bulletin.
We start the show as always on a Monday with the open line. Tell me what’s on your mind. What issues have captured your interest? Give a call on 089 110 3377. Whatever is on your mind. It’s the Open Line on Metro FM Talk with Rams Mabote. Call now.
After that we have The Big Interview we speak to Panyaza Lesufi‚ MEC of Education in Gauteng about his visit to the Three Rivers school in the Vaal where a teacher had a book thrown at her by a pupil.
For Rams&Cents we chat to speaking to Brenda Martin, CEO of South African Wind Energy Association (Sawea) to tell us more about the investments worth about R56bn set flow into the energy sector over the next two to three years, after the finalisation of power-purchase agreements for 27 renewable energy independent power producer (IPP) projects.
On the Consumer Feature, we speak to Lucious Bodibe, Head of Public Affairs of the Motor Industry Ombudsman of SA to assist with a car issue.
And we wrap up the show with comedian/ director/ writer/ actor & entrepreneur Kagiso Lediga on Fame and Fortune.
Lebogang Letsoalo is a Director of Sincpoint, an organisation focusing on sustainable supply chain consulting and advisory solutions. Lebogang has up to 18 years of experience in different facets of the supply chain fraternity.
Her extensive range of experience varies within different sectors of the business where she held different portfolios within the energy, chemicals and mining industry.
She is a former Vice President of Supply Chain in Sasol and has held Executive roles in Projects development, Capital Procurement and held other roles as Projects Procurement Coordinator, Materials Mangement Specialist and Procurement Technician within Eskom,DeBeers, Fluor and IBM. Lebo has in 2008 been profiled and cited in the Financial Mail as one of the top 10 most inspiring women within State Owned Entities.
She is the Chairperson of the Southern Africa Shippers Transport & Logistics Council (SASTALC) which focuses on supporting and advocating the requirements of shippers,service providers and government on all matters pertaining to national and regional freight; transport and logistics legislation; policy and procedures for infrastructure; services that facilitate cost-effective, reliable, safe and globally competitive supply chains. She is the Director at Black Industrialist Group (BIG) and also the Founder and Chairperson of African Women in Supply Chain Association (AWISCA), the first and only association in Southern Africa focusing on functional mentorship and coaching (all modes of transport) to build skills and capacity in the sector. Amongst other roles held by Lebo, includes life coaching and mentorship in the supply chain. Lebo serves on various boards, amongst which includes, Booyco Engineering and Kwazulu Natal Maritime Cluster. Member of the Advisory Committee of Universities to ensure alignment between Industry requirements and Supply Chain curricula offered by universities She is also Founder and MD of AWISCA (African Women in Supply Chain Associati
Tonight, on the show we have the Talk 5 news bulletin.
Then we have the big news on the show. By popular demand the open line is back on the show. Tell me what’s on your mind. What issues have captured your interest? Give a call on 089 110 3377. Whatever is on your mind. It’s the Open Line on Metro FM Talk with Rams Mabote. Back again. Call now.
After that we have The Big Interview we speak to BMF President Mncane Mthunzi about their reaction to the SONA by President Matamela Cyril Ramaphosa
For Rams &Cents we chat to speaking to Maudi Lentsoane, CEO of Lehumo Investments about the 2018 National Budget speech:
On the Consumer Feature, we speak to Salem Nolubabalo Dyafta, Public Relations Manager at the Credit Ombud to take you credit related issues.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Outa’s Chief Operating Officer Ben Theron about Bank of Baroda exiting South Africa.
For Rams &Cents we chat to On the Consumer Feature, we speak to Peter Nkhuna, Senior Assistant Ombudsman at Ombudsman for Short-Term Insurance about car insurance issue.
And we wrap up the show with Sipho "Hot Stix" Mabuse on Fame and Fortune.
The SABC has confirmed it has appointed former journalist Chris Maroleng as its chief operating officer (COO) with effect from February 1.&Mr Maroleng has demonstrated considerable management and financial acumen and he is familiar with the cutting-edge Fourth Industrial Revolution issues the SABC needs to embrace going forward. He understands SA’s legislative and regulatory environment and his knowledge of broadcasting on the continent is invaluable as the SABC develops its coverage of, and in, Africa," the SABC said on Tuesday.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to AFASA President, Dr Vuyo Mahlati to discuss Land Bank’s R900-million loan from the German Development Bank to support emerging and commercial SA farmers
For Rams &Cents we chat to Reverend Malcolm Damon, the executive Director of Economic Justice Network (EJN), organisers of the Alternative Mining Indaba discuss the what is happening at the Alternative Mining Indaba in Cape Town.
