BizNews Radio

Sbu Shabalala's successor Tiffany Dunsdon joined the BizNews team on Adapt IT's results day. It's been a rollercoaster of a year for Adapt IT, with the software business being the subject of a hostile takeover bid by the Huge Group and a friendly offer from Volaris. The Volaris cash offer of R7 per share looks a foregone conclusion with Adapt IT set to become another departure from the local bourse. Whilst all this has been happening, ex-CEO Sbu Shabalala resigned following allegations that he ordered an assault on his estranged wife's partner. Dunsdon reflects on the challenges and difficulties faced since taking the reins only a few weeks ago.

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In this episode of the BizNews Power Hour, Stuart Lowman is joined by Magnus Heystek with investment insights; SAFAIR launches an international route - CEO Elmar Conradie; double Paralympic gold medalist Ntando Mahlangu; Adapt IT CEO TIffany Dunsdon; Easy Equities’ Shaun Keeling on September’s retail investor movements and the BizNews Team.

In this episode of the BizNews Power Hour, Stuart Lowman is joined by Magnus Heystek with investment insights; SAFAIR launches an international route - CEO Elmar Conradie; double Paralympic gold medalist Ntando Mahlangu; Adapt IT CEO TIffany Dunsdon; Easy Equities’ Shaun Keeling on September’s retail investor movements and the BizNews Team.

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FlySafair, a low-cost South African domestic airline, is spreading its wings and branching out to provide its first international route. From December, the airline will be offering flights to Mauritius, a popular holiday destination for many South Africans. BizNews journalist Jarryd Neves spoke to CEO Elmar Conradie, who notes that the product will work on this specific route as it's "more aimed at leisure travellers". He also gives insights into the regulations around Covid-19 and what's next for the company.

FlySafair, a low-cost South African domestic airline, is spreading its wings and branching out to provide its first international route. From December, the airline will be offering flights to Mauritius, a popular holiday destination for many South Africans. BizNews journalist Jarryd Neves spoke to CEO Elmar Conradie, who notes that the product will work on this specific route as it's "more aimed at leisure travellers". He also gives insights into the regulations around Covid-19 and what's next for the company.

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News headlines:

*President Cyril Ramaphosa has authorised the release of the Special Investigating Unit report into the Digital Vibes corruption scandal that erupted in May this year.

*The state capture inquiry has been granted a fifth extension, giving the team three months to complete three years’ work.

*Envoys from some of the world’s richest nations met with South African cabinet ministers on Tuesday to discuss a climate deal that could see billions of dollars put toward ending the country’s dependence on coal.

News headlines:

*President Cyril Ramaphosa has authorised the release of the Special Investigating Unit report into the Digital Vibes corruption scandal that erupted in May this year.

*The state capture inquiry has been granted a fifth extension, giving the team three months to complete three years’ work.

*Envoys from some of the world’s richest nations met with South African cabinet ministers on Tuesday to discuss a climate deal that could see billions of dollars put toward ending the country’s dependence on coal.

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Brenthurst Wealth Management founder Magnus Heystek leads Wednesday's market insights with the veteran investment strategist covering a number of topical investment themes. Magnus outlines that currency fluctuations shouldn't be the only factor when choosing an investment destination, with growth prospects being an important element. Magnus has had his radar on the Japanese stock market for a while and he says the change in politically leadership is going to have a positive impact on the country's economy. Sygnia's diverse range of ETF products and the volatility in the commodity counters round up the conversation.

Brenthurst Wealth Management founder Magnus Heystek leads Wednesday's market insights with the veteran investment strategist covering a number of topical investment themes. Magnus outlines that currency fluctuations shouldn't be the only factor when choosing an investment destination, with growth prospects being an important element. Magnus has had his radar on the Japanese stock market for a while and he says the change in politically leadership is going to have a positive impact on the country's economy. Sygnia's diverse range of ETF products and the volatility in the commodity counters round up the conversation.

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Earlier this week, the Cape Independence Advocacy Group formally handed over a request for a referendum on Cape independence. Phil Craig, the co-founder of the group, joined Alec Hogg to unpack exactly what this new development means for the Cape and the rest of South Africa. "I think we all understand that things are going horribly wrong in South Africa, and we are all looking for solutions. The solution that we put on the table is independence for the Western Cape, and we want to democratically consult with the people of the Western Cape and find out how they feel about it," he explains. Craig also goes into detail about why it makes sense for the Democratic Alliance (DA) to support the referendum in the lead-up to elections.