* South Africa’s biggest cities are preparing to source their own power after the energy ministry approved letting them wean themselves off state utility Eskom. * The World Bank has told South Africa’s government it has to cut its wage bill to qualify for a loan of as much as $2 billion…
In our Friday Finance webinar, BizNews editor Jackie Cameron spoke to independent financial advisor Dawn Ridler of Kerenga Wealth Ecology in Johannesburg and investment specialists Albert Coetzee and Marc Lindley of Ninety One Investment Platform. The three guests explained the key differences between a retirement annuity and a living annuity…
As a result of his activism, young farmer Willem Petzer has rocketed to fame, becoming one of the loudest voices representing his community with, for instance, over 100 000 people having viewed his Youtube video on farm arson posted four days ago. He has more than 150 000 Facebook followers…
* Eskom, the indebted South African state power utility, will announce its annual results this week after a three-month delay because of over-payments. * South African taxpayers are expected to bail out several troubled state entities, with announcements expected this week. * A large South African bank, FNB, has terminated…
Another extraordinary South African features in this episode of the long-form biographical podcast. At 68, Bobby Godsell's passion for his homeland hasn't dimmed and in this rare interview, he proposes an approach to living in SA that works. Born in Boksburg and raised in Durban, Godsell spurned repeated offers by…
In today's business headlines: * The Department of Public Enterprises could ring-fence billions of rand of irregular expenditure by Transnet to ensure clean audit findings for the state-owned ports and rail operator. Transnet has reported R10 billion of irregular expenditure in the last fiscal year. * Power utility Eskom has…
In this episode of Inside Covid-19, we look at the impact of the pandemic on education - and jobs. Professor Michael le Cordeur, of the Department of Curriculum Studies at Stellenbosch University, explores whether another generation has lost out on vital education. We also speak to Prof Susan Michie, a…
In today's business headlines: - Eskom anticipates that its performance would improve by December this year due to what CEO Andre de Ruyter called adequate reliability maintenance, but Eskom could not eliminate the risk of load shedding going forward. - Altron’s share price jumped by 13,93% on the JSE after…
Episode six of the Biznews podcast which exposes new investment opportunities and offers fresh ideas on moneycraft features Neal Froneman, the man who built what is now the R150bn mining giant Sibanye Stillwater. The forthright miner explains why he believes South Africa is a poor destination for global capital. Valenture…
* A group of Zambian women and children are suing Anglo American, alleging the mining company caused widespread lead poisoning from a mine it owned until 1974 in the northern city of Kabwe. The case, which is demanding compensation and a clean-up of the area, was filed in a Johannesburg…
In today's BizNews headlines: * The Johannesburg Stock Exchange is to fine scandal-hit Steinhoff International R13.5m for breaching listing requirements; * SA’s third biggest mobile operator Cell C reported a loss of about R7.6bn; * London-listed SA diamond miner Petra Diamonds has abandoned plans to sell the business in favour…
Our guest in this episode is outspoken economist Chris Hart, a former science teacher who did a B Comm because he thought it would help when he was became a headmaster role. Instead, it was the ticket to a bank’s dealing room where he helped traders make a packet when…
Earlier this month, popular trading platform Robinhood reported that hackers had accessed almost 2,000 of its trading accounts. In our Friday Finance webinar, BizNews editor Jackie Cameron spoke to global financial markets specialist Fred Razak of CM Trading. He outlines three simple ways we can safeguard ourselves against similar situations…
The Tuesday Noontime webinar is the only weekly webinar hosted by Biznews founder Alec Hogg, with SA's favourite market commentator David Shapiro from Sasfin, as the regular guest. This week we were joined by Neal Froneman, CEO of Sibanye Stillwater. The guest investment analyst was Peter Major from Mergence Corporate…
As humans continue to develop, we impinge on the habitat of animals and collisions are inevitable when the paths of big cats and humans cross. Some of the big cats - like lions - can be successfully contained in nature reserves, but this is not the case for the famously…
In today's BizNews headlines: * South Africa has reduced the number of countries on its high risk Covid-19 list by more than half to 22 from 60, the government said on Monday, although Germany was among the notable additions to the register; * The total number of Covid-19 related deaths…
As part of an upgrade to their mobile banking app, Capitec has teamed up with EasyEquities - a low-cost investing platform. The partnership, says CEO Gerrie Fourie, is 'about adding value to our clients'. The app allows for first-time and beginner investors to find their feet in the often intimidating…
President Cyril Ramaphosa revealed an ambitious post-Covid-19 economic recovery plan in Parliament construction in Parliament which could create 800,000 jobs. It also includes a 3-month extension of social grants and amendments to the red lists of countries to enable more tourists to come to South Africa. BizNews panel consisting of venture…
Welcome to episode five of the BizNews podcast which exposes new investment opportunities and offers fresh ideas on investing and moneycraft. In this episode Sanlam’s new CEO Paul Hanratty explains why his much discussed pay package aligns his own interests with those of shareholders; market commentators David Shapiro and Adrian Saville provide a guide to…
In today's BizNews headlines: - President Cyril Ramaphosa revealed an ambitious post-Covid-19 recovery plan which is aimed at generating 800,000 job opportunities in the immediate term. Mr Ramaphosa announced four interventions which include a massive roll-out of infrastructure throughout the country, the rapid expansion of energy generation capacity to secure…
15 Oct 2020 11AM
3 min
4220 – 4240
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