Biznews Radio
1,540 episodes - English - Latest episode: over 4 years ago -Welcome to BizNews Radio where we interview top thought leaders and businesspeople from South Africa and across the globe.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
SA jobless rate soars; Nedbank sheds jobs; social grant fraud hurts taxpayers; Shoprite profit plummets; losses hammer Massmart; Brexit plagues pound
July 30, 2019 17:06 - 6 minutes - 6.07 MBSouth Africa’s latest unemployment figures make for grim reading. The unemployment rate has jumped in the past three months by about 2% to 29%. Highlighting the challenges facing South African employers, Nedbank Group has confirmed it is in talks with about 1,500 employees over potential job cuts in retail and business banking to cope with a struggling economy and increased competition. And, in another blow to South Africa’s economic recovery, it is reported that Eskom’s losses continue t...
Booming demand from SA investors brings pressure onto Orbvest's US property acquisitors
July 30, 2019 16:50 - 14 minutes - 13.7 MBSouth Africans who are actively seeking offshore portfolio diversification have warmed to the niche-focused entrepreneurs who are building Orbvest into a billion dollar powerhouse. They are taking experiences learned in the specialised SA's medical property sector and applying them in the US market, with CEO Martin Freeman having relocated there. The latest development, their 22nd, was oversubscribed, with the excess being allocated to the 23rd project described in this interview by director...
Unpacking the motives (and failures) of legal attacks on Pravin Gordhan
July 30, 2019 10:21 - 12 minutes - 11.5 MBFormer SARS spokesman Adrian Lackay has been driving the strategic communications strategy for his former boss, public enterprises minister Pravin Gordhan. Lackay shares his insights from a front row seat, unpacking what has happened at his alma mater - "the legacy of Tom Moyane" - and the motive behind legal attacks on Gordhan. He was a guest in Rational Radio.
Paul Hoffman: SA must throw overboard its PP, "loose cannon" Mkhwebane
July 30, 2019 10:19 - 7 minutes - 6.89 MBAccountability Now's founder Paul Hoffman, who in 2006 left the bar after 26 years, is gunning for fellow advocate Busisiwe Mkhwebane. He describes her as a "loose cannon" who is rolling around the deck of the ship of state and needs to be "thrown overboard". In this podcast Hoffman explains why he is using the recent Constitutional Court judgment to urge the Legal Practice Council to debar the controversial Public Protector. This will obviate the need for two thirds of Parliament to vote he...
Investors ditch SA assets; Mabuza's two Eskom hats; Rupert emigration chatter grows; Brexit weighs on pound
July 29, 2019 19:53 - 5 minutes - 5.1 MBForeigners are ditching South African assets at the fastest pace on record as concern mounts that the government will lose its last investment-grade rating. Eskom’s over-worked chairman Jabu Mabuza has just had an extra role added to his job description - acting chief executive of troubled power utility Eskom. Solidarity union is pushing the National Prosecuting Authority to pursue fraud charges against Brian Molefe, the former CEO of Eskom who played a central role in state capture along...
Sasol SA plants threatened; Gvt panel's EWC recommendations; Zille joins IRR; Trade talks resume
July 28, 2019 17:31 - 4 minutes - 4.36 MBSouth Africa’s oil-from-coal and chemicals multinational Sasol disclosed over the weekend that some of its plants in Secunda and Sasolburg are under threat because of the need to comply with stricter sulphur dioxide emission standards. Trade talks between the US and China begin again in Shanghai this week, but with lower expectations for the kind of sweeping deal that appeared possible two months ago. Former Western Cape Premier Helen Zille has joined the Institute of Race Relations, a li...
Moody’s hits Rand; Sasol's R18bn writedown; Tesla stalls; new ‘corporate’ PIC chair
July 25, 2019 19:05 - 4 minutes - 4.17 MBIn today's business headlines: The Rand weakens as Moody’s says Eskom is “credit negative” Sasol has written down asset values by R18.1bn; Tesla shares plummet by 13% after worse-than-expected losses; Reuel Khoza is the new 'corporate' PIC Chair; The Legal Practice Council is probing the ombudsman while she launched another investigation against Gordhan and Kieswetter; Steinhoff's ex CEO, Markus Jooste disciplinary hearing by the SAICA will go ahead and; Johannesburg lights stay on de...
