Podcasts about hulamin

Jonathan Fairbairn speaks to Ayanda Mngadi the Group Executive Corporate Affairs and Investor Relations at Hulamin about the aluminium value chain, followed by the CEO of Optimas Robots, Evans Parsons who has a business that creates AI robots. Jonathan also speaks to Palesa Diale who is the Founder of Beige Butterfly which is a water Purification business that also produces organic hair and skin care, followed by Tshepo Phetla the Head of Business Development at Telkom about the graduation of the township tech innovation incubator. See omnystudio.com/listener for privacy information.

This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. The creation of a formal public-private platform to assess solutions to a pending "gas cliff" for industrial consumers in South Africa points to the fact that the issue is finally being taken seriously by all stakeholders, Industrial Gas Users Association of South Africa (IGUA-SA) executive director Jaco Human tells Engineering News. The task team is being led by the Department of Trade, Industry and Competition and the Department of Mineral Resources and Energy and includes IGUA-SA and its members, as well as Eskom, the Central Energy Fund (CEF) and Sasol. Speaking at the African Energy Indaba, Mineral Resources and Energy Minister Gwede Mantashe said the task team had been established "to develop a joint strategy that will ensure a seamless transition and business continuity, thus ameliorating potential job losses". Mantashe also announced that the efforts would be supported by the finalisation of the Gas Master Plan, which would be presented to Cabinet in March, and various collaborative efforts being pursued with the Mozambique government, including on the proposed Matola liquefied natural gas (LNG) hub. The task team convened twice last year, and a major meeting is planned for March 27, where short-, medium- and long-term solutions to the gas cliff will be discussed ahead of the currently designated "day zero" of June 2026; the point at which Sasol has indicated it will no longer supply industrial consumers. Discussion at the meeting, Human says, will seek to find surefire solutions and options that will have to be implemented for an "orderly transition" during the likely "dead zone" that is currently set to arise between 2026 and the construction of the import and transfer infrastructure needed to facilitate the entry of LNG through a terminal that will be in place by the second quarter of 2027 at the earliest. He tells Engineering News that IGUA-SA members will use the meeting to outline their considerations in the contracting of a combined 50 PJ/y of LNG that could be imported through a proposed terminal at Matola in Mozambique, which is considered to be the most advanced LNG project on the horizon. IGUA-SA's members include large manufacturing enterprises such as ArcelorMittal, Ardagh Group, AVI, BrotherCisa, CBC Fasteners, Ceramic Industries, Coca-Cola, Corobrik, Hulamin, Highveld, Illovo, Ingrain, Mondi, Nampak, Norcros, Premier, PFG Building Glass, South32, South African Breweries, Rand Refinery and the Scaw Metals Group. At the meeting, these consumers will indicate what the implications of higher LNG prices will be on the manufacturing sector and to what extent it could commit to volume offtake of LNG that is likely to be more than double the cost of domestically supplied gas by Sasol under the prevailing regulated gas methodology. The maximum price gas methodology currently sets the price at R75/GJ before various pipeline tariffs are included to raise the price to about R110/GJ. At prevailing prices and exchange rates, LNG is likely to enter South Africa at closer to R250/GJ, which the domestic manufacturers would seek to pass on given the absence of cheaper energy alternatives in the near term. However, they will also underline that demand of 50 PJ/y is insufficient to provide the commercial justification for the construction of an estimated $500-million LNG import terminal at Matola by Gigajoule and TotalEnergies. Therefore, an appeal will be made for additional country commitments, mainly in the form of gas-to-power requirements, to raise yearly demand to between the 100 PJ and 140 PJ considered sufficient to ensure financial close by year-end and construction soon thereafter. Here, IGUA-SA sees the role of both Eskom and CEF as potentially significant. One proposal would be for Eskom to enter into a long-term power purchase agreement with a cross-bor...