On the Consumer Feature, we speak to Nosipho Zikishe, Supervisor: Complaints Department at the NCR to take your calls about borrowing and issues with credit agreements.
And we wrap up the show with South African hitmaker, DJ Cleo on Fame and Fortune.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Christo Conradie, manager of VinPro&cellar division about how the SA wine industry faces toughest season in history.
For Rams &Cents we chat to Nafupa-SA Secretary General Nkosentsha Shezi, about why the National Practitioners Association of SA (Nafupa SA) wants Indian and white funeral operators to stay away from townships.
On the Consumer Feature, we speak to Ouma Ramaru, Media Liaison Officer at Consumer Goods&Services Ombud to discuss a gym membership issue and then take your calls.
And we wrap up the show with South African actor and musician, Motlatsi Mafatshe on Fame and Fortune.
Steven was born in Ermelo, Mpumalanga. Due to pressures at home, Steven herded cattle until the age of 11, at which point he started his school career. Even after starting school, times were hard, and Steven made ends meet by polishing shoes in town during weekends and school holidays, as well as dabbling in organising beauty pageants and selling sweets at school to raise money for his upkeep. These adversities would turn into the building blocks of one of his professional passions – skills development. In 2006 Steven was awarded the prestigious Nelson Mandela Scholarship to study for a Masters of Business Administration (MBA) in the UK. Through this scholarship, Steven got to meet the global icon Nelson Mandela on two occasions – a life-changing experience that bolstered his spirit to succeed. In September 2017 Steven was appointed as CEO of the National Student Financial Aid Scheme (NSFAS), having developed over 12 years worth of experience in management across the banking, consultancy and education sectors, including most recently as Chief Operating Officer for Barclays Africa Group. In this new role as CEO of NSFAS, Steven has overall responsibility for the organisation's commitment to providing financial aid to students from poor backgrounds, in addition to managing Stakeholder Relations and Operational Development. Steven devotes his spare time to Youth Development – having established The Youth Leadership and Entrepreneurship Development NGO which has empowered up to 5 000 young people since 2004.
Tonight, on the show we have the Talk 5 news bulletin.
We will be speaking to Mothibi Penn-Kekana, a 19yr-old SA-born and UK-based game changer who in 14 days raised R100 000 to feed the poor in Tembisa. He is coming into studio.
On the Consumer Feature, we speak to Lucious Bodibe, Head of Public Affairs of the Motor Industry Ombudsman of SA to take your consumer related issues.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Seifsa chief economist, Dr Michael Ade about the fear of job losses over Eskom’s proposed tariff hike
On the Consumer Feature, we speak to legal adviser at the Estate Agency Affairs Board (EEAB),Deli Nkambule and Retshedisitswe Letuka to try get help on how to deal with a bogus estate agent.
And we wrap up the show with South African actor and director, Sello Maake Ka-Ncube is a on Fame and Fortune.
Nationality: South African
Place of birth: Soweto in Johannesburg
Date of birth: 24 September 1970
2017- Completed the Property Development Programme (PDP) UCT Graduate School of Business
2012- Completed the African leadership studies with University of South Africa (UNISA)
2011 - Completed Board leadership programme with GIBS
1994- She pursued & graduated in the Post graduate Diploma in Business Administration (PDM Bus Ad) with Wits Business School.
1993- graduated for my honours in Bachelor’s of Arts (Social Economics) with University of NATAL (Westville campus).
1992- completed degree in Bachelor’s of Arts with University of NATAL (Westville campus) CURRENT
She is currently the CEO of The Property Sector Charter Council.Leads and drives the transformation of the property Sector, has an extensive knowledge and an specialist in Transformation as driven by the South African legislation framework of Broad Based Economic Empowerment Act (BBBEE).
She has led and facilitated the engagement on transformation targets with the ALL property stakeholders represented and aligned property sector requirements to BBBEE Codes of Good Practice
Portia has extensive knowledge and experience in dealing and lobbying government.
A process which has enabled Property Sector to gazette Sector Code under section 9(1) of BBBEE Act. And recently obtained the Amended Property Sector Code aligned to the revised Codes of Good Practice. She produced a report: State of Transformation for the Property Sector..
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Chris Yelland, managing director at EE Publishers about the Eskom report that showed that the state utility’s liquidity is fast drying up.
