https://www.biznews.com/ Joburg Indaba podcast links Business en Sun, 03 May 2020 11:08:47 +0200 Wed, 11 Nov 2020 20:20:54 +0200 30 http://blogs.law.harvard.edu/tech/rss iono.fm 2.5.2.0 BizNews no Biznews.com Radio team Weekly feeds@iono.fm (Feed Manager) https://cdn.iono.fm/files/p1500/logo_1500_20250908_201544_1400.jpeg https://www.biznews.com/ Joburg Indaba podcast links BizNews episodic BizNews alec@biznews.com false ZA https://iono.fm/e/954562 https://iono.fm/e/954562 www.biznews.com]]> Business Wed, 11 Nov 2020 20:20:00 +0200 0 0 Reflections on the SA Mining Industry and the Government’s impact 0 0 Biznews.com Radio team full 1:40 Joburg Indaba https://iono.fm/e/954561 https://iono.fm/e/954561 www.biznews.com]]> Business Wed, 11 Nov 2020 20:18:00 +0200 0 0 Capital allocation: a lone, early voice from London 0 0 Biznews.com Radio team full 2:13 Joburg Indaba https://iono.fm/e/954560 https://iono.fm/e/954560 www.biznews.com]]> Business Wed, 11 Nov 2020 20:10:00 +0200 0 0 Jim Rutherford: Did the poacher turn gamekeeper? 0 0 Biznews.com Radio team full 14:49 Joburg Indaba https://iono.fm/e/954557 https://iono.fm/e/954557 www.biznews.com]]> Business Wed, 11 Nov 2020 20:07:00 +0200 0 0 Dealing with mining’s men 0 0 Biznews.com Radio team full 2:40 Joburg Indaba https://iono.fm/e/954556 https://iono.fm/e/954556 www.biznews.com]]> Business Wed, 11 Nov 2020 20:05:00 +0200 0 0 Role of mentors 0 0 Biznews.com Radio team full 2:49 Joburg Indaba https://iono.fm/e/954555 https://iono.fm/e/954555 www.biznews.com]]> Business Wed, 11 Nov 2020 19:55:00 +0200 0 0 Testimony of perseverance 0 0 Biznews.com Radio team full 16:09 Joburg Indaba https://iono.fm/e/954553 https://iono.fm/e/954553
In the days following the US election, TV stations aired stories of emotional parents sharing their daughters crying with joy at seeing someone just like them, about to occupy one of the highest offices in the world. Female leaders who break through the glass ceiling to enter into leadership positions in male-dominated worlds like politics, business and mining, of course, do indeed carry a huge responsibility .

Just over a year ago, I was one of the guests invited to the official opening of the Gamsberg zinc mine in the Northern Cape. What stood out for me was that apart from the expected list of dignitaries (including President Cyril Ramaphosa) Deshnee Naidoo, the young CEO of Vedanta International was accompanied at one of the main tables by her husband, her kids and her parents. Not quite the norm for industry functions.

Sometimes actions speak louder than words: what Naidoo demonstrated that day, without saying a word, was that despite the presence of the president of South Africa, her boss, industry dignitaries, employees and local community leaders, her role as a daughter, a wife and a mother was just as important as her role as CEO.

I will never forget the pride in the eyes of Naidoo’s mother, Ms Kamala Maduramutha, when I met her that day. This “daughter of Kamala” is a role model for all, not least many young women in the mining industry!

Listen to Deshnee’s response about being a role model for women in mining. www.biznews.com]]> Business Wed, 11 Nov 2020 19:51:00 +0200 0 0 The daughter of Kamala 0 0 Biznews.com Radio team full 0:48 Joburg Indaba https://iono.fm/e/951341 https://iono.fm/e/951341 www.biznews.com]]> Business Thu, 05 Nov 2020 12:03:00 +0200 0 0 The last word 0 0 Biznews.com Radio team full 3:20 Joburg Indaba https://iono.fm/e/951339 https://iono.fm/e/951339 “Why are you returning capital, are you ex-growth?” The good old days are no more!
