Rational Perspective
1,628 episodes - English - Latest episode: over 4 years ago -Rational Perspective is Alec Hogg's regular podcast.
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Episodes
The full hour of Rational Radio: 17 July 2019
July 17, 2019 18:16 - 1 hour - 57.6 MBHere's the producer's cut of the Rational Radio show broadcast on 17 July 2019. Featured this week in order of appearance: David Shapiro reminisces about the late Johnny Clegg who died yesterday; addresses the reasons for Impala and Aspen's fall from grace; and offers some juicy investment options. Lord Peter Hain speaks to us from London where he is putting pressure on global consulting firm Bain & Co, which has been fingered as the instigator of the decimation of SA Revenue Services. Invest...
Zuma testimony halted; Matjila - no bribes; retail sales grow; rate cut expected; Ford jobs; Musk’s brainwave
July 17, 2019 17:54 - 4 minutes - 4.16 MBIn today’s global business headlines: The Zondo Commission has been adjourned until tomorrow after former President Jacob objected to being cross-examined. The Democratic Alliance has asked the Zondo commission to investigate the ANC role in cadre-deployment at the SOEs. Former PIC chairman Dan Matjila denies having taken bribes. South Africa’s retail-sales grew by 2.2% in May. 1,200 new jobs have been created at Ford’s plant in Silverton. Elon Musk has unveiled Neuralink, a data transmission...
EOH lifts lid on R1bn scandal; Tongaat wants debt holiday; Amplats dazzles; GEPF looks offshore; Thiel targets Google
July 16, 2019 17:30 - 5 minutes - 4.78 MBJohannesburg listed ICT group EOH has been rocked by allegations of bribery, corruption and theft, with its CEO Stephen van Coller saying on Tuesday that an internal probe has revealed that "about eight" people had been involved in a "suspicious transaction" totalling R1.2bn between 2014 and 2017. The once-great Tongaat Hulett is fighting for survival. The KwaZulu-Natal corporate giant wants an interest repayment holiday on R11bn worth of debt and is cutting costs and restructuring, says Bloo...
Why Milestone's Oscar Phoku wants R80m in damages from the CCMA
July 16, 2019 14:39 - 7 minutes - 6.93 MBMilestone Property CEO Oscar Phoku has been through the wringer over the past five years, courtesy of South Africa's Council For Conciliation, Mediation and Arbitration. But his struggle came to a successful conclusion on July 4 when Justice Maletsatsi Betty Mahalelo ruled in his favour, and ordered the CCMA to pay all the legal costs. Now Phoku is suing the CCMA for R80m in damages suffered during those five years of hell after he acquired and refurbished a landmark Cape Town building which ...
Juan Lerena: Whistleblower who brought two colluding multinationals to heel
July 16, 2019 13:58 - 4 minutes - 4.02 MBSeven years ago, when Juan Lerena encountered things he couldn't stomach at his employer, Malaysian multinational Sime Darby Hudson Knight, he decided to do something about it. After resigning, Lerena reported the company and Dutch multinational Unilever to the South African competition authorities - and every other regulatory body he could think of. Sime Darby has admitted collusion and paid a fine of R35m. Unilever's hearing at the Competition Tribunal began on Monday (15 July) and is set d...
Nick Dreyer: Making SA's iconic Veldskoen into a global champion
July 16, 2019 13:33 - 8 minutes - 8.11 MBThere was no time in my recollection when my modest shoe collection did not include a pair of "vellies" - the iconic South African product that goes back to the days when people used animal hide to make their footwear. But it was only in January that I became acquainted with a supercharged version that is now being marketed globally by a company called well, Veldskoen. The stylish version of the old classic came to my rescue, via ace photographer Greg Beadle, during the World Economic Forum i...
EOH's Van Coller on the record: "Clearly, today is not a great day."
July 16, 2019 13:06 - 14 minutes - 13.3 MBEOH chief executive Steve van Coller has had a roller coaster ride since his appointment a year ago, hitting another trough this morning. At a hastily called media conference this morning, the CEO of the one time JSE darling, did his best to explain that Friday's resignations of two divisional heads and a non executive director of the board had nothing to do with corruption. The EOH share price, which has fallen from over R170 to R20 in the past three years, lost 4% today. Van Coller, who pre...
