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In partnership with Discovery we produce a weekly podcast on Covid-19, offering a rational perspective on how the virus is impacting the lives of all South Africans. It will also house the latest news and insights on what was initially termed coronavirus. For more information on the virus - https://www.discovery.co.za/corporate/coronavirus-covid19-disease.
 
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show series
 
Last year, the Financial Sector Conduct Authority suspended Ecsponent Financial Services for breaches of financial sector laws following complaints about how the company had marketed the preference shares of JSE-listed Ecsponent limited to potential investors. Independent financial advisor Magnus Heystek, of Brenthurst Wealth Management, was among …
 
Our popular, highly interactive Finance Friday webinar is back. This week, we were joined by global index-tracking expert Lisa Segall, of GinsGlobal Index Funds, and award-winning independent investment expert Magnus Heystek, of Brenthurst Wealth Management. It was a vibrant conversation on how to make the most of your hard-earned savings - at home…
 
As South African billionaire Johann Rupert makes world headlines for getting a vaccine shot in December in Switzerland, we explore how global collaboration to mass vaccinate the world is being jeopardised - at the expense of the developing world. We speak to Theo Murphy, European Council on Foreign Relations, for an overview of the geopolitical dyn…
 
* South Africa will pay $5.25 per dose for 1.5 million shots of AstraZeneca’s coronavirus vaccine from the Serum Institute of India - higher than the $3 a dose that South Africa and other countries on the continent are due to pay for the same vaccine under an African Union arrangement.* ANC stalwart Jackson Mthembu has died of Covid-19 complication…
 
* The Financial Sector Conduct Authority has completed its investigation into MTI, and says investors should approach liquidators for help recovering funds.* A fresh wealth tax proposal says SA could find R160bn quickly.* Private equity firms want to spend R30bn in southern Africa.* Richemont saw robust demand in Asia, it said in a trading update.*…
 
Apple, in the BizNews share portfolio, has been trading around $130 a share. Taiwan’s export orders, a bellwether of global technology demand, surged 38.3% from a year earlier to $60.55 billion in December, the highest on record, reported Reuters on Wednesday. Taiwanese companies such as Foxconn and Taiwan Semiconductor Manufacturing are key suppli…
 
How will Joe Biden govern the US, a superpower and engine room for the global economy? How will his presidency impact on international relations, trade and financial markets? Joining Jackie Cameron of BizNews to discuss the crisis of American power, how Trumpism leaves an indelible mark and, importantly, what the changing international currents of …
 
No improvement is expected in electricity provision before the end of 2022 and perhaps longer, says leading independent energy expert Chris Yelland. The only way problems can be addressed is through self-generation and from independent producers - which can be delivered quickly, provided the legal and regulatory frameworks allow for this. Overhaul …
 
* New Covid variant spreads 50% faster, but isn't more deadly, say govt advisors.* Pick n Pay defends incoming CEO Pieter Boone, after revelations that he was investigated for insider trading surface in the SA media;* The Land Bank may need another R7bn from taxpayers to survive;* Glencore has agreed to accept $1 in the short term for a mine that g…
 
President of fast-growing ActionSA, Herman Mashaba, has highlighted that there are about 40,000 medical posts frozen and more than 500 unemployed doctors who want to help fight Covid-19 - but can’t get jobs. Meanwhile, taxpayers have footed the bill for Cuban medical personnel. He shares the details of the #HireOurMedicalHeroes campaign and why new…
 
South Africa is getting left behind as businesses and governments embrace blockchain. In this in-depth conversation with entrepreneur and disruptor Monica Singer, founder and former CEO of Strate and now South Africa lead for the world's largest blockchain company, we explore how governments are embracing blockchain to maintain control of money flo…
 
In today's headlines:* The alcohol ban is hammering South Africa’s glass packaging industry, which could lose a further R1.5bn in sales;* Acting on tip-offs, police have been cracking down on restaurants serving alcohol in contravention of Covid-19 regulations;* Global stock markets sank on Monday as soaring Covid-19 cases offset investor hopes of …
 
South Africa-listed retailer Truworths was among the top performers on the Johannesburg exchange at the start of the week, even though it has warned its profits for the half-year to the end of December will most likely fall by as much as 9%. BizNews speaks to independent analyst Christopher Gilmour, who specialises in consumer industrial stocks, fo…
 