Rothschild & Co Snr Advisor Mining, Fiona Perrot-Humphrey, asks Douglas Upton (Investment Analyst & Partner, Capital Global London) and George Cheveley (Portfolio Manager, Ninety One) whether they think mining companies have successfully reinvented themselves as annuity income investments. Not quite yet! www.biznews.com]]> Business Thu, 05 Nov 2020 11:57:00 +0200 0 0 The big D-debate! 0 0 Biznews.com Radio team full 1:46 Joburg Indaba https://iono.fm/e/951335 https://iono.fm/e/951335 He highlights how the scale, duration and global impact of the pandemic will change how mining companies structure their portfolios, think about flexibility and stress-test their plans.
I love it when in a moment of reflective wisdom, he echoes Mick Davis’ point that empowered employees are critical in order for companies to increase their creation of capital during uncertain times. www.biznews.com]]> Business Thu, 05 Nov 2020 11:50:00 +0200 0 0 How to create capital in uncertain times 0 0 Biznews.com Radio team full 4:59 Joburg Indaba https://iono.fm/e/951328 https://iono.fm/e/951328 www.biznews.com]]> Business Thu, 05 Nov 2020 11:46:00 +0200 0 0 How South32 does it 0 0 Biznews.com Radio team full 5:16 Joburg Indaba https://iono.fm/e/951321 https://iono.fm/e/951321 She talks about how the industry progressed from ill-advised capital allocation to M&A projects, to clear policies and consistent behaviour during the boom times of 2017/18.
But, in her opinion, most mining companies are not investing enough in growth. www.biznews.com]]> Business Thu, 05 Nov 2020 11:42:00 +0200 0 0 Where will the growth come from? 0 0 Biznews.com Radio team full 4:13 Joburg Indaba https://iono.fm/e/951315 https://iono.fm/e/951315 He argues that the recent focus on cost has made the majors more resilient, but he is not convinced that they get the balance right between satisfying fund managers’ demands for dividends, with the ongoing need to commit to huge capex projects over long time horizons, based on very uncertain assumptions.
As a CA, it’s understandable that he blames the ills of the past squarely at the door of mining engineers and geologists! www.biznews.com]]> Business Thu, 05 Nov 2020 11:31:00 +0200 0 0 Is the industry getting the balance right? 0 0 Biznews.com Radio team full 10:42 Joburg Indaba https://iono.fm/e/947173 https://iono.fm/e/947173 In this short clip Sir Mick shares his view regarding the one priority that the South African mining industry needs to get right. www.biznews.com]]> Business Wed, 28 Oct 2020 16:54:00 +0200 0 0 The one priority to top them all 0 0 Biznews.com Radio team full 1:49 Joburg Indaba https://iono.fm/e/947171 https://iono.fm/e/947171 His reply when asked if he was the equivalent of the “Ace Magashule of the UK”, or who his children vote for, was every inch the polished politician!
Listen to this clip to see how, despite being a man of great achievements and well-deserved public recognition, underneath it all, Sir Mick Davis, the boytjie from Port Elizabeth remains true to his roots! www.biznews.com]]> Business Wed, 28 Oct 2020 16:50:00 +0200 0 0 Taking the Mick(ey) out of Sir Mick! 0 0 Biznews.com Radio team full 1:56 Joburg Indaba https://iono.fm/e/947169 https://iono.fm/e/947169 benefits and strategic advantages for their countries.
But he is most critical, by far, of the concept of control premiums that are so “baked into the thinking of the market” www.biznews.com]]> Business Wed, 28 Oct 2020 16:44:00 +0200 0 0 To merge, or not to merge? Who better to ask than Sir Mick Davis! 0 0 Biznews.com Radio team full 2:57 Joburg Indaba https://iono.fm/e/947164 https://iono.fm/e/947164 Davis believes that there are many technical hurdles, such as storage to overcome, but still clearly believes that South Africa should position itself to participate in the technology of the future. www.biznews.com]]> Business Wed, 28 Oct 2020 16:38:00 +0200 0 0 Too much hype around hydrogen? 0 0 Biznews.com Radio team full 1:24 Joburg Indaba https://iono.fm/e/947162 https://iono.fm/e/947162 Davis is of the opinion that the task team got to the nub of the issues
in Eskom in a very short period of time, and made some insightful and practical suggestions that were unfortunately not implemented.