For Rams &Cents we chat to economist, Maudi Lentsoane, Founder and Managing Director of Lehumo investments about the resignation of the Head of the National Treasury&Budget office,Michael Sachs and the Rand breaching R14.50/$.
On the Consumer Feature, we speak to Ettienne Pel, National Chairman – United Towing Association SA to discuss consumers who have been charged exorbitant fees by towers and how this impacts consumers.
Tonight, on the show we have the Talk 5 news bulletin.
For the Big Business Interview we chat to Gauteng Economic Development MEC Lebogang Maile to discuss the Gauteng Liquor Board licensing regulations.
For Rams & Cents we speak to Wesley Douglas, CEO of Buy Black SA & The Forum of Black Associations to discuss transformation in the Motor Body Repairer Industry (i.e. Panel Beating and Spraypainting Industry).
On the Consumer Feature, I speak to Albrecht Gründel. Vice President / Director (Aftersales, Supply Chain & Marketing) Renault South Africa and Ndo Ngubane about her Renault consumer issue.
And we wrap up the show with South African gospel star, Dr. Tumi on Fame and Fortune.
Mr. Mashimbye is a qualified financial accountant who studied at the Technikon Northern Gauteng (now Tshwane University of Technology) and the Technikon South Africa (now UNISA). He majored in Financial Accounting and Corporate Law and also studied towards his MBA with the Management College of SA (still to be completed). He is currently completing his studies towards his Corporate Governance qualification through the Chartered Secretaries Institute of South Africa.
He has over 17 years’ experience in accounting and financial management in both the public and private sectors with Telkom,Edcon and the Department of Trade & Industry, with more than 10 years of these at senior management level. Mashimbye has served on the board of The Business Place and is currently a Director on the Board of the South African Savings Institute, where he previously also held the position of Audit and Risk Committee Chairperson.
He has previously fulfilled the role of CFO (for a 10 year period), Acting COO and Acting CEO of Proudly South African and was appointed permanent CEO in December 2016.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Iviwe Poti, SABC TV news Reporter based in Port Elizabeth Area, South Africa about Sassa opting for a tender process after Post Office deal downscaled
For Rams &Cents we chat to Phakamile Hlubi, Acting NUMSA Spokesperson to discuss Job losses on the rise since GMSA exit.
On the Consumer Feature, we speak to Ouma Ramaru, Media Liaison Officer at Consumer Goods&Services Ombud to discuss the consequences of early cancellations, the we take your calls and consumer related issues.
And we wrap up the show with South African comedian, Sifiso Nene on Fame and Fortune.
Ms Lerato D. Mataboge is currently the Acting CEO of Trade Africa, an initiative of the dti aimed at increasing the levels of intra-Africa trade and intra-Africa investments. She previously held the position of Chief Director for Africa at the dti. In June 2011, she completed her term as South Africa’s Chief Economic Representative to the United States of America (USA), based in Washington D.C. Ms Mataboge holds a BA (Law and International Relations) degree as well as an Honours degree in International Relations from the University of the Witwatersrand in Johannesburg. She obtained a Masters degree in International Political Economy (International Trade and Global Finance) from the University of Warwick in the United Kingdom.
Ms Mataboge also holds certificates in trade negotiations, bilateral investment treaty negotiations as well as project management; awarded by the European Institute of Public Administration in the Netherlands and WTO/UNCTAD, respectively. She completed Executive Training in Infrastructure Project Preparation from the Harvard Kennedy School in 2013. Ms Mataboge is an Archbishop Desmond Tutu – Oxford University Fellow for African Leadership and a Chevening Scholar. She was featured in the “Destiny Magazine Power 40 under 40” feature in November 2015, in recognition of her leadership on African economic issues.
The Big Business Interview we speak to Deputy General Secretary of Solidarity, Deon Reyneke about the Mango Strike.
For Rams &Cents we chat to Ndumiso Madlala, Brewmaster at Soweto Gold about Heineken buying out Soweto Gold.
On the Consumer Feature, we speak to Salem Nolubabalo Dyafta, Public Relations Manager at the Credit Ombud about blacklisting and other credit queries you may have.
ASI’s founder and CEO, Anthony Govender, is one of South Africa’s financial advisory visionaries and innovators.
He steers the rudder of South Africa’s largest 100% independent, 100% black owned, 100% African, financial advisory company.
