Denker Capital’s Kokkie Kooyman, an expert banking analyst and one of South Africa’s top investment specialists, joined the BizNews Power Hour to weigh in on the repercussions of the events that transpired in the last month. Kooyman delivered some valuable insights and bittersweet news regarding the burden that state-owned insurer Sasria now carries as a consequence of the deadly riots and widespread looting that occurred in KwaZulu-Natal and parts of Gauteng in early July. Kooyman, who has substantial experience with Chinese banks, also weighed in on the intensifying crackdown by Chinese authorities on tech companies.
18 min
1502
BizNews Power Hour - 5 Aug 2021. Shapiro co-hos...
In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; IRR's new CEO Dr John Endres on China showing capitalism who the boss is; Denker Capital's Kokkie Kooyman on Nedbank's trading statement and how the week of shame may hit insurance companies; and the BizNews Power Hour team.
59 min
1503
Flash Briefing: Deputy President Mabuza is back...
News headlines:
*Deputy President David Mabuza is back in the country after his trip to Russia where he sought medical treatment.
*Eskom Holdings SOC Ltd. is in talks to raise about R33 billion from at least five development finance institutions to help fund its partial exit from coal-fired power generation.
*South Africa’s R350 social relief grants will start rolling out by month-end, social development minister Lindiwe Zulu has announced, with applications opening this Friday.
2 min
1504
"We need to roll out the red carpet to investme...
Seasoned analyst and market commentator David Shapiro of Sasfin joins the BizNews Power Hour as co-host for another interesting discussion on movements in the market. Speaking from New York, Shapiro gives insight into how Covid has battered tourism and the retail market in the US, while residential property prices are on the rise. He also cautions against the Chinese government's unpredictability and sheds light on how the anarchy in South Africa could affect tourism and emigration.
27 min
1505
Facebook: The Investment Case
Paul Whitburn of Rozendal Partners unpacks the investment case for Facebook with BizNews contributor Charl Botha.
25 min
1506
"China is not a country governed by the rule of...
The Institute of Race Relations John Endres sits down with BizNews founder Alec Hogg to discuss the craziness happening in Beijing as communist China looks to take control of a booming economy. The regulatory crackdown in China is predominately on Big Tech and educational companies that operate within the informational space. The Chinese communist party are afraid that these companies will create a narrative of questioning its regime, which are the reasons for the asserting of its dominance. What will happen next is anyone's guess, but Endres insists that these are not good signs for capitalist China going forward.
18 min
1507
What's being pushed now is totally unnecessary ...
Bernard Tuffin of Family Action South Africa joined the BizNews Power Hour to discuss Expropriation without Compensation (EWC) and land reform. According to its website, Family South Africa is "an organisation of lay Catholics concerned about the moral crisis shaking the foundations of our societies." Tuffin explains why this nonprofit - which draws inspiration from the doctrines of the Catholic Church - is concerned about EWC and why the terms 'EWC' and 'custodianship' should have us all shaking in our boots.
13 min
1508
BizNews Power Hour - 4 Aug 2021. Viljoen co-hos...
In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Piet Viljoen; Family Action South Africa's Bernard Tuffin expands EWC and custodianship; Dr Duncan Carmichael addresses concerns that many have had regarding the Covid-19 vaccine and the BizNews Power Hour team celebrates turning 8 years old. Happy birthday team.
60 min
1509
'Tencent has a huge effect on South African ret...
Value fund manager and regular BizNews co-host Piet Viljoen voices his reasoning for ringing the alarm bells on Tencent as the Chinese government and regulatory authorities continue to clamp down on Big Tech and related industries. Piet unpacks what this means for South African savers and investors, with Naspers and Prosus disproportionate weighting on the JSE All Share Index and their poor performance over the past twelve months. Piet and BizNews founder Alec Hogg also touch on the topics of an imminent cabinet reshuffle and whether EWC is a possible reality in time to come.
13 min
1510
Covid-19 vaccination – yes or no? Dr Duncan Car...
