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In this episode of the BizNews Power Hour, editor Alec Hogg speaks to Brenthurst Wealth Management founder Magnus Heystek about his warning that "the easy money" has been made. Heystek shares what he has personally been doing recently - converting Rand into hard currency to invest in beaten down US stocks. In this explainer piece, Michael Appel dissects state capture at Denel. Linda van Tilburg in London spoke to the acting chief engineer on the MDA Sat constellation project, Nyameko Royi. South Africa took an important step forward this year in space science when the Cape Peninsula University of Technology launched three nanosatellites.
On this episode of the BizNews Power Hour, Editor Alec Hogg has an in-depth interview with the President of ActionSA Herman Mashaba following news the former DA Federal Chair Athol Trollip has joined their ranks; Brenthurst Wealth Management's Magus Heystek discusses the terrible slump the property market has found itself in for over a decade; Michael Appel has a summary of the week's interesting stories; our partner the FT has your latest international business report.
In this episode of the BizNews Power Hour, Michael Appel sits down with Adv. Erin Richards to discuss what informed her latest op-ed piece detailing tainted consultancy firm Bain's mingling in potential arms procurement matters; BizNews loyalist Andrew Goodhead chats to Alec Hogg about his remarkable decision to arrive at the upcoming BizNews Conference via a 1500km cycling journey from Cape Town; our partner's the FT have a fascinating discussion about exploring the possibility of a 4-day workweek.
In this episode of the BizNews Power Hour, editor Alec Hogg has a cracker of an interview with Lord Peter Hain who's lobbying to have controversial consultancy firm Bain & Co stopped from doing business with the UK and other governments; Michael Appel talks all things state capture and Transnet with political analyst Sanusha Naidu; our partner the FT has your international business news covered.
In this episode of the BizNews Power Hour, the Financial Times has the latest on the Joe Rogan/Spotify saga, with the music streaming platform's stock plunging in after-hours trading; Ranmore Fund Management founder Sean Peche shares his insight on US mega tech stocks Meta and PayPal sliding more than 20%; In-depth interview with one of SA's most successful CEOs David Hurwitz from Transaction Capital.
In this episode of the BizNews Power Hour our partners at the FT bring you up to date on a 20 for 1 stock split by Google's parent company Alphabet; Michael Appel unpacks some of Zondo's second report hot off the press; Linda van Tilburg talks to a BizNews-inspired Mossel Bay resident about his ambitions to fix SA's education system; Shri Pillay from the Eurasia Group ponders the certainty of a December victory for Ramaphosa at the ANC's elective conference.
In this edition of the BizNews Power Hour one of South Africa's best-performing fund managers John Biccard shares his view on the macroeconomic environment and stock selection within the NinetyOne value fund; SA's prestigious Kirstenbosch Gardens has been forced to pull out of the RHS Chelsea Flower Show; Paul Hoffman says any new anti-corruption agency must be designated a Chapter 9 institution.
In this episode of the BizNews Power Hour, our partners at the FT speak to the head of the world's largest sovereign wealth fund about the longevity of the inflationary cycle; BizNews London correspondent Linda van Tilburg speaks to Springs local Warren Pala about a US company's R1bn bid to have biltong take on jerky; South African Informal Traders' Association is calling on government to halt "vigilante political parties" from stoking xenophobic tensions; Corruption Watch explains that very little has changed in South Africa's anti-corruption efforts since 2012.
This episode of the BizNews Power Hour brings you an extended interview with full-time adventurer Peter van Kets. The East London local gives insight into what makes him tick and the key to achieving a well-lived life. Our partners, the FT, provide the latest on the US Federal Reserve Chairperson Jerome Powell's tough-talking stance on inflation. Magnus Heystek mulls over the recent downturn in the market and elaborates on potentially pivoting from investing in the US, to Europe, Japan, and even emerging markets.
In this episode of the BizNews Power Hour, our partners at the FT in London explain what's going on at Google regarding its decision to overhaul its online tracking tools. Anthony Sedgwick speaks to us about Indian food delivery giant Swiggy's valuation that's doubled in the last six months. Businessman Jonathan Oppenheimer talks about investing in the future of Africa, and opens up about his late wife Jennifer. National Treasury Director General Dondo Mogajane gives greater detail about the terms and conditions of the latest R11.4bn World Bank loan.
