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Mark Burke discusses Kastelo’s regulatory dispute with the South African Reserve Bank, explaining the company’s compliance processes, client mandates, offshore investment transactions and decision to halt operations amid the blocking order. He also addresses the political fallout, media coverage and his decision to step back from the DA’s finance cluster. Burke maintains that Kastelo acted within…
South African swimming legend Chad le Clos has made history, becoming the most decorated athlete in Commonwealth Games history with 21 medals., In this interview with Biznews, Chad and his father, Bert, reflect on a nine-year quest to reach this milestone, which is a journey Chad says ranks alongside his iconic 2012 Olympic gold. However, this athletic peak was met with a personal disaster: a…
There are more online ads sold and paid for every single day than there are human beings on earth to consume those ads. That is the revelation from Marc Dhalluin of TruthsetsOnline, a South African based in Los Angeles, whose passionate mission is fighting global ad fraud. He talks to Chris Steyn about his mentor Dr Augustine Fou; the methods they use to uncover ad fraud, the types of ad fraud out…
Today's episode explores the aftermath of the Steinhoff crash with previously unseen texts from Markus Jooste. We also unpack how Naspers secured its legendary $33 million Tencent deal despite tough negotiations. In sports, Chad prepares for his "last dance" at the LA 2028 Olympics. Finally, we cover Wall Street's slump driven by rising Treasury yields and a notable dip in retail stocks.
Buy anything worth $600 billion and you can't lose money, says Milkwood Capital's Rhys Summerton. That's the easy trade. The hard one is spotting a great serial acquirer before the market notices, and Summerton has the scars and the returns to prove it. He walks through the five things he looks for before backing management with a chequebook, tells the inside story of turning a forgotten R4…
He spent three months convincing two reluctant shareholders to sell. He drove across the Hong Kong border in a train packed "like sardines" to negotiate with four young founders through an interpreter. He talked Naspers into betting $32 million it barely had on a loss-making Chinese chat app called QQ. It became Tencent, one of the most valuable companies on earth, and the single biggest driver of…
Your phone tells you which menu items will wreck your afternoon before you've ordered. Your investment portfolio is run by an agent that never sleeps. And the loyalty programme you've belonged to for years? It might not survive contact with your own smartwatch. At BNC#9, former Google South Africa boss and Discovery board member Stafford Masie skips the slides and goes straight for the…
Ten years ago this month, Bernard Mostert and Braam van Huyssteen signed away their shoe empire for R3.2 billion in Steinhoff shares. Within eighteen months those shares were worth almost nothing, and the men who bought Tekkie Town had walked South Africa into its biggest corporate fraud. In this fireside chat, Mostert breaks a five-year public silence to talk through the due diligence that missed…
In today's episode, political commentator Solly Moeng unpacks the R4 billion Reserve Bank investigation involving DA finance spokesperson Mark Burke's former company. Additionally, Milkwood Capital's Rhys Summerton reveals the essential traits of successful serial acquirers, and former Google SA boss Stafford Masie warns that AI will disrupt traditional health models like Discovery Vitality.…
The ANC's national support has slipped to a new low. Almost a million South Africans have left the country in a generation. And yet the IRR's John Endres reckons South Africa has a better shot at real reform than Britain does. At BNC#9 in the Drakensberg, Endres lays out new IRR polling on the diaspora, fresh data on where SA's politics is heading, and the case for why the country's youth, not its…
The once carefully curated moral image of the Democratic Alliance (DA) is showing more cracks. In their weekly chat, Chris Steyn and political commentator Solly Moeng discuss the R4-billion South African Reserve Bank (SARB) investigation into the company founded by DA Finance spokesperson Dr Mark Burke, and the pro bono security provided to former DA Mayor Tania Campbell by tenderpreneur and…
Twelve years ago Wayne Duvenage quit as CEO of Avis to fight a toll fee he believed was unjust. Government has since written off R43 billion in e-toll debt. A separate R200 billion power ship deal is dead too. Now, at BNC#9, the OUTA chief executive explains how a small civil society organisation keeps winning fights against the state, why one insurance sector board recently refused a minister's…
In this episode of BizNews Daybreak, we cover OUTA CEO Wayne Duvenage’s call at BNC#9 for civilian-led accountability and AI to combat corruption, alongside IRR CEO John Endres's polling data showing ANC support dropping below 50% across key demographics. Reuters details Wall Street's slip driven by soaring bond yields and tech losses, and ad investigator Marc Dhalluin breaks down how fake traffic…
