BizNews Radio

Spear REIT CEO Quintin Rossi unpacks the Western Cape focused real estate company's interim numbers.

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Mining guru Peter Major dissects Sibanye-Stillwater’s $1bn dollar acquisition of the Santa Rita nickel mine and Serrote copper mine in Brazil. The acquisition, which is an inflection point in terms of Sibanye’s direction going forward, is aimed at targeting metals that will play an influential role in the ‘green’ economy of the future. Renowned deal-maker and Sibanye CEO, Neal Froneman, previously made his intentions clear on BizNews – and Tuesday’s shareholder conference call – that ‘green’ metals are commodities that will bear fruit for the diversified miner in the years to come. Major, however, has a different view. He’s concerned the ESG (environment, social and governance) mania has possibly pushed these metals to above fair value, suggesting Froneman may be overpaying for these assets. A similar theme played out at the end of the previous commodity boom, where miners were bullish on M&A activity, only to be left in the dust when the frenzy settled.

Mining guru Peter Major dissects Sibanye-Stillwater’s $1bn dollar acquisition of the Santa Rita nickel mine and Serrote copper mine in Brazil. The acquisition, which is an inflection point in terms of Sibanye’s direction going forward, is aimed at targeting metals that will play an influential role in the ‘green’ economy of the future. Renowned deal-maker and Sibanye CEO, Neal Froneman, previously made his intentions clear on BizNews – and Tuesday’s shareholder conference call – that ‘green’ metals are commodities that will bear fruit for the diversified miner in the years to come. Major, however, has a different view. He’s concerned the ESG (environment, social and governance) mania has possibly pushed these metals to above fair value, suggesting Froneman may be overpaying for these assets. A similar theme played out at the end of the previous commodity boom, where miners were bullish on M&A activity, only to be left in the dust when the frenzy settled. 

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Steven Nathan joins Alec Hogg to discuss the BizNews Share Portfolio, among other things. The Share Portfolio has been going for nearly seven years now, with the most recent addition being Aveng. Nathan comments on portfolio construction, giving his thoughts on structuring your investments. "You might be 30 years old [and] your retirement horizon is 35 years. Your objective is to say, when I hit 65, I want to have the biggest retirement pot possible, without being silly along the way." He also comments on Aveng, giving a brief overview of the company.

Steven Nathan joins Alec Hogg to discuss the BizNews Share Portfolio, among other things. The Share Portfolio has been going for nearly seven years now, with the most recent addition being Aveng. Nathan comments on portfolio construction, giving his thoughts on structuring your investments. "You might be 30 years old [and] your retirement horizon is 35 years. Your objective is to say, when I hit 65, I want to have the biggest retirement pot possible, without being silly along the way." He also comments on Aveng, giving a brief overview of the company.

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News headlines:

*South Africa’s government delayed Finance Minister Enoch Godongwana’s maiden budget for a second time.

*Former South Africa President Jacob Zuma lost his legal bid to have the state prosecutor in his corruption trial dismissed on the grounds that he wasn’t independent and impartial.

*Eskom has announced that Stage 2 load shedding will be implemented from 09:00 on Tuesday until 05:00 on Saturday.

News headlines:

*South Africa’s government delayed Finance Minister Enoch Godongwana’s maiden budget for a second time.

*Former South Africa President Jacob Zuma lost his legal bid to have the state prosecutor in his corruption trial dismissed on the grounds that he wasn’t independent and impartial.

*Eskom has announced that Stage 2 load shedding will be implemented from 09:00 on Tuesday until 05:00 on Saturday.

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TreasuryOne’s Andre Cilliers leads this week’s currency focus with the ever-volatile rand remaining firm against all the major currencies. Central banks around the world are slowly starting to put a lid on the extremely accommodative monetary policy stance that has seen economies recover much faster than expected. These policy decisions – not only by the South African Reserve Bank but other central banks, too – will be critical in determining the direction in which the rand will head. Cilliers notes that the basket of emerging currencies as a whole are somewhat dependent on each other; the rand has been flavoured with Turkish delight as it cut its interest rate for the second straight meeting.

TreasuryOne’s Andre Cilliers leads this week’s currency focus with the ever-volatile rand remaining firm against all the major currencies. Central banks around the world are slowly starting to put a lid on the extremely accommodative monetary policy stance that has seen economies recover much faster than expected. These policy decisions – not only by the South African Reserve Bank but other central banks, too – will be critical in determining the direction in which the rand will head. Cilliers notes that the basket of emerging currencies as a whole are somewhat dependent on each other; the rand has been flavoured with Turkish delight as it cut its interest rate for the second straight meeting.  

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In this episode of the BizNews Power Hour, David Shapiro on US tech shares, Ascendis Health, Bell Equipment and Sibanye Stillwater; DA's mayoral hopeful Dr Mpho Phalatse on her plans for Joburg should the party win back the city; Alex Gabriel, managing director of the Cape Town Opera discusses the business side of the organisation and coming back from the Covid-19 lockdown; and TreasuryONE's currency strategist Andre Cilliers unpacks the local and international currency movements for this past week.