Podcasts about r1bn

Today's BizNews Daybreak covers Apple's quarterly results, Rivian's SUV success, and Anthropic's AI breach, alongside a semiconductor rally driven by Microsoft and Oracle. Football federations oppose FIFA selling World Cup stakes, while Donald Trump claims a Gaza disarmament agreement. Meanwhile, Alec Hogg discusses Anglo American's South Africa exit, RMB launches a R1bn housing program, Geraint Anderson tackles psychopathic corporate culture, and Amazon's AWS delivers strong AI-driven growth.

Derek Engelbrecht – CFO, Senwes SAfm Market Update - Podcasts and live stream

Mandy Wiener speaks to EWN Reporter, Dimakatso Leshoro about the three foreign nationals linked to R1bn drug bust due in court. The Midday Report with Mandy Wiener is 702 and CapeTalk’s flagship news show, your hour of essential news radio. The show is podcasted every weekday, allowing you to catch up with a 60-minute weekday wrap of the day's main news. It's packed with fast-paced interviews with the day’s newsmakers, as well as those who can make sense of the news and explain what's happening in your world. All the interviews are podcasted for you to catch up and listen to. Thank you for listening to this podcast of The Midday Report Listen live on weekdays between 12:00 and 13:00 (SA Time) to The Midday Report broadcast on 702 https://buff.ly/gk3y0Kj and on CapeTalk https://buff.ly/NnFM3Nk For more from The Midday Report, go to https://buff.ly/BTGmL9H and find all the catch-up podcasts here https://buff.ly/LcbDdFI Subscribe to the 702 and CapeTalk daily and weekly newsletters https://buff.ly/v5mfetc Follow us on social media: 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/Radio702 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.

Catch Up on the latest leading news stories around the country with Mandy Wiener on Midday Report from 12:00 to 13:00See omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Thabile Nkunjana, Agricultural Economist about the outlook for food prices as the risk of an El Niño coincides with rising fuel and fertiliser costs linked to Middle East tensions. In other interviews, Quintin Rossi, Spear CEO talks about the company raising R1 billion through an oversubscribed accelerated bookbuild. The capital raise, completed at a slight premium, signals strong investor appetite for Western Cape-focused property exposure. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.

Stephen Grootes speaks to JSE CEO Leila Fourie about the JSE’s record-breaking R1bn profit milestone, the special dividend payout, and how renewed confidence in South African markets has fuelled strong trading activity and boosted the group’s overall performance. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Dr Leila Fourie – Outgoing CEO, JSE Group SAfm Market Update - Podcasts and live stream

In this episode, Anlu Keeve, Dr John Endres, and Chris Patterson discuss the President's response to the SONA debate in parliament, Tshwane's backpay wage bill, and the unfolding issue of students gambling away their NSFAS allowances. Website · Facebook · Instagram · Twitter

In South Africa, high earners face a 45% marginal rate with limited deductions, making Section 12B of the Income Tax Act a powerful tool to ease the tax burden while investing in renewable energy. In an interview with Biznews, Mitchel Fieldgate, wealth manager and alternative investment lead at Pangea Wealth, revealed they have facilitated R1 billion in deductions over the last two years. He noted that while this provides relief for high earners, it has also mobilised billions into commercial solar projects, reducing reliance on Eskom and alleviated load shedding. Fieldgate explained who might not benefit from the tax relief, clarified that it is not a tax loophole, and stressed that the 12B opportunities are not a one-size-fits-all solution. He suggested the government introduce similar tax breaks for repairing other infrastructure, such as water systems or roads, “because it mobilises money and there's no leakage.”

Tehillah Niselow speaks to Megan Pydigadu, Chief Operating Officer at Spar See omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Aspen’s Sean Capazorio, Woolworths’ Roy Bagattini, and Cashbuild’s Werner de Jager as Aspen swings to a R1.08bn loss, Woolworths earnings fall nearly 24% due to Australian woes, and Cashbuild posts stronger results driven by new store openings. In other interviews, Keabetswe Mojapelo, Economist at RMB, talks about South Africa’s business confidence slipping to its lowest level in a year. The RMB/BER Business Confidence Index fell by one point to 39 in the second quarter, as companies grapple with a sluggish economy and adjust to the impact of new US tariffs introduced last month.See omnystudio.com/listener for privacy information.

Tehillah Niselow speaks to Energy Analyst, Chris YellandSee omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Pick n Pay CEO Sean Summers about the retail giant's progress in narrowing its losses, thanks to a turnaround plan that's starting to show promising results, with a reported headline loss per share decreasing to 61.54c from 172.21c the previous year. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Nosipho Radebe speaks to Jay Govender, Chief Commercial and Legal Officer at Etana EnergySee omnystudio.com/listener for privacy information.

