BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
What's News: Coronavirus surpasses bleak milestone; and why US dollar is rallying
The new coronavirus outbreak's death toll surpassed the total people who died as a result of SARS in 2002-2003. Stu Woo has the latest from Beijing. Plus, Andrew Jeong on Parasite's surprise best picture win at the Oscars last night and Mike Bird on why the dollar is rallying. The…
Eskom tariff hike defeat, debt plan rubbished; Angola targets Dos Santos assets; Facebook, Huawei
In today's business news headlines: * Eskom loses court battle to dramatically hike electricity tariffs; * Analysts rubbish a proposal by trade union group Cosatu to use government employee pensions to take over about half of Eskom’s debt pile; * Angolan president takes hard line on state capture by Isabel…
National Prosecution Authority is getting back on track – Bernard Hotz
Johan van Loggerenberg, the former Group Executive Head of the South African Revenue Service has spoken about the toll that he had to carry with the ‘rogue unit’ label. Not only did he lose his job, but the charges against him, SARS Deputy Commissioner Ivan Pillay and Andries Janse van…
SAA Pilot's leader: Appoint experienced CEO and we'll repeat ANZ's turnaround
Captain Grant Back, experienced flyboy and chairman of the SAA Pilot's Association, is convinced the national airline can replicate the turnaround achieved by Air New Zealand, which was revived from dumpster into among the world's most successful. He believes the key lies in the appointment of an experienced and knowledgeable…
Why David Shapiro is nervous about Tesla, Coronavirus and (sigh) Cyril's SONA
David Shapiro, South Africa's original "raging bull", has turned cautious on the big stories of the moment. He explains why in the latest episode of Rational Radio where he likens Tesla to a fan club rather than an investment opportunity; cautions investors to tread warily while there is still so…
David vs Goliath: Dept of Agric-supported counterfeiters messing with wrong lady
A story of exposing skullduggery of the worst kind - where a patented and design protected product owned by a small business has been counterfeited by tenderpreneurs and knowingly purchased by the South African State. But in Groenvoer's co-owner Cathy Khoury-Prinsloo, the crooks are messing with the wrong person. She…
What's News: Uber's $8.5bn loss ignites share price; coronavirus whistleblower's death sparks anger
Li Wenliang became a folk hero in China for his early warnings about the dangers of the new coronavirus - his death from the disease has sparked outrage in China. The Wall Street Journal's deputy China bureau chief Josh Chin has more. Plus, Uber's shares rise despite another billion-dollar loss…
SAA cuts defended; Cosatu wants prescribed assets; SA high corona risk; Arms sales re-ignited; Stage 1 loadshedding
In today's business headlines: - The administrators for SAA have defended their decision to cut routes as part of a turnaround plan after objections from President Cyril Ramaphosa, the government and labour unions saying they intend to make the airline commercially and operationally sustainable; - Cosatu has recommended that at…
Google’s weak results – vindication for our global portfolio?
In January 2019, Alphabet – the parent company of Google – was dropped from the Biznews global portfolio after delivering returns of over 100% in four years. Since the global portfolio sold the share at $1,091, it has risen to just under $1,480. But as the latest results illustrate, the…
When life gives you lymphoma, make collagen and turn it into a business – Catherine Clark
It is not uncommon for people who are going through a life threatening disease like cancer or even a major emotional upheaval, to consider changing their lives and their diets drastically. There is also with greater awareness of what we are doing to our planet a big shift to a…
Why internationally acclaimed Pulpit activist Peter Storey frets for today's SA
The best interviews are often those where listeners have a sense of eavesdropping in on an interesting conversation. That's the feeling you're sure to get from this podcast featuring anti-apartheid icon Peter Storey focusing on his newly published book, I Beg To Differ. Storey is as forthright now as when…
SAA scraps flights; SA Express business rescue; Business confidence in pre ‘94 hole; Denel; cheap SA shares
In today's business headlines: * SAA, which entered a form of bankruptcy protection in December, will scale back some of its domestic and international routes from the end of February * The Johannesburg High Court has ruled that another state-owned airline SA Express should be placed into business rescue, but…
P&L podcast: More on streaming wars; Drinking water crisis; Vanguard into PE
Porter Bibb, Managing Partner for MediaTech Capital Partners, discusses Disney results, the streaming wars, and why to pay attention to Quibi. Author and activist Seth Siegel discusses his latest book, "Troubled Water: What’s Wrong with What We Drink," and how utility consolidation may solve the drinking water crisis. Eric Balchunas,…
Global explosion in the use of wellness dagga products
Adam Grossman, founder and CEO of Papa & Barkley, on cannabis wellness products, and why companies need higher production standards. The interview was conducted by Lisa Abramowicz and Paul Sweeney on Bloomberg's P&L podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices
Ramaphosa nod for PIC funds for Eskom; Who owes Eskom the most?; Deeper job cuts at SAA; Tesla mania cools; Pepco
In today's business headlines: - President Cyril Ramaphosa is “favourably disposed” to a proposal by Cosatu to use funds from the Public Investment Corporation to reduce Eskom’s debt, his spokeswoman Khusela Diko told Reuters yesterday. It follows after Cosatu proposed a package of rescue measures for Eskom and the cornerstone…
P&L: Streaming wars and how the digital economy brought down the newspaper house
In this episode of P&L with Paul Sweeney and Lisa Abramowicz, Terence Kawaja, founder and CEO of Luma Partners Investment Banking on how the streaming wars are set to peak in 2020. Plus John John Chachas, managing partner at Methuselah Advisors talks about the destruction of the newspaper industry by…
Judge wants proof of Zuma illness: Arrest warrant; Steinhoff skyrockets; Edcon sells CNA
In today's business news headlines: * A judge is set to have former president Jacob Zuma arrested for failing to show up in court on grounds of illness; his lawyer will have to prove he is really sick; * The Steinhoff share price skyrocketed, gaining nearly 50%, on news a…
P&L: China sell-off offers a buying opportunity plus luxury goods, counterfeiting and Amazon
Brendan Ahern, chief investment officer at KraneShares, on China shares sinking and whether it's a buying opportunity. Plus a look at how luxury goods are impacted by counterfeiting at Amazon and other online retailers. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dagga tax will boost economy - Tito; miners' investor misery; Tongaat reels
In today's business news headlines: * Finance minister Tito Mboweni is convinced that dagga can be used to generate billions in tax to plug a hole in government finances; * Miners tell how world's investors are shunning 'dirty' stocks for green-focused companies, cannabis stocks and cryptocurrency bets; * Miners warn…
Francois Nortjé: R10bn Port of Gauteng has potential to make Portia Derby's year
The word port is usually associated with the coast and the sea, but developer Francois Nortjé has chosen the name port for his new ‘Distribution Junxion’, which according to his website, will become a ground breaking inland port that sits on the entry and exit points for imports into and exports…