SA's leading hedge fund manager Jean-Pierre Verster dissects Pick n Pay's results and gives a high-level analysis of the food retail sector.On the BizNews Power Hour, one of the leading South African hedge fund managers Jean-Pierre Verster dissects the Pick n Pay results and gives a high-level analy
Denker Capital's executive director told the BizNews Power Hour that Mminele's departure could be linked to the Absa Money Market saga.Absa announced on Tuesday that CEO Daniel Mminele is leaving the company, over non-alignment on matters of strategy and culture transformation with top executives –
In this interview on the BizNews Pour Hour, CEO of the PSG Group Piet Mouton shares his thoughts on the South African economy and the underlying businesses within the PSG stable. Already out of fashion, investment holding companies have been further hampered regarding unfavourable tax legislation pe
Embroiled multinational retailer Steinhoff has announced plans to list its crown jewel, discount retailer Pepco in an Initial Public Offering (IPO) on the Polish exchange. Pepco, which operates in a number of jurisdictions throughout Europe, is Steinhoff’s best-performing asset and is valued at appr
Eskom has been embroiled in numerous corruption scandals over the years. A recent investigation has uncovered further dishonest and suspicious activity, involving Thandi Marah. Then the senior manager of business enablement for the SOE, Marah allegedly interfered in a tender process. This allowed fo
Andrew Golding told the BizNews Power Hour about an increase in the purchases of second properties by wealthy consumers.Chief Executive of real estate giant Pam Golding Properties, Andrew Golding, told BizNews Power Hour host Alec Hogg about the increase in purchases of second properties by consumer
Saad shares his insights on the pharmaceutical industry, the distribution of the vaccine and threat of Covid-19 variants.In this interview, BizNews editor-at-large Jackie Cameron talks with Aspen Pharmacare’s CEO and co-founder Stephen Saad on South Africa’s vaccination rollout plans and the status
ANC Secretary-General Ace Magashule has been given 30 days to step aside from his role or face suspension and disciplinary action by the party. President Cyril Ramaphosa says this time cannot be not be used to review the decision of the ANC Integrity Commission. Magashule faces more than 70 counts o
Maverick businessman Mark Barnes gives his insights into the failed R200bn loan guarantee program, of which only 10% has been utilised.Maverick businessman Mark Barnes, who’s been at the forefront of institutions such as Standard Bank, Brait, Purple Capital and the South African Post Office gives hi
Sibanye-Stillwater CEO Neal Froneman made headlines a fortnight ago when he said that a merger of South African gold companies is in the best interest of the country. He told BizNews editor at large Jackie Cameron, “we’re all going to either get consolidated internationally or we can do the consolid
The Democratic Alliance and ActionSA are urging the South African government to take action against Islamic insurgents in Mozambique.Opposition parties the Democratic Alliance and ActionSA are urging the South African govt to take action against Islamic insurgents in Mozambique and warn that the vio
The South African government’s decision to sell one million coronavirus vaccines developed by AstraZeneca to other African nations raises deep ethical concerns. That’s according to six of South Africa’s leading medical scientists, reports Bloomberg. South Africa bought the shots from the Serum Insti
Government may tighten restrictions on gatherings and alcohol consumption to limit Covid-19 infections over Easter, according to insiders.As the Easter weekend approaches, many South Africans are preparing to travel for the long weekend. After a second wave of Covid-19 infections kept many at home o
Magda Wierzycka talks about stepping down as CEO of Sygnia but still being involved, and drops some pearls of wisdom for entrepreneurs.Magda Wierzycka, founder of Sygnia Asset Management has stepped down from her position as co-CEO and leaves David Hufton at the helm. Her voice will still be heard i
Smile Telecoms, a South African and Pan-African telecoms provider, is in dire financial straits. With an agreeable PIC, hundreds of jobs and millions of dollars could be saved. However, at this late stage in proceedings, the PIC no longer wants to play ball. The plan to keep the company afloat invol
Grand Parade Investments, a small cap investment holding company with a market capitalisation of a shade over R1.2bn, released its interim results for its half-year to 31 December 2020. Since listing on the Johannesburg Stock Exchange in August 2008, the company has struggled to take-off and a combi
Remgro, which holds a variety of different investments, released its interim results which underscore a strained South African economy.Remgro, an investment holding company which holds a variety of investments over a number of different industries, released its half-year results which underscore a s
Sabvest is a small-capitalisation investment holding company. It is listed on the JSE under the stock market ticker SBP. It’s essentially a smaller version of a Remgro, PSG, or HCI. As the name suggests, investment holding companies invest in a portfolio of assets/businesses, both listed and unliste
Following the release of ADvTECH results, Boston City Campus CEO Ari Katz and David Shapiro joined BizNews to talk listed education companies.Ari Katz, CEO of Boston City Campus, joined BizNews Power Hour host Alec Hogg to look at the situation listed education companies find themselves in. With ADv
Value investor Piet Viljoen singled out a few hidden gems on the JSE, one of which is the Lewis Group, an unloved and overlooked company.At the BizNews Investment conference last week held at Champagne Sports Resort nestled in the midst of the beautiful Drakensburg mountains, value investor Piet Vil
In this interview with BizNews editor-at-large Jackie Cameron, Protea Capital Management Founder and CEO Jean Pierre Verster talks about the intricacies of the hedge fund industry. Jean Pierre, best known for his successful shorts of African Bank and Steinhoff, gives his insights on the local and of
One of the speakers at the BizNews Investment Conference, Counterpoint value fund manager Piet Viljoen explains the concept of value investing and where pockets of opportunity can be found on the Johannesburg Stock Exchange.Piet Viljoen on hidden gems and what not to look for:To define what we’re lo
Prudential CEO Bernard Fick joined the BizNews Power Hour, speaking to the team about changes to one of the country’s largest investment managers. The company recently issued an announcement, outlining ownership changes and even the possibility of a name change. Fick summarised the details and also
Candice Paine of PR Financial Services evaluates the benefits of tax-free savings. The longer you save, the bigger the tax saving', says Paine.Candice Paine, of PR Financial Services, explains the benefits of tax-free investments. ‘The longer you save, the bigger the tax saving’, says Paine. An indi