"In a way we did bet the farm" Froneman on the ...
CEO of Sibanye-Stillwater Neal Froneman - joined BizNews Power Hour, sharing his thoughts on the robust fundamentals driving the precious-group metals ("PGMs") prices and the outlook for the commodity counter. Froneman's interests are aligned with shareholders given his substantial shareholding in the business.
13 min
1877
FSCA with egg on its face as OVEX gets the gree...
South Africa's financial markets watchdog, the Financial Services Conduct Authority ("FSCA") has made a rather embarrassing account for themselves in the last 24 hours. Yesterday morning, a statement was issued that cryptocurrency trading platform OVEX was improperly conducting business without necessary authorisation. Within a matter of hours, the statement was retracted. CEO of OVEX, Jon Ovadia, was part of last night's BizNews Power Hour to clear the air. Just as businesses and individuals get fined by the market watchdog for improper conduct, such as insider trading or collusion, the FSCA should be fined in this case. Its caused unnecessary legacy issues for OVEX and makes investors skittish
10 min
1878
Groot prentjie belegging met Drikus Combrink
In hierdie potgooi gesels ons met Drikus Combrink van Capicraft. Drikus het n baie interessant groot-prentjie benadering tot beleggings, en ons gesels oor inflasie, die ekonomie, die geskiedenis, die politiek, en hoe hy sy kliënte se portefeuljes posisioneer gegewe al die faktore.
23 min
1879
Wall Street analysts bullish on Karooooo, Cartr...
Global analysts expect massive growth in the vehicle tracking industry in the next five years, with a major market report noting that investors haven’t yet cottoned on to the huge growth in this sector - partly because they don’t understand it. This week, excitement among Wall Street analysts was palpable at a presentation by Karooooo CEO and founder Zak Calisto, his first after the company listed on the Nasdaq last month. Smarteranalyst.com reports that Karooooo is tipped as a 'strong buy' among top analysts in the United States. Karooooo, which owns Cartrack, is a South African business success story, adding about 60% new subscribers in the fourth quarter to February 28 2021. In this interview with Jackie Cameron of BizNews, Calisto shares why the company is confident it is going to continue to scale up and grab market share across the globe. South African tech entrepreneur Calisto was speaking to Cameron from his headquarters in Singapore. Karooooo has a secondary listing on the Johannesburg stock exchange.
13 min
1880
BPH: Jean-Pierre co-host; Theuns Du Buisson; Jo...
In this episode of the BizNews Power Hour, Alec Hogg is joined by Jean-Pierre Verster as co-host, Theus Du Buisson, Solidarity Research Institute: Economics Researcher on the relationship between SA and Cuba. Jon Ovadia, CEO of OVEX on the FSCA announcing that the group is not regulated to give financial advice, Neal Froneman, CEO of Sibanye Stillwater on the bumper quarter 1 update and Kevin Wakeford, whistleblower at the Zondo commission.
60 min
1881
Flash Briefing: Ramaphosa 'shocked' by Magashul...
* ANC President Cyril Ramaphosa is shocked and dismayed by a letter from ANC secretary general Ace Magashule who made an unauthorised attempt to suspend Ramaphosa as party president, says Eyewitness News.
* Eskom doesn’t want to buy electricity from the company that won most of a government emergency-power tender because it’s concerned about the cost and length of the contract, says Bloomberg.
* Zimbabwe plans to list a bond on the local exchange for the first time in 20 years to raise funds for the expansion and upgrade of a main highway that links the country to its largest trading partner, South Africa.
* Seychelles, which has fully vaccinated more of its population against the coronavirus than any other country, has closed schools and canceled sporting activities for two weeks as infections surge.
* South African miner Sibanye-Stillwater on Thursday posted a 78% increase in first-quarter core profit, driven by higher metals prices and improved operational performance, reports Bloomberg.
3 min
1882
Magnus Heystek on commodity super-cycle; Counte...
Revego Africa Energy, which is looking to invest in renewable energy projects, will not be listing on the JSE. Magnus Heystek of Brenthurst Wealth Management was on the BizNews Power Hour to share his wisdom on commodity super-cycle and Counterpoint Value Fund, he said the excitement on emerging markets has died down.
