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Daily English South Africa Business · Investing
4,345 Episodes
360 – 380

View from the market and economy

Warwick Lucas, CIO of Galileo Asset Management & Prof Raymond Parsons, from School of Business and Governance at North West University
19 Mar 2021 9AM 24 min

Is this a new PGM paradigm?

It’s been a blisteringly red-hot run for the country’s platinum group metals miners. It’s worth repeating the recent earnings numbers. Amplats reported a record EBITDA of R41.6 billion, Sibanye Stillwater’s EBITDA increased by 230% year-on-year to more than R49 billion, Implats EBITDA rose by 231% to just over R25 billion…
18 Mar 2021 12PM 25 min

Exxaro results

Exxaro, which supplies coal to Eskom, has declared a record ordinary dividend after getting a boost from its best ever thermal coal exports and a weaker rand in its year to end-December. The group has also announced a special dividend and share buybacks after selling additional parts of mineral sands…
18 Mar 2021 12PM 12 min

View from the market

Chantal Marx, head of equity research at FNB Wealth and Investments
18 Mar 2021 12PM 10 min

Nedbank continues to deny state capture benefit

Nedbank full year 2020 results were broadly in-line with consensus expectations. The market was well-guided to a 57% decline in HEPS in line with the mid-point of the guided range. Nedbank Africa Regions saw the largest decline in headline earnings, declining 97% y/y in stark contrast to peers. Nedbank’s SADC…
17 Mar 2021 12PM 6 min

Curro de-risks the business

The market marked private education provider Curro’s full year results as class leading. 2020 was a year of de-risking with R1.5bn rights issue, paydown of R1bn of debt and the dividend suspended as well as reduced capex (-35% for 2020). Planning R1.1bn in 2021. As expected, some parents had a…
17 Mar 2021 12PM 21 min

Bioplastics require demand side interventions

The president recently reaffirmed South Africa’s commitment to net carbon zero by 2050 in his state of the nation address. Biomaterials, and bioplastics specifically, offer a potential decarbonisation option for the petrochemicals value chain. South Africa relies heavily on coal as an input into chemicals production and bio-based bioplastics have…
17 Mar 2021 12PM 25 min

View from the market

Wayne McCurrie, portfolio manager, FNB Wealth and Investments Martin Harris, premium client manager at IG SA
17 Mar 2021 12PM 11 min

Roundtable SMES in trouble

Darlene Menzies, Founder and Chief Innovation Officer at Finfind Tumi Sefolo, Executive Direct Lending Small Enterpise Finance Agency (SEFA) Muzi Mhlambi, Senior Manager The Banking Association South Africa (BASA) & Kantha Naicker, Chairman The South African Institute of Professional Accountants (SAIPA)
16 Mar 2021 12PM 24 min

View from the Market

Rob Towell, portfolio managers at Sasfin Securities & Henry Biddlecombe, Portfolio Manager Anchor Securities
16 Mar 2021 12PM 20 min
360 – 380