BizNews Radio

In this episode of BizNews Briefing where host Alec Hogg gets context from those who know on big SA stories of the moment including the incompetent SARU sale of the Springboks; Dodging Justice Minister Thembi Simelane; SA Parliament getting involved in Equitorial Guinea’s jailing of two SA engineers on trumped up charges; and the CEO perspective on financials just reported by EOH and Famous Brands.

In this episode of NewsWrap, Jakkie Cilliers, Chairman of the Institute of Security Studies and globally renowned futurist, says South Africa needs to stop being played by its BRICS counterparts, Russia and China; WeBuyCars co-founder and Chief Executive Faan van der Walt discusses the company's financial results for 2024 and growth outlook, following their listing on the JSE in April this year; Denker Capital Director Kokkie Kooyman shares insights into the crisis-stricken wealth-management firm Sasfin, and the origins of their poor full-year results; and deposed Western Province Rugby Football Union president Zelt Marais on the controversial $75 Million deal between SA Rugby and the Ackerley Sports Group.

In a recent interview on BizNews, Alec Hogg spoke with Faan van der Walt, CEO and co-founder of Webuycars, about the company’s impressive growth, challenges of going public, and its future outlook. Webuycars, now listed on the JSE, has experienced strong top-line growth of over 20%, though it faced a dip in headline earnings per share due to non-recurring costs associated with the listing. Faan discussed how major institutional investors, including Coronation and Aylett & Co., have backed the company, and he expressed optimism about reaching the ambitious goal of selling 25,000 vehicles per month in the near future.

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A massive, multi-year research project by the Institute for Security Studies reached a jarring conclusion - South Africa’s economic stagnation directly results from ideology trumping pragmatism. ISS chairman Jakkie Cilliers, a globally celebrated futurist, says SA’s leaders know exactly what to do to put the nation onto the path to prosperity and poverty alleviation. But a lack of execution and confused leadership is holding back the nation.

Zelt Marais, president of Western Province Rugby, has raised concerns about financial mismanagement in South African rugby. In an interview, he criticized SARU’s undervalued equity deal and lack of transparency, while calling for government intervention to protect community clubs and ensure the sport’s sustainable future.

In an enlightening conversation, Kokkie Kooyman of Denker Capital shares insights into the troubled saga of Sasfin, a bank with a storied history. From its early days of pioneering leasing to its recent struggles with fraud and rising non-performing loans, Kooyman highlights the systemic issues that have plagued the institution. As Sasfin faces a potential delisting from the JSE, Kooyman emphasizes the lessons for the banking sector in South Africa.

In this episode of the BizNews Briefing, host Alec Hogg is joined in the studio by WeBuyCars founder and CEO Faan vd Walt; former WP Rugby President Zelt Marais; and Denker Capital’s Kokkie Kooyman.

In this engaging interview, Ranmore Fund Manager Sean Peche shares candid insights with Bloomberg's Merryn Somerset Webb, challenging the traditional investment narrative. Peche discusses his approach to evaluating stocks without meeting management, the pitfalls of chasing tech stories like Nvidia, and why he believes in relying on hard numbers over compelling CEO stories. He highlights Ryanair's resilient performance, Petrobras' dividend power, and the risks of paying too much for future growth. With a focus on value investing, Peche emphasizes the importance of avoiding hype and sticking to fundamentals in an unpredictable market.

In today's BizNews NewsWrap, we bring you the latest highlights, from Russia’s BRICS summit to the resurgence of South Africa’s banking sector. Tune in for expert insights from Peter Armitage on SA market optimism, Steven Hurwitz on Naspers’ unusual 100 day trading update, and mining maven Peter Major on Anglo American and Sasol. We also dive into RW Johnson’s thought-provoking analysis on whether African states should receive veto power in the UN Security Council. Catch all this and more on BizNews.com, TV, and Radio!

Speaking to Alec Hogg on this morning's BizNews Briefing podcast, Peter Major, a prominent mining analyst, shared insights into the future prospects of Anglo American amidst ongoing market challenges. He discussed the company’s strategic initiatives to enhance operational efficiency and diversify its portfolio in response to fluctuating commodity prices and economic uncertainties. Major emphasized that despite short-term headwinds, Anglo American's focus on sustainable practices and innovation positions it well for long-term growth. He also highlighted the importance of adapting to global trends, such as the transition to green energy, which could unlock new opportunities for the mining giant in the years ahead.