BizNews Radio

News headlines:

*The World Bank said South Africa, which ranks among the world’s top 10 spenders on social assistance, could consider a range of reforms to its R156bn annual welfare program to make it more cost-effective while expanding support for the unemployed.

*The new subsea Equiano cable linking Africa and Europe will significantly decrease internet costs and triple internet speeds in South Africa, says Google.

*South Africa’s sugar industry is in talks with the government over a potential subsidy that could see it convert more than a third of its annual output into biofuel, according to a group representing companies in the sector.

News headlines:

*The World Bank said South Africa, which ranks among the world’s top 10 spenders on social assistance, could consider a range of reforms to its R156bn annual welfare program to make it more cost-effective while expanding support for the unemployed.

*The new subsea Equiano cable linking Africa and Europe will significantly decrease internet costs and triple internet speeds in South Africa, says Google.

*South Africa’s sugar industry is in talks with the government over a potential subsidy that could see it convert more than a third of its annual output into biofuel, according to a group representing companies in the sector.

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A report this week by Cofesa, the Confederation of Employers in South Africa, has warned that South Africa is flashing red for an Arab Spring phenomenon, similar to the uprising or revolution that led to regime changes across Northern Africa and the Middle East and led to the end of the regime of President Hosni Mubarak in Egypt. The study by Advocate Hein van der Walt and Dr Lawrence McCrystal draws stark parallels between the conditions that brought about the Arab Spring and those that are present currently in South Africa. Dr. Lawrence McCrystal, the Chairman of Cofesa, told BizNews that the ANC government needs to wake up, and that it can’t keep on ignoring large-scale unemployment in the country. Cofesa has submitted immediate solutions to the problem of unemployment to President Cyril Ramaphosa.

A report this week by Cofesa, the Confederation of Employers in South Africa, has warned that South Africa is flashing red for an Arab Spring phenomenon, similar to the uprising or revolution that led to regime changes across Northern Africa and the Middle East and led to the end of the regime of President Hosni Mubarak in Egypt. The study by Advocate Hein van der Walt and Dr Lawrence McCrystal draws stark parallels between the conditions that brought about the Arab Spring and those that are present currently in South Africa. Dr. Lawrence McCrystal, the Chairman of Cofesa, told BizNews that the ANC government needs to wake up, and that it can’t keep on ignoring large-scale unemployment in the country. Cofesa has submitted immediate solutions to the problem of unemployment to President Cyril Ramaphosa.

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Studying abroad is something that many young South Africans have dreamed of. The myriad reasons for this dream are not hard to come by, of course. Unfortunately, neither are the obstacles. Brent Morris, the Managing Director of IE Abroad, studied in the UK - an experience which completely opened up his world and ignited his passion for the work that IE Abroad does - assisting those that would like to get their degrees abroad. IE Abroad recently joined forces with Sable International to provide international advice to prospective students across South Africa, Zimbabwe, Nigeria and Uganda. In an interview with BizNews, Morris discussed the mutually beneficial partnership between IE Abroad and Sable and the experience which they offer to those students who would like to take the leap and get their qualifications abroad. Drawing on his own experience, Morris stated that, ‘Yes, you learn a skill. Yes, you get a qualification, but you're building an international global profile.’

Studying abroad is something that many young South Africans have dreamed of. The myriad reasons for this dream are not hard to come by, of course. Unfortunately, neither are the obstacles. Brent Morris, the Managing Director of IE Abroad, studied in the UK - an experience which completely opened up his world and ignited his passion for the work that IE Abroad does - assisting those that would like to get their degrees abroad. IE Abroad recently joined forces with Sable International to provide international advice to prospective students across South Africa, Zimbabwe, Nigeria and Uganda. In an interview with BizNews, Morris discussed the mutually beneficial partnership between IE Abroad and Sable and the experience which they offer to those students who would like to take the leap and get their qualifications abroad. Drawing on his own experience, Morris stated that, ‘Yes, you learn a skill. Yes, you get a qualification, but you're building an international global profile.’

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In this episode of the BizNews Power Hour, Stuart Lowman is joined by Magnus Heystek with investment insights; Corion Capital's David Bacher unpacks the Corion report; Equites chief executive Andrea Taverna-Turisan on the real-estate investment trusts half-year results; Brent Morris of IE Abroad on studying offshore and the BizNews Team.

In this episode of the BizNews Power Hour, Stuart Lowman is joined by Magnus Heystek with investment insights; Corion Capital's David Bacher unpacks the Corion report; Equites chief executive Andrea Taverna-Turisan on the real-estate investment trusts half-year results; Brent Morris of IE Abroad on studying offshore and the BizNews Team.

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Brenthurst Wealth Management founder Magnus Heystek leads Wednesday's market insights with the investment strategist explaining his inability to promote cryptocurrencies as an asset class due to it being an unregulated market. Netflix reaching new all time highs, as a result of  the popularity of Squid Game, popular, Korean show was discussed at length with Americans seemingly consistent at being the leaders from an innovation perspective. China, executive remuneration and Sanlam taking over Absa's investment business round up the conversation.

Brenthurst Wealth Management founder Magnus Heystek leads Wednesday's market insights with the investment strategist explaining his inability to promote cryptocurrencies as an asset class due to it being an unregulated market. Netflix reaching new all time highs, as a result of  the popularity of Squid Game, popular, Korean show was discussed at length with Americans seemingly consistent at being the leaders from an innovation perspective. China, executive remuneration and Sanlam taking over Absa's investment business round up the conversation.

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