The subject of Covid-19 vaccination has become so acutely sensitive that media publications which have published articles which simply explore its efficacy have been slammed for irresponsible journalism. Professionals from all over the world – both medical and otherwise – have understandably been drawn to the subject, with many offering their own contributions to assist the public in understanding the benefits and risks of Covid-19 vaccination. Dr Duncan Carmichael is a BizNews community member who decided to write his own article on the topic after reading a ‘disappointingly one-sided’ article about the Covid-19 vaccine rollout which asserts that we should all get vaccinated. Dr Carmichael – who is the author of Younger for Longer – addresses the very real concerns that many of us have had regarding the Covid-19 vaccine and its speedy delivery to the market. As a medical doctor, he has had to field questions from many of his patients on whether or not they should get the vaccine. While he does not believe in vaccine passports or mandatory Covid-19 vaccination, his answer to this question is yes. In this interview, Dr Carmichael discusses Covid-19 vaccination as well as alternative treatment to assist the immune system.
9 min
1511
Flash Briefing: Third wave shifts to Cpt; IEC p...
News headlines:
*The epicenter of a third wave of coronavirus cases in South Africa that’s being driven by the highly infectious delta variant has shifted from the economic hub of Gauteng to Cape Town and the surrounding Western Cape province, where hospitals are at risk of being overwhelmed.
*South Africa’s Independent Electoral Commission may file an application with the Constitutional Court on Wednesday to delay a municipal vote due in October.
*Former president Jacob Zuma will leave Estcourt prison next Tuesday to attend court in Pietermaritzburg over four days, and family members, political leaders and supporters are likely to gather outside to show their support.
2 min
1512
"The Chinese government is speaking to the mark...
Brenthurst Wealth Management's Magnus Heystek sits down with BizNews founder Alec Hogg as our regular market co-host to delve into the complexities of what is happening in China, as well as touching on the issue of Cape Independence. Magnus being an investment strategist has been flooded with questions from his clients, who have benefitted from his bullish stance on offshore equities over the past 10 years, questioning what they should do with their Naspers and Prosus holdings. Magnus admits him, or even the shrewdest of money managers would be able to predict what's coming next from the Chinese government, given their hostile and unpredictable nature. Magnus also provides insights on the semigration trends towards the broader Western Cape region.
In June, the possibility of Cape independence becoming a reality once day was said to depend largely on growing levels of dissatisfaction amongst the residents of the Western Cape in the state of South Africa. The deadly riots and looting that shook the country, which took place in KwaZulu-Natal and parts of Gauteng in July, certainly strengthened the resolve of those who support Cape independence. As Patrick Melly of the Greater Cape Town Civic Alliance states in his interview with BizNews founder Alec Hogg, ‘The feeling is that the riots that occurred last month are just a precursor to worse [events] that are still to come.’ When asked about the logistics of the Western Cape seceding from the rest of South Africa, Melly says that, ‘If the DA wants to maintain relevance in the Western Cape, it is going to have to start listening to the wishes of their supporters and all indications are that the bulk of their supporters at the moment are in favour of Cape independence.’
23 min
1514
BizNews Power Hour - 3 Aug 2021. Magnus Heystek...
In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Magnus Heystek; Capitec CEO Gerrie Fourie expands on the group's loyalty program and how the riots impacted the bank; Curro's earnings with analyst Anthony Clark and why ADvTECH is better; the Western Cape seems to be on the independent track from RSA - Patrick Melly explains; and the BizNews Power Hour team.
60 min
1515
Curro is a good company but Advtech is better -...
Veteran JSE small and mid cap analyst Anthony Clark, better known on social media as Small Talk Daily, dissects higher education provider Curro's earnings guidance announced this morning. Clark has vast experience in the education sector, having covered Curro, Advtech and Stadio since their respective listings. His understanding of Curro's business model is truly fascinating and gives great detail into the company's offering and runway. Clark remains bullish on the stock, despite Advtech being his chosen share in the sector.
15 min
1516
Capitec CEO tells of banking benefits, damage s...
Gerrie Fourie is the chief executive of Capitec Bank. The CEO joined BizNews founder Alec Hogg to discuss the acceleration of Capitec's loyalty program. "What we're doing is bringing out a benefits program. We've created a separate savings account which we call Live Better - all the money that you earn from the benefits, go into your savings account. You earn extra interest rates on that." The head of Capitec says they've signed up about1.6 million clients in 2-3 weeks." Fourie also weighs in on the recent civil unrest that gripped KZN and Gauteng, discussing the damage to various Capitec branches and ATMs.
