Carrie's Corner: Andrea Mullineux, internationa...
At the inaugural BizNews Investment Conference, wine expert Carrie Adams was on-hand to entertain and educate delegates about wine and all that goes with it. One of the wines that was showcased was Andrea Mullineux's Kloof Street Chenin Blanc. Award-winning Andrea joined the BizNews Power Hour, chatting to Adams about their gorgeous selection of wines, produced in the Swartland.
11 min
2052
Looking back on the BizNews Investment Conference
Head of Commercial at BizNews, Clive Eksteen, shared snippets from the BizNews Investment Conference with Power Hour host Jackie Cameron. The conference - which took place at the gorgeous Champagne Sports Resort in the Drakensberg - had a number of exciting and influential speakers, including Piet Viljoen, Herman Mashaba, Charles Savage and more.
3 min
2053
Carrie's Corner: SA will always be our primary ...
After serving as CEO of Rupert & Rothschild Vignerons, Schalk-Willem Joubert took over the reigns at Pink Valley. The farm is unique, in that it's the only farm in the Cape that just makes rosé. Joubert sits down with resident wine expert Carrie Adams to talk about what's happening in the wine industry.
23 min
2054
BPH: Festive Friday with Derrick Carolin, Dr Se...
In this episode of the BizNews Power Hour, host Jackie Cameron is joined by CEO and Founder of Crayon Derrick Carolin, CEO of the South African health product regulatory authority Dr Semete-Makokotlela, Wine guru Carrie Adams and the BizNews team.
60 min
2055
Drive Time with Jarryd Neves: Volvo XC40 T5 AWD...
BizNews journalist Jarryd Neves shares his thoughts on the stylish Volvo XC40 T5 AWD R-Design, a midsized luxury offering that does everything you can expect of a premium SUV, but goes one step further. 'The wonderful interior, elegant styling and "want-one" factor makes it an object of desire'.
5 min
2056
There's still insufficient data for us to autho...
Earlier this week, the African Christian Democratic Party announced that it had achieved a legal victory in the fight to secure wide-spread use of ivermectin for Covid-19 treatment. Ivermectin is largely used in South Africa as a veterinarian anti-parasitic. But there is a growing group of medical experts around the world who believe it may help treat and prevent the spread of Covid-19. But today Dr Semete-Makokotlela, the CEO of SAHPRA told BizNews that victory was brief for the ACDP, as the legal battle continues over the use of ivermectin. She also gave insights on vaccine rollout in South Africa.
Eskom announces emergency power suppliers who will add about 2000 megawatts to the grid through R45bn of private-sector investment. SA’s Biovac will manufacture US company ImmunityBio’s Covid-19 shot, once it gets approval. The founder of Greensill’s taste for risky investments was the red flag that caught the eye of investors, raised questions and ultimately lead to its downfall, says The Wall Street Journal
2 min
2058
Coal mining company Exxaro delivers strong resu...
Exxaro Resources recently released results, with group revenue up at least 12% and headline earning per share up by 26%, at just under R30. CEO Mxolisi Mgojo joined BizNews Power Hour host Jackie Cameron to detail how the company did this amid very difficult circumstances. Mgojo also sketches out the rationale behind the special dividend and share buyback.
15 min
2059
Inside Covid-19: Deep insights on how people ha...
When the Covid-19 pandemic first swept across the globe and governments instituted lockdowns, many people thought the crisis would be over in a few months. But a year later, many countries are still under lockdown rules, even as vaccinations are rolled out. In a powerful, in-depth report from Bloomberg, we hear how people in the world's richest nation have been coping - and failing to cope - with the new world order in the era of Covid-19. These are stories that resonate in SA. Also in this episode, we share an update on the role of Ivermectin in treating Covid-19, including from lawyer Bonani Luthuli of Bonani Khanyile ka Luthuli Attorneys who has been involved in taking the South African regulatory authority to court in a battle to legalise the use of Ivermectin specifically for Covid-19. Plus the latest Covid-19 headlines, including on the AstraZeneca vaccine. - Jackie Cameron
38 min
2060
BPH: Exxaro and Renergen CEOs; Mia Kruger; Asce...
In this episode of the BizNews Power Hour, host Jackie Cameron is joined by CEO of Exxaro Resources Mxolisi Mgojo, CEO of Renergen Stefano Marani, fund manager Mia Kruger, Ascendis Activists and the BizNews team.
Exxaro Resources announced a share buyback and a special dividend after offloading its last shares in Tronox. Barak Fund whistleblowers warned of asset valuation and collateral issues, say insiders. ARC. Tanzanian President John Magufuli has died.
2 min
2062
Cannabis is the fastest growing industry in the...
Pierre van der Hoven, joint CEO of Silverleaf Investments, joined the BizNews Power Hour to share his insights on the cannabis industry and possible opportunities for aspirant entrepreneurs.
10 min
2063
Staying afloat in the struggling hospitality in...
