BizNews Radio
Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
Zondo Commission: Cash is king in Bosasa's industrial-scale corruption
Sustaining a criminal enterprise requires lots of cash to pay bribes. The Zondo Commission report details how controversial facilities management group Bosasa, almost turned getting their hands on cash into a full-time gig, paying almost R76m to South Africa's corrupt over 16 years.The third tranche of findings to come out of the…
After 3x share price jump in two years, Capitec needed to produce a stellar FY22. It delivered.
SA's exponentially expanding bank today released audited results and the annual report just six weeks after its February yearend. This is a discipline CEO Gerrie Fourie says helps his team get the investor-related compliance done early into the new financial year, allowing them to get back to what they love…
Purple CEO Charles Savage unpacks the numbers and ahead to a five-new-product-2022 for Easy Equities
Purple Capital, controlling shareholder of Easy Equities, became a firm favourite among BizNews community members after CEO Charles Savage delivered an impressive keynote at BNC#2. At that time, the shares were easy to accumulate at 80c each, Little more than a year later, they trade at over three times that…
Linebooker - SA's home grown 'Uber' of trucking, in four years already the size of Big Four, growing at over 10% a month
Four years ago, Naude Rademan and Nick Hoffman, long-time supply chain warehouse logistics and supply chain executives, founded Linebooker, the 'Uber' of trucking. They used their insights to work out a tech-driven solution for some obvious problems for both transporters and those who needed freight moved. Backed by Patrice Motsepe's…
If roads be the economic lifeblood, SA's flatlining
A recent survey from Agri SA has found South Africa's rapidly dilapidating road infrastructure is having dire consequences on the agricultural sector. Over 300 farmers across the five worst-affected provinces participated in the survey. Farmers said they relied on road transportation to move an average of 94% of their produce…
Corion report shows nimble outperformed in March - light on Prosus/Naspers, rand hedges; heavy on financials, small caps.
The best investment returns are being generated by smaller, more nimble money managers according to David Bacher of Corion Capital whose tables for March have just been released. In this podcast, Bacher explains how asset managers are reacting to the new regulation which raises the offshore component from 30% to…
Temporary fuel price cushion welcome but unknowns remain
The Automobile Association (AA) has welcomed the R1.50 reduction of the General Fuel Levy (GFL), but warns the temporary reprieve may only be holding back inevitable pain coming the way of consumers. As of midnight on Tuesday, the price of 93 octane increases by 28c/l, while there's a jump of…
Fully deregulating fuel price a pipe dream with a double-edged sword
South African consumers have been given some cushioning from rapidly increasingly fuel prices by a recent announcement from Finance Minister Enoch Godongwana. He said in Parliament that Treasury would cut its collection on the General Fuel Levy (GFL) by R1.50 in April and May 2022. The shortfall of over R6bn…
SA’s shining global example of heroic humanitarian aid came when Ukraine called – Gift of the Givers' Dr Imtiaz Sooliman
The Gift of the Givers Foundation is the largest disaster response NGO of African origin and its founder, Dr Imtiaz Sooliman has only one criteria when he considers whether he should go and help; he serves humanity. And when he got the call from Nataliya Venter, the Ukrainian wife of…
Russia/Ukraine peace talks at the forefront of Rand strength
After being called bullish about the Rand; TreasuryOne’s currency expert Andre Cilliers is confident that the rand can remain entrenched between R14.50 and R14.85 in the near term. He told Biznews that the Rand strength is supported by peace talks between Russia and Ukraine and although people tend to forget what the…
Warren Wheatley's AltVest - May 5 listing on CTSE for R50m fund which opens world of private equity to all
Chartered account Warren Wheatley has turned a dream of offering everyone private equity opportunities into a reality. Next month his brainchild, AltVest, will list its shares on the Cape Town Stock Exchange, enabling anyone with R100 to invest in an asset class which has always been the preseve of financial…
SA tech pioneer, movie maker and sudden Ukrainian refugee Ronnie Apteker shares nightmare escape from Kyiv's war zone
Over the past 14 years Ronnie Apteker has forged deep roots into Ukraine, spending the last eight of them living in its historic capital city, the now embattled Kyiv. Two days after the Russian invasion of the country, Apteker, his wife and baby undertook a nightmare journey to get away…
A decade on: CEO Wayne Duvenage on the OUTA journey and why he said no to etags
In this interview, OUTA CEO Wayne Duvenage, describes his journey from Chief Executive at Avis to battling against SANRAL and the unlawful creation of e-tolls. In recent years, OUTA has rebranded itself from a single-issue organisation to one that now focuses on fighting all forms of tax abuse in South…
BizNews A-Plus Show - Ep 1 - From Nhlanhla Lux to Ramaphosa; Niemoller, NFTs, Crypto, SPACs and more
In this debut of the newest BizNews offering, editor Alec Hogg and deputy Michael Appel share insights into the information you need to know about what happened in the past week - Hogg on business and investments, Appel on news and politics. In focus during this episode are the emerging…
Cape Town’s first step to create electricity from landfill gas – Alderman Grant Twigg
Cape Town has begun plans to move off Eskom’s grid and away from power blackouts. It includes procuring power from independent power producers (IPP) but the plan to use solar and wind power for grid electricity has not gone down well with everybody, including Andrew Kenny who is convinced it…
Keen interest in World Bank Rhino Bonds launched in SA
The World Bank has launched an innovative approach to protect and grow the population of endangered black rhinos by launching a Wildlife Conservation Bond, also called the Rhino Bond. Two parks in South Africa, Addo Elephant National Park and the Great Fish River Nature Reserve will benefit. It is a…
Niemöller is back with another blistering Open Letter to Ramaphosa
In the immediate aftermath of last July’s riots and looting, a BizNews community member whom I’ve known and respected for decades, penned a powerful Open Letter to president Cyril Ramaphosa. The author’s name was withheld to avoid unnecessary retaliation against themselves or their organisation. It struck a chord, with 300…
Operation Dudula: South Africans should be worried
There seems to be a new kid on the block that political analyst Dr Ralph Mathekga warns has all the makings of a vigilante grouping playing outside of the political realm of accountability. All of which, Mathekga says, makes for a worrying situation. Operation Dudula has been in recent headlines…
Life lessons from a world record-breaking South African adventurer Peter Van Kets
Peter van Kets, a 54-year-old from East London who, decades back, gave up teaching to become a full-time adventurer, gave the opening address at the third BizNews Conference in March 2022. One of South Africa’s top extreme adventurers, van Kets shared fascinating, mind-blowing stories, the essence of which could be…
Momint's African record as bidders invest R8.1m at NFT auction - incl two Bored Apes; Mandela Arrest Warrant
While media headlines focused on the $130 000 which an expat based in the UAE paid for the digital version of Nelson Mandela's Arrest Warrant, there was a lot more to Momint's record auction of NFT's over the weekend. The Cape Town-headquartered business, whose co-founders include high profile businessman Rob…