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Rob Hersov Rollout Gets an Airport in the Western Cape

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PAGE 2 PAGE 4 PAGE 7 NEWS// GLOBAL INVESTING// PERSONAL FINANCE// ORANGE ONESIE FOR US STOCKS NOT IN INVESTING FOR MARKUS JOOSTE? DANGER ZONE BEGINNERS BizTHE RATIONAL PERSPECTIVENewsDigest WWW.BIZNEWS.COM SATURDAY 06 MARCH 2021 BIZNEWSCOM Building the Lanseria Airport BRIEFS SA vaccine of Cape Town - Rob Hersov rollout gets an airport in the Western Cape. R500m is outspoken views Fisantekraal Airport – located just boost on the South African 13 km away from Durbanville – was government and what built in 1943 by the British, says Hneeds to change made him a Hersov, and has four runways. “We fan favourite with the BizNews want to build the Lanseria Airport FirstRand community. of Cape Town. We’re renaming it Rob Hersov – who has worked Cape Winelands Airport.” declares with Rupert Murdoch and Johann With four runways, Hersov’s Cape Rupert – joined the BizNews Power Winelands Airport bests Cape Town 110c Hour to discuss his exciting African International, which currently has Gold SPAC. just one runway. Interestingly, OR Tambo – South Africa’s biggest interim dividend airport – has just two runways. Read also: Hersov is no stranger to the aviation Hersov’s African Gold SPAC industry, founding Marquis Jet raises ‘more-than expected’ Europe – which he later sold to $360m ahead of listing SA probes Warren Buffett. According to Bloomberg, the “Buffett called me in 2004 and SPAC is targeting gold assets on said, ‘I’m buying your business’,” R2bn the African continent and ‘raised said Hersov to Alec Hogg in an a more-than-expected $360m ahead interview last year. Eskom fraud of a listing in New York on Friday. Rob Hersov is a South African entrepreneur, senior executive and private The 60-year old businessman joked investor based in Cape Town. Listen to the full interview on that his mining magnate father – Spotify Basil Hersov – laughed when he was I told him what I was doing. He are, aged 60. He thought it was so Covid-19 plunges told about his son’s latest business said, ‘you’ve tried everything in funny.” Brutally honest Rob Hersov endeavour. your career to avoid getting into In a BizNews exclusive, Hersov on Ruperts, coming home; ACSA into “He really burst out laughing when the mining industry and here you also revealed that he has purchased unseating ANC R1.47bn Ramaphosa’s promises Covid-19 in Africa Sarkozy found guilty Mashaba v Steenhuisen half-year loss President Cyril Ramaphosa pledges The coronavirus may permanently Former French President Nicolas DA leader John Steenhuisen has to target nepotism, political establish itself in Africa unless more Sarkozy was found guilty of trying accused Action SA founder Herman interference, and corruption in the is done to ensure the expeditious roll to bribe a magistrate. He received Mashaba of failing the political public sector but BizNews readers out of Covid-19 vaccines, says John a three-year prison sentence, two party when he served as mayor of Brimstone are not counting on it. Nkengasong of the Africa CDC. years of which are suspended. Johannesburg. pays over Read the article here Read the article here Read the article here Read the article here R1bn in debt repayments Subscribe here for your weekly BizNewsDigest Subscribe now 2 | SATURDAY 06 MARCH 2021 WWW.BIZNEWS.COM NEWS Will Markus Jooste finally don orange pyjamas? Markus Jooste faces charges relating to accounting violations, which took place in Germany. South Africa's Financial Sector Conduct Authority fined the former Steinhoff CEO and three associates a total of R241m for insider trading-related DOWNLOAD THE FREE breaches ahead of the dramatic collapse of the company’s share price in late 2017. South Africans were outraged when BIZNEWS.COM APP Jooste wasn't arrested for his crimes, which wiped out fortunes, including those of Christo Wiese. Steinhoff is currently working on agreements to settle multi-jurisdictional claims against it, and it seems Jooste has his own international litigations to contend with. – Melani Nathan By Karin Matussek and John Bowker BN loomberg – Former Steinhoff Click on the links below to International Holdings NV Chief Executive Officer Markus Jooste is download your own free Bamong four people charged in Germany BizNews.com App for accounting violations, a person familiar with the investigation said. The charges were filed about four months ago, according to the person who declined to be identified because the indictment hasn’t been made public. Prosecutors in the German city of Oldenburg said they may issue a statement about the case on Thursday. The indictment covers accounting violations in Germany, the person said. Jooste’s German lawyer in an interview Thursday called the been named by the company as central to a allegations