This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. The creation of a formal public-private platform to assess solutions to a pending "gas cliff" for industrial consumers in South Africa points to the fact that the issue is finally being taken seriously by all stakeholders, Industrial Gas Users Association of South Africa (IGUA-SA) executive director Jaco Human tells Engineering News. The task team is being led by the Department of Trade, Industry and Competition and the Department of Mineral Resources and Energy and includes IGUA-SA and its members, as well as Eskom, the Central Energy Fund (CEF) and Sasol. Speaking at the African Energy Indaba, Mineral Resources and Energy Minister Gwede Mantashe said the task team had been established "to develop a joint strategy that will ensure a seamless transition and business continuity, thus ameliorating potential job losses". Mantashe also announced that the efforts would be supported by the finalisation of the Gas Master Plan, which would be presented to Cabinet in March, and various collaborative efforts being pursued with the Mozambique government, including on the proposed Matola liquefied natural gas (LNG) hub. The task team convened twice last year, and a major meeting is planned for March 27, where short-, medium- and long-term solutions to the gas cliff will be discussed ahead of the currently designated "day zero" of June 2026; the point at which Sasol has indicated it will no longer supply industrial consumers. Discussion at the meeting, Human says, will seek to find surefire solutions and options that will have to be implemented for an "orderly transition" during the likely "dead zone" that is currently set to arise between 2026 and the construction of the import and transfer infrastructure needed to facilitate the entry of LNG through a terminal that will be in place by the second quarter of 2027 at the earliest. He tells Engineering News that IGUA-SA members will use the meeting to outline their considerations in the contracting of a combined 50 PJ/y of LNG that could be imported through a proposed terminal at Matola in Mozambique, which is considered to be the most advanced LNG project on the horizon. IGUA-SA's members include large manufacturing enterprises such as ArcelorMittal, Ardagh Group, AVI, BrotherCisa, CBC Fasteners, Ceramic Industries, Coca-Cola, Corobrik, Hulamin, Highveld, Illovo, Ingrain, Mondi, Nampak, Norcros, Premier, PFG Building Glass, South32, South African Breweries, Rand Refinery and the Scaw Metals Group. At the meeting, these consumers will indicate what the implications of higher LNG prices will be on the manufacturing sector and to what extent it could commit to volume offtake of LNG that is likely to be more than double the cost of domestically supplied gas by Sasol under the prevailing regulated gas methodology. The maximum price gas methodology currently sets the price at R75/GJ before various pipeline tariffs are included to raise the price to about R110/GJ. At prevailing prices and exchange rates, LNG is likely to enter South Africa at closer to R250/GJ, which the domestic manufacturers would seek to pass on given the absence of cheaper energy alternatives in the near term. However, they will also underline that demand of 50 PJ/y is insufficient to provide the commercial justification for the construction of an estimated $500-million LNG import terminal at Matola by Gigajoule and TotalEnergies. Therefore, an appeal will be made for additional country commitments, mainly in the form of gas-to-power requirements, to raise yearly demand to between the 100 PJ and 140 PJ considered sufficient to ensure financial close by year-end and construction soon thereafter. Here, IGUA-SA sees the role of both Eskom and CEF as potentially significant. One proposal would be for Eskom to enter into a long-term power purchase agreement with a cross-bor...

Nhlanhla Sehume speaks to Mark Gounder, CEO of Hulamin about the company's results. The Aluminium group Hulamin reported lower full-year earnings as softer global markets and business simplification resulted in a 15% decline in volumes. The company reported profit after tax of R271.8m for the year to end-December from R299.7m a year earlier. Headline earnings per share (HEPS) were down 11% at 88c. It did not declare a dividend.See omnystudio.com/listener for privacy information.

Mark Gounder – CFO and Incoming CEO, Hulamin SAfm Market Update - Podcasts and live stream

On this episode of stock picks, Financial Mail's Marc Hasenfuss unpacks Argent, Gemfields and Hulamin. Stock Watch

Workers at KZN-based aluminium products company, Hulamin have called off their strike over medical aid and pension fund contributions. Website

Workers from a KZN based aluminium products company, Hulamin have gone on an indefinite strike. Website

Geoff Watson – Interim CEO, Hulamin SAfm Market Update - Podcasts and live stream