South Africa's foreign policy takes center stage in today's BizNews Briefing. Chief Rabbi Warren Goldstein warns of SA's ties with Iran, while U.S. ambassador frontrunner Joel Pollak cautions on strained SA-U.S. relations. Neil de Beer discusses the GNU's power to shift policy, and Eskom faces a billion-rand fraud scandal. Plus, Duduzile Zuma's latest controversy.

In this episode of the Business Day Spotlight podcast, Business Day deputy editor Tiisetso Motsoeneng is in conversation with CEO of Sasol, Simon Baloyi. The newly appointed CEO is preparing to jack up the amount of money the energy giant spends towards its future, saying R1bn annual spending simply won't cut it in a world increasingly shunning fossil fuels. Business Day Spotlight is a TimesLIVE production. Producer is Demi Buzo.

Kokkie Kooyman – Director, Denker Capital SAfm Market Update - Podcasts and live stream

Monica Lucas – GM at Werkomed and Market Access Committee Member, SA Medical Technology Industry Association SAfm Market Update - Podcasts and live stream

Quiton Zunga – CEO, RH Bophelo SAfm Market Update - Podcasts and live stream

Eskom seeks legal action against Johannesburg's City Power for overdue debt of R1bn, threatening essential infrastructure maintenance and energy demands. City Power disputes overbilling claims, escalating tensions as the case heads to court on June 4. Chris Yelland, energy analyst at EE Business Intelligence analysis this story  See omnystudio.com/listener for privacy information.

CEO Charles Savage enjoys reporting that in February the group posted an all-time one-month deposits record of over R1bn.

A new R1bn venture capital (VC) fund looking to shake up SA tech investment is the focus in this edition of the Business Day Spotlight. Our host Mudiwa Gavaza is joined by Conducive Capital founders Clive Butkow and Mitchan Adams. Topics include: developments in a number of areas such as trends in raising capital; challenges in finding capital; evolution of VC investing; the value of VC to SA's economy; how to grow SA's technology ecosystems; and an outlook for the sector. Business Day Spotlight is a MultimediaLIVE Production. Producer is Demi Buzo.

Laurence Rapp – CEO, Vukile Property Fund SAfm Market Update - Podcasts and live stream

Noluthando Mthonti-Mlambo speaks to to Dr Thomas Funke, CEO of the Canegrowers Association of SA about distributing nearly R176-million in dedicated transformation funding in the sector. The sugar industry has met its objective of investing more than R1-billion in transformation funding over the last five years. The funding has been critical in sustaining the livelihoods of more than 21 000 small-scale growers and their farm workers, as the industry has endured waves of crises over the past five years.See omnystudio.com/listener for privacy information.

ANC secretary-general Fikile Mbalula says the ANC's political opponents are “bewitching” his party. Mbalula was welcoming back to the ANC alleged former EFF members.  He told the crowd they should defend “the people's movement” ... “2024 is our 2024, we are going to defend freedom and we will defeat our enemies”. Mbalula alleged more than R1bn has been raised as part of efforts to defeat the ANC, alleging opponents of the ruling party are on a mission to bribe ANC veterans such as Mavuso Msimang, who recently left the party. “They are forming a lot of political parties to defeat the ANC. They put a lot of money to support this project. Roger Jardine is a project and that project will be defeated,” he said. Former FirstRand Group chairperson Roger Jardine launched his political party, Change Starts Now, on Sunday. Mbalula said their opponents are trying to take the country back and fight social transformation. “People who will defeat the ANC are not yet born. What will defeat the ANC is to allow wrong things to happen in our organisation and we fold our arms. “We'll never be defeated by the EFF, it's very weak. Malema is selling you dreams thinking he'll enter the Union Buildings — never, it won't happen.” Mbalula then repeated promises the ANC has been making for years on youth job creation, water delivery and load-shedding. Despite the promises it seems the party has not yet found the formula for tackling joblessness and rolling power cuts which it had vowed to end by this month.

Can big business really parachute its own candidate into the coming 2024 election and get him elected president? That's the ambition, it seems, behind a bid to find a political home for Roger Jardine as revealed in the Sunday Times last Sunday. There's up to a billion rand to back a new horse but is the circle of possible funder being too picky? “Business needs to cross its own Rubicon,” Freedom Front Plus chief whip Corne Mulder tells Peter Bruce in this gripping edition of Podcasts From the Edge. It needs, he says, to understand the opportunity before it and while putting R1bn into an election. Does all the money get behind Jardine or can all “good” opposition (presumably excluding the EFF) share in it and get behind Jardine when parliament meets to elect a president after the election? Mulder also deals with the need to include the Patriotic Alliance in the Charter before it becomes a “kingmaker” after and wonders whether, just possibly, the Democratic Alliance might be lured into a Grand Coalition with the ANC if the ruling party vote slips below 50%.

