It has been a year since Natascha Viljoen walked through the doors at Anglo American Platinum (Amplats) as its new CEO – a period described by industry colleague Bernard Swanepoel, a non-executive director of Amplats’ rival Impala Platinum, as one that “has been truly horrible” for her.
Swanepoel was speaking at his Joburg Indaba PGM industry day, an online conference, where he wanted to know from Viljoen how difficult it was to compete for capital in the Anglo American group, which is an 80% shareholder of Amplats, as the group had so many high-quality assets spread across the world.
Owing to the ever-improving “optics” of the PGM basket price – which includes not just platinum and palladium, but high-riding metals such as rhodium and now iridium – Amplats can offer up an impressive business case in having its projects approved. In any case, as the former head of processing at Anglo since 2014, Viljoen understands how the group works.
This story is from the 9 April 2021 edition of Finweek English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the 9 April 2021 edition of Finweek English.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
How do I protect the value of my investments against inflation?
It is not easy to find the right balance, but a portfolio should be well-diversified and structured to the environment.
Expectation versus reality
Consider the potential outcomes when buying stocks.
Don't panic, but be cautious
The current energy crisis unfolding in the UK is an example of slow-motion market action. Will it resolve itself?
Don't outlive your money
Make the right choices in retirement by keeping a keen interest in your post-retirement investments.
Rebuilding from the unrest
South Africa is exposed to an enormous economic security risk by concentrating most of its trade in KwaZulu-Natal, and the Eastern Cape offers an opportunity to deconcentrate trade.
The lure of retiring abroad
Dreaming of retiring in an exotic destination? Here’s what you need to know.