BizNews Radio

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Jean-Pierre Verster as co-host, Brian Joffe on Long 4 Life results and prospects going forward, Tekkie Town co-founder Bernard Mostert on their dispute with Steinhoff, PostNet CEO Chris Wheeler on the battle with SAPO and the courier industry, and the BizNews team.

* South African-American biotech billionaire Patrick Soon-Shiong has committed an initial R3 billion to help build out South Africa’s capabilities to produce COVID-19 vaccines.

* South Africa’s Department of Health said that while Covid-19 infections climbed 46% in the last week the country has not yet reached a “resurgence threshold.”

* The South African Medical Research Council has produced a report into excess deaths over the past year suggests more than 133,000 people in the country have died from Covid-19.

* Absa expects a 10-fold profit jump for the six months to June 30, it said on Thursday, citing cost controls and reduced bad debts.

* South Africa’s biggest food producer Tiger Brands said on Thursday it expects its half-year profits to rise by up to 55% versus a year earlier.

* Facebook has been called to appear before South Africa’s Parliament this month to explain what it is doing about “harmful misinformation” spreading on its platform, marking the first time the social media giant has appeared before lawmakers in Africa, reports Forbes.

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* South African-American biotech billionaire Patrick Soon-Shiong has committed an initial R3 billion to help build out South Africa’s capabilities to produce COVID-19 vaccines.

* South Africa’s Department of Health said that while Covid-19 infections climbed 46% in the last week the country has not yet reached a “resurgence threshold.”

* The South African Medical Research Council has produced a report into excess deaths over the past year suggests more than 133,000 people in the country have died from Covid-19.

* Absa expects a 10-fold profit jump for the six months to June 30, it said on Thursday, citing cost controls and reduced bad debts.

* South Africa’s biggest food producer Tiger Brands said on Thursday it expects its half-year profits to rise by up to 55% versus a year earlier.

* Facebook has been called to appear before South Africa’s Parliament this month to explain what it is doing about “harmful misinformation” spreading on its platform, marking the first time the social media giant has appeared before lawmakers in Africa, reports Forbes.

The Ascendis Health Activists grouping represents investors that use social media to establish a unified voice. Their representative - Harry Smit - joined the BizNews Power Hour and said "We do feel the deal on the table is a much better transaction than business rescue and we'll be supporting the proposal"

The Ascendis Health Activists grouping represents investors that use social media to establish a unified voice. Their representative - Harry Smit - joined the BizNews Power Hour and said "We do feel the deal on the table is a much better transaction than business rescue and we'll be supporting the proposal"

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The Pearl Valley Hotel by Mantis is situated on the Jack Nicklaus Signature Pearl Valley Golf Course at the international award-winning Val de Vie Estate just outside of Paarl in the Cape Winelands. Arguably the best address voted number one Residential Estate in South Africa and recently voted Best Leisure Development in the world, it offers investors an opportunity to cut their tax bills, with special hotel rewards. In this interview, Deon Lewis of Futureneers speaks to Jackie Cameron of BizNews about this 12J investment offering.

The Pearl Valley Hotel by Mantis is situated on the Jack Nicklaus Signature Pearl Valley Golf Course at the international award-winning Val de Vie Estate just outside of Paarl in the Cape Winelands. Arguably the best address voted number one Residential Estate in South Africa and recently voted Best Leisure Development in the world, it offers investors an opportunity to cut their tax bills, with special hotel rewards. In this interview, Deon Lewis of Futureneers speaks to Jackie Cameron of BizNews about this 12J investment offering.

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Piet Viljoen, fund manager of the Counterpoint value fund, joined the BizNews Power Hour as co-host. Viljoen, who has both Ascend-is and Transaction Capital in his portfolio, weighed in on the recent developments with both companies. Known to many as one of the last purists out there in respect of value investing, Viljoen applied his keen understanding to a host of topics, including Naspers and Prosus as well as which clues an investor should look out for to see whether or not management is overreaching.

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Piet Viljoen, fund manager of the Counterpoint value fund, joined the BizNews Power Hour as co-host. Viljoen, who has both Ascend-is and Transaction Capital in his portfolio, weighed in on the recent developments with both companies. Known to many as one of the last purists out there in respect of value investing, Viljoen applied his keen understanding to a host of topics, including Naspers and Prosus as well as which clues an investor should look out for to see whether or not management is overreaching.

Transaction Capital, one of the best performing businesses on the JSE over the past ten years, continues to from strength to strength. In SA Taxi and WeBuyCars, the company has two great assets and is starting to benefit from the synergies created through vertical integration. David Hurwitz, the man at the helm of Transaction Capital, unpacked the results further on last night's BizNews Power Hour.

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