Important link between South Africa’s mining industry and its public capital market is broken – Mining Weekly
With South Africa needing more listings on its stock exchanges, what can be done to encourage companies in general and junior mining companies in particular to go public? Written by Martin Creamer. view article
Sasol back in the black on higher oil and chemical prices – Business Day
Chemicals and energy group Sasol expects to return to profitability in the year to end-June, boosted by a recovery in chemicals prices and higher oil prices in rand terms. Full-year headline earnings per share are expected to be as much as R41. Article by Andries Mahlangu with insights from Abdul Davids, head of research for […]
Sasol gets bump from higher oil prices after battling bad weather – Business Day
Chemicals and energy group Sasol says bumper oil prices helped offset a fall in chemical production in its year to end-June, with the group’s turnaround still on track as it deals with the fallout from delays and cost overruns at its US Lake Charles project. Written by Karl Gernetzky with commentary by Abdul Davids, head […]
Iron-ore price makes for positive outcomes – Mining Weekly
Although China accounts for more than 65% of iron-ore demand – making it home to some of the industry’s largest customers – the persistent slowing of the Chinese economy and drop in iron-ore prices in 2015 resulted in local miners having to restructure their businesses to adapt, consequently enabling them to capitalise on the price […]
As expected, the Naspers-Prosus share exchange goes ahead – Eminetra
As expected, the majority of Prosus shareholders voted in favor of a complex new attempt to raise the share price, along with the share price of its parent company, Naspers. Article by @ernestalonso. view article
Sasol CFO Paul Victor quits after six years at the helm – Business Day
Sasol CFO and long-serving employee Paul Victor has resigned from the company after a tumultuous year in which the group’s balance sheet was brought to the brink and then pulled back, ultimately averting a rights issue. Article by Lisa Steyn with commentary by Abdul Davids – head of research for Kagiso Asset Management. view article
Aandele dryf konserwatiewe plaaslike fondse aktief aan – Finweek Afrikaans
aandelemarkte het onlangse jare hiredie en daardie kant toe gespring, met Suid-Afrikaanse aandele geen uitsondering nie. Die afgelope jaar het ons gesien hoe die FTSE/JSE-indeks van alle aandele sowat ‘n derde van sy waarde inboet, maar dit is nou reeds meer as 35% hoer as in Maart 2020. Deur Leon Kok. view article
Naspers at crossroads as 36 activist investors question share swap, management alignment – BizNews
A number of South Africa’s top asset managers have teamed together against the complex shareholding structure and lack of management alignment in South Africa’s two largest businesses – Naspers and Prosus. Written by Justin Rowe-Roberts. view article
Medical aid membership still resilient in weak economy, says Netcare – Business Times
South Africans are prioritising medical aid membership despite rising unemployment amid the pandemic, supporting Netcare’s partial recovery as elective surgeries resume. Article by Nick Wilson with commentary by Mohamed Mitha – investment analyst for Kagiso Asset Management. view article
Dis-Chem reinstates its dividend — sales hold up in the Covid-19 pandemic – Business Maverick
Covid-19 has brought mixed fortunes for the discount pharmacy and healthcare group, but administering vaccines has the potential to bring new customers through its doors. Article by Stephen Gunnion with insights from Sarah le Roux – investment analyst for Kagiso Asset Management. view article