BizNews Radio

In tonight’s episode of the BizNews Power Hour, Piet Viljoen and Magnus Heystek join Alec Hogg on a community member challenge to put local vs offshore investments to the test; political analyst Ralph Mathekga on what seems to be the onset of kingmakers and coalition politics in the ongoing local elections; we also discuss how Standard Bank's PowerPulse platform is going to be extended to residential homes.

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News headlines:

*South African motorists will be hit with record-high fuel prices from Wednesday, with petrol prices increasing R1.21 and diesel prices shooting up R1.48.

*South African pension funds will be banned – in no uncertain terms – from investing in bitcoin or its sibling cryptocurrencies, under new draft rules.

*With over a third of votes counted, the ANC remains well below 50% of the national vote in the 2021 Local Elections, and of the major Metros, is only above this critical level in eThekwini.

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In the sixth episode of the Standard Bank PowerPulse podcast series, BizNews founder Alec Hogg is joined by Kevin Ssemwogerere, Corporate Venturing Lead in Wholesale Clients Digital for the Standard Bank PowerPulse platform, Nafisa Fareed, the Chief Executive of Power4Less and Nick Roche, Chief Product Officer at Rubicon Cape Town, to discuss how the PowerPulse platform is going to be extended to residential homes. As many South Africans are looking for alternatives to power their homes and to make them less reliant on Eskom, there are tips on how to sift through the many new suppliers to the solar PV market and the booby traps to watch out for.

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The man in charge of Embroiled ICT business EOH, Stephen Van Coller outlines that the group is ready to bear fruit after a three-year turnaround story.

The man in charge of Embroiled ICT business EOH, Stephen Van Coller outlines that the group is ready to bear fruit after a three-year turnaround story.

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Former Tekkie Town CEO Bernard Mostert unpacks the Western Cape High Court’s decision to grant Steinhoff leave to appeal to the Supreme Court of Appeal in the liquidation bid it is facing. Mostert and business partner Braam van Huyssteen are fighting for the restoration of their business Tekkie Town after the footwear retailer was sold to Steinhoff in 2016 for R3.2bn. Mostert and Van Huyssteen received Steinhoff shares in exchange for Tekkie Town. Months later these were worth a fraction of their value at the time of the transaction, given Markus Jooste sudden resignation and subsequent accounting irregularities that came to light at the end of 2017. If the Tekkie Town owners are successful in the liquidation bid against Steinhoff, shareholders will almost certainly be left with nothing.

Former Tekkie Town CEO Bernard Mostert unpacks the Western Cape High Court’s decision to grant Steinhoff leave to appeal to the Supreme Court of Appeal in the liquidation bid it is facing. Mostert and business partner Braam van Huyssteen are fighting for the restoration of their business Tekkie Town after the footwear retailer was sold to Steinhoff in 2016 for R3.2bn. Mostert and Van Huyssteen received Steinhoff shares in exchange for Tekkie Town. Months later these were worth a fraction of their value at the time of the transaction, given Markus Jooste sudden resignation and subsequent accounting irregularities that came to light at the end of 2017. If the Tekkie Town owners are successful in the liquidation bid against Steinhoff, shareholders will almost certainly be left with nothing. 

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Dede Eyesan of Jenga Investment Partners - a London-based global investor - shares a number of small cap investment ideas.

Dede Eyesan of Jenga Investment Partners - a London-based global investor - shares a number of small cap investment ideas.

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Counterpoint Value Fund manager Piet Viljoen shares his investment insight on a busy week of corporate activity for JSE-listed companies. The mining sector has been especially vibrant, with Sibanye-Stillwater, Impala Platinum and African Rainbow Minerals all announcing sizable deals. Private and listed property investment in South Africa is discussed, with Viljoen outlining that the glory days for REITs have come and gone. Aveng and AB InBev are looked at from an investment angle to wrap up the conversation.

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