BizNews Radio

Former hedge fund manager and CFA James Gubb argues the AI boom is real, but many investors are backing the wrong winners. In this interview with Alec Hogg, he explains why Oracle's credit downgrade could signal deeper cracks, why OpenAI and hyperscalers face mounting pressure, how China's AI advances are reshaping competition, and why energy - not AI models - could deliver the biggest long-term investment opportunity. Is this another dot-com bubble, or something even bigger?

Veteran investor James Gubb joins BizNews Edge to cut through the AI hype, weighing today's data centre spending against history's biggest capital booms and explaining why he's backing energy and nuclear stocks over AI names themselves. Also on today's show: Sasol's operational turnaround continues even as its share price cools after a strong run, Nedbank locks in its East Africa expansion via Kenya's NCBA Group, and Kumba Iron Ore's ugly trading update lays bare the toll of a strong rand and Transnet's rail failures. Plus, why Thursday's Reserve Bank rate decision just got more hawkish.

In this interview with Chris Steyn, Independent Governance Expert Richard Chelin predicts that an impeachment of President Cyril Ramaphosa would have grave consequences for the Government of National Unity (GNU) - particularly in the light of Vice President Paul Mashatile’s keenness to work with parties other than the Democratic Alliance. “I think we will see some great fractures coming to the fore. Because we have to remember that there are very difficult political factions, some within the ANC themselves are willing to work with other parties besides the DA. And I would say it's going to be quite a tough time.” Chelin hails the latest development in the Tembisa Hospital looting scandal with President Cyril Ramaphosa’s nephew by marriage permanently forfeiting R326-million of assets. Chelin rates the overall performance of the GNU; examines the differences in effectiveness between the Zondo and the Madlanga commissions of inquiry; laments the “lack of teeth” of parliamentary committees; applauds the strong role played by civil society in enforcing proper governance through the courts; and slams political parties for clogging up the overburdened justice system. “There's quite a sad irony here because civil society goes to court to hold those in power to account. But then…political actors…weaponise the courts with their delaying tactics…”

In this episode of BizNews Daybreak, we cover global strikes in the US-Iran conflict, Red Sea shipping risks, Paramount's blocked merger, and new UK Prime Minister Andy Burnham. Locally, Parliament's Ian Cameron questions SAPS's R3.6bn senior leadership salary bill, Mayor Chris Pappas highlights uMngeni's governance model, Russell Lamberti proposes subnational AGOA trade reforms to protect businesses, and a new drive aims to register South Africa's informal waste pickers.

In April he told the country he was done, headed for the private sector. By July he'd changed his mind. Chris Pappas, the DA's rising star and mayor of the party's only municipality in KwaZulu-Natal, explains to Alec Hogg why nobody in his own caucus would take the job, what that says about the DA's succession problem, and why he thinks a 25 to 30% national showing is realistic for the party come November. Plus: Gayton McKenzie's R31 million World Cup bill, South32's big bet on copper, and the helium squeeze putting an obscure Free State gas field on the world's radar.