PBD Podcast
“South Africa's Economic Genocide" - Entrepreneur Rob Hersov SLAMS Corrupt Gov't, Zuma & Racist Laws | PBD Podcast | Ep. 589
Wed, 21 May 2025
South African billionaire Robert Hersov joins Patrick Bet-David to expose the corruption destroying his country. From working with Rupert Murdoch to confronting Jacob Zuma’s regime, Hersov breaks down South Africa’s economic decline, rising racism, and his call for U.S. action. A rare insider take on a nation that once promised a bright future.-----👕 THE LATEST VT MERCH: https://bit.ly/3BZbD6l📕 PBD'S BOOK "THE ACADEMY": https://bit.ly/41rtEV4📰 VTNEWS.AI: https://bit.ly/3OExClZ🎙️ FOLLOW THE PODCAST ON SPOTIFY: https://bit.ly/4g57zR2🎙️ FOLLOW THE PODCAST ON ITUNES: https://bit.ly/4g1bXAh🎙️ FOLLOW THE PODCAST ON ALL PLATFORMS: https://bit.ly/4eXQl6A📱 CONNECT ON MINNECT: https://bit.ly/4ikyEkC👔 BET-DAVID CONSULTING: https://bit.ly/3ZjWhB7🎓 VALUETAINMENT UNIVERSITY: https://bit.ly/3BfA5Qw📺 JOIN THE CHANNEL: https://bit.ly/4g5C6Or💬 TEXT US: Text “PODCAST” to 310-340-1132 to get the latest updates in real-time!ABOUT US: Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
Chapter 1: What are the issues facing South Africa's economy?
I'm putting myself at risk here, by the way. We've got lunatics running the asylum. What can you tell us about him? President Cyril Ramaphosa. Complete gangster. Rogue. Villain. So have you spent any time with Elon Musk? The South African government said to Elon Musk, if you want to bring Starlink to South Africa, you've got to give 30% of your business to a black person and we'll tell you who.
Who said this? Jacob Zuma? Our government says it. It's a government policy. We get poorer every year. The country is falling apart. With youth unemployment at 61%. Highest in the world. How? South Africa is Germany in the early 1930s. They're pushing anti-white racism. and socialism by the day. And let me give you the worst of it. Tell me more.
These are the things he is saying publicly with 100,000 people in the stadium. He says, kill the borough. One farmer, one bullet. We will slit the throat of whiteness.
It's from South Africa and you think it's a fraud what they did to diamonds.
De Beers is sitting on a mountain of unsold diamonds. The best short in the world.
You say you're a minimalist. Don't you have a $30 million property like in Dubai or something? Like a vacation property or no? Okay, so we like three things.
It's right here.
I don't think I've ever said this before.
Okay, so there's a lot of news about South Africa today, and so happens we have a very special guest here with us, Robert Herzog, from South Africa. Three fun facts before we get started. Number one, he's had three hole-in-ones in golf. Number two, he was the first director on Fiji Water, okay? First director when Fiji Water came out. He was on the board. And number three...
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Chapter 2: How is the South African government influencing business?
Good. They're crazy though, but that's a different conversation. This is good crazy. And she said, what are you going to do after business school? I said, I don't know. I'd like to get into the media business. And she said, oh, you should meet Stan Schumann. He's one of the Allen & Company heads. Remember, this is 1989. I had the most extraordinary interview ever. With Stan. Wait.
I went to see Stan Schumer at Allen Company. Stan said, you're Rob. You want to be in the media business. I'm a media investment banker. So you're in the wrong place. You need to actually consider News Corp. And I'm on the board of News Corp. He was at the time. And I'm going to introduce you. Before you meet Rupert, you need to meet John Evans. He's the visionary.
I haven't said a word, by the way. I've said hello. I haven't said a word. So he calls the secretary. He says, call John Evans. Tell John I'm sending Rob Herself, South African, to see him. Gave me the address. I shook his hand, left. Haven't said a word. Walked down to Harper's and HarperCollins, which is owned by News Corp.
89.
So in supermarkets, I'm following.
I'm still at Harvard Business School. So he says, in supermarkets, the fish need to be near the chips. And he's talking about these weird things. For 20 minutes he talks. I still haven't said a word. And he said, well, if you want to work for News Corp, you've got to meet Rupert. So hold on. Calls Rupert. Says, I've got this guy, Rob, Rob, from South Africa, Harvard MBA. Yeah, sorry about that.
Yeah, he can come and see you right now. Gives me Rupert's address, 1211 6th Avenue. Sends me. Still haven't said a word in my interview. get to Rupert, walk in, he goes, you must be Rob. I go, yeah, please sit down. Rob, what do you think the future of the media industry is? And I go, technology? And he goes, no, it's content. And then he spoke for 15 minutes about why content, which was correct.