This audio is brought to you by Wearcheck, your condition monitoring specialist,. The R1-billion solar project being developed by Chariot Transitional Power and Total Eren in North West province is on track as planned to be completed end 2024. In doing so, it will contribute to Tharisa Minerals' planned reduction of 30% of carbon emissions in 2030, Tharisa investor relations and communications head Ilja Graulich stated in response to Mining Weekly on Friday. Construction of the Buffelspoort Project solar energy facility, which is set to start in the second quarter of 2024, is expected to create jobs for about 200 people, mainly drawn from the local communities. The project will generate up to 40 MW of photovoltaic (PV) electricity to the London- and Johannesburg-listed Tharisa's platinum group metals (PGM) and chrome mine in Rustenburg. The PV project will supply electricity to the South African PGM mine on a minimum 15-year power purchase agreement. "As an Africa-focused developer and an independent power producer, our core mandate is to develop, finance and operate renewable projects in Africa to sell renewable energy to private off-takers," Chariot CEO Benoit Garrivier stated in a release put out by the Department of Trade, Industry and Competition, which highlighted Chariot's momentum towards fulfilling its investment pledge, made at the fifth South African Investment Conference hosted by President Cyril Ramaphosa in Johannesburg in April this year. "South Africa is an important market for Chariot because of its size in Sub-Saharan Africa, the abundance of renewable solar resources, the existence of various strong corporate off-takers and a supportive government. "Various government initiatives over the last few years have made the South African market ideal. "We're delighted to be working on this project, alongside our partner Total Energies, helping to reduce Tharisa's carbon footprint by developing this independent source of power for their mining operations," Garrivier added. Chariot will also supply solar power to 70% Tharisa-owned Karo PGM mine in Zimbabwe at the initial installed capacity of 30 MW, as part of a broader project of 300 MW to be developed over the mine's evolution.

Guest: Jeff Wicks joins John to explain the news released today that nearly two years after Babita Deokaran raised the alarm over suspicious transactions, President Cyril Ramaphosa has given the greenlight to an SIU probe of Tembisa Hospital, and more than R1 billion in payments which flowed from its coffers.See omnystudio.com/listener for privacy information.

Collin Ramukhubathi – Executive Director, Afrimat SAfm Market Update - Podcasts and live stream

Rob Rose,  Editor of Financial Mail and the author of Steinheist shares his four reasons why Steinhoff's former CEO no-show to his trial matters   Clicks interim results - Healthcare retailer forges ahead with R1bn capex plan with Bertina Engelbrecht, CEO at Clicks Group   Peter Fabricius, independent foreign policy analyst & journalist on the meaning of President Ramaphosa being snubbed at the G7 summit   Warren Ingram, Co-Founder of Galileo Capital on Personal Finance - How to build generational wealth. See omnystudio.com/listener for privacy information.

Picking up from where we left off in the previous bonus episode, we have invited professor of sport management at the University of San Francisco, Dr. Michael Goldman to facilitate the most extensive expert analysis of SA Tourism's proposed R1bn sleeve sponsorship deal with Tottenham Hotspur available right now. In this episode, Dr. Goldman discusses the problematic nature of the deal's unplanned announcement following the publication of a prematurely leaked document, the details behind SA Tourism's R1bn sponsorship deal with Tottenham Hotspur, the potential financial and marketing returns of the sponsorship deal, how sport sponsorship deals' ROI are generally measured and the relevant comparison points with Visit Rwanda's deal with Arsenal. Dr. Goldman then concludes with his expert view on how the South African government and SA Tourism could strategically proceed with the proposed deal.  ------------------- ⭐ The best way to support the podcast is to subscribe, share and leave us a 5-star rating on Apple Podcasts or Spotify.

