Podcasts about thungela

Stephen Grootes unpacks the major market developments, including Kenny Fihla's surprise departure from Standard Bank, the SARB's blocking of a massive Pepkor share trade, and the latest earnings reports from MTN, Thungela, and Sun International. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk. There’s more from the show at www.themoneyshow.co.za Subscribe to the Money Show daily and weekly newsletters The Money Show is brought to you by Absa. Follow us on:702 on Facebook: www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalk CapeTalk on TikTok: www.tiktok.com/@capetalk CapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.

SA se grootste steenkooluitvoerder, Thungela, het vandag sy winssyfers bekend gemaak. Die omset is 16% hoër, terwyl die wesensverdienste per aandeel laer is. Die finansiële hoof, Deon Smith, bespreek die resultate. Volg RSG Geldsake op Twitter

Stephen Grootes speaks to July Ndlovu, CEO of Thungela Resources, about the company's latest interim results, highlighting key performance indicators, challenges, and future prospects in the coal mining sector. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk. There’s more from the show at www.themoneyshow.co.za Subscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa. Follow us on:702 on Facebook: www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalk CapeTalk on TikTok: www.tiktok.com/@capetalk CapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.

July Ndlovu – CEO, Thungela Resources SAfm Market Update - Podcasts and live stream

Nick Kunze from Sanlam Private Wealth breaks down Truworths's results and Thungela's latest update. KAP CEO Gary Chaplin on results as their new fibreboard production kicks into gear. Mesh.trade MD Connie Bloem on shaking up gold with tokenised TroyGold.

Nosipho Radebe speaks to Thungela CEO, July NdlovuSee omnystudio.com/listener for privacy information.

Die steenkoolgroep Thungela het vandag winssyfers vir die ses maande tot einde Junie aangekondig, die finansiële hoof Deon Smith gesels oor die resultate. Volg RSG Geldsake op Twitter

July Ndlovu – CEO, Thungela Resources SAfm Market Update - Podcasts and live stream

Deon Smith, finansiële hoof van Thungela gesels oor die groep se finansiële resultate, die steenkoolprys, en transnet-probleme. Volg RSG Geldsake op Twitter

July Ndlovu – CEO, Thungela Resources SAfm Market Update - Podcasts and live stream

Mpumi Sithole – Executive Head: Corporate Affairs, Thungela Resources SAfm Market Update - Podcasts and live stream

This audio is brought to you by Wearcheck, your condition monitoring specialist. Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in the vein of restoring aquatic life in the Wilge Olifants river catchment following the uncontrolled release of mine-affected water from the South Shaft at the Khwezela Colliery's Komdraai site on February 14, 2022, which investigations have since attributed to illegal mining activities. Preliminary investigations showed that a concrete seal, built at the shaft, which was last used in 1966, in 2019, had failed. This caused the spread of a pollution plume that passed through the Wilge and Olifants rivers, eventually reaching the Loskop Dam inlet and affecting an estimated 60 km of the river ecosystem, and completely decimating the entire fish population, as well as severely impacting on plants and microorganisms. Further investigations showed the contribution of illegal mining activities to the event. It was indicated that damage to infrastructure, combined with theft of essential water treatment equipment, was the primary cause of the incident. Speaking at the launch, Thungela CEO July Ndlovu explained that the company took responsibility for the incident and committed to rehabilitating the area impacted by the overflow, back to conditions that exceeded those prior to the event, as well as to minimising the chance of another incident occurring in the future. As such, Thungela made a R1.8-million capital investment in the fish breeding facility and has committed a further R1.5-million to long-term monitoring of the rehabilitation process, as well as over R5-million to address illegal mining. Thungela worked closely with the Mpumalanga Tourism and Parks Agency (MTPA), the Department of Water and Sanitation and aquatic scientists in the country to execute the rehabilitation plan. One of the activities in this plan was to expedite the recovery of the fish population, to restore biodiversity in affected area. The water quality has now been ascertained to have returned to pre incident levels, and resurgence in macro invertebrate activity has been observed, Therefore, Thungela has determined that the fish can start being released into the area, to begin replenishing the stocks. Two batches of fish - 100 in total - were released on February 23. This followed the recent release of about 600 fish. The indoor breeding facility mimics the environment's condition and has the capacity to breed several types of fish, with it housing 27 glass aquaria of varying sizes and six bio filters, each with individual temperature controls and filtration systems. As external aquarium setup houses larger species ready for reintroduction. It includes three tanks equipped with comprehensive life support systems capable of sustaining up to 700 kg of fish. The facility has been specifically designed to breed fish with optimal genetic quality sourced from local waters to expedite the ecological recovery process. The facility is located close to the affected area, and the fish will be bred and released on a continuing basis, with ongoing monitoring. The facility will be handed over to MTPA once the river system conditions are back to pre-incident levels, and it will assume responsibility for its operation. It was indicated that it could take anywhere from five to ten years for this to materialise. MTPA deputy chairperson Salome Sithole lauded this "sustainable" initiative and averred that rehabilitation of the area as whole would benefit the surrounding communities, who were impacted by the environmental repercussions of the spill, while this fish breeding facility would benefit tourism and activities such as fishing. Thungela has also partnered with universities and other stakeholders to bolster research and work being done at the facility.