And then he said, okay, you're hired. What are you going to do for me? I've said one word in three interviews. I've got a job.
Just because of who sent him? Just because of the redhead.
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Chapter 3: What is 'Black Economic Empowerment' and how does it affect business?
And if I can give a terrifying analogy, South Africa is Germany in the early 1930s. The white minority are being boiled like frogs. There's an economic genocide taking place with black economic empowerment, with expropriation without compensation, with the destruction of the economy. The potential, potential hasn't begun yet, disarming of the population. Tell me more.
Donald J. Trump offered refugee status to white Afrikaner farmers, and then he expanded it, I think, in the last few days to mean any minorities in South Africa being persecuted. And the persecution is definitely in place economically, and it's beginning culturally. Our government have flown over here to try and tell Donald Trump there is no genocide.
Let me talk about farm murders in South Africa. Our commercial farming population is 30,000 farmers. The American commercial farming population is 3 million. It is three times more dangerous being a farmer in South Africa than a policeman and twice as dangerous being a policeman than an average citizen.
Farm attacks are not only attack and then 30% to 40% are murders, but it's torture of the most horrific kind and rapes. Not just white farmers, but mainly white farmers. And the South African government police has done nothing to protect these farmers. Cyril Ramaphosa claims the problem doesn't exist. South Africa is a violent society.
But how come so many farmers have been attacked, murdered, raped in South Africa? And if you extrapolate, if you take a pro rata number of South African farmers attacked and murdered and killed to the American population, over the last 20 years, 233,000 American farmers would have been murdered. And you don't think that's some form of genocide? It's horrific. So look at Germany in the 1930s.
Look at what's happening in South Africa. No wonder so many people are leaving. No wonder Donald Trump has said they get refugee status.
Why do you think the reaction to the 58 refugee that was given, being white, why do you think the reaction has been the way that it's been with the media?
Because the left-wing media want to see brown faces from Sudan escaping camps, ducking border guards. But the persecution is much the same. If you're a white South African, you're having 30 years of anti-white racist laws being put in place. What future do you have? South African businesses are now being told who they can hire and who they can't fire.
I had a senior politician three days ago say, it is immoral that 98% of top executives are white. I went, no, it's not 98%. It's 62% because I had a rob in the audience. I said, Google it. He went 62%. But they were really starting to say, The racial breakdown of South Africa needs to equate to the corporate breakdown, to the everything else breakdown. 7% of the population are white.
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Chapter 4: What are the dangers of anti-white racism in South Africa?
Chapter 5: What is the current state of foreign investment in South Africa?
Chapter 6: How does the history of apartheid still impact South Africa?
Chapter 7: What is the significance of farm attacks in South Africa?
Let me say to you, I have had, Elon Musk is South African born American now. I have had discussions with him. and have said, Elon, you've become so successful and you are investing in a variety of countries. I want you to come home and invest here. So he and I are going to have a further discussion about a variety of things.
Whatever one may think about him, he is a hugely successful business person. And having had those discussions with him, to advance the interests of South Africans. And he runs widespread businesses. And in many ways, he's already invested in South Africa through his ex-online process, which used to be Twitter. So he's already present in our lives as South Africans.
will be taking further discussions about how we can attract... What's the likelihood of that happening?
Zero. Zero. Zero. Elon Musk and Donald J. Trump know that it is absolutely pointless investing in South Africa. All you're doing is rewarding the ANC for their socialist and racist policies. The three fundamental bases need to be tomorrow, need to be... We will not do trade with you. We will not help you.
In fact, we're going to punish you unless you repeal black economic empowerment laws, expropriation without compensation, and you withdraw the Iran-funded ICGA case against Israel. Iran funded the ANC to put that case against Israel. Iran funded the ANC, they sent money to the ANC, and part of that money allowed the ANC, on behalf of Iran, to file the ICJ genocide case against Israel.
And this is when, so the acronym IGCA... refers to the International Court of Justice, South Africa against Israel, formally titled, Application of the Convention of the Prevention and Punishment of Crime, Genocide in Gaza. Here's a breakdown of the key aspects of it.
Allegation, South Africa accuses Israel of committing genocide against Palestinians in Gaza, violating the 1948 Genocide Convention. The application points to actions like killing Palestinians, causing serious harm, deliberately creating conditions to destroy the group and preventing... Why would South Africa, of all the countries in the world,
out of the blue, accuse Israel of genocide through ICJ. Are they the first one that did it? They're the only ones that did it. And you know why they did it? Iran paid them to do it. Just type in Iran funding ICJ case.
Yes, Iran did fund the support of ANC, African National Congress, during the anti-apartheid struggle, particularly in the 80s, although the support was relatively limited compared to other international backers like the Soviet Union, Cuba, and Scandinavian countries, but it did.
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