Podcasts about r5bn

This evening we look at the markets with Sasfin Wealth, speak to energy analyst Tshepo Kgadima about Russia's Gazprombank backing out the Mossel Bay refinery deal, Cliffe Dekker Hofmeyr discusses amendments to the Employment Equity Act, the FSCA discusses plans to retrieve over R5bn in outstanding pension fund payments, and new Rosond CEO Glen McGavigan chats about his new role, his love of geology, and the importance of community. SAfm Market Update - Podcasts and live stream

Zareena Camroodien – Head: Fund Governance and Trustee Conduct, FSCA SAfm Market Update - Podcasts and live stream

In this episode BizNews editor Alec Hogg and his guests provide context on the news that matters to your money from the mega deal between Sanlam and Ninety One through to expectations on Nvidia and growing vaccine hesitancy following Trump's RFK appointment. Plus structuring your portfolio the Piet Viljoen way - and sleep well despite the half dozen fresh threats to your financial well-being.

Eskom is threatening to cut off Johannesburg's electricity due to the city's mounting debt, now at R5 billion. Speaking to BizNews editor Alec Hogg on this morning's BizNews Briefing podcast, OUTA CEO Wayne Duvenage highlighted a growing crisis of municipal mismanagement and warned of severe consequences if leadership doesn't change course. Civil society's frustration is boiling over, and drastic action may be imminent.

Nosipho Radebe speaks to Wayne McCurrie, Senior Portfolio Manager at FNB Wealth and InvestmentsSee omnystudio.com/listener for privacy information.

Nhlanhla Sehume speaks to Ciaran Ryan, Journalist at MoneywebSee omnystudio.com/listener for privacy information.

Ray White speaks to Mesela Nhlapo, CEO of the African Rail Industry Association, about the transformative impact of BRICS Bank's R5 billion loan on Transnet's rail infrastructure development.    In other interviews on this episode of The Money Show, Candice Wilson, Partner at EY, discusses the potential cyber risks and vulnerabilities associated with South Africa's incoming two-pot retirement savings system.See omnystudio.com/listener for privacy information.

Ray White speaks to Mesela Nhlapo, CEO of the African Rail Industry Association, about the BRICS bank's significant R5 billion loan to Transnet, a major boost for South Africa's rail infrastructure development.See omnystudio.com/listener for privacy information.

ANC secretary-general Fikile Mbalula on Thursday opened a crimen injuria and defeating the ends of justice case against former chair of Productivity South Africa and CEO of Thuja Capital Mthunzi Mdwaba at the Sandton Police Station. Mdwaba has accused Mbalula and the ministers of labour, finance and health of sending people to him in an attempt to solicit a bribe of R500m from the proceeds of R5bn his company would have received for an Unemployment Insurance Fund jobs scheme.

In a late-night scramble last December, senior officials from the labour department and the Unemployment Insurance Fund (UIF) worked tirelessly to finalize an "irregular" deal worth R5bn. The deal, aimed at channelling UIF funds into an untested job-creation initiative, was exposed by a Sunday Times report. Shockingly, only three officials stood in the way of this controversial scheme, shedding light on the questionable process that unfolded. For more on the story, Business Day TV spoke to investigative journalist for Sunday Times, Kabelo Sikiti.

  Clement speaks to Richard Spoor, a human rights lawyer and Dr Munyadziwa Kwinda, the CEO of the Tshiamiso Trust about what has happened in the R5bn settlement between former miners who contracted silicosis and tuberculosis (TB) and South Africa's gold mining companies.See omnystudio.com/listener for privacy information.

Portia Derby, CEO at Transnet on their financial results and the logistical challenges its facing.   On The Money Show Explainer, Sello Seleke, economist at Absa CIB on their PMI pointing to a flat month-on-month manufacturing output growth in August and whether the sector will ever find reprieve.   For Friday File, Sarah Lovick, Owner of GrandPa's Workshop on handcrafted wooden, beautiful furniture for kids.See omnystudio.com/listener for privacy information.