In this episode of the BizNews Power Hour, our partners at the FT in London and UK-based Sean Peche of Ranmore Funds unpack last night's wild stock market ride where the US's Dow Index plunged then enjoyed a record one session rebound. Constitutional law specialist and avid Zondo Commission watcher Adv Erin Richards explains why multinational Bain should take Peter Hain's advice and "when you're in a hole, stop digging"; plus the founder of the Hospitality Leadership activist group Randolf Jorberg explains how restaurant owners should be responding to the EFF's on-premises investigations into the legality of foreign staff.
This episode of the BizNews Power Hour features an in-depth interview with forensic consultant Paul O'Sullivan about Part One of the Zondo Commission report and his forthcoming "tell all" book. Also in the programme, TreasuryONE's Andre Cilliers unpacks reasons for the Rand's powerful start to 2022; and our partners at the FT explain why Unilever is getting such a roasting from investors.
In this episode of the BizNews Power Hour, whistle-blower Athol Williams, who fled South Africa after going public about Bain & Co's strategic destruction of SARS in collaboration with former President Zuma and former SARS Commissioner Tom Moyane, on what has to happen now; fund manager Piet Viljoen shares his thesis on energy stocks from which he's been profiting handsomely; more problems looming for Russia as nations pledge to impose sanctions on the Kremlin if it invades Ukraine.
In this episode of the BizNews Power Hour, PMB's organised business CEO Melanie Veness explains why her chamber, in partnership with its NMB counterpart, has drawn a very distinct line in the sand on electricity prices. The chambers are tackling the National Energy Regulator in court in an attempt to force it to rein in profilate municipalities. BizNews investigations editor Martin Welz explains one of the most bizarre challenges to ever hit SA's legal system - and one that's headed for the highest court in the land. Plus independent analyst Marius Strydom takes us behind the scenes to explain why so many companies are cancelling the listing of their shares on the Johannesburgh Stock Exchange.
This episode of the BizNews Power Hour features an in-depth interview with ANC insider turned outsider Themba Maseko, one of the key whistleblowers at the Zondo Commission. Maseko was frozen out because he refused to agree to President Zuma's directive to turn over government's R600m advertising spend to the Guptas. His struggles continue, with Maseko needing to use his firearm to drive off two intruders over the weekend. Also in this episode, Tongaat whistleblower David Woollam shares what went down at the company's EGM today after which shareholders who have already lost 95% of their investment will be required to pony up six times their current stake or be further diluted.
In tonight's episode of the BizNews Power Hour, we follow up on last week's explosive disclosures of the ANC's Deployment Committee's involvement in the appointment of SA's judges. The DA's Dr Leon Schreiber explains why he has been "like a dog with a bone" on the issue; and in the first of weekly discussions on the practical effects of SA's Constitution, advocate Erin Richards warns that politicising the Judiciary is a dangerous exercise with potentially debilitating unintended consequences. Also in this episode, SA's top performing fund manager Piet Viljoen shares ideas on the stocks to own in 2022 and the FT unpacks the State Capture role of global services firm Bain & Co.
This episode of the BizNews Power Hour features a powerful interview with the DA's federal chair Helen Zille who looks back on the aftermath of November's Local Elections; discusses the dynamite expose of ANC cadre deployment into the judiciary; looks ahead to a probable change in SA's national government in 2024 - and shares how her party has managed to attract so much young talent. Also in this programme, our partners at the Financial Times of London explain why both allies and enemies are now calling for UK PM Boris Johnson's head and explains why activists are targeting global public relations firms. Plus Accountability Now's founder Adv Paul Hoffmann considers consequences for the corrupt after recommendations made in the Zondo Commission's first volume.
In this episode of the BizNews Power Hour, "Doctor of Uncertainty" Dr Richard Smith offers his insights into volatile US tech stocks; we meet the surprise of November's Local elections, 30 year old uMngeni mayor Chris Pappas; Tongaat whistleblower Dave Woollam explains why he's horrified at recent developments at the company - including the shadowy attempt by a Zimbabwean tobacco family to acquire the business on the cheap; and we find out about one of Michael Appel's favourite Zondo witnesses - the brazen huckster who ran the SA operations of multinational Swissport.