In a highly competitive, globalised world, the need to perform better and offer more is paramount. This is the energy and pace that fuels Mr Govender. And this is the passion with which ASI approaches each client. ASI is proud to be the fastest growing independent financial advisory consultancy on the continent – advising in over 20 African countries with over R10 billion in annual premium income, liabilities and assets under management. Applying global standards and best practice, ASI partners with several international companies to provide clients with the best value and maximum ROI.
ASI provides innovative employee benefits solutions and financial services to corporate companies, multi-nationals, organised labour and state-owned companies. Our primary emphasis is on Employer Return on Investment and Employee value. ASI creates unique, individualised, result-driven answers, which are aligned to the clients’ overall business strategy.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Lerato Mataboge, Acting Chief Executive Officer of Trade Invest Africa to discuss how companies can access the $57 billion from the World Bank.
For Rams&Cents we chat to TBC
On the Consumer Feature, we speak to Lucious Bodibe, Head of Case Management Unit at Motor Industry Ombudsman of South Africa returns to give us feedback on the some of the calls we received.
And we wrap up the show with THE Soil’s member, Ntsika Ngxanga on Fame and Fortune.
Xoliswa Daku is a Business Woman who specialises in property development with a background as a Lawyer. She’s the CEO and founder of the Daku Group boasts a portfolio worth over R600 million, which includes 43ha of land in King Williamstowns, a seven-storey building in Mayfair, Johannesburg and student accommodation comprising more than 2 000 rooms.
She is also the 2017 recipient of the Standard Bank Top Women in Property Awards.
Daku Group is also starting a mentorship programme in partnership with Mancosa and they are looking for other woman in business.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Sunday Times Senior journalist Sabelo Skiti to analyse the recent develops and KPMG and SARS
For Rams&Cents we chat to SAICA Chief Executive Officer, Terrence Nombembe about the recent management changes at KPMG.
On the Consumer Feature, we speak to Ouma Ramaru, Media Liaison Officer at Consumer Goods Services Ombud to discuss a salon equipment matter.
And we wrap up the show with South African hip hop artist, L-Tido on Fame and Fortune.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Cas Coovadia, MD of the Banking Association SA about transformation in the banking sector.
For Rams &Cents we chat to Wandile Sihlobo, an Agricultural Economist and Head of Agribusiness research at the Agricultural Business Chamber (Agbiz) about how agriculture helped South Africa out of the recession.
On the Consumer Feature, we speak to Lucious Bodibe, Head of Public Affairs of the Motor Industry Ombudsman of SA to tackle an issue about a car and a mechanic.
And we wrap up the show with South African actress, Mampho Brescia on Fame and Fortune.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Lesiba Mothata, Chief Economist at Investment Solutions to tell us about the 9th BRICS Summit.
For Rams & Cents we chat to Johan Janssens, Co-Founder of Joomla about all things about startups
On the Consumer Feature, we speak to Salem Nolubabalo Dyafta, Manager: Public Relations and Consumer Education at Credit Ombud to discuss a debt review issue
And we wrap up the show with South African hip hop artist, Tumi Molekane aka Stogie T on Fame and Fortune.
Bongumusa Makhathini joined British American Tobacco (BAT) in January 2017 as Area Head of Legal & External Affairs for the Southern African area.
Bongumusa brings to BAT considerable experience across a variety of industries, including management consulting, information technology, FMCG and alcoholic beverages.
Bongumusa began his career as a Sales Assistant in the sugarcane fields of Empangeni in KwaZulu-Natal, South Africa.
Bongumusa joined Accenture in Johannesburg as an analyst in 2002, where he excelled in various roles spanning a number of industries for the next eight years.
He left Accenture in 2010 to join The South African Breweries (SAB) as Head of Programme Management & Strategy, and later became SAB’s Head of Public Policy & Strategy Integration where he dealt with a wide range of challenging regulatory issues.
Bongumusa was named Executive Director of Corporate Affairs & Transformation at SAB in 2016.
Bongumusa has an impressive academic record achieved both locally and internationally.
He graduated from the University of Zululand with an Honours degree in Business Management & Geography in 2000, and later completed his Master’s in Business, Management, Marketing & Related Support at the University of Johannesburg.
During his time at SAB, Bongumusa participated in the SABMiller Corporate Affairs & Executive Education Programme at the University of Cambridge’s Judge Business School, which focused on government relations, public policy and regulatory affairs.
Bongumusa also completed the General Management Programme in Executive Education at Harvard Business School in Boston, USA, in 2015.
