BizNews Radio

News headlines:

*The DA has swept the mayorship of Ekurhuleni and the City of Johannesburg, with the City of Tshwane expected to go the same way.

*Tax experts say that South Africa’s tax secrecy laws contribute to public mistrust of the South African Revenue Service.

*Government is fast-tracking plans to develop South African-owned satellites that will focus on connectivity and tracking, says Communications and Digital Technologies minister Khumbudzo Ntshaveni.

In this episode of the BizNews Power Hour, Helen Zille provides some sobering thoughts on the practical challenges that will be faced by many new DA mayors in councils like Joburg and Ekhuruleni where the party does not have a majority of the votes; on governing by DA's new Mayors; Advocate Paul Hoffman looks into the surprise suspension of Prasa CEO; PPC CEO- Roland Van Wijnen on it's financial results. Maudene van Rooyen, Errol Dorman and Mike Cubic, members of Dorman Projects joined Alec Hogg to unpack the PowerPulse alternative energy solutions on PowerPulse Ep7.

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In this in-depth interview, DA Federal Council chair Helen Zille offers a sobering view after the surprise ascension last night of her party's candidates to the Mayoral parlours of SA's leading cities. She is under no illusion of challenges that lie ahead to rid local government of corrupt ANC cadres. Zille says negotiations will now be even more earnest as her party works at securing written commitment from potential coalition partners to ensure a stable governance structure can be secured. In this “morning after” discussion with Alec Hogg of BizNews, Zille unpacks the challenges that lie ahead after SA's Watershed Election where the long-time ruling ANC's share of the vote fell below 50% for the first time, ushering in a widescale shakeup of the country's governance.

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In this episode of the BizNews Power Hour, TreasuryONE's Andre Cilliers assesses the impact on the Rand of last week's interest rate hike; SA's favourite stockbroker David Shapiro unpacks today's financial results from Naspers and Prosus; Wits University's world famous anthropologist Prof Lee Berger talks about another groundbreaking discovery at the Cradle of Humankind in Gauteng; ; - the man touted globally as having discovered this entirely new species of hominid in the Cradle of Humankind; and Jeremy Maggs chats to Arné Rust - Brand Director of Carling Black Label on the controversial 'GBV-proof' wedding dress.

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Currency expert Andre Cilliers talks us through the reasons for the weakness in the Rand, despite the South African Reserve Bank increasing interest rates by 0.25% at last week's Monetary Policy Committee meeting.

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South Africa’s favourite market commentator David Shapiro sheds light on Naspers and Prosus results, which have been eagerly anticipated by the market. Naspers and Prosus have been drags on the performance of the JSE, with its crown jewel Tencent under intense scrutiny following Chinese regulatory crackdowns. Tencent’s underlying performance within the stable, however, was promising and contributed 118% of Prosus’ operating profit. This means the rest of the e-commerce businesses within the group lost money, despite having a valuation of close to $50bn. Bob van Dijk and his management team have been bullish on industries such as Food Delivery, with many analysts concerned about the performance of its e-commerce portfolio. Shapiro says it will take many more years for the e-commerce unit to contribute materially to earnings, and that Tencent will continue to be the driver of performance for the two businesses for the foreseeable future.

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News headlines:

*A clearer picture of who will be in charge in South Africa’s major metros is starting to form – however, agreements and coalitions remain shaky.

*On Monday, national SAPS commissioner General Khehla Sitole conceded that police were overstretched and didn't have enough capacity to deal with the July unrest in KwaZulu-Natal and Gauteng.

*The Department of Health plans to roll out further ‘upgrades’ to South Africa’s Covid-19 certificate – but there are limitations on how the certificate can currently be used abroad.

Homeowners, as well as businesses’ appetites for alternative energy solutions are increasing, especially given the country’s challenges with load shedding. Founder of BizNews Alec Hogg joins Maudene van Rooyen, Errol Dorman and Mike Cubic, members of Dorman Projects, to unpack the PowerPulse alternative energy solutions. Some of the benefits of the PowerPulse offering include: seamless guidance throughout your projects, support with funding, legal and technical help, credible installation and reduced time spent on administrative and regulatory requirements.

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The first partial skull of a child, Homo naledi, has been found in the Rising Star caves in South Africa by a team of international scientists from 14 institutions, including the University of the Witwatersrand. It follows the discovery of a previously unidentified hominin species named Homo naledi by the team in 2013, which shook up our understanding of the early human origins. Leading the team is Professor Lee Berger, the man touted globally as having discovered this entirely new species of hominid in the Cradle of Humankind, one of South Africa’s World Heritage Sites. Prof. Berger told BizNews how this ancient site is the gift that keeps on giving to paleoanthropologists and the benefits these discoveries have for South Africa.

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In my second conversation with Dede Eyesan of Jenga Investment Partners, he shares his views on PBT group, a South African company operating in the technology industry. He also shares some advice on how retail investors can get involved in global markets and what to watch out for.

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