In this episode of the BizNews Power Hour, scenario planner Clem Sunter unpacks the big risks of 2022 including flagging the possibility of World War Three; Free thinking Steven Nathan explains why he is optimistic about 2022; Corion's David Bacher talks tech stocks and share performances; and the IRR's John Endres offers insights into the first volume of the Zondo Commission's report.
In this episode of the BizNews Power Hour, latest addition to our team, well known broadcaster Michael Appel, looks into the story of a Zimbabwean "prophet" who splurged R1.4m on a boozy celebration at a Pretoria nightclub on Saturday night (no, it wasn't ANC-related); OUTA's Wayne Duvenage shares the back story to SA's driver's licence debacle where an ancient machine broke, creating a licence backlog for half a million; David Shapiro and his Twitter followers pick Purple Capital as the stock to back in 2022; and TreasuryONE's Andre Cilliers unpacks what's behind the bouncing Rand.
Once one of the richest men in South Africa, Christo Wiese lost a large chunk of his fortune following the corporate fraud at Steinhoff. The company was a hugely popular stock with investors, with thousands (including Wiese) losing out. Wiese joined the BizNews Power Hour for a special 30 minute segment, with the SA business mogul spewing nuggets of knowledge and wisdom throughout. When asked how he feels about everything that has happened he said 'I had to look myself in the mirror. I saw 50 years of my work go up in smoke and I had to ask myself how I'm going to cope with it. I decided that I don't mourn the loss of money'.
His outspoken views on the South African government and what needs to change made him a fan favourite with the BizNews community. Rob Hersov – who has worked with Rupert Murdoch and Johann Rupert – joined the BizNews Power Hour to discuss his exciting African Gold SPAC. According to Bloomberg, the SPAC is targeting gold assets on the African continent and ‘raised a more-than-expected $360m ahead of a listing in New York on Friday. The 60-year old businessman joked that his mining magnate father – Basil Hersov – laughed when he was told about his son's latest business endeavour. ‘He really burst out laughing when I told him what I was doing. He said, ‘you've tried everything in your career to avoid getting into the mining industry and here you are, aged 60. He thought it was so funny.' In a BizNews exclusive, Hersov also revealed that he has purchased an airport in the Western Cape. Fisantekraal Airport – located just 13 km away from Durbanville – was built in 1943 by the British, says Hersov, and has four runways. ‘We want to build the Lanseria Airport of Cape Town. We're renaming it Cape Winelands Airport.' Hersov is no stranger to the aviation industry, founding Marquis Jet Europe – which he later sold to Warren Buffett. ‘Buffett called me in 2004 and said, ‘I'm buying your business', said Hersov to Alec Hogg in an interview last year.
Magnus Heystek sits down with BizNews founder Alec Hogg on the final BizNews Power Hour for 2021. The hard-hitting Heystek compares the largest SA-focused equity fund within the Old Mutual stable to a US Franklin Templeton opportunities fund over the last 10 years, with more than a four-fold differential in investment performance. The Old Mutual Investors Fund managed to convert R100,000 in 10 years into less than a quarter of a million rand while the same amount invested in the Franklin Templeton US opportunity fund would equate to around R1m. South African pensioners have been at the peril of local asset managers that have grossly underperformed global equity markets, primarily as a result of the restrictions in offshore allocations allowed by Regulation 28.
In the final episode of the BizNews Power Hour for 2021, Magnus Heystek uses the price of a Hyundai car over the past decade to explain how SA-focused retirement savings have massively under-performed - courtesy of misguided Regulation 28 legislation; Craig Young shares the vision and development of Ingwe, an off-the-grid estate near Plettenberg Bay; Afrimat's CEO Andries van Heerden explains the rationale behind the highly rate group's latest acquisition; and media maven Jeremy Maggs chats to Vukile Zondi.
