BizNews Radio

In this episode of the BizNews Power Hour, editor Alec Hogg has a cracker of an interview with Lord Peter Hain who's lobbying to have controversial consultancy firm Bain & Co stopped from doing business with the UK and other governments; Michael Appel talks all things state capture and Transnet with political analyst Sanusha Naidu; our partner the FT has your international business news covered.

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In this extensive interview with Institute for Global Dialogue political analyst Sanusha Naidu, we delve into the overall picture emerging out of Zondo's latest report. It's one of unconstrained theft at Transnet totally over R41bn. Naidu discusses the political implications for a "vulnerable" President Cyril Ramaphosa as pressure mounts for decisive leadership...something he's simply not known for.

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South African-born Peter Hain, a former UK cabinet minister and now member of the House of Lords, is upping the pressure on global consultancy Bain & Co. A mountain of evidence presented to South Africa's Zondo Commission into State Capture paints Bain as a major facilitator of looting. Lord Hain is petitioning leaders of the UK and USA to act decisively against the US consultancy, including terminating contracts with the Boston-headquartered firm. In this podcast he talks to BizNews editor Alec Hogg.

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The Gupta family and their cronies were able to steal at least R41.2bn from their dealings with Transnet. DA Shadow Minister of Public Enterprises Ghaleb Cachalia reflects on the grand-scale looting exposed at the state-owned entity in Zondo's second report.

In this episode of the BizNews Power Hour, the DA's Shadow Minister of Public Enterprises Ghaleb Cachalia shares his thoughts on the "eye-watering" levels of malfeasance exposed at Transnet by Zondo's second report; Michael Appel offers a digestible snapshot of what went on at Transnet during the state capture years; SA restauranteur Neleen Strauss chats to our UK correspondent about her journey surviving numerous Covid lockdowns while contemporaries closed around her; our partner the FT has your latest international business news.

The Gupta family and their cronies were able to steal at least R41.2bn from their dealings with Transnet. DA Shadow Minister of Public Enterprises Ghaleb Cachalia reflects on the grand-scale looting exposed at the state-owned entity in Zondo's second report.

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News headlines:

*The Judicial Service Commission has recommended that Judge Mandisa Maya be appointed as the next chief justice of South Africa. 

*South Africa’s government departments and state-owned companies have again left the Auditor General with a mess, unable to audit R2.14bn worth of contracts due to missing information. 

*The Department of Health says that calls to end South Africa’s lockdown restrictions are premature, especially given the risk of a fifth wave of Covid-19, which is expected to hit the country in the coming winter months.

News headlines:

*The Judicial Service Commission has recommended that Judge Mandisa Maya be appointed as the next chief justice of South Africa.

*South Africa’s government departments and state-owned companies have again left the Auditor General with a mess, unable to audit R2.14bn worth of contracts due to missing information.

*The Department of Health says that calls to end South Africa’s lockdown restrictions are premature, especially given the risk of a fifth wave of Covid-19, which is expected to hit the country in the coming winter months.

TreasuryOne's currency expert Andre Cilliers dives into the factors influencing the rand dollar price action at the moment.

South Africa took an important step forward this year in space science when the Cape Peninsula University of Technology launched three nanosatellites. Although other African countries have sent satellites into space, these are the first constellation of satellites developed and designed in Africa. They are called MDASat and will be collecting data that will be used to monitor South Africa’s marine resources. The acting chief engineer on the MDA Sat constellation project, Nyameko Royi, told BizNews that this was a huge milestone for South Africa; that working with SpaceX was “an experience” and of his dream is to visit Nasa or SpaceX. – Linda van Tilburg