BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
BN Daybreak: Summers on a stretched consumer; Joburg whistleblower; Africa's moon shot; Wall St
Pick n Pay CEO Sean Summers tells Alec Hogg the consumer is stretched by fuel, electricity and rent, and defends pushing break-even to 2029: you cannot wish for profit first and sales second. He has closed almost 200 stores in three years while the main rival opened 800. City Power…
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…
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…
Africa’s first Moon mission is South African-led, and local expertise slashed the cost
For more than 13 years, Dr Carla Mitchell has chased a dream she once believed belonged to Americans and NASA. Now she is leading Africa’s first space exploration mission to the moon in 2029. Africa2Moon will ride on China’s Chang’e 8 lander and deploy three 30 centimetre antennas, fondly known…
BN Daybreak: Sussman's unprecedented poll; mini-budget growth gap; Mpolase on cartel rule; Lesaka
Analyst Wayne Sussman tells Chris Steyn something unprecedented has happened: across all six metros polled by eNCA MarkData, the ANC has not come out on top once, with Tshwane putting the DA just under 34% against the ANC's 25%. Finance Minister Enoch Godongwana tells Alec Hogg his target is 3%…
NdB Sunday Show | Mzo Mpolase: How low can SA go?
In today's NdB Sunday Show with Chris Steyn, Political Analyst Mzo Mpolase slams President Cyril Ramaphosa's latest utterance on the looming loss of AGOA. "You're running a country here, you're not running some ANC ideological office. This is the fate of the economy, the fate of many jobs, which you…
BN Edge | Mini-budget unpacked, with Finance Minister Enoch Godongwana
Two days after telling Parliament that South Africa had emerged from the fiscal wilderness, Finance Minister Enoch Godongwana gave up part of his weekend to explain what that did and didn't mean. He conceded the tax burden had reached levels no finance minister should be comfortable with, and that growth…
Wayne Sussman: ANC set to lose 500 councillors in KZN alone… | The Electoral Roadshow
In the latest Electoral Road Show with Chris Steyn and analyst Wayne Sussman, he shares the eNCA-MarkData Local Government Elections Survey results for eThekwini and Tshwane. It shows that former President Jacob Zuma's MKP is polling at 48% and heading for an outright majority in eThekwini with the ANC way…
BN Edge | Lesaka is facing hard questions. Ali Mazanderani is answering them
Lesaka grew out of Net1, whose subsidiary's social grants contract ended up before the Constitutional Court. Now it wants to take deposits from the same grant recipients it lends to. In a follow-up to their strategy conversation, Alec Hogg put the harder questions to executive chairman Ali Mazanderani: who carries…
BN Edge | Donald MacKay unpacks the bureaucratic black hole in SA trade
A tariff investigation in South Africa is meant to take six months. Donald MacKay, whose XA Global Trade Advisors released its latest import duty report this week, told Alec Hogg the average had stretched to 40 months, and that the oldest open case was old enough to start school. He…
BN Daybreak: Mashaba's two DA red lines; Clicks down 47%; Africa's moon shot; Wall Street slides
ActionSA leader Herman Mashaba tells Alec Hogg he will work with any party where the numbers make sense, but if the DA wants a Johannesburg coalition, Helen Zille and Cilliers Brink must go first, calling both untrustworthy. He is wary of MK's instability but rules no one out. A BizNews…
BizNews Edge | Herman Mashaba on coalitions, comebacks and cleaning up Joburg
A fresh poll had Herman Mashaba running more than twice as strong as his own party in Johannesburg. He called it laughable. Thirteen days before the local elections, the ActionSA leader told Alec Hogg he would be disappointed with anything under 30% in Joburg and set himself a target of…
BizNews Ricardo Portfolio update: Afrimat, Clicks, Chubb, Teledyne
Alec Hogg went into this episode wanting to sell two shares. The rules he built for the Ricardo portfolios talked him out of at least one. In the first of a new run of Premium portfolio updates, he put four fresh sets of results through the same valuation test: Afrimat,…
BN Daybreak: Roodt's mini budget verdict; WSM on small parties, Nov 4; Ian Cameron; eThewkwini
Enoch Godongwana told Parliament that South Africa had emerged from the fiscal wilderness. Dawie Roodt agreed the corner had been turned, then explained why the reasons should worry anyone who pays tax. William Saunderson-Meyer asked who really gained from 547 parties crowding the 4 November ballot, Ian Cameron described what…
Ian Cameron: 30 detectives, 3 chairs, 1 laptop
In his latest interview with Chris Steyn, Ian Cameron, the Chair of Parliament's Portfolio Committee on Police, shares the shocking findings of his latest oversight visit. He describes finding, at one station, over 30 detectives sharing an office container with only three chairs and one laptop and no official detective…
BN Edge | Dawie Roodt on MTBPS: a corner turned, but for the wrong reason
Enoch Godongwana told Parliament that South Africa had emerged from the fiscal wilderness. Dawie Roodt agreed the corner had been turned, just not for the reasons the minister would want. Debt had stabilised and the primary surplus was growing, but the improvement came from a commodity windfall, an aggressive SARS…
WSM: Is a vote for a small party wasted? | Jaundiced Eye
Johannesburg twice handed its mayoralty to a party that won less than 1% of the vote. With 547 parties and almost 137,000 candidates chasing 10,526 council seats on 4 November, Jaundiced Eye columnist William Saunderson-Meyer argued that most of those names were vanity projects or job-seekers, and that the big…
How the ACDP has resisted coalition bribery | Wayne Thring
With Local Government Elections looming, all eyes are on KZN. In this interview with Chris, Steyn, eThekwini Mayoral Candidate and Deputy President of the African Christian Democratic Party (ACDP), Wayne Thring, describes how his party resisted bribery involving millions and even an offer of an ambassadorship. “Our councillors were offered…
BN Daybreak: Cape Independence's IEC fight; Dlomo R12m spy trial; Orion-Glencore; Netflix, GM slide
Cape Independence Party leader Jack Miller tells BizNews what a good night looks like on 4 November, and how a five-megabyte upload limit on the IEC's portal kept Cape Exit off the 2024 ballot entirely. Security analyst Willem Els says the secrecy around the trial of Jacob Zuma's former spy…
BN Edge | CAPEXIT's Jack Miller unpacks 19 years of fighting for Cape independence
Nineteen years after turning a Facebook group into a political party, Jack Miller still hadn't won the Cape its independence, and he told Alec Hogg he had made his peace with the possibility that he never might. What he hadn't given up on was the leverage. With the Cape Independence…