22 min
1517
Flash Briefing: New contenders emerge in cabine...
News headlines:
*New names have emerged as candidates for the cabinet as President Cyril Ramaphosa continues consultations to shore up his executive.
*Eskom said it’s seeking to appoint advisors on how to restructure itself into three separate units, a reorganisation that was proposed to let it better deal with an untenable debt burden.
*The National Prosecuting Authority (NPA) has raised alarm about former president Jacob Zuma's latest bid for a corruption trial acquittal being heard in court, weeks after his imprisonment for contempt of court was followed by unrest that left hundreds of people dead and cost billions of rands in damage.
2 min
1518
"SA lacks a proactive monetary policy to help t...
10X founder Steven Nathan shares his pearls of wisdom on a number of topical issues in the financial markets with a global house price being experienced in a number of jurisdictions around the world. He elaborates on why this may be the case and reasons for South African property prices lagging our global peers on a relative basis. Nathan also touches on the top job done by central banks around the world, keeping interest rates low in order to revive the global economy following the onset of Covid-19. After the events over the weekend, property rights and expropriation without compensation were other topics touched on.
14 min
1519
BizNews Power Hour - 2 Aug 2021. Nathan co-host...
In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Steven Nathan; the ANC and EFF do battle over expropriation of land without compensation, the IRR's Terence Corrigan joins the debate; Willem Petzer, the leader of Taxpayers’ Union of South Africa looks to defeat taxpayer abuse in RSA; David Gemmel visits the homeless with warmth and the BizNews Power Hour Team.
News headlines:
*The ANC’s aim to amend section 25 of the constitution to allow for land expropriation without compensation may have been torpedoed by the EFF over a disagreement on who would ultimately own any commandeered assets.
*Eskom Holdings SOC Ltd. Chief Executive Officer Andre de Ruyter laid out a funding plan to help the company, which generates the bulk of South Africa’s power from coal, transition away from the use of the dirtiest fossil fuel.
*An index measuring South African factory sentiment plunged by a record in July, after a week of deadly riots, looting and arson disrupted supply chains, industrial output and demand for manufactured goods.
2 min
1521
EFF vs ANC with land expropriation without comp...
Institute of Race Relations Terence Corrigan sits down with BizNews founder Alec Hogg to unpack all things expropriation without compensation as the EFF has backtracked in its support to amend Section 25 of the constitution allowing for land expropriation without compensation. The ANC need the EFF's support in order to gain enough votes to rack up a two-thirds majority with the ANC stating that they will now fight this battle alone.
17 min
1522
Willem Petzer: Getting SA to fight back against...
Willem Petzer is an activist who has put together the Taxpayers’ Union of South Africa. The organisation aims to fight back against the abuse of taxpayer money. With the recent events that took place in KZN and Gauteng, Petzer tells BizNews founder Alec Hogg that myriad new members joined during the time of civil unrest. “People are tired of paying tax to an incompetent government that wastes tax money via corruption and mismanagement.” Petzer tells BizNews about what the organisation has been working on. “There is a way that businesses and employees can work together in order to pay as little tax as possible.”
11 min
1523
Charl Botha gesels met Henk Kotze van Prescient...
In hierdie potgooi het ek met met Henk Kotze - bestuurder van die Prescient Income Provider Fund - oor vaste rentedraende effekte gesels.
28 min
1524
BizNews Power Hour - 29 July. Piet Viljoen co-h...
In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Piet Viljoen; the AltVest directors Warren Wheatley, Rob Hersov and Koshiek Karan; Ranmore's Sean Peche on Chinese dragons and Russian bears; Transet troubles with Francois Nortje and the BizNews Power Hour Team.
60 min
1525
Sean Peche rings the alarm bells in China - yet...
Ranmore Fund Management founder Sean Peche gave fair warning on the risks inherent in investing in Chinese companies on the BizNews Power Hour a few weeks ago. Since then, many of the most powerful businesses in China have been subject to ongoing scrutiny from the regulatory authorities, as the Chinese communist state seems to trying to grab some control back from Big Tech names such as Alibaba and Tencent.