At least one in every five jobs that has disappeared this year will never come back, is the sobering forecast from number-cruncher Dwaine van Vuuren of Recession Alert in a recent piece of analysis published on BizNews. Brian Wartmuth, managing partner of The Human Capital Group, tells us in an inte
The Asia-Pacific region is recovering from its worst recession in living memory, but Covid-19 scars will be deep everywhere, cautions the International Monetary Fund. It’s not expecting a global trade-led recovery, with coronavirus containment measures keeping borders closed and weak global growth.T
In a riveting interview with Alec Hogg, candid Chris Hart shares some of his investment insights as well as heart-wrenching aspects of his life.Economist @chrishartZA is among a rare breed of analysts who can read undercurrents in financial markets. He made a name for himself correctly calling the d
First time I met Peter Major he was ranked as the top asset manager in SA. Unlike many rock star investment professionals, award-winning Peter is a humble guy who doesn’t take himself too seriously.He was gracious in demystifying complex facets of stock market investing and humoured me and a photogr
StanChart forecasts that China will be by far the largest economy in 10 years. In its list of the most exciting economies, SA is conspicuously missing.South Africa has been China’s biggest trading partner in Africa for 10 years and China the largest recipient of SA goods and services for 11 years, C
The world is a vast place, a fact I was reminded of when jumping out of a plane at 11,000 feet, thankfully strapped to a skydiving professional.And while the heart palpitations, nerves and excitement all played into the experience, the one thing that stuck was how small everything seems when one is
Watching Vusi Thembekwayo in action, it’s easy to see why his followers imagine him taking up the role as the country’s most powerful political figure.Entrepreneur Vusi Thembekwayo has more than half-a-million followers on Twitter, many supporting the idea of #VusiForPresident. Watching this charism
Minister of Finance Tito Mboweni and team have asked for an extension to 28 October flesh out detailed plans to execute the strategy to fix SA, which President Cyril Ramaphosa is scheduled to share. As Mboweni has warned, the country faces the real prospect of a financial crisis if the wrong moves a
Advisors to President Cyril Ramaphosa are recommending a wealth tax, euphemistically referred to as a solidarity tax, and estate taxes to help shore up government coffers. Bloomberg news agency has seen the proposal to increase the tax burden on higher earners (more details on BizNews, here).Less th
'My wife and I love this country...but I'm lucky I have wealth overseas. I am going to try to do my best because I can - I can't be fired'Many rich South Africans are emigrating, so fed up are they with the way the ANC has mismanaged the economy, as data suggests. Bucking this trend is Rob Hersov,
Tito Mboweni presented this hippo mouth to explain that the country is at a cross-roads. He will have to get his fellow ANC leaders to buy in to a sensible plan to get the country back on track.Remember this image? Tito Mboweni presented this hippo mouth in June to explain that the country is at a c
BizNews has got a great line-up of podcasts for you to download and listen to at your leisure this weekend, covering all the important topics.We’ve got a great line-up of podcasts for you to download and listen to at your leisure this weekend, covering all the important topics – from the long-awaite
Scientists including Professor Michael Levitt have added their signatures to a petition asking governments to rethink Covid-19 lockdowns.Scientists including South African Dr Michael Levitt – who received the Nobel for chemistry in 2013 for developing methods to calculate the courses of chemical rea
As the Asset Forfeiture Unit raided Edwin Sodi, the Zondo Inquiry into State Capture was hearing more evidence on Jacob Zuma and Dudu Myeni.As the Asset Forfeiture Unit raided Free State graft-accused Edwin Sodi’s Bryanston Blackhead Premises, grabbing his R3m red Ferrari and other valuables, the Zo
People are so hungry that young children have ‘days off’ eating so that babies don’t starve; not even the dogs have survived.Another 47m women and girls will likely be plunged into poverty globally as a result of Covid-19, head of United Nations Women, South Africa’s Phumzile Mlambo-Ngcuka, recently
The Financial Times notes that DA leadership hopeful Mbali Ntuli lacks support within a party that has dropped racial redress policies.The ANC is in a strong position, with its main opposition – the Democratic Alliance – weakened through in-fighting and desperately in need of more black supporters.
Former ANC MP Vincent Smith was in court this week in connection with tax evasion and he stands accused alongside former Bosasa COO Angelo Agrizzi.How do you put behind bars criminals who are so clever they get others to do their dirty work? You follow the lead of the investigators who nailed Chicag
South Africans have been hoping to see a large cast of former cabinet ministers rounded up in pre-dawn raids and taken to police stations to be charged for crimes related to state capture. We were told that the programme would begin in September, with Hermione Cronje, head of the National Prosecutin
Former crime intelligence boss Richard Mdluli has finally been jailed – more than two decades after the violent assault for which he was charged. Also this week, Chris Pappas of the Democratic Alliance blamed ANC provincial inaction for a ‘staggeringly low number of arrests and convictions’ for hein
This week, Stats SA is expected to report that unemployment has jumped to just under 35% – or one in every three. So says Bloomberg news agency, noting the Q2 figure would put SA at the bottom of a table of 83 countries it monitors closely.Covid-19 is only part of the problem, although the strict lo
CR has publicly admonished a senior politician for unethical behaviour, sending a very clear statement that this kind of behaviour is not condoned.President Cyril Ramaphosa has publicly rapped Minister of Defence and Military Veterans Ms Nosiviwe Mapisa-Nqakula over the knuckles for allowing her ANC
Hermione Cronje, the head of the National Prosecuting Authority’s Investigative Directorate, said last month that South Africa would see the first high-profile individual being charged in the month of September.This was on the back of the amended regulation of the Zondo commision which allows law en
In in this week’s Inside Investing, we share a snapshot of how BizNews founder Alec Hogg sizes up stocks for inclusion in the share portfolio.The BizNews share portfolio has performed exceptionally well since inception, fuelled largely by the selection of stocks that have benefited from the booming
It's been a busy month for us here at BizNews. Perhaps best of all is The Alec Hogg Show, which features interviews with some of SA's fascinating people.It’s been a busy month for us here at BizNews, with the launch of three new products. A weekly BizNews Digest is aimed at giving you all the main s