🔒 Gold Fields looks to Toyota for profit-boosting inspiration
Gold Fields was burning cash almost every year at their only facility in South Africa until it started looking at Toyota for inspiration.
Gold Fields was burning cash almost every year at their only facility in South Africa until it started looking at Toyota for inspiration.
Pan African Resources’ economics aren’t rocket science; good things will happen if gold rises, the ZAR/$ weakens, and it produces more gold.
South Africa has a new gold mining top dog after Gold Fields secured the $6.7bn all-share takeover of Canadian miner Yamana.
Gold Fields’ new CEO Chris Griffith is looking at ways to replace depleting mines as output is projected to peak in three years time, says Bloomberg.
Last year, the mining industry, which employs more than 451,000 people, accounted for 8.2% of GDP, according to the Minerals Council South Africa.
Bullish as ever, Neal Froneman took centre stage in last night’s BPH, with the veteran executive excited about the future for Sibanye.
‘The Public Investment Corp, which manages R1.91trn of mainly SA govt worker pensions, has a broader mandate than purely shareholder returns’.
Peter Major joined the BizNews Power Hour to unpack Sibanye CEO Neal Froneman’s statement, answering why this could be in SA’s interest.
Should you invest in mining companies? AngloGold Ashanti has never been this cheap, says Peter Major. Stock-picking is called for.
Sibanye-Stillwater has offered its extensive healthcare resources in the rollout of Covid-19 vaccines in South Africa.