He explains why he believes that all is not lost as far as Eskom is
concerned. www.biznews.com]]> Business Wed, 28 Oct 2020 16:36:00 +0200 0 0 It does not need to take decades to fix Eskom 0 0 Biznews.com Radio team full 1:33 Joburg Indaba https://iono.fm/e/947159 https://iono.fm/e/947159 Instead, he argues that mining companies should focus their attention on increasing efficiencies in mining and logistics, thereby ensuring that they are cost-effective suppliers to international customers that can add value.
This view may not get him knighted in South Africa, but he can certainly credibly comment as he has seen energy-intensive beneficiation projects from both the Eskom and Gencor perspectives. www.biznews.com]]> Business Wed, 28 Oct 2020 16:32:00 +0200 0 0 Despite having seen beneficiation from up close, Mick is not a believer 0 0 Biznews.com Radio team full 3:10 Joburg Indaba https://iono.fm/e/947154 https://iono.fm/e/947154 And yet, according to Sir Mick, one of the downfalls of his success was arrogance. It was this arrogance which resulted in him misreading the market and investors to the point where the merger between Glencore and Xstrata turned into what he describes as his career’s lowest point.
Listen to the full interview at the Joburg Indaba between Fiona Perrot Humphrey (Rothschild & Co’s Senior Advisor Mining) and Sir Mick.
In the conversation they discuss his journey to the top and what he learned along the way. He defines leadership more as an attitude than as a specific set of skills, and says that he “went to school on both the good and the bad management practices” that he witnessed at General Mining and Eskom.
He describes himself as a natural delegator, his underlying philosophy being that the people who are closest to the action make the best decisions because they have the best information. He expands on his concerns that the very focused approach regarding returning cash to shareholders in
the form of dividends, does not account for the need for mining companies to reinvest in their own sustainability and in order to create optionality. www.biznews.com]]> Business Wed, 28 Oct 2020 16:10:00 +0200 0 0 Getting to know Sir Mick Davis 0 0 Biznews.com Radio team full 36:18 Joburg Indaba https://iono.fm/e/944189 https://iono.fm/e/944189 is much more than just dirty energy. www.biznews.com]]> Business Thu, 22 Oct 2020 15:06:00 +0200 0 0 A top SA mining CEO elected to chair the WCA 0 0 Biznews.com Radio team full 4:23 Joburg Indaba https://iono.fm/e/944185 https://iono.fm/e/944185 No need to worry.” He got practical and explained that it is about reducing one’s footprint, producing more with less, and even approaching communities differently. www.biznews.com]]> Business Thu, 22 Oct 2020 15:02:00 +0200 0 0 “License to innovate” – say what? 0 0 Biznews.com Radio team full 2:57 Joburg Indaba https://iono.fm/e/944178 https://iono.fm/e/944178 www.biznews.com]]> Business Thu, 22 Oct 2020 15:00:00 +0200 0 0 Are diamonds still forever? 0 0 Biznews.com Radio team full 2:32 Joburg Indaba https://iono.fm/e/944176 https://iono.fm/e/944176 Put differently, demerging from coal does not mean divesting from SA www.biznews.com]]> Business Thu, 22 Oct 2020 14:56:00 +0200 0 0 Exiting coal or South Africa? 0 0 Biznews.com Radio team full 3:44 Joburg Indaba https://iono.fm/e/944170 https://iono.fm/e/944170 Mark Cutifani, CEO of Anglo American is clearly the former. This straight-shooting Australian came through the ranks of the mining industry and after a successful stint as CEO of AngloGold Ashanti, he was recruited to restore some of Anglo American’s former glory, following in the footsteps of
Cynthia Carroll. Not surprisingly, Mark made a well prepared case for the future of mining in his keynote address.
