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Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Guardrisk, Old Mutual throw in towel on business interruption; IMF funding is SA game-changer - lawyer; Standard Bank
In today's news headlines: * Guardrisk and Old Mutual have opted to settle with small business clients who have claimed for business interruption from Covid-19 lockdown restrictions. * IMF funding could be a game-changer for SA, says lawyer Peter Leon. * Standard Bank has warned of a profit plunge. Banks…
BizNews founder Alec Hogg asks Hollard boss the tough questions about business interruption insurance
Insurance companies have refused to pay up for business interruption insurance, insisting that they are not liable for Covid-related shutdowns. But, a court has ruled against them. Instead of giving their clients what is owed, insurers have offered relief payments to some - with the caveat that they are not…
Herman Mashaba: Come 2025 – we will remove the ANC
Entrepreneur and former Mayor of Johannesburg Herman Mashaba is an independent politician. After resigning from the Democratic Alliance and his mayoral position, Mashaba launched The People’s Dialogue in December with the objective to “engage” South Africans in a conversation about the future of our country. Mashaba has even gone as…
B4SA's Martin Kingston: New Covid-19 model 'conservative, responsible'
Business for South Africa representative Martin Kingston discusses Covid-19 models and fixing South Africa with BizNews founder Alec Hogg. "There are as many models as there are epidemiologists and statisticians as far as I'm concerned. But I feel the one that we have now seen and been shown today is…
SAA ready to fly; SA economy to shrink by 7% this year - IMF; Vodacom Kenya growth: business interruption battle
In today's news headlines: * SAA’s rescue plan is ready for implementation say the state-owned airline’s administrators. But funding still needs to be found, that’s according to Reuters which says the plan needs R10bn in new funds to work. * South Africa’s economy is likely to contract by 7.2% this…
Inside Covid-19: B4SA expects case, death surge till end August; fresh vaccine hope; new Tips for Trevor campaign. Ep 65
In episode 65 of Inside Covid-19, some upside from the pandemic as we hear from Martin Kingston that business and government are forging a working relationship that’s closer than ever before, but B4SA expects a surge in cases, mortalities until late August; The Foundry restaurant's owner launches his own Tips…
Band-aid for a bullet wound? Santam CEO: Here's R1bn, but we're still not liable for lockdown claims
Santam, South Africa’s largest short-term insurer, has been making headlines in recent months - for all the wrong reasons. Even after a precedent setting and significant court victory between a small Cape Town restaurant and Guardrisk, Santam has not budged on its stance that the lockdown is not covered under…
Mental health and Covid-19: How you're affected even if you're not infected
We all know about the physical impact of Covid-19. But what effect does the deadly virus have on our mental health? In this interview, BizNews founder Alec Hogg chats to Dr Seranne Motilal, a clinical wellness specialist at Vitality, about the negative impacts that living through a pandemic can have…
CR starts Covid-19 graft crackdown in own office; more Eskom power cuts; Steinhoff; Rand
In today's news headlines: * President Cyril Ramaphosa has promised to take a hands-on approach to Covid-19 corruption - and it appears that he is starting in his own office. * World Bank researchers estimate that an Africa-wide trade deal will lift 30 million Africans out of extreme poverty and…
Inside Covid-19: Beating mental health challenges; Boris loses a stone; Santam CEO explains R1bn BIC "relief". Ep 64
In episode 64 of Inside Covid-19, mental health is in focus as the pandemic sends societal stress levels surging - we have some tips on how to know you need help and how to get it; Santam’s CEO unpacks the company’s R1bn relief package for lockdown affected clients; we’ll get…
David Shapiro, Thys du Toit: Steinhoff offer to settle legal claims - what it means for shareholders
Steinhoff has set aside R16.5bn to settle about 90 claims against it. In the Rational Radio webinar, BizNews founder Alec Hogg picks up with stock market expert David Shapiro and asset management heavyweight Thys du Toit, founder of Coronation, on whether the deal looks like a good one for shareholders…
Kenton Fine: a bunch of 'SA boikies' getting stuck into 200m euro global services business
Kenton Fine is the London-based executive chairman and founder of Servest, a R10bn turnover, 45,000 employee multinational group. Fine sold Servest for a whopping £540m in 2018 and announced last week that a group of South Africans are getting together to buy Getronics - a Dutch IT services company -…
The Robinhood phenomenon - how day traders became 20% of US share volumes
South Africans first heard of the US's new day trading force after seeing embattled Sasol shares surge from R20 to R180 in a matter of weeks. Less spectacular price-wise but far bigger in volumes was a tripling in the Tesla share price - the favourite of stay-at-home traders who now…
Magnus Heystek: The Sygnia fund I've invested in for ALL my grandchildren
Magnus Heystek, a personal finance expert and former journalist who runs his own investment firm, Brenthurst Wealth Management, has put his own family's money into the Sygnia Oxford Sciences Innovation Fund. This invests in the shares of Oxford Sciences Innovation Plc, a company that has partnered with the University of…
Covid-19 deaths at 7,000, but SA turns corner; gold bulls come out to play; insurance 'relief' for hospitality; MTN
In today's news headlines: * As the number of Covid-19 deaths heads towards 7,000, graphs produced by the Johns Hopkins Coronavirus Resource Centre suggest South Africa is turning a corner. * Gold still has room to run, says Mark Mobius, one of the world's most respected investors in emerging markets…
SA policy on wild life trade is enabling Chinese tastes for bush meat
The Covid-19 virus, linked to a wildlife market in Wuhan, that has spread like a wildfire through the world, has thrust China’s live wild animal trade into the spotlight. Images of sick suffering pangolins and videos of live animals such as bats boiling in soup have outraged the world. It…
Covid-19 cash crunch: Don't touch your retirement savings! Guy Chennells, Discovery
BizNews founder Alec Hogg chats to Guy Chennells - the Product Head at Discovery Employee Benefits - about the risks of accessing your retirement funds to help you through this Covid-19 crisis.
Grab your bike! Cycle the Tour de France at home - Wall Street Journal
You don't need to buy a Peloton to cycle the Tour de France at home. If you already have a bike, you can use that. Bad news: if you've never tinkered with your bike before, choosing the right accessories and installing the equipment can be intimidating. Here's how to set…
CR closes schools, gets tough on corruption; interest rate cut; business owners beg CR to drop alcohol ban
In today's news headlines: * The President has announced changes to the school year and is sending many pupils back to school as South Africa soars up the global ranking of countries with the highest Covid-19 infection rates. * The restaurant sector is in ICU following a nationwide protest, which…
CR takes hands-on approach to Covid-19 corruption: ‘Consequences will be severe’
Fighting corruption was a key theme in President Cyril Ramaphosa’s address to the nation on Thursday. He has committed to taking a hands-on approach to taking action against theft and graft related to Covid-19 funds. and price-gouging. But he has sent many pupils home and announced that the school year…