"Altvest is a great way for the man or woman on the street to be able to invest. This democratises investing," says Rob Hersov.Joining the BizNews Power Hour are the directors of Altvest, an exciting company that aims to transform the way people invest in companies. Warren Wheatley, Koshiek Karan an
Piet Viljoen weighs in on the fate of Naspers and Prosus, given that their primary driver - internet giant Tencent - has been one of the worst affected tech companies.Counterpoint’s Piet Viljoen joined the BizNews Power Hour to weight in on the fate of Naspers and Prosus, given that their primary dr
Anglo American has announced its half-year results, with the resource counter beating expectations, with the share price reacting favourably.Mining behemoth Anglo American announced its half-year results earlier today, with the resource counter beating expectations, with the share price rising by ar
Nadia van der Merve and Stephan Bernard of Allan Gray put pen to paper on the ever-increasing trend of JSE-listed counters departing the local bourse. Despite a gloomy economic backdrop for the better part of a decade in South Africa, the two explain that there are far more factors at play than simp
Magnus Heystek gives further insights into what to do with your hard-earned money, in light of the Chinese govt putting its "idealogical jackboot back on."Magnus Heystek is the founder of Brenthurst Wealth Management. Last week, Heystek joined BizNews for a highly informative webinar about investing
10x Investments founder Steven Nathan joins Alec Hogg to share his rational perspective as the BizNews Power Hour’s regular Tuesday co-host. Nathan delves into the regulatory crackdown happening in the East, with Tencent having fallen as much as 40% over the past six months. This has directly affect
Aviation analyst Guy Leitch discusses what's happening with SAA subsidiary Mango as the airline enters business rescue.Aviation analyst and airline focused magazine owner Guy Leitch joins BizNews founder Alec Hogg to discuss what’s happening with South African Airways (SAA) subsidiary Mango as the a
Known as the ‘Bitcoin brothers’, Ameer and Raees Cajee raised eyebrows across the globe when the siblings allegedly disappeared with over $3.6bn in Bitcoin and other cryptocurrencies. However, in an affidavit, Raees has said that the narrative of he and his brother fleeing the country is simply not
In 2016, Kumba was trading below R30 per share with a market cap below R10bn. This morning Kumba announced an interim dividend of R72.70.Kumba Iron Ore’s performance over the past five years or so has been nothing short of remarkable. Given that resource counters are price takers, this phenomenal ri
"To make a dent in poverty, SA needs to take the brakes off when it comes to economic growth – that means dispensing with BEE and race-based policies."With one of the highest inequality rates in the world, South Africa has a long way to go if it is to properly address poverty, hunger and unemploymen
South Africa’s economy contracted the most in a century in 2020 and lost 1.4 million jobs as restrictions to curb the spread of the coronavirus weighed on output and forced some businesses to cut wages, reduce staff or close permanently. The deadly riots and week-long looting spree in KwaZulu-Natal-
Liberty Two Degrees announced its half-year numbers before the opening bell this morning, with the landlord showing improved performance.Sandton City mall owner Liberty Two Degrees released its half-year numbers before the opening bell this morning, with the landlord showing improved performance aga
Mergence Corporate Solutions mining director Peter Major is the go-to man when it comes to the resource stocks. The mining industry has been South Africa’s saving grace with commodity prices staying unbelievably strong over the past 24 months or so. The commodity counters are printing money and inst
Tiger Brands has been hit by yet another product quality scandal with South Africa’s largest food producer recalling millions of canned vegetable products. Another headwind for the once high flying JSE counter, following the listeriosis saga which caused great financial and reputational damage. The
The recent looting and civil unrest in parts of South Africa has raised a number of concerns. Listen in on this excerpt from a BizNews webinar, featuring Brenthurst Wealth Management‘s Magnus Heystek and Claude Baissac of Eunomix. Together with Alec Hogg, the group concentrate on what to do with you
Toyota regional officer for Africa said the recent spate of riots have a significant impact on its plans to further invest in SA, reports MyBroadband.Bloomberg recently reported on the consequences last week’s rioting and looting has had on the already weak South African economy. Over 3000 shops hav
Founder of Opportune Investments Chris Logan sits down with the BizNews team to unpack Karooooo, formerly Cartrack, quarter one update which was released to the market in line with more stringent Nasdaq reporting requirements. Logan is one of the few top South African analysts that cover the stock i
A week of deadly riots in SA could cost the economy about R50 bn in lost output, while 150,000 jobs have been placed at risk, the Presidency said.As the dust settles in South Africa, we’re finally able to see the extent of the damage done by looting, protesting and riots that gripped parts of the co
10X founder Steven Nathan is upbeat about South Africa's prospects going forward after the chaotic events that unfolded last week.10X founder Steven Nathan is the BizNews regular Tuesday co-host on the Power Hour with the ex-fund manager upbeat about South Africa’s prospects going forward after the
Cartrack, a wholly owned subsidiary of Nasdaq and JSE-listed Karooooo, released its financial results for the first quarter of its 2022 financial year. Since Karooooo is now listed on the Nasdaq in the US, the reporting requirements are more stringent, hence a first quarter update has been announced
While the effects of the pandemic on the SA economy are well-documented, few have considered the hammer blow Covid-19 has dealt the arts and entertainment industry. Recently, it was announced that the Ticketpro Dome in Northgate, Johannesburg will be closing its doors for good. Thousands took to Twi
Charles Savage explains that with the ‘virtualisation’ of stock ownership - the civil unrest recently experienced in the country poses no risk to offshore investments and money invested with EasyEquities.Last week’s anarchy left some BizNews community members wondering about the safety of their Easy
Tekkie Town’s Bernard Mostert discusses the Steinhoff settlement saga with BizNews founder Alec Hogg and veteran analyst David Shapiro. On Friday, Steinhoff announced it would be increasing its settlement offer to shareholders in light of better trading conditions across the business. Mostert and hi
“We’re able to deliver on our budget and plans. We don’t see any merit in this [Moody's] downgrade,” says Cape Town Deputy Mayor Ian Neilson.A Moody’s Investors Service report downgraded five South African cities, placing them into junk territory. Among them is Cape Town, a city that, last month, re