Fired from a small quarrying company in 2005 for pitching an idea a lawyer called "unlistable," Andries van Heerden went and built it anyway. Twenty years on, that idea is Afrimat: a R10 billion JSE-listed miner spanning iron ore, manganese, anthracite, rare earths and now cement, after last year's Lafarge acquisition. At BNC#9, the man rated by his peers as South Africa's best miner lays out the…
He started out as a bursary student from a village with no electricity or running water. Now Simon Baloyi runs one of South Africa's biggest industrial employers. In his first full year as CEO (2024) he turned a loss of nearly R70 a share into double-digit profit. Baloyi's BNC#9 keynote takes us inside that turnaround: the internal battle to hold the strategy together through Trump's tariffs, the…
Wall Street dipped as investors braced for retail earnings from Home Depot, TJX and Walmart. In Knysna, Ron Weissenberg says a R70-80 million provincial intervention has barely dented entrenched corruption despite Hawks investigations. From BNC#9, Theo de Jager detail 14 Washington meetings pushing the US to link trade to farm-murder action, BEE exemptions and Expropriation Act changes. Sasol's…
They've been dubbed 'the Three Amigos', and a year on from their first appearance as a trio at BNIC#2 in Hermanus, Dr Corné Mulder, Dr Theo de Jager and Gerhard Papenfus are back with an inside account of the Washington meeting that could reshape South Africa's relationship with the United States. They reveal the exact conditions US officials say must be met before trade relations are restored,…
With The Hawks investigating corruption at Knysna Municipality amid a failing intervention, Ron Weissenberg of The Accountability Group (TAG) tells Chris Steyn why interventions and money are not the solution. “They tend to paper over the problems and they address… emergencies on a short-term basis. However, when the money ends and the resources are withdrawn, we are left with exactly the same…
South Africa has budgeted a trillion rand for infrastructure over the next three years. It's spending less than it did twelve months ago. Public Works and Infrastructure Minister Dean Macpherson lays out why: a tender system that awards roughly one in six bids, a construction mafia that until recently shut down sites almost daily, and a state entity that was bankrupt and whose boss allegedly tried…
Back from BNC#9 in the Drakensberg, Daybreak opens with Safe Citizen's Jonathan Deal on the Madlanga Commission, where WhatsApp chats allegedly link Julius Malema to Major-General Feroz Khan and tobacco businessman Mohammadh Sayed. Malema calls it ordinary parliamentary oversight. At the conference, FF+ leader Corné Mulder warns GNU parties risk being co-opted, while Gerhard Papenfus says BEE and…
In the latest edition of the NdB Sunday Show, Chris Steyn and Safe Citizen Founder Jonathan Deal take a deep dive into the latest testimony at the Madlanga Commission of Inquiry after 159 days of testimony. “I think that we could say that this week the Madlanga Commission stopped being about one scandal and started looking like a stress test of the entire institution of the South African Police…
Reza Shah of Iran died in exile in a house in Johannesburg in 1944. Eighty-two years later, an Iranian-born South African economist stood up at BNC#9 to explain why that strange, half-forgotten history still shapes how Pretoria thinks about Tehran, and why the war now raging between Iran, Israel and the United States might be the moment historians look back on as the start of America's retreat…
Today on BizNews Daybreak, Wall Street celebrates record highs while OpenAI and Anthropic eyes a massive IPO. Locally, Dawie Roodt blames ANC ideology for South Africa's economic woes, and Ian Cameron exposes severe dysfunction and backlogs within SAPS. On the global front, Dr. Iraj Abedian analyses America’s retreat from the Middle East, and Javier Blas details the high-risk, "dark" oil tanker…
Dawie Roodt says South Africa's taxpayers are being squeezed harder than ever, and he has the fresh numbers to prove it. In this BNC#9 keynote, the Efficient Group chief economist walks from 300,000 years of human history to the latest Reserve Bank bulletin to make one argument: the state is spending and taxing more than it ever has, while a shrinking pool of taxpayers carries the load. He…
Half of South Africa's police stations don't answer their own phones. There's a DNA backlog running past 300,000 cases, sitting behind rapists who are still walking free. And SAPS spends R102-billion a year on salaries for a leadership structure of 722 generals and brigadiers. Ian Cameron, chair of Parliament's Portfolio Committee on Police, lays out exactly where SAPS is broken, names the…
