BizNews Radio

News headlines:

*South African Airways will need a more modern fleet to be competitive on routes outside its home continent following the Covid-19 crisis, according to interim Chief Executive Officer Thomas Kgokolo.

*Pepkor Holdings Ltd. is rapidly reopening stores after violent unrest in South Africa in July caused as much as R1.3bn damage to about 550 shops, or 10% of its total.

*Cooperative Governance Minister Nkosazana Dlamini-Zuma says the Democratic Alliance is trying to breach the separation of powers by asking the Constitutional Court to take over the responsibilities of the Independent Electoral Commission.

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Counterpoint value fund manager Piet Viljoen joins BizNews founder Alec Hogg as Thursday's Power Hour co-host, with the veteran money manager ringing the alarm bells about investing in China. Evergrande, one of the largest property developers in China, is facing a liquidity crunch that could potentially cause financial contagion in the world's second largest economy. Viljoen also talks about his exposure to cryptocurrencies, which he sees as a growing asset class in the years to come. Lastly, the topic of environmental, social and governance (ESG) is chatted about at length, with Viljoen outlining the difficulties in measuring the metric given its qualitative nature.

Counterpoint value fund manager Piet Viljoen joins BizNews founder Alec Hogg as Thursday's Power Hour co-host, with the veteran money manager ringing the alarm bells about investing in China. Evergrande, one of the largest property developers in China, is facing a liquidity crunch that could potentially cause financial contagion in the world's second largest economy. Viljoen also talks about his exposure to cryptocurrencies, which he sees as a growing asset class in the years to come. Lastly, the topic of environmental, social and governance (ESG) is chatted about at length, with Viljoen outlining the difficulties in measuring the metric given its qualitative nature.

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Co-founder and head of Shyft at Standard Bank, Arno von Helden, joined Alec Hogg to discuss the various benefits of the bank's digital wallet offering. The app, which enables you to buy or exchange forex, shop online securely, and make payments across the globe, now also includes a share trading feature. According to Von Helden, what makes Shyft unique is that it lists stocks that South Africans are really interested in, and not necessarily the top stocks. "We haven't had too many complaints about our offering so far. I think we've really looked at covering the vast majority of where we see customers going," he says. "We are trying to create an offering that suits those customers' needs and gives people options and different things. We've got a very flexible system, we've got a very scalable system, and we really want to give customers what they want in terms of instrument selection."

Co-founder and head of Shyft at Standard Bank, Arno von Helden, joined Alec Hogg to discuss the various benefits of the bank's digital wallet offering. The app, which enables you to buy or exchange forex, shop online securely, and make payments across the globe, now also includes a share trading feature. According to Von Helden, what makes Shyft unique is that it lists stocks that South Africans are really interested in, and not necessarily the top stocks. "We haven't had too many complaints about our offering so far. I think we've really looked at covering the vast majority of where we see customers going," he says. "We are trying to create an offering that suits those customers' needs and gives people options and different things. We've got a very flexible system, we've got a very scalable system, and we really want to give customers what they want in terms of instrument selection."

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The United Kingdom is set to review their 'red list' of countries, which South Africa has been on since December last year - and there is optimism that the gates could be opened soon. Minister of International Relations, Naledi Pandor has lobbied British cabinet ministers and Business Leadership South Africa has sent a letter to Prime Minster Boris Johnson telling him that it was inconceivable that the situation should persist past the summer season and Christmas holiday. SATSA CEO, David Frost told BizNews that they wanted to bring home the message that you have a better chance of getting Covid-19 in Cornwall than in Cape Town. Frost looked at the future of tourism in South Africa and said that the tourism industry should repackage itself as an adventure destination to lure in a younger crowd.

The United Kingdom is set to review their 'red list' of countries, which South Africa has been on since December last year - and there is optimism that the gates could be opened soon. Minister of International Relations, Naledi Pandor has lobbied British cabinet ministers and Business Leadership South Africa has sent a letter to Prime Minster Boris Johnson telling him that it was inconceivable that the situation should persist past the summer season and Christmas holiday. SATSA CEO, David Frost told BizNews that they wanted to bring home the message that you have a better chance of getting Covid-19 in Cornwall than in Cape Town. Frost looked at the future of tourism in South Africa and said that the tourism industry should repackage itself as an adventure destination to lure in a younger crowd.

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In this episode of the BizNews Power Hour, Alec Hogg is joined by Magnus Heystek on the lost decade of wealth evaporated; Dr Carmichael on his mandatory vaccines article; CPT mayor Dan Plato unpacks the latest on Amazon; Mergence's Peter Major as commodity cycle turns and the BizNews Team.

In this episode of the BizNews Power Hour, Alec Hogg is joined by Magnus Heystek on the lost decade of wealth evaporated; Dr Carmichael on his mandatory vaccines article; CPT mayor Dan Plato unpacks the latest on Amazon; Mergence's Peter Major as commodity cycle turns and the BizNews Team.

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News headlines:

*The world’s biggest number of HIV cases is complicating South Africa’s efforts to fight the coronavirus pandemic, raising the risk of more mutated versions emerging and spreading across the globe.

*South Africa and a host of other countries could soon be taken off the UK’s travel ‘red list’, according to The Telegraph and UK Independent.

*South Africa’s tax base is steadily declining as more of the country’s skilled professionals look overseas for greener pastures, says Izak Smit, chief executive of the Professional Provident Society.