Izak Smit – Group CEO, PPS SAfm Market Update - Podcasts and live stream

In this episode, Dumo and Nzuzo discuss the call for scrapping Soweto's debt to Eskom which is close to R5bn. DONATE · NEWSLETTER

31.10.22 Pt 1 - Do South Africans celebrate Halloween? Mash shares the most popular cosmetic procedures in different parts of the world... and should the Gauteng premier write off Soweto's Eskom debt of close to R5bn?

Transnet's latest annual report highlights net profits of R5bn - marking a significant turnaround from the R8bn in losses in the prior financial year - but the African Rail Industry Association (ARIA) says don't be fooled. ARIA CEO Mesela Nhlapo spoke to Michael Appel about the state of the country's ports and rail authority in a climate in which South Africa should be perfectly positioned to take advantage of high coal and commodity prices - but isn't. ARIA wants the monopoly of Transnet broken, with greater private sector involvement for which there is significant appetite. This particular beleaguered state-owned entity is fast becoming South Africa's next Eskom, says Nhlapo. She warns that decades of underspending on maintenance and the propensity to throw good money after bad at Transnet comes at a huge cost to South Africa's economy. Nhlapo quotes Professor Jan Havenga, head of logistics management at Stellenbosch University, as estimating the cost of a floundering and ineffective Transnet at R385bn a year, or approximately 10% of GDP. Learn more about your ad choices. Visit megaphone.fm/adchoices

Portia Derby, CEO at Transnet on how they are turning their fortunes around. Paul Cruickshank, CEO of RCL Foods and Evan Walker, portfolio manager at 36ONE Asset Management discusses global inflation and how its impacting local food production. Coen Jonker, CEO at TymeBank is our Shapeshifter for the week. See omnystudio.com/listener for privacy information.

Guest: Portia Derby | CEO at TransnetSee omnystudio.com/listener for privacy information.

Portia Derby – CEO, Transnet

Tongaat is looking to raise R5bn in a rights issue that is 12 times its current market value of R400m. The Rudland Family through Magister Investments will partially underwrite R2bn of the rights offer provided that a waiver is approved by regulators. Related parties to Magister were found to have dealt in shares during the restricted period which has influenced the Takeover Regulation Panel's decision to nullify the waiver. This decision calls into question the certainty of the rights issue and ultimately the future of Tongaat. A body of shareholders' including shareholder activist Chris Logan, is appealing to Tongaat to reconsider their strategy amid concerns about the intentions of the Rudland family for the business if it obtains control. Hamish Rudland believes a rights issue is the only way forward in order for the company to avoid collapse. 

The JSE's private placing platform is gaining traction, and has managed to attract more than R5 billion in potential investments within three months. Business Day TV caught up with the JSE's head of origination and deals Sam Mokorosi, for more detail.

It's been a year and a half since the Kisby SME Fund announced its intention to raise capital that would support high quality South African SMEs hammered by Covid - and in need of low cost loans. Its initial call to action attracted thousands of requests, with 350 companies having been short-listed. Getting the Kisby train rolling took time, but in this podcast co-founder Warren Wheatley tells BizNews.com's Alec Hogg that it has left the station with R250m available to lend. He is dreaming of Kisby growing into a R5bn fund - and expects hesitancy from financial institutions will disappear now that the selection process has started in earnest.

SAA has received an additional R5 billion from government to assist with the payment of severance packages. Business Day TV's Alishia Seckam spoke to Christopher Shabangu, Chair of the SA Cabin Crew Association for more detail.

* Taxpayers have forked out another R5bn so that South African Airways can pay severance packages to staff laid off as part of its rescue plan. * Bitcoin topped $50,000 for the first time, doubling in less than two months as the digital currency continued its run higher. * Glencore reinstated its dividend on the back of record trading profits as the world’s biggest commodity trader reports its final results under the leadership of billionaire Chief Executive Officer Ivan Glasenberg. * South African grocery retailer Spar Group said on Tuesday group sales rose by 9.8% in the 18 weeks ended Jan. 29 but the country’s ban on alcohol hit liquor sales. * Resilient stock rose about 5% on news about the potential sale of shopping malls.

