BizNews Radio

In this episode of the BizNews Power Hour, Jackie Cameron is joined by co-host Steven Nathan; Perpetua's Delphine Govender on the war between Naspers and its shareholders; former finance minister Trevor Manuel on a decade lost of SA economy and the BizNews Power Hour Team.

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In today's headlines:

*Tencent investor Prosus NV has agreed to buy a majority stake in European online employee-training platform GoodHabitz for 212 million euros ($257 million), extending the e-commerce giant’s push into education, reports Bloomberg.

*Eskom CEO Andre de Ruyter has been facing death threats and unfounded allegations after starting a clean-up operation at the power utility.

*Mauritius, which has been closed to international visitors throughout the pandemic, will reopen its borders to vaccinated tourists on 15 July. South Africans, however, are excluded from this reopening and will still be banned from entering Mauritius even if they have been fully vaccinated against Covid-19.

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In today's headlines:

*Tencent investor Prosus NV has agreed to buy a majority stake in European online employee-training platform GoodHabitz for 212 million euros ($257 million), extending the e-commerce giant’s push into education, reports Bloomberg.

*Eskom CEO Andre de Ruyter has been facing death threats and unfounded allegations after starting a clean-up operation at the power utility.

*Mauritius, which has been closed to international visitors throughout the pandemic, will reopen its borders to vaccinated tourists on 15 July. South Africans, however, are excluded from this reopening and will still be banned from entering Mauritius even if they have been fully vaccinated against Covid-19.

Naspers came to a crossroads last week as 36 activist investors teamed together against the complex shareholding structure and lack of management alignment in Naspers and Prosus - South Africa’s two largest businesses. The Naspers executive team, led by chief executive Bob van Dijk, has been under scrutiny by market participants for a number of years. Steven Nathan, founder of 10X Investments, joined the BizNews Power Hour to comment on the management of Naspers and the giant’s precarious position. Another significant deal, Alexander Forbes’ sale of its life insurance to Sanlam, was also discussed.

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Naspers came to a crossroads last week as 36 activist investors teamed together against the complex shareholding structure and lack of management alignment in Naspers and Prosus - South Africa’s two largest businesses. The Naspers executive team, led by chief executive Bob van Dijk, has been under scrutiny by market participants for a number of years. Steven Nathan, founder of 10X Investments, joined the BizNews Power Hour to comment on the management of Naspers and the giant’s precarious position. Another significant deal, Alexander Forbes’ sale of its life insurance to Sanlam, was also discussed.

Magnus Heystek is seker een van dié mees bekende en invloedryke markkommentators in Suid Afrika. In die potgooi wou ek by hom hoor hoe dit als begin het; hoe hy in die bedryf beland het en dit reggerkry het om Brenthurst uit te bou tot een van Suid Afrika se beste boutiek welvaartsondernemings.

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Magnus Heystek is seker een van dié mees bekende en invloedryke markkommentators in Suid Afrika. In die potgooi wou ek by hom hoor hoe dit als begin het; hoe hy in die bedryf beland het en dit reggerkry het om Brenthurst uit te bou tot een van Suid Afrika se beste boutiek welvaartsondernemings.

Negative headlines about the rand at the start of the week are overdone. That's the message from TreasuryOne currency strategist Andre Cilliers, who explains why the rand has lost some of its recent strength against the US dollar. There has been much good news in South Africa which is likely to play into strengthening the rand's value. He was speaking to Jackie Cameron, for BizNews, in this week's Currency Focus.

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

Negative headlines about the rand at the start of the week are overdone. That's the message from TreasuryOne currency strategist Andre Cilliers, who explains why the rand has lost some of its recent strength against the US dollar. There has been much good news in South Africa which is likely to play into strengthening the rand's value. He was speaking to Jackie Cameron, for BizNews, in this week's Currency Focus.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro; Sygnia's Magda Wierzycka on her Twitter wars with Elon Musk; Phil Craig of Cape Independence Advocacy Group; Tshepo Mahloele on SAA going private and the BizNews Power Hour Team.