'Despite the mayhem, our businesses have been v...
As is customary for a Monday, South Africa's favourite market commentator David Shapiro shares his pearls of wisdom on the BizNews Power Hour. David and BizNews founder Alec Hogg unpack many interesting topics, from the political landscape and way forward for South Africa to JSE-listed counters Naspers, Prosus and Tiger Brands.
17 min
1552
Charl Botha gesêls met Christiaan Bothma van Sa...
In my tweede gesprek met Christiaan Bothma van Sanlam Private Welvaart gesêls ons oor die steenkool sektor, en spesifiek twee SA steenkool spelers in die sektor, Exxaro en Thungela.
23 min
1553
BizNews Power Hour - 22 July. Viljoen co-host; ...
In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Piet Viljoen; Brenthurst's Magnus Heystek and Eunomix's Claude Baissac tell us where to now for SA; Elon Musk, Cathie Wood and Jack Dorsey talk Bitcoin; an open letter to the president breaks the internet and the BizNews Power Hour Team.
62 min
1554
Natural immunity vs vaccine-induced immunity: A...
Marc Girardot is a strategy consultant and a member of PANDA. Last month, BizNews published his article on natural immunity vs vaccine-induced immunity - ‘Should people who have recovered from COVID take a vaccine?’ - which has been read over 80,000 times. In this interview, Girardot talks extensively about the fallacies surrounding asymptomatic transmission and the waning immunity of those who have recovered from Covid-19. Having worked closely with cancer vaccines in Paris, Girardot had particularly interesting insights into the ‘vaccine race’. While Girardot believes that the vaccine is fantastic technology, he has some concerns.
36 min
1555
Enough already. The brutally honest Open Letter...
Foreigners often confuse “South African Speak” for rudeness or arrogance. A bit like the Dutch, people from the Southern Tip of Africa lack the diplomacy gene. They genuinely prefer straight and plain. Uncoded. Ever since the transition in 1994, however, much was left unsaid. For most, despite its record of idiotic economic policies, corruption and misgovernance, the ANC was given the benefit of the doubt. After the chaos of the past week, however, that generosity has disappeared and long suppressed anger uncorked. Because, in their hour of greatest need communities whose rates and taxes keep the national wheels rolling, were left to fend for themselves. Those they paid to protect them simply disappeared or stood idly by watching the methodical, fearless plundering. As a result many in the previously silent and mostly isolated majority have found each other – and their collective voice. Their ‘gatvol’ factor has scaled a new peak. This anonymously produced Open Letter to Cyril Ramaphosa captures the zeitgeist. It is circulating on social media to almost universal applause.
10 min
1556
Why SA needs an integrity commission - Paul Hof...
Paul Hoffman SC is with Accountability Now, an organisation which describes itself as being “devoted to ensuring the rule of law is upheld and enforced for the good of all by ensuring that governments, parastatals and the private sector are held to account.” The organisation has created a Chapter 9 institution. Hoffman explains what exactly a Chapter 9 institution is. “Traditionally, the way government’s are organised is like a three-legged pot. Legislature, executive and the judiciary. In SA, when we converted from parliamentary sovereignty to the constitutional democracy under the rule of law - that is currently in place, the founders thought that it would be proper to create a fourth leg on the pot which is the leg created by Chapter 9 of The Constitution. Chapter 9 is a reference to the chapter under which, at the moment, there are six institutions that, essentially, exist to bed down democracy.”
25 min
1557
Flash Briefing: PnP calls for urgent lifting of...
News headlines:
*Grocery retailer Pick n Pay's CEO Pieter Boone says the alcohol sales ban urgently needs to be lifted, especially in the aftermath of last week's widespread rioting and looting as many independent retailers won't survive if it goes on for much longer.
*The National Prosecuting Authority (NPA) has tasked senior prosecutors with driving cases against alleged instigators of the public violence and looting which began in KwaZulu-Natal and spread to Gauteng last week.
*With over 2.3 million Covid-19 infections, South Africa is the worst-hit country on the African continent. However, the country is also leading the way with regards to vaccinations.
2 min
1558
South Africa: Where to from here?
The recent looting and civil unrest in parts of South Africa has raised a number of concerns. Listen in on this excerpt from a BizNews webinar, featuring Brenthurst Wealth Management's Magnus Heystek and Claude Baissac of Eunomix. Together with Alec Hogg, the group concentrate on what to do with your money - and where to invest it. Here are the highlights.
9 min
1559
“I might pump, but I don’t dump” visionaries El...
