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Smoke Screen: Love, bribes and spies in the tobacco industry. Victoria Hollingsworth tells the true story of corrupt practices behind the scenes at British American Tobacco. We hear from the very people who were caught up in this world as we sink deep into the dirty underbelly of the tobacco industry in South Africa. BAT says its actions were simply to combat the illicit trade in tobacco products. The UK's Serious Fraud Office investigated matters and found there was insufficient evidence fo ...
 
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show series
 
Opportune Investments founder Chris Logan sheds light on his investment stock picks for 2022. Given the uncertain macroeconomic environment we find ourselves in, coupled with high valuations, Logan decided to go with two low-risk South African businesses. The one is PSG-controlled Zeder, an agriculture investment holding company, which is currently…
 
The Bureau of Investigative Journalism and its reporting partners received hundreds of thousands of documents about British American Tobacco and its hired spies – and what they got up to in South Africa and beyond. It's a tale of spies, lies, tobacco and bribes, but how do you go from thousands of leaked documents to a story people would want to li…
 
BizNews founder Alec Hogg caught up with journalist, researcher and author David Williams, discussing the state of State-owned enterprise PRASA after CEO Zolani Matthews was fired over very 'questionable' dual citizenship grounds."There are a couple of issues here. [He comes] in and, from what one hears, he's trying to put things in place. Now, he'…
 
The current coronavirus has disrupted the markets and created an environment where, in theory, active managers should thrive. However, rapid changes in the economic outlook and high volatility in the markets show that the performance of active managers gets much, much worse. Corion Capital CIO David Bacher unpacks the drivers of outperformance, ind…
 
Counterpoint’s Piet Viljoen unpacks what the disastrous unemployment data means for South African-focused investments, with nearly half of the labour force without a job. Viljoen says the ruling party needs to implement urgent reforms in order for the South African economy to thrive. He also gives his two best stock picks for 2022: Sasol and Rebosi…
 
In this episode of the BizNews Power Hour, ace money manager Piet Viljoen offers a couple of undervalued stocks worth adding to your bundle of stock twigs for 2022; David Williams revisits PRASA after the chaos deepened today with the firing of the recently appointed CEO Kgosie Matthews on extremely flimsy grounds; David Bacher looks back at the pe…
 
*Yesterday, BizNews reported the Ballito Rage festival had been cancelled owing to a total of 36 positive Covid-19 cases. Organisers of the Plett Rage have said the festival will continue, despite the risk associated with this decision. According to officials for the event, the festival has passed the point of no return, with 900 people expected to…
 
The hard-hitting Magnus Heystek compares the BizNews share portfolio’s performance to some of South Africa’s largest asset managers that have greatly underperformed offshore-focused funds over the past decade. Alec Hogg’s BizNews portfolio is focused on exponential companies that can grow at more than 20% per annum; the portfolio includes the likes…
 
Mining guru Peter Major looks at the performance of the commodity sector during 2021, where prices seesawed over the course of the year. Despite the first six months seeing record prices across the board, commodity prices have fallen off a cliff in the second half. The last few weeks have been flooded with mergers and acquisitions activity, which h…
 
Powerful arguments both for and against mandatory vaccinations featured in this episode of the BizNews Power Hour. In one corner is Discovery CEO Adrian Gore who argues that with SA now into the Fourth Wave of the pandemic, saving lives should be the national priority and as vaccines do this, jabs are a priority. On the other side are Sakeliga's Pi…
 
*After just a day, the Ballito Rage Festival has been cancelled. The annual event came to an abrupt end when party-goers and staff members tested positive for Covid-19. Despite strict protocol, including mandatory vaccination for staff and attendees, 32 guests and four staff members tested positive for the virus. The Department of Health was on-sit…
 
A forthright discussion on mandatory vaccines with the Sakeliga duo of CEO Piet le Roux and chief economist Russell Lamberti explaining why forcing jabs is wrong. Their argument is premised on the basis that a mandate is disproportionate to the risk and unjustified on the grounds that very few people get mortally ill from Covid-19 - and that SA alr…
 
Discovery's co-founder and CEO Adrian Gore explains why his group - which relies heavily on incentivising its clients to behave in a certain manner - is at the opposiute end of the spectrum on vaccine mandates. For Gore, it's all about time - with SA now into a Fourth Wave of the pandemic and the efficacy of vaccines proven beyond doubt, the bigges…
 
Stanlib’s chief economist Kevin Lings unpacks the latest unemployment data, which reveals a decimated South African economy. In the third quarter of 2021, 660,000 jobs were lost in the formal sector. This takes the total to 2.1 million jobs lost since the start of the pandemic. The unemployment rate rose to 34.9% from 34.4% in the second quarter. T…
 
