BizNews Radio

Nedbank's chief executive was the flagship guest for today's BizNews Power Hour, with the veteran banking executive providing us with his rational perspective on the widespread looting and vandalisation that has caused devastation in KZN and parts of Gauteng. Brown also elaborated on the hybrid work model Nedbank is employing going forward. He says that the pandemic has accelerated this shift and it fits into Nedbank's digital journey. Fascinating insights on all accounts.

Francois Marais is the founder of Safari, one of the bigger investors in South African township shopping malls. Marais joined the BizNews Power Hour to discuss the developments of looting and rioting in KwaZulu-Natal and Gauteng in particular, detailing the damage done to the group’s properties. Marais notes that while Safari’s properties saw damage, it was nowhere near as bad as what KwaZulu-Natal has gone through. Marais speaks in his personal capacity and no longer represents the views of Safari. – Jarryd Neves

Francois Marais is the founder of Safari, one of the bigger investors in South African township shopping malls. Marais joined the BizNews Power Hour to discuss the developments of looting and rioting in KwaZulu-Natal and Gauteng in particular, detailing the damage done to the group’s properties. Marais notes that while Safari’s properties saw damage, it was nowhere near as bad as what KwaZulu-Natal has gone through. Marais speaks in his personal capacity and no longer represents the views of Safari. – Jarryd Neves

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The violent protests raging in South Africa have dealt a grievous blow to the country’s efforts to rebuild an economy already ravaged by the recurrent lockdown regulations that have been imposed to curb the spread of Covid-19. The protests, which have turned deadly, also pose the sternest test yet to President Cyril Ramaphosa’s authority. Steven Nathan, founder of 10X Investments, joined the BizNews Power Hour to discuss the country’s latest trauma. Nathan noted that President Ramaphosa has, thus far, not really shown a strong leadership position and that he ‘hasn’t created a platform and given confidence to the various stakeholders that things are going to change.’ The President’s impunity, he says, ‘erodes people's confidence and gives them greater license to do things that they ordinarily would not do if it wasn't for operating in a society where they see people getting away with what they believe is unfair practices.’

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The violent protests raging in South Africa have dealt a grievous blow to the country’s efforts to rebuild an economy already ravaged by the recurrent lockdown regulations that have been imposed to curb the spread of Covid-19. The protests, which have turned deadly, also pose the sternest test yet to President Cyril Ramaphosa’s authority. Steven Nathan, founder of 10X Investments, joined the BizNews Power Hour to discuss the country’s latest trauma. Nathan noted that President Ramaphosa has, thus far, not really shown a strong leadership position and that he ‘hasn’t created a platform and given confidence to the various stakeholders that things are going to change.’ The President’s impunity, he says, ‘erodes people's confidence and gives them greater license to do things that they ordinarily would not do if it wasn't for operating in a society where they see people getting away with what they believe is unfair practices.’

Sakeliga's CEO Piet Le Roux joined the BizNews Power Hour to discuss the wave of violent protests and looting that is currently wreaking havoc in South Africa, particularly in KwaZulu-Natal. Le Roux remains hopeful about the situation, arguing that local communities have helped to contain it. "What's happening now is bad, but it's controlled. It's contained to a significant degree. It's localised; it's very bad where it is. If only the police were to handle this, it would have been - and even the army - it would have been a complete disaster. But we are seeing communities and businesses taking a stand. I think that is very good. So in this vacuum of state failure, we're seeing a rise of decentralised decision-making, even at the level of personal and community security. To me, that's very hopeful."

Sakeliga's CEO Piet Le Roux joined the BizNews Power Hour to discuss the wave of violent protests and looting that is currently wreaking havoc in South Africa, particularly in KwaZulu-Natal. Le Roux remains hopeful about the situation, arguing that local communities have helped to contain it. "What's happening now is bad, but it's controlled. It's contained to a significant degree. It's localised; it's very bad where it is. If only the police were to handle this, it would have been - and even the army - it would have been a complete disaster. But we are seeing communities and businesses taking a stand. I think that is very good. So in this vacuum of state failure, we're seeing a rise of decentralised decision-making, even at the level of personal and community security. To me, that's very hopeful."

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In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Steven Nathan; Futurist Clem Sunter on the low or high roads that SA may follow; Institute of Race Relations outgoing CEO Frans Cronje on where the ANC is heading; a spotlight on the proposed firearm bill with Nicholas Lorimer and Gideon Joubert; founder of Safari Investments Francois Marais on township mall looting, 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 Steven Nathan; Futurist Clem Sunter on the low or high roads that SA may follow; Institute of Race Relations outgoing CEO Frans Cronje on where the ANC is heading; a spotlight on the proposed firearm bill with Nicholas Lorimer and Gideon Joubert; founder of Safari Investments Francois Marais on township mall looting, and the BizNews Power Hour Team.

News headlines:

*Deadly protests that erupted in South Africa following former President Jacob Zuma’s jailing showed no signs of letting up, even as the authorities pledged to clamp down on the violence. More than 2,500 soldiers have been deployed to Gauteng and KZN to quell violent looting, but the defence minister has stated that SA is not yet considering a state of emergency.

*South Africa’s Covid-19 vaccination program has been partially halted as violent protests rage in two key provinces.

*French authorities fined Google €500m after the search giant failed to follow an order to reach a fair deal with publishers to use their news content on its platform.

*Officials at the US Food and Drug Administration warned of a rare but serious neurological disorder linked to Johnson & Johnson's coronavirus vaccine. 100 cases of Guillain-Barré syndrome have been reported among people who received J&J's vaccine, the FDA said in a statement.

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