'If Madiba were alive today, he would vote DA' - Rob Hersov

Loading player...
Very few people ascend to that point in life where their independence affords them unqualified freedom to speak their minds without fear of retribution or ramification. Billionaire Rob Hersov, by all accounts, is one such individual. After three decades abroad - during which he worked under the direct tutelage of media mogul Rupert Murdoch and luxury goods baron Johann Rupert - Hersov made the decision to move back to South Africa. While Hersov admits that this decision was ‘insane’, he maintains that those who leave South Africa, cut the link and then proceed to badmouth the country do so because ‘that's the only way they can justify leaving this incredible country, they miss it.’ Rob Hersov was one of the speakers at the second BizNews Investment Conference which was held in the Drakensberg earlier this month. In his presentation to the delegates, he outlined the reasons for his return to South Africa, painted a picture of the political landscape to which he returned, and explained why he believes that South Africa is ‘absolutely uninvestable’. With the degree of candor only available to very few, Hersov stated; ‘Black empowerment is theft. Expropriation without compensation is theft. Why would anyone invest in this country with those things hanging over our heads? I mean, it's uninvestable.’ Learn more about your ad choices. Visit megaphone.fm/adchoices
20 Sep 2021 1PM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min