Zuma's Zondo song and dance; Eskom treasurer jumps ship; Zim inflation heads for 200%; China boosts rand
July 15, 2019 17:54 - 3 minutes - 3.65 MBIn today's headlines: Former president Jacob Zuma appeared at the Zondo commission to discuss allegations of corruption and state capture. Andre Pillay, who joined Eskom in 2011 and was made treasurer in 2016, will leave at the end of August. Inflation in Zimbabwe hits an eye-watering 176%, according to data released on Monday. China's second-quarter annual GDP growth fell to a 27-year low of 6.2%, as expected, but its quarterly growth reading of 1.6% beat forecasts, says Reuters. The big wi...
Zuma at Zondo: Odds shorten on another BRICs president behind bars
July 15, 2019 16:09 - 12 minutes - 11 MBWhomever advised Zuma on how to handle himself when providing testimony to the Zondo Commission Inquiry in to State Capture needs their head read. The first rule when you’re on the record, is to stick to a script: keep it short and clear. Zuma’s testimony was the precise opposite. Another critical rule, especially when you’re appearing on live television, is to pay close attention to your body language. Nowadays a few minutes on Youtube turns anyone into an expert on "exposing" liars. Zuma’s ...
SA's ETF scene explodes: What's hot, what's the next big thing in trackers - ETF heavyweight speaks to BizNews Radio
July 15, 2019 14:52 - 12 minutes - 11.4 MBSouth Africa's Exchange Traded Funds (ETFs) are mushrooming as investors snap up exposure to global market indices and assets like gold for as little as R125/month. In 2000, the first EFT was launched. There are now about 105 ETFs and ETNs, issued by about a dozen companies, with more than R90bn invested in these funds. It is the biggest product of its type outside unit trust funds, and is bigger than the private equity and hedge fund sectors. The market capitalisation of the ETF sector jumpe...
Orbvest's story: SA Entrepreneurs turn offshore idea into a winning formula
July 15, 2019 10:11 - 15 minutes - 14.7 MBIn this sponsored interview, the chairman and CEO of Orbvest's sat down with Biznews's Alec Hogg to unpack how a quest to diversify their own investments evolved into a fund that is now over $200m and growing fast. Successful entrepreneurs in their own right, Hennie Bezuidenhout and Martin Freeman are applying lessons learnt in their homeland to the US market with predictable and profitable consequences. See omnystudio.com/listener for privacy information.
Zuma in spotlight; $2bn Tuna Bond twist; Hulamin slumps to loss; Huawei lays off US staff
July 14, 2019 19:40 - 4 minutes - 4.26 MBFormer South African president Jacob Zuma is back in the spotlight today when he takes the stand at the Deputy Chief Justice Raymond Zondo’s commission of inquiry into State Capture. There’s been another twist in Mozambique’s $2bn Tuna Bond scandal. South Africa’s new justice minister, Ronald Lamola, has blocked the release of former Mozambiquan finance minister Manuel Chang, who is deeply implicated in the scandal. China’s Huawei Technologies is planning extensive layoffs at its US operation...
The Editor’s Desk: The strange truth about the SA housing market
July 13, 2019 09:11 - 16 minutes - 15.2 MBIt’s no secret that the SA housing market is not in great shape. House prices are down, sales are few and far between, and there are many lovely homes standing empty in good suburbs in Joburg and Cape Town. But the picture may not be quite as dire as it seems. Alec Hogg is currently looking for a home, and his perspective on the housing market is worth hearing. In this episode, Alec Hogg and Felicity Duncan talk about Alec’s experience with house shopping and what it tells us about how South ...
Cyril's soldiers go marching in to tackle gang crime on Cape Flats
July 12, 2019 15:39 - 11 minutes - 10.7 MBIn most countries, calling the troops into suburbs will not be met with shouts of approval. But in Philippi and Hanover on the Cape Flats where gang violence has turned the lives of so many people into misery, the local residents and community policing forums have asked the SANDF to intervene as it became clear that the police have lost control over such areas. The Daily Maverick reports that “mortuary statistics suggest that 900 people” have died in gang violence in the first six months of t...
