Best of 2021: ‘We want to build the Lanseria Airport of Cape Town’, says Rob Hersov

Loading player...
His outspoken views on the South African government and what needs to change made him a fan favourite with the BizNews community. Rob Hersov – who has worked with Rupert Murdoch and Johann Rupert – joined the BizNews Power Hour to discuss his exciting African Gold SPAC.
According to Bloomberg, the SPAC is targeting gold assets on the African continent and ‘raised a more-than-expected $360m ahead of a listing in New York on Friday. The 60-year old businessman joked that his mining magnate father – Basil Hersov – laughed when he was told about his son’s latest business endeavour.
‘He really burst out laughing when I told him what I was doing. He said, ‘you’ve tried everything in your career to avoid getting into the mining industry and here you are, aged 60. He thought it was so funny.’
In a BizNews exclusive, Hersov also revealed that he has purchased an airport in the Western Cape. Fisantekraal Airport – located just 13 km away from Durbanville – was built in 1943 by the British, says Hersov, and has four runways. ‘We want to build the Lanseria Airport of Cape Town. We’re renaming it Cape Winelands Airport.’
Hersov is no stranger to the aviation industry, founding Marquis Jet Europe – which he later sold to Warren Buffett.
‘Buffett called me in 2004 and said, ‘I’m buying your business’, said Hersov to Alec Hogg in an interview last year. Learn more about your ad choices. Visit megaphone.fm/adchoices
29 Dec 2021 11AM English South Africa Investing · Business News

Other recent episodes

Joburg whistleblower: Looters should be charged with terrorism

In this interview with Chris Steyn, City of Johannesburg whistleblower Stephanus Fourie warns that a new administration will not be able to root out entrenched mismanagement and corruption without drastic action. “Unless you catch the criminals and you lock them up and you take back everything that they've taken from…
26 Oct 6AM 26 min

BN Edge | CEO Sean Summers: Pick n Pay's long road back from the brink

Three years ago, Sean Summers said, the talk at South African braais was whether Pick n Pay would survive at all. On results day, with the supermarket business still losing R516 million in six months and break-even pushed out to 2029, he told Alec Hogg why he wasn't in a…
26 Oct 7AM 31 min