* Taxpayers have forked out another R5bn so that South African Airways can pay severance packages to staff laid off as part of its rescue plan. * Bitcoin topped $50,000 for the first time, doubling in less than two months as the digital currency continued its run higher. * Glencore reinstated its dividend on the back of record trading profits as the world’s biggest commodity trader reports its final results under the leadership of billionaire Chief Executive Officer Ivan Glasenberg. * South African grocery retailer Spar Group said on Tuesday group sales rose by 9.8% in the 18 weeks ended Jan. 29 but the country’s ban on alcohol hit liquor sales. * Resilient stock rose about 5% on news about the potential sale of shopping malls.

The Monday Noontime webinar is the only weekly webinar hosted by BizNews founder Alec Hogg, with SA's favourite market commentator David Shapiro as the regular guest. In this episode, they are joined by Gavin Hudson, CEO of Tongaat Hulett, KZN's venerable sugar and property group which had some really good news last week when the R5bn sale of its starch operations was confirmed - despite last minute seller's remorse from purchasers Barloworld. Our guest investment analyst was veteran asset manager and shareholder activist Chris Logan of Opportune. This week, Tongaat said it expects to swing to an interim headline profit of as much as R189 million rand driven by a turnaround at its local operations. The announcement sent the sugar producer’s shares higher on the Johannesburg stock exchange. - Jarryd Neves & Jackie Cameron

The Monday Noontime webinar is the only weekly webinar hosted by BizNews founder Alec Hogg, with SA's favourite market commentator David Shapiro as the regular guest. In this episode, they are joined by Gavin Hudson, CEO of Tongaat Hulett, KZN's venerable sugar and property group which had some really good news last week when the R5bn sale of its starch operations was confirmed - despite last minute seller's remorse from purchasers Barloworld. Our guest investment analyst was veteran asset manager and shareholder activist Chris Logan of Opportune. This week, Tongaat said it expects to swing to an interim headline profit of as much as R189 million rand driven by a turnaround at its local operations. The announcement sent the sugar producer’s shares higher on the Johannesburg stock exchange. - Jarryd Neves & Jackie Cameron

Leon Lourens – CEO, Pepkor

The government is projecting tax increases of R5bn in the next financial year as decreasing tax revenue and increasing debt to fund high spending bite. It is also warning that SA could default on its sovereign debt repayments if urgent spending cuts – including a drastic reduction in the public sector wage bill – are not implemented immediately. In its review of the medium-term adjusted budget, the National Treasury said it was working to contain public spending which has increased by 4.1% annually over the past decade.

In today's news headlines: * More explosive evidence of the role of former president Jacob Zuma and his friend, Dudu Myeni, in Eskom affairs has emerged unfolding at the Zondo inquiry into state capture; * In another report on Eskom, energy expert Chris Yelland, managing director, EE Business Intelligence, has lifted the lid on a scam involving R5bn worth of Koeberg generators; * The Covid-19 pandemic has provided an opportunity for investors with cash to snap up property assets at low prices, like JSE-listed Sun International's Sun Carousel; * Volatility in emerging market currencies will not let up in the next six months as US presidential election jitters mount and domestic economic growth tapers off, a Reuters poll of market strategists showed; and * As President Donald Trump recovers from Covid-19, he has again likened it to the less dangerous seasonal flu, urging Americans to learn to live with Covid-19 while overstating the number of annual flu deaths.

In today's news headlines: * More explosive evidence of the role of former president Jacob Zuma and his friend, Dudu Myeni, in Eskom affairs has emerged unfolding at the Zondo inquiry into state capture; * In another report on Eskom, energy expert Chris Yelland, managing director, EE Business Intelligence, has lifted the lid on a scam involving R5bn worth of Koeberg generators; * The Covid-19 pandemic has provided an opportunity for investors with cash to snap up property assets at low prices, like JSE-listed Sun International's Sun Carousel; * Volatility in emerging market currencies will not let up in the next six months as US presidential election jitters mount and domestic economic growth tapers off, a Reuters poll of market strategists showed; and * As President Donald Trump recovers from Covid-19, he has again likened it to the less dangerous seasonal flu, urging Americans to learn to live with Covid-19 while overstating the number of annual flu deaths.