The High Court in Johannesburg has issued an order to seize assets worth R1.4bn of Eskom executives found guilty of corruption. Spokesperson Sikonathi Mantshantsha joined the BizNews Power Hour. He's confident in the leadership of Eskom as they have the best interest of South Africans at heart but says the turnaround is under attack.
14 min
1884
Cemair's Miles van der Molen says Mango's R800m...
SAA and Mango have been bailed out with taxpayer money... again. Is this fair competition for others? The CEO of Cemair - Miles Van Der Molen - joined the BizNews Power Hour to share what it's like to be in the midst of this saga. Miles also said he could build a new, impressive airline with the R800m that is going into Mango.
10 min
1885
Panda's Nick Hudson on whirlwind global tour, a...
The ugly truth about Covid-19 and lockdowns video of Nick Hudson almost broke the internet over a month ago when BizNews published it on YouTube. It was subsequently banned after topping half a million views, attracting all sorts of attention, and walks of life. Nick made it on international news off the back of it and today stands defending the Panda name, as well as his. Hudson spent a good 25 minutes with BizNews founder Alec Hogg, quelling the 'anti-vaxxer' rumour, telling tales of the past few weeks whirlwind and touching on the much anticipated third Covid-19 wave.
23 min
1886
BPH: Magnus Heystek co-host; CemAir CEO on SAA ...
In this episode of the BizNews Power Hour, Alec Hogg is joined by Magnus Heystek as co-host, CEO of CemAir Miles van der Molen on latest SAA bailouts, Sikonathi Mantshasha on Eskom corruption scandals, Reyburn Hendricks CEO of Revego Africa on its cancelled listing and the BizNews team.
Carrie Adams chats to Mike Ratcliffe, a co-founder and Managing partner of Vilafonte Wines. However, in this podcast, our wine expert chats to him in his capacity as chairperson of the Stellenbosch Wine Route - which turns 50 this year.
27 min
1888
Flash Briefing: Ace suspended, Zuma could be ne...
* The ANC is suspending its secretary-general - albeit temporarily - and may also do the same to former president Jacob Zuma in connection with their corruption cases, reports Bloomberg.
* South African Revenue Service commissioner Edward Kieswetter has promised zero tolerance against tax-dodgers, telling Parliament on Wednesday that the revenue service would act without fear or favour against any individual or entity that did not meet their tax obligations. That’s according to Gaye Davis of Eyewitness News.
* New coronavirus variants have proliferated across southern and eastern Africa, exacerbating the challenge of bringing the pandemic under control, analysis of the genomics data shows.
* A strain first detected in South Africa late last year is “completely dominating all infection in southern Africa and seems to be entering East Africa,” said Tulio de Oliveira, director of Krisp, a genomics institute in Durban.
* MTN Group Ltd. is making progress toward separating the company’s financial-technology business and dispose of South African towers as the continent’s largest wireless carrier works on slimming down.
* An independent panel says Facebook must decide soon whether former president Donald Trump is permanently locked out of the platform, reports BizNews Premium partner The Wall Street Journal.
3 min
1889
Charles Savage - CEO of Purple Group on retail ...
Buffett as Chairman and CEO and Munger as Vice Chairman, the two have run holding company Berkshire Hathaway together since 1978. They have been sharing wisdom on investments and stocks recently, with some positive and negative feedback on the socials. One man who loved the duo's speech is Charles Savage - the CEO of Purple Group - he joined in the BizNews Power Hour to speak on retail traders fighting back against Buffet and Munger.
15 min
1890
Chris Yelland, Paul O'Sullivan on court order f...
Chris Yelland joined the BizNews Power Hour team to speak on a court order freezing R1.4bn in assets of former Eskom executives and contractors. He said that the Eskom saga is not going to be put to rest anytime soon, the media will keep reporting on it.
7 min
1891
Andrea Taverna-Turisan - CEO of Equites - on in...
Andrea Taverna-Turisan is the CEO of Equites Property Fund, he joined the BizNews Power Hour to chat about their financial results, and bucking the property market trend. Andrea said he came to SA as a commercial property broker, but because of being well travelled he has a global perspective of growth areas in the property sector.