Ivermectin, an FDA-approved anti-parasitic agent, has been found, in the laboratory, to inhibit the replication of the virus that causes Covid-19. In South Africa, it is not registered for human use and there are reports of people resorting to the veterinary version. A black market has developed. Earlier this month, Johannesburg-listed Ascendis Hea…
 
With the Covid-19 lockdowns knocking economic activity, Bright Light Solar has been unable to deploy its excess capital, so is cutting the 2021 fund raise back to R50m. The 12J tax incentives make this an especially appealing investment opportunity that was very well supported last year by the Biznews community. But with the smaller capital raise, …
 
Short-sellers have been blamed for some of the worst failures in the world's financial markets. In South Africa, Capitec was famously rattled by short-sellers, in 2018, complaining to the regulatory authorities about an inaccurate analyst’s report that had shifted the share price. But sometimes, short-sellers go to great extremes to push a stock pr…
 
This week index-tracking pioneer 10X Investments announce the sudden departure of its founder, Steven Nathan. Old Mutual-appointed chairman Henk Beets hastily moved into the CEO’s office with the company spinning the exit as friendly. It said: “Steven was presented with an opportunity to sell his shares…..he decided the timing was right. It was an …
 
Can South African employers impose mandatory COVID-19 vaccination policies as a pre-requisite to return to work or as a precondition for employment? What happens if an employee refuses to wear a mask. We’ve got the answers to these questions and more on how Covid-19 has changed employment law in South Africa, with specialist Imraan Mahomed of law f…
 
Justin Rowe-Roberts, who covers stocks for BizNews.com, shares his highlights on companies that caught the attention of investors during the week. In this episode, he picks up on Naspers and Tencent - and explains why the two companies have a big role in SA portfolios. SA-born Elon Musk is discussed, with some big investors taking profits by sellin…
 
Can South African employers impose mandatory Covid-19 vaccination policies as a pre-requisite to return to work or as a precondition for employment? What happens if an employee refuses to wear a mask, or an employer fails to implement mask-wearing laws? We’ve got the answers to these questions and more on how Covid-19 has changed employment law in …
 
In a sobering assessment of the state of the South African economy, Marius Oosthuizen, an economics and leadership expert at the University of Pretoria's Gordon Institute of Business Science (Gibs), warns that the country has run out of money and politicians have run out of ideas. He explains why ANC policy is not working to generate the higher lev…
 
South Africa is preparing to regulate crypto currencies like Bitcoin. In addition to protecting individuals, the new rules may pave the way for a mushrooming of products with crypto currencies as their underlying basket of investments. Brandon Topham, Divisional Executive for Investigations and Enforcement at the regulatory Financial Sector Conduct…
 
South African investment professional Kokkie Kooyman is probably the best financial sector analyst in the world. He knows every publicly listed bank and insurer. The Denker Capital global financial fund manager encouraged people to invest when the herd was stampeding away from stocks in 2020. Now, although markets have perked up, Kooyman believes b…
 
President Cyril Ramaphosa told the ANC at the start of the year that passing legislation to allow for land expropriation without compensation is a priority for the ruling party this year. It is move that would most likely deal a devastating blow to the already troubled SA economy because it will deter investment. Dr Anthea Jeffery, a legal expert w…
 
In the tech sector, nothing can be taken for granted. Remember the collapse of seemingly impregnable Netscape, MySpace, Napster and Blackberry? The ripple effect of Whatsapp’s new T&Cs - personal data will in future be transferrable between Whatsapp, Facebook and Instagram. In this podcast we speak to tech expert and futurist Pieter Geldenhuys, dir…
 
Cathie Wood's exchange-traded fund, the ARK Innovation ETF, surged by almost 160% last year, growing assets 10-fold—unprecedented inflows for an active fund of that type, notes The Wall Street Journal. She made concentrated bets on hot stocks such as Tesla, Roku, Square and biotechs and told an interviewer last month that she expects to nearly trip…
 
With South Africa in the eye of the Covid-19 storm, the pressure is on government to secure vaccines for mass vaccination - and fast. Earlier this week, President Cyril Ramaphosa said the roll out of vaccines would be in 3 phases, starting with health workers and moving on to people in crowded conditions, including prisons. So where do the individu…
 
Santam has agreed to pay up to three months of business interruption cover but that's not the deal that was agreed when many of its clients signed up for the insurance. Meg Fargher, co-owner of 18-room five-star boutique hotel and fine dining establishment Budmarsh, in the Magaliesburg, has been fighting to preserve the jobs of more than two-dozen …
 
