* China’s Covid-19 vaccine by Sinovac Biotech is set to be approved in South Africa soon, says The South African Health Products Regulatory Authority.

* This news comes as world media outlets report on how South Africa, the worst-hit country in the continent, has reported a doubling of new daily cases over the past two weeks, with no sign of the rise slowing.

* Prosus NV , the international investment arm of South Africa’s Naspers, reported a better than expected net profit of $7.45 billion for 2021.

* The extraordinary recovery of the U.S. economy is likely to make the country the world’s top destination for overseas investment this year and next, according to new United Nations projections.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; the chief executive of Naspers and Prosus Bob Van Dijk; PPC CEO Ronald van Wijnen; TreasuryONE currency strategist Andre Cilliers and the BizNews Power Hour Team.

Roland van Wijnen, CEO of cement company PPC, joined host Alec Hogg and market commentator David Shapiro on the BizNews Power Hour. The trio discussed PPC's results - released June 21st - and what happened to the share price in the past. In 2018, the share price was R9 and dropped all the way down to just 50 cents last year. CEO van Wijnen unpacks what happened and how the company got into that situation. In a statement released by the company, the CEO said "My gratitude goes to all my colleagues at PPC. They have worked tirelessly under very stringent health and safety protocols to keep PPC going and sustain our purpose of empowering people to experience a better quality of life."

TreasuryONE currency strategist, Andre Cilliers joined Alec Hogg and the BizNews Power Hour team to let us in on what the US inflation means for the rand and offshore investments.

Under-fire chief executive Bob Van Dijk was the flagship guest for Monday's BizNews Power Hour with the Dutchman unpacking Naspers and Prosus encouraging results with BizNews founder, Alec Hogg. Van Dijk, who has come under scrutiny in recent years regarding his inability to unlock value for shareholders, gave fascinating insights into the stables growing e-commerce assets. Naspers has made some big bets in the food delivery and EdTech space in recent years, which according to Van Dijk, are starting to bear fruit. Will the Van Dijk critics be proven wrong? Only time will tell.

Many of South Africa’s rural towns are a sorry sight. Thousands of potholes and infrastructure that is falling apart are the order of the day, with poor municipal services to boot. But a fresh breeze is blowing through many towns, as citizens from across the political spectrum are tired of waiting for government to fix things and are doing it for themselves. An organisation that sits behind many of the efforts to get communities together is South Africa Day. BizNews caught up with Barend la Grange, the Chief Operating Officer, who has just completed a 10-day tour of rural towns to see how the projects are progressing. He tells the story of how Senekal’s 4,852 potholes are being tackled.

BizNews editor-at-large Jackie Cameron had a fantastic interview with Counterpoint value fund manager Piet Viljoen today, in which they went back to basics. With many of us paying - perhaps - too much attention to Mr Market’s movements, it is refreshing to get Viljoen’s perspective on everything from the fundamentals of value investing to the benefits (or lack thereof, in Viljoen’s view) of investing in residential real estate in South Africa. Also, it’s always a plus to hear what this expert has on his radar and in his portfolio.

In today's headlines:

*Former Eskom board chair and businessman Jabu Mabuza passed away on Wednesday night due to Covid-19 complications.

*AngloGold Ashanti has had a bad year, with the company’s lack of a permanent chief executive officer and a suspension of its Ghana mine operations weighing on the stock.

*Gold declined below $1,800 an ounce as the Federal Reserve sped up its expected pace of policy tightening amid optimism about the labor market and heightened concerns over inflation.

In this episode of the BizNews Power Hour, Jackie Cameron is joined by co-host Piet Viljoen; Sanlam CEO Paul Hanratty; former Johannesburg Major Herman Mashaba; Andrew Amoils of the New World Wealth and the BizNews Power Hour Team.

Andrew Amoils, an analyst at New World Wealth, specialises in keeping a close eye on how the world's wealthiest people spend their money. He joined the BizNews Power Hour to discuss the report he's just compiled on the top 10 lifestyle estates in the world for 2021. No less than three South African properties have made the list, including Val de Vie, Steyn City, and Fancourt.