In this latest podcast, we have industry experts Mark Smyth and Simon Jennings, discuss the latest pertinent issues within the industry. During the episode we discuss the Ball plant closures in the US, the advent of digital printing technology and more! Joining the show is regular guest Mark Smyth. Mark established his company MS Can Solutions in 2019, which is an independent packaging consultancy based in France. Prior to MS Can Solutions, his most recent position was with Ardagh Group as business development and marketing intelligence director, for metal and glass packaging. He is the author of The Future of Metal Packaging and Coatings to 2027, published March 2022. Our other guest is Simon Jennings of Nomis Consultancy. For 16 years he was employed by Rexam, where he was responsible for over 50 acquisitions, disposals and joint ventures. Since then he has been chairman of Pakistan Aluminium Beverage Company, chairman of GZI Industries and a non-executive director of Hulamin in South Africa.

Join Independent Analyst, Loyiso Mpeta as he shares technical analysis on Hulamin and Growthpoint.

RMB's Matete Thulare unpacks Hulamin results and takes a look at a target for the ZAR.Roy Douglas, AdvTech CEO, talks results as student enrolments continues to grow.Stefano Marani, Renergen CEO, chats the company's R1 billion deal with the Central Energy Fund.

Why would trade and industry minister Ebrahim Patel slip through a massive 15% import duty on aluminium sheet products in the very last government gazette of 2020? Is it because the state is the biggest shareholder in Hulamin, our only producer of aluminium sheet products and can't compete? Why is industrial policy happening behind closed doors? It seems inevitable that if you take price pressure off local producers by protecting them from imports, then prices in South Africa will rise. Peter Bruce asks international metals trader and Hulamin shareholder Volke Shütter and the answers are brilliant….

Why would trade and industry minister Ebrahim Patel slip through a massive 15% import duty on aluminium sheet products in the very last government gazette of 2020? Is it because the state is the biggest shareholder in Hulamin, our only producer of aluminium sheet products and can't compete? Why is industrial policy happening behind closed doors? It seems inevitable that if you take price pressure off local producers by protecting them from imports, then prices in South Africa will rise. Peter Bruce asks international metals trader and Hulamin shareholder Volke Shütter and the answers are brilliant….

Nedbank Private Wealth's Preston Narainsamy on another strong red day for local markets. Hyprop CEO, Morné Wilken on HY results as they cut distributions but meet all banking covenants for the year ending June. Hulamin CEO Richard Jacobs on a really tough set of annual results that recorded an increased loss.

Significant cost reduction efforts, coupled with stringent controls over working capital, helped to reduce the impact of Covid-19-related restrictions on aluminium supplier Hulamin's performance for the six months ended June 30, CEO Richard Jacob said on September 21. The company noted that cost reduction, strict controls over working capital and a weaker exchange rate had partially offset the impact of the pandemic, which resulted in major disruptions to manufacturing operations and severe demand shocks in most markets. He said Hulamin had emerged from this difficult period with a reasonably good order book, a stable manufacturing operation and significant liquidity to meet its forecast requirement. The company said the turnaround actions implemented in 2019 yielded substantial structural cost reductions, lower inventory levels and reduced debt leading into this year, which positioned the business well to maintain a reasonable performance despite the impact of the pandemic. The lockdown regulations, the infections and the economic depression from April to June, resulted in disruptions to all manufacturing operations and demand shocks, mainly in the South African market where the ban on alcohol sales had a significant impact on the local beverage can market. “As experienced by most companies globally, the emergence of the coronavirus pandemic resulted in major disruptions to demand, as well as our manufacturing operations. "Consequently, the first half of 2020 was a particular challenging trading period,” Jacob noted. Owing to the difficulties, group sales volume decreased by 35% to 71 000 t, while revenue decreased by 30% to R3.7-billion. Hulamin's loss a share increased by 26c to 75c and the company generated negative free cash flow of R302-million. Hulamin’s balance sheet was, nevertheless, resilient, with net debt-to-equity of 27%. No dividend was declared in respect of the period, or the comparative period. Hulamin Extrusions’ turnaround continued. Although volumes were negatively impacted by the Covid-19 lockdown, green shoots of a successful turnaround are becoming evident. The business suffered a first-half loss, which includes costs related to the closure of the Olifantsfontein plant that have carried over into 2020. "With the rightsizing of the business to one with a lower unit cost base, consolidated in Pietermaritzburg, largely complete, we are looking forward to a return to profitability in the second half of 2020,” noted Jacobs. Hulamin expects the turnaround actions taken in 2019, especially the reduction in costs, to support a return to profitably in the second half of the year. Sales forecast significantly stronger volume performance in all operations, although lower than in recent years. Together with the weakened rand, the company expects an improved second half. The company is also expecting a preliminary outcome for the US Department of Commerce antidumping case in October, which involves “common alloys” from 18 countries including South Africa. Hulamin is actively seeking alternative product and market opportunities as mitigation for any possible closure of the US rolled products market to the company’s business. The US has traditionally been the company’s largest export market for these products. Hulamin said that, should the global and local economic conditions continue to improve, and especially demand for its products, it expects this to support an improvement in profitability and cash flow.