Eskom PIC rescue; Rand rebound; Woolies improved outlook; SAA chair flies off; Q2 recovery?
July 11, 2019 18:57 - 4 minutes - 3.88 MBIn today's business headlines: A proposal by the PIC has become a rescue option for embattled Eskom; The Rand strengthened as the Eskom proposal soothes nerves and a global rally following dovish US Fed outlook; Bitcoin shares battered after US Fed poured cold water on Facebook's Libra; Woolworths shares rose by 5.99% to their highest level in 6 months; South Africa may escape a recession in the second quarter and; SAA Chair departs. See omnystudio.com/listener for privacy information.
Woollam on Tongaat latest: Auditors must be more Bloodhound, less Labrador
July 11, 2019 16:00 - 12 minutes - 11.3 MBIn a superbly researched Financial Mail cover story this week, editor Rob Rose leads one to the obvious conclusion that Tongaat CEO Peter Staude bet the proverbial farm on a sugar price rebound. That aligns with the view of former banker Dave Woollam, a CA, who unpacked deficiencies that accumulated in the Tongaat accounts over a decade. Woollam returned to Rational Radio this week to update us on the latest at the embattled KZN business - and offer his insights on Lord Donald Brydon's UK com...
David Shapiro: Take Naspers offshore option and pay the tax now
July 11, 2019 09:36 - 10 minutes - 9.97 MBOn Rational Radio this week, SA's favourite market commentator shares his call on Naspers's Dutch listing and finds us another company on the Amsterdam Exchange that he has bought into. Shapiro also assesses Brian Joffe's proposed R500m investment into Edcon - reckoning that the veteran entrepreneur was done a huge favour by not being allowed to invest. And offers some upbeat perspectives on the investment by Joffe's Long4Life in mushrooming SA footwear startup Veldskoen. - Alec Hogg See omn...
ArcelorMittal SA job losses, Lesetja gets 5 more; Ramos on PIC board; Ramaphosa honeymoon over; Gordhan hits back
July 10, 2019 18:06 - 4 minutes - 4.32 MBIn today's global headlines: ArcelorMittal SA shares plunge with job loss announcement; Rand and gold buoyed as US Fed rate cut expected; Reserve Bank Governor Lesetja Kganyago will serve another five years; Maria Ramos on new interim board at the Public Investment Corporation' Bloomberg says the Ramaphosa honeymoon is over; and Public Enterprises Minister Pravin Gordhan has applied for an urgent bid to interdict the Public Protector's remedial action against him. See omnystudio.com/listener...
Jean Pierre Verster: Advice on Naspers offshore listing, property - and Abil
July 10, 2019 17:07 - 11 minutes - 10.7 MBBiznews community members love Jean Pierre Verster, rating him one of their most popular investment commentators. And he certainly didn't disappoint in this week's episode of Rational Radio. In this fascinating interview he explains why five years after the collapse of Abil, the story isn't over yet - especially not for Preference Share owners. He also unpacks the options available to Naspers shareholders on the listing of its offshore assets in Amsterdam; and takes a close look at SA's bombe...
Rational Radio 10 July - The full show
July 10, 2019 16:45 - 1 hour - 59 MBTwo citizen activists, two of the country's best money managers, a chartered accounting whistleblower, an entrepreneur turning an iconic SA brand into a world beater plus the best cell phone network - lots of variety and insights in this episode of Rational Radio. Guests on the show were: Oscar Phoku, CEO of Milestone Proeprty, which successfully sued the CCMA after the State organ reneged on a R100m deal to lease 1 Heerengracht in Cape town; Ace money manager Jean Pierre Verster who explains...
Eskom chair joins MultiChoice; PIC’s Matjila cries foul; Zim politician treason charge; Branson space tourism IPO
July 09, 2019 17:59 - 6 minutes - 5.87 MBEskom chairman Jabu Mabuza has raised eyebrows for accepting yet another directorship instead of concentrating on fixing the power utility, which needs a government bail-out and its problems are believed to be the biggest obstacle to an improvement in South Africa's economic growth. A lifestyle audit has failed to turn up evidence that Daniel Matjila, former CEO of the country's biggest fund manager, is corrupt, a probe into irregularities at the Public Investment Corporation has heard. The ...