Bongumusa’s passion lies in community development in South Africa, and he is particularly focused on enhancing relationships and leveraging empowerment programmes to benefit both communities and students. He currently mentors more than 30 young people across the globe, and is President of the Convocation at the Universit
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Sipho Ngwema, Head of Communications at The Competition Commission of South Africa about The Competition Commission’s market inquiry into data services.
For Rams & Cents we chat to John Sanei, Business Strategist, Global Speaker & Trend Specialist about striving in tough economic climates.
And we wrap up the show with South African actress, Sonia Mbele on Fame and Fortune.
Ms Magubane has more than 25 years experience in the energy sector. Her main expertise is in programme and project management, renewable energy, liquid fuels, power stations, substations, power lines, cable networks, building services and housing projects. Ms Magubane has vast experience in policy development in the energy sector. She has been identified as one of the top 50 most influential people in the Southern African energy sector by the ESI Africa magazine. Ms Nelisiwe Magubane holds a B.Sc. in Electrical Engineering and a Masters in Business Administration. She started her career in Eskom, the South African electricity utility which is the 7th largest electricity utility in the world. After a stint in the private sector as a consulting electrical engineer, she joined the Department of Minerals and Energy as the Chief Director responsible for the restructuring of the electricity sector, planning and implementation of the electrification programme. She was later appointed as a Deputy Director General responsible for the development of the policies that govern the electricity, nuclear and clean energy in South Africa. Her extensive engagement in the Southern African region power sector includes Cahora Bassa power system negotiations with Government of Mozambique and Government of Portugal, the Grand Inga Treaty with the Governments of the Democratic Republic of Congo, Republic of Angola, Republic of Namibia and Republic of Botswana to name a few. She was appointed as Director General of Energy in December 2009. She was responsible, amongst other things, of the development of the Integrated Resource Plan, improved access to electricity for over a million households in four years.
Tonight, on the show we have the Talk 5 news bulletin.
That will be followed by Rams and Cents
On the Consumer Feature, we speak to Jimmy Baloyi, the Executive Manager for Enforcement and Compliance at the EAAB about Nwabisa Jan’s issue with an estate agent.
And we wrap up the show with South African comedian, Khanyisa Bhunu on Fame and Fortune.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Stats SA Statistician-General Pali Lehohla to discuss why Unemployment remains steady at a 14-year high.
That will be followed by Rams and Cents with Mr Thando Vilakazi, CCRED, Senior Researcher to discuss why South African companies are hoarding R1.4trn.
On the Consumer Feature, we speak to Lucious Bodibe, Head of Public Affairs of the Motor Industry Ombudsman of SA to take your consumer related issues.
And we wrap up the show with South African Musician, Karabo Mogane on Fame and Fortune.
Tonight, on the show we have the Talk 5 news bulletin. The Big Business Interview we speak to Gary Conway, Executive Manager: Structured Investments and Transformation at Land Bank to discuss the Land Bank - PnP MoU to support black farmers. That will be followed by Rams and Cents with Joseph Leshabane, Deputy Director General for Programme and Project Management Unit to discuss the Government Housing Scheme. On the Consumer Feature, we speak to MiWay CEO Rene Otto about the fake consumer email. And we wrap up the show with South African Actress, Zenande Mfenyana on Fame and Fortune.
Marubini is an Investment Banker with extensive corporate commercial experience, having been involved in providing advice to a number of public and private companies, parastatals and government departments. Marubini served his articles at Werksmans, was an Associate Director at Sonnenburg Hoffmann Galombik, and a Director at AloeCap Corporate Advisors where he was an advisor on corporate finance and due diligence. At Nedbank Capital, he served as a Senior Principal in the Investment Banking Division. Marubini holds a BProc and LLB Law Degree from the University of Natal (Durban), as well as an LLM (tax) Degree from the University of the Witwatersrand. He was admitted as in attorney in 2002. With his extensive contacts and deal-making and energy investment experience in the energy sector in South Africa and the rest of Africa, Marubini is set to successfully drive Hulisani into the new age of energy development. He brings with him a wide knowledge of the investment and energy sector, achieved from over 15 years of corporate commercial experience. Marubini left his role as Senior Principal in the Investment Banking Division at Nedbank, to pursue his keen interest in the development of industries involved in the energy sector. He started Medupi Capital, focusing on Principal Investments and Advisory in the Energy Sector, which then partnered with Mazi Capital to create Hulisani in 2015. In its relatively short existence, Hulisani has showcased Marubini’s clear thinking and sense of direction as well as his track record in the investment sector.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Arthur Goldstuck, founder of World Wide Worx about how the high cost of data is holding the economy back
That will be followed by Rams and Cents with Ndivhuwo Mabaya, Chief Director Communications at the Department of Human Settlements
On the Consumer Feature, we speak to Ouma Ramaru, Media Liaison Officer at Consumer Goods & Services Ombud to take your consumer related issues.