Rob Hersov became a household name in South African business circles for one speech and two words. Four years on, he's back on the BizNews stage with a harder, more complicated message: the country is not fixed, the ANC is not gone, and the crisis is deeper than most people admit. But he's also putting his own money down, on the West Coast, on a Cape Town-area development, and on a young…
In today's BizNews Daybreak, Prince Mashele predicts the ANC's terminal decline by 2034, while Rob Hersov warns South Africa is uninvestable due to a massive illicit economy. Globally, subdued US inflation eases Fed pressure, and Nvidia unveils a $500 billion AI infrastructure plan. Plus, we hear Bernard Mostert's inside story on Steinhoff's red flags, Cisco's AI-driven earnings, and further…
Prince Mashele doesn't do polite predictions. At BNC#9 in the Drakensberg, the political analyst and author of The Fall of the ANC lays out exactly how he believes South Africa's governing party ends: not with a bang, but a slow bleed to zero seats within two elections. He explains why Johannesburg matters more than any other contest on the ballot, why he expects Cyril Ramaphosa's own comrades to…
Four months after taking over as DA federal leader, Geordin Hill-Lewis used his first BNC address to lay out exactly how he plans to close the gap on the ANC, why Cape Town's gun conviction numbers should worry everyone, and what one ANC mayor told him in private that he says has stayed with him. With the DA and ANC now separated by just seven points nationally, and Johannesburg's local election…
In today's episode, Christo Wiese discusses Markus Jooste's betrayal and his fight for restitution. We also cover the DA's optimistic vision to reverse South Africa's decline and Duduzane Zuma's call for big business cooperation. Globally, signs emerge of a potential US-Iran arrangement over the Strait of Hormuz, while the US faces munitions shortages. Finally, AI stocks soar as CoreWeave and…
He once said he wouldn't join his father's party. Now he's its second-in-command. Barely a week into the job, Duduzane Zuma used the BNC#9 stage to tell South Africa's business leaders exactly what he thinks they've got wrong, about land, about the Reserve Bank, and about the "masses" he says the boardroom keeps ignoring. He splits the economy into three, calls out white monopoly capital by name,…
Today's BizNews Daybreak covers Donald Trump’s stance on Iran and rising oil prices driving Brent crude past $87. Tech highlights include Anthropic’s $9.1 billion data center deal with Riot Platforms, Intel raising $20 billion through share sales, and security risks of rogue AI models. Plus, Berkshire Hathaway accelerates share buybacks to $4.5 billion.
Nearly a year after Neil de Beer's death, the NdB Sunday Show looks back at the moments that made him impossible to ignore. From tearing into the NHI Bill to naming his own "ten most wanted" list of state capture figures, de Beer never softened a line for anybody. What most of his audience didn't know while he was saying it: he was fighting cancer, quietly, the whole time. Chris Steyn revisits the…
Today’s episode covers South Africa’s immigration debate as Solly Moeng addresses local employment realities. We examine global tensions, including Iran’s Strait of Hormuz deal and oil market impacts. Plus, updates on Federal Reserve Chair Kevin Warsh’s inflation strategy, OpenAI’s upcoming 2027 smart device, Elon Musk’s massive SpaceX and Starlink V3 expansion plans, and Alphabet’s struggles with…
Today’s episode covers Google's AI leadership shakeup, vishing cyberattacks targeting major Wall Street hedge funds and Meta’s AI testing breach. Locally, Jacob Zuma appoints his son Duduzane as MKP deputy president while Ramaphosa holds back an interim commission report. Plus, SRF polling reveals the ANC collapsing in Johannesburg, Kallie Kriel dives into property rights warnings over…
Alex Karp just proved that conviction moves markets. Palantir's overnight 29% jump has Wall Street rethinking what it thought it knew about the company, and Karp isn't shy about telling you why. Elon Musk lays out exactly how far ahead SpaceX and Starlink already are, and how much further they're going, while South Africa keeps arguing with itself about letting Starlink in at all. Add a fresh…
In their latest weekly chat, Chris Steyn and political commentator Solly Moeng talk about the headline-grabbing actions of former President Jacob Zuma and the headline grabbing non-action of current President Cyril Ramaphosa: Zuma appointing his son, Duduzane, as MKP’s Deputy President while Ramaphosa has been sitting on the second interim report of the Madlanga Commission for over two months.…
In todays Daybreak, AfriForum's CEO reveals an upcoming contempt of court case against Julius Malema for land grab calls. Paramount Group's founder warns of a potential uprising in South Africa. Locally, Nedbank report strong interim results, while a scam victim shares his R450,000 loss. Globally, SpaceX and AMD release earnings, and South Africa pitches a $180 billion energy plan to China.
