BizNews Radio

Magnus Heystek talks all things markets in today’s Biznews Briefing. The impact of Friday’s positive US jobs data, geopolitics, the Rand and he looks at gold as a safe haven amidst rising Middle East tensions. Today's briefing also has Neil de Beer on SA's "wrecking ball" GNU, Don Ncube on SA's untapped gas potential and Walter Aylett on investing in Tesla. In the absence of BizNews founder and editor Alec Hogg, this episode of the BizNews Briefing is hosted by Nielsen Network CEO, Bronwyn Nielsen.

Investment strategist Magnus Heystek discusses the bullish US markets and their global ripple effect, with South Africa benefiting. He cautions that Middle East tensions could derail this growth. Heystek also shares insights on the rand, property investments, and why he’s bullish on Tesla despite valuation concerns. Heystek spoke to Nielsen Network CEO, Bronwyn Nielsen.

The “incompetence” of Defence Minister Angie Motshekga and the “competence” of impeached Judge John Hlope are trending topics. In this interview, Neil De Beer, the President of the United Independent Movement, warns: “If you don't listen to what your people say, you are going to fall on your own sword. So when the head of the Navy, when the Army and the Air Force are screaming and telling you, we are the people in the command structure, but you don't listen, or you don't have the competency to understand what they are saying to you, then what do you get?”  De Beer also analyses the legal battle led by Advocate Dali Mpofu for MKP MP and impeached Judge John Hlope to take up his position on the Judicial Services Commission. “Mr. Pomp and Ceremony, Dali Mpofu, getting up again. Seems like he is now the Legal Mind for the Revolutionary. Their own little advocate, Ché Guevera…And I think this case is a showcase of where we as a country are going to have an outcome if we choose people that have integrity or not.”

In his weekly Sunday Show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), dissects the “Wrecking Ball” politics that is currently reaching epic levels in South Africa, and talks about some of the politicians who are at the forefront of the political infighting, including Helen Zille, Dr Pieter Groenewald, Herman Mashaba, Panyaza Lesufi, Cilliers Brink…De Beer further comments on AfriForum wanting the Democratic Alliance and the Vryheidsfront Plus to leave the Government of National Unity (GNU) if the BELA Bill is signed into law unchanged. He also gives his take on “The Confessions of a Former Politician” being posted on X by Ronaldo Gouws who was kicked out of the DA and Parliament.

Magnus Heystek discusses global investment strategies, emphasizing cycles in markets and the need to adapt. Heystek highlights South Africa's potential recovery but notes ongoing political and economic risks. He advocates for diversifying offshore, especially in markets like India and Japan, while tactically investing in local opportunities.

In an insightful interview, investment expert Walter Aylett warns against the dangers of inflated tech stock valuations, spotlighting companies like Tesla. With nearly two decades in the industry, Aylett calls for a return to integrity in investing, urging investors to prioritize sustainable growth over fleeting hype. His thought-provoking insights challenge conventional wisdom and advocate for a more principled approach to navigating today’s complex financial landscape. Aylett spoke to BizNews editor Alec Hogg.

In a dramatic shift in campus politics, the Economic Freedom Fighters (EFF) Student Command has lost control of Nelson Mandela University SRC to the Democratic Alliance Students Organisation (DOSA). In this interview with BizNews, Yusuf Cassim, the Democratic Alliance chairperson in the Eastern Cape, says: “We've seen our institutions of higher learning come under increased pressure from radical student movements that have sought to hold students at large hostage. And we believe that this result at Nelson Mandela University bodes well. The DA Students Organisation won 79% of all SRC seats that were available in that election. So it is indeed a landslide victory….. We believe this is one of many dominoes that are going to fall across the country.” Cassim explains why student politics has, over the past decade, played an influential role nationally. He also gives an update on provincial politics in the Eastern Cape, as well as coalition politics in the Nelson Mandela Metro where “dysfunctional governance and poor governance” are taking root.

With fears of the war in the Middle East escalating into World War 3, BizNews speaks to Israel’s Ambassador to South Africa, Eli Belotsercovsky. He says: “…we have to fight back. And we will. And particularly after this attack, which endangered the lives of many, many Israelis, we will have to respond - and we will choose the time and the way to do it.” However, the ambassador says that the conditions for a World War “have not been created yet”. “I think that common sense will prevail. And those regimes like Iran that try to destabilise the world order, that try to bring more violence, to use terror as a tool to gain more political gains, I think that if we manage to prevent them from doing this and to block them, I think there would be no war.” Meanwhile, he describes the sombre mood in Israel on the eve of the 1st anniversary of the October 7 terror attack. He also deals with accusations that Israel is an Apartheid state, and dissects the clashing narratives about Israel’s war again Hamas, Hezbollah, and the clerical regime of Iran.

In this episode of the BizNews Briefing, we cover the growing discussion around the DA’s leader - and the party’s landslide victory in student elections at the Nelson Mandela University; hear from super entrepreneur Don Ncube how his two-decade obsession with onshore gas in SA is finally starting to show returns via ASX-listed Kinetiko Energy; welcome back into our commentariat star money manager Walter Aylett; and assess last night’s production numbers that dropped Tesla’s share price 5%. Plus more fresh business news you can use. Hosted by BizNews editor Alec Hogg.

Don Ncube reflects on South Africa's untapped gas potential, discovered in Mpumalanga, KZN, and Free State. This resource could address load shedding and transform the energy sector. Environmentally conscious extraction methods and strategic partnerships aim to boost jobs, economic growth, and energy security for the nation.