And we wrap up the show with comedian, Siv Ngesi on Fame and Fortune
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Mamokgethi Molopyane, a mining and labour analyst. founder of Creative Voodoo Consulting about the halting of the New Mining Charter to increase black participation in sector.
That will be followed by Rams and Cents with Nikita Sigaba, Chief Risk Officer from the Estate Agency Affairs Board (EAAB)
On the Consumer Feature, we speak to Magauta Mphahlele, Acting Ombudsman of The Consumer Goods and Services Ombud (CGSO) about the Vacation Ownership industry. And we wrap up the show with actress, Thandy Matlaila on Fame and Fortune
Gau arrived in Johannesburg in December 2014 as the Managing Director for Net#work BBDO. Gau is responsible for the agency strategy, its digital transformation and, also, its people. And as its African Hub, Gau also leads BBDO’s Africa strategy from Net#work BBDO, has helped BBDO Africa land several new business wins, has focused on talent development and runs BBDO’s regional accounts.
A BBDO lifer, Gau has 13 years’ experience at AMVBBDO, one of the best agencies in the BBDO network. In his time, there has worked on some of their flagship brands. Gau was also selected by the Agency’s Management to start up Lunar BBDO a creative-media startup. During his tenure, the business tripled, the agency won effectiveness awards & Gunn points for BBDO.
Having led the Guinness Africa pitch which resulted in the commercially successful, creatively and effectively awarded Made of Black campaign, he found that BBDO’s growth ambitions for Africa aligned perfectly with his own.
With three children under seven, spare time is a distant memory, but when he can he devours biographies. Gau is a keen cricketer, and has represented his county, captained his university and is a qualified coach. However, a lack of talent has meant that his cricketing ambitions will be channelled through his children.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to John Manyike, head of financial education at old mutual about why many South Africans work two jobs That will be followed by Rams and Cents with Chief Ombud, Adv. Seeng Letele about The Community Scheme Ombuds Service (CSOS)
On the Consumer Feature, we speak to Lucious Bodibe, Head of Public Affairs of the Motor industry Ombudsman of SA to assist with Sinetemba Makalala’s dealership deal issue. and we wrap up the show with actress, Kagiso Modupe on Fame and Fortune
Tshepo Phakathi, a serial entrepreneur who grew up in Emdeni, Soweto, and had started his first little business, a recycling operation, at age six. By 16 he was studying banking at what is now the University of Johannesburg and later completed his BCom in economics through Unisa.
While studying, the business-minded teenager founded Phakathi Capital Empowerment, a corporate finance advisory company. Struggling through the initial years with no financing, Phakathi says his only regret is not seeking out the right mentor to guide him through the tough times.
But making his own enterprise succeed prepared Phakathi well for the challenge he took on in 2006. Bringing a number of his family’s interests together, a new parent company, Phakathi Holdings, was established as an incubator for various smaller businesses.
As CEO of the family conglomerate, Phakathi has overseen the impressive expansion of their portfolio, now with a presence in industries ranging from transport to education, finance and IT.
The Phakathi empire’s boldest move to date was the 2008 deal that added removals giant Elliott to the stable. This major player with some 700 employees sits in the Phakathi showroom alongside smaller investments including black economic empowerment verification firm Empoweryst and ICT outsourcing experts Uber Digital. Phakathi has also become a business columnist, waiting for City Press and Financial Mail.
He even wrote his own book ahead of the Fifa 2010 World Cup, advising South Africans on how to benefit from the revenue windfall the football extravaganza was expected to draw.
Now in a position to give back, Phakathi has set up Kaello, a business mentorship hub offering advice and mentorship in everything from writing business plans to tendering for government business.
Mr. Tshepo Phakathi is the Group CEO of Phakathi Holdings [a company with 8 subsidiaries and 2038 employees (Jan 2013). He is a quintessential workaholic obsessed with solving the problem of unemployment. He holds qualifications in Economics and Banking. He is a serial entrepreneur, economic Historian and a strategist.