Fasie Malherbe: Chef who turned training idea into business worth billions
July 25, 2019 07:02 - 10 minutes - 9.54 MBHere's the Rational Radio interview with Fasie Malherbe, co-founder of Lobster Ink. He and three partners started the business in 2006 with seed capital of R22,000. After years of bugging Econet, they eventually sold the business to this major multinational for "a handsome multiple of its $26m annual revenues". Malherbe, a chef, shares his entrepreneurial journey and offers some advice for fellow SA business builders. - Alec Hogg
Cynthia Stimpel: Whistleblower who saved SAA R250m - and got hounded out the airline
July 25, 2019 06:51 - 12 minutes - 11.9 MBThis is a riveting interview with whistleblower Cynthia Stimpel, a 60-something grandmother who refused to look the other way when corruption was being perpetrated at South African Airways. The former treasurer at SAA was dismissed for intervening in a corrupt deal that would have cost the airline R250m. She shares what happened - and her journey since being suspended in July 2016 and subsequently fired by the since SAA chairman and Jacob Zuma acolyte Dudu Myeni.
Inflation steady; SA credit risk falls; Matjila defends AYO deal; Richard’s Bay liquefied gas hub; Namibia’s green strategy
July 24, 2019 18:48 - 4 minutes - 3.92 MBIn today's business headlines: South Africa’s consumer inflation remained unchanged in June at 4.5%; Investors say the Eskom rescue plan is better than no plan at all; A sharp drop in mining shares led losses on the JSE; Former PIC Chief Dan Matjila says the R4.3bn AYO investment was above board; Transnet plans a new liquefied gas hub in Richards Bay; and a $338m renewable energy strategy for Namibia.
David Shapiro on profiting from electric car boom, Naspers and fuel cells
July 24, 2019 14:38 - 11 minutes - 10.5 MBSouth Africa's favourite market commentator David Shapiro takes a closer look at the impact of the electric car revolution and lets us in on what he is thinking about investable opportunities right now - and why he is soon going to sneak away to read the full Naspers annual report. - Alec Hogg
Icebergs to Cape Town is gaining traction - Nick Sloane
July 24, 2019 11:31 - 18 minutes - 17 MBWhen Nick Sloane, a seasoned salvage operator published his plan of guiding icebergs from Antarctica to Cape Town to solve the city’s acute water problem; many people thought it was a far-fetched idea. It didn’t help that the first story was released in Sunday newspapers close to April fool’s day. Cape town’s authorities did not want to bite either. But since then; he has managed to get the scientific community behind him. It has helped him to refine his models and Sloane now has the supp...
Tax could rise; IMF cuts growth forecast; Rand pounds sterling; pressure on PP grows; SA investment opportunities
July 23, 2019 19:44 - 4 minutes - 3.94 MBFinance Minister Tito Mboweni has signalled that tax rates may have to climb to bailout Eskom. The IMF slashes its growth forecast for South Africa. The Rand reached its best level to the pound in 11 months. The Public Protector faces a request for her to be struck of the advocates role by the Legal Practice Council. South Africa still presents an attractive investment opportunity despite the tough economic environment.
Paul O'Sullivan on PP, Transnet investigation that scalped Kenyan Finmin
July 23, 2019 16:07 - 17 minutes - 16 MBWhen you're in form, the results of even routine actions tend to surprise on the upside. And right now, Forensics for Justice's founder Paul O'Sullivan is in hot form. His boxing with embattled Public Protector Busisiwe Mkhwebane is rapidly turning into a "no contest" and this week an investigation into a corrupted contract at Transnet led to the arrest of the Kenyan Finance Minister - plus a warrant of arrest being issued for the former SA country manager of Italian multinational CMC di Rav...
