BizNews Radio

In the latest Electoral Road Show with Chris Steyn and analyst Supremo Wayne Sussman, he dissects the Democratic Alliance’s big Cabinet reshuffle, particularly the ministerial demotion of former party leader by the new leader Geordin Hill-Lewis, as well as the posts now allotted to the Willie Aucamp, David Maynier, Yusuf Cassim and Gauteng veteran Jack Bloom. “I think that Hill-Lewis had no choice and the DA had no choice but to move and act against Steenhuisen. Because it must have been looking at its polling and worrying about the Afrikaans voters. ...these new ministers and deputy ministers will have to show their mettle…and the DA will hope that it can arrest decline, certainly amongst Afrikaans voters, but also the voters it's been losing to the Patriotic Alliance.” Analysing the latest by-election results, Sussman describes EFF support “totally collapsing” in Buffalo City where it came close to being the second biggest party in 2024. As for Jo’burg Mayor Dada Morero first elevated and then removed as municipal intervention convenor for the province, Sussman says: “I think this says less about Dado Morero and more about the state of the ANC in Gauteng: that the infighting is vicious, that the contestation and competition is as fierce as ever, and this is not a good sign for the ANC a few months out of the Local Government Election.”

Today's Daybreak covers the landmark US-Iran peace deal and the Federal Reserve's unanimous decision to hold interest rates steady.

Alec Hogg analyses DA leader Geordin Hill-Lewis's strategic cabinet demotion of Agriculture Minister John Steenhuisen.

We also unpack SpaceX's massive $2.52 trillion IPO valuation, the Western Cape's expanding provincial policing powers, and South Africa's missed exploration opportunities despite holding the world’s largest remaining gold endowment.

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?