A good news episode of the BizNews Power Hour with Discovery's vast database confirming the Omicron variant of Covid-19 is less threatening to humans, especially those who've been vaccinated; SA is being removed from the UK's Red List providing a late Xmas boost for its tourism sector; Steven Nathan unpacks why 2022 is likely to be a better year for SA and global businesses; and we've got a clip from today's BizNews Share portfolio webinar explaining our rationale for investing offshore - and in exponentially growing US companies whose share prices have been hit hard in recent weeks.
In this episode of the BizNews Power Hour ex-Transnet Rail CEO Tau Morwe pinpoints the primary reason why his former charge is in such a desperate state; Chris Logan takes a deep dive into fallen angel Tongaat on the day when its financial woes (and share price) plumbed new depths; the final instalment in our series on PowerPulse, the innovative platform which brings Standard Bank-vetted solar power suppliers together with those wanting to offset the risk of Eskom; Alec Hogg unpacks the week's news highlights with NovaFM's Gary Stroebel - and from the FT in London; massive Chinese property developer Evergrande defaults and a revenue bonanza for the Big Four accounting firms.
In this episode of the BizNews Power Hour, Sean Peche takes a pick for the BizNews share shootout; 10X founder Steven Nathan weighs in on how markets may react to MTN's mandatory vaccine stance; Tyme Bank CEO Tauriq Keraan details Tencent's investment into the bank; also a good samaritan Melanie Nel starts a foundation to raise funds for an elderly ice-cream man.
In this episode of the BizNews Power Hour, South Africa's favourite market commentator David Shapiro gives his stock picks for 2022; currency expert Andre Cilliers from TreasuryOne gives us all the insight and happenings with the local and international foreign exchange markets; Jeremy Maggs chats to Chris Vick, Chairperson of Covid Comms, an organisation created with the aim to deconstruct Covid-19 scientific language with the aim of distributing comprehensible information in South Africa's 11 official languages. Jeremy is also joined by Heather Casey Head of Brand at Investec where the two discuss Investec's new campaign, 'Anything is possible', and how the new campaign stands out against the conventional themes associated with financial services planning.
In this episode of the BizNews Power Hour, ace money manager Piet Viljoen offers a couple of undervalued stocks worth adding to your bundle of stock twigs for 2022; David Williams revisits PRASA after the chaos deepened today with the firing of the recently appointed CEO Kgosie Matthews on extremely flimsy grounds; David Bacher looks back at the performance of investment markets in the month of November; and Gary Stroebel of BizNews's Namibian partner NOVO Fm talks to Alec Hogg about the stories making headlines in the past week.
Powerful arguments both for and against mandatory vaccinations featured in this episode of the BizNews Power Hour. In one corner is Discovery CEO Adrian Gore who argues that with SA now into the Fourth Wave of the pandemic, saving lives should be the national priority and as vaccines do this, jabs are a priority. On the other side are Sakeliga's Piet le Roux and Russell Lamberti who argue that forcing vaccines is disproportionate and unsuitable - and would put SA onto a slippery slope towards centralised control and authoritarianism. Also in this episode of BPH, Magnus Heystek references the BizNews Share portfolio's outperformance to prove his long stressed point promoting offshore investment - and Peter Major is so worried about commodity shares that he cannot find one to recommend for 2022.
In this episode of the BizNews Power Hour, Discovery CEO Adrian Gore lays out the case for making Covid-19 vaccines mandatory, arguing that forcing South Africans to be jabbed will save up to 40 000 lives during the Omicron-driven Fourth Wave; Stanlib chief economist Kevin Lings unpacks SA's shocking unemployment data where a further 660 000 jobs disappeared in Q3 (and youth unemployment hit 77%); Kokkie Kooyman shares his banking stock pick for 2022; and Anthony Sedgwick explains why ABAX (and other money managers) sold a chunk of RBH shares to Impala Platinum.
In this episode of the BizNews Power Hour the author, thought leader and political analyst Jakkie Cilliers of the ISS updates the prescient forecasts in his 2017 book Fate of the Nation - and looks ahead to the 2024 National Elections; the SA Medical Association's former legal advisor Elsabé Klinck shares the law on proposed mandatory vaccines; David Shapiro on the impact of Omicron; and researcher/author David Williams shares conclusions from his work on PRASA - and what might be behind the shock ejection of its recently appointed CEO.
