Today I reflect ahead of my interview with John Steenhuisen as he’s set to respond to RW Johnson’s scathing critique, plus key market insights.
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BizNews Daybreak - Wednesday 3rd December: Bitcoin surges; Michael Dell's $6.25bn pledge; FirstRand's UK fight
Seize the day with the freshest news you can use to help you conquer another active business day - from the team at BizNews and our global partners. This episode features Wall Street’s overnight performance, a Trump slump (and determination to rid the Fed of Powell), FirstRand’s fight, David Shapiro’s wisdom and more…..
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Director’s Cut: David Shapiro – Buffett’s farewell, the AI giants & where smart money goes next
Veteran stockbroker David Shapiro reflects on Warren Buffett’s exit, the dominance of Nvidia and ASML, why SA bonds and property suddenly look attractive, and where real investment opportunities lie in today’s volatile markets.
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Jay Naidoo: Rebuilding South Africa’s leadership and values
Jay Naidoo reflects on COSATU’s 40-year legacy, South Africa’s democratic journey, and the sacrifices that shaped the nation. He speaks candidly about corruption, failed leadership, collapsing services, inequality, and the urgent need for values-driven renewal. Naidoo calls on citizens, business, and unions to reclaim integrity, rebuild trust, and drive meaningful change.
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Jabulani Khumalo: There are “coup” plotters in the Zuma camp
In his latest interview with BizNews, Jabulani Khumalo, the real founder of MKP, tells Chris Steyn that there could be more to the alleged human trafficking of South Africans to Russia. “This one for me is a coup. These people were sent to be trained so that when they come back, they can have a coup against our government.” Khumalo is speaking out following the resignation of former President Jacob Zuma’s daughter, Duduzile, following claims that she was the mastermind behind the “trafficking” of 17 South Africans. However, Khumalo says: "...it will never happen that Duduzile will do anything without…her father giving her instructions or coaching her what to do…" He warns: "They think they are the government themselves. They failed us as MK to get the two-third majority to govern the country. Now they want to govern in a very wrong way. We need to stop this woman…If the government doesn't stop them, then the petition must be done and people must start rioting against her." Giving an update on his legal battles to reclaim the party from Zuma, Khumalo says “…we are still waiting for a (new) court date…. The unfortunate part is that I am getting some threats now that January I won't see because of this case.” Meanwhile, Khumalo expresses concern that party funds are allegedly being used for personal spending by Zuma and his daughter. "Today MK is making millions and they're taking those millions for themselves....MK always has no money because when the money comes in, they just take it as if it's their tuck shop. "
South Africa