BizNews Radio

JSE-listed mining shares have taken an awful hiding since March, with a number having lost as much as half their value. But that's a buy signal for South Africa's top performing money manager, Piet Viljoen, who manages the Counterpoint Value Fund. In this podcast with Alec Hogg of Biznews, Viljoen unpacks the appeal of a number of South African stocks, from the obvious (coal) to the exciting rebounds (Absa, FirstRand, Sanlam). Viljoen is a favourite among the BizNews community and at next month's event becomes the only speaker to deliver a keynote address at all of the BizNews Conferences at the Champagne Sports Resort in the Drakensberg.

Learn more about your ad choices. Visit megaphone.fm/adchoices

After a bright start, the US stock market closed lower last night - initially helped by better than expected numbers from Goldman Sachs, then knocked by bad news from Apple and IBM. Bitcoin is enjoying fresh demand after holding above its key support level of $20k this month - it rose to almost $23k last night before settling at $22k - reason: US interest rates unlikely to be raised as aggressively as anticipated. Also in today's BizNews Breakfast Briefing, energy group Total stands out as an 'innocent bystander' of the share market rout; the DA is creating an excellent 'prospectus' for KZN with its turnaround of previously hapless uMngeni municipality; and UK scoring own goals for the economy (and the Tories) through its fractious PM succession race.

Learn more about your ad choices. Visit megaphone.fm/adchoices

This “alternative exchange” got its start at the back end of the financial crisis in Australia when its owners were trying to identify where the opportunities were in financial services. “We uncovered that there was a big and growing market for people, both straight out borrowers and property developers, who value the non-bank experience. We were frustrated by the banks and looking for an alternative capital provider: that was kind of how we got going in the early days,” says Nick Raphaely on the company’s vision for its business. https://www.altx.com.au/biznews/

Learn more about your ad choices. Visit megaphone.fm/adchoices

Jordan Peterson, a Canadian clinical psychologist, YouTube personality, author, and professor emeritus at the University of Toronto, has become a voice of authority on a host of issues – both psychological and otherwise. In an hour-long presentation, Peterson dissected the history of events which led to the current conflict between Russia and Ukraine. Peterson’s presentation ‘Russia vs Ukraine or civil war in the West’ is told in the same riveting manner as his bestselling books 12 Rules For Life and Beyond Order – 12 More Rules For Life. Drawing on theories from other leading voices, Peterson’s assessment is an absolute must-listen.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Value investor Sean Peche's outperformance has attracted a legion of new fans - and he's got another 'goodie' for those who like to acquire co-ownership at discount. His recommendation, a French group with a significant Southern African interest, comes towards the end of this fascinating interview with BizNews's Alec Hogg. Much of the discussion focuses on Wall Street's quarterly earnings reporting season, which is off to a patchy start. Peche also warns that two of the most popular stocks among investors in US companies - Tesla and Netflix - could deliver some disappointing financial results this week.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Highlights of two powerful interviews featured in this morning's BizNews Breakfast Briefing as the usually urbane chartered accountant-turned-shareholder-activist Dave Woollam loses patience with the board and management at Tongaat - and now wants them out; and SA academic and author Prof Jonathan Jansen urges his countrymen to hit the eject button on the ANC. On the markets, Wall Street celebrates a lifely moderating by the Fed's in its approach to the July 27 interest rate increase; and our partners at the FT dig into the way America is being changed by the dramatic switch to remote work.

Learn more about your ad choices. Visit megaphone.fm/adchoices

South Africa is quite literally “falling apart” at the helm of the governing ANC, filled to the brim with ministers unfit for office, arrogantly believing the rural vote will save them in perpetuity. In a broad-ranging, no-holds-barred interview about the state of the nation, internationally-distinguished academic and author Prof Jonathan Jansen tells BizNews’ Michael Appel that South Africa “needs to vote these buggers [ANC] out of power” come national elections in 2024. From the crime, unemployment and electricity supply crisis to fumbling education policies, Jansen says he’s advising talented young South Africans to leave the country in the short term. He wants our best and brightest to then return once we’re out of the “lacuna, this vacuum, this interregnum, if you wish”, to help rebuild the country. Jansen delivers incisive analysis that cowers to nothing and no one.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Last November, Chris Pappas was elected executive mayor of the KZN Midlands municipal district which covers Howick, Hilton and Nottingham Road. His eight months in office have thrown up challenges ranging from potential bankruptcy to dealing with politically-instigated violence. But the 30 year old DA Young Lion is proving more than equal to the task as you'll hear in this interview with Alec Hogg of BizNews.com. Pappas is to deliver a keynote address at the fourth BizNews Conference being held at the Champagne Sports Resort in the Drakensberg from August 30 to September 2.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Chartered accountant and former banker turned shareholder activist David Woollam has stopped 'playing nice' with Tongaat after years of polite and deaf rebuffs. He reckons 'enough is enough' after today's announcement by the company admitting it cannot satisfiy auditors that is a going concern - and as a result cannot produce annual financial results four months after yearend. The group of Tongaat shareholders which Woollam represents has also asked the JSE to turn down Tongaat's request today to suspend trading in the company's shares. Woollam, who warned directors of the company about problems long before Tongaat's accounting scandal erupted, is now demanding that the board resign en masse - and suggests a management team it appointed, led by former SABMiller executive Gavin Hudson, fall on their swords. He told Alec Hogg of Biznews this is the only way to save a company which last month belatedly appointed a business rescue practitioner to effect its turnaround.

Learn more about your ad choices. Visit megaphone.fm/adchoices

What started as an initiative by Trails SA, a non-profit organisation connecting mountain biking trails in the Cape Winelands, has developed into a project that not only benefits cyclists but all the communities in the area, especially the school children who have to brave dangerous roads to get to school. The Founder of Trails SA, Reghard Goussard, told BizNews that it is a perfect partnership between the private sector, communities and the government - has saved lives and made a major difference to people in the area in less than a year. Goussard said future plans would involve linking first the Western Cape trails and then the 22,000 km of hiking trails nationally to create a super network of trails. - Linda van Tilburg

Learn more about your ad choices. Visit megaphone.fm/adchoices