BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Patrick Duff: the advisor who helped Mary Oppenheimer and Daughters secure Phumelela's future
In this excerpt from the Rational Radio webinar, BizNews founder Alec Hogg chats to Patrick Duff about the future of Phumelela and horse racing in South Africa. Ahead of the creditors of Phumelela voting this week between two offers: one by Mary Oppenheimer and Daughters (MOD) and the other by…
Inside world economy engine room: US debt will soon exceed its economic output - Wall Street Journal
US debt has reached its highest level compared to the size of the economy since World War II and is projected to exceed it next year, the result of a giant fiscal response to the coronavirus pandemic, says BizNews partner Wall Street Journal. The Congressional Budget Office said Wednesday that…
Discovery's Dr Geraldine Timothy on masks, dud Covid-19 tests, the vaccine that could save us and more.
Dr Geraldine Timothy is a public health medicines specialist at Discovery. In this interview with BizNews, she picks up on who should wear a mask, and that includes children, plus: how to use face masks so they actually work. Also in this interview, she picks up on dud Covid-19 tests…
David Shapiro on Barrick, Buffett's new pick - and Alec Hogg's. Plus other market-moving stocks
Market commentator David Shapiro joins BizNews founder Alec Hogg for a discussion on what’s moving the markets in South Africa. In this excerpt from the Rational Radio webinar, the two stock market experts discuss Hulamin’s decline in market cap, the Nasdaq’s outperformance of the S&P 500 and gold. Also covered…
Inside Covid-19: SA's new Covid-19 tracing app; vaccine trials; small business test challenges - Ep 79
In this episode, BizNews founder Alec Hogg interviews Guarang Tanna, the national health department expert behind the launch of mobile app Covid Alert SA, which is aimed at tracing people who have come into contact with individuals who have tested positive for Covid-19. BizNews partners at the Wall Street Journal…
UIF commissioner suspended after fraud probe; power cuts to worsen; Massmart; Tesla
In today’s news headlines: - UIF commissioner suspended following probe; - American CEO of Massmart buys over R8m in shares; - Tesla’s traditional bond price reaches just over 104 cents; and - Eskom warns that power cuts will worsen. Learn more about your ad choices. Visit megaphone.fm/adchoices
Inside Covid-19: SA's fight against deadly diseases; most in ICU are overweight; Africa picture. Ep 78
In today's episode of Inside Covid-19, BizNews founder Alec Hogg has a fascinating conversation with a leading South African medical specialist on infectious diseases, Professor Lucille Blumberg of the National Institute of Communicable Diseases, on how South Africa is fighting the coronavirus pandemic and other deadly diseases. We also hear…
Old Mutual suffers major loss; Tesla to sell $5bn of shares; Ecsponent; Eskom
In today’s news headlines: - Old Mutual reports R5.6bn loss; - Tesla plans to sell as much as $5bn of shares; - State owned companies request monetary bailouts; and - Ecsponent board to launch forensic investigation. Learn more about your ad choices. Visit megaphone.fm/adchoices
Sun International to cut 2,300 jobs; Mashaba launches Action SA; RCL Foods; ICA
In today’s news headlines: - Sun International plans to retrench 2,300 employees in SA; - Herman Mashaba launches new political party, Action South Africa; - RCL Foods suffers a R959m loss; and - ICA battles large insurers in court Learn more about your ad choices. Visit megaphone.fm/adchoices
KZN welcomes scaly neighbours as pangolins reintroduced to area
The African Pangolin Working Group has seen to the return of poached pangolins to the wild. BizNews talks to Prof Raymond Jansen about the protected species. Learn more about your ad choices. Visit megaphone.fm/adchoices
Phumelela ex-CEO warns against Oppenheimer offer; CR cabinet showdown; Gold Fields
In today’s news headlines: - Phumelela ex-CEO Rian Du Plessis warns creditors against MOD offer; - Ramaphosa considers cabinet reshuffle; and - Gold Fields attracts a broader group of investors thanks to Buffett’s move to gold. Learn more about your ad choices. Visit megaphone.fm/adchoices
Phumelela's ex-CEO bids for international operations, urges creditors to reject Oppenheimers
Rian du Plessis, a successful merchant banker and corporate executive before his successful ten year rein as CEO at now struggling Phumelela is furious about the destruction of shareholder value at the compang he left generating annual profit of R155m. In this stinging interview, this ultimate insider, who is also…
In the world spotlight: Makhanda, formerly Grahamstown, the Eastern Cape town uniting to sing away the blues
Makhanda or Grahamstown is a city in the Eastern Cape that is in transition. First came the name change and pressure is mounting to go further and also change the name of its well-known University named after Cecil John Rhodes. Other challenges that the town face, are huge social inequalities…
How South Africans can make money trading stocks in volatile, uncertain global markets: CM Trading CEO Daniel Kibel
Daniel Kibel, Chief Executive Officer of CM Trading - a global trading and investment broker - shares his views on the risks and rewards of trading in global markets. He sets out how South Africans can get started in global financial markets and provides some pointers for more experienced traders,…
Generous bid for Phumelela; Distell profit fall; AYO's hefty fine; Massmart
In today’s news headlines: - Distell sees headline profit fall by 64%; - JSE fines AYO Technologies R6.5m for misleading financial results; - Massmart suffers headline loss of more than R1bn; and - UK bookmaker Betfred offers up to R925m for Phumelela Gaming and Leisure Learn more about your ad…
Business interruption claims fiasco: tourism, hospitality operators get set for court battle. LISTEN
Insurance Claims Africa (ICA) gets set to fight the insurance industry in court next week for refusing to pay up for Covid-19 business interruption claims. ICA CEO Ryan Woolley and Professor Alex van den Heever tell BizNews why this could be the watershed case that shapes the industry. Learn more…
Nedbank profits fall by 70%; zero-alcohol limit by December; Bidcorp; ICA
In today’s news headlines: - Nedbank has reported a 70% profit hit; - Bidcorp, reported a 48% decline in full-year earnings; - Insurance Claims Africa gets set to fight insurers in court next week; and - SA will have a zero-alcohol driving limit by December Learn more about your ad…
Covid-19 fall-out: South Africans are struggling, with many tipping into poverty and deeper into despair - Dr Sooliman
Gift of the Givers founder Dr Imtiaz Sooliman shares the details of the hardship experienced by South Africans in the Covid-19 crisis. He tells BizNews reporter Linda van Tilburg how even medical specialists are struggling financially, with most of the healthcare sector put on hold so that the country can…
Covid-19 angels: While Covidpreneurs profit, one charity organisation donates lifesaving equipment - Trevor Pols
A number of prominent civil society organisations have called on high-ranking government officials linked to personal protective equipment procurement irregularities to step aside while they are being investigated. In a joint statement, organisations which include the Ahmed Kathrada Foundation, Corruption Watch, Section 27 and the Organisation Undoing Tax Abuse (OUTA)…
Lewis Group earnings drop; Vodacom poaches Nedbank CFO; Imperial Logistics; Italtile; Dis-Chem
In today's news headlines: - Lewis Group reported a 30.8% drop in annual earnings; - Nedbank's CFO, Raisibe Morathi, has resigned to join Vodacom; - Imperial Logistics reported a 65% fall in full-year earnings; - Italtile saw double-digit growth in June and July; and - Dis-Chem saw revenue growth of…