BizNews Radio

After September's near double digit average drop in stock prices around the world (including the JSE which lost 9% in Dollar terms), investors are justifiably nervous as the fourth quarter of 2022 begins. Corion's David Bacher, however, offers some positive suggestions - specifically on South African financial and resources shares which he reckons offer value, especially relative to offshore alternatives. A realist, Bacher remains cautious about local economic prospects, but says valuations are just so low that avoiding these stocks would be a mistake. On the other hand, he is staying away from offshore stocks, especially in the US, where the Bear's Grip is tightening. He spoke to Alec Hogg of BizNews.com

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As trains ground to a halt in South Africa due to loadshedding and cable theft, forcing rail commuters to rely on taxis, students from Soshanguve Technical High School decided to come up with a solution and developed a solar powered train locomotive. It has photovoltaic panels fitted to the roof, moves along an 18-metre test track and can reach speeds of up to 30km an hour. Acting principal of the school, Tladi Mashiane, told BizNews the University of Pretoria had offered to help the school with its innovation drive, while pupils Ronnie Masindi, Princess Nkwana and Lethabo Nkadimeng that we spoke to were surprised by the huge amount of publicity their experiment attracted. The pupils were invited to display their solar train at the Sasol Innovation Expo. – Linda van Tilburg

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It's back to a focus on investments in our regular interview with top performing global fund manager, London-based value investor Sean Peche of Ranmore. The obvious question is whether the chaos currently rocking UK financial markets - and Europe's - presents an opportunity for investors. Peche draws on two of his industry's greatest minds - Warren Buffett and Howard Marks - to explain why it's now opportune to swim against the tide, to think beyond the obvious and get greedy at a time when everyone appears to be fearful. He spoke to Alec Hogg of BizNews.

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In this question and answer session from BizNews Conference #4, Piet Viljoen discusses his investment portfolio method of tying a number of stocks together to create a stronger bundle. He gives his opinion on funds with performance fees and how his fund is faring in the local vs offshore investment competition with Magnus Heystek. 

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The DA's leader in the Eastern Cape, Nqaba Bhanga, believes the unfolding coalition drama in Johannesburg is perhaps a cautionary tale for managing coalitions in Nelson Mandela Bay where his party's Retief Odendaal has just assumed the mayoral position. The NMB Metropolitan Municipality has been rocked by years of chaos, a lack of services, and corruption. BizNews correspondent Michael Appel spoke to Bhanga about the recent arrest of three former DA councillors, along with the acting city manager in the metro, among others, about their alleged involvement in corruption which resulted in former Mayor Athol Trollip being ousted in 2018.

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Despite increasing reports relating to vaccine injuries and deaths and widespread data which has reliably brought the safety of Covid-19 vaccines into question, the DA has continued to push for higher vaccine uptake by the South African population. To find out how the DA justifies their unwavering stance in respect of Covid-19 vaccination, BizNews spoke to DA Shadow Minister of Health Michéle Clarke. In addition, Clarke clarified the DA’s position in respect of the proposed NHI Bill

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In this episode BizNews’ Ross Sinclair and Gaurav Nair of Jaltech discuss the outcomes of the Ethereum merge, the adoption of cryptocurrencies, why you should invest in cryptocurrencies, and which crypto exchanges look as though they are going to win.

For more information about Jaltech:  https://www.biznews.com/jaltech-cryptocurrency-notes

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In this Q&A from BNC#4 Athol Trollip discusses the state of politics in South Africa, how young people should get more involved and much more. 

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Ukraine's Ambassador to South Africa, Luibov Abravitova, is seeking clarity from DIRCO about whether or not ANC Youth League members travelled to occupied territories in east and southern Ukraine to act as election observers in recent referendums. Four occupied regions of Ukraine - Kherson, Zaporizhzhia, Luhansk, and Donetsk - which make up about 15% of that country, recently held referendums on whether or not to join Russia. The UN, EU, US and Nato-aligned countries regard the referendums as illegitimate, illegal and a sham. Abravitova told BizNews that if ANCYL members are there, "they violated Ukraine's immigration laws by entering into Ukraine". The ambassador refused to be drawn on internal political matters after the DA sought clarity on who funded the trip.

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Interviews with Capitec CEO Gerrie Fourie are usually a treat - and this one is no exception. It kicks off with Fourie's perspective on the stock's R30bn market cap drop after a Trading Update three weeks ago and moves through to Interim Results released today which included details of the latest strategic initiatives. Leading these is a massively disruptive move into the mobile phone market where Capitec this week launched a 50% cheaper alternative to over 8m clients who already buy data and airtime through the bank. Also in the spotlight is the impending relaunch of Mercantile Bank as Capitec Business Bank - spearheaded by a simplified, low cost offering for SMEs. Fourie spoke to Alec Hogg of BizNews.com.

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