BizNews Radio

Last week’s anarchy left some BizNews community members wondering about the safety of their EasyEquities investments. To address these concerns, BizNews founder Alec Hogg went straight to the source and invited Charles Savage - Purple Group CEO and EasyEquities CEO and founder - to join the BizNews Power Hour. EasyEquities investors can breathe a sigh of relief, and with the number of the platform's customers having surpassed one million - it’s sure to be a collective sigh. Savage explains that with the ‘virtualisation’ of stock ownership - the civil unrest recently experienced in the country poses no risk to offshore investments and money invested with EasyEquities. Savage - a self-proclaimed ‘massive South African bull’ admits that last week ‘was the worst week in his life as a citizen of South Africa.’ While he maintains his belief that South Africa can have a great decade ahead and that the events of last week might be a tipping point for the unification of the country - he states that - if he were in his thirties - his thinking and decisions would be different.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; TreasuryONE's Andre Cilliers on foreign investors shying away from SA; Deputy Mayor Ian Neilson weighs in on Cape Town being placed in 'junk territory' by Moody's; Tekkie Town's Bernard Mostert shares his thoughts on the latest Steinhoff settlement; Charles Savage of Purple Group on offshore investments if anarchy wins in SA and the BizNews Power Hour Team.

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In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; TreasuryONE's Andre Cilliers on foreign investors shying away from SA; Deputy Mayor Ian Neilson weighs in on Cape Town being placed in 'junk territory' by Moody's; Tekkie Town's Bernard Mostert shares his thoughts on the latest Steinhoff settlement; Charles Savage of Purple Group on offshore investments if anarchy wins in SA and the BizNews Power Hour Team.

News headlines:

*An uneasy calm prevailed across most of South Africa’s KwaZulu-Natal and Gauteng provinces as key roads reopened and clean-up operations began in earnest on Friday following some of the most violent protests the country has ever seen.

*A week of deadly protests in South Africa has given impetus to proposals that the government pay out cash stipends to address the high levels of poverty and inequality that fueled the unrest.

*An investigation by The Guardian has revealed that Raees and Ameer Cajee, the brothers who founded cryptocurrency investment scheme Africrypt, bought citizenship from the Pacific island nation of Vanuatu.

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News headlines:

*An uneasy calm prevailed across most of South Africa’s KwaZulu-Natal and Gauteng provinces as key roads reopened and clean-up operations began in earnest on Friday following some of the most violent protests the country has ever seen.

*A week of deadly protests in South Africa has given impetus to proposals that the government pay out cash stipends to address the high levels of poverty and inequality that fueled the unrest.

*An investigation by The Guardian has revealed that Raees and Ameer Cajee, the brothers who founded cryptocurrency investment scheme Africrypt, bought citizenship from the Pacific island nation of Vanuatu.

In this week's Currency Focus, Andre Cilliers explains why the rand showed a surprisingly small degree of weakening despite the looting and unrest in KZN last week. He added that we still need to get our house in order as we are not one of the emerging markets that attract the most money. "The event takes place over three days but the consequences stay with us for years thereafter," says Cilliers.

In this week's Currency Focus, Andre Cilliers explains why the rand showed a surprisingly small degree of weakening despite the looting and unrest in KZN last week. He added that we still need to get our house in order as we are not one of the emerging markets that attract the most money. "The event takes place over three days but the consequences stay with us for years thereafter," says Cilliers.

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A Moody’s Investors Service report downgraded five South African cities, placing them into junk territory. Among them is Cape Town, a city that, last month, received feedback from Moody’s saying that the city is in a “strong position.” Joining BizNews is Ian Neilson, the Deputy Mayor of the Mother City. “We’re able to deliver on our budget and on our plans. We don’t see any merit in this downgrade,” he says.

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A Moody’s Investors Service report downgraded five South African cities, placing them into junk territory. Among them is Cape Town, a city that, last month, received feedback from Moody’s saying that the city is in a “strong position.” Joining BizNews is Ian Neilson, the Deputy Mayor of the Mother City. “We’re able to deliver on our budget and on our plans. We don’t see any merit in this downgrade,” he says.

As is customary for a Monday, David Shapiro talks all things civil unrest and its effects on the JSE, which has held up relatively well during these trying times in South Africa. Shapiro notes that what's happening around us and what's happening in the markets are two different animals altogether.

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