11 min
1892
BPH: Steven Nathan co-host; Equites Property Fu...
In this episode of the BizNews Power Hour, Alec Hogg is joined by Steven Nathan as co-host, CEO of Equites Property Fund Andrea Taverna-Turisan, Chris Yelland and Paul O'Sullivan on Eskom executives corruption saga, Charles Savage boxing for the retail traders vs Buffet and Munger, Kokkie Kooyman on Greg Abel being Buffet's successor and the BizNews team.
62 min
1893
Flash Briefing: ANC in tax-dodging scandal; abo...
* At least three in every 10 South Africans have already had Coronavirus, studies show.
* The ANC is possibly guilty of criminal offences in failing to pay over millions in Pay-As-You-Earn tax to the South African Revenue Service, while deducting this money from its employees’ wages, says the opposition Democratic Alliance.
* ActionSA, a new opposition party, has lifted the lid on yet another corruption scandal involving Edwin Sodi - linked to ANC Secretary General Ace Magashule in the Free State Asbestos scandal.
* The ANC will send suspension letters to party members who refuse to step aside, according to reports.
* Rhino poaching is on the increase, particularly in the Kruger National Park.
3 min
1894
From hedge fund manager to chairman of Lincoln ...
Clive Nates is a retired South African hedge fund manager now living the dream of being actively involved in English football. Nates said he has always loved the sport from childhood days, he joined the BizNews Power Hour to discuss the finances behind running a football club and where the team is now.
In this episode of the BizNews Power Hour, Alec Hogg is joined by David Shapiro as co-host, Warren Buffet and Charlie Munger, Clive Nates on Lincoln City's capital raise, Aldworth Mbalati on the energy corruption saga, Stephen Buchanan-Clarke on Mozambique and the BizNews team.
60 min
1896
Flash Briefing: Covid-19 vaccine blow for SA; c...
* South Africa said a delivery of 1.1 million Johnson & Johnson coronavirus vaccines has been delayed pending further safety checks, the latest blow to the country’s stop-start inoculation program.
* The South African Rand faces a potentially big week with a US employment report and Moody’s country rating review expected on Friday., says Reuters.
* BizNews Premium partner The Wall Street Journal says The NFT craze has put Ethereum—the blockchain-based computer network that backs it—on the map again.
3 min
1897
Expect the rand to stay stronger, for longer - ...
At the start of the weekend, the rand lost some ground against the US dollar, with better-than-expected GDP numbers from the world's largest economy. TreasuryONE currency strategist Andre Cilliers explains that the US dollar was clawing back some of the past week's losses. He explains why - unlike some other analysts - he does not believe a Moody's country report on South Africa at the end of this week will be bad news for the rand. He was speaking to Jackie Cameron of BizNews, on the weekly BizNews Currency Focus podcast.
* This podcast is proudly brought to you by Treasury ONE “South Africa’s leading treasury solutions company that unlocks financial value for your business”
11 min
1898
Carly Barnes of EasyEquities on JSE/US price ac...
Carly Barnes - Relationship Manager at EasyEquities - Joined the BizNews Power Hour to chat about the performance of stocks for the past month. Carly said the Purple Group is the second most bought stock in, Sasol being at number one. Sasol released a trading statement recently expecting earnings to up by 20%.
10 min
1899
Kokkie Kooyman on Remgro selling 40m shares of ...
First Rand's share price dropped 4% to R51 a share on Friday. Kokkie Kooyman, a banking analyst at Denker Capital, joined the BizNews Power Hour to share his analysis and said it is not a requirement to announce these changes as it is fairly a small transaction.
7 min
1900
Invest your 12J tax saving where airline entrep...
Time is running out to take advantage of a rare tax deduction that allows you to chop your income tax bill - in exchange for investing in a South African venture capital company. In this interview, you'll hear from South African entrepreneur Gidon Novick, who started Kulula and Lift, about a 12J fund that is developing upmarket retirement homes in Johannesburg and Cape Town. He has his own money in the fund. After you've listened to the interview, go to the BizNews.com 12J section for full details and to register your interest in the investment.