BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
In the world spotlight: Makhanda, formerly Grahamstown, the Eastern Cape town uniting to sing away the blues
Makhanda or Grahamstown is a city in the Eastern Cape that is in transition. First came the name change and pressure is mounting to go further and also change the name of its well-known University named after Cecil John Rhodes. Other challenges that the town face, are huge social inequalities…
How South Africans can make money trading stocks in volatile, uncertain global markets: CM Trading CEO Daniel Kibel
Daniel Kibel, Chief Executive Officer of CM Trading - a global trading and investment broker - shares his views on the risks and rewards of trading in global markets. He sets out how South Africans can get started in global financial markets and provides some pointers for more experienced traders,…
Generous bid for Phumelela; Distell profit fall; AYO's hefty fine; Massmart
In today’s news headlines: - Distell sees headline profit fall by 64%; - JSE fines AYO Technologies R6.5m for misleading financial results; - Massmart suffers headline loss of more than R1bn; and - UK bookmaker Betfred offers up to R925m for Phumelela Gaming and Leisure Learn more about your ad…
Business interruption claims fiasco: tourism, hospitality operators get set for court battle. LISTEN
Insurance Claims Africa (ICA) gets set to fight the insurance industry in court next week for refusing to pay up for Covid-19 business interruption claims. ICA CEO Ryan Woolley and Professor Alex van den Heever tell BizNews why this could be the watershed case that shapes the industry. Learn more…
Nedbank profits fall by 70%; zero-alcohol limit by December; Bidcorp; ICA
In today’s news headlines: - Nedbank has reported a 70% profit hit; - Bidcorp, reported a 48% decline in full-year earnings; - Insurance Claims Africa gets set to fight insurers in court next week; and - SA will have a zero-alcohol driving limit by December Learn more about your ad…
Covid-19 fall-out: South Africans are struggling, with many tipping into poverty and deeper into despair - Dr Sooliman
Gift of the Givers founder Dr Imtiaz Sooliman shares the details of the hardship experienced by South Africans in the Covid-19 crisis. He tells BizNews reporter Linda van Tilburg how even medical specialists are struggling financially, with most of the healthcare sector put on hold so that the country can…
Covid-19 angels: While Covidpreneurs profit, one charity organisation donates lifesaving equipment - Trevor Pols
A number of prominent civil society organisations have called on high-ranking government officials linked to personal protective equipment procurement irregularities to step aside while they are being investigated. In a joint statement, organisations which include the Ahmed Kathrada Foundation, Corruption Watch, Section 27 and the Organisation Undoing Tax Abuse (OUTA)…
Lewis Group earnings drop; Vodacom poaches Nedbank CFO; Imperial Logistics; Italtile; Dis-Chem
In today's news headlines: - Lewis Group reported a 30.8% drop in annual earnings; - Nedbank's CFO, Raisibe Morathi, has resigned to join Vodacom; - Imperial Logistics reported a 65% fall in full-year earnings; - Italtile saw double-digit growth in June and July; and - Dis-Chem saw revenue growth of…
Absa profit slump; CR, Tito Twitter storm; De Beers slashes diamond prices; Edcon; Old Mutual
In today's news headlines: - Absa profits plummet; - President Cyril Ramaphosa has ‘strongly reprimanded’ his finance minister Tito Mboweni; - Edcon is finalising selling off parts of Edgars; - Old Mutual has warned of losses when it releases its results next month; and - De Beers has cut diamond…
How winemaker Ntsiki Biyela survived alcohol ban with exports
Wine sector body Vinpro has estimated that the first ban on alcohol sales and the ban on the export of wine for more than a month led to the demise of 350 wine grape producers and 80 wineries in the country. It also estimates that job losses in the wine-related…
Cell C sheds stores, jobs; Fraser-Moleketi to chair Tiger Brands; Naspers; wine industry in crisis
In today's news headlines: * Cell C has blamed the changing retail environment for a decision to shed stores and jobs. * Tiger Brands says Covid-19 containment measures are largely to blame for its disappointing results. * Naspers is to invest R1.4bn in South African tech start-ups. * SA's wine…
Decoding antibody testing - Why you could have Covid-19 and not know it
Antibodies are small proteins produced by your body when it is fighting off an infection. Dr Noluthando Nematswerani decodes these fighting cells for BizNews and lets us in on the current limitations associated with antibody testing. Learn more about your ad choices. Visit megaphone.fm/adchoices
SA hunts for new Auditor-General; Standard Bank; Massmart; Sasol; SAA; Airbnb
In today's news headlines: * Standard bank expects a revenue decline in the second half of the year as its its first-half earnings dropped 44%. * Makro and Game owner Massmart says it expects headline losses for the first half of the year to be about 40% lower than last…
Dave Woollam: Separating fact from fiction in the Tongaat Hulett accounts
Former banker turned shareholder activist Dave Woollam explains why he decided to take a deep dive into troubled Tongaat Hulett. In this excerpt from the Rational Radio webinar, Woollam tells BizNews editor-in-chief Alec Hogg that Tongaat Hulett's financial results are a textbook case of the absurdity of the International Financial Reporting Standards…
More evidence Covid-19 lockdown shattered economy for no good reason: PANDA's Nick Hudson
A fierce critic of the SA government's approach towards the coronavirus pandemic and the lockdown, actuary Nick Hudson of Pandemic Data and Analytics (PANDA) forecasts that the Western Cape will reach herd immunity within a month. Hudson has conducted research into the country's rate of infection, studying the trends around the…
Elon Musk now world’s 4th wealthiest; Apple makes Wall Street history; MTN; SA banks
In today's news headlines: * Elon Musk, South Africa born founder of Tesla, is among the world's wealthiest, after the Tesla stock price soared. * Apple is now worth $2trn. * MTN has a new boss. * As banks are set to report a plunge in profits, the South African…
SARB governor Lesetja Kganyago: Risks to the rand - and why SA economy doesn't require a careful rethink
Lesetja Kganyago, governor of the reserve bank set out the risks for the rand at a webinar for the Cape Town Press Club. The SA Reserve Bank Governor told the Cape Town Press Club that he thinks fixing the SA economy doesn’t require a careful rethink - government just needs…
PPC accounting 'errors'; Eskom power cuts; Zimbabwe stocks plunge; S&P500 soars
In today's news headlines: * PPC, South Africa’s largest cement maker, plunged deeper into crisis after reporting accounting errors and delaying the release of full-year earnings for a second time. * Zimbabwe’s benchmark stock index has slid by 21% since the government allowed trading to resume just over two weeks…
Sasol: On pure fundamentals - be careful, Shapiro warns stock market investors
Sasol’s executive team has to work hard to bring down the company’s R180bn of debt, which is mostly in dollars. Stockbroker David Shapiro says debt of this size makes everything else in the business become secondary. This follows the release of Sasol's annual results this week. Sasol is a popular…
Asset manager Piet Viljoen: SA stocks are cheap – and these ones offer value
South African stocks have been 'cheap' for a while, says RECM founder Piet Viljoen. He discusses stock selection ideas with BizNews founder Alec Hogg. Learn more about your ad choices. Visit megaphone.fm/adchoices