In this fascinating discussion with three of the world's greatest visionaries - Elon Musk (founder of Tesla and SpaceX), Cathie Wood (founder of innovation lead asset management firm ARK Invest) and Jack Dorsey (founder of Twitter) lead conversation and dissect the uses and applications of Bitcoin in the real world. The B Word conference was established to 'demystify', 'de-stigmatise' and 'correct the mainstream narrative' around the cryptocurrency bitcoin and promote its institutional acceptance and use. Love them or hate them, this fascinating discussion is an eye opener into the world of blockchain.
65 min
1560
Magnus Heystek: How did SA get here, what needs...
Weekly, Magnus Heystek joins Alec Hogg as the BizNews Power Hour market commentator. Always full of insight, Heystek comments on the recent civil unrest in South Africa - and how it may affect your investments. Listen in on the in-depth conversation, with the Brenthurst founder speaking about the benefits of investing your money overseas. The former award-winning financial journalist notes that he sees Brenthurst clients as global citizens. "You cannot keep all your money in one country."
19 min
1561
'Ramaphosa's main challenge is to modernise Zum...
Jakkie Cilliers, founder of the Institute for Security Studies (ISS), is a well-known Africa analyst and the author of a groundbreaking book titled Fate of the Nation. The book, which President Cyril Ramaphosa reviewed as “Incisive, bold and sobering. A revealing forecast and a call to action” was written in 2017 and explored three alternative scenarios for the future of South Africa: the divided nation, ‘Bafana Bafana’ muddling along and Mandela magic. BizNews founder Alec Hogg spoke to Cilliers on the BizNews Power Hour to see whether these scenarios still hold true, particularly in light of the violent riots that spread through KwaZulu-Natal and parts of Gauteng last week. Cilliers believes that what we're looking at is a splintering of the ANC and that we face significant challenges in terms of a coordinated vision of ‘the security architecture’ of South Africa. President Ramaphosa’s biggest challenge, according to Cilliers, is modernising the ANC from the rural traditionalist party that it became under Jacob Zuma’s rule.
12 min
1562
BizNews Power Hour - 21 July. Heystek co-host; ...
In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Magnus Heystek on investing offshore being the best option; Opportune's Chris Logan on Karoooo's 100 million vehicle market; Dr Jakkie Cilliers weighs in on a divided ANC and the BizNews Power Hour Team.
60 min
1563
Tennis women’s wheelchair ace changing the narr...
A South African wheelchair tennis ace has made history at Wimbledon this year, when she made the finals the singles and doubles championships. She is Kgothatso (also known as KG Montjane), who has been praised in all quarters - including some of the old legends in tennis - for becoming the first black South African woman to reach the finals at Wimbledon. In the singles, she was beaten by Dutch tennis player, Diede de Groot. Montjane told BizNews about her epic run at Wimbledon, her next challenge (the Paralympics in Tokyo) and how she wants to change the narrative around funding for Paralympic athletes. We caught up with KG shortly after the match.
- Pictures courtesy of Reg Caldecott.
13 min
1564
Flash Briefing: Riots cost SA R50bn; Pfizer to ...
News headlines:
*A week of deadly riots in South Africa could cost the country about 50 billion rand ($3.4 billion) in lost output, while 150,000 jobs have been placed at risk, the Presidency said, citing estimates from the South African Property Owners Association.
*Pfizer Inc. said it reached an agreement to start production of its Covid-19 vaccine at a facility in Cape Town in an effort to deliver more than 100 million doses annually to African nations.
*A study found that Johnson & Johnson’s Covid-19 vaccine is much less effective against the delta and lambda variants than against the original virus, the New York Times reported.
2 min
1565
'The SA taxi industry is a force to be reckoned...
As the Head of Department for Economic Development at the uMgungundlovu District, the devastation that swept through Pietermaritzburg and its surrounds last week was even more acutely felt by James Martin than most. Describing the wreckage, Martin says the looted shops are now ‘black shells of nothing.’ Of particular significance is the way in which Martin describes the power harnessed by the taxi industry to protect and defend the businesses in and around Pietermaritzburg. An uplifting, albeit surprising, perspective shift of the taxi industry. Martin explains that there is a new layer of skills coming through across the South African taxi landscape, and that alongside this rising level of business acumen - there is a responsibility in the commercial environment.
30 min
1566
"We are all in SA to be part of the solution" -...
10X founder Steven Nathan is the BizNews regular Tuesday co-host on the Power Hour with the ex-fund manager upbeat about South Africa's prospects going forward after the events that unfolded last week. Nathan and BizNews founder Alec Hogg talk about rebuilding the economy after the national disaster, which will fuel further unemployment and inequality in an already unequal society. Nathan suggests that entrepreneurs will play a key part in restoring and creating jobs in order for the economy to get back on its feet.