Another BizNews tribe member has suffered a huge online trading platform loss. In this interview with Chris Steyn, Tommy Salem describes how he ended up on the FXSI platform after clicking on a clip showing AfriForum’s Kallie Kriel before losing R450 000 in two months. It was money Tommy could ill afford to lose: “I had a stroke. So I was at home for a year and I was busy with the therapy and that…
Ivor Ichikowitz turns sixty this year, and by his own account he's never felt more energised. As founder of Paramount, the defence and aerospace group he built into a business operating in twenty countries, he's used to controversy. But in this conversation with Alec Hogg, he's not talking weapons. He's talking about what his foundation's African Youth Survey reveals about a generation that trusts…
Thirteen votes vanish, a city manager gets his job back, and Tshwane's bondholders are left wondering what happens to every tender signed while he was out. Kallie Kriel tells Chris Steyn that AfriForum is coming for Julius Malema again, and this time the government's in the crosshairs too. Then Ivor Ichikowitz, the famously private founder of Paramount, breaks his silence on the defence empire he…
In this interview with Chris Steyn, Kallie Kriel, the CEO of AfriForum, describes the legal battle being fought against the Expropriation Act in the Cape High Court this week. Detailing the implications of the act in current form, Kriel warns that after the Local Government Elections in November, municipalities under MK control could use a section of the act to expropriate without compensation.…
In today's episode, we cover South Africa's crowning as Africa's ransomware capital and the FSCA's record R2.8 billion in fines, including action against the Banxso deepfake scam. We also discuss the appointment of seasoned provincial police commissioners and new anti-corruption progress. Globally, we unpack President Trump's tariff lawsuits, OpenAI's security briefing following the Hugging Face…
In his latest interview with Chris Steyn, former Western Cape Provincial Police Commissioner, Dr. Lennit Max hails the appointments of four new provincial commissioners. “This time around I am very pleased that the Acting National Commissioner in her wisdom decided that there's merit among people of colour.” He points out that all four appear seasoned as well. “Lieutenant General Sizakhele Dyanti…
Two prosecution bosses down, and counting. The Madlanga Commission has just claimed its second casualty, and a leaked recording shows exactly how bad it got. Meanwhile fresh polling suggests the ANC is about to lose over 500 council seats, Interpol has crowned South Africa the ransomware capital of the continent, and the FSCA has landed a record R2.8 billion in fines, the bulk of which trace back…
Today's BizNews Daybreak examines Japan’s US-coordinated currency intervention, OPEC+ production increases, and energy lobby opposition to US biofuels legislation. South Africa’s corruption commission delivers unprecedented accountability, while Donald Trump pauses planned Iran strikes pending rapid talks. Meanwhile, the S&P 500 opens at 7,489 and SpaceX prepares for a high-stakes earnings call…
In this edition of the NdB Sunday Show, Chris Steyn and Jonathan Deal, the founder of Safe Citizen, talk about the fall of Investigations Directorate Against Organised Crime (IDAC) Chief Andrea Johnson - whom Economic Freedom (EFF) Fighter CIC Julius Malema likened to the late Winnie Mandela - and who was tipped to be a future National Director of Public Prosecutions; as well as the fall of three…
Today's BizNews Daybreak covers Apple's quarterly results, Rivian's SUV success, and Anthropic's AI breach, alongside a semiconductor rally driven by Microsoft and Oracle. Football federations oppose FIFA selling World Cup stakes, while Donald Trump claims a Gaza disarmament agreement. Meanwhile, Alec Hogg discusses Anglo American’s South Africa exit, RMB launches a R1bn housing program, Geraint…
A former top-ranked City of London stockbroker has written a manual for winning at business, politics and life. There's just one catch: to follow it, you'd have to think like a psychopath. Geraint Anderson, the man behind the legendary "Cityboy" column, tells BizNews editor Alec Hogg why he built his new book around Trump, Musk and the 'manosphere', how a near-fatal motorbike crash changed his…
In this interview with Chris Steyn, Alessandro Scalco of RMB Sustainable Finance shares the details of a R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market. Rand Merchant Bank (RMB) has partnered with INDLU, a property financial technology company that empowers landowners to build, manage, and earn from high-quality rental housing. The…
