BizNews Radio

Raubex produced a robust set of numbers of its 2021 financial year-end, all things considered. No nonsense CEO Rudolf Fourie unpacked the results further and was upbeat about what lies ahead for the roads and civil infrastructure construction group. The order book ballooned to R17bn from R10bn in the prior year, which was especially encouraging for shareholders.

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Multi-national mining behemoth Anglo American's eagerly anticipated spin-off of its South African coal assets is around the corner. July Ndlovu, CEO of Thungela Resources (ex-Anglo coal) was on the BizNews Power Hour outlining the investment case for the JSE-bound commodity counter. Anglo American has been under pressure from shareholders to disinvest from assets no longer meeting its environmental, social and governance (ESG) standards. The spin-off provides investors with a single commodity counter that is cash generative. BizNews founder Alec Hogg and Sasfin Securities David Shapiro share their pearls of wisdom on the corporate action, having seen many similar types of spin-off scenarios over their years whilst covering the capital markets. The price is likely to be under pressure from the onset, given the predictable sell-off from international investors. This could provide an attractive entry point in the weeks after listing.

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Multi-national mining behemoth Anglo American's eagerly anticipated spin-off of its South African coal assets is around the corner. July Ndlovu, CEO of Thungela Resources (ex-Anglo coal) was on the BizNews Power Hour outlining the investment case for the JSE-bound commodity counter. Anglo American has been under pressure from shareholders to disinvest from assets no longer meeting its environmental, social and governance (ESG) standards. The spin-off provides investors with a single commodity counter that is cash generative. BizNews founder Alec Hogg and Sasfin Securities David Shapiro share their pearls of wisdom on the corporate action, having seen many similar types of spin-off scenarios over their years whilst covering the capital markets. The price is likely to be under pressure from the onset, given the predictable sell-off from international investors. This could provide an attractive entry point in the weeks after listing.

In this week's Currency Focus podcast, valuable pointers on where the rand is heading in relation to major currencies: Investors want higher interest rates but they aren't coming - the US government has made that clear, but many aren't listening, says South African currency expert Andre Cilliers of TreasuryONE. That in turn, he notes, has implications for the value of currencies in relation to the US dollar, including the rand. In this in-depth interview, Cilliers shares his reading of global and domestic data and currents in the markets with BizNews editor-at-large Jackie Cameron. If you were listening to Cilliers on BizNews last week, you would have already known that the rand was set to strengthen soon - as it did this week, breaking through the R14 line.

*This podcast is proudly brought to you by TreasuryONE, South Africa's leading treasury solutions company that unlocks financial value for your business.

In this week's Currency Focus podcast, valuable pointers on where the rand is heading in relation to major currencies: Investors want higher interest rates but they aren't coming - the US government has made that clear, but many aren't listening, says South African currency expert Andre Cilliers of TreasuryONE. That in turn, he notes, has implications for the value of currencies in relation to the US dollar, including the rand. In this in-depth interview, Cilliers shares his reading of global and domestic data and currents in the markets with BizNews editor-at-large Jackie Cameron. If you were listening to Cilliers on BizNews last week, you would have already known that the rand was set to strengthen soon - as it did this week, breaking through the R14 line.

*This podcast is proudly brought to you by TreasuryONE, South Africa's leading treasury solutions company that unlocks financial value for your business.

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* The South African rand continued to strengthen on Monday, breaking through R14.00 to the US Dollar. TreasuryONE currency strategist Andre Cilliers explains what’s behind the move.

* Southern African presidents attended the ceremony to open the $260 million Kazungula road and rail bridge between Botswana and Zambia that offers a faster and cheaper alternative to a route via Beitbridge on Zimbabwe’s border with South Africa.

* President Cyril Ramaphosa has warned against vaccine apartheid in his weekly letter to citizens.

* South African pharmacist Clicks said on Monday it planned to acquire 25 in-store pharmacies, their drug stocks and staff from retailer Pick N Pay.

* Stocks have ground higher in recent days after Federal Reserve officials reiterated their commitment to easy financing conditions to aid the economic recovery.

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* The South African rand continued to strengthen on Monday, breaking through R14.00 to the US Dollar. TreasuryONE currency strategist Andre Cilliers explains what’s behind the move.

* Southern African presidents attended the ceremony to open the $260 million Kazungula road and rail bridge between Botswana and Zambia that offers a faster and cheaper alternative to a route via Beitbridge on Zimbabwe’s border with South Africa.

* President Cyril Ramaphosa has warned against vaccine apartheid in his weekly letter to citizens.

* South African pharmacist Clicks said on Monday it planned to acquire 25 in-store pharmacies, their drug stocks and staff from retailer Pick N Pay.

* Stocks have ground higher in recent days after Federal Reserve officials reiterated their commitment to easy financing conditions to aid the economic recovery.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro, Anglo American spin-off Tungela Resources CEO July Ndlovu, Raubex CEO Rudolf Fourie on its results and prospects, Irnest Kaplan on Adapt IT and US tech valuations and the BizNews team.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro, Anglo American spin-off Tungela Resources CEO July Ndlovu, Raubex CEO Rudolf Fourie on its results and prospects, Irnest Kaplan on Adapt IT and US tech valuations and the BizNews team.

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A new electricity scandal has erupted in South Africa. Only two in every 10 poor households that qualify for free basic electricity have received it for at least the past five years, with municipalities diverting at least R40bn earmarked for indigents. This has been highlighted by Chris Yelland, one of South Africa's top energy analysts. He speaks to Jackie Cameron about how it is very difficult and often impossible for poor people to register for free basic services and raises the questions about how it is possible that the authorities - from the National Treasury to municipal officials - have not raised the alarm about this situation.