The Editor’s Desk: Behind our apology to Minister Fikile Mbalula

Last week, we issued an unreserved apology to Transport Minister Fikile Mbalula. In this episode, Alec Hogg explains the background to the story and why Biznews has a policy of full right-of-reply. We also discuss the changes we have made to our model portfolio, explaining why we're rotating into South African stocks. Alec talks about some of the feedback he has received from the community on these changes. We finish up with a discussion on what the struggles of WeWork and Uber mean for the global investment landscape. – Felicity Duncan.In its six-year history, Biznews has made very few apologies for its coverage. Last week, however, we made a full and unreserved apology to minister Fikile Mbalula for a story we wrote in September. In this episode, Alec explains the philosophy behind Biznews and why we are proud to apologise when we are wrong..___STEADY_PAYWALL___.Biznews is also not afraid to make changes where changes are needed. In this episode, Alec discusses the evolution of our global portfolio, and why he is making the switch from certain US assets into South African ones. He also explains why we have moved back to a model portfolio structure and how the portfolio is intended to help provoke conversations about investment and opportunity..One investor who has taken full advantage of the opportunities offered by the growth of exponential stocks is Masayoshi Son, founder of the Softbank Vision Fund, which has invested billions into high-growth private companies and earned massive returns. In the last few months, however, the Vision Fund has struggled as the public market has turned away from growth stocks, sinking the share price of Vision Fund favourite Uber and rejecting the listing of another Vision Fund bet, WeWork. While the growth story of many exponential stocks remains sound, changing market sentiment means that listing a growth company isn't the sure path to riches it was a few years ago.

The Editor’s Desk: Behind our apology to Minister Fikile Mbalula

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