BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
A-Plus Show - Ep 13 - CR's sweeping power reforms, 2024 coalition prospects, informal economy booms
BizNews A-Plus Show duo Alec Hogg and Michael Appel are back with episode 13 of their weekly round-up of business, investments, news and politics banter you need to know. In focus this episode: President Ramaphosa this week announced sweeping reforms to SA's energy sector; the former CEO of the IRR,…
Anti-dumping tariff could send tyre prices skyrocketing by 40%
Several organisations are warning that an application to the International Trade Administration Commission (ITAC) to impose additional duties of up to 69% on passenger, taxi, bus and truck vehicle tyres imported from China could send tyre prices skyrocketing. The application is being opposed by the Tyre Importers Association of South…
Cost of transporting goods has risen 22% because of fuel hikes, inflation shock coming - Naude Rademan of Linebooker
The 47% surge in fuel prices translates into a direct increase of 22% in the cost of goods says Naude Rademan, CEO of Linebooker, SA's 'Uber for Truckers'. In this interview with Alec Hogg of BizNews he explains how consumers have been shielded from the inpact of this cost increase,…
BBB Ep 23 - Shares rocket despite Fed's 0.75% rate hike; Rand rises strongly; BN favourites report - Spotify jumps 12%; Meta falls 6%; Dr Frans Cronje..
US share prices rose strongly last night after Fed chairman raised interest rates 0.75% as anticipated, but said the world's largest economy had definitely not entered recession. With the Nasdaq gaining 4% and the S&P500 2.6%, in the session July is shaping up as equities' best month in a long…
Petrol price deregulation - be aware of the pitfalls
The energy department's recent announcement that it plans to deregulate the fuel price by imposing a price cap on 93 octane petrol could have a major unintended consequence. If the price of fuel exceeds the market cap, there is no incentive to import or produce product at a loss. In…
How not to get caught up in the power generation story - Thiago Almeida, Nedbank CIB
Bronwyn Nielsen spoke to Thiago Almeida, Sector Lead Power and Infrastructure at Nedbank Corporate and Investment Banking, about the tendency to get caught up in the power generation story to the detriment of focusing on distribution and transmission. Almeida stated that while the continued focus on power generation is a…
Dr Frans Cronje: SA economy on brink of post-ANC rejuvenation, 'was optimistic a year ago, am very optimistic now.'
For over a decade, Dr Frans Cronje was SA's party pooper. The former CEO of the IRR was perceived as an arch pessimist, a man guaranteed to prick bubbles of optimism before they could inflate. He regarded himself merely as a realist, sharing the harsh truth because anything else would…
How to clear the mental block against maths in SA - Thembaletu Mbangcolo
Statistics charting the performance of South African learners in maths is staggering. In the 2019 Trends in International Mathematics and Science Study, they consistently scored in the bottom three countries over a range of tests. Fingers are being pointed at teachers in another study by the 2030 Reading Panel, indicating that newly…
BBB Ep 22 - Wall Street sells on rumour, buys on fact with Microsoft, Google; SA's electricity sector watershed; IMF slashes world growth forecast
Good news from a weak Wall Street session with the share prices of tech giants Microsoft and Alphabet (aka Google) surging in the after-market despite both reporting lower numbers than analysts had expected. This suggests that after almost two weak years for equities, expectations may have over-shot on the downside…
Clem Sunter backs GG Alcock, applauds township entrepreneurs, tells Malema they're lighting a path to true economic freedom
Clem Sunter is in a league of his own. The former head of Anglo's Gold and Uranium Division (when it was the world's #1), the Oxford-educated futurist and prolific best-selling author is passionate about encouraging entrepreneurship. Particularly those resilient beings who overcome incredible odds by operating successfully in South African…
Ramaphosa's power reform plan - SA can be 'cautiously optimistic'
President Cyril Ramaphosa's announcement of sweeping reforms to stabilise the power grid and get the country quite literally out of the dark has been welcomed as a necessary and urgent step in the right direction. Connie Mulder, head of the Solidarity Research Institute (SRI) told BizNews the crux of the…
“At Omba, we’re active managers, but our tool set is ETFs” – Mark Perchtold, Omba director
Many South Africans flock to London, either in search of increasingly greener pastures for their professional careers or if younger for an intended two or three year stint before returning to SA. Many of those South Africans in the latter category, however, end up staying in England, particularly due to…
BBB Ep 21 - Nervy markets as Walmart disappoints, down 10%, knocks Amazon; Gold majors fall on JSE; Wall Street waits for Big Tech quarterlies; Leon L..
Share prices are reflecting investor nervousness ahead of the US Fed's big interest rate decision tomorrow - and Wall Street is also pre-occupied by the Big Tech quarterlies later this week when Amazon, Apple, Alphabet and Meta report. Numbers from Walmart delivered a shock with that stock dropping 10% in…
A half-mast idea that won’t go away - Nathi Mthethwa’s R22m flag
In some ways it’s the gift that keeps on giving to opposition parties as Arts and Culture Minister Nathi Mthethwa indicates the R22m flag project remains on the table. His counterpart on the opposition bench, Tsepo Mhlongo of the DA, has lambasted Mthethwa in an interview with BizNews for the…
Leon Louw attacks his FMF creation, wants funders to stop supporting "corrupted" thinktank that's become politicised
On Friday the Free Market Foundation's President Leon Louw distributed an emotional 'Open Letter' explaining why he is leaving the once respected economic thinktank which he co-founded in 1975. In this interview with BizNews's Alec Hogg, SA's long-time voice for free enterprise explains how he believes the organisation has lost…
ANC KZN conference proof the party is 'forming beyond Ramaphosa'
The oddly-named "Taliban" slate of the ANC in KZN emerged victorious over the so-called "Ankole" slate over the weekend. The former is aligned with the new provincial chairperson of the ANC's biggest region, Siboniso Duma, while the latter included the now outgoing leadership headed by Sihle Zikalala (current KZN Premier)…
BBB Ep 20 - Fed to hike rates 0.75%, but market already expects cuts in 2023; SA's informal economy booming; European banks, US dollar and Ukraine's f..
Although Friday's profit-taking removed some shine, share prices around the world experienced a good week, especially some of the JSE's fallen angels that rose sharply to regain some lost ground over the past few months. This episode of the BizNews Breakfast Briefing also features highlights of two fascinating interviews -…
Why today's Wall Street buyers are on the money: US inflation had peaked, will fall to just 2% next year - Kevin Lings
Stanlib chief economist Kevin Lings delivers a masterclass on why interest rates have been rising - and explains why inflation globally will soon start to fall. His thesis: US inflation peaked at June's 9.1% and within a year will drop sharply to a fraction of that level. If he's right,…
GG Alcock - On 'Kasipolitans'; a landgrab in booming township economy; and why Stalinist ANC on wrong page with its '500 black industrialists'
By forcing people to stay at home, Covid-19 lockdowns accelerated the development of township businesses to the point where many residents now support them and simply refuse to return to pre-pandemic shopping habits. In this fascinating interview, entrepreneur, author and informal economy specialist GG Alcock explains how South African retailers…
How and why intermittent fasting works – world expert Dr Jason Fung
The ubiquity of fad diets is a staple of modern society - as is the inevitable realisation of their ineffectiveness. An unfortunate consequence of this cycle is that scientifically supported diets, such as intermittent fasting, are often discarded as yet another fad. To distil the essence of intermittent fasting, BizNews…