How to make your money last in retirement - Schalk Louw
July 09, 2019 14:20 - 9 minutes - 8.82 MBYou often hear stories of retirees in South Africa who battle to juggle their finances as medical expenses and day-to day living keep on increasing without access to extra funds. Add this to people who regard themselves ripe for retirement, but simply can’t afford to. As Alec Hogg pointed out in our morning meeting; retirement was invented by Otto von Bismarck in 1881 and it was given to soldiers as a reward for risking their lives for the handful of years they were expected to last after the...
Steinhoff's new CFO; Stop being Twits - Cyril; Zim inflation horrors; Deutsche Bank fizzles; Boeing gets dropped
July 08, 2019 18:13 - 4 minutes - 3.71 MBEmbattled multinational retailer Steinhoff, listed in Johannesburg and Frankfurt, announced on Monday that Theodore de Klerk would take over as its new CFO on September 1. President Cyril Ramaphosa has criticised Finance Minister Tito Mboweni, Minister of Transport Fikile Mbalula and the premier of Gauteng province, David Makhura, for “unbecoming” behaviour on social media after a Twitter spat on electronic road tolls in country’s richest province, reports Bloomberg. As inflation in Zimbabwe...
Matjila's dirty laundry; Deutsche closing trading division; Eskom CEO delay; Market movers TSX, ASP, KIO
July 07, 2019 16:54 - 4 minutes - 4.54 MBMore dirty laundry will be publicly aired today when Dan Matjila, the former chief executive of South Africa’s Public Investment Corporation, takes the stand at the PIC Commission of Inquiry. One time global trading powerhouse Deutsche Bank has announced plans to radically shrink its investment bank, the company’s long-time dominant revenue generator. Eskom will only name a new acting chief executive at the end of July when incumbent Phakamani Hadebe physically steps down. On the JSE Frida...
The Editor’s Desk: Oilgate & SARS – how SA’s getting its own back
July 06, 2019 09:03 - 13 minutes - 12.8 MBMany South Africans seem stuck in despair about the looted billions of the Zuma years, but events at SARS and developments with Oilgate show that hope truly springs. Despite the best efforts of the bad elements in SA society, many good people are working hard to punish wrongdoers and regain what was lost to looters. In this episode, Alec Hogg and Felicity Duncan discuss Oilgate and the civil society response to it. They explore how quick legal action may save South African taxpayers billions ...
How to change your short-term thinking to build wealth Dawn Ridler
July 05, 2019 14:04 - 6 minutes - 6.11 MBShort-term thinking is a wealth-destroyer. What is it and how can you safeguard against it? Johannesburg Certified Financial Planner and wealth ecologist takes us through this all-important psychological phenomenon and provides practical pointers on how to adjust your personal finance moves. See omnystudio.com/listener for privacy information.
SABC's 3-month cover; Comair gets SAA boost; Rand breaks 14; Glencore wants Rio's aluminium; more SARB fire dousing
July 04, 2019 19:10 - 4 minutes - 4.09 MBIn today's business headlines: With only three months of salaries secured for the SABC, its COO says its future now lies with the banks; A sharp increase of more than 20% is expected in Comair’s earnings thanks to a court settlement; The rand strengthened to below R14 to the dollar yesterday, its best level against the greenback since late April; Glencore is one of at least three companies interested in buying Rio Tinto’s aluminium assets in Europe; Nigeria has told its banks that they should...
Paul O Sullivan: Corrupt Eskom managers took their cue from rotten CEO
July 04, 2019 09:17 - 10 minutes - 9.75 MBA corporate fish might rot from the top, but once the disease sets in it spreads far beyond what most would anticipate. On Rational Radio this week, Forensics For Justice founder Paul O'Sullivan shared the story of an Eskom manager with signing power on contracts up to R750m who abused this trust to line his own nest. The corrupt manager, Magope Frans Hlakudi, granted contracts worth billions to Portuguese citizen Antonio Trindade - banking bribes worth tens of millions for his imaginatively ...