Orbis's Dan Brocklebank on Boris, paying Germany to borrow and NetEase
July 23, 2019 15:20 - 18 minutes - 17.2 MBI enjoy interviewing Orbis's UK investment head Dan Brocklebank. He always makes me think differently. Something Dan may well have picked up from his mentor, the late Dr Simon Marais, who worked with him in London before moving to Sydney to establish Allan Gray in Australia. For instance, three years ago Brocklebank swam against the City of London tide by suggesting Brexit (a) might well happen and (b) might also be good for the UK. We didn't get into that discussion in this interview during...
Simon Lincoln Reader: Boris "always wanted" to be PM. Now what?
July 23, 2019 14:51 - 11 minutes - 10.5 MBGoogle the UK's new prime minister and you'll quickly discover his full name is Alexander Boris De Pfeffer Johnson, is 55 years old and was born in New York City. On Personal Finance Live, Biznews.com's London columnist Simon Lincoln Reader suggested that his adopted country's new leader might prove to be a surprise package. A former journalist who has a habit of putting his foot in it, Johnson has promised to get Brexit done by the October 31 deadline; unite the UK; and defeat Jeremy Corby...
UK prepares for Boris Johnson
July 23, 2019 06:06 - 14 minutes - 12.9 MBBoris Johnson appears poised to become Britain's new Prime Minister. The Wall Street Journal's Jason Douglas has more on what could be ahead.
PP hit in the pocket; Eskom cash injection; Denel without pay; PIC lost $333m in oil
July 22, 2019 19:37 - 4 minutes - 4.15 MBIn today's business headlines: Public Protector Busisiwe Mkhwebane must pay about R900,000 out of her own pocket for the Reserve Bank’s legal costs. Eskom is getting additional support of R59bn over two years The Publice Investment Corporation lost $333m after a “poor investment” in Erin Energy Corp. Denel staff face the possibility of not being paid in July. The arrival of troops on the Cape flats is starting to make a difference.
PP Judicial Review; Boris 1/33; UK/Iran red zone; Naspers SA tax R6.9bn
July 21, 2019 18:06 - 5 minutes - 5.35 MBSouth African President Cyril Ramaphosa has requested an urgent judicial review into a report by the country’s Public Protector which he termed “fundamentally and irretrievably flawed.” Britain’s decision to seize an Iranian tanker off the coast of Gibraltar earlier this month is snowballing, dragging the country deeper into an escalating crisis between Iran and the West. Voting by 160,000 Conservative Party members closes tonight with former Foreign Secretary and London Mayor Boris Johns...
Moeletsi Mbeki tears into BEE, ANC economic policy
July 19, 2019 12:28 - 17 minutes - 16 MBMoeletsi Mbeki is not scared to speak out against the policies of the party that his father Govan Mbeki built with Nelson Mandela and that his brother Thabo represented as President of the country. He has called the ANC and EFF policies of land expropriation without compensation an attack on the white population and Julius Malema, “a famous black racist”. As the Deputy Chair of the South African Institute for International Affairs, Mbeki has conducted research on the effect of white nationa...
Repo rate cut; rand rallies; Richemont rides online wave; property market optimism; Eskom Bigwig wanted
July 18, 2019 19:33 - 4 minutes - 4.26 MBIn today's business headlines: The benchmark repurchase rate has been lowered by 25 basis points to 6.5% per annum. The Rand rallies by 10 cents to the dollar on the back of the news. Richemont online retails sales soar. Estate agents hopeful after rate cut. Platinum producers eye gold miners wage deal. Eskom is looking for a new CEO and junkyard palladium is in high demand.
Flash Briefing: Bitcoin breaks $10k; Naspers delays Prosus listing; Luno on hiring spree; Ethiopian coup foiled
June 23, 2019 17:53 - 4 minutes - 4.31 MBLate on Friday, the world’s most popular cryptocurrency Bitcoin traded above $10,000 for the first time in over a year, riding a wave of optimism about the future of digital currencies. Over the weekend, Ethiopia’s reformist government of Prime Minister Abiy Ahmed, foiled a coup attempt that killed several senior government officials, including its military chief. Late on Friday afternoon, South Africa’s global internet group Naspers Ltd announced that it will be delaying the Amsterdam ...
