BizNews Radio

Counterpoint Value Fund manager Piet Viljoen gives us the inside scoop of what is happening in the local and global investment markets. The conversation includes an array of topics, with Piet outlining the thesis behind Aveng's 500:1 share consolidation. Investment holding structures, namely PSG and Long4Life, are discussed at length as well as Brian Joffe stepping down from the role of CEO at Long4Life. The commodity counters and global markets primary fear, inflation, wrap up the conversation.

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A shortage of semiconductor chips, as a result of the Covid-19 pandemic, has seen a surge in used and new car prices. BizNews Motoring correspondent Jarryd Neves spoke to two industry leaders; Bidvest Automotive CEO Steve Keys and WeBuyCars co-founder, Dirk van der Walt, to gain insights into this global phenomenon.

A shortage of semiconductor chips, as a result of the Covid-19 pandemic, has seen a surge in used and new car prices. BizNews Motoring correspondent Jarryd Neves spoke to two industry leaders; Bidvest Automotive CEO Steve Keys and WeBuyCars co-founder, Dirk van der Walt, to gain insights into this global phenomenon.

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News headlines:

*DNG Energy Ltd., a losing bidder for state contracts to supply emergency power in South Africa, made fresh corruption allegations against a winning bidder, Karpowership, and a government official.

*South Africa’s ongoing steelworker strike is likely to lead to job cuts, further hammering an industry that’s been in decline for several years, according to the country’s main employer body.

*South Africa's beleaguered tourism sector is preparing for an influx of British visitors ahead of the busy summer season.

News headlines:

*DNG Energy Ltd., a losing bidder for state contracts to supply emergency power in South Africa, made fresh corruption allegations against a winning bidder, Karpowership, and a government official.

*South Africa’s ongoing steelworker strike is likely to lead to job cuts, further hammering an industry that’s been in decline for several years, according to the country’s main employer body.

*South Africa's beleaguered tourism sector is preparing for an influx of British visitors ahead of the busy summer season.

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In this episode of the BizNews Power Hour, Alec Hogg is joined by Magnus Heystek who warns about SA's "retirement crisis" caused by a bad decision ten years ago to force 70% of savings to be kept in the country; SAA's recently appointed Chief Commercial Officer, international airline veteran Simon Newton-Smith explains how it's now data-driven and business focused; and DA's Cape Town mayoral candidate - Geordin Hill-Lewis explains how he plans to "kick open the door" to extract the city from SA's load shedding nightmare.

In this episode of the BizNews Power Hour, Alec Hogg is joined by Magnus Heystek who warns about SA's "retirement crisis" caused by a bad decision ten years ago to force 70% of savings to be kept in the country; SAA's recently appointed Chief Commercial Officer, international airline veteran Simon Newton-Smith explains how it's now data-driven and business focused; and DA's Cape Town mayoral candidate - Geordin Hill-Lewis explains how he plans to "kick open the door" to extract the city from SA's load shedding nightmare.

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Every Wednesday we have investment insights from Magnus Heystek. The founder of Brenthurst Wealth joined Alec Hogg, the duo covering a number of investment topics making headlines - including pension funds.

Every Wednesday we have investment insights from Magnus Heystek. The founder of Brenthurst Wealth joined Alec Hogg, the duo covering a number of investment topics making headlines - including pension funds.

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Elections are traditionally the time that politicians, some who are seldom seen outside their big cars with tinted windows, get outside to be seen as leaders who are in tune with the electorate. In other countries, kissing a couple of babies and knocking on doors would do it but in South Africa where the problems tend be more pressing, it takes more. The issue of Afrikaans as an indigenous language has even prompted President Cyril Ramaphosa to speak Afrikaans to communities in the Cape, which has led to many internet memes. Finding issues that the electorate feel passionate about and are touching their lives every day, is normally a sure way of hitting the ball out of the park and in South Africa the most pressing issue for a local government election, is Eskom and loadshedding. To say that it is the Achilles heel of the ANC is an understatement, it is more like a giant size piñata that opposition parties can shoot with a laser gun without a blindfold. And the DA’s young Cape Town mayoral candidate has come up with a humdinger – Geordin Hill-Lewis is running on the promise of no more loadshedding for Cape Town. He explained to Alec Hogg how he would achieve it.