Chantal Marx of FNB Wealth and Investments discusses the day's market news, local currency expectations, whether resources are strengthening, ArcelorMittal's update spooking investors, thoughts on Thungela, and the coal industry. SAfm Market Update - Podcasts and live stream

Alex Duys from Umthombo Wealth on the Thungela update as production and sales are within guidance, but Transnet remains a worry Sandile Malinga from M&G Investments offers insights into the process of multi-asset funds and their selection process. ACTOM's Casbah Zwane on Eskom's development plan and its ability to create jobs and benefit local manufacturing.

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Guest: Ed Stoddard |Journalist at Business MaverickSee omnystudio.com/listener for privacy information.

Deon Smith, finansiële direkteur van Thungela gesels oor Transnet wat vir geld vra om te help met sy dispuut. Volg RSG Geldsake op Twitter

Witthuhn from Anchor on markets as Thungela's results saw Heps off 67% as coal prices fell by a similar amount over the last year. Keith McLachlan from Integral Asset Managers unpacks Curro's results and takes a broader look at the education sector. DebtBusters's Benay Sager talks debt as more South Africans turn to personal loans as financial lifelines.

Independent analyst JD Klopper talks Vukile's results and Thungela's update that shows Heps under pressure. Dawie de Villiers from Alexforbes on results that show decent growth despite a tough year. Sean Kelly from Paragon Wealth Managers offers insights on value vs growth investing. Is it one or the other, or is a combo key?

Consultorio bursátil de febrero de 2023 en el que Adrián Godás y Paco Lodeiro respondemos a las preguntas de los oyentes. Las preguntas generales de este mes son sobre los resultados que da la prensa económica, calcular la tasa de reinversión, la estrategia para leer los informes anuales, la estrategia para leer los informes anuales, invertir en empresas fuera de IB y DeGiro, la compensación en acciones y el flujo de caja libre, el plan de remuneración con acciones de empresas no cotizadas, el CFA y el EFA, el uso de Duolingo, cómo invertir una gran suma de dinero, la evolución del dinero total en el mundo, alternativas para invertir a un plazo de un año y medio con bajo riesgo, el cálculo del BPA y la estimación del TAM y finalmente sobre el goodwill y definiciones contables. Las dudas sobre empresas y sectores son sobre Claurs, Yeti Holdings, Delko y Sonel, Hammond Power Solutions, el Benfica, Thungela y el carbón térmico y sobre Alphabet y Helium.

A look at the SA economy from an investor's perspective is the focus in this edition of the Business Day Spotlight. Our host Mudiwa Gavaza is joined by Jacques Conradie, CEO of Peregrine Capital. Through the discussion, Conradie outlines Peregrine's investment philosophy; reviews the performance of its funds in 2022; learnings from investing in Thungela; local versus international investments; and a 2023 investment outlook. Business Day Spotlight is a TimesLIVE Production.