The highly contentious South African Tourism deal with English Premier League football club, Tottenham Hotspur deepens as 3 board members have reportedly resigned. Board members, Enver Duminy, Ravi Nadasen and Rosemary Anderson have tendered their resignation from the board of South African Tourism, effective immediately. Resulting of a difference of opinion, Nadasen and Duminy's resignation and Anderson's resignation were tendered to Tourism Minister Lindiwe Sisulu and South African Tourism Board Chair Dr Aubrey Mhlongo.This as South African Tourism on Thursday defended its proposed three-year sponsorship deal with English Premier League football club Tottenham Hotspur worth nearly R1bn rands. SA Tourism acting CEO Themba Khumalo said the proposed deal is aimed at attracting tourists to boost economic recovery and would yield 88 billion rands in international spending on the local economy. The deal has been severely criticised by several political parties and organisations. President Cyril Ramaphosa has described it as unjustified. Sebenzile Nkambule spoke to Marketing Strategist, Clive Simpkins 

The South African tourism department briefed the media on Thursday after reports emerged of a proposed three-year sponsorship deal with English Premier League football club Tottenham Hotspur worth nearly R1bn. Acting CEO of SA Tourism Themba Khumalo said the proposed deal is aimed at attracting tourists to SA to aid the country's economic recovery. 

Guest: Rebecca Davis joins John to flesh out the news broken by her Daily Maverick article this morning that revealed that the South African government, through its marketing agency SA Tourism, is preparing to ink a deal worth R910,997,814.75 to sponsor one of the English Premier League's best-known teams, Tottenham Hotspur.See omnystudio.com/listener for privacy information.

Mining Weekly Editor Martin Creamer discusses the country's economic/crime paradox that was highlighted at a recent Anglo American meeting; new green hydrogen end-demand pushing platinum into a meaningful deficit; and the development of the R1-billion fuel cell factory which could break ground next year.

A bankable feasibility study has opened the way for the building of a factory for the local manufacture of fuel cells that are designed to provide low-carbon electricity to decentralised users at affordable prices throughout the African continent. Innovative South African Mitochondria Energy Systems, headed by founder and CEO Mashudu Ramano, expects to break ground for the R1-billion development in the first quarter of next year, with the first fuel cells being produced in 2024, with full-scale commercialisation expected in 2028. Established in 2018, Mitochondria is a developer and marketer of hydrogen-based technologies. An area of Emfuleni, which has been earmarked for declaration as a special economic zone (SEZ) by the Department of Trade Industry and Competition (DTIC), is the site of choice for the manufacture of the energy systems, aimed at decentralising electricity generation in the same way as cellphone systems decentralised telecommunications. Funders of the first phase of the project include South Africa's State-owned Industrial Development Corporation (IDC), the Development Bank of Southern Africa (DFSA) and Mitochondria itself, Ramano outlined in an interview with Engineering News & Mining Weekly. Discussion is underway with potential funders of the second phase, a far-reaching R3-billion augmentation project involving the local manufacture of fuel cell stacks. The just energy transition is a major project consideration and much collaboration has also taken place with local communities amid the potential for most of the components required to be locally sourced. In South Africa for the Mitochondria Technology Day were representatives of AVL of Austria and Ceres Power of UK, companies that are partnering Mitochondria in the introduction of what is described as “an affordable, reliable, decentralised and sustainable energy solution for the African continent”. Green hydrogen is seen as the ideal eventual fuel for the multifuel stationary electricity generating fuel cells that form an integral part of simultaneous trigeneration of baseload power, heat and water in fulfilment of ten of the United Nations Sustainable Development Goals. “The more you move towards hydrogen and on-site generation, the more you are able to get better efficiencies in the energy system,” explained Ramano. On the choice of Mitochondria as the company's name, Ramano highlighted that the word mitochondria refers to every cell in the human body having a power generation capacity. “Every time I use the word Mitochondria, I'm calling forth a new energy generation era for the world. This is the prosumer, where you produce and you also consume and so Mitochondria is about the new emerging energy era in the world where there will be so many energy generators, but all networked like the mitochondria in my body, which are generating power right now as I'm speaking to you,” he added. Early on in his study of fuel cells and hydrogen, he visited Japan consecutively to 11 years to understand the fuel cells that were being introduced into homes. Then five years ago, his company decided not to follow the model implemented elsewhere and requested that AVL do a prefeasibility study using the latest technologies that could be competitive with coal in South Africa, which pointed to the need for a decentralised solution as had proved so successful with telephony, which catapulted Africa into the modern era. From a communications perspective. Mitochondria's fuel cells are high temperature fuel cells that make use of steel-based nickel-bearing cerium alloy developed by Ceres in solid-oxide ceramic-based fuel cells that offer 60% efficiency in generating baseload electricity. With heat added, the efficiency is said to exceed 90%. “The core technology we use is like the size of my hand with a hundred thousand holes in it and that is what splits the atom into protons and electrons, and then electrons flow from the cathode to the anode and that's electricity,” Ramano...

