BizNews Radio

As is customary for a Monday, Sasfin Securities David Shapiro talks to the BizNews team about all the action taking place within global markets. The South African Reserve Bank's decision to keep rates unchanged was one of the main talking points, with Shapiro outlining the need for the policy makers to keep rates as low as possible in order to stimulate economic growth. Shapiro touches on the energy crisis and supply chain issues affecting the Northern Hemisphere, with the veteran analyst stating that the disruptions will fade as Covid becomes a distant memory. Lastly, Shapiro discusses three JSE-listed heavyweights - Aspen, Capitec and Sasol - giving the pros and cons of each as an investment proposition.

As is customary for a Monday, Sasfin Securities David Shapiro talks to the BizNews team about all the action taking place within global markets. The South African Reserve Bank's decision to keep rates unchanged was one of the main talking points, with Shapiro outlining the need for the policy makers to keep rates as low as possible in order to stimulate economic growth. Shapiro touches on the energy crisis and supply chain issues affecting the Northern Hemisphere, with the veteran analyst stating that the disruptions will fade as Covid becomes a distant memory. Lastly, Shapiro discusses three JSE-listed heavyweights - Aspen, Capitec and Sasol - giving the pros and cons of each as an investment proposition.

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In this episode of the BizNews Power Hour, Stuart Lowman is joined by David Shapiro speaking markets; Rob Hersov – unfettered and unafraid part two; co-founder of the Cape Independence Advocacy Group Phil Craig after formally handing over a request for a referendum today; TreasuryONE's Andre Cilliers unpacks local and international currency movements and the BizNews Team.

In this episode of the BizNews Power Hour, Stuart Lowman is joined by David Shapiro speaking markets; Rob Hersov – unfettered and unafraid part two; co-founder of the Cape Independence Advocacy Group Phil Craig after formally handing over a request for a referendum today; TreasuryONE's Andre Cilliers unpacks local and international currency movements and the BizNews Team.

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In this episode of the Currency Focus podcast, Bronwyn Nielsen discusses the local unit's movements with currency expert Andre Cilliers of TreasuryONE. Cilliers says that while the Evergrande situation and electricity issues in the Northern hemisphere could create more volatility for the rand, it is also not quite a 'crisis' either. He also says he does not expect an interest rate increase for SA until the first quarter of 2022.

In this episode of the Currency Focus podcast, Bronwyn Nielsen discusses the local unit's movements with currency expert Andre Cilliers of TreasuryONE. Cilliers says that while the Evergrande situation and electricity issues in the Northern hemisphere could create more volatility for the rand, it is also not quite a 'crisis' either. He also says he does not expect an interest rate increase for SA until the first quarter of 2022.

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News headlines:

*Department of Health Director-General Dr Sandile Buthelezi has been suspended over his alleged role in the department’s Digital Vibes scandal.

*The South African National Treasury’s succession planning is sufficient to ensure the exit of key personnel doesn’t disrupt plans to return public finances to a sustainable path, its top civil servant said.

*Investments of about $280bn will be needed to cope with the effects of climate change in 35 cities in South Africa, Kenya and Ethiopia by 2050, new research shows.

News headlines:

*Department of Health Director-General Dr Sandile Buthelezi has been suspended over his alleged role in the department’s Digital Vibes scandal.

*The South African National Treasury’s succession planning is sufficient to ensure the exit of key personnel doesn’t disrupt plans to return public finances to a sustainable path, its top civil servant said.

*Investments of about $280bn will be needed to cope with the effects of climate change in 35 cities in South Africa, Kenya and Ethiopia by 2050, new research shows.

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On 23 August, Democratic Alliance Leader John Steenhuisen announced that Geordin Hill-Lewis would be the DA’s candidate for mayor of Cape Town in the upcoming local government elections. If elected, Hill-Lewis - aged 34 - will be the youngest mayor in Cape Town’s history. Hill-Lewis - who became a member of the DA when he was in high school - spoke to BizNews about his passion for politics, the area which he believes is the best place to make a positive change as ‘you can affect systemic change and even a 5% improvement at a systemic level can have a huge knock-on effect for society at large and for millions of people.’ While Hill-Lewis says he understands the emotional impetus behind the Cape Independence movement, he has a different view on how the issues that plague South Africa can be solved - ‘by devolving power to the lowest level of competent, strong, well-run government.’

On 23 August, Democratic Alliance Leader John Steenhuisen announced that Geordin Hill-Lewis would be the DA’s candidate for mayor of Cape Town in the upcoming local government elections. If elected, Hill-Lewis - aged 34 - will be the youngest mayor in Cape Town’s history. Hill-Lewis - who became a member of the DA when he was in high school - spoke to BizNews about his passion for politics, the area which he believes is the best place to make a positive change as ‘you can affect systemic change and even a 5% improvement at a systemic level can have a huge knock-on effect for society at large and for millions of people.’ While Hill-Lewis says he understands the emotional impetus behind the Cape Independence movement, he has a different view on how the issues that plague South Africa can be solved - ‘by devolving power to the lowest level of competent, strong, well-run government.’

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