22 min
1567
BizNews Power Hour - 20 July. Nathan co-host; C...
In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Steven Nathan; Moeletsi Mbheki shares his word of wisdom; James Martin, head of Economic Development at the uMgungundlovu (PMB) District Municipality on roles taxi associations played amid lootings; CEO of CemAir Miles Van Der Molen on flying relief supplies for free and the BizNews Power Hour Team.
60 min
1568
Touching lives at 30,000 ft - CemAir CEO on fly...
Miles van der Molen is the founder and chief executive of CemAir. As looting and civil unrest gripped the Gauteng and KwaZulu-Natal provinces, the aviation CEO (like many other selfless South Africans) took it upon himself to assist those in need, flying supplies to Durban in his own planes - and at his own cost. He joined BizNews founder Alec Hogg to discuss how CemAir helped when South Africa needed it most.
9 min
1569
Chris Logan on Karooooo's results and prospects
Opportune investments founder Chris Logan is one of the few analysts that cover Karooooo (formerly Cartrack) despite its incredible outperformance of the last few years. Chris is a massive fan of founder Zak Calisto and is optimistic of the company's prospects in the years ahead as it embarks on a global growth journey.
12 min
1570
Flash Briefing: Six alleged riot instigators ar...
News headlines:
*South African authorities arrested six people who allegedly instigated a week of rioting that claimed at least 215 lives and have charged them with inciting public violence.
*Jailed former president Jacob Zuma has won a short-term legal victory, which scores him three weeks until his next appearance in his arms deal criminal trial.
*Unrest has dealt a severe blow to investor confidence, the Durban Chamber of Commerce and Industry has warned as it engages with several companies seeking to divest from the province and possibly the country.
2 min
1571
Insurrection/Zulu mobilisation are 'ghosts' coo...
As South Africa slowly comes to terms with the widespread looting of the past week, there are many explanations given for why this has happened and who is behind it, with fingers pointing in every direction. Some have attributed it to Zulu or 'ethnic mobilisation' and an 'attempted insurrection'. However, political analyst Moeletsi Mbeki rejects these theories, saying they are ghosts that the ANC (and President Cyril Ramaphosa) pull out when the party is in trouble. Mbeki gives an interesting take on the matter and looks at where this could lead, the future of the ANC, and what he discusses with his brother, former President Thabo Mbeki.
22 min
1572
Charl Botha gesels met Christiaan Bothma van Sa...
In die potgooi het met Christiaan Bothma - aandele analis by Sanlam Private Welvaart - oor twee platinum aandele gesels, Royal Bafokeng en Northam.
25 min
1573
'Anarchy in SA poses no threat to EasyEquities ...
Last week’s anarchy left some BizNews community members wondering about the safety of their EasyEquities investments. To address these concerns, BizNews founder Alec Hogg went straight to the source and invited Charles Savage - Purple Group CEO and EasyEquities CEO and founder - to join the BizNews Power Hour. EasyEquities investors can breathe a sigh of relief, and with the number of the platform's customers having surpassed one million - it’s sure to be a collective sigh. Savage explains that with the ‘virtualisation’ of stock ownership - the civil unrest recently experienced in the country poses no risk to offshore investments and money invested with EasyEquities. Savage - a self-proclaimed ‘massive South African bull’ admits that last week ‘was the worst week in his life as a citizen of South Africa.’ While he maintains his belief that South Africa can have a great decade ahead and that the events of last week might be a tipping point for the unification of the country - he states that - if he were in his thirties - his thinking and decisions would be different.
22 min
1574
BizNews Power Hour - 19 July. Shapiro co-host; ...
In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; TreasuryONE's Andre Cilliers on foreign investors shying away from SA; Deputy Mayor Ian Neilson weighs in on Cape Town being placed in 'junk territory' by Moody's; Tekkie Town's Bernard Mostert shares his thoughts on the latest Steinhoff settlement; Charles Savage of Purple Group on offshore investments if anarchy wins in SA and the BizNews Power Hour Team.
61 min
1575
Flash Briefing: Destruction in wake of violent ...
News headlines:
*An uneasy calm prevailed across most of South Africa’s KwaZulu-Natal and Gauteng provinces as key roads reopened and clean-up operations began in earnest on Friday following some of the most violent protests the country has ever seen.
*A week of deadly protests in South Africa has given impetus to proposals that the government pay out cash stipends to address the high levels of poverty and inequality that fueled the unrest.
*An investigation by The Guardian has revealed that Raees and Ameer Cajee, the brothers who founded cryptocurrency investment scheme Africrypt, bought citizenship from the Pacific island nation of Vanuatu.