Billions you've allocated are still not enough to save Eskom, Mr President
June 23, 2019 06:44 - 12 minutes - 11.3 MBEnergy experts have welcomed the cash boost to address the debt mill stone for Eskom, but they say President Cyril Ramaphosa has not gone far enough and that he has not given enough detail. Opposition parties have accused the President of throwing money at Eskom, which had outdated organisational structures would not solve the country’s energy problems. – Linda van Tilburg
FNB property economist predicts house prices will keep falling
June 23, 2019 06:34 - 8 minutes - 7.63 MBFNB house price analysis suggests that owners of luxury properties in Cape Town are in for more disappointment, with prices likely to continue falling on the Atlantic Seaboard. Siphamandla Mkhwanazi, property economist at FNB, says a downward adjustment in property prices is likely to continue. Biznews's Jackie Cameron spoke to him.
Flash Briefing: Eskom bailout ready, Rand steady; Gold at 5-year-high; Naspers Sweeps South; Hain - bring back the money
June 20, 2019 19:52 - 4 minutes - 4.04 MBIn today's business headlines: President Cyril Ramaphosa has announced that the Government is going to bail out Eskom. Gold has surged to its highest level in five years after the US Fed signals turned dovish. Naspers has made its first local tech investment in SweepSouth, a cleaning service business. Group Five says shareholders are not getting anything out of the rescue process. Lord Peter Hain says the international community should bring back the money looted by the Guptas.
Flash Briefing: Slight rise in inflation; Eskom has to be saved; Steinhoff seeks extension; Zuma allies get Parly posts; MultiChoice’s African expansion
June 19, 2019 19:22 - 3 minutes - 3.36 MBIn today's business headlines: Inflation is up slightly in May rising to 4.5% mainly driven by a 3.3% rise in fuel prices. South Africa simply has to rescue Eskom, even though it can’t afford to. That is the opinion of Bloomberg analysts. Steinhoff International Holdings is seeking another extension to restructure after a R20 billion rand loss for the year ending September 2018. In a blow to President Cyril Ramaphosa’s efforts to clean up the government a number of Zuma allies have been ...
Roelf Meyer: Ramaphosa can put South Africa back on the high road
June 19, 2019 15:06 - 14 minutes - 13 MBThere were many businessmen, politicians and even journalists who disengaged emotionally and some even geographically from South Africa during the Zuma years as it seemed impossible to stop corruption threatening to engulf South Africa. One of them was former National Party cabinet minister and negotiator for South Africa's new Constitution, Roelf Meyer. Following the successful diffusion of conflict in South Africa, Meyer has spent his intermittent years advising other strife torn areas in ...
Flash Briefing: Trillian's R600m state capture hit; Ramaphosa to rescue Eskom; Old Mutual fires Moyo; PIC Naspers jitters
June 18, 2019 19:37 - 4 minutes - 4.56 MBIn today's Biznews Flash Briefing: The Old Mutual share price jumped on news that its board has decided to fire its CEO Peter Moyo. The Naspers share price moved up about 2% on Tuesday. The Public Investment Corporation is encouraging its fund managers at the Government Employees Pension Fund to reduce its Naspers shareholding of about 16%. There has been an exciting breakthrough in the fight against corruption and state capture. Trillian Capital Partners has been ordered to pay back Esko...
More SARS red tape for overseas Internet purchases
June 18, 2019 15:47 - 8 minutes - 7.45 MBPresident Cyril Ramaphosa is eager to create an investor friendly climate in the country but it seems that customs clearance and exchange rules imposed by the South African Revenue Service is having the opposite effect. Recently a health science start-up company told me how their overseas investor eventually decided to undertake tests for one of their products that they planned to roll out in South Africa to a European destination as customs at Oliver Tambo were holding up their goods for mo...
Flash Briefing: SABC faces blackout; SAA pilots strike-ready; JSE probes Deloitte, Sygnia; Has Musk dumped Twitter?