A chat with big spending King Price founder Gideon "42 pitches" Galloway
July 04, 2019 09:08 - 8 minutes - 8.09 MBOn Rational Radio this week, we caught up with persistent financial services entrepreneur Gideon Galloway after he had sealed the R140m acquisition of Stangen. It was a fascinating conversation as Galloway explained how a presentation by a BMW executive got him started towards creating the disruptive short-term insurer King Price. And after swallowing up his own savings, hit the road with 42 pitches to potential investors before landing the financial support that kicked his dream into action....
Trevor Manuel's winning libel lawyer Dario Milo on SA's mushrooming defamation suits
July 04, 2019 08:36 - 13 minutes - 12.4 MBOn Rational Radio this week, SA's pre-eminent media lawyer Dario Milo spoke about the recent mushrooming of libel cases including Independent Newspapers chairman Iqbal Surve's R100m suit against former activist and labour journalist Terry Bell. Milo, who is usually on the side of media defendants, successfully represented SA's former finance minister Trevor Manuel in his record R500 000 defamation award against the EFF. Apart from practicing as a director of Webber Wentzel, Milo is also the a...
Miners pollute Mpumalanga water; Naspers gets SA CEO; No QE in SA; Business Confidence ticks up
July 03, 2019 19:09 - 5 minutes - 4.97 MBCoal miners accused of polluting water in Mpumalanga; Business confidence ticks up slightly; Deputy Finance Minister David Masondo says the government will not consider quantitative easing; Naspers appoints Phuti Mahanyele-Dabengwa as CEO of its South Africa business; Tesla returns to growth mode; and Nestlé ditches plastic for paper. See omnystudio.com/listener for privacy information.
David Shapiro in NYC: Soaking in US mood, a Nasdaq listing, what to buy
July 03, 2019 16:51 - 14 minutes - 13.1 MBOn Rational Radio this week, Biznews.com's Alec Hogg caught up with SA's favourite market commentator who is visiting family in New York City. David talks about the mood in the US, witnessing his first Nasdaq listing and what he has learnt about the stocks South Africans should be buying - mini-spoiler: he loves Naspers but isn't that excited about Uber. See omnystudio.com/listener for privacy information.
Rational Radio 3 July - O'Sullivan, Shapiro, Milo, Galloway and Markets
July 03, 2019 16:34 - 54 minutes - 50.1 MBIn this producer's cut of the Rational Radio show for Wednesday July 3, Biznews's Alec Hogg gets in depth with this week's guests: Unpacking corruption at Eskom with Paul O'Sullivan; Entrepreneurship with King Price founder and CEO Gideon Galloway; the mood in the US, a Nasdaq listing and investment picks with David Shapiro; and the spate of defamation actions - and a plea to introduce SLAP legislation - with SA's leading media lawyer Dario Milo. See omnystudio.com/listener for privacy inf...
World Bank backs Eskom; Zim pays Eskom some; Steinhoff targets Jooste’s assets; SA miners want 48%
July 02, 2019 18:09 - 5 minutes - 4.76 MBThe World Bank says SA will save Eskom. Details of a R230bn rescue package are due to be unveiled soon, says Bloomberg. Zimbabwe has paid back some of the money it owes for electricity provided by Eskom. South African retail giant Steinhoff wants its former CEO Markus Jooste to repay millions he received in salary and bonus payments. Medical snake oil is an age-old problem, but the internet has dramatically extended the reach of bad actors peddling fixes for complex conditions that don’t alwa...
Moyo dishes dirt on Manuel; Trade war talk boosts rand; Eskom coal plants face closure
July 01, 2019 18:04 - 4 minutes - 4.27 MBThe battle between Old Mutual’s sacked CEO Peter Moyo and the life assurer’s chairman, Trevor Manuel, has intensified, with Moyo claiming that he was fired in a tit-for-tat type move after raising a red flag about Manuel’s conflicts of interest. South Africa's rand started the week stronger after the United States and China agreed to restart their troubled trade talks, lifting the mood across emerging markets. The improvement in the relationship between China and the US also helped lift Wall ...
