BizNews Radio

News headlines:

*South Africa’s High Court struck down some changes to mining regulations that govern Black ownership targets, in a move that could potentially revive investor interest in the sector.

*South Africa’s appeals court ruled the Department of Tourism’s focus on only Black businesses for payouts to overcome the coronavirus pandemic is unlawful.

*The application by the attorney of Western Cape judge president John Hlophe to have a judge from a division other than that of Gauteng hear his application to have the decision by the Judicial Service Commission (JSC) to impeach him set aside, was rejected on Wednesday by deputy judge president of the Gauteng division Roland Sutherland.

News headlines:

*South Africa’s High Court struck down some changes to mining regulations that govern Black ownership targets, in a move that could potentially revive investor interest in the sector.

*South Africa’s appeals court ruled the Department of Tourism’s focus on only Black businesses for payouts to overcome the coronavirus pandemic is unlawful.

*The application by the attorney of Western Cape judge president John Hlophe to have a judge from a division other than that of Gauteng hear his application to have the decision by the Judicial Service Commission (JSC) to impeach him set aside, was rejected on Wednesday by deputy judge president of the Gauteng division Roland Sutherland.

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OUTA's Liz McDaid joined BizNews to discuss the issue around the National Nuclear Regulator of South Africa and transparency that OUTA (Organisation Undoing Tax Abuse) is calling out for. State-owned power generator Eskom is trying to expand the lifespan of Koeberg, a decision which the organisation is calling into question. McDaid and Bronwyn Nielsen discuss this and what decommissioning the nuclear plant would entail.

OUTA's Liz McDaid joined BizNews to discuss the issue around the National Nuclear Regulator of South Africa and transparency that OUTA (Organisation Undoing Tax Abuse) is calling out for. State-owned power generator Eskom is trying to expand the lifespan of Koeberg, a decision which the organisation is calling into question. McDaid and Bronwyn Nielsen discuss this and what decommissioning the nuclear plant would entail.

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Chief financial officer of Remgro Neville Williams joined the BizNews Power Hour to shed light on the investment holding giant's performance for the 2021 financial year. After reporting its worst results on record in 2020, Remgro's investee companies for the large part have bounced back strongly. Despite Mediclinic, Remgro's largest constituent, being a drag on performance - the rest of the listed counters within the stable, that being Distell, RMI and RCL Foods all outperformed the prior period. The most exciting avenue of growth for Remgro going forward comes from the CIVH group - which holds Dark Fibre Africa and Vumatel. Remgro have recently used R2bn in proceeds from the sale of FirstRand shares to fund growth within the CIVH stable.

Chief financial officer of Remgro Neville Williams joined the BizNews Power Hour to shed light on the investment holding giant's performance for the 2021 financial year. After reporting its worst results on record in 2020, Remgro's investee companies for the large part have bounced back strongly. Despite Mediclinic, Remgro's largest constituent, being a drag on performance - the rest of the listed counters within the stable, that being Distell, RMI and RCL Foods all outperformed the prior period. The most exciting avenue of growth for Remgro going forward comes from the CIVH group - which holds Dark Fibre Africa and Vumatel. Remgro have recently used R2bn in proceeds from the sale of FirstRand shares to fund growth within the CIVH stable.

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Local seasoning brand Oryx Desert Salt will soon be seen on the shelves of Whole Foods in the USA. It has joined a growing list of locally made products (like Rooibos) in accessing markets overseas. Samantha Skyring, CEO of Oryx Desert Salt has been grinding away to bring her range of salt - mined sustainably in the Kalahari Desert - to a wider market. Skyring told BizNews that she even exchanged her house for a garage full of salt at one stage, to take the business to a higher level.

Local seasoning brand Oryx Desert Salt will soon be seen on the shelves of Whole Foods in the USA. It has joined a growing list of locally made products (like Rooibos) in accessing markets overseas. Samantha Skyring, CEO of Oryx Desert Salt has been grinding away to bring her range of salt - mined sustainably in the Kalahari Desert - to a wider market. Skyring told BizNews that she even exchanged her house for a garage full of salt at one stage, to take the business to a higher level.

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The appeal of a life abroad has increased for many South Africans whose faith in a prosperous future for our country has steadily waned in recent years. In this sponsored interview with Andrew Rissik, Managing Director of FX and Investment Migration at Sable International, Rissik outlines the long-anticipated changes coming to Portugal’s Golden Visa programme. Rissik also stresses that - while the deadline to submit applications for a Golden Visa at the current rate of €350,000 is technically 31 December - Sable International will stop accepting applications in the next 2-3 weeks to account for the protracted logistics involved in processing these applications.

The appeal of a life abroad has increased for many South Africans whose faith in a prosperous future for our country has steadily waned in recent years. In this sponsored interview with Andrew Rissik, Managing Director of FX and Investment Migration at Sable International, Rissik outlines the long-anticipated changes coming to Portugal’s Golden Visa programme. Rissik also stresses that - while the deadline to submit applications for a Golden Visa at the current rate of €350,000 is technically 31 December - Sable International will stop accepting applications in the next 2-3 weeks to account for the protracted logistics involved in processing these applications.

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