BizNews — BizNews founder Alec Hogg speaks to Volker Schütte about what Schütte had to say at the virtual Hulamin AGM regarding the company's staggering loss of approximately R2,5bn over the last 10 years. Schütte has been been in the aluminium industry in South Africa, Shanghai, Singapore, Panama and Germany since 1985. As a shareholder in Hulamin, Schütte poses critical questions to Richard Jacob, the chief executive of Hulamin - who has presided over the massive destruction of Hulamin's value over the last 10 years. Market commentator David Shapiro also joins the discussion with his insight. - Nadya Swart

BizNews — BizNews founder Alec Hogg speaks to Volker Schütte about what Schütte had to say at the virtual Hulamin AGM regarding the company's staggering loss of approximately R2,5bn over the last 10 years. Schütte has been been in the aluminium industry in South Africa, Shanghai, Singapore, Panama and Germany since 1985. As a shareholder in Hulamin, Schütte poses critical questions to Richard Jacob, the chief executive of Hulamin - who has presided over the massive destruction of Hulamin's value over the last 10 years. Market commentator David Shapiro also joins the discussion with his insight. - Nadya Swart

BizNews — Market commentator David Shapiro joins BizNews founder Alec Hogg for a discussion on what’s moving the markets in South Africa. In this excerpt from the Rational Radio webinar, the two stock market experts discuss Hulamin’s decline in market cap, the Nasdaq’s outperformance of the S&P 500 and gold. Also covered in this interview is Hogg’s recent purchase of Barrick shares and how tech is driving the markets. - Nadya Swart

BizNews — Market commentator David Shapiro joins BizNews founder Alec Hogg for a discussion on what’s moving the markets in South Africa. In this excerpt from the Rational Radio webinar, the two stock market experts discuss Hulamin’s decline in market cap, the Nasdaq’s outperformance of the S&P 500 and gold. Also covered in this interview is Hogg’s recent purchase of Barrick shares and how tech is driving the markets. - Nadya Swart

East Coast Radio — Metalworkers' union Numsa has agreed on a deal with a PMB-based aluminium supplier and exporter after a weeks-long battle over pay. Hulamin says it will be paying workers in full for the duration of the lockdown.

Corruption and mismanagement are far from a uniquely public sector problem, as the tales of EOH and Hulamin show. Hulamin has succeeded in destroying billions of rands in capital over the last decade through sheer poor judgement and bad management, while EOH has found itself mired in a billion-rand corruption scandal that reaches all the way to board level. In this episode, Alec Hogg and Felicity Duncan discuss this sorry state of affairs, looking at how these companies managed to get so far off the rails. They also discuss the latest developments in the Bosasa/Cyril Ramaphosa case, looking at the Public Prosecutor’s Friday decision that Ramaphosa is guilty of an offense.