The Covid-19 pandemic is at its most devastating in South Africa, with more than 190,000 coronavirus infections and more than 4,600 deaths since the start of the year. At least 15,000 people are seriously ill in hospital with roughly one third of these people on oxygen, says President Cyril Ramaphosa. In an update at the start of the week on nation…
 
A special venture capital vehicle, called a 12J, is a tax-efficient investment opportunity for high income earners. The Bright Light Solar 12J has the added advantage of underlying investments in renewable energy roll-out in South Africa. In this interview, Bright Light Solar's Kevin Shames explains the nuts and bolts of the investment opportunity …
 
* Land grabs in SA are back on the table, with ANC President Cyril Ramaphosa telling ANC members he expects parliament to approve an amendment to the constitution this year outlining the circumstances in which land may be expropriated without compensation.* President Ramaphosa has also repeated calls for officials accused of corruption to step down…
 
We’re talking about South Africa’s army of dirty lawyers in this BizNews podcast. Hundreds of SA lawyers are rich on the proceeds of crime - even ones who look respectable. But Paul O’Sullivan, Forensics for Justice founder, has a plan to bring many of them down. O’Sullivan has fought tirelessly to bring the corrupt and captured to book. He played …
 
Sonto Sithole tells how she has put her monthly R350 grant into starting a bakery business. A resident of Dawn Park in Boksburg, Gauteng, Sithole is now creating jobs through her business selling scones. This interview is sponsored by FirstRand. For more, visit the Good Hope section at BizNews.comBy BizNews
 
Catch up on some of the highlights of the week on stock markets. In this episode of Taking Stock, BizNews journalist Justin Rowe-Roberts provides a snapshot of the overall performance of the JSE - which has outperformed last year in the first week of 2021. He shares the details of how Naspers has fared with Chinese tech stocks under pressure in the…
 
This week the SA Reserve Bank released a circular in which it eased exchange controls connected to 'loop' structures. Dissecting the details for the BizNews community is Robyn Berger, a partner at Bowmans. A loop structure arises where a South African exchange control resident (individual or company) has an interest in a foreign structure and that …
 
The South African variant of Covid-19 has changed the outlook for the way the coronavirus pandemic is likely to unfold - in South Africa as well as elsewhere. Scientists in South Africa say there is a "reasonable concern" that the new variant of Covid-19 sweeping across the country might prove to be more resistant to current vaccines being rolled o…
 
The South African variant of Covid-19 has changed the outlook for the way the coronavirus pandemic is likely to unfold - in SA as well as elsewhere. Scientists in South Africa say there is a "reasonable concern" that the new variant of Covid-19 sweeping across the country might prove to be more resistant to current vaccines being rolled out in the …
 
South Africa's government says 1.5 million Covid-19 vaccines have been procured for health workers. Medical aid schemes will cross-subsidise 14 million vaccinations. Zimbabwe's hospitals are buckling from a Covid-19 resurgence. MTN and AB InBev are both headed for legal battles.By BizNews
 
The price of Bitcoin has been swinging wildly amid growing expectation that crypto currencies are set to become more mainstream. In South Africa, the Financial Sector Conduct Authority has invited comments, by the end of January, to its draft declaration aimed at introducing some regulation around trading in currencies like Bitcoin. Trading in digi…
 
The persecution of people living with albinism condition in South Africa has prompted British film-maker Luke Bradford to put a spotlight on the horrific crimes that are still taking place - in a short film called ‘White Gold’. This film, featuring prominent South African actress and albinism activist Refilwe Modiselle, is getting noticed. It premi…
 
Many of South Africa's wealthiest individuals have qualifications in law, says Andrew Amoils, an analyst who has been studying trends among the country's high net worth individuals for the best part of a decade. The New World Wealth founder says there are only five US dollar billionaires but the ranks of the mass affluent have swelled in SA. He als…
 
South Africa's presidency says discounted Pfizer-BioNTech vaccines are still too costly. Plans are being made for private firms to pay to vaccinate the uninsured and Mondi will acquire Olmuksan Paper International in Turkey. Tiger Brands announces special dividend approval.By BizNews
 
Businesses in the hospitality and leisure sectors are finally set to receive business interruption pay-outs after a long, ugly battle with the big insurers. There are more large bills in sight for Santam, Guardrisk, Hollard and other insurers as owners of businesses in other sectors join the fight. Ryan Woolley of Specialist public loss adjuster, I…
 
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