Banking analyst Kokkie Kooyman talks about his chosen stock pick in the financial services sector for 2022, naming Capitec. Capitec has been one of the best South Africa business stories since the start of the millennium and is now the country’s third-largest bank by market capitalisation. Under the stewardship of Gerrie Fourie, Capitec has continu…
 
In this episode of the BizNews Power Hour, Discovery CEO Adrian Gore lays out the case for making Covid-19 vaccines mandatory, arguing that forcing South Africans to be jabbed will save up to 40 000 lives during the Omicron-driven Fourth Wave; Stanlib chief economist Kevin Lings unpacks SA's shocking unemployment data where a further 660 000 jobs d…
 
News headlines:*Unemployment in SA continued to accelerate in the third quarter, reaching 34.9%, up from 34.4% in the preceding three months, statistician-general Risenga Maluleke said on Tuesday.*Analysts warn that the latest fuel price hikes taking effect from Wednesday will have a dire impact on consumers.*Following reports that the government h…
 
Abax Investment’s co-founder Anthony Sedgwick sheds light on Impala Platinum’s bid to take over mid-tier miner Royal Bafokeng Platinum (RBPlats) in a deal that values the precious metals producer at R43bn. Abax, along with several other large asset managers, has sold just under 25% of the business to Impala for R150 per share, in a part-cash, part-…
 
South Africa’s favourite market commentator David Shapiro sheds light on the chaos in markets following the outbreak of a new Covid-19 variant, Omicron. Discovered by South African scientists, this variant is supposedly more transmissible despite those infected only having mild symptoms. The mania sent equity markets into freefall and was especiall…
 
Elsabé Klinck, a former legal advisor to the SA Medical Association, picks up on a thorny issue for freedom-loving South Africans – the proposed (by business groupings) introduction of mandatory Covid-19 vaccination. The one-time senior lecturer in the Department of Constitutional Law at Free State University (and co-author of Employment Equity Law…
 
In this episode of the BizNews Power Hour the author, thought leader and political analyst Jakkie Cilliers of the ISS updates the prescient forecasts in his 2017 book Fate of the Nation - and looks ahead to the 2024 National Elections; the SA Medical Association's former legal advisor Elsabé Klinck shares the law on proposed mandatory vaccines; Dav…
 
News headlines:*The near-global ban on travel to and from South Africa over fears of the Omicron variant has left the local hospitality industry reeling.*International investors in the rail sector in South Africa have threatened to disinvest from the country because of “the mess” at the Passenger Rail Agency of South Africa (Prasa).*South African A…
 
Scenario planner Dr Jakkie Cilliers, who heads the Institute for Security Studies, a leading African thinktank, revisits his superb 2017 treatise and finds the projections are holding up well. In this interview with BizNews.com's Alec Hogg he discusses the age of coalition politics ushered in by SA's recent Local Elections; the emergence of Action …
 
Former deputy editor of the Financial Mail, David Williams, wrote a fascinating report for the Brenthurst Foundation in which he unpacked the mess at the Passenger Rail Agency of South Africa (PRASA). In the report – 'Why there are so many trucks on the road and so few trains on the tracks' – Williams discussed some of the necessary steps that must…
 
Counterpoint’s Piet Viljoen talks all local and international topical investment-related matters, with the value fund manager giving insight into some of his most-loved investments. Furniture retailer the Lewis Group and investment holding company Sabvest are discussed; both in the news for all the right reasons. Lewis released a solid set of resul…
 
In this episode of the BizNews Power Hour we meet the polished new head of South African horseracing Fundi Sithebe, the new broom sweeping away the antagonism of bankrupt Phumelela's past; Piet Viljoen takes a look at the latest financial results and reflects on some "twigs" in his investment bundle; and Media specialist Jeremy Maggs discovers why …
 
News headlines:*Health minister Joe Phaalha says that the discovery of the new B.1.1.529 Covid variant is still ‘very fresh news’ and has caught the government by surprise, with health officials and scientists still monitoring the situation to determine how it could impact South Africa.*Following reports that road agency Sanral had been approved fo…
 
The hard-hitting Magnus Heystek pulled no punches on his return from Mauritius, where he says economic growth is booming led by a surge in infrastructure and development. South Africa’s economy paints a different picture, one that’s been at a standstill for the better part of a decade. As a result of amendments to Regulation 28 – which limits the e…
 
In this episode of the BizNews Power Hour, independent financial advisor Magnus Heystek lets rip on the destructive Regulation 28 agreement between SA asset managers and Treasury, which forces South Africans to invest 70% of their retirement funds into local institutions. The law has cost SA retirees dearly as the local economy staggered under mism…
 
News headlines:*The Helen Suzman Foundation, the DA and AfriForum have approached the courts to have Jacob Zuma sent back to jail, saying that there has been absolutely no indication that the former president is terminally ill, making the granting of his medical parole unlawful.*The Department of Home Affairs is fighting to stop fraud-accused Atul …
 
