BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
BizBriefing: Santam hospitality insurance blow; excon lifts for ETFs; CR speaks to Biden; Tesla soars
* In a massive victory for the thousands of smaller hospitality and tourism businesses forced to shutdown in the Covid-19 lockdowns, the Western Cape High Court judgment has ordered insurance giant Santam to pay a hotel group’s claims in full plus legal costs * President Cyril Ramaphosa has had a call with US…
Watershed case for tourism & hospitality as court rules against Santam
In a precedent-setting judgement heard earlier this week, the Western Cape High Court ruled in favour of Ma-Afrika Hotels and Stellenbosch Kitchen against insurance beast Santam. It's a victory worth celebrating, but Insurance Claims Africa CEO Ryan Woolley warns that the fight isn't over yet. Learn more about your ad…
HIV-prevention injection provides new hope for SA women, and the fiscus – Wits Prof Sinead Delany-Moretlwe
Women in South Africa bear a disproportionate burden of the HIV pandemic. According to UNAids figures, of the more than 7.7 million adults living with HIV in South Africa, 62.7% are women and new HIV infections among young women aged 15-24 were more than double than those among young men…
SA investor-unfriendly, with dark clouds of expropriation hovering over investment conference
'It's this weird paradox trying to attract investment, while promising investors that their investment won't be safe.' Head of Strategic Initiatives at the IRR Hermann Pretorius speaks to BizNews founder Alec Hogg about the latest annual investment conference, hosted by President Cyril Ramaphosa. Pretorius outlines why South Africa is 'not…
Wierzycka, Heystek on revolutionary change for SA savers - retirement funds' 30% foreign cap removed
In the mid-term Budget Finance Minister Tito Mboweni dropped a silent but violent bombshell. The 30% cap on the foreign component of retirement funding has effectively been lifted - if they wish South Africans can now effectively invest 100% of their savings in foreign assets. In the light of continued…
BizBriefing: BLA settles Malema spat; Covid-19 deaths; SA fibre; BRICS Summit; Sipho Maseko-Eskom
*The BLA has settled its spat with Malema over his choice of lawyer. *The University of Witwatersrand study says Covid-19 deaths are under reported. *SA's fibre network has received an investment boost. *Telkom's Sipho Maseko speaks candidly about the SOE's past. *President Cyril Ramaphosa emphasises the importance of investing in…
How 3 jobless women launched successful businesses in SA during lockdown
The nationwide lockdown, which brought several industries to a standstill, forced three South African women to leave their comfort zones in order to make ends meet. BizNews journalist Claire Badenhorst spoke to Clare Tennant, Jana Aspeling and Claire King to find out how they launched successful businesses in a poor…
O’Sullivan on fight against corruption: We’re ‘far too soft’ on Myeni, Magashule & friends
Paul O’Sullivan is an Irish-born crime fighter with the corrupt and the captured in his line of sight, refusing to rest until he sees them behind bars. Recently, he released an open letter to former SAA chairperson Dudu Myeni – who has featured prominently at the Zondo commission into state…
BizBriefing: Opec+ not positive; Vodacom; Zondo; US rally on Moderna vaccine
* Oil markets may be cheering the prospects of a coronavirus vaccine, but OPEC+ can’t celebrate. * Vodacom reinstated growth targets based on an expected economic recovery from the Covid-19 crisis in 2022. * The Ahmed Kathrada Foundation says Jacob Zuma is grasping at straws in an effort to play…
Valenture Institute partners with St Stithians in ‘revolutionary’ high school model
In a recent episode of Inside Investing, BizNews founder Alec Hogg spoke with Robert Paddock, chief executive of the Valenture Institute. Paddock told BizNews about the newly formed partnership with St Stithians, the prestigious school situated in Johannesburg. This new alliance will allow students to enjoy the benefits of a…
BizBriefing: World applauds Ace reckoning; Teflon Zuma; Choppies back on JSE; Rand; Eskom green plan
- The court appearance of ANC secretary general Ace Magashule, the highest profile politician arrested in connection with state capture on Friday has been viewed favourably overseas. - Former President Jacob Zuma last ditch effort to avoid re-appearing before the Zondo Commision of inquiry into state capture will be heard…
How Discovery is helping members prepare for the Covid-19 vaccine - Dr Noluthando Nematswerani
Discovery Health's head of Clinical Policy, Dr Noluthando Nematswerani tells BizNews how Discovery is helping it's members prepare for the arrival of the Covid-19 vaccine in South Africa. Nematswerani says experts expect the vaccine to arrive by at least mid 2021. Learn more about your ad choices. Visit megaphone.fm/adchoices
BizBriefing: Unemployment rises; European investment delays, DA stung; Multichoice, Mediclinic; Zuma, Magashule appear
In today's business headlines: • South Africa’s official unemployment rate has risen to 30.8% returning to a 17-year high in the third quarter. • European businesses have indicated that they are delaying investment in South Africa because of poor power and water supply and the costs of complying with Black…
Inside Investing - Biden, Pfizer, Capitec, Valenture and direct listings hit the US markets. Ep 9
In episode nine of the Inside Investing podcast, an assessment of what the new US president will mean for South African investors; we hear from Gerrie Fourie, CEO of SA banking’s success story called Capitec; get the back story to news that Johannesburg’s famous St Stithians is to partner with…
Inside Covid-19: Lockdowns are the biggest health policy mistake in living memory - Great Barrington Declaration founder
In this episode of inside Covid-19, we have special interviews for you with medical experts of global standing. First up, we speak to Dr Jay Bhattacharya, a professor of medicine at Stanford University. Dr Bhattacharya is one of the driving forces behind the Great Barrington Declaration, which calls for a…
CR lifts booze ban, adds fuel to hospitality, tourism sectors - but delivers warning to wear masks, or else
President Cyril Ramaphosa has outlined a sharp rise in Covid-19 cases in the Eastern Cape and pockets of the Western Cape. He hinted that tougher restrictions would have to be implemented if we don't start wearing masks and encourage employees and friends to download the tracing app. But, he eased…
BizBriefing: Ace clings to power; Pfizer vaccine 'deep-freeze' challenge; Mozambique massacre; Zambia debt crisis
* The ANC is making an exception for its secretary general Ace Magashule - who does not have to step down even though a warrant has been issued for his arrest in connection with corruption. * The Pfizer vaccine will get to rich people in the urban areas of rich…
How investigators FINALLY got enough evidence to arrest Ace Magashule - the inside story.
An arrest warrant has been issued for former Free State Premier and current ANC secretary-general Ace Magashule. Arrests surrounding the R255-million asbestos scandal were made just last month, with corruption-accused businessman Edwin Sodi arrested for his alleged involvement in the procurement of government funds. Since 2015, DA representative Leona Kleynhans…
BizBriefing: ANC heavyweight Ace Magashule nailed for graft; Zondo; B4SA warns against lockdown; Moz corruption
* An arrest warrant has been issued for Ace Magashule, one of the ANC’s top-ranking officials. * Magashule’s arrest comes as evidence at the Zondo commission of inquiry continues to highlight industrial scale corruption at state entities, with the son of Jacob Zuma, Duduzane, and the Gupta family in the…
BizBriefing: US markets rally on Pfizer Covid-19 vaccine: stricter SA Covid rules; Biden 'story' about Mandela
* US markets rallied after a vaccine developed by Pfizer Inc. and partner BioNTech SE proved better than expected at protecting people from Covid-19. * South African government is considering reimposing several curbs aimed at containing the coronavirus pandemic as fears mount about a second wave of infections. * The pandemic’s resurgence is posing a…