BizNews Radio

Counterpoint Value Fund manager Piet Viljoen shares his investment insight on a busy week of corporate activity for JSE-listed companies. The mining sector has been especially vibrant, with Sibanye-Stillwater, Impala Platinum and African Rainbow Minerals all announcing sizable deals. Private and listed property investment in South Africa is discussed, with Viljoen outlining that the glory days for REITs have come and gone. Aveng and AB InBev are looked at from an investment angle to wrap up the conversation.

In tonight’s episode of the BizNews Power Hour, Piet Viljoen breaks down the latest in the markets, plus the recent addition of Aveng in the BizNews Portfolio; Tim Modise weights in on local elections to be held next week results after interviewing two of the top three candidates for Joburg mayor; EOH CEO Stephen Van Coller; and Bernard Mostert on the court's ruling to finally liquidate Steinhoff.

In tonight’s episode of the BizNews Power Hour, Piet Viljoen breaks down the latest in the markets, plus the recent addition of Aveng in the BizNews Portfolio; Tim Modise weights in on local elections to be held next week results after interviewing two of the top three candidates for Joburg mayor; EOH CEO Stephen Van Coller; and Bernard Mostert on the court's ruling to finally liquidate Steinhoff.

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News headlines:

*The 2021 election could usher in a massive shift in SA’s political landscape, with the ANC for the first time admitting before an election that it is preparing for coalition talks, while the DA has signalled its willingness to co-operate with the ruling party.

*Transnet National Ports Authority, which manages all eight commercial ports in SA, is looking to increase tariffs by up to 24% in the 2022/2023 financial year — a move that has irked industry players and the Western Cape provincial government, which say the proposed above-inflation hike cannot be justified.

*Public enterprises minister Pravin Gordhan tried to assure South Africans that the lights would be on for election day, saying that load shedding would not disrupt voting.

News headlines:

*The 2021 election could usher in a massive shift in SA’s political landscape, with the ANC for the first time admitting before an election that it is preparing for coalition talks, while the DA has signalled its willingness to co-operate with the ruling party.

*Transnet National Ports Authority, which manages all eight commercial ports in SA, is looking to increase tariffs by up to 24% in the 2022/2023 financial year — a move that has irked industry players and the Western Cape provincial government, which say the proposed above-inflation hike cannot be justified.

*Public enterprises minister Pravin Gordhan tried to assure South Africans that the lights would be on for election day, saying that load shedding would not disrupt voting.

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In March 2020, some of South Africa’s richest families announced they will be donating R1bn each to help people affected by the fallout from the Covid-19 pandemic. It included Johann Rupert, Patrice Motsepe and Nicky Oppenheimer with Mary Oppenheimer and her daughters adding another R1bn. In October 2020, in an interview with BizNews, Jonathan Oppenheimer described the decision to channel the money into a trust, the South African Future Trust, which would support SMMEs as an “aha” moment for the family. He said it took just eight days to set up the trust with money flowing to beneficiaries a week later. The head of the South African Future Trust, Bridget Fury, told BizNews the small businesses they supported have proven to be extraordinarily resilient despite another shock in the form of  the July riots. – Linda van Tilburg

In March 2020, some of South Africa’s richest families announced they will be donating R1bn each to help people affected by the fallout from the Covid-19 pandemic. It included Johann Rupert, Patrice Motsepe and Nicky Oppenheimer with Mary Oppenheimer and her daughters adding another R1bn. In October 2020, in an interview with BizNews, Jonathan Oppenheimer described the decision to channel the money into a trust, the South African Future Trust, which would support SMMEs as an “aha” moment for the family. He said it took just eight days to set up the trust with money flowing to beneficiaries a week later. The head of the South African Future Trust, Bridget Fury, told BizNews the small businesses they supported have proven to be extraordinarily resilient despite another shock in the form of  the July riots. – Linda van Tilburg

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Veteran journalist and broadcaster Tim Modise has interviewed the top three party mayoral candidates from the ruling party, the DA and Action SA. Modise sat down with Alec Hogg to go over his findings on who will most likely rule over the city of Johannesburg after the local elections.

Veteran journalist and broadcaster Tim Modise has interviewed the top three party mayoral candidates from the ruling party, the DA and Action SA. Modise sat down with Alec Hogg to go over his findings on who will most likely rule over the city of Johannesburg after the local elections.

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Veteran mining analyst Peter Major sits down to discuss Impala Platinum’s prospective takeover of mid-tier precious metals producers Royal Bafokeng Platinum (RBP). The news follows Sibanye-Stillwater’s acquisition of a nickel and copper mine in Brazil for $1bn. Today, African Rainbow Minerals issued a cautionary announcement ahead of a prospective acquisition from competitors Anglo American. There is M&A mania in the air in the commodity sector, the likes of which has not been seen since the commodity bust 15 or so years ago. Despite traders and investors generally skittish about the flurry of deals in the resources sector, Major believes Impala’s prospective takeover of RBP makes sense given the synergies. RBP market value ballooned 20% following the announcement, adding over R6bn to its market cap. RBP is trading at a touch over R110 per share (as of the close of trade on Thursday) with a market cap of R32bn. A deal around the size of R40bn could be on the cards.