150 episodes

Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.

BizNews Radio BizNews

    • Investing

Welcome to BizNews Radio where we interview top thought leaders and business people from South Africa and across the globe.

    P&L: Markets expect mid year coronavirus snapback plus the $1.5trn active-management investing giant

    P&L: Markets expect mid year coronavirus snapback plus the $1.5trn active-management investing giant

    Phil Orlando, chief equity market strategist and head of client portfolio management at Federated Investors on why markets seem so complacent about the coronavirus. And Annie Massa, Bloomberg investigative reporter on Franklin Templeton buying Legg Mason to create a $1.5trn active-management investing giant. Hosted by Paul Sweeney and Lisa Abramowicz.

    • 27 min
    Disgruntled ex-Sanlammer’s claim of unfair treatment prompted extensive denial by financial services group

    Disgruntled ex-Sanlammer’s claim of unfair treatment prompted extensive denial by financial services group

    Biznews has covered the story of financial advisor David Melville who found himself on the wrong side of Sanlam bureaucracy. The life insurer was also in the spotlight for a practice of backdating new life policies - even though it wouldn’t pay out for a death if that occurred before the official starting date of a life insurance policy. This has prompted ex-Sanlam employee, Alfred Perry to contact us; he said he came up against a brick wall when Sanlam lowered his pensionable age from 65 to 60 when he had to retire because of a medical condition. Sanlam came back with a quick response saying it cares greatly for the company’s retired advisers, the rules in terms of retirement are clear and Perry can lodge a formal complaint. - Linda van Tilburg

    • 6 min
    Meet John Dempster: The SA solo rower who crossed Atlantic Ocean in 63 days

    Meet John Dempster: The SA solo rower who crossed Atlantic Ocean in 63 days

    It is the stuff of legends; those feats that separate some people from the rest of us. They are the humans who appear to be fearless and scale the highest mountains, cross oceans or tackle what seems to be the impossible. 26-year-old John Dempster, a student from the University of Cape Town joined their club this weekend when he completed a solo race across the Atlantic Ocean in the Talisker Whisky Atlantic Challenge, which is regarded as the toughest rowing race in the world. You may wonder what drives these super individuals to take on the cold, the wet and other challenges encountered on a race across an ocean. John tackled the nautical 3,000 mile race from San Sebastian in La Gomera, Canary Islands to Nelson’s Dockyard, Antigua & Barbuda, which included Christmas Day alone on the boat to fight the stigma around mental health issues. – Linda van Tilburg

    • 14 min
    Rand hit by Moody's; SpaceX tourist ploy; Musk-Gates electric spat; Glencore; Ecsponent

    Rand hit by Moody's; SpaceX tourist ploy; Musk-Gates electric spat; Glencore; Ecsponent

    In today's business headlines:
    * South Africa’s rising country risk is putting upward pressure on interest rates, even as inflation expectations decline, with credit-rating companies contributing to the negative sentiment, according to the central bank, says Bloomberg. The rand fell through R15 to the dollar as the news was absorbed;
    * Elon Musk’s SpaceX will fly up to four paying customers aboard its Crew Dragon under an agreement that opens the way for private space tourism;
    * Musk is having a Twitter spat with Microsoft founder Bill Gates, as he is disappointed after Gates bought a Porsche Taycan instead of a Tesla electric car. A Taycan exploded in a Florida garage this week, so perhaps Gates is having second thoughts;
    * Climate change and rock-bottom gas prices are taking a toll on Glencore’s coal business, but it's not going to cut loose from the energy source as BHP and Anglo American are planning to do;
    * Apple shares fell on Tuesday after the company confirmed that the coronavirus crisis has knocked its sales targets this quarter;
    * Investors look set to lose millions as Ecsponent, a company listed on the Johannesburg Stock Exchange, runs into trouble.

    • 4 min
    What's News: Apple's coronavirus warning and Boy Scouts of America file for bankruptcy

    What's News: Apple's coronavirus warning and Boy Scouts of America file for bankruptcy

    Apple warns it will miss quarterly revenue forecasts due to the coronavirus outbreak. The Wall Street Journal's Tripp Mickle. reports. Plus, facing hundreds of pending lawsuits alleging sexual misconduct, the Boy Scouts of America file for Chapter 11 bankruptcy. More from the WSJ's Andrew Scurria. Charlie Turner hosts.

    • 10 min
    Magnus Heystek, Alec Hogg unpick "too good to be true" Ecsponent pref shares

    Magnus Heystek, Alec Hogg unpick "too good to be true" Ecsponent pref shares

    Ecsponent is a company that is listed on the Johannesburg stock exchange, which helped to give it the veneer of credibility. Ecsponent's board also included an impressive line-up of business movers-and-shakers, not least of all Richard Connellan whose experience includes serving as the Executive Director of the Takeover Regulations Panel (TRP) and on the King III Committee on Corporate Governance. But Connellan has resigned, just as the muck hits the fan at Ecsponent, which promised good returns on the back of investments in small businesses. Top financial journalist and broadcaster Alec Hogg, founder of BizNews, and leading personal finance commentator and investment professional Magnus Heystek unpick the details of the latest developments at Ecsponent. - Jackie Cameron

    • 7 min

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