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Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.
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South Africa’s mining investment guru Peter Major has come out all guns blazing against Australian BHP’s “opportunistic” bid for Anglo American. In this powerful interview with BizNews editor Alec Hogg, Major calls on SA’s president and mining minister to step in quickly and promise to reverse legislative mistakes which chased away global investors. Doing so, he says, will save Anglo from BHP’s clutches and turbo-charge the country’s moribund mining sector. Major believes it’s easy to fix - but requires humility and realism from Pretoria. Starting with appeals to an alienated global investment community to stop Wall Street desk jockeys killing SA’s 107 year-old Golden Goose.
Wonderbag was a company established in 2008 methods as a solution to South Africa’s energy crisis providing families with a means to continue cooking daily meals during power outages. Resembling a colourful bag reminiscent of a pumpkin, Wonderbag employs ancient heat retention cooking technology, providing employment and income opportunities to entrepreneurs across the developing world. In South Africa, manufacturing is outsourced to 2000 entrepreneurs, primarily women, providing them with vital income. Founder of Wonderbag, Sarah Collins told Biznews in an interview about the business model she pioneered, her high-profile carbon clients including Sasol, Anglo American and Nandos. She also highlighted South Africa’s role in crafting legislation to bolster carbon credit projects.
President Cyril Ramaphosa does not even know where the Guptas are. That is the riposte from Glynnis Breytenbach, the Democratic Alliance's Shadow Minister of Justice, to the National Prosecuting Authority (NP) calling in the help of the President to try and fast track the extradition from the United Arab Emirates (UAE) of the Guptas. As for the few billion of State Capture loot recovered so far by the NPA, Breytenbach says “it's not even a drop in the ocean of the trillions and trillions and trillions of rands that we were robbed of - and that government officials and cabinet members assisted crooks to steal from us”. She calls the close to 700 government officials thus far convicted of corruption “petty thieves” - and says “we need to see people at the top of the scale who stole at a breathtaking pace, held to account”. She also gives an update on the proposed establishment of DA-driven Anti Corruption Commission where prosecutors will have “no fear that their work will be undone by a bunch of politicians who don't like being held accountable”.
*This content is brought to you by Jaltech
In a recent webinar, BizNews' Alec Hogg and Jaltech's Jonty Sacks dissected the Section 12B solar investment incentive and unveiled Jaltech's latest venture in this arena. Investors were presented with an opportunity, with the potential to recoup up to 90% of their investment within the first year through SARS refunds and cash inflows. The investment was touted for its promise of dependable cash flows over its term, leveraging electricity sales to reputable commercial and industrial energy consumers in South Africa. Attendees gained invaluable insights into a venture poised to redefine solar investment strategies and capitalise on emerging market trends.
For more information: https://www.biznews.com/jaltech-solar-investment-taxes.
Australian mining group BHP has launched a R650bn takeover bid for SA’s 107-year-old one-time global giant Anglo American – a company now worth just a quarter of BHP’s value. If successful, the deal would merely be “material” rather than “game-changing” for BHP, which is attracted by its rival’s South American copper mines. A key part of the BHP bid is that Anglo must first unbundle its major South African assets Kumba Iron Ore and Anglo Platinum, which the Aussies don’t want any part of. Veteran asset manager Piet Viljoen explains that this is an opening salvo in what could be a lengthy process. He says the bid illustrates SA’s wealth-destructive political governance, practically reflecting the impact of deteriorating national infrastructure and unfriendly business legislation. He spoke to Alec Hogg of BizNews.
South Africa is a tinderbox waiting for a trigger to explode into violence and destruction. That is the warning from retired General Roland de Vries, the former Deputy Chief of the South African Army. In this interview with BizNews, he shares his in-depth assessment of the threat environment - and lists the possible trigger events for anarchy in election year. The general warns that the ruling African National Congress (ANC) government does not have the capability to protect its citizens adequately – and that it is up to the broader community to protect itself. He also gives his take on coalitions - and expresses concern that "we are going to see political infighting happening as never before and this will cause major political instability in our country". Meanwhile, General De Vries has, over the past seven years, helped over 80 communities develop their own community safety plans to empower themselves.