KZN's capital Pietermaritzburg was turned into a war zone during July's riots - with local businesses (and citizens) abandoned by SA's deliberately absent security forces. Melanie Veness, CEO of the PMB Business Chamber, spoke out powerfully at the time, condemning the behaviour of the local SAPS and confined-to-barracks Defence Force. She is refus…
 
In an interview with BizNews founder Alec Hogg, Paul Hoffman of Accountability Now takes a lawyer's look at the clear attempt to throw the kitchen sink at Matthews after he started uncovering malfeasance. According to Hoffman, using Matthews’s dual-citizenship as the reason for his suspension is dubious, questioning the true motive of Leonard Ramat…
 
CEO of PPC Roland van Wijnen sheds light on the cement producer’s financial results, following a two-year turnaround that seems to be nearing completion. PPC has been one of the best-performing JSE-listed businesses in 2021; it avoided a capital raise and shaved hundreds of millions off its debt burden. PPC will be a natural beneficiary of the supp…
 
News headlines:*The DA has swept the mayorship of Ekurhuleni and the City of Johannesburg, with the City of Tshwane expected to go the same way.*Tax experts say that South Africa’s tax secrecy laws contribute to public mistrust of the South African Revenue Service.*Government is fast-tracking plans to develop South African-owned satellites that wil…
 
In this episode of the BizNews Power Hour, Helen Zille provides some sobering thoughts on the practical challenges that will be faced by many new DA mayors in councils like Joburg and Ekhuruleni where the party does not have a majority of the votes; on governing by DA's new Mayors; Advocate Paul Hoffman looks into the surprise suspension of Prasa C…
 
In this in-depth interview, DA Federal Council chair Helen Zille offers a sobering view after the surprise ascension last night of her party's candidates to the Mayoral parlours of SA's leading cities. She is under no illusion of challenges that lie ahead to rid local government of corrupt ANC cadres. Zille says negotiations will now be even more e…
 
In this episode of the BizNews Power Hour, TreasuryONE's Andre Cilliers assesses the impact on the Rand of last week's interest rate hike; SA's favourite stockbroker David Shapiro unpacks today's financial results from Naspers and Prosus; Wits University's world famous anthropologist Prof Lee Berger talks about another groundbreaking discovery at t…
 
South Africa’s favourite market commentator David Shapiro sheds light on Naspers and Prosus results, which have been eagerly anticipated by the market. Naspers and Prosus have been drags on the performance of the JSE, with its crown jewel Tencent under intense scrutiny following Chinese regulatory crackdowns. Tencent’s underlying performance within…
 
News headlines:*A clearer picture of who will be in charge in South Africa’s major metros is starting to form – however, agreements and coalitions remain shaky.*On Monday, national SAPS commissioner General Khehla Sitole conceded that police were overstretched and didn't have enough capacity to deal with the July unrest in KwaZulu-Natal and Gauteng…
 
Homeowners, as well as businesses’ appetites for alternative energy solutions are increasing, especially given the country’s challenges with load shedding. Founder of BizNews Alec Hogg joins Maudene van Rooyen, Errol Dorman and Mike Cubic, members of Dorman Projects, to unpack the PowerPulse alternative energy solutions. Some of the benefits of the…
 
The first partial skull of a child, Homo naledi, has been found in the Rising Star caves in South Africa by a team of international scientists from 14 institutions, including the University of the Witwatersrand. It follows the discovery of a previously unidentified hominin species named Homo naledi by the team in 2013, which shook up our understand…
 
Herman Mashaba, entrepreneur and leader of ActionSA, joins BizNews founder Alec Hogg to discuss the emergence of the new political party. Mashaba is confident ActionSA will contest nationally in the 2024 elections saying, “We are now going to participate in all by-elections, not only in the six municipalities. We have got to start building our capa…
 
Banking analyst Kokkie Kooyman looks forward to the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) decision on interest rates. Central bankers globally have lowered interest rates to unprecedented low levels in response to the devastating effects of the pandemic on the economy. The low interest rate environment has been a tailw…
 
An in-depth interview with Herman Mashaba features in this episode of the BizNews Power Hour, as the ActionSA founder explains his approach to a crucial meeting of potential coalition partners to rule the Gauteng metros, and looks ahead to SA's 2024 General Election. Also, Denker Capital's Kokkie Kooyman explains the consequences of the SA Reserve …
 
News headlines:*Eskom CEO André de Ruyter says that Eskom is investigating suspicious circumstances surrounding the breakdowns of several power stations.*Covid-19 tender issues continue unabated, as response from authorities remains scarce, and implicated companies remain in business with the government.*Today marks the 14th day after the local ele…
 
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