inaccurate. web of fraudulent transactions that artificially The charges are the first criminal cases related © Zapiro (All Rights Reserved). Originally published in Daily Maverick. inflated profit and asset values over several to the scandal that brought the retailer, based years. He has denied the allegations. in South Africa and listed in Frankfurt, to sign off on the company’s financial statements collapse. Manager Magazin reported the charges earlier the brink of collapse. Deloitte LLP refused to in 2017, triggering a dramatic share-price Jooste resigned the same day, and has since this week. Right of response – ‘Kung-Flu PANDA’ if you had to choose between your job and wrong about the risk posed by beaches. PANDA your volunteer work for a non-profit? Without members fought hard to show that beach By Nick Hudson PANDA’s voice, South Africa would be without closures caused economic devastation with any substantive counter to the government concomitant health outcomes (the Western ot on the heels of the Jacques narrative. This would enable government Cape government put the cost at R120m a Pauw fiasco, the Daily Maverick overreach and the corruption of science in month) despite there being no proven risk are at it again, publishing a flaky, the perpetuation of novel, authoritarian and associated with beaches. PANDA was right Hconspiracy theory attack on PANDA unsuccessful public health policies. about beaches and Davis was wrong. There is (“Kung-Flu PANDA”). Although they were When Daily Maverick says that PANDA’s ideas a certain arrogance involved in assuming that sanctioned by the Press Council only weeks are dangerous, they make a novel argument in you have a right, if not a responsibility to steer ago for failing to grant a right of reply, Daily favour of limitation of free speech. What they the public in the direction of what you think is Maverick has refused PANDA a right of suggest is that the virus can only be beaten by the “scientific consensus”. Knowledge creation reply. Our reply is published below but lockdowns, the sustenance of which is only proceeds only by conjecture and criticism, so before we get into the detail of the reply, we possible in an authoritarian environment “scientific consensus” is itself an unscientific think it important that the reader recognise in which pro-lockdown (government) construct. When institutions like Daily the broader context. propaganda goes unchallenged. What they Maverick choose to suppress information At stake is a crucial aspect of free speech. are really saying is that if the public believes through de-platforming and cancel culture, Though the Daily Maverick may consider that Nick Hudson is a co-ordinator at PANDA. that the restrictions on their fundamental are they conscious of the long-term impact PANDA’s speech is inconvenient, it certainly freedoms are irrational, they may resist such of what they are foisting onto South Africa’s does not constitute hate speech or defamation personal information about selected members restrictions. It is a patriarchal view of the role democracy? – two accepted limitations on free speech. and their employers knowing that it was of journalism in democracies. Yet the clear intention of the Daily Maverick irrelevant to the topic of the article can have One of the authors of the article, Rebecca Read the full article here article is to silence PANDA’s voice. Publishing had no other purpose. What would you do Davis, recently admitted that she had been OrbVest takes the worry out of growing your wealth by providing safe and compliant access to previously unattainable global real estate investment opportunities. FIND OUT HOW Global Real Estate Investment - Orbvest Specialized Investment | Medical Commercial Property Investment Portfolio 3 | SATURDAY 06 MARCH 2021 WWW.BIZNEWS.COM BIZNEWS POWER HOUR Heystek on Regulation 28 IN SHORT In the inaugural episode of the BizNews Power Hour, Brenthurst Wealth Management founder Ramaphosa targets corruption in public service Public consultations have begun on a policy document that will target Magnus Heystek joined Jackie Cameron to discuss new draft amendments to Regulation 28 nepotism, political interference and corruption in public service, – which governs the way pension funds can allocate your assets. The proposal is the South President Cyril Ramaphosa said. The public service must be staffed African government’s ‘response calls for retirement funds to help pay for national; infrastructure by men and women who are professional, skilled, selfless and honest, investment’, says Cameron. Magnus Heystek weighs in on how this all works, his thoughts on he said, having promised to rid the government of corruption when the proposal and the lack of proposal to allow greater access to offshore investments. he took over running the country.
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