BNC#9 | Summerton Q&A: Winner-takes-all investing, stubborn boards, hostile bids, and the AI future

BNC#9 | Summerton Q&A: Winner-takes-all investing, stubborn boards, hostile bids, and the AI future

Author: BizNews September 8, 2026 Duration: 36:56
Rhys Summerton bought into a company that had lost 99.5% of its market value and told the independent directors their pay was being halved on day one. At BNC#9, the Milkwood Capital founder and iOCO joint CEO laid out how a fund manager turned operator actually runs the acquisition game: why control of the cash flow matters more than a board seat, why he thinks South Africa's King Code has been "not net positive" for corporate governance, why US executives paying themselves 4% of market cap is a warning sign, and why he wants nothing to do with companies burning billions on AI capex.

Tune into BizNews Radio for direct conversations with the people shaping markets and ideas. Hosted by BizNews, each episode sits down with a distinct voice-be it a pioneering entrepreneur from Johannesburg, a policy analyst in London, or an investor in New York-to unpack the stories behind the headlines. You’ll hear unfiltered perspectives on economic shifts, technological disruptions, and the strategic decisions driving companies forward. This isn’t about rehearsed soundbites; it’s a chance to listen as seasoned thought leaders and accomplished business people discuss their successes, their failures, and what they see coming next. The discussions are grounded, detailed, and always aimed at providing context that goes beyond the daily news cycle. For anyone curious about the forces influencing commerce and society, this podcast offers a valuable front-row seat to genuine insight. Find BizNews Radio wherever you get your podcasts.
Author: Language: English Episodes: 50

BizNews Radio
Podcast Episodes
Leon Kluge: The botanist turning South Africa's flowers into gold [not-audio_url] [/not-audio_url]

Duration: 42:44
Leon Kluge pulled off a hat-trick no South African had managed before: three straight gold medals at the Chelsea Flower Show, the world's most prestigious garden show. But this year's win very nearly didn't happen. Storm…
6 bodies found: Killing spree of “serial” rapist… [not-audio_url] [/not-audio_url]

Duration: 15:52
In this BizNews interview, Chris Steyn and Juanita du Preez, the national spokesperson for Action Society, talk about the killing spree of a suspected serial rapist (or group of rapists) in Ekurhuleni. By yesterday (Mond…
Jasmine Opperman: Hamas-SA: 14 Bitcoin wallets [not-audio_url] [/not-audio_url]

Duration: 18:38
In this week’s NdB Sunday Show, intelligence analyst Jasmine Opperman of Fulcrum Analytics, reveals to Chris Steyn that there are 14 active cryptocurrency wallets linked to Hamas in South Africa. “We know that Hamas has…