BizNews Radio

Counterpoint Value Fund manager Piet Viljoen took centre stage as Tuesday's BizNews Power Hour co-host, with the veteran analyst unpacking the nitty gritty of the Steinhoff settlement saga. Viljoen outlines the risk inherent in Steinhoff shares after yesterday's court hearing and states that there is a possibility that ordinary shareholders will be left with nothing. Viljoen lambasts the Tekkie Town owners, who he believes should have been more cautious in their decision to take Steinhoff shares for the business. Lastly, the Naspers stable latest acquisition of Indian payments gateway company BillDesk is discussed, with Viljoen pointing out that growth via acquisition is a very risk strategy as 'sellers always know more about the business.'

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In my eerste van drie gesprekke met Jan Meintjes van Denker Capital gesels ons oor Kaap Agri.

In my eerste van drie gesprekke met Jan Meintjes van Denker Capital gesels ons oor Kaap Agri.

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Alternative stock exchange 4AX, a rival to the Johannesburg Stock Exchange (JSE), is rebranding to become the Cape Town Stock Exchange (CTSE). 4AX Chief Executive Officer Eugene Booysen joined the BizNews Power Hour to unpack this development with Alec Hogg. According to Booysen, what sets this new stock exchange apart is its focus on SMEs, mid-sized corporates, and small-cap stocks. "We can't keep paying lip service to SME development; we can't keep paying lip service to growth in the underlying SA economy. [If] we are serious about targeting growth companies, [if] we are serious about helping entrepreneurs, then we need to bring ourselves down to where the entrepreneurship occurs," he explains.

Alternative stock exchange 4AX, a rival to the Johannesburg Stock Exchange (JSE), is rebranding to become the Cape Town Stock Exchange (CTSE). 4AX Chief Executive Officer Eugene Booysen joined the BizNews Power Hour to unpack this development with Alec Hogg. According to Booysen, what sets this new stock exchange apart is its focus on SMEs, mid-sized corporates, and small-cap stocks. "We can't keep paying lip service to SME development; we can't keep paying lip service to growth in the underlying SA economy. [If] we are serious about targeting growth companies, [if] we are serious about helping entrepreneurs, then we need to bring ourselves down to where the entrepreneurship occurs," he explains.

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Bernard Mostert sits down with BizNews founder Alec Hogg to discuss the ins and outs of the Steinhoff settlement saga, a litigation battle which is seemingly coming to a close after nearly four years. The Steinhoff share price has been on a rollercoaster ride the last few weeks, having doubled from R2 to R4 in a matter of weeks before nosediving more than 20% on the local bourse today. Below, Tekkie Town co-founder Bernard Mostert provides clarity on the legal proceedings, as Judge Slingers ruled in favour of Mostert and co in that liquidation proceedings against Steinhoff can proceed.

Bernard Mostert sits down with BizNews founder Alec Hogg to discuss the ins and outs of the Steinhoff settlement saga, a litigation battle which is seemingly coming to a close after nearly four years. The Steinhoff share price has been on a rollercoaster ride the last few weeks, having doubled from R2 to R4 in a matter of weeks before nosediving more than 20% on the local bourse today. Below, Tekkie Town co-founder Bernard Mostert provides clarity on the legal proceedings, as Judge Slingers ruled in favour of Mostert and co in that liquidation proceedings against Steinhoff can proceed.

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Attention has, once again, recently been on South Africa as the country eagerly awaited a ruling from the Constitutional Court on an application by the Electoral Commission of South Africa (IEC) to have this year’s elections postponed. On Friday, the ConCourt dismissed the IEC’s application, ordering that the local government elections be held on any day in the period Wednesday 27 October to 1 November. The ConCourt ruling carries potentially devastating consequences for the continued power of the ANC as they missed the deadline to register ward candidates in 93 wards. Helen Zille, the former Premier of the Western Cape who has served as the Chairperson of the Federal Council of the Democratic Alliance since 20 October 2019, joined the BizNews Power Hour to discuss the implications of the ConCourt ruling and the ‘sleight of hand’ exercised by the IEC which provided the ‘gap that the ANC so desperately needed at least to register their candidates.’

Attention has, once again, recently been on South Africa as the country eagerly awaited a ruling from the Constitutional Court on an application by the Electoral Commission of South Africa (IEC) to have this year’s elections postponed. On Friday, the ConCourt dismissed the IEC’s application, ordering that the local government elections be held on any day in the period Wednesday 27 October to 1 November. The ConCourt ruling carries potentially devastating consequences for the continued power of the ANC as they missed the deadline to register ward candidates in 93 wards. Helen Zille, the former Premier of the Western Cape who has served as the Chairperson of the Federal Council of the Democratic Alliance since 20 October 2019, joined the BizNews Power Hour to discuss the implications of the ConCourt ruling and the ‘sleight of hand’ exercised by the IEC which provided the ‘gap that the ANC so desperately needed at least to register their candidates.’

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The horse racing industry in South Africa recently celebrated a victory when the Public Protector report of Busisiwe Mkhwebane, which ordered wide-ranging changes to the horse racing industry, was set aside by the North Gauteng High Court. Mkhwebane’s report, which was released in 2019, recommended that the Gauteng Gambling Board cease payment to Phumelela of a 3% levy on winnings from horse racing bets taken by fixed-odds operators in the province. To discuss the setting aside of the report, BizNews founder Alec Hogg spoke to the former CEO of Phumelela, Rian du Plessis, who stated that the implementation of this recommendation cost Phumelela around R80mn per year and ‘pretty much hastened its demise.’