BizNews Radio

After listening to Kasonomics author GG Alcock's recent interview on the dynamism of township entrepreneurs, SA's globally respected futurist Clem Sunter prodded us into kicking off a series celebrating these emerging champions. The inimitable GG agreed to help, getting the ball rolling by bringing Refiloe Rantekoa into the BizNews studio to tell us his story. Rantekoa is no stranger to media coverage, having won Emerging Entrepreneur competitions that brought him to the attention of global news networks like Bloomberg and Al Jazeera. But his achievements haven't yet registered where he actually needs it. The township bakery entrepreneur is struggling to raise capital from State agencies whose sole purpose is to support emerging entrepreneurs. Given the obstacles he has overcome and the dreams of this 30-something business creator, it's a mystery where the bureaucrats think they will unearth a more deserving candidate for taxpayer support. Refiloe and GG spoke to Alec Hogg of BizNews.

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Cy Jacobs is among a handful of investment managers who consistently attract South Africa's smart money. An all rounder, his company 36ONE runs hedge funds and unit trusts, takes long and short positions, ionvests locally and offshore. With a 15 year compound annual growth rate of 16%, an investment of R1m in 2006 in its flagship SNN Q1 Hedge Fund has grown to R11m today. In this interview ahead of Jacobs' keynote presentation to BNC#4, the ace money manager shares his investment strategy - and gets into specifics on Naspers and Absa. An investing masterclass from a professional at the top of his game.

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Grace Harding takes no prisoners in this forthright interview where she builds on a campaign launched through her recent Open Letter to Landlords where she explained why instead of trying to recoup lost rentals, they need to share the Lockdown burden imposed on hundreds of thousands employed by SA's sit-down restaurants. The CEO of Ocean Basket is also hard at work building The Restaurant Collective to present a united front to landlords - and negotiate better deals members which include thousands of entrepreneurs in the food service sector. She spoke to Alec Hogg of BizNews.

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Despite dire warnings of the recent rebound by equities being nothing more than a rally in a bear market, the share prices of selected stocks on both the Nasdaq and JSE continue to move higher as private investors keep throwing cash at their favourites. Among the leaders are a handful of counters in the BizNews share portfolios - and one we missed, Tesla, whose price went back above $925 last night on news of its second share split in recent months - last time it was 5-for-1, this time it's 3-for-1. Headline news from abroad is dire commentary that accompanied yesterday's Bank of England's interest rate hike, its biggest increase in 27 years. That hit the pound and raised worries about the UK experiencing stagflation, the worst of all worlds, where no economic growth is accompanied by high inflation.

Helen Zille calls ‘Hokaai’ on SA optimism post-2024: Nelson Mandela Bay an example of political chaos that may await

ActionSA’s Herman Mashaba on by-election results, coalitions and ejecting the ANC in 2024

UK’s Bain ban an ’embarrassment to SA’s government’ – Athol Williams

Bain’s walk of shame as Hain says it must ‘feel the pain’

Best of BizNews #9 – The trillion rand property collapse

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The big debate raging within investment markets right now is whether private investors will be rewarded or punished after last month's equities buying spree that was the most aggressive since 2014. In the latest update on the monthly Corion Report, David Bacher explains why shares ran so hard in July and offers some insights into the results of Amateurs v Pros contests of the past. He also names a low-profile asset manager who he reckons deserves recognition after his consistently applied process has delivered the goods.

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Electoral reform, paving the way for independent candidates to stand for office at a provincial and national level, places South Africa on a “dangerous road” that requires careful consideration, says the ANC’s Beatie Hofmeyr. She was speaking in her capacity as the ANC’s representative at the National IEC Multi-Party Committee during a webinar hosted by My Vote Counts. Responding to a question from BizNews, Hofmeyr explains her concerns around opening up the election to independents in 2024. She also touches on new campaigning rules within the party and pours cold water on Zondo’s recommendation that consideration should be given to directly electing South Africa’s president.

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Lara van Niekerk was relatively unknown in international sport until recently. But after her success at the Commonwealth Games in Birmingham, where she broke records and won gold medals in the 50m and 100m breaststroke - beating fellow South African and Olympian Tatjana Schoeman - she is sure to leave others in her wake. The 19-year-old from Pretoria attributes her success to her determination to keep on improving and her ability to overlook obstacles like the colder water she had to train in when loadshedding lowered the temperature of the swimming-pool. Van Niekerk told Linda van Tilburg why she decided not to move overseas, the difficulties of finding sponsors, and how she has her eye on bigger competitions, including the Olympic Games in 2024.

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Another good session for the BizNews share portfolio favourites as Wall Street rebounded after Tuesday's concerns over House Speaker Nancy Pelosi's visit to Taiwan. The JSE also had a winning session with a rise in financials offsetting the drop by gold shares. Insight, too, from Naspers which rose 4% after its management re-started its share buyback programme after the price hit R2 325 - the level which traders may now consider a floor. At the other end, the share price of Chinese internet giant AliBaba, down by half in a year, could be in for more pain after major shareholder Softbank announced it will be significantly cutting its stake. Good news. though, on the oil front after yesterday's Opec+ meeting. Also in today's BizNews Breakfast Briefing, an excerpt from Mike Appel's interview with Lord Peter Hain, whose actions led to the UK government banning Bain & Co for three years.

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Successful entrepreneur turned political leader Herman Mashaba is hard at work building structures and putting together the personnel to make Action SA a major force in South Africa's 2024 National Election. The party has appointed provincial leaders in six of the country's nine provinces and promises to fill the other three posts by yearend. Mashaba says results of the three by-elections it has contested since its surprising strong showing in the November 2021 Local Elections support the assertion that his party is gathering momentum. During this interview with Alec Hogg of Biznews, the unlikely politician explains his approach to other political parties that are likely to be allies in ruling coalitions and shares how he sees the transformation of SA's political landscape after the ANC's expected loss of power in the 2024's National Election.

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Music has stood the test of time, prevailing as one of the cornerstones of human society since the discovery of the first musical instrument, a vulture-bone flute, approximately 50,000 years ago. Its endurance as a conduit for stories and a medium of communication exceeds even that of the written word by tens of thousands of years. The remarkable nature of music, given its staying power as the world and humankind evolved, is unparalleled, and has accordingly drawn the attention of experts across the globe. To explore the effects of music on the human brain, BizNews spoke to Dr Alan Harvey, a leading neuroscientist, author and passionate musician. Dr Harvey’s insights into the role of music in human evolution, its potential for future medical advancement and the power of music to stir our emotions and memories, were superbly thought provoking.

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