June 17, 2019 18:55 - 3 minutes - 3.3 MBIn today's Biznews Flash Briefing: The South African Broadcasting Corporation is in serious trouble and faces a blackout. The financial position of the SABC has been worsening as it awaits a decision on its application for a R3.2bn financial support from the government. At SAA, another state-owned entity that has sucked up billions of taxpayers’ money, pilots are threatening to strike over what they believe is a poor choice of CEO. The Johannesburg Stock Exchange has waded into the divorc...
Flash Briefing: Bumper day for mining stocks, Naspers; Platinum producers face showdown; SARB rate cut expected; oil price surge
June 13, 2019 19:33 - 4 minutes - 3.92 MBIn today's business headlines: South African mining stocks were driven to an almost 11 year high; However mining production decreases in April; South African platinum producers are preparing for significant wage demands as workers eye windfall earnings; The Governor of the Reserve Bank Lesetja Kganyago says there may be room for interest rate cuts in the longer term; Naspers earnings is expected to rise by a third; and oil price surges after tanker explosions.
Flash Briefing: PP snotklap for Cyril, Rand; retail sales soar; FX rigging case setback; plant Lego hits brick wall
June 12, 2019 19:54 - 4 minutes - 3.8 MBIn today's business headlines: The Public Protector Busisiwe Mkhwebane has set a 21 June deadline to President Cyril Ramaphosa to answer to allegations that he violated the constitution; The Rand falls to the lowest level against the dollar since beginning of the year; Retail trade sales increased by 2.4% in April; The Presidential panel review on land reform was handed to President Ramaphosa today; South Africa’s FX rigging case against 20 banks has been dealt a setback; and Lego plan...
Flash Briefing: SA manufacturing growth spurt; Cape Town property plunge; Naspers' big fintech deal; Deloitte, KPMG face national ban
June 11, 2019 19:08 - 5 minutes - 4.88 MBIn today's Biznews Flash Briefing: South Africa's manufacturing sector has perked up, with more cars, electronics, metal products and furniture produced than expected. Cape Town property prices have been falling. The latest data from FNB shows that house prices have been plunging in the most expensive suburbs and at best have moved side-ways in the more affordable neighbourhoods. In global developments, South Africa’s Naspers has struck its biggest fintech deal yet. Naspers Ltd.’s PayU ha...
Treasurer who stood up for toxic Transnet feared for her life
June 11, 2019 07:33 - 4 minutes - 4.55 MBMathane Makgatho, the former Transnet Treasurer told the Zondo Commission that she eventually resigned in 2014 from the state-owned enterprise because she felt her life was at risk and with four young children, she could not play Superwoman. She told the commission that several other officials at the Transnet followed her because of the toxic environment created by her bosses Brian Molefe and Anoj Singh who saw the straight-talking Makgatho as an obstacle to their pact with the Guptas to loo...
Flash Briefing: Tongaat suspended on JSE, LSE - Deloitte in crosshairs; gold excites; Trump ignites
June 10, 2019 18:52 - 4 minutes - 3.9 MBIn today's Biznews Flash Briefing: Trading in Tongaat Hulett's securities on the Johannesburg Stock Exchange and London Stock Exchange has been been suspended. Questions are again being asked about the integrity of accountants at Deloitte, which were auditors to Tongaat and Steinhoff - another South African multinational involved in financial irregularities. The Independent Regulatory Board for Auditors is reviewing the work Deloitte did for Tongaat. Deloitte is also reviewing its work do...
Flash Briefing: Gold still gaining; Big Tech backlash; Eskom needs more cash; Sasol, Naspers
June 09, 2019 18:04 - 4 minutes - 3.89 MBThe gold price is on its longest winning streak in almost a year and a half, rising for the eighth consecutive trading session on Friday. The global backlash against Big Tech intensified over the weekend when G20 Finance Ministers said they have agreed to new rules to tax companies like Facebook and Google. On the sidelines of the G20 meeting in Japan, South Africa’s National Treasury director general Dondo Mogajane admitted that the country needs to inject even more than the already prom...