Simon Shares Day 119 of lockdown and Covid-19, cases may be moderating? Monday is 4 months of lockdown. Quantum Foods (JSE code: QFH) is coming back to earth after 1157c last Friday. Tech stocks in the US are flying. Expensive? yes, but. They have solid earnings, a moat and lots of new products they can roll out. Very solid Datatec (JSE code: DTC) update. From @keithmclachlan on Datatec valuations Westcon at $600m x R16.50 = R9bn + Logicalis x 10 PE x R16.50 = R5bn = R14bn.. Less 10% head office = R12.6bn equity value against R5bn current market cap.. Listen ==>> https://t.co/HeaMQxTCYK@Moneyweb #MoneywebNOW — Simon Brown (@SimonPB) July 22, 2020   Long4Life* (JSE code: L4L) buying back 40million shares at 275c which is less than 50% of the last stated net asset value. The PSG (JSE code:PSG) AGM talks about PSG 3.0. The Zeder (JSE code: ZED) AGM was a mess as directors didn't take all the question that were asked via the virtual system Best execution rule is coming to South Africa and this is a biggie in many ways. * I hold ungeared positions. Subscribe to our feed here Sign up for email alerts as a new show goes live Gold gets its wings on I have never been a gold bull, in fact, the phrase I most used for gold stocks was that the only time you buy a gold stock was when you closed a short. But golds time has arrived and the miners are going wild even with a vaccine at some point this trend is likely to continue. The stimulus in the US and EU is massive and while stock markets are doing great, and maybe they can be propped up forever (certainly it worked post 2008/9 crisis) the underlying economies are not doing so great. Gold ETFs are an easy way to get exposure but they have no leverage, so less risk and less reward. Gold miners offer that leverage so will do way better, but also bring a bunch of risk. The Rand also brings risk as it strengthens. JSE – The JSE is a registered trademark of the JSE Limited. JSE Direct 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.  

Business Day TV — The Kisby investment fund is looking to raise as much as R5bn to support small businesses. This comes at a time when SMEs are feeling the pressure given the economic fallout from Covid-19. Business Day TV spoke to the fund 's chair Mark Barnes for more detail.

BizNews — In today's news headlines: * Former president Jacob Zuma and Duduzane Zuma, his son who worked for the Gupta family, have produced their version of a reality TV show. The first episode of Zooming with the Zumas focuses on how Duduzane managed the clandestine extraction of current deputy president David Mabuza to a medical treatment facility in Russia; * A Morgan Stanley backed fund has plans to invest R5bn of newly raised cash in mid-sized South African companies hit by a shrinking local economy and the coronavirus pandemic, reports Bloomberg; * British American Tobacco will begin negotiations with the South African government instead of taking legal action to overturn a national ban on cigarette sales now in its sixth week; and * The World Bank has come to Zimbabwe’s rescue, finding $7m to help it fight the coronavirus pandemic despite the nation being in arrears with the Washington-based lender.

BizNews — In today's news headlines: * Former president Jacob Zuma and Duduzane Zuma, his son who worked for the Gupta family, have produced their version of a reality TV show. The first episode of Zooming with the Zumas focuses on how Duduzane managed the clandestine extraction of current deputy president David Mabuza to a medical treatment facility in Russia; * A Morgan Stanley backed fund has plans to invest R5bn of newly raised cash in mid-sized South African companies hit by a shrinking local economy and the coronavirus pandemic, reports Bloomberg; * British American Tobacco will begin negotiations with the South African government instead of taking legal action to overturn a national ban on cigarette sales now in its sixth week; and * The World Bank has come to Zimbabwe’s rescue, finding $7m to help it fight the coronavirus pandemic despite the nation being in arrears with the Washington-based lender.

Discovery CEO Adrian Gore unpacks how the group will allocate the R5bn raised in its rights issue - only its third capital raising since its creation in 1992. Bringing the 250 000 member Discovery Credit Card "into the belly" of the company will make it possible to leverage it into the 5m total client base. And provide the chassis from which to launch new financial services products.

In this fascinating interview with one of SA's gr…

In this fascinating interview with one of SA's great entrepreneurs, Discovery founder and CEO Adrian Gore kept stressing the need to keep humble, stay focused and have his team's collective feet firmly on the ground. That's a reflection of the excitement being generated at the Sandton-headquartered group. Gore will be kicking in more than R350m of his own money into the R5bn rights issue announced today. And with the now wholly owned UK business gathering momentum and the Chinese joint venture with Ping An starting to rip, why wouldn't he?