Through his initiative KAELLO, he promotes entrepreneurship as a solution for unemployment and mentors thousands of young aspirant entrepreneurs. He made it to the Mail and Guardian’s 200 Young South Africans List for 2012 and the Destiny Magazine’s Power of 40 in 2011.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Leslie Yuill, Deloitte's actuarial, reward and analytics leader to discuss how CEOs are earning R69,000-a- day.
That will be followed by Rams and Cents with Mr William Jiyane, the Acting Deputy Director- General for Stakeholder Relations and Intergovernmental Relations discuss the Property Practitioners Bill, 2016.
On the Consumer Feature, we speak to Howard Dembovsky, The founder and Chairperson of Justice Project South Africa (JPSA) about Lebatla Mahlo traffic fine issue. And we wrap up the show with actress, Miranda Mokhele Ntshangase on Fame and Fortune
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to TBC about the The Manufacturing Indaba
That will be followed by Rams and Cents with the Themba Mthethwa, Human Settlements Ombudsman to find out more about the newly established Ombuds Office,
On the Consumer Feature, we speak to Siphumelele Mkhize about his issue with Avis and then we have Salem Nolubabalo Dyafta, Manager: Public Relations and Consumer Education at Credit Ombud to continue our discuss about what to do when you have an ITC listing.
Johanna Mukoki is an accountant and B.Comm graduate from Rhodes University. She is the co-founder of Travel with Flair, a company she started 18 years ago with her two partners. She started with only 3 employees and one office in Pretoria. Currently her company employs 800 staff country wide and they have offices in Johannesburg, Pretoria, Durban and Cape Town.
She is the first person from the African continent to sit on the Global Tourism Board (ACTE) - Association of Corporate Travel Executives where she represented the Middle East and Africa. ACTE has members in over 86 countries and the membership includes senior executives involved in the purchase and supply of travel with 200 billion Euros business travel spent from Fortune 500 companies.
Johanna has been blessed with many business accolades which include “Most Influential Woman in Business and Government in Tourism” and the Ernst & Young Emerging World Entrepreneur of the Year. Recently she has been awarded with a certificate for Africa’s Most Influential Women in Business — July 2014. She has also been awarded with an Exceptional Commitment Award from the ASATA Diners Club Awards. She is also a board member of the Salvation Army and assists them with fundraising for their children shelters.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Mamokgethi Molopyane, a mining and labour analyst. founder of Creative Voodoo Consulting about the New Mining Charter to increase black participation in sector.
That will be followed by Rams and Cents with the CEO of Social Housing Regulatory Authority( Shra) Mr Rory Gallocher, the topic is Social Housing and Affordable Rental Housing On the Consumer Feature, we speak to King Sibiya, heads up the Lungelo Lethu Human Rights Foundation to discuss evictions and auctions.
And we wrap up the show with Mbali Nkosi on Fame and Fortune
CEO of Arenkwe Governance Services-Governance, Compliance, Regulatory Specialist and CoSec providing services globally.
Natasha Camhee is the CEO of Arenkwe Governance Services and has over 12 years Corporate Governance and Corporate Secretariat experience within Public, Private, Public Benefit Organisations and Non-Profit entities.
Ms Camhee holds a Fellowship membership with the Chartered Institute of Secretaries, and has been placed on the Register of Members in Professional Practice: PPG01170, a Certified Ethics Officer with the Ethics Institute of South Africa, Associate Membership of the Chartered Institute of Business Management, Higher Diploma in Corporate Law through the University of Johannesburg, Completed a Strategic Leadership Programme through the Gordon Institute of Business Science and is a Member of the Company Secretaries Interest Group and the Institute of Directors. Ms Camhee has worked for companies such as the Industrial Development Corporation, National Health Laboratory Services, Airports Company South Africa, Reunert Limited and Sishen Iron Ore Company Community Development Trust.
Arenkwe Governance Services (“AGS”) is an established and reputable organisation which was established during 2010. The organisation specialises in a variety of corporate governance services, risk and compliance business solutions. The client base comprises of private and public companies, municipalities, provincial departments and non-profit organisations.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Treasury (TBC) about the S&P credit rating That will be followed by Rams and Cents with Mr Samson Moraba, CEO of the Human Settlements Development Bank
On the Consumer Feature, we speak to Lucious Bodibe, Head of Public Affairs of the Motor Industry Ombudsman of SA about some of the listener cases he has handled for us. We will also talk to Johan Rousseau, FIRA Chairman about Funeral policy payments. How realistic are they? And we wrap up the show with Nyan'Nyan host Luyanda Potwana on Fame and Fortune
SPEAKING TO DR FUNDILE NYATI, A QUALIFIED MEDICAL DOCTOR, SEASONED HEALTHCARE ENTREPRENEUR AND FOUNDER OF PROACTIVE HEALTH SOLUTIONS (PTY) LTD
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Kuben Naidoo, Deputy Governor and the Registrar of Banks to discuss a creation of a black-owned and, or, a state-owned bank.
