BizNews Radio

News briefing with Alec Hogg, Justin Rowe-Roberts and Nadya Swart:

*South Africa’s Constitutional Court cleared President Cyril Ramaphosa of allegations by the country’s corruption watchdog that he misled lawmakers over campaign-finance donations.

*South African stocks have just closed out their strongest first half in 14 years, and JPMorgan Chase & Co. is among those forecasting further gains for 2021.

*The use of Ivermectin for the prevention and treatment of Covid-19 has been the subject of much debate. The World Health Organisation‘s recommendation against Ivermectin as an alternative treatment for Covid-19 is shrouded in suspicion as the WHO’s second biggest donor is the Bill and Melinda Gates Foundation (BMGF). Visit BizNews.com for thoroughly researched articles on Ivermectin.

*The ride-hailing company Didi Chuxing became the biggest Chinese company since Alibaba to list on US exchanges on Wednesday. This follows an initial public offering that received a strong response despite regulatory tensions. Internet giant Tencent has a 6% stake in Didi.

*Blackstone, the biggest private equity player in the world, is performing very well. The company listed in the midst of the global financial crisis in 2007, and went to single digits from thirty four dollars a share all the way back up to one hundred dollars.

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News briefing with Alec Hogg, Justin Rowe-Roberts and Nadya Swart:

*South Africa’s Constitutional Court cleared President Cyril Ramaphosa of allegations by the country’s corruption watchdog that he misled lawmakers over campaign-finance donations.

*South African stocks have just closed out their strongest first half in 14 years, and JPMorgan Chase & Co. is among those forecasting further gains for 2021.

*The use of Ivermectin for the prevention and treatment of Covid-19 has been the subject of much debate. The World Health Organisation‘s recommendation against Ivermectin as an alternative treatment for Covid-19 is shrouded in suspicion as the WHO’s second biggest donor is the Bill and Melinda Gates Foundation (BMGF). Visit BizNews.com for thoroughly researched articles on Ivermectin.

*The ride-hailing company Didi Chuxing became the biggest Chinese company since Alibaba to list on US exchanges on Wednesday. This follows an initial public offering that received a strong response despite regulatory tensions. Internet giant Tencent has a 6% stake in Didi.

*Blackstone, the biggest private equity player in the world, is performing very well. The company listed in the midst of the global financial crisis in 2007, and went to single digits from thirty four dollars a share all the way back up to one hundred dollars.

Piet Viljoen returned to the BizNews Power Hour as co-host today. The Counterpoint value fund manager told BizNews two weeks ago that ‘investing in South African residential property doesn’t make sense’. Viljoen elaborated on that perspective today, stating that ‘equity is a much better asset class to own for building wealth over the long term than property.’ When asked about stocks which have caught his eye lately, Viljoen made an insightful analogy between a portfolio and twigs; ‘Each individual stock is a twig, quite a brittle, easy to break twig - but if you bundle them together and tie them together, it creates quite a strong element.’ Another topic of discussion was lockdown, particularly with reference to the restaurant industry.

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Piet Viljoen returned to the BizNews Power Hour as co-host today. The Counterpoint value fund manager told BizNews two weeks ago that ‘investing in South African residential property doesn’t make sense’. Viljoen elaborated on that perspective today, stating that ‘equity is a much better asset class to own for building wealth over the long term than property.’ When asked about stocks which have caught his eye lately, Viljoen made an insightful analogy between a portfolio and twigs; ‘Each individual stock is a twig, quite a brittle, easy to break twig - but if you bundle them together and tie them together, it creates quite a strong element.’ Another topic of discussion was lockdown, particularly with reference to the restaurant industry.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Piet Viljoen and his story of owning property being a loss; Ocean Basket's Grace Harding on lockdowns devastating impact on the hospitality sector; the second quarter investment world with EasyEquities' Lesedi Mfolo; William Saunderson-Meyer on Ivermectin as a shield for Covid and the BizNews Power Hour Team.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Piet Viljoen and his story of owning property being a loss; Ocean Basket's Grace Harding on lockdowns devastating impact on the hospitality sector; the second quarter investment world with EasyEquities' Lesedi Mfolo; William Saunderson-Meyer on Ivermectin as a shield for Covid and the BizNews Power Hour Team.

EasyEquities' Lesedi Mfolo forms part of the BizNews Power Hour with Alec Hogg, sharing insights on all the trading action on South Africa's favourite retail investing platform. Apart from the price action, Lesedi has skin in the game himself, sharing thoughts on companies from a fundamental basis.

EasyEquities' Lesedi Mfolo forms part of the BizNews Power Hour with Alec Hogg, sharing insights on all the trading action on South Africa's favourite retail investing platform. Apart from the price action, Lesedi has skin in the game himself, sharing thoughts on companies from a fundamental basis.

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Grace Harding is the founder and CEO of popular seafood restaurant chain Ocean Basket. As a restauranteur, Harding is actively involved in helping and assisting those in the industry. Plagued by Covid-19 and the resultant lockdowns, Grace joined the BizNews Power Hour to discuss the effects the latest Level 4 restrictions are having on the struggling hospitality industry, and restaurants in particular.

Grace Harding is the founder and CEO of popular seafood restaurant chain Ocean Basket. As a restauranteur, Harding is actively involved in helping and assisting those in the industry. Plagued by Covid-19 and the resultant lockdowns, Grace joined the BizNews Power Hour to discuss the effects the latest Level 4 restrictions are having on the struggling hospitality industry, and restaurants in particular.

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