BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Coronavirus lockdown: JSE plunge 'worst on record', global economy in crisis; Naspers; Sun International; Domino's Pizza
In today's news headlines: * South Africa’s benchmark stock index plummeted the most on record after President Cyril Ramaphosa’s declaration of a national state of disaster over the coronavirus outbreak stoked investor concern about its impact on an already fragile economy; * The SA economy is set to shrink to…
David Shapiro on Coronavirus: SA has gone mad, but so has rest of the world
On another day when share prices on the JSE took a pummelling and panicking South Africans emptied shop shelves, SA's favourite market commentator David Shapiro applies his mind to the root cause, the ever spreading Coronavirus. His conclusion: the world has gone mad, with people dumping assets as though Armageddon…
Rational Radio 16 March: Coronavirus fever hits SA; plus Estate Duty ripoff
A focus on Coronavirus in this week's episode of Rational Radio as market commentator David Shapiro shares his thoughts on the latest developments and we also chat to Old Mutual exec Andrew McPherson who has tested positive for COVID-19 and our regular correspondents, previously China-based teachers Andy and Gary Cronje,…
SA coronavirus lockdown; Cosatu wants payment holidays; Sasol plans; Petrol bonanza
In today's business headlines: - The government has announced strict measures including travel bans, school closures and a ban on large gatherings to combat the spread of the coronavirus in South Africa. It comes as the official figure of positive cases rose to 61; - Cosatu has called on the…
President Cyril Ramaphosa announced a major lockdown of South Africa to combat coronavirus
The measures announced tonight by President Cyril Ramaphosa include travel bans on foreign nationals to South Africa from several countries, and a ban on travel to the EU, US, UK, China, Iran and South Korea. 35 of the countries land ports will be shut from tomorrow and non-essential domestic travel…
Inspirational: Window to HIV reality - experiencing Yabonga, a lifeline for 1,200 kids
It took a year and a half to close the loop on my Yabonga experience - but as you'll hear in this absorbing podcast, it was worth the wait. After a London interview in November 2018 with Ursel Barnes, co-founder of this extraordinary organisation, she offered to show me what…
Market chaos: Forget coronavirus, worry about passive investing
While the coronavirus can take credit for much of the volatility we’ve experienced on the markets lately, it’s not the only issue. For years, the steady rise of passive investing may have been creating unexpected and important financial market vulnerabilities. In this podcast, featuring content from the Bloomberg Odd Lots…
David Barnes: From cancer survivor to sparking UCT's Neuroscience Institute
Although he spent years at the top of SA's financial services tree, co-founder of the mighty Coronation David Barnes always let others do the public stuff. So this is a rare interview, only the second with Barnes in more than two decades of engagement. In it he shares a deeply…
The Journal: The day coronavirus became a pandemic
The World Health Organisation has made it official: The new coronavirus is a global pandemic. The Wall Street Journal's Brianna Abbott, Margherita Stancati, and Ben Cohen explain why the crisis is escalating and how it's rippling through the world. Learn more about your ad choices. Visit megaphone.fm/adchoices
JSE freefalls with world markets; Sasol wipe-out, future plans; Damning PIC report; SA's flown from Wuhan
In today's news headlines: * The Johannesburg Stock Exchange lost almost 10% of its value, the worst crash since 1997; * Sasol has indicated that it would consider raising funds by selling additional shares and disposing of more assets amid growing concerns about its debt levels after the disastrous events…
WSJ What's News: US imposes EU travel ban, NBA suspends season plus Tom Hanks and wife contract coronavirus
President Donald Trump announced a temporary ban on some travel from Europe into the US, along with economic stimulus measures. From Europe, Noemie Bisserbe, Bojan Pancevski, and Margherita Stancati. Plus, the NBA suspends its season after a player tests positive for the coronavirus, and Tom Hanks and his wife are…
Business confidence, Sasol plunge; FlySafair wants Mango; Big Four break-up; Musk flies higher than Boeing
In today's business headlines: - South African business sentiment plunged to the lowest level in more than two decades in the first quarter and could weaken even further as the coronavirus hits the domestic and global economy; - It has been a week of steep drops for some emerging-market stocks,…
Bloomberg Businessweek: Google scrubs coronavirus misinformation, oil's "knife fight"
Dr. Amy Compton-Phillips, Chief Clinical Officer at Providence St. Joseph Health, discusses efforts to contain the coronavirus outbreak in the US which she says are being hampered by a lack of testing kits. Bloomberg News Technology Reporter Gerrit De Vynck explains how Google is blocking coronavirus ads and is pulling…
Ramaphosa victory over PP; Covid-19 - Harvard, top varsities go online; Italy shuts down; Assore leaps; Sasol sinks
In today's news headlines: * The Assore share price shot up more than 80% after the company, on the JSE since 1950, announced a share buy-back with a view to delisting the company; * Sasol continued plummeting, shedding more than 13% of its value on the JSE; * South Africa…
Asset management talent: Higher returns from newbies, than poached rock stars - Hlelo Giyose
Some of the highest paid employees are to be found in South Africa's asset management companies. The most talented investment professionals are routinely poached by competitors in a dog-eat-dog industry that sells the skills of its rock star fund managers. For Hlelo Giyose, Chief Investment Officer and Principal at First…
Chris Logan: Remember this simple plan to fix Eskom? Even Greenpeace thinks it's a winner
In 2018 energy experts Tobias Bischof-Niemz, of the CSIR, and Johan van den Berg, CEO of the South African Wind Energy Association, suggested "a simple way to stabilise electricity prices, cast off Eskom’s crippling debt and boost South Africa’s credit rating, while maintaining public sector control of critical assets in…
George Manyere tells Magnus Heystek: THIS is how Ecsponent will repay investors
Magnus Heystek is a household figure among South Africans with an interest in personal finance and investing. He has his name on a a string of personal finance books and has probed various investment scams over the years, ringing the alarm for the broader community. When he first encountered the…
Entrepreneur accelerator created 4,500 jobs in SA over two years - Alison Collier
There are many people with good or even genius ideas, but to transform that idea into a successful venture takes more than a couple of scribbles on a napkin. Even if one has built a prototype spaceship in their back yard, there's no guarantee that it will turn into a…
WSJ What's News: Oil, coronavirus fuel worldwide market selloff
The Dow falls more than 2,000 points, the biggest single day loss since 2008. The Wall Street Journal markets reporter Akane Otani explains the connection between Monday's steep oil price decline and the broad market selloff. WSJ's Alison Sider discusses the effect of coronavirus fears on the airline industry. JR…
Here's what coronavirus could cost SA travel, tourism, expert tells Alec Hogg
The coronavirus that erupted in Wuhan, China and has spread across the globe, most recently bringing Italy to a standstill, will hit South Africa hard. According to Jabulani Debedu, a consultant at BDO's tourism specialist unit, has tallied the costs of previous diseases that have knocked the tourism and travel…