Iconic South African gaming and hospitality group Sun International has been smacked hard by Covid-19 containment measures. This week, it reported a loss of more than R1 billion for 2020. Like other companies in the hospitality sector, they were forced to shut operations for more than three months last year. The group was also hit by ongoing restrictions - like bans on travel, alcohol and limits on the number of people allowed to gather in one place. In a report on its results last week, Sun International set out some of the measures it took to respond to the pandemic, including a 60% reduction in payroll costs, accelerating the disposal of non-core assets and the successful conclusion of a R1,2 billion rights offer. BizNews spoke to CEO Anthony Leeming.
14 min
2064
Carrie's Corner: Catherine Marshall, a jewel in...
Renowned winemaker Catherine Marshall joined Carrie Adams for the BizNews festive Friday. After graduating, Marshall landed apprenticeships at a number of local cellars and obtained winemaking experience overseas, spending time in France and the US. She has received many awards - both locally and internationally - and has served as a cellar master at numerous wineries. Despite the lengthy list of accolades, Adams describes Catherine Marshall as 'modesty personified'.
13 min
2065
BPH: Sun International CEO; Cannabis; Tina Joem...
In this episode of the BizNews Power Hour, host Jackie Cameron is joined by CEO of Sun International Anthony Leeming, Joint CEO Pierre van der Hoven of cannabis investment holding structure Silverleaf, DA representative Andrew Whitfield, billionaire investor Bill Gross and the BizNews team.
59 min
2066
Flash Briefing: Nedbank cautious about Covid; S...
Nedbank has seen an earnings loss in 2020 and says it is cautious about Covid-19. Shoprite's CEO says the private sector should be allowed to buy vaccines. Curro Holdings sees an upswing in revenue and learner numbers. Sotheby's will follow Christie's into the world of digital currencies.
2 min
2067
Jean Pierre Verster shares his insights on the ...
Jean Pierre Verster, a hedge fund manager that successfully shorted African Bank and Steinhoff, in this interview shares his insights on the hedge fund industry, frothy equity market valuations, the recent successes of his Tesla shorts and the Naspers vs Prosus debate.
13 min
2068
Froneman on SA gold mining titan as deal-maker ...
Sibanye-Stillwater CEO Neal Froneman, renowned for his deal-making in the mining industry, has suggested that a merger of Sibanye, Goldfields and AngloGold Ashanti would be in the best interests of South Africa. In this interview, he outlines his investment thesis on the merger and the benefits of creating a mining titan that can compete with the likes of Newmont and Barrick Gold.
9 min
2069
BPH: Neal Froneman; Jean Pierre Verster; Bitcoi...
In this episode of the BizNews Power Hour, host Jackie Cameron is joined by CEO of Sibanye-Stillwater Neal Froneman, Hedge fund manager Jean Pierre Verster, Pieter Hundersmarck of Flagship asset management, Bongani Luthuli on Ivermectin and the BizNews team.
60 min
2070
The lawyer who won the Ivermectin battle for So...
Ivermectin, the cheap drug taking the fight to Covid-19, has been used across the world (for many decades) to fight ailments of all sorts - with excellent results. The drug has been banned in South Africa, despite many studies and plenty of evidence showing its effectiveness in curing patients with Covid-19. The South African Health Products Regulatory Authority (SAHPRA) approved the use of the drug under specific circumstances, much to the frustration of many. In a major breakthrough, ACDP lawyer Bongani Luthuli told BizNews that 'due to the pressure of ACDP and others - they've conceded to the usage and rollout of ivermectin. They will be registering the product on Wednesday'.
8 min
2071
Flash Briefing: Shoprite focus on home market; ...
Shoprite is shifting its focus back to its home market. Astral predicts a slump in earnings. Eskom will continue maintenance amid power cuts. More European countries stop AstraZeneca vaccine rollouts over blood clot doubts. Bitcoin sinks back from record highs over the weekend.
3 min
2072
SA’s pool of higher net worth individuals is sh...
Covid-19 containment measures have hammered the South African economy, pushing many businesses to the brink of collapse and leading to widespread job losses. The problems have also been felt acutely amongst South Africa’s wealthiest citizens. BizNews spoke to Eric Enslin, CEO of FNB Private Wealth and RMB Private Bank.
10 min
2073
Froneman is a smart guy, says Piet Viljoen. 'He...
Recently, Sibanye CEO Neal Froneman put out an invitation to AngloGold and Gold Fields to merge, in what he said would be 'in the national interest'. Piet Viljoen, fund manager of the Counterpoint value fund, weighs in on Froneman's statement. Sibanye and AngloGold are both in the Top 10 holdings of Viljoen's fund.
When asked whether a merger would be in the interest of investors, he said 'I think shareholders should sit back and see what happens'.
In this episode of the BizNews Power Hour, host Jackie Cameron is joined by CEO of FNB Private bank Eric Enslin, CEO of Stadio Chris Vorster, CIO of Perpetua investment managers Delphine Govender, Dr. Tess Lawrie and the BizNews team.
Mr Price will acquire Yuppiechef, broadening its customer base to higher-income shoppers. Absa and Sun International struggle during the lockdown, while AdvTech expects positive results. The Namibian Competition Commission cracks down on price-fixing among insurers