BizNews Radio

This year's Lions Tour has raised concerns about referee calls and the extended time spent on TMO (Third Match Official) investigations. While other sports, like cricket and tennis, have benefitted from technology like Hawk-Eye, the oval shape of a rugby ball has made the application of this technology more difficult. But two UCT graduates, Dugald Macdonald and Peter Husemeyer, believe they can change this. They have founded a tech company called Sportable, which uses portable and scalable data collection to try and fill rugby's ball-tracking hole. Co-founder Dugald Macdonald told BizNews that they wanted to improve the flow of the game with their ball and player-tracking technology.

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In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; SAFCEI pleads with Gates Foundation; TreasuryOne's Andre Cilliers on the rand; Peter Major on Sasol, Northam and Impala Platinum results and earnings guidance, and the BizNews Power Hour team.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; SAFCEI pleads with Gates Foundation; TreasuryOne's Andre Cilliers on the rand; Peter Major on Sasol, Northam and Impala Platinum results and earnings guidance, and the BizNews Power Hour team.

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In this Currency Focus, TreasuryOne currency strategist Andre Cilliers once again gives us the lowdown on the rand's movements. He believes that a new Minister of Finance is positive news for SA. "I think Mr Mboweni had sort of lost a little bit of interest," he says. "He had always said that he does not want to be in that position anymore. Now, when somebody doesn't want to be in a position anymore, then I don't think that the position actually gets the attention that it should be getting."

In this Currency Focus, TreasuryOne currency strategist Andre Cilliers once again gives us the lowdown on the rand's movements. He believes that a new Minister of Finance is positive news for SA. "I think Mr Mboweni had sort of lost a little bit of interest," he says. "He had always said that he does not want to be in that position anymore. Now, when somebody doesn't want to be in a position anymore, then I don't think that the position actually gets the attention that it should be getting."

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News headlines:

*Former President Jacob Zuma, currently serving a 15-month jail term for contempt of court, has undergone surgery for an unspecified condition, and is due to have further procedures carried out in coming days.

*South Africa’s state-owned ports and rail company is seeking a partner to take stakes in two container terminals to boost efficiency and strengthen ties with global trade routes.

*SARS’s Criminal and Illicit Economic Activities division has reportedly traced stolen VBS money through two front companies into EFF deputy leader Floyd Shivambu’s FNB Private Wealth bank account and is demanding R28.2 million from his brother Brian Shivambu.

News headlines:

*Former President Jacob Zuma, currently serving a 15-month jail term for contempt of court, has undergone surgery for an unspecified condition, and is due to have further procedures carried out in coming days.

*South Africa’s state-owned ports and rail company is seeking a partner to take stakes in two container terminals to boost efficiency and strengthen ties with global trade routes.

*SARS’s Criminal and Illicit Economic Activities division has reportedly traced stolen VBS money through two front companies into EFF deputy leader Floyd Shivambu’s FNB Private Wealth bank account and is demanding R28.2 million from his brother Brian Shivambu.

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David Shapiro joins the BizNews Power Hour all the way from Boston, Massachusetts. The Chief Global Equity Strategist of Sasfin Securities touches on the mood surrounding Afghanistan in the US, and comments on how Covid-19 has affected businesses in the Big Apple. Together with Alec Hogg, Shapiro weighs in on Sasol - who’ve recently released their results - and Naspers/Prosus, who recently concluded their share swop.

David Shapiro joins the BizNews Power Hour all the way from Boston, Massachusetts. The Chief Global Equity Strategist of Sasfin Securities touches on the mood surrounding Afghanistan in the US, and comments on how Covid-19 has affected businesses in the Big Apple. Together with Alec Hogg, Shapiro weighs in on Sasol - who’ve recently released their results - and Naspers/Prosus, who recently concluded their share swop.

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Mining guru Peter Major is the go to man for anything and everything resource-related, with the veteran mining director cautioning investors on a day where Sasol, Northam and Impala Platinum announced results and earnings guidance. Major noted that the drivers of Sasol's earnings - chemicals, was largely unexpected by the market given the robustness in the oil price since the beginning of the year. Major also gives credit to the resource counters management, stating that this is the most disciplined the management teams have been since he got to South Africa in 1982. Lastly, BizNews founder Alec Hogg and Major talk about the imminent corporate action with BHP Billiton's petroleum unit, which is a significant contributor to the bottom line of one of the world's largest mining companies.