BizNews Radio

In his latest interview with Chris Steyn, political commentator Solly Moeng comments on President Cyril Ramaphosa’s poor handling of the immigration (and other) crisis; the mysterious social media campaign to position Freedom Front Plus Minister of Correctional Services Pieter Groenewald as a future president; questions about the R30 million “donation” to Rise Mzansi, the party that has an MP chairing the Ramaphosa impeachment committee; unholy links between General Feroz Khan of Crime Intelligence and Economic Freedom Fighters (EFF) Commander-in-Chief Julius Malema; 14 police officers suspended in relation to a tender linked to the politically connected Cat Matlala; and the failure to arrest alleged Tembisa Hospital looting kingpin Hangwani Morgan Maumela, the nephew by marriage of Ramaphosa. “...if you arrest the small guys and you let the big guys continue the games they're playing on all of us, then we're going to end up having the same conversations in a year's time…they should dig out everyone who's hiding in the crevices of this madness, take them into the public space and…hopefully the NPA this time will act without fear, favour or prejudice and go after everybody. Else, South Africans must vote…We need to place this country ahead of all these mad men and women in politics.”

Johannesburg's new budget lays bare a city in financial distress: less than 10 days of cash reserves, a R220 billion infrastructure backlog, and revenue targets that ignore the fact that nearly half its water never gets billed. Alec Hogg dissects the numbers that every ratepayer and bondholder should see. Then: Jubilee Metals tries to win back the market with a credible operational update from Zambia; Araxi (formerly Capital Appreciation) posts softer headline numbers that mask an 80% surge in its core software earnings; a hostile takeover battle at Mustek nears its conclusion; and why a director selling shares at ASP Isotopes is not what it looks like. And in the second half — SpaceX, OpenAI, and Anthropic are heading for public markets with a combined valuation pipeline of over $3 trillion. Alec draws the parallels with 1999, and asks the question Wall Street is afraid to answer: are we at the top?

In today's Daybreak episode, OpenAI files for a fall IPO and SpaceX’s oversubscribed listing targets a $1.8 trillion valuation. Meanwhile, Israel and Iran ease strikes after Trump's intervention.

Locally, a new AGOA proposal allows South African firms to opt out of BEE to avoid US tariffs, PPC's 84% profit surge triggers stock volatility, Bernard Montgomery reminisces on the old JSE floor, and the 2026 FIFA World Cup struggles with tourism forecasts.

In June 1996, the JSE's open-outcry trading floor fell silent forever. Thirty years on, Irakli speaks to Bernie Montgomery — clerk-turned-broker — who recalls the chaos, camaraderie, and colourful lunches that defined an era before the screen took over.

Omnia and Sygnia deliver standout half-year numbers and shareholders cheer. PPC posts 84% profit growth and the stock drops 3.5%. Alec Hogg unpacks three SENS announcements that tell you everything about how markets actually work — and why beating expectations matters more than beating last year.