Flash Briefing: SA rates likely to drop - Moody's; Trade wars power up gold stocks; African swine fever to hit SA consumers
June 06, 2019 18:46 - 3 minutes - 3.3 MBRatings agency Moody’s Investors Service has said it expects South Africa's interest rates to fall. It’s not just South Africa that is struggling to turbo-charge its economy. Amid concerns that a global recession looms, the European Central Bank has kept low-rates unchanged, reports Bloomberg. The FTSE/ JSE Gold Mining Index has been rising steadily in recent weeks as investors’ expectations for a quick deal between the US and China have evaporated. Spot gold was up to around $1,337 an ou...
Exasperated Mboweni’s rebuke to reckless Reserve Bank underminers
June 06, 2019 15:15 - 1 minute - 1.06 MBThere are few people that enjoy their tweets as much as Tito Mboweni, well maybe President Donald Trump. But Trump’s social post can cause jitters in markets. This week’s Mboweni’s posts were meant to calm a storm. When the ANC Lekgotla concluded that the Reserve Bank should consider “quantitative easing”, giving another kick in the teeth to the rand which was already sliding because of the day’s dismal first quarter GDP figures, he was quick to take to Twitter to say that the Government set...
Koons' silver bunny has new owner - at "living artist" record of $91m
June 06, 2019 10:13 - 7 minutes - 6.79 MBA three foot tall stainless steel bunny called "Rabbit", one of four cast in 1986 by Jeff Koons, last month became the highest price ever received by a living artist. The other three replicas are housed in art museums in Los Angeles, Chicago and Qatar. The piece, auctioned by Christies, was knocked down for $91m to art dealer Robert Mnuchin, father of the US's Treasury Secretary Steven. The piece was sold out of the estate of Conde Nast magazine publisher SA Newhouse and reinstates Koons as ...
Flash Briefing: Blame Eskom - SA just got poorer; Ramaphosa pays tribute to journalists, media freedom; investors queue for Khula Sizwe
June 05, 2019 19:08 - 4 minutes - 4.29 MBIn today's headlines: South Africans are reeling from the news that the economy shrunk in the first quarter of this year. Analysts have blamed Eskom power cuts for hammering manufacturing, mining and agricultural output. Eskom has more than $30bn in debt and is believed to be the biggest threat to the economy, according to Goldman Sachs, but it isn’t the only state-owned enterprise dragging down the South African economy. At least seven state companies are, as public enterprises minister P...
Vox CEO Jacques du Toit opens up about his journey with RMB
June 05, 2019 02:00 - 15 minutes - 14.7 MBJOHANNESBURG — Vox Telecom has become a major telecommunications player in South Africa's market, offering highly competitive fixed line internet and voice services. Over the years, the company has dramatically expanded its offerings and footprint thanks to acquisitions that include its deal with fibre infrastructure provider FrogFoot. Throughout this journey, Rand Merchant Bank (RMB) Ventures has been a key shareholder in Vox and has helped to shape the telco's strategy. In this interview, ...
Flash Briefing: SA economy stumbles; Rand falls; Mantashe on coal vs green; another Deloitte scandal; US carrot to UK
June 04, 2019 18:44 - 4 minutes - 4.4 MBIn today's business headlines: South Africa's economy shrinks by 3.2% in the first quarter; The rand falls by 2% but claws back some losses; Mantashe refuses to pick sides on green vs coal energy; Deloitte replaces auditors and a partner after Tongaat-Hulett scandal and; Britain is promised a phenomenal deal with the US but has to bend to Trump rules.
Flash Briefing: Robust action needed - IMF on SA; Vehicle sales, PMI disappoint; Rand's rosy outlook; PP YouTube's Pravin
June 03, 2019 19:46 - 4 minutes - 3.86 MBIn today's business headlines: The IMF says South Africa needs to take “robust actions” to reduce its fiscal deficit and reverse the increase in public debt; The Absa purchasing managers’ index (PMI) has dropped again in May after a slight rise in April; South African vehicle sales fall again; The rand ended slightly firmer and the Bloomberg year-end forecast looks rosy; The Public Protector fires another salvo at Minister of Public Enterprises Pravin Gordhan.
