BizNews Radio

* #Eskom workers are seeking 15% wage increases, even though the utility is struggling to pay its bills and repay debt of about R465bn - and inflation is at a much more modest 3%.

* As the government fails to roll out #COVID vaccinations en masse, South Africa’s biggest business grouping has said it will help develop private industry’s capacity to administer 160,000 coronavirus vaccinations a day.

* A new set of tax law amendments make it possible for the South African Revenue Service to impose criminal sanctions on taxpayers who neglect their tax affairs, reports MyBroadband.co.za.

* The global economy is showing signs of recovery after a year of business shut downs, with forecasts of a two-year US boom.

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Africa's largest grocery retailer Shoprite has announced that it will be exiting Nigeria after 15 years. To help better understand this is Evan Walker, an analyst at 36ONE Asset Management. He joined the BizNews Power Hour to share why he thinks it is so hard to do business in Nigeria.

Africa's largest grocery retailer Shoprite has announced that it will be exiting Nigeria after 15 years. To help better understand this is Evan Walker, an analyst at 36ONE Asset Management. He joined the BizNews Power Hour to share why he thinks it is so hard to do business in Nigeria.

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Joining Carrie Adams in her naughty corner this week is Wikus Human, a young sommelier who our wine queen describes as "very talented and making a huge name for himself, through sheer hard work and a long love affair with wine". Wikus joins Carrie to discuss all things wine.

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Joining Carrie Adams in her naughty corner this week is Wikus Human, a young sommelier who our wine queen describes as "very talented and making a huge name for himself, through sheer hard work and a long love affair with wine". Wikus joins Carrie to discuss all things wine.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Piet Viljoen, Pranita Daya of Anchor Stockbrokers on Growthpoint, Sable International director Andrew Rissik on rand strength, Evan Walker of 36One Asset Management on doing business in Nigeria and the BizNews team.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Piet Viljoen, Pranita Daya of Anchor Stockbrokers on Growthpoint, Sable International director Andrew Rissik on rand strength, Evan Walker of 36One Asset Management on doing business in Nigeria and the BizNews team.

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* Western Cape Transport MEC Bonginkosi Madikizela has been suspended for 14 days while an investigation is launched into the misrepresentation of his qualifications.

* The DA is astounded by the appointment of Thomas Kgokolo as the acting SAA CEO. He is the latest person appointed to run the embattled airline despite having no experience in running an airline.

* The Financial Services Conduct Authority (FSCA) has begun an insider trading investigation that will “cover disclosures and transactions in Huge Group securities during January 2021”.

* South Africa’s central bank is likely to maintain its accommodative monetary policy stance to support the economy for as long as it has room to do so, according to Governor Lesetja Kganyago.

* Shoprite plans to sell its Nigerian division to a local property group, according to a person familiar with the matter, as Africa’s largest food retailer pulls back from the continent’s most populous country.

* The Biden administration has announced tough new sanctions on Russia and formally blamed the country’s premier intelligence agency for the sophisticated hacking operation that breached US government agencies and its largest companies.

* Western Cape Transport MEC Bonginkosi Madikizela has been suspended for 14 days while an investigation is launched into the misrepresentation of his qualifications.

* The DA is astounded by the appointment of Thomas Kgokolo as the acting SAA CEO. He is the latest person appointed to run the embattled airline despite having no experience in running an airline.

* The Financial Services Conduct Authority (FSCA) has begun an insider trading investigation that will “cover disclosures and transactions in Huge Group securities during January 2021”.

* South Africa’s central bank is likely to maintain its accommodative monetary policy stance to support the economy for as long as it has room to do so, according to Governor Lesetja Kganyago.

* Shoprite plans to sell its Nigerian division to a local property group, according to a person familiar with the matter, as Africa’s largest food retailer pulls back from the continent’s most populous country.

* The Biden administration has announced tough new sanctions on Russia and formally blamed the country’s premier intelligence agency for the sophisticated hacking operation that breached US government agencies and its largest companies.

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Islamic State has claimed responsibility for killing and displacing people - but experts in Mozambique don’t believe it’s that simple to blame Islamic militants for the humanitarian crisis that has unfolded in the southern African country. Complicated social conditions, ethnic rivalries, criminal gangs including drug traffickers, government corruption, elites and global corporate bosses turning a blind eye to the needs of the desperately poor communities around one of Africa’s biggest liquified gas investments are among the other factors playing into extreme violence. South African mercenaries are also interfering. Speaking to BizNews editor at large Jackie Cameron, Professor Adriano Nuvunga of the Centre for Democracy and Development in Mozambique says the solution is dialogue and that French multinational Total, behind the big liquefied natural gas (#lng) investment in the area, has been late in engaging with stakeholders. It should have done more to allow locals to benefit from the development, given the fragility of the situation, says the Mozambique expert. South African mercenaries have been hired to help the Mozambique government, but Prof Nuvunga says this exacerbate the problems in the long run.

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