Independent analyst Jimmy Moyaha unpacks the updates from Thungela and British American Tobacco. Kevin Brady from A2X on the growth on the alternative exchange and getting companies to list. Simon offers his thoughts on how markets struggled in 2022.

Herenya Capital Advisors's Petri Redelinghuys on the charts for Thungela and Kumba as they both struggle with the Transnet force majeure. Where are the buying zones? Tasneem Samodien from Old Mutual talks the return to coal and if it'll last. Marius Reitz from Luno on cryptos as Bitcoin is surprisingly less volatile than equities.

Lonwabo Maqubela from Perpetua Investment Managers unpacks results from Aspen and Woolies. Henry Laas of Murray and Roberts on results as the near order book surges. Integral Asset Managers's Bruce Williamson talks the upside for Thungela as coal prices remain elevated.

Bruce Williamson of Integral Asset Managers looks into Thungela's dividends and Afrimat's Glenover Phosphate project.

Mia Kruger on Exxaro and Curro results.Jonathan Hurvitz group CEO Teljoy on the importance of brands and the shift to access over ownership. Simon thoughts on the Nasdaq is now in a bull market.

A forgotten term, The Fed Put, has re-entered Wall Street's vocabulary. Stock and bond participants are betting the US Federal Reserve Bank is bluffing and will stop raising interest rates when economic damage becomes obvious. Fed officials have been doing their best in public statements to say the opposite. Also in this episode of the BizNews Breakfast Briefing - after hitting a six month low earlier in the week, the oil price is edging back towards $100 a barrel; Bitcoin's rally appears to have petered out; and the Rand fell sharply overnight against the US Dollar. On the JSE, it was all about Grindrod yesterday after the company released a trading update that sent its already elevated share price higher still (+138% year to date). R1.25trn needed to end load-shedding by 2035 Thungela still burning bright Apple products currently worth buying In-depth with Mike Brown, SA's longest serving bank CEO: Nedbank, digital revolution, renewables, fintechs, greylisting and crypto Learn more about your ad choices. Visit megaphone.fm/adchoices

Mining Weekly Editor Martin Creamer discusses Exxaro's renewables company Cennergi's agreement with Enertrag for the development of renewable projects in Mpumalanga; Exxaro eyeing green hydrogen; and Thungela's renewables move, as well as its free cash sharing and its initiative to plant a million trees.

Simon Shares BHP Group* (JSE code: BHG) results, have we peaked? Absa (JSE code: ABG) results, but maybe the ore important point of the results is their expectation that prime will hit 11% early in 2023. Chip shortage seems to be easing. Nasdaq is in a bull market, +20% off mid-June lows. Brent oil falling. Current petrol price reduction is 260c for September. UK inflation is 10.1% for July. Charles Savage tells us his fav ETFs Rochelle Writes, pay down debt or save more with high rates. Thungela resources (JSE code: TGA) still a buy? R60 dividend, 40% forward DY HEPS 6723c, forward PE 2.5x Mis-priced at listing, unbundling often cause this to happen. Ukraine's war gave it new legs. Risks Coal price Rand strength Ukraine war Transnet * I hold ungeared positions.  

Russian oil is getting through to users despite Western sanctions, a reality that's starting to dawn on the market and analysts with Barclays yesterday joined Goldman Sachs in sharply dropping its oil price forecast. A record dividend declaration by BHP in its annual results released yesterday highlighted Anglo American's coal blunder. The 26% bottom line surge at 'The Big Australian' was solely due to the higher contribution from its booming coal interests - Anglo bowed to ESG-driven pressure to offload its coal assets through JSE listed ten-bagger Thungela. Also in this episode, quarterlies from US retailers surprise on the upside; lower US housing starts show the market is cooling; and venture capital legend Marc Andreessen invests $350m into the latest business idea floated by WeWork founder Adam Neumann, confirming an unlikely comeback by the Israeli serial entrepreneur. Not much Good at all about De Lille's Public Works shambles How world sees SA: What happened to Mandela's dream? The chickens are coming home to roost for Pfizer Learn more about your ad choices. Visit megaphone.fm/adchoices