Trade war "off"; US shares 1H surge; Anglo's $8.5bn to SA; King Price swoops; Transhex rebounds
June 30, 2019 16:30 - 4 minutes - 4.47 MBThe year long on-off-on trade war between the US and China is apparently off again after the countries’ leaders lunched for an hour and a half on Saturday. On Friday, international mining company Anglo American plc disclosed in its 2018 tax and economic contribution report, that South Africa remains the group’s most important area of operations. Still with mining, South African diamond producer Trans Hex, posted a strong turnaround in the year to end March, delivering profit of R144m compar...
The Editor’s Desk: Discovery Bank is on to a winner & where to for Tiso
June 29, 2019 09:11 - 19 minutes - 17.8 MBDiscovery has long been one of South Africa’s most innovative companies, and it looks like Discovery Bank is no different from, say, Discovery Health. Biznews recently caught up with Discovery founder Adrian Gore to talk about the company’s plans for the banking sector. In this episode, Alec Hogg and Felicity Duncan look at what makes Discovery Bank unique and how the company may just have a global impact. They also look at the week’s other big news, Tshepo Mahloele’s acquisition of Tiso Blac...
Adrian Gore: R6bn invested, pilot done, Discovery Bank moves to next level
June 28, 2019 05:43 - 10 minutes - 9.38 MBSuper entrepreneur Adrian Gore has plenty on his plate, such is the lot of someone building a disruptive global business. But over the past few months much of his focus has been on the financial services group's new South African bank - a project into which R6bn has already been invested with a further R1bn still required. After a pilot of 1,000 clients, the new bank is now ready to move to the next level. Using the strategy of specific incentives to change behaviour and help its customers he...
Oilgate: Glencore caves on steps of the court as cost to SA exceeds R4.5bn
June 27, 2019 19:36 - 10 minutes - 9.8 MBStefanie Fick, the chief legal officer at OUTA, has been keeping a close eye on the allegedly illegal sale of South Africa's strategic oil reserves - the cost of which is now over R4.5bn. On Rational Radio this week she unpacked the story, including the last minute caving by sale beneficiary Glencore, which was threatening to use the law to stop incriminating documents being presented to the court. See omnystudio.com/listener for privacy information.
James Edward: How to get your SA inheritance if you're living abroad
June 27, 2019 19:22 - 6 minutes - 5.55 MBOn Rational Radio this week Sable's SA head of forex James Edward James unpacks the process for those living abroad who inherit from SA trusts and deceased estates. Edward has 35 years of banking experience, 15 of these intimately involved in international trade finance, including eight years as head of Capital Equipment Imports and Trade Finance at Nedbank Corporate. See omnystudio.com/listener for privacy information.
Flash Briefing: Tiso Blackstar billion rand deal with Lebashe; Glencore shares drop; Recession fear but investment flows in; Fuel price to drop; Swiss stocks barred from EU trading
June 27, 2019 19:00 - 4 minutes - 4.5 MBIn today's business headlines: Tiso Blackstar has sold its media, broadcast and content businesses to the Lebashe Investment Group Glencore shares fell sharply as at least 19 miners are killed in the DRC The South African economy is stuck in a long downward cycle but investment is starting to flow in July could bring a price drop for motorists Swiss stocks will be barred from trading in the European Union from next week which could have a ripple effect on the London Stock Exchange See omny...
Bloemfontein teen racer Stuart White setting his sights on Formula 1
June 27, 2019 17:51 - 7 minutes - 6.77 MB27 June 2019 by Linda van Tilburg In motorsport circles in South Africa, Stuart White has been called the Bloemfontein Bullet, White Lightning, even Baby Vettel or Stuwie. White is a 17 year old teenager from Bloemfontein who has been taken on by Sauber Motorsport earlier this year where so many great drivers like Kimi Raikkonen and Charles Leclerc started their Formula One careers. Like many other Formula One legends, Lewis Hamilton comes to mind, Stuart started his career in go-karts. He ...