Leading political scientist RW Johnson explains what led him to investigate a Zuma-supporting, Kremlin-funded media operation - and wonders at Ramaphosa’s inability to accept the reality of Putin’s double play and the ANC’s sharp decline in the polls. Sobering and scary, Johnson’s analysis reinforces the view that SA’s elections on May 29 are shaking up as a make-or-break for the young democracy. He spoke to Alec Hogg of BizNews.
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Crime fighter Ian Cameron of the Democratic Alliance (DA) exposes the horrific working conditions in the South African Police Services (SAPS) as yet another member is shot dead on duty with his own gun - this time after the retention cord from the State-issued holster broke. In this interview with BizNews, Cameron reveals a litany of operational issues following the killing: those in the Air Wing helicopter had no proper radio communication with police on the ground; the police drones took over four hours to arrive on the crime scene; most of the cops searching for the police officer’s killer didn’t have torches; there was no Joint Operations Centre or even an operational plan; and the incident commander sent away specialised units because there were “too many people”. Last year (2023), in just three months from July to September, a total of 35 cops were killed - more than 10 a month. Cameron urges South Africans to honour the “large majority” of police officers “still willing to offer their lives for us at any given moment”.
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During a Q&A session at BNC#6 in Hermanus, BizNews founder Alec Hogg and Mavuso Msimang engaged in a candid discussion covering historical parallels between Brazil and South Africa, education reform, affirmative action, political leadership, and Ubuntu philosophy. Msimang emphasised the need for improved education, accountability in governance, and ethical leadership. Their conversation explored strategies for societal progress amidst challenges, with a call for more effective engagement and reform within political structures.
During a Q&A session at BNC#6 in Hermanus, Peregrine Capital Executive Chairman David Fraser discussed various topics including the hedge fund environment, small-cap investments, and South Africa's state-owned entities. Fraser noted increased hedge fund marketing and traction, particularly with lower volatility and higher returns. He delved into specific investments and challenges facing South Africa, such as load shedding and the future of the JSE. Fraser emphasised a pragmatic approach to investments, seeing potential short-term opportunities in South Africa and long-term potential in tech.
Just as his party is able to use its governance of the Western Cape as a ‘prospectus’ for voters, uMngeni executive mayor Christopher Pappas (32) can point to his own record since taking office in November 2021. And the fluent isiZulu speaker believes it’s a message resonating in a province where there is a growing realisation what you do at the ballot box can make a difference. With support for the ANC collapsing in KZN after the emergence of Jacob Zuma’s MK party, Pappas offers thoughts on the issues which will determine how votes are cast on May 29 - and shares his own message of hope for those in the embattled province. He spoke to Alec Hogg of BizNews.
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South Africa's Police Minister Bheki Cele hurled personal insults at crime fighter-turned-politician Ian Cameron at a heated community meeting in gang-infested Hanover Park this week. Cele went as far as to question Cameron's intelligence. This after Cameron questioned investigations being done poorly and leadership in SAPS being broken while Cele boasts of successful arrests, but without successful convictions. Cameron - who is heading to Parliament for the opposition Democratic Alliance (DA) - says Cele's response proves that he has "no clue about policing". In this interview with BizNews, Cameron also shares a list of names of murder victims he hopes will haunt Cele every time he closes his eyes.
During a Q&A session at BNC#6 in Hermanus, Purple Group CEO Charles Savage and tech guru Stafford Masie teamed up to discuss the potential of Bitcoin as a solution to global financial issues, its adoption trends, and its relationship with other cryptocurrencies. The pair explored regulatory challenges and technological advancements in the crypto space, emphasising the importance of understanding the market before investing. Their conversation touched on Bitcoin's potential role in wealth transfer and the importance of distinguishing between Bitcoin and other tokens. They addressed audience questions regarding investment strategies, legislative risks, and technological innovations in crypto wallets. Ultimately, they underscored the evolving landscape of cryptocurrency investment and its implications for individuals and institutions.