Coal mining and exporting company Thungela, which generated R8.9-billion free cash in the first six months to June 30, is sharing R500-million of it with employees and communities, is setting out to plant a million trees to purify water, is putting in solar power to reduce its carbon footprint as it charts a pathway to net zero, has introduced a programme to uplift small enterprises, is opening a new replacement colliery, and is going out of its way to ensure that Mpumalanga is not left behind when the province transitions out of coal. Taking into account the latest interim dividend as well as the R137-million Thungela distributed earlier this year, every one of the company's 4 500 qualifying employees will get about R100 000 each while the community trust works on how to best use the nigh-R400-million contributed to it to ensure that the trust outlives the mines. The Johannesburg- and London-listed company is trialling water management technologies involving phytoremediation and taking environmental protection steps under its environmental, social and governance (ESG) commitments. Twenty thousand trees have already been planted, of a kind that are able to lock up the sulphates and heavy minerals in the mine contaminated water so that cleaner water can be discharged. A 4 MW solar photovoltaic plant is going up at Thungela's Zibulo mine and the upcoming Elders mine, a replacement mine, will be solar powered as well. The Department of Water and Sanitation (DWS) has approved its remediation plan to restore the river system that was polluted by a spill into the Kromdraaispruit and Wilge river, and the former Kleinkopje mine is being held up as an example of how mine land can be returned to sustainable use. Seen as encouraging by the company are recognition by the Intergovernmental Panel on Climate Change (IPCC) that carbon removal technologies, such as carbon capture, storage and use (CCSU), will have to play a role in helping to meet global climate change mitigation targets, as well as the work being done by the US'Environmental Protection Agency (EPA) to find more uses for carbon dioxide (CO2) once it has been captured. These and many more points were made by Thungela CEO July Ndlovu in a Teams interview with Mining Weekly. (Also watch attached Creamer Media video.) Mining Weekly: How is the R500-million being distributed to workers and community members? There are two trusts, and each one is going to get R250-million. The Employee Partnership Plan involves roughly 4 500 qualifying employees, and if you take what we distributed in respect of 2021, and this dividend, it equates to roughly R100 000 per qualifying employee. The other trust, the Nkulo Community Partnership Trust, has got its own rules, and they are working on how to use almost R400-million made in the first year to begin to build a trust that can outlive the life of our mines. What is your new Thuthukani programme doing to uplift enterprises in Mpumalanga? Thuthukani is another intervention that we have put in place to ensure that we not only incubate small- to medium enterprises, but also give them the skills, as well as access to lending, because that is usually one of the more difficult things. Over and above that, we want to ensure that they've got access to opportunities. That's what that incubation and supply development programme is meant to do. What is Thungela doing to improve the environment under its ESG commitments? We said we will, in the first instance, think broader in terms of ESG, beyond what everyone usually does, which is talk to a subset of ‘E', which is only the emissions rather than the environment. We think about it holistically. Having said that, strategically we have also said that we want to spike on the ‘S' - our employees, communities, and the small-to-medium enterprises in the areas where we operate. Equally, spiking on ‘S' talks to what I spoke to first in our results, which is our commitment to run a fatality-free business, and I'm ...

Deon Smith - finansiele hoof, Thungela

Guest: July  Ndlovu  | CEO  at Thungela Resources See omnystudio.com/listener for privacy information.

Thungela Resources hit the lights out at its half-year mark. The coal miner's profit rocketed from R351 million to R9.6 billion as energy prices surged, in the wake of the Russia-Ukraine conflict. Business Day TV spoke to CEO July Ndlovu for greater perspective on the results and its sustainability moving forward.

July Ndlovu – CEO, Thungela

Makwe Masilela of Makwe Fund Managers looks at JSE and global markets not seeing any movement, economic growth slowing down in China, and the half-year results from Absa and Thungela.

