BizNews Radio

* South Africa’s government will allow private investors and companies to build their own power plants with up to 100 megawatts of generating capacity without a license, up from a previous limit of 1 megawatt.

* While South Africa has the highest number of Covid-19 infections on the continent, it is struggling to accelerate its vaccination drive.

* South Africa’s government has found a strategic equity partner for state-owned carrier South African Airways, says Bloomberg.

* More than 150 Oxford dons are boycotting Oriel College and refusing to teach its students in protest at its decision to keep the Cecil Rhodes statue.

* A small group of workers will find something new in their 401(k) plan starting in July: the option to invest in cryptocurrency, says The Wall Street Journal. ForUsAll Inc., a 401(k) provider, announced earlier this month a deal with the institutional arm of Coinbase Global

* South Africa’s government will allow private investors and companies to build their own power plants with up to 100 megawatts of generating capacity without a license, up from a previous limit of 1 megawatt.

* While South Africa has the highest number of Covid-19 infections on the continent, it is struggling to accelerate its vaccination drive.

* South Africa’s government has found a strategic equity partner for state-owned carrier South African Airways, says Bloomberg.

* More than 150 Oxford dons are boycotting Oriel College and refusing to teach its students in protest at its decision to keep the Cecil Rhodes statue.

* A small group of workers will find something new in their 401(k) plan starting in July: the option to invest in cryptocurrency, says The Wall Street Journal. ForUsAll Inc., a 401(k) provider, announced earlier this month a deal with the institutional arm of Coinbase Global

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Dr Ryan Noach is the chief executive of Discovery Health. He joined Alec Hogg on the BizNews Power Hour to discuss the surging Covid-19 statistics in SA, with officials reporting a positivity rate of 16.5% on tests conducted. Positive cases spiked to 8,881, the biggest daily increase since January. Noach discusses whether South Africa may in fact be heading into a third wave.

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Dr Ryan Noach is the chief executive of Discovery Health. He joined Alec Hogg on the BizNews Power Hour to discuss the surging Covid-19 statistics in SA, with officials reporting a positivity rate of 16.5% on tests conducted. Positive cases spiked to 8,881, the biggest daily increase since January. Noach discusses whether South Africa may in fact be heading into a third wave.

Corruption buster Paul O’Sullivan joined the BizNews Power Hour to discuss the news that the United Arab Emirates has ratified an extradition treaty with South Africa so that the Guptas can be brought back into the country. This could be good news given that the UAE is said to be where the Gupta brothers are living at present, but O'Sullivan is hesitant. "We're getting information now that says they might have moved, but I haven't been able to confirm it," he says. O'Sullivan explains the complexities of the process and what could happen now. - Claire Badenhorst

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Corruption buster Paul O’Sullivan joined the BizNews Power Hour to discuss the news that the United Arab Emirates has ratified an extradition treaty with South Africa so that the Guptas can be brought back into the country. This could be good news given that the UAE is said to be where the Gupta brothers are living at present, but O'Sullivan is hesitant. "We're getting information now that says they might have moved, but I haven't been able to confirm it," he says. O'Sullivan explains the complexities of the process and what could happen now. - Claire Badenhorst

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Magnus Heystek, Paul O'Sullivan on the Gupta brothers' fate, Isaac Mophatlane, Crossfin investor on EOH's sale. Kanthan Pillay weighs in on firearm ban in SA 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 Magnus Heystek, Paul O'Sullivan on the Gupta brothers' fate, Isaac Mophatlane, Crossfin investor on EOH's sale. Kanthan Pillay weighs in on firearm ban in SA and the BizNews Power Hour team.

Isaac Mophatlane is the co-founder of Business Connexion — now BCX and a Crossfin investor. EOH has announced the disposal of its subsidiary, Sybrin, in a R410m deal with a consortium led by One Thousand & One Voices Management (1K1V) and has Crossfin Technology as an empowerment partner. For the new shareholders of Sybrin, the deal presents an opportunity for them to explore new frontiers. Mophatlane spoke to BizNews founder Alec Hogg to discuss the deal.

* South Africa is a step closer to holding the powerful Gupta family to account for corruption and state capture, with the United Arab Emirates confirming it has ratified an extradition treaty with South Africa.

* South Africa will hold municipal elections in October as planned, and will institute measures to mitigate against the risk of the coronavirus spreading during the voting process, the chairman of the nation’s Independent Electoral Commission said.

* Zimbabweans living abroad almost doubled the amount of money they sent home this year, bolstering the economy, Central Bank Governor John Mangudya said.

* Some banks, awash in deposits, are encouraging corporate clients to spend the cash on their businesses or move it elsewhere, reports BizNews partner The Wall Street Journal.

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