Gold Fields hires ex-Amplats boss Chris Griffith as CEO – Fin24
Gold Fields named former Anglo American Platinum boss Chris Griffiths as its new chief executive office as the company seeks a solution for its last gold mine in South Africa. Written by Felix Njini with commentary by Mandi Dungwa – portfolio manager at Kagiso Asset Management. view article
Veteran mining dealmaker plots M&A push before retirement – Moneyweb
South African mining dealmaker Neal Froneman is considering retiring in two to three years time, but would first like to double the size of Sibanye Stillwater. Article by Felix Njini with commentary by Mandi Dungwa – portfolio manager at Kagiso Asset Management. view article
Netcare fears medical aid cancellations – The Sunday Times
The financial duress consumers are under raises the risk that they could cancel medical aid membership, putting the likes of hospital group Netcare under increased pressure. Article by Nick Wilson with insight by Sarah le Roux – investment analyst for Kagiso Asset Management. view article
Trust deficit – Financial Mail
The company’s recent AGM was a long, grim affair, with difficult questions raised about excessive executive pay, climate change and the infamous Lake Charles project. But CEO Fleetwood Grobler remains upbeat about the future if the petrochemicals company. Article by Lisa Steyn with commentary from Abdul Davids – portfolio manager at Kagiso Asset Management. view […]
Sasol to sell its Gemini stake for $404m to its US partner – Business Day
Chemicals and energy group Sasol has agreed to sell its 50% stake in US-based polythene business Gemini for $404m (R6.2bn), the latest disposal as the group seeks to cut debt and avoid tapping shareholders. Article by Karl Gernetzky and Lisa Steyn with commentary from Abdul Davids – portfolio manager at Kagiso Asset Management. view article
Omnia gets its chemistry right in hard lockdown – Business Day
Chemicals, fertiliser and explosives group Omnia is upbeat about SA’s agricultural prospects, expecting sustained demand for inputs as favourable weather and prices underpin the sector. Article by Alastair Anderson with commentary by Aslam Dalvi – portfolio manager at Kagiso Asset Management. view article
Sasol to sell part of Lake Charles project as it mulls rights issue – Business Live
Chemicals and energy group Sasol has entered into a $2bn (R33bn) agreement to sell part of its Lake Charles business to multinational chemicals group LyondellBasell. By Karl Gernetzky and Allan Seccombe with insights from Abdul Davids – portfolio manager at Kagiso Asset Management. view article
Mondi’s earnings slip despite cost cuts – Business Live
Analysts, however, are positive about the paper and packaging group, saying it is well run, cash flow generative and resilient. Article by Karl Gernetzky with commentary by Dirk van Vlaanderen – portfolio manager for Kagiso Asset Management. view article
Boutiques are better…right – Blue Chip
The debate about whether it is better to invest in a boutique manager or a larger more established manager has been argued for years. It joins the list of value vs. growth, onshore vs. offshore, small cap vs. large cap, flat fee vs. performance fee and many other hotly contested comparisons. James Downie addresses the […]
Options amid the rubble – Financial Mail
There were some surprising names among the stocks that slunk to new 12-month lows this week. One might have thought that pretty much all the bad news was already priced in at cement maker PPC, food counter RCL and packaging stalwart Nampak. Not quite, it seems. Written by Marc Hassenfuss. view article