Search Results for: Gold Fields
What crisis? Rob Davies shrugs off SA corporate flight, says foreigners investing
Trade and Industry Minister Rob Davies is charged with growing the industrial base of South Africa. I have been keen to catch up with him, specifically to hear his plan to combat the growing number of SA corporates who are taking their investments away from home. His response in today’s interview was illuminating. Davies said … Read more
Midday market report
The JSE All Share Index is trading 0.05% higher this morning with Industrials leading the way – up 0.15%, whilst financials are lagging down -0.28%. In company news, Sasol released a solid set of financial results for the year ended in June 2014.The company reported that its headline earnings per share were up by 14% to … Read more
Master Drilling: A low-risk play on Africa’s natural gas bonanza
With a market cap of R1.9bn, Master Drilling Group flies below the radar of most investors. That’s a pity. It’s a quality operation that Anglo American pulled into South America with an outsourcing contract that provided a base from which half the company’s revenue is now generated. As you’ll hear from this interview with CEO … Read more
Midday market report 21 August
The JSE all-share index is trading 0.2% higher in morning trade following gains on US markets last night. After leading declines yesterday financials are leading today’s gains after Standard and Poors reaffirmed their ratings on South African banks. The financial index has added 0.6% while industrials have added 0.2%. Resource counters are trading 0.7% into … Read more
David Shapiro: BHP lining up SA assets for Glencore takeover?
One of the many things I love about David Shapiro is that he has opinions that he’s never afraid to share. There’s rarely a boring conversation when he’s involved, and today’s Power Lunch interview was no exception. Â Yesterday David attended the BHP Billiton presentation on “SpinCo” – where 10% of its so-called non-core assets, including … Read more
BHP’s SpinCo: Divorce after 13 years is Vote of No Confidence in SA
Today’s big news from the world’s largest resources firm, Melbourne-headquartered BHP Billiton, had had a mixed reception. BHP is to create an independent business by spinning off its South African assets together with silver and nickel operations from Columbia and Australia. It looks very much like a de-merger of the deal struck between Australia’s BHP … Read more
SA needs its shale gale, launch fracking before the neighbours do
This piece is a reminder of what South Africa loses every time a talented citizen seeks greener pastures abroad. Tim Wood, former head boy of Mooi River’s Treverton College and Employee Number One at Moneyweb, is as fine an online journalist as you’ll find anywhere on earth. His work is deeply researched, enriched with numerous … Read more