This section houses interviews conducted by Biznews, both video and audio, and other interesting inputs sourced from Third Parties.
This week’s announcement by MTN Group that Ahmad Farroukh would be replacing Zunaid Bulbulia as CEO of MTN South Africa with immediate effect raised a number of questions. Zunaid Bulbulia will be moving into the position of group chief operating officer after only a year of serving as CEO. To get more insight into the … Read more
Big Data is the it thing in the technology space at the moment. It has the potential to revolutionise the way we do business, and the way that we deliver products to users. It brings with it a wealth of opportunities and efficiencies that were never able to be monopolised before. Â And even though South … Read more
Capetonian Hassen Adams is establishing a reputation as one of South Africa’s great entrepreneurs. His Grand Parade Investments, which boasts 20 000 shareholders from mostly humble circumstances, is one of the JSE’s star performers, rising 78% in the past year. Part of that was on the back of the spectacularly successful launch of its new … Read more
An electricity rate increase above the 8% that had already been granted by the National Energy Regulator of South Africa (NERSA) was announced yesterday. This increase is to provide Eskom with R7.8 billion of revenue from consumers and will push the actual tariff increase to at least 10%, perhaps as high as 13% (the details … Read more
Consumer credit health has deteriorated in the second quarter of this year according to the Consumer Credit Index. This decline is not surprising when one considers increasing inflation in South Africa paired with a subdued job market and flat wages. The problem is that even if formal lenders are not lending to consumers, there is … Read more
In this interview with Neasa’s CEO Gerhard Papenfus, a few concerning facts about the resolution of the metal workers strike have been highlighted. As Papenfus says, “The strike is over, but the lockout has begun.” Gerhard sheds light on how Neasa was excluded from the negotiations where they would have represented 3000 employers, who employ 80 … Read more
Cell C announced last week that it was looking to restructure €77.4m of its senior debt, as it seeks to improve its cash management. Cell C has a deep pool of international funding behind it, with Saudi company Saudi Oger Ltd owning the majority of its interest. Alec was joined by Cell C’s Chief Financial Officer, … Read more
A four-week strike that affected the metal and engineering sectors has come to a close as Numsa’s members accepted a wage settlement offer. Kaizer Nyatsumba, CEO of Seifsa joined Alec Hogg on the Power Lunch today to discuss the environment that unionised South African is operating in. The reality is stark, and as it comes to … Read more
CEO of Invicta Holdings, Arnold Goldstone spoke to Alec Hogg about uncertainty in SA’s industrial sector and the impact that it is having on Invicta, its shareholders and its future prospects. Arnold provided some sobering words for South Africa, its leadership, and its unions. If there is one thing that you should watch today, it is … Read more
The Boston Consulting Group recently named five South African companies as top performers in its 2014 Value Creators Report, Turnaround: Transforming Value Creation. Hans Kuipers who is responsible for Strategy and Corporate Developments at Boston Consulting Group discussed the report’s findings with Alec Hogg. What is it that Naspers, Imperial, Asor, Aspen and FirstRand have done to … Read more