In this episode of the BizNews Power Hour we meet the polished new head of South African horseracing Fundi Sithebe, the new broom sweeping away the antagonism of bankrupt Phumelela's past; Piet Viljoen takes a look at the latest financial results and reflects on some "twigs" in his investment bundle; and Media specialist Jeremy Maggs discovers why Accenture bought into Advertising, and interviews the CEO of Grey, SA's Advertising agency of the year.
In this episode of the BizNews Power Hour, independent financial advisor Magnus Heystek lets rip on the destructive Regulation 28 agreement between SA asset managers and Treasury, which forces South Africans to invest 70% of their retirement funds into local institutions. The law has cost SA retirees dearly as the local economy staggered under mismanagement, corruption and a socialist yoke - with global investments vastly outperforming their local alternatives. Also in this programme, PMB Chamber of Business CEO Melanie Veness sets the record straight for the revisionists trying to gloss over what happened in the epicentre of July's riots - and urges politicians to speak up and punish the perpetrators. Plus Jeremy Maggs talks to Y&R's Matthew van der Valk about the art of Dark Marketing.
In this episode of the BizNews Power Hour, Helen Zille provides some sobering thoughts on the practical challenges that will be faced by many new DA mayors in councils like Joburg and Ekhuruleni where the party does not have a majority of the votes; on governing by DA's new Mayors; Advocate Paul Hoffman looks into the surprise suspension of Prasa CEO; PPC CEO- Roland Van Wijnen on it's financial results. Maudene van Rooyen, Errol Dorman and Mike Cubic, members of Dorman Projects joined Alec Hogg to unpack the PowerPulse alternative energy solutions on PowerPulse Ep7.
In this episode of the BizNews Power Hour, TreasuryONE's Andre Cilliers assesses the impact on the Rand of last week's interest rate hike; SA's favourite stockbroker David Shapiro unpacks today's financial results from Naspers and Prosus; Wits University's world famous anthropologist Prof Lee Berger talks about another groundbreaking discovery at the Cradle of Humankind in Gauteng; ; - the man touted globally as having discovered this entirely new species of hominid in the Cradle of Humankind; and Jeremy Maggs chats to Arné Rust - Brand Director of Carling Black Label on the controversial 'GBV-proof' wedding dress.
An in-depth interview with Herman Mashaba features in this episode of the BizNews Power Hour, as the ActionSA founder explains his approach to a crucial meeting of potential coalition partners to rule the Gauteng metros, and looks ahead to SA's 2024 General Election. Also, Denker Capital's Kokkie Kooyman explains the consequences of the SA Reserve Bank's decision to increase the repo rate by 25 basis points to 3.75%.
In this episode of the BizNews Power Hour, Discovery Health CEO Ryan Noach unpacks one of the world's biggest data sets which provides practical results on the efficacy of Covid vaccines and how much protection they offer. Also, Opportune Investments founder Chris Logan unpacks why Tongaat needs its shareholders to inject R4bn to keep the company afloat.
In this episode of the BizNews Power Hour, Alec Hogg sat down with Purple Group's CEO Charles Savage to unpack the success that has been Easy Equities and other business units under the umbrella; and the prestigious Booker Prize for fiction winner - Damon Galgut on his book “The Promise,” a novel about one white family's reckoning with South Africa's racist history.
In this episode of the BizNews Power Hour, Alec Hogg brings some on-the-ground insights on the back of the medium-term budget speech; Piet Viljoen's market insights; Purple Group's CEO Charles Savage on the group's results plus an update on other business units under the umbrella; and Remgro CIO Pieter Uys on Vodacom's latest acquisition, a co-controlling equity stake in (CIVH's) fibre assets.
In this episode of the BizNews Power Hour, Alec Hogg celebrates the 30th anniversary of previously isolated South Africa's return to international sport; Alec speaks to legendary Ali Bacher, former SA cricket captain and long-time driver of the sport, who is joined by Proteas Clive Eksteen and Adrian Kuiper who were on that historic tour to India; Andre Viljoen, the owner of Woodstock Brewery, launched Mother Soup and in partnership with the Great Commission United have supplied more than five million meals since the global pandemic started.