In a Q&A session at BNC#6 in Hermanus, Free Market Foundation CEO David Ansara discussed the intricacies of South Africa's institutional landscape and the challenges of deployment within the government. He emphasised the need for a sensible approach, particularly in light of political interference in economic affairs. Ansara highlighted the importance of private property rights, citing the Free Market Foundation's efforts to distribute title deeds. He warned against corporatism and advocated for a more fragmented approach to governance, drawing lessons from Argentina's experience with statism. Despite complexities, he urges proactive measures to avoid economic turmoil.
During his Q&A session at BNC#6 in Hermanus, Sean Peche emphasised the importance of investing in growing businesses without overpaying, focusing on quality rather than deep value alone. He discussed European banks like ABN Amro and Barclays as attractive investments due to low valuations and dividends. Peche also mentioned his preference for Hong Kong-listed Chinese stocks like Alibaba and Baidu over US-listed ones due to regulatory risks. Despite political uncertainties, he remains focused on fundamentals rather than making investment decisions based on election outcomes.
In a Q&A session at BNC#6 in Hermanus, Alec Hogg and Phil Craig discussed the potential for Cape Independence within South Africa. Craig advocates for a referendum on the matter, emphasising the importance of democracy and self-determination. He addressed concerns about international support, potential economic impacts like the oil and gas discovery, and the necessity for negotiations. Craig also discusses the boundaries and viability of an independent Cape, acknowledging the complexity of the issue. Despite challenges, he remains optimistic about the growing support for Cape Independence.
Every enterprise requires strong foundations and solid processes to succeed. Including politics, as we learn in this interview with DA Federal Council chair Helen Zille, who explains how meritocracy is applied inside SA’s official opposition. Zille also answers questions on the hot topics of the moment, including the impact of Jacob Zuma and MK; preparing for a coalition in national government; the threat of her DA losing its majority in the Western Cape; and the man calling it, Patriotic Alliance President Gayton McKenzie. She spoke to Alec Hogg of BizNews.
The Q&A session at BNC#6 in Hermanus between Alec Hogg and Wayne Duvenage delved into the need for leveraging the constitution and rule of law to hold municipalities accountable for their duties. Duvenage highlighted examples where communities have taken legal action against municipalities to compel them to fulfil their obligations. They discussed the importance of citizen involvement in local politics and the shortcomings of big business in supporting civil society initiatives. Duvenage emphasised the power of collective action in driving change and suggested alternative methods for funding activism. The dialogue also touched on the potential outcomes of upcoming elections, with predictions of decreased support for the ANC and potential growth for smaller parties.
During a Q&A session at BNC#6 in Hermanus, Alec Hogg and GG Alcock discussed the educational backgrounds of successful informal entrepreneurs and the challenges they face in accessing formal financial support. Alcock highlighted the importance of informal learning from family members and peers in entrepreneurship. He emphasised the role of organisations like Altvest in democratising finance and supporting small businesses, especially those led by women. They also discussed the need for transformative policies in housing and local governance to empower informal businesses. Additionally, they explored the rapid digitization of informal economies, with platforms like WhatsApp driving e-commerce growth. Despite challenges, Alcock's insights underscored the resilience and potential of informal entrepreneurs.
South Africans are about to enjoy a massive upgrade in the energy and competence of their lawmakers, with an army of fresh talent injected into Parliament after May 29 ushers in a governing coalition. Among Parly’s debutants who look set to make their mark are activist/broadcaster/entrepreneur Kathy Berman and Prince Zuzifa Buthelezi, son and heir of the late IFP leader. They spoke to BizNews editor Alec Hogg.
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Libertarian scares me. Liz Truss and Kwarsi Karteng call themselves 'libertarians'. Look how they are trying to destroy the UK economy!!