EFF leader Julius Malema has made scathing accusations about President Cyril Ramaphosa. Malema claimed Ramaphosa received R1bn from “white people” to be president, and alleged Eskom planned to completely turn off electricity in the country. Malema reiterated that Ramaphosa must vacate office as things “have worsened” under his leadership. The party leader was addressing the crowd at a Heritage Day event in KwaZulu-Natal this past weekend. He said the EFF must rule KZN in 2024.

Siphamandla Mthethwa – CFO, Airports Company South Africa

After enjoying a sustained run recently, steelmaker Arcelor Mittal's share price fell 12.5% on the release of interim results today. CEO Kobus Verster says the pullback was largely because of anticipation among investors that the company's turnaorund would be capped by a return to dividend payments. Verster explains in this in-depth interview that there is still repairing to be done on a balance sheet which was smashed by the Covid lockdowns. Also, with fresh investing opportunities earmarked to achieve independence in power and transport, there are other urgent calls on the company's resources. The good news in the halfyear results to end June, released today, is a continuation of the bottom line turnaround (headline earnings up 22% to R3bn; debt down 61% to R1bn) after huge challenges were overcome at the production level. Verster also shared with Biznews.com's Alec Hogg that the business is highly geared to benefit from any future improvement in the SA economy's rate of growth - something that's becoming real possibility following a probable change in government after the 2024 National Elections. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nomazizi Siphondo – Senior Investment Associate: Umnotho Fund, NEF

After 2 months since the KZN floods, National treasury still has not accessed the R1bn  for disaster relief. Africa speaks to Imtiaz Syed is the Party Leader at Active Citizen Coalition to weigh in on the situation.  See omnystudio.com/listener for privacy information.

Kaveel Singh- Flood-ravaged KwaZulu-Natal still waiting on R1bn disaster funds by Radio Islam

Stefano Marani – CEO, Renergen

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.

There is an American company called Stryve that is selling biltong in the United States and it is determined to grab the market share of jerky, the American equivalent. Stryve is marketing biltong as a healthier meat snack and they have raised nearly R1bn for expansion. The Chief Manufacturing Officer of Stryve is South African-born entrepreneur, Warren Pala. He started making biltong for his company Braaitime in his garage joined forces with Stryve's founders who have also bought another biltong company, Biltong USA. From Oklahoma, Palla told Linda van Tilburg how he leapt from Springs on the East Rand to the US, and how Stryve wants to take control of the American market for dried meat.

Murray Collins, founding director of Collins Residential, talks about the group's latest developments in KwaZulu-Natal and why he remains confident and is continuing to invest in the province despite the recent unrest in July.

Murray Collins, founding director of Collins Residential, talks about the group's latest developments in KwaZulu-Natal and why he remains confident and is continuing to invest in the province despite the recent unrest in July. Podcast series on Moneyweb

Recently Pick n Pay has been in the headlines with their R1bn credit facilities. We clear up the controversy and analyse retail credit with Daniel Isaacs from 36one Asset Management. Davina Myburgh from TransUnion explains how to best manage and check your personal credit score. In our Buffalo Index this week your R100 will get you a strong basket full of groceries. wits.journalism.co.za

Simon Shares Woolies (JSE code: WHL) offering script of cash for dividend. Default is cash, I'm taking new shares. Standard Bank (JSE code: SBK) trading update looks great, HEPS some 30% higher. But what of the R1,6bn write down for lost aluminium in China the previous year? The stock initially popped 8% higher but traded red by late morning. Budget 2016, Simon's thoughts Budget is R1.46tn vs R1.45tn in the October MTBPS. Deficit R139bn, which we have to borrow and that cost is increasing as R186 government bond is 9.8% from 9.3%. Budget deficit will fall from 3.2% in the 2016/2017 year to 2.4% in 2018/2019 Capital Gains Tax (CGT) gets increased from 33.3% or marginal rate to 40% while the amount of tax free CGT every year goes from R30k to R40k. No change to Dividend Withholding Tax (DWT) or Securities Transfer Tax (STT). Lots of small tax increases and some new ones; Increased; fuel levy, bag levy, sin taxes, transfer duty on +R10m properties, etc. New; sugar tax, globe tax and tyre tax. Social grants on the up, R11.5bn over next three years. Fiscal drag coupled with increased inflation and interest rates going to hurt consumers. 150,000 TFSA accounts opened and R1bn deposited. But no changes to the limits. Was it enough taxing and enough slashing to avoid a downgrade later this year? Bottom line, can he stop the junk status looming over SA? We Get Mail Marcia Are you selling your Woolies after the results? Stef I see the PLD and PLT ETFs have 'partial delisting'. What's this about? Should I worry if I hold them? JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.