BizNews Radio

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.

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

As is customary for a Monday, veteran portfolio manager David Shapiro unpacks the important investment matters at hand for the week ahead. Markets aside, David also shares his thoughts on electric vehicles, themes from the G7 summit and all things Magda Wierzycka.

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

As is customary for a Monday, veteran portfolio manager David Shapiro unpacks the important investment matters at hand for the week ahead. Markets aside, David also shares his thoughts on electric vehicles, themes from the G7 summit and all things Magda Wierzycka.

Last week, our partners at Bloomberg reported that South Africa had agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm. The news was received with a collective sigh of relief, as SAA has been a drain on state finances for far too long. A consortium comprised of Johannesburg-based Global Airways, which owns recently launched domestic airline Lift, and private-equity firm Harith General Partners will take a 51% shareholding in South African Airways. Tshepo Mahloele, the Chief Executive Officer at Harith, is one of the originators of the $630m Pan African Infrastructure Development Fund. Mahloele has partnered with Gidon Novick, the co-founder of Lift, who has stepped back into the industry he was born into nine years after stepping down as CEO of Comair. With these two at the helm, SAA may just have a fighting chance. BizNews founder Alec Hogg spoke to Tshepo Mahloele about their newest venture.

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

Last week, our partners at Bloomberg reported that South Africa had agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm. The news was received with a collective sigh of relief, as SAA has been a drain on state finances for far too long. A consortium comprised of Johannesburg-based Global Airways, which owns recently launched domestic airline Lift, and private-equity firm Harith General Partners will take a 51% shareholding in South African Airways. Tshepo Mahloele, the Chief Executive Officer at Harith, is one of the originators of the $630m Pan African Infrastructure Development Fund. Mahloele has partnered with Gidon Novick, the co-founder of Lift, who has stepped back into the industry he was born into nine years after stepping down as CEO of Comair. With these two at the helm, SAA may just have a fighting chance. BizNews founder Alec Hogg spoke to Tshepo Mahloele about their newest venture.

* South Africa will dispose of 2 million Johnson & Johnson Covid-19 vaccines following a US ruling that ingredients for the country’s doses may have been contaminated during production, says Bloomberg.

* Alexander Forbes Group Holdings has agreed to sell its Life business to Sanlam as part of its strategy to focus on its core retirements, savings and investments business.

* Fulvio Tonelli has been elected chairman of South Africa’s Independent Regulatory Board for Auditors, the Ministry of Finance says.

* South Africa born founder Elon Musk has hit back at South African financial services entrepreneur Magda Wierzycka over allegations, in a BizNews interview, that he manipulated the price of Bitcoin for his own purposes in a pump-and-dump tactic.

* South Africa will dispose of 2 million Johnson & Johnson Covid-19 vaccines following a US ruling that ingredients for the country’s doses may have been contaminated during production, says Bloomberg.

* Alexander Forbes Group Holdings has agreed to sell its Life business to Sanlam as part of its strategy to focus on its core retirements, savings and investments business.

* Fulvio Tonelli has been elected chairman of South Africa’s Independent Regulatory Board for Auditors, the Ministry of Finance says.

* South Africa born founder Elon Musk has hit back at South African financial services entrepreneur Magda Wierzycka over allegations, in a BizNews interview, that he manipulated the price of Bitcoin for his own purposes in a pump-and-dump tactic.

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

Phil Craig is one of many individuals rooting for Cape Independence. The spokesperson for the Cape Independence Advocacy Group (CIAG) joined the BizNews Power Hour to discuss the idea - and possibility - of Cape secession. Craig tells Alec Hogg that CIAG wants "outright independence secession", while parties like the DA "are not there yet, but have moved heavily towards autonomy." He also weighs in on the Private Members Bill, explaining what it is and where it began.

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

Phil Craig is one of many individuals rooting for Cape Independence. The spokesperson for the Cape Independence Advocacy Group (CIAG) joined the BizNews Power Hour to discuss the idea - and possibility - of Cape secession. Craig tells Alec Hogg that CIAG wants "outright independence secession", while parties like the DA "are not there yet, but have moved heavily towards autonomy." He also weighs in on the Private Members Bill, explaining what it is and where it began.

Founder and Executive Chairman of the Sygnia Group and one of the world's most coveted businesswomen, lashed out at Tesla and SpaceX chief executive Elon Musk, calling his market moving social media activities unacceptable. This made its way onto twitter, where Musk called Wierzycka's comments 'incorrect'.

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