In this episode of the BizNews Power Hour, Steven Nathan applies his mind to contested takeover bids and shareholder activism; Dr Piet Croukamp explains most why opposition parties are rejecting the ANC - they don't want to risk making the ruling party "look good" ahead of the critical 2024 Election; Peter Major sifts through the noise around the BP takeover offers; and Future Forex CEO Harry Scherzer unpacks the low-risk opportunity offered offshore-to-onshore crypto arbitrage.
In this episode of the BizNews Power Hour, Cape Independence activist Phil Craig explains how the Local Election results are a major boost for the Cape Independence lobby; SA's favourite stockbroker David Shapiro gets excited about the Purple Group's trading update and assesses the plunging prices of Moderna and Peloton Interactive; Township shopping centre owner Exemplar is coming back stronger after losing 5 of its 23 centres says CEO Jason McCormick; and TreasuryONE's Andre Cilliers explains why he expects to see the Rand strengthening to R14.50 against the US Dollar (now R15).
In tonight's episode of the BizNews Power Hour, we kick off a new weekly feature with BizNews's Alec Hogg discussing the top news of the week with Gary Stroebel of Namibia's NOVA FM. Also tonight, Piet Viljoen looks at news from his biggest holding - MTN - and provides insights on other major news; SA's BlueGreen director - Jurgens Van Loggerenberg explains the process that has cleaned the previously toxic Rootplaats Dam; and highlights of a webinar with the team from the Bureau for Investigative Journalism, - Victoria Hollingsworth, Tom Wright, Chrissie Giles and James Ball - with Alec Hogg explaining why the UK body was drawn to the story of the South African tobacco industry.
In tonight's episode of the BizNews Power Hour, Stuart Batchelor, director of SolarSaver on it's unique solar solution; David Bacher unpacks the Corion Report for October; Linda van Tilburg spoke to author of The Crash of the Rhinos Ray Dearlove on the Australian Rhino Project; Chief executive of Net1 Chris Meyer unpacks it's R3.7bn acquisition of The Connect Group.
In tonight's episode of the BizNews Power Hour, Piet Viljoen and Magnus Heystek join Alec Hogg on a community member challenge to put local vs offshore investments to the test; political analyst Ralph Mathekga on what seems to be the onset of kingmakers and coalition politics in the ongoing local elections; we also discuss how Standard Bank's PowerPulse platform is going to be extended to residential homes.
In tonight's episode of the BizNews Power Hour, Piet Viljoen breaks down the latest in the markets, plus the recent addition of Aveng in the BizNews Portfolio; Tim Modise weights in on local elections to be held next week results after interviewing two of the top three candidates for Joburg mayor; EOH CEO Stephen Van Coller; and Bernard Mostert on the court's ruling to finally liquidate Steinhoff.
In tonight's episode of the BizNews Power Hour, Alec Hogg on the BizNews Portfolio's newest purchase Aveng; Resources guru Peter Major unpacks Implats' plans to buy Royal Bafokeng Platinum; Mishal Patel, Sable International's British and nationality expert sheds light on the intricacies of obtaining British citizenship; and Linda van Tilburg explores what happed to the Oppenheimer's billion during Covid.
In tonight's episode of the BizNews Power Hour, 10X founder and former top rated investment analyst Steven Nathan's views on the BizNews Portfolio's newest addition - Aveng; Resources guru Peter Major unpacks Sibanye Stillwater's latest acquisition - mines extracting nickel and copper in South America; CEO of Spear REIT, Quintin Rossi, shares the Western Cape-focused company's latest results; Bureau of Investigative Journalism's international editor - James Ball let's us in on the episode seven of Smoke Screen which has evidnece suggesting leading UK listed group British American Tobacco paid a $500k bribe to the Mugabe Regime.
In this episode of the BizNews Power Hour, David Shapiro on US tech shares, Ascendis Health, Bell Equipment and Sibanye Stillwater; DA's mayoral hopeful Dr Mpho Phalatse on her plans for Joburg should the party win back the city; Alex Gabriel, managing director of the Cape Town Opera discusses the business side of the organisation and coming back from the Covid-19 lockdown; and TreasuryONE's currency strategist Andre Cilliers unpacks the local and international currency movements for this past week.