BizNews Radio

This episode of the BizNews Briefing features UIM President Neil de Beer on the late Tito Mboweni as well as President Ramaphosa's Phala Phala scandal; AltVest founder and CEO Warren Wheatley discusses developments with the company; Alec Hogg speaks to Calgro M3 CEO Wikus Lategan; our partners at Bloomberg report on Elon Musk's successful SpaceX launch; plus today’s market commentator, Andrew Vintcent from ClucasGray. On Mondays, the BizNews Briefing is hosted by Nielsen Network CEO, Bronwyn Nielsen.

Despite a 10% drop in share price due to a slight revenue decline, Calgro M3 emphasises long-term profitability and diversification into memorial parks. Group CEO Wikus Lategan, highlights in this interview with Alec Hogg, strong gross profit margins and the memorial parks' role in mitigating cyclical risks while ensuring stable cash flow in uncertain economic conditions.

In this episode of the Sunday Show, Neil de Beer of the United Independent Movement, explains why President Cyril Ramaphosa should face private prosecution over Phala Phala, and why Democratic Alliance (DA) leader John Steenhuisen should step back from his Minister of Agriculture position to focus on the leadership of his party. De Beer describes how gatvol he is of the politicians who have battled it out for control of Gauteng Metros. He further dissects the freshly-launched Constitution of former President Jacob Zuma’s MK Party, hails the departure of impeached judge Dr John Hlophe from the Judicial Service Commission (JSC) - and pays tribute to the former Finance Minister Tito Mboweni who died suddenly at the age of 65.

In this insightful interview, Fairtree portfolio manager Cornelius Zeeman discusses the firm's growth, their global investor base, and the challenges of investing in South African markets. He highlights the scepticism foreign investors have following the "Ramaphoria" era, emphasizing the need for sustained economic growth and policy certainty. Zeeman also shares views on opportunities in cyclical companies and the cautious optimism surrounding the mining sector. Zeeman spoke to BizNews editor Alec Hogg.

Equites Property Fund sees growth in logistics and warehousing sectors, driven by strong retailer relationships and rising e-commerce. CEO Andrea Taverna-Turisan emphasises the importance of logistics giants like DHL and DSV, highlighting the challenge Amazon's entry poses. Renewable energy and infrastructure efficiency remain key to future competitiveness. Taverna-Turisan spoke to BizNews editor Alec Hogg.

This episode of the BizNews Briefing features ActionSA leader Herman Mashaba on the DA and Gauteng; SARS Senior Manager Bernard Kruger on Crypto tax; Equites Property Fund CEO Andrea Taverna-Turisan; Mantengu Mining CEO Mike Miller; plus today's market commentator, Cornelius Zeeman from Fairtree Investment. The BizNews Briefing is hosted by Alec Hogg.

Mantengu Mining, under the leadership of CEO Mike Miller, is poised for transformation with the strategic acquisition of the Blue Ridge Platinum mine. Mantengu Mining, under the leadership of CEO Mike Miller, is poised for transformation with the strategic acquisition of the Blue Ridge Platinum mine. This deal represents a significant opportunity to unlock intrinsic value from distressed assets in a challenging economic landscape. Miller highlighted the plan to utilise Blue Ridge’s million-ton dump of high-grade chrome and PGMs, which could drive substantial production. By adopting a phased approach, Mantengu aims to revitalise the mine while prioritising local job creation and community empowerment. With support from stakeholders like the Industrial Development Corporation, Mantengu is focused on turning Blue Ridge into a profitable and sustainable operation. Miller spoke to BizNews editor Alec Hogg.

ActionSA leader Herman Mashaba has slammed the Democratic Alliance for “fear mongering” in its ongoing war of words over his party entering into a working relationship with the African National Congress in Joburg and ousting the DA Mayor from Tshwane with the support of the ANC. “The DA, unfortunately, the mistake that they're making is to think that they are the only people who governs and they must govern on their own…They negotiate like we live in a one-party state and military rule.” Speaking to BizNews following the election of an ActionSA Mayor in Tshwane, he expresses determination to turn the capital city around. “And I think this time around, having the ANC, provincial and national behind this….This will make it much easier…we are going to take advantage of this relationship to build one United South Africa, provide services to all the residents…We will want the residents to hold us accountable.” As for working with the ANC, he says: “…I really hope that they've got a wake-up call because if not, if they thought they were punished with a recent election, if they don't really turn around, they will be further punished.”

SARS is ramping up efforts to track cryptocurrency traders, warning South Africans that undeclared crypto profits will no longer go unnoticed. With around 5.8 million SA citizens holding digital assets, SARS has launched a compliance initiative using third-party data and AI tools. The voluntary disclosure program offers a way for non-compliant taxpayers to avoid severe penalties, but those flagged for audits face fines of up to 200%.

In a recent interview, Peter Armitage, CEO of Anchor Capital, discussed the potential for recovery in South Africa's investment landscape, emphasizing the resilience of local companies, especially in resources and technology. He noted the urgent need for reforms in education to address the acute shortage of accountants. Armitage also highlighted the growing appeal of Johannesburg Stock Exchange-listed companies, suggesting that sound investment strategies can lead to significant returns. Additionally, he cautioned investors about the implications of increased regulatory scrutiny on cryptocurrency, underscoring the importance of compliance and tax awareness.

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