South Africa’s President Cyril Ramaphosa has been urged to immediately sack his “darling”, Public Enterprises Minister Pravin Gordhan. That call is being made by Ghaleb Cachalia, the Democratic Alliance’s (DA’s) Shadow Minister of Public Enterprises. “In the private sector, if that was your responsibility, they would be holding your feet…
Two years into the R1m challenge to settle which is better, JSE or global investing, the performances of protagonists Piet Viljoen and Magnus Heystek have significantly narrowed. Following a flying start, Piet’s “Local is Lekker” portfolio has stalled, with Magnus’s offshore-focused investments clawing back after a horrific first few months…
Tshwane’s Executive Mayor, Cilliers Brink, may represent the most rational hope for reversing South Africa’s prolonged decline into poverty. Brink’s leadership in confronting organized labour epitomises the country's challenges in the coming years. After decades of ANC compliance and regular capitulation to increasingly unsustainable demands of trade unions, Tshwane’s DA-led…
Has South Africa’s State Security Agency (SSA) been hacked? And did the new Head of Crime Intelligence get his Security Clearance in just five days? These are big issues for the Democratic Alliance’s (DA’s) Dianne Kohler-Barnard who sits on the Joint Standing Committee on Intelligence. But she tells BizNews that…
South Africa’s capital city, Tshwane, has been gripped by violence amid ongoing strike action by some municipal workers over a 0% salary increase. Community Safety MMC Grandi Theunissen of the Freedom Front Plus (FF+) tells BizNews that there have been cases of attempted murder, torching of vehicles, arson, stone-throwing, tyre-slashing,…
Israel has declared war on Hamas after the worst terror attack in its history. In an interview with BizNews, it’s ambassador in South Africa, Eli Belotserovsky, describes how- under a barrage of missiles - armed bands of terrorists penetrated Israel through tunnels, in boats and by paragliders. More than 700…
When discussing clean energy solutions, wind and solar often steal the spotlight. However, there's another potential source of energy that's worth exploring—wave energy. Some scientists believe that, if fully harnessed, wave energy could theoretically meet the world's electricity needs. However, technologies needed to harness wave energy are still in the…
Join Stuart Lowman on the Fantasy Fund Manager podcast, navigating the thrilling journey through a 27-week investment competition. In this episode, delve into insightful discussions with financial experts Garreth Montano and Simon Du Plooy from Corion Capital, exploring market dynamics, investment strategies, and the impact of global economic shifts on…
Long-time property developer Francois Nortje has a vested interest in the country re-establishing its once-efficient logistics network. Then again, given its massive on the national treasury, so do all South Africans. However, we’re observing that the SACP/ANC government seems to misunderstand that simply firing the cadres it deployed at Transnet…
After the steep climbs in interest rates, we could finally be approaching the peak. That is according to Mark Perchtold, the founding director of OMBA Advisory and Investments. This perspective comes on the heels of remarks from prominent figures in finance. Bank of England Governor Ben Broadbent said it was…
This is the message Chris Pappas, the Democratic Alliance’s (DA’s) candidate for Premier in KwaZulu-Natal, has for those who have accused him of nepotism. He speaks to BizNews after the Public Protector and the Speaker of the uMngeni municipality were both asked to investigate him. Pappas says the Speaker already…
When GT Ferreira, Laurie Dippenaar, and Paul Harris founded the FirstRand group in 1998, they were determined to disrupt South Africa’s then-stagnant banking industry. Now worth R350bn, their venture is now second only to Naspers among listed South African companies - and is comfortably the most valuable financial services group…
Twelve out of thirteen big businesses turned down requests from Parliament to provide sponsorship to the ninth BRICS Parliamentary Forum held in Johannesburg last week. “It is absolutely outrageous that the incumbent government still thinks that it's appropriate to be hosting these lavish talk shops that essentially disincentivise our Western…
The UK has recently implemented significant changes in visa requirements and fees, including the possibility of a substantial increase in the immigration health surcharge (IHS). These changes are part of the efforts of the UK government to ease the burden on its National Health. The Director of Breytenbach Immigration Consultants,…
In this episode of UNDICTATED, BizNews editor Alec Hogg sits down with Wayne Duvenage, CEO of the Organisation Undoing Tax Abuse, to discuss the arrest and legal troubles of Dudu Myeni — a close associate of Jacob Zuma and the former chairperson of South African Airways (SAA). Myeni, who was…
South Africa spends billions on its intelligence services, but more and more questions are being raised about the quality of intelligence being gathered. BizNews speaks to the Democratic Alliance’s (DA’) Dianne Kohler-Barnard who sits on the Joint Standing Committee on Intelligence. Asked if there were a revolution tomorrow, would the…
The month of September was a shocker for investment markets, with global bonds rising at the fastest pace in memory, the oil price rising to 25% above the level of just three months ago, plus Nasdaq and S&P posting their worst month since December 2022's smack. WTF happened? In our…
Minister of Police Bheki Cele is in no mood to apologise to crime fighter Ian Cameron for shouting at him to “Shut Up” at a police Imbizo in Gugulethu last year. Speaking to BizNews, Cameron says Cele is considering an appeal to the finding of Parliament’s Joint Committee on Ethics…
It is “quite possible" to “State-proof or make your investments ANC-proof so that the policy decisions and the misgovernance of the country have the lowest possible impact on your investments. That is according to Brenthurst Wealth Director Magnus Heystek who shares some of his top tips with BizNews viewers. He…
The Democratic Alliance’s (DA’s) Shadow Minister of Public Enterprises, Ghaleb Cachalia, has called for Public Enterprises Minister Pravin Gordhan to go. Cachalia makes the call in an interview with BizNews on both Transnet and ESKOM being leaderless. “I call him of late ‘Green Shoots Gordhan’ because he says…regularly that there…
2 Oct 2023 7AM
9 min
1360 – 1380
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