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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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BNC#6: Steenhuisen Q&A - A DA/ANC coalition; MPC post election and more
At the BizNews Conference in Hermanus, Democratic Alliance leader John Steenhuisen responded to some pointed questions from the audience, 500 of whom were in attendance. Delegates pressed him on the prospect of a post-election coalition between his party and the ruling ANC; the potential influence of Russia in the vote and many other issues of importance.
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Smart investors will love Fortress Fund’s deep discount, tight focus, high net yield
Local money managers are spoilt for choice in JSE-listed stocks with the ‘SA doom and gloom’ narrative and uncertainty about the pending National Election pushing prices to bargain basement levels. Among the most appealing is Fortress Fund, delivering a near 8% after-tax yield following its conversion from a REIT after its capital restructure in January. This is the kind of investment Warren Buffett tells us to look out for - one where a dollar in assets can be acquired for a quarter. Fortress CEO Steve Brown spoke to BizNews editor Alec Hogg.
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BNC#6: Entrepreneurial giant Christo Wiese urges perspective, rationality
In his keynote address to the BizNews Conference, leading South African entrepreneur Christo Wiese drew on the famous statement made almost a century back by then Prime Minister Jan Smuts who described SA as a country where things are never as good as they should be, but never as bad as they could be. In this inspirational address, the man who built Shoprite and Pep into massive corporations offers perspective on where SA sits in a troubled world, concluding that the depressing narrative is overblown.
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BNC#6: RW Johnson - SA voters maturing; jobs, electricity, water now matter most
At last week’s BizNews Conference, political scientist RW Johnson explained why, for South African voters, facts are finally trumping feelings. Drawing on developments post-1994, especially within the African National Congress, the long-time Oxford Don argued the country has now reached a point where its politics has become ‘secular’ - the old religious-type loyalty for the liberation party being replaced by focus on realities affecting our daily lives. The consequences are likely to be reflected when votes are tallied after May 29 - with potentially dramatic results awaiting the nation.
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MK-EFF “reverse take-over” of the ANC possible…
A “reverse take-over” of the ruling African National Congress (ANC) by former President Jacob Zuma’s increasingly popular MK party and the Economic Freedom Fighters (EFF) is “emerging as a possibility”. So says Ray Hartley, the Research Director of The Brenthurst Foundation. He speaks to BizNews following the release of the foundation’s Survey of South African Voter Opinion. According to that survey, MK will rake in 13% of the vote in the upcoming National Election and the EFF will get 10%, while the ANC will be down to 39%, and the opposition Democratic Alliance (DA) up to 27%. In this Interview, Hartley looks at the possible coalition formations that could result, and describes how that would determine the trajectory of the country. He also points out that the Independent Electoral Commission (IEC) faces a “really difficult situation” - and warns that if it excludes the MK Party, “there’s going to be chaos, certainly in KwaZulu-Natal, and possibly elsewhere”. - Chris Steyn
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BNC#6: Steenhuisen - Why Election'24 SA's chance to break 30-year political deadlock
Alec Hogg and John Steenhuisen had a riveting interview after the DA leader's hard-hitting keynote speech at BNC#6, delving into South Africa's upcoming election chaos. The pair discussed the potential for socialist dominance, ANC discord, and the critical role of voter turnout. With global parallels and looming financial implications, this discussion is a must-watch for anyone invested in South Africa's future.
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Alex Hogg seems to have the most interesting guests discussing the most entertaining topics.
I like his selection of guests, who bring a “positive” spin on things and business in SA, which let’s face it, are hard to find in our troubled economy.
Keep up the good work.
Brilliant this simply gold
This is by far my favourite podcast!