BizNews Radio

ActionSA leader Herman Mashaba is ready to take legal action over social media posts by political economist Phumlani M Majozi and some other commentators. In this interview with BizNews, he says: “…we will honestly get some of the best lawyers to put them in front of the nation to really give us evidence of the nonsense they are promoting of us as black people to really be corrupt, that we don't have values of hard work.” Mashaba’s party is is also getting ready to bring a motion to get rid of former Johannesburg Mayor turned MMC Kabelo Gwamanda who is currently on special leave following his arrest over allegations of fraud. “I fail to understand why the ANC is actually failing to deal with this Gwamanda, the former mayor. Now they put him as the MMC, someone who actually cheated the poor black people in Soweto.” Furthermore, he says ActionSA is putting pressure on the ANC government to help turn around Johannesburg. He also gives an update on the governance issues in Tshwane where his party now holds the mayoral position. And he hails the return to ActionSA of dozens of formerly disgruntled activists in preparation for the 2026 municipal elections.

In this episode of the BizNews Briefing, host Alec Hogg is joined by Piet Viljoen of Re:CM; Evan Walker of 36ONE; Anthony Ginsberg of Ginsglobal (from California); Gerhard van Deventer, Enforcement director at the FSCA; and Jason Welz, head of crypto at Jaltech.

An anonymous whistleblower has come forward with troubling details about Banxso, an online investment platform accused of deceptive practices and linked to deepfake ads featuring well-known personalities like Johann Rupert and Hashim Amla. The whistleblower, a senior figure in the financial sector, described a suspicious encounter with Afrimarket, a platform with striking similarities to Banxso, including an alleged shared chief operating officer. After responding to a Facebook ad, he was pressured to invest without transparency around risk profiling or the expertise of his assigned "advisor." His findings raise concerns that Afrimarket could be a rebranded clone of Banxso, targeting South Africans with aggressive sales tactics to exploit unsuspecting investors.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

In today’s BizNews Newswrap, DA's Ian Cameron delves into the SAPS's leadership issues and the need for a skills audit to address crime at its roots. Bloomberg provides insights on Pick n Pay's upcoming Boxer IPO, potentially Africa’s largest for the year, while a whistleblower shares claims of a clone mimicking Banxso to scam investors. Alec Hogg and Magnus Heystek discuss the booming US tech sector, where Nvidia's stock value may be affected by the big spenders' earnings reports. We also hear from Willie Aucamp and Jaco Rabie on the Stellenbosch University scandal that’s sparked calls for leadership accountability. Find all these in-depth discussions and more on BizNews.com.

In a recent BizNews interview, Magnus Heystek, founder and chief investment officer of Brenthurst Wealth, shared insights on the impact of the American stock market on South African investments, especially in light of a strong year for global equities. Highlighting the influence of U.S. tech giants like Nvidia and Alphabet, Heystek noted that South African investors are increasingly exposed to international markets, benefiting from global growth and diversification. He also discussed challenges in the local property market, specifically for companies like Balwin Properties, which are struggling due to high interest rates and reduced mortgage approvals. In a shifting economic landscape, Heystek emphasizes the importance of adapting portfolios and encourages engagement in financial literacy to help young investors understand and benefit from these trends.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

In South Africa, more than 8 million of our 12.5 million school pupils walk to school as their families cannot afford private transportation. The danger some of them face has been highlighted by a recent story of the pupils of a remote village of eNkovukeni in far northern KwaZulu-Natal who have to cross a lake with hippos to get to the Nhlange Secondary School in Manguzi. A non-profit organisation, The Love Trust, which runs the Nokuphila School in Tembisa, has devised a plan to provide safe and dependable transport to its pupils. They invite businesses to sponsor a seat through the Nokuphila Transport Programme. Mmatsie Motimele, a fundraiser for The Love Trust, told BizNews in an interview that a key contributor to the school's high attendance record is their commitment to providing safe and dependable transport to their pupils. Seats can be sponsored on the GivenGain website. The annual cost per child is R8,941.

Ian Cameron, DA spokesperson on police, addressed the need for a SAPS leadership audit to tackle inefficiency and political appointments, which he sees as root issues behind South Africa’s crime challenges. He also criticised the controversial BELA Bill, which allows schools to facilitate abortions for minors without parental consent.

Jaco Rabie and DA MP Willie Aucamp discuss allegations that Stellenbosch University’s Vice-Chancellor and Council Chair altered an independent panel’s report on the Wilgenhof residence closure, withholding alternatives from the council. They demand an independent investigation and accountability to restore transparency and trust.

In this episode of BizNews Briefing, host Alec Hogg is joined by Magnus Heystek for context on the freshest business and investment news; we meet an anonymous whistleblower who has uncovered a clone of the suspended Banxso; Jaco Rabie and Willie Aucamp, MP call for strong action after bombshell developments on the Stellenbosch University’s Wilgenhof saga; and Ian Cameron MP celebrates the SAPS leadership skills audit - and shares the likely consequences. Plus Gayton McKenzie on the GNU and Zuma; overnight business news and a new opponent of the BELA Bill.

In today’s Newswrap, we break down top stories in South African politics, finance, and international news. Sports Minister Gayton McKenzie addresses the Springbok equity deal; campaign strategist Makone Maja weighs in on ANC dynamics and Ramaphosa's potential successors; and legal expert Christopher Cordeiro critiques the BELA Bill’s impact on education reform. Plus, financial analyst David Shapiro offers a perspective on the US elections, and Bloomberg reports on an optimistic tech earnings forecast. Join us for an in-depth look at today’s headlines!