BizNews Radio

SpaceX has become the hottest story in global investing, soaring to a valuation above $2 trillion and captivating markets worldwide. But is it a revolutionary business success or a masterclass in financial engineering? In this candid interview, Cy Jacobs argues that Elon Musk has cracked the code of modern market structure, using limited share supply, passive index demand and options trading to fuel extraordinary valuations. Jacobs explains why he remains sceptical of the fundamentals, yet still believes betting against SpaceX could be a costly mistake.

BizNews editor Alec Hogg leads with a political signal investors shouldn't miss: the DA is moving to replace John Steenhuisen as Agriculture Minister after three High Court cost orders — and his proposed successor is an actual farmer. Then Dr. Duarte da Silva's third paper on South Africa's gold lands with force: the Witwatersrand holds as much gold underground as it has ever produced, Australia spends 70 times more exploring its endowment, and SA's share of African exploration budgets has collapsed from 35% to 7%. On the JSE: Premier Group is the standout — net profit up nearly 30% while digesting the RFG acquisition. Vukile raises R2.8 billion for Italy, heavily oversubscribed. Stor-Age quietly accumulates institutional buyers. Powerfleet's integration pain is finally paying off. And Brikor heads for the exit. The close ties it together: the political story and the gold story are the same story.

In this Boardroom Talk, BizNews editor Alec Hogg unpacks the political and practical unravelling of John Steenhuisen's tenure as South Africa's Minister of Agriculture. From the foot-and-mouth disease crisis that exposed a fatal mismatch between parliamentary skill and executive capability, to three damning High Court cost orders, Hogg traces how one of the DA's most respected figures ended up on the wrong side of the very accountability standards his party championed. But this isn't just a post-mortem. It's also a sharp-eyed assessment of what new DA leader Jordan Hill Lewis's decisive — and graceful — cabinet reshuffle reveals about the kind of leader he intends to be. Performance over loyalty. Outcomes over comfort. Is this the beginning of something different in South African politics?

In this interview with Chris Steyn, Political Commentator Solly Moeng gives his take on the latest developments in the impeachment drama surrounding President Cyril Ramaphosa, noting: “... he is buying time for himself, definitely for other people around him whose interests would not be aided by him leaving now and a certain Paul Mashatile is immediately coming in…” Moeng calls for the recall of Agriculture Minister John Steenhuisen and the removal of his Chief of Staff Jana le Roux who allegedly swore at an agri official and for sharing bemusement at farmers reaching out to the department. “...if he can’t remove her, maybe they should remove him…look it's up to the DA now to prove itself, to say to Ramaphosa, look, we are withdrawing this man…” Speaking on the 50th anniversary of the June 16 1976 youth march in Soweto, Moeng slams the government for failing the youth. Describing his return last year to Diepkloof - where he grew up, he charges: “It's worse than during Apartheid.The primary school that I used to go to has got a squatter camp inside its yard…It actually made me go on to cry…..” Lastly, he comments on the Western Cape’s outgoing Police Commissioner coming out in support of extending policing powers to the province.

In this episode of Daybreak, we explore the tentative US-Iran deal and G7 skepticism surrounding the Strait of Hormuz. SpaceX's valuation surges to $2.65 trillion, overtaking Amazon, alongside its $60 billion acquisition of AI startup Cursor.

Meanwhile, Washington imposes strict foreign access restrictions on Anthropic’s advanced AI models.

In South Africa, the University of Fort Hare’s Vice Chancellor faces a criminal corruption complaint, Solly Moeng dissect the ANC leadership, and we unpack why Eskom's recent Fitch upgrade is merely borrowing credibility from the sovereign national balance sheet.