BizNews Radio

Mark Burke discusses Kastelo’s regulatory dispute with the South African Reserve Bank, explaining the company’s compliance processes, client mandates, offshore investment transactions and decision to halt operations amid the blocking order. He also addresses the political fallout, media coverage and his decision to step back from the DA’s finance cluster. Burke maintains that Kastelo acted within the regulatory framework, while insisting the controversy should be allowed to run its course and that investigations must establish the facts.

South African swimming legend Chad le Clos has made history, becoming the most decorated athlete in Commonwealth Games history with 21 medals., In this interview with Biznews, Chad and his father, Bert, reflect on a nine-year quest to reach this milestone, which is a journey Chad says ranks alongside his iconic 2012 Olympic gold. However, this athletic peak was met with a personal disaster: a blaze at his Sea Point apartment in Cape Town. While Chad was overseas, the fire gutted his home, destroying irreplaceable trophies like his Sportsman of the Year and provincial awards. Even his car keys melted inside the flat, leaving his vehicles stranded outside. Despite the loss, the le Clos family remains focused on the future. Chad talks about his "Last Dance" targeting the LA 2028 Olympics and the expansion of the Chad le Clos Academy with Virgin Active, We also hear the of how Chad's career inspired Bert to lose 40kg and become "a better person". – Linda van Tilburg

There are more online ads sold and paid for every single day than there are human beings on earth to consume those ads. That is the revelation from Marc Dhalluin of TruthsetsOnline, a South African based in Los Angeles, whose passionate mission is fighting global ad fraud. He talks to Chris Steyn about his mentor Dr Augustine Fou; the methods they use to uncover ad fraud, the types of ad fraud out there; fhow AI has “on the criminal side of it, improved in unbelievable leaps and bounds the rate at which these schemes can be deployed”; the millions of fake websites and fake apps loading ads: and the billions lost by brands who are not getting what they think they are paying for. “Everybody in the supply chain benefits from it…The only party that does not benefit is the one who signs the cheque, the brand, the brand team, the advertiser…It doesn't mean everybody's complicit. It doesn't mean everybody's creating it, but they're sure as chips benefiting from the volumes generated by the fraud.” Dhalluin shares usefule advice for brands to better protect themselves.

Today's episode explores the aftermath of the Steinhoff crash with previously unseen texts from Markus Jooste. We also unpack how Naspers secured its legendary $33 million Tencent deal despite tough negotiations. In sports, Chad prepares for his "last dance" at the LA 2028 Olympics. Finally, we cover Wall Street's slump driven by rising Treasury yields and a notable dip in retail stocks.

Buy anything worth $600 billion and you can't lose money, says Milkwood Capital's Rhys Summerton. That's the easy trade. The hard one is spotting a great serial acquirer before the market notices, and Summerton has the scars and the returns to prove it. He walks through the five things he looks for before backing management with a chequebook, tells the inside story of turning a forgotten R4 industrial stock into a South African ten-bagger, and explains exactly what went wrong when EOH's acquisition machine chased earnings straight into a near R100 billion wipeout. Along the way: why passive investing is starving thousands of small companies of capital, and why a tax loss might be the most underrated asset on any balance sheet.