BizNews Radio

Recently, the Zimbabwean Minister of Finance, Mthuli Ncube, joined the BizNews Power Hour to discuss his role and future plans four the country's economy. While he remained optimistic about Zimbabwe's economic future, there are two sides to every coin. Joining Alec Hogg on the BizNews Power Hour is John Robertson. Now retired, Robertson served as the financial editor of the Rhodesia Herald and worked at a merchant bank in Harare. He gives the other side to the optimistic story that is being propagated. He shares how he's reading the economic recovery of the country.

Magnus Heystek, journalist who started his own investment advice company, Brenthurst Wealth Management, is no stranger to criticism for his grim outlook on the South African economy. One of the most high-profile investment advisors who have recommended offshore diversification, Heystek tells it like it is. This conversation between BizNews founder Alec Hogg and Heystek is no exception. Heystek paints a very gloomy picture of the reality that South Africans face today, with a disappearing tax base and gaping budget deficit being two of the many issues the country is confronted with. While he is not hopeless, Heystek states that optimism is not an investment strategy. Turning the spotlight onto local asset managers, he makes the point that ‘Asset managers, fund managers - call it what you like - are not investment advisors, they have no consequences that come back to them if they get it wrong.’

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Magnus Heystek, journalist who started his own investment advice company, Brenthurst Wealth Management, is no stranger to criticism for his grim outlook on the South African economy. One of the most high-profile investment advisors who have recommended offshore diversification, Heystek tells it like it is. This conversation between BizNews founder Alec Hogg and Heystek is no exception. Heystek paints a very gloomy picture of the reality that South Africans face today, with a disappearing tax base and gaping budget deficit being two of the many issues the country is confronted with. While he is not hopeless, Heystek states that optimism is not an investment strategy. Turning the spotlight onto local asset managers, he makes the point that ‘Asset managers, fund managers - call it what you like - are not investment advisors, they have no consequences that come back to them if they get it wrong.’

One of South Africa's top economists Russell Lamberti forms part of the BizNews Power Hour in this intriguing discussion with Alec Hogg. Lamberti, founder and strategist at ETM Macro Advisors has been involved in the econometrics space for a number of years, guiding a number of institutional and professional investors on the broader economic backdrop. He joins activist group Sakeliga as chief economist in September, pivoting from a more quantitative intensive background. Lamberti expresses his excitement for his new role, stating that he desperately wants to make a difference to a deteriorating South Africa.

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One of South Africa's top economists Russell Lamberti forms part of the BizNews Power Hour in this intriguing discussion with Alec Hogg. Lamberti, founder and strategist at ETM Macro Advisors has been involved in the econometrics space for a number of years, guiding a number of institutional and professional investors on the broader economic backdrop. He joins activist group Sakeliga as chief economist in September, pivoting from a more quantitative intensive background. Lamberti expresses his excitement for his new role, stating that he desperately wants to make a difference to a deteriorating South Africa.

Mining took center stage in most of today’s discussion after our partners at Bloomberg reported that iconic South African mines are the ‘unlikely saviour’ to the ravaged South African economy. Steven Nathan, founder of 10X Investments, joined the BizNews Power Hour as our regular Tuesday co-host to discuss, among other things, the record mining-company profits that are bolstering government revenue. Nathan referred to SA mining as our ‘get out of jail free card’, but also stated that ‘it's never all good or all bad with economics.’ Another insightful topic was the accountability of auditors for not doing their job properly - particularly relevant in light of EOH going after its former directors.

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Mining took center stage in most of today’s discussion after our partners at Bloomberg reported that iconic South African mines are the ‘unlikely saviour’ to the ravaged South African economy. Steven Nathan, founder of 10X Investments, joined the BizNews Power Hour as our regular Tuesday co-host to discuss, among other things, the record mining-company profits that are bolstering government revenue. Nathan referred to SA mining as our ‘get out of jail free card’, but also stated that ‘it's never all good or all bad with economics.’ Another insightful topic was the accountability of auditors for not doing their job properly - particularly relevant in light of EOH going after its former directors.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Steven Nathan; Stephen Van Coller on righting EOH wrongs; Jean-Pierre Verster favours Naspers share swap; mining veteran Peter Major weighs in on the new Anglo Gold CEO 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; Stephen Van Coller on righting EOH wrongs; Jean-Pierre Verster favours Naspers share swap; mining veteran Peter Major weighs in on the new Anglo Gold CEO and the BizNews Power Hour Team.

News headlines:

*The world’s deepest precious-metals mines, together with giant iron-ore and coal pits are providing an unexpected boon to a South African economy slowly recovering from its biggest contraction in a century.

*AngloGold Ashanti Ltd. appointed former BHP Group executive Alberto Calderon to its top job, ending a nearly year-long head hunt that’s weighed on the shares of the No. 3 gold producer.

*The government will most likely extend the two-week adjusted level four lockdown regulations as Covid-19 cases in South Africa continue to rise.

*South Africa’s ruling African National Congress distanced itself from former President Jacob Zuma’s attempt to discredit the Constitutional Court after it found him guilty of contempt, and slated threats by his supporters to block the authorities from arresting him.