BizNews Radio

In this episode of the BizNews Power Hour, David Shapiro on US tech shares, Ascendis Health, Bell Equipment and Sibanye Stillwater; DA's mayoral hopeful Dr Mpho Phalatse on her plans for Joburg should the party win back the city; Alex Gabriel, managing director of the Cape Town Opera discusses the business side of the organisation and coming back from the Covid-19 lockdown; and TreasuryONE's currency strategist Andre Cilliers unpacks the local and international currency movements for this past week.

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Mpho Phalatse is the DA mayoral candidate for Johannesburg. Dr Phalatse joined Tim Modise to unpack the DA's plans for the city should they win the upcoming municipal elections. Phalatse told Modise that the DA did rule the city from 2017 to 2019, bringing change especially to queries with municipal billing.

Mpho Phalatse is the DA mayoral candidate for Johannesburg. Dr Phalatse joined Tim Modise to unpack the DA's plans for the city should they win the upcoming municipal elections. Phalatse told Modise that the DA did rule the city from 2017 to 2019, bringing change especially to queries with municipal billing.

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News headlines:

*South Africa faces an increased risk of power outages because maintenance needs to be carried out at deteriorating coal-fired power stations, the state energy utility said.

*Aspen Pharmacare Holdings Ltd. opened the southern hemisphere’s largest general anaesthetics manufacturing line, adding production at the South African plant where it fills and packages the Johnson & Johnson Covid-19 vaccine.

*A News24 investigation alleges that reporting systems implemented by former Eskom CEO Matshela Koko may have incentivised managers to under-report problems during his tenure to artificially inflate system performance – all to the detriment of the grid and possibly exacerbating the issues the power utility faces today.

News headlines:

*South Africa faces an increased risk of power outages because maintenance needs to be carried out at deteriorating coal-fired power stations, the state energy utility said.

*Aspen Pharmacare Holdings Ltd. opened the southern hemisphere’s largest general anaesthetics manufacturing line, adding production at the South African plant where it fills and packages the Johnson & Johnson Covid-19 vaccine.

*A News24 investigation alleges that reporting systems implemented by former Eskom CEO Matshela Koko may have incentivised managers to under-report problems during his tenure to artificially inflate system performance – all to the detriment of the grid and possibly exacerbating the issues the power utility faces today.

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Sasfin Securities David Shapiro shares his insight on developments taking place in local and international financial markets. Shapiro, who follows a growth-oriented investment style, has a busy week with a number of US tech giants releasing quarterly results over the next few days. He says he’ll be keeping a close eye on the likes of Amazon and Facebook, both for different reasons. In the local market, small-cap stocks Ascendis Health and Bell Equipment dominate the conversation. The Bell family’s lowball offer to shareholders, which was made at a 40% discount to its share price prior to the announcement, is discussed at length. After two years at the helm of Ascendis, Mark Sardi has announced his resignation following shareholders’ approval of the restructuring deal that will most likely see the health and wellness group depart the JSE. Lastly, ways to manage your portfolio during a high inflationary environment wrap up the interview.

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Sasfin Securities David Shapiro shares his insight on developments taking place in local and international financial markets. Shapiro, who follows a growth-oriented investment style, has a busy week with a number of US tech giants releasing quarterly results over the next few days. He says he’ll be keeping a close eye on the likes of Amazon and Facebook, both for different reasons. In the local market, small-cap stocks Ascendis Health and Bell Equipment dominate the conversation. The Bell family’s lowball offer to shareholders, which was made at a 40% discount to its share price prior to the announcement, is discussed at length. After two years at the helm of Ascendis, Mark Sardi has announced his resignation following shareholders’ approval of the restructuring deal that will most likely see the health and wellness group depart the JSE. Lastly, ways to manage your portfolio during a high inflationary environment wrap up the interview.

David Lerche, head of equities at Sanlam Private Wealth, shares his views on another big SA success story, telco MTN.

David Lerche, head of equities at Sanlam Private Wealth, shares his views on another big SA success story, telco MTN.

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Described as magnificent and inspiring by esteemed voices across the world, the Cape Town Opera is an institution Capetonians and South Africans alike can be proud of. The winners of the 2013 International Opera Awards ‘Chorus of the Year’, it is the continent’s premier opera company and one of SA’s largest permanent non-profit performing arts organisations. Joining me to discuss the business side of the organisation is Alex Gabriel, Managing Director.