BizNews Radio

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Steven Nathan; Stephen Van Coller on righting EOH wrongs; Jean-Pierre Verster favours Naspers share swap; mining veteran Peter Major weighs in on the new Anglo Gold CEO and the BizNews Power Hour Team.

News headlines:

*The world’s deepest precious-metals mines, together with giant iron-ore and coal pits are providing an unexpected boon to a South African economy slowly recovering from its biggest contraction in a century.

*AngloGold Ashanti Ltd. appointed former BHP Group executive Alberto Calderon to its top job, ending a nearly year-long head hunt that’s weighed on the shares of the No. 3 gold producer.

*The government will most likely extend the two-week adjusted level four lockdown regulations as Covid-19 cases in South Africa continue to rise.

*South Africa’s ruling African National Congress distanced itself from former President Jacob Zuma’s attempt to discredit the Constitutional Court after it found him guilty of contempt, and slated threats by his supporters to block the authorities from arresting him.

News headlines:

*The world’s deepest precious-metals mines, together with giant iron-ore and coal pits are providing an unexpected boon to a South African economy slowly recovering from its biggest contraction in a century.

*AngloGold Ashanti Ltd. appointed former BHP Group executive Alberto Calderon to its top job, ending a nearly year-long head hunt that’s weighed on the shares of the No. 3 gold producer.

*The government will most likely extend the two-week adjusted level four lockdown regulations as Covid-19 cases in South Africa continue to rise.

*South Africa’s ruling African National Congress distanced itself from former President Jacob Zuma’s attempt to discredit the Constitutional Court after it found him guilty of contempt, and slated threats by his supporters to block the authorities from arresting him.

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A piece on Bloomberg (head over to BizNews.com to read it) noted that the old South African mines have, in fact, rescued the country from a very dire economic situation. Bloomberg reports that "surging demand and prices for commodities including platinum-group metals, iron ore, manganese and coal are generating record mining-company profits and bolstering government revenue." Joining BizNews founder Alec Hogg to discuss this is veteran mining analyst, Peter Major. "To say old mines are saving us - I take a little bit of offence to that. It's like saying these old I.T companies are really saving the [United] States. Because a mine is old doesn't mean it isn't profitable or doesn't have a long life."

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A piece on Bloomberg (head over to BizNews.com to read it) noted that the old South African mines have, in fact, rescued the country from a very dire economic situation. Bloomberg reports that "surging demand and prices for commodities including platinum-group metals, iron ore, manganese and coal are generating record mining-company profits and bolstering government revenue." Joining BizNews founder Alec Hogg to discuss this is veteran mining analyst, Peter Major. "To say old mines are saving us - I take a little bit of offence to that. It's like saying these old I.T companies are really saving the [United] States. Because a mine is old doesn't mean it isn't profitable or doesn't have a long life."

EOH chief executive Stephen van Coller joins BizNews founder Alec Hogg on the BizNews Power Hour on the day of another setback for the once high flying darling of the local bourse. EOH has been plagued by legacy issues, following years of fraud and corruption. Van Coller, who is adamant to save an under fire business, is a well-respected level-headed corporate executive with previous stints in banking and telecommunications. Although it has been and will continue to be a long-winded process, Van Coller says that saving jobs and a good underlying business is of utmost importance.

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EOH chief executive Stephen van Coller joins BizNews founder Alec Hogg on the BizNews Power Hour on the day of another setback for the once high flying darling of the local bourse. EOH has been plagued by legacy issues, following years of fraud and corruption. Van Coller, who is adamant to save an under fire business, is a well-respected level-headed corporate executive with previous stints in banking and telecommunications. Although it has been and will continue to be a long-winded process, Van Coller says that saving jobs and a good underlying business is of utmost importance.

As we age, there's a gradual decline on strength, power and aerobic capacity - if we don't exercise. From the age of 40, about 90g of muscle is lost each year. By the time you've reached 50, aerobic capacity (in non-athletes) decreases by 16%. This is according to Professor Peter Herbert from the Centre for Health and Ageing at the University of Wales Trinity Saint David. Herbert has focused his attention on finding out if there are any workouts that will halt this gradual decline as we age. Here's the good news - in a recent paper published in ‘Experimental Gerontology’, he revealed that his research proves it was possible to reduce your biological age through exercise. Herbert told BizNews that the workouts that do make a difference are not only for athletes.

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As we age, there's a gradual decline on strength, power and aerobic capacity - if we don't exercise. From the age of 40, about 90g of muscle is lost each year. By the time you've reached 50, aerobic capacity (in non-athletes) decreases by 16%. This is according to Professor Peter Herbert from the Centre for Health and Ageing at the University of Wales Trinity Saint David. Herbert has focused his attention on finding out if there are any workouts that will halt this gradual decline as we age. Here's the good news - in a recent paper published in ‘Experimental Gerontology’, he revealed that his research proves it was possible to reduce your biological age through exercise. Herbert told BizNews that the workouts that do make a difference are not only for athletes.

Hedge fund guru Jean-Pierre Verster unpacks all the topical investment matters with specific focus on what's happening in China, given the regulatory crackdown surrounding Big Tech. He talks about his methodical approach when it comes to short-selling, having altered his mindset following events such as GameStop. And given the importance of the US to global financial markets, he shares insight on the lofty valuations in the States that seemingly go in one direction, upwards.