That will be followed by Rams and Cents with The Minister of Human Settlements Lindiwe Sisulu about the Human Settlements Budget Vote 2017
On the Consumer Feature, we speak to Sipho Ngwema, Head of Communications at The Competition Commission of South Africa to unpack DSTV media sales admiting to price fixing and agreeing to an accumulative remedy of R180m.
We will also speak to Lucious Bodibe, Head of Public Affairs of the Motor Industry Ombudsman of SA to discuss General Motors leaving South Africa. And we wrap up the show with David Kau on Fame and Fortune
Tirhani has had an illustrative career as an administrator, educator and entrepreneur. Tirhani started his career as a clerk in the civil service in 1981, branched into teaching in 1988 and became Registrar of the Giyani College of Education between July 1990 and December 1993. Tirhani started his business career on a part-time basis when he ventured into the taxi business in 1988.
Tirhani launched his formal business career within the retail sector in 1993, after selling his fleet of three (3) minibus taxis and buying a Nando’s franchise. He ended up owning two Nandos shops. During 1996 and the early part of 1997, Tirhani did part-time consulting for Statomet; a research division of the University of Pretoria. This development launched Tirhani’s consulting career. He moved to Johannesburg and joined Africa Now Consulting as Managing Director in 1997. Shortly thereafter, Tirhani co-founder Plus 94 Research in 1998 and served as Executive Director until 2000.
Tirhani founded Tirhani Group Holdings in 2000, a holdings and investment company with interests in diverse industries; including construction, disposal services, funeral insurance & services, investments, logistics, resources, training/skills development and recycling/waste solutions where he’s currently serving as the Executive Chairman since 2000.
Tirhani holds a Diploma in Public Admin from the University of the North (1984), BA from the University of the North (1987), Higher Education Diploma from Unisa (1989), Honours in Business Administration from the University of Stellenbosch (1993), Certificate in auctioneering from South African Auctioneering College (2003), Accredited Auctioneer Real Estate from the National Auctioneers Association, US (2008), Benefit Auction Specialist from the National Auctioneers Association, US (2008), Certificate in auctioneering from Reppert School of Auctioneering, US (2009), Chartered Institute Auctioneer (CAI) from the University of Indiana, US (2010) and holds a Chartered Practitioner Real Estate (CPRE) designation.
Tirhani is currently enrolled for a PhD (MOTI): Management of Technology and Innovation with Da Vinci Institute Business School of Leadership. Tirhani is a business leader who holds numerous past and present positions including Chairperson of the Giyani Town Taxi Operators (1989 – 1993), Chairperson of the Giyani Business Forum (1994 – 1996), and Director of the Limpopo Development Corporation (1995 – 1999), Chairperson of RealNet Holdings (2009 - 2010). He also served as a Chairperson of the South African Institute of Auctioneers from 2009 – 2014 and he currently serves as the Chairperson of South African Professional Auctioneers Association.
Tonight, on the show we have the Talk 5 news bulletin.
The Big Business Interview we speak to Lucious Bodibe, Head of Public Affairs of the Motor Industry Ombudsman of SA to discuss General Motors leaving South Africa.
That will be followed by Rams and Cents with Jonathan Kohler, CEO of Landsdowne Investment Properties to discuss the deteriorating rental payments impacting landlords.
On the Consumer Feature, we speak to Johan Rousseau, FIRA (Funeral Industry Regulatory Authority) Chairman to discuss issues within the Funeral industry and take consumer related questions about the funeral industry.
And we wrap up the show with Chris Jaftha on Fame and Fortune
A self-taught entrepreneur, who has never been afraid to take a risk. Mr Biyela is a serial entrepreneur who has interest in property development, business consulting and recently life & business coaching. He has participated in the following TV shows, Fix my biz on eTV, The Big Break Legacy Season 2 on SABC 2, My business rules on CNBC Africa, Dragon’s Den SA on Mzansi Magic. A closet writer and social commentator, who has written a few contributing articles to Sunday, Daily newspapers and magazines, including Sunday World and Destiny Magazine