Cutifani’s keynote address is 25 minutes long but it’s a clip worth listening to. www.biznews.com]]> Business Thu, 22 Oct 2020 14:31:00 +0200 0 0 Cutifani cuts through the clutter 0 0 Biznews.com Radio team full 27:45 Joburg Indaba https://iono.fm/e/939738 https://iono.fm/e/939738 Globally, it is acknowledged that in order to successfully beneficiate the raw materials a country mines, a combination of three key factors need to be considered. Listen here. www.biznews.com]]> Business Wed, 14 Oct 2020 13:16:00 +0200 0 0 To BE(neficiate) or not to BE(neficiate)? The South African obsession 0 0 Biznews.com Radio team full 4:17 Joburg Indaba https://iono.fm/e/939731 https://iono.fm/e/939731 He argues that we have missed out on the greatest industrial revolution in China over the last 20 years as a result of bad policy choices and regulatory uncertainty. Listen to his detailed views! www.biznews.com]]> Business Wed, 14 Oct 2020 12:57:00 +0200 0 0 Chinese Demand for SA mined commodities 0 0 Biznews.com Radio team full 8:48 Joburg Indaba https://iono.fm/e/939724 https://iono.fm/e/939724 www.biznews.com]]> Business Wed, 14 Oct 2020 12:52:00 +0200 0 0 The “Failed State” of the future 0 0 Biznews.com Radio team full 8:48 Joburg Indaba https://iono.fm/e/939721 https://iono.fm/e/939721 economic recovery plan and the detailed planning that went into it, especially for the side of the mining industry. Roger’s insightful comments are definitely worth listening to! www.biznews.com]]> Business Wed, 14 Oct 2020 12:48:00 +0200 0 0 The newly-released economic recovery plan 0 0 Biznews.com Radio team full 9:30 Joburg Indaba https://iono.fm/e/939718 https://iono.fm/e/939718 In his address, he talks about South Africa’s next decade of promise, and outlines three key themes. Listen to them here. www.biznews.com]]> Business Wed, 14 Oct 2020 12:32:00 +0200 0 0 What does the industry need to do now to secure its future success? 0 0 Biznews.com Radio team full 27:45 Joburg Indaba https://iono.fm/e/932749 https://iono.fm/e/932749 www.biznews.com]]> Business Wed, 30 Sep 2020 18:54:00 +0200 0 0 Can we get some of what these PGM marketing guys are on? 0 0 Biznews.com Radio team full 47:04 Joburg Indaba https://iono.fm/e/932727 https://iono.fm/e/932727 www.biznews.com]]> Business Wed, 30 Sep 2020 18:20:00 +0200 0 0 What’s next for Sibanye-Stillwater? 0 0 Biznews.com Radio team full 20:14 Joburg Indaba https://iono.fm/e/932705 https://iono.fm/e/932705 www.biznews.com]]> Business Wed, 30 Sep 2020 18:14:00 +0200 0 0 How does one justify mining in Zimbabwe? 0 0 Biznews.com Radio team full 2:38 Joburg Indaba https://iono.fm/e/932701 https://iono.fm/e/932701 www.biznews.com]]> Business Wed, 30 Sep 2020 18:09:00 +0200 0 0 Anglo American Platinum’s CEO shares her vision 0 0 Biznews.com Radio team full 2:28 Joburg Indaba https://iono.fm/e/932694 https://iono.fm/e/932694 The upcoming Joburg Indaba on 7 and 8 October will take this topic forward with a keynote address by André de Ruyter. At the recent Coal Day, John Smelt, an ex Rio Tinto executive responsible for Investor Relations, shared some sober views about how ESG investors are causing major mining companies and funders to avoid coal mines and projects. www.biznews.com]]> Business Wed, 30 Sep 2020 18:00:00 +0200 0 0 ESG’s impact on coal - it’s time for stakeholders to talk to each other! 0 0 Biznews.com Radio team full 6:19 Joburg Indaba https://iono.fm/e/932685 https://iono.fm/e/932685 www.biznews.com]]> Business Wed, 30 Sep 2020 17:45:00 +0200 0 0 Coal CEOs respond to negative market sentiment and pressure regarding ESG’s 0 0 Biznews.com Radio team full 13:32 Joburg Indaba https://iono.fm/e/932677 https://iono.fm/e/932677 www.biznews.com]]> Business Wed, 30 Sep 2020 17:27:00 +0200 0 0 Stephen Forrest’s Rhodium Rant 0 0 Biznews.com Radio team full 5:10 Joburg Indaba https://iono.fm/e/932635 https://iono.fm/e/932635 www.biznews.com]]> Business Wed, 30 Sep 2020 16:32:00 +0200 0 0 The SA mining industry has handled the Covid-19 pandemic well 0 0 Biznews.com Radio team full 6:28 Joburg Indaba