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DE BEER: “Ramagate” Loading… MK’s March to Power & Vodacom’s Competition Thriller
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dimanche 1 décembre 2024 • Durée 43:14
In this regular Sunday Show with BizNews, Neil de Beer, the President of the United Independent Movement (UIM), delves into the “deeper plan” of former President Jacob Zuma’s MKP that have hit the campaign trail “like it is three months before elections”, and says: “…this party is undoubtedly hungry, obsessive…very well funded and without a doubt filled with strategy.” He warns that a “strategic takeover” of government “is becoming more and more of a reality and I fear our opposition is not geared…” De Beer talks about South Africa’s own Watergate: Ramagate - the ongoing Phala Phala saga of President Cyril’s Ramaphosa’s dollar-stuffed couch. He expresses concern that undeclared foreign funding of political parties makes South Africa “the badminton ball between all foreign states”. De Beer also describes how Electricity Minister Kgosientsho Ramokgopa’s push for renewable energy projects mirrors the strategies advocated by former ESKOM CEO André de Ruyter. Furthermore, he gives his take on the Vodacom-Remgro merger controversy and the DTIC minister's unusual appeal against the Competition Tribunal’s rejection of it. In another bit of good news, he outlines how the Government of National Unity (GNU) is forcing African National Congress (ANC) Ministers to become more responsive to the needs of their constituents.
In this episode of the BizNews Briefing, capitalist activist Rob Hersov unpacks the impressive one year track record of Argentina’s president (and fellow libertarian) Javier Millei; Top money manager Chris Logan reports back from Johann Rupert’s annual public appearance at the Remgro AGM; plus the Boxer listing and today’s markets.
The Food of Emperors: From Hermanus to the Far East…
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jeudi 28 novembre 2024 • Durée 20:13
Last year, at an auction of dried abalone in Hong Kong, a Hermanus business sold abalone for between $400 and $500 US dollars per kilogram. That business is Abagold - voted the 2024 Business of the Year by the Hermanus Business Chamber. In this interview with BizNews, CEO Tim Hedges tells viewers why South African abalone is at the top of the abalone hierarchy along with Japanese abalone. He traces the 29-year history of Abagold that now exports 95% of everything it produces - and provides permanent employment to 420 people. Hedges also lists the ways in which Abogold is maintaining its position in the global market and growing its business to ensure that it is still around in another 30 years.
Reviving Remgro’s potential after 15 years of underperformance: Activist investor Chris Logan
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jeudi 28 novembre 2024 • Durée 26:06
In a candid conversation with BizNews editor Alec Hogg, Chris Logan - Owner and CIO at Opportune Investments, and seasoned activist investor - delves into the challenges and opportunities at Remgro, once a hallmark of South African investment. Logan highlights Johann Rupert's push for executive ownership, the pivot to capital-intensive industries like MediClinic, and the path to unlocking value in a company trading at a steep 45% discount to its net asset value. Could a return to "owner-manager" principles revive Remgro’s fortunes? Logan shares insights on this and other market moves, including the Boxer IPO success.
Hersov’s bold vision: Slashing SA cabinet, embracing radical reform, and reclaiming economic freedom
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jeudi 28 novembre 2024 • Durée 58:19
In this episode of the Thursday with BizNews editor Alec Hogg and Rob Hersov, Hersov unpacks the critical issues plaguing South Africa, from government inefficiency to corporate cowardice. Advocating bold reform, he draws lessons from global role models like Argentina's Javier Milei and proposes visionary changes that could turn South Africa’s economy around.
Greek golden visa opportunities remain despite tightening on popular islands: Sable's Richard Haller
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jeudi 28 novembre 2024 • Durée 14:10
Across Europe, many governments are tightening their Golden Visa programs, which have long been a favourite for many seeking relocation or secondary residency. Despite these restrictions, Greece offers permanent residency opportunities through its Golden Visa program in exchange for property investments. However, Richard Haller from immigration specialist Sable International explained to BizNews in an interview that recent changes mean investors can no longer purchase property anywhere. The Tier 1 investment category, which includes real estate in areas like Attica, Thessaloniki, Mykonos, Santorini, and islands with populations over 3,100, now requires a minimum investment of €800,000. Meanwhile, the Tier 2 category has been set at €400,000 in other locations. Haller said there is also a €250,000 investment option, which mandates buying within new developments that involve a change of use on the mainland. He said Athens is an exciting and dynamic place to watch in the coming years and has strong potential for capital growth, similar to what Lisbon experienced.
Two of our most popular commentators are featured tonight, capitalist activist Rob Hersov provides context on Justice Denise Fisher’s Jhb High Court judgement slamming six execs of Dimension Data (including co-founders Jeremy Ord and Doc Watson); and 36ONE’s founder and CEO Cy Jacobs shares a JSE sector that hasn’t caught up with SA’s good news. Plus, why Foord’s Singaporean team are hot on China for 2025.
Rob Hersov unpacks DiData judgement and the abuse of BEE
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mercredi 27 novembre 2024 • Durée 19:29
South African entrepreneur and 'capitalist activist' Rob Hersov discusses Judge Denise Fisher's judgment against former Dimension Data executives. The case reveals alleged fraud involving a rigged R1.4 billion campus sale, exploiting the BEE framework. Hersov criticises the behaviour as harmful to capitalism, foreign investment, and governance while emphasising the judgment’s importance for upholding the rule of law.
Cy Jacobs: Navigating the investment maze in a volatile world
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mercredi 27 novembre 2024 • Durée 44:13
In an exclusive BizNews interview, 36One Asset Management co-founder Cy Jacobs unpacks his investment strategies amidst global uncertainty. From Tesla’s cult-like status to Bitcoin’s volatile allure, and the opportunities still hidden in South Africa's market, Jacobs provides a masterclass in balancing risk and opportunity.
Navigating global markets: Rashaad Tayob on inflation, China, and investment strategy for 2025
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mercredi 27 novembre 2024 • Durée 23:17
In this insightful interview, Rashaad Tayob, Portfolio Manager at Foord Asset Management, offers his outlook for 2025, highlighting key global economic trends and investment opportunities. He discusses the potential for inflation to return, driven by factors such as fiscal and monetary stimulus, supply chain disruptions, and labor market changes. Tayob also predicts that emerging markets, particularly China, could outperform in the coming years, thanks to attractive valuations and growth in sectors like green energy. He advises investors to be cautious of overvalued U.S. equities and suggests looking at defensive sectors, like utilities, and higher-yielding assets in emerging markets. Tayob also touches on South Africa’s investment landscape, identifying opportunities in commodities linked to renewable energy. Overall, he encourages a diversified, balanced portfolio with an emphasis on sustainable, long-term growth and careful risk management.