I met Chris Logan more than a quarter century back when presided over South Africa's hottest unit trust management company in an era when these pooled investment funds were mushrooming.  Under his watchful eye, the funds managed by Logan's star team at BOE Asset Managers (like Jenny Ferrini, Anet Ahern and Tracey Chiappini) topped most performance tables in SA's pre-Allan Gray era. After Nedbank acquired BOE, Logan moved on and after a short spell with HSBC, started his Cape Town-based Opportune Investments. Having his own business enabled the beach boy from KZN's Amanzimtoti to indulge his water-based hobbies - and get more involved in activist investing through attacking value traps like the Liberty and Pick 'n Pay pyramid structures. He has been a long-time and very public critic of accounting practices at Tongaat, and after proving his point there, has switched his attention to its former subsidiary Hulamin. He explained why on Rational Radio. - Alec Hogg

Here's the producer's cut of the Rational Radio show broadcast on 17 July 2019. Featured this week in order of appearance: David Shapiro reminisces about the late Johnny Clegg who died yesterday; addresses the reasons for Impala and Aspen's fall from grace; and offers some juicy investment options. Lord Peter Hain speaks to us from London where he is putting pressure on global consulting firm Bain & Co, which has been fingered as the instigator of the decimation of SA Revenue Services. Investec's head of private equity Peter Baird unpacks the rationale behind the bank's Africa fund's first investment into Egypt - a controlling stake in 92 year old quality food retailing group Spinneys for a rumoured $100m. Veteran money manager and activist investor Chris Logan has been taking a very close look at Hulamin - pointing out parallels with its embattled former parent Tongaat. Logan reckons shareholders need to get involved to fix it. The day before his State of the Province address, Western Cape Alan Winde explains the thinking behind bringing the military into gang-controlled areas of the province - explaining how it will work and for how long. SA head Lyndsey Duff unpacks how the revolutionary business What3Words has divided the world into 3m x 3m blocks and given them three words - a far easier address to use than GPS numbers or street addresses.

Former South African president Jacob Zuma is back in the spotlight today when he takes the stand at the Deputy Chief Justice Raymond Zondo’s commission of inquiry into State Capture. There’s been another twist in Mozambique’s $2bn Tuna Bond scandal. South Africa’s new justice minister, Ronald Lamola, has blocked the release of former Mozambiquan finance minister Manuel Chang, who is deeply implicated in the scandal. China’s Huawei Technologies is planning extensive layoffs at its US operations, as a direct consequence of its blacklisting by US president Donald Trump. Embattled Tongaat’s one-time stablemate Hulamin has been hitting obstacles of its own with the share price losing almost 6% on Friday.

Kick-started the show with awesome music and a motivational talk by Lisa Nichols on how not to dim your light for your haters! Our technology updated covering top technology stories globally consisted of Facebook being awarded a patent that will see them developing a robot that will follow you around the house taking pictures and videos at your request – scary! Tanzania is developing a cashless economy, Yellow pages are going digital, Hulamin is the only company providing an aluminum product to be used to provide Wi-fi in airplanes globally and Uber Health is launching a transportation technology platform for health patients in the US. We end off with our “Top 10” feature talking about IEEE Computer Society’s top tech trends for 2018. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Kick-started the show with awesome music and a motivational talk by Lisa Nichols on how not to dim your light for your haters! Our technology updated covering top technology stories globally consisted of Facebook being awarded a patent that will see them developing a robot that will follow you around the house taking pictures and videos at your request – scary! Tanzania is developing a cashless economy, Yellow pages are going digital, Hulamin is the only company providing an aluminum product to be used to provide Wi-fi in airplanes globally and Uber Health is launching a transportation technology platform for health patients in the US. We end off with our “Top 10” feature talking about IEEE Computer Society's top tech trends for 2018. Become a supporter of this podcast: https://anchor.fm/africa-podcast-network/support

Kick-started the show with awesome music and a motivational talk by Lisa Nichols on how not to dim your light for your haters! Our technology updated covering top technology stories globally consisted of Facebook being awarded a patent that will see them developing a robot that will follow you around the house taking pictures and videos at your request – scary! Tanzania is developing a cashless economy, Yellow pages are going digital, Hulamin is the only company providing an aluminum product to be used to provide Wi-fi in airplanes globally and Uber Health is launching a transportation technology platform for health patients in the US. We end off with our “Top 10” feature talking about IEEE Computer Society's top tech trends for 2018. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/digibiz-africa/support

1. China stocks extend biggest rout in 8 years 2. Oil market glut pushes prices lower 3. Hulamin and Group five updates yesterday shed light on tough busieness environment