BizNews Radio

Alex Karp just proved that conviction moves markets. Palantir's overnight 29% jump has Wall Street rethinking what it thought it knew about the company, and Karp isn't shy about telling you why. Elon Musk lays out exactly how far ahead SpaceX and Starlink already are, and how much further they're going, while South Africa keeps arguing with itself about letting Starlink in at all. Add a fresh Johannesburg poll that's bad news for the ANC, a Sasol result the market punished despite strong numbers, and Glencore handing billions back to shareholders, and you've got a day where markets and voters were settling the same argument.

In their latest weekly chat, Chris Steyn and political commentator Solly Moeng talk about the headline-grabbing actions of former President Jacob Zuma and the headline grabbing non-action of current President Cyril Ramaphosa: Zuma appointing his son, Duduzane, as MKP’s Deputy President while Ramaphosa has been sitting on the second interim report of the Madlanga Commission for over two months. They also discuss News24’s turn-around on former IDAC chief Andrea Johnson, as well as DIRCO’s release of a photograph of US Ambassador Leo Brent Bozell and International Relations Minister Roland Lamola posing with big smiles after meeting. “I think it's a good thing that the outside world is watching South Africa because we can be fooled into a false sense of patriotism that works against us. Because these politicians in South Africa are smart. You know, we're all going…yeah, let's protect South Africa, but we're actually protecting the stuff that is working against us here at home. …We need politicians here to know that they cannot just do anything and tell us yeah, let's protect the country when we're actually protecting them.”

In todays Daybreak, AfriForum's CEO reveals an upcoming contempt of court case against Julius Malema for land grab calls. Paramount Group's founder warns of a potential uprising in South Africa. Locally, Nedbank report strong interim results, while a scam victim shares his R450,000 loss. Globally, SpaceX and AMD release earnings, and South Africa pitches a $180 billion energy plan to China.

Another BizNews tribe member has suffered a huge online trading platform loss. In this interview with Chris Steyn, Tommy Salem describes how he ended up on the FXSI platform after clicking on a clip showing AfriForum’s Kallie Kriel before losing R450 000 in two months. It was money Tommy could ill afford to lose: “I had a stroke. So I was at home for a year and I was busy with the therapy and that didn't work out and the company then decided to put me on permanent incapacity leave. ..That was money I received from my insurance and my incapacity benefit…it's painful to lose so much money…” In its response to BizNews, FXSI stated: “The complaint was received on 28 July 2026, acknowledged, and remains under formal investigation…As the matter is ongoing, it would be inappropriate to comment publicly on the allegations or speculate on the outcome.”

Ivor Ichikowitz turns sixty this year, and by his own account he's never felt more energised. As founder of Paramount, the defence and aerospace group he built into a business operating in twenty countries, he's used to controversy. But in this conversation with Alec Hogg, he's not talking weapons. He's talking about what his foundation's African Youth Survey reveals about a generation that trusts China more than America, doesn't believe in the ballot box, and might just take to the streets instead. He also has a stark warning for South Africa: Denel, the state defence company he helped build his own career alongside, may only have months, not years, left to save.