Flash Briefing: PSA wants out of Eskom bonds; $4.5m for lunch with Buffett; SAA CEO quits; Boxing's mega-brand KO'd
June 02, 2019 17:48 - 4 minutes - 4.61 MBThe chief executive of South African Airways, Vuyani Jarana has quit, citing a critical dearth of funding and the government’s lack of support for the airline’s turnaround plan. The 240,000-strong Public Servants Association wants to get its members money out of Eskom bonds. An anonymous Warren Buffett fan will pay just over $4.5m to have lunch with his hero. The multi-million pound franchise of previously undefeated boxing champion Anthony Joshua took a hiding in New York on Saturday ni...
Flash Briefing: Markets 'confused' after cabinet; Omnia shares tumble; Ayo, PIC legal battle; Auntie Pat
May 30, 2019 19:52 - 5 minutes - 4.68 MBIn today's business headlines: Investors react favourably to Ramaphosa's cabinet but the US-China trade war dampens sentiment; Shares tumble in Chemical and fertiliser company Omnia Holdings after it announced a rights offer of R2bn to cut debt; Ayo Technology Solutions and the PIC are suing each other; Africa is working towards the world’s largest free-trade zone, but it may take years; Auntie Patricia de Lille steals the show at the inauguration of the new cabinet.
Ramaphosa foot on the pedal to clean up corruption - Melanie Verwoerd
May 30, 2019 13:08 - 11 minutes - 10.3 MBThe relief among investors was clear to see as they assessed President Cyril Ramaphosa’s South African cabinet line-up. The slimmed down executive were given the thumbs-up and the retention of the crucial Finance Ministry post to Tito Mboweni, while allowing Pravin Gordhan as Public Enterprises Minister to continue the clean-up of the state owned enterprises calmed the markets. The Rand advanced immediately after the read out of the names and continued its upwards move gaining another 0.4% a...
Starting a company in the UK: Here's what you need to know
May 30, 2019 02:00 - 9 minutes - 8.51 MBWith the Brexit drama engulfing the UK and resulting in the scalp of yet another Prime Minister, it's tempting to overlook that country as a place to start a new business. However, the reality is that the UK's highly advanced first world market coupled with the fact that it remains geographically close to the Eurozone still continues to make it an attractive investment destination, despite Brexit. And in this interview, Sable International's Scott Brown explains how you can go about register...
Flash Briefing: Cyril’s pruned Executive excites Rand; Shell seeks SA oil; PIC gets Unioned; Naspers
May 29, 2019 21:20 - 3 minutes - 3.5 MBIn today's business headlines: Ramaphosa has announced a slimmed-down Cabinet, reflecting a clean-up but there are some political trade-offs; The Rand gains following the announcement of the Cabinet; Naspers says it is not abandoning South Africa as it plans to list in Amsterdam; Royal Dutch Shell takes a second stake in South African hydrocarbon project; and Trade unionists are included for the first time on the PIC board.
Flash Briefing: Mabuza phobia knocks rand; Moyo fiasco shakes Old Mutual; Sibanye, Reunert
May 28, 2019 18:39 - 4 minutes - 3.97 MBIn today's headlines: The rand fell on speculation that graft-tainted David Mabuza could be re-appointed as deputy president. The Sibanye share price gained about 9% on the news that Lonmin and Sibanye shareholders have approved the takeover of struggling Lonmin. Reunert fell more than 5% as investors absorbed the details of the unaudited statements for the six months to the end of March, released on Monday. Also down on Tuesday was Telkom, which lost some of its gains earlier in the wee...
Flash Briefing: Telkom's shift in focus bears fruit; Ramaphosa goes slow; Naspers' Tencent; Aspen chill
May 27, 2019 19:54 - 3 minutes - 3.44 MBIn today's headlines: Telkom was a big mover on the JSE as its share price jumped nearly 14% to an all-time high of just over R98 per share after it released its Group Provisional Annual Results for the year ended 31 March 2019. Other JSE stocks that gained in value on Monday included Pioneer Foods, which rose about 4%, and Sappi, which gained about 2.5%. Losers of the day included pharmaceuticals company Aspen, which shed about 4.5%. The big political story on Monday set out likely candi...