SA entrepreneurs open Orbvest to others, US medical property fund at 8% yield
June 27, 2019 17:18 - 15 minutes - 14.6 MBIn this week's episode of Rational Radio, Martin Freeman, a successful South African entrepreneur and now New York-based CEO of Orbvest, unpacks the strategy behind the $200m fund that's yielding 8% a year. See omnystudio.com/listener for privacy information.
Wendy Machanik: Buyer's market for SA homes - and banks are loosening up
June 27, 2019 17:11 - 4 minutes - 4.04 MBIn this week's episode of Rational Radio, South African property guru Wendy Machanik unpacks the state of the residential market - buyers have the whip hand and banks are getting more aggressive in their lending. See omnystudio.com/listener for privacy information.
Steinhoff wants R850m from Jooste; Dodgy bookkeeping at municipalities; SOE rescue plans; Bitcoin keeps soaring
June 26, 2019 19:18 - 5 minutes - 5.01 MBIn today's business headlines: Steinhoff wants R850 million back from the company’s former CEO Markus Jooste. Irregular expenditure at municipalities has reached R25 billion in the 2017/18 financial year with only 7% returning clean audits. Eskom unveils restructuring plans to London investors while Treasury indicates saving the power utility is more important than ratings A bit of the shines comes off for miners as their winning streak ends and Bitcoin continues its upwards climb See om...
Grow investments in a slow economy: Think like a wealth ecologist - Dawn Ridler
June 26, 2019 06:30 - 10 minutes - 9.41 MBJohannesburg-based money expert Dawn Ridler swapped a scientific career studying the environment for strategising around personal finances. In this interview, Dawn shares what a wealth ecologist is and how you can harness some ecology ideas to grow your savings and investments in a struggling economy. - Jackie Cameron See omnystudio.com/listener for privacy information.
Amplats shines; Denel can’t pay staff; Zimbabwe currency anger; Gold keeps running; Brexit will nail Ireland
June 25, 2019 19:33 - 4 minutes - 4.31 MBOn the JSE, mining stocks were the big movers upwards, with Angloplat, Implats and Sibanye all gaining about 5%. Gold prices surged to a five-year high on Tuesday, extending gains for a sixth straight session, on the back of expectations of monetary easing by the U.S. Federal Reserve and a subdued dollar. South Africa’s state-owned arms manufacturer Denel will not be able to pay its staff full salaries this month. Mass protests loom in Harare, where the government has banned the use of forei...
People died in “fairly large numbers” because of State Capture. – Corruption Wat
June 25, 2019 16:13 - 12 minutes - 11.8 MBIt is now well-known how Jacob Zuma and his associates destroyed capacity at many state institutions during his nine year tenure as President of South Africa. We get daily reminders as Eskom struggles to keep the lights on and keeps professing a very large begging bowl. Much more sinister, though was the way Zuma ploughed through crime fighting units, replacing competent operators with compliant agents. What has not been clear up to now is that the deterioration of these crime fighting instit...
KPMG auditor banned for state capture; SA tourism in growth spurt; Gold soars; JSE revenue plummets; Zim dollar returns
June 25, 2019 06:06 - 4 minutes - 4.15 MBA KPMG auditor has been barred from accounting work for his role in the state capture scandal. South Africa is growing in popularity as a tourism destination, with a marked rise in the number of international visitors. Gold rallied to a near six-year high on Monday as the US-Iran dispute intensified. Johannesburg-listed mining companies. Sibanye, Harmony and Anglo Gold were the major movers upwards, JSE Ltd was the big loser. The Zimbabwe Dollar has returned, a decade after it became worthle...
CFO shares the Naspers playbook: Another Tencent on the horizon?
June 24, 2019 08:28 - 27 minutes - 24.8 MBThe incredible story of Naspers is testimony to fact that success follows laser-like focus based on the right long-term vision. In this insightful interview with Naspers CFO Basil Sgourdos, the group has followed a similar playbook for decades: travel widely, expose yourself to global trends, take disciplined bets in promising areas, and as trends are confirmed, increase the scale of the bets. You could also describe the Naspers playbook as one of actively seeking out Fat Pitches globally and...