July Ndlovu, CEO Thungela

JSE- and London-listed thermal coal-mining and marketing company Thungela has approved the declaration of an interim gross ordinary cash dividend totalling R8.2-billion from retained earnings accrued during the six months to June 30, on profit for the reporting period of R9.6-billion, which is more than 27 times higher than last year's first-half profit. Thungela was listed in Johannesburg and London in June 2021 following the demerging of Anglo American's the South African thermal coal operations. Although full-year guidance for export saleable production has been revised down reflecting expected ongoing Transnet Freight Rail (TFR) performance, Thungela has a far-reaching value-over-volume plan which could see value remaining sky high on highest-margin coal being railed. Providing insight into the context in which Thungela presented such impressive results, Thungela CEO July Ndlovu outlined how the Russia/Ukraine conflict's demand pull had been coupled with supply constraints across the major coal-producing regions, resulting in coal prices soaring to unprecedented record levels. Despite TFR's under-performance hindering Thungela's ability to take full advantage of the strong demand environment, the company delivered operating free cash flow of R8.9-billion resulting in a net cash operating free cash flow position of R14.8-billion – R11.8-billion more than in the first half of 2021. The board's R60 a share represents 92% of operating free cash flow and is way above the stated policy of returning a minimum of 30% of free cash flow to shareholders. In addition to the R273-million received by the trusts in 2021, the SACO Employee Trust and Nkulo Community Partnership Trust will receive R500-million in keeping with commitment to share the value with stakeholders. Moreover, on the environmental front, a further R200-million half-year discretionary contribution has also been made to the company's Green Fund. Thungela is distributing all excess cash above the liquidity buffer of R6-billion. The board has also approved the R2-billion Elders production replacement project, which maximises coal quality. Elders will replace volumes from the Goedehoop colliery, which is coming to end of its life. “This is quite an important project as it will allow us to preserve jobs and livelihoods of particularly small enterprise businesses within the region that we operate,” Ndlovu told a media conference in which Mining Weekly participated. In June, Thungela launched the Thuthukani supplier and enterprise development programme to support local business and stimulate job creation. Thuthukani means to uplift in isiZulu and the programme aims to provide hands-on entrepreneurial business support in the form of non-funding technical enablement to small enterprises in Mpumalanga, around Thungela's mines. Thungela is seeking to geographically diversify its coal business. RAIL CONSTRAINT EXPECTED TO REMAIN Although improvement is expected from TFR given work done, Thungela has decided to be conservative in its expectation by continuing to implement its mitigating actions and lowering production guidance from 14-million tonnes to 15-million tonnes to 13-million tonnes to 13.6-million tonnes. The lower guidance does not rely on material improvement by TFR. The expectation is that capital expenditure in 2022 will likely be on the lower end of the guided R1.7-billion to R2-billion. HIGHEST MARGIN COAL TO BE RAILED In response to Mining Weekly, Ndlovu pointed to the announced likelihood of only 60-million tonnes of coal being railed through the rail corridor to Richards Bay Coal Terminal in 2022, requiring Thungela to mitigate its business by setting out to rail the highest-margin coal. The results just out also involved Thungela taking action to ensure that it sends the highest-margin coal down the corridor to maximise earnings. The first mitigating action taken is to stockpile where necessary lower-margin, lower-grade coal, such as middlings coal. The secon...

Peregrine Capital tries to find companies that are most mispriced, where you will get the most for what you pay: CEO Jacques Conradie.

After going gangbusters in July, share markets in the US (and SA) took a breather yesterday easing back a few points. On the local market, a trading update from coal producer Thungela Resources revealed a 20x jump in its profits for the six months to end June, supporting a surge from R80 to almost R300 in its share price this year. Also in this episode of the BizNews Breakfast Briefing, China is moving back onto centre stage as its Belt and Road initiative hits major obstacles with some recipients of Beijing's loans needing to expand them just to meet interest commitments. Learn more about your ad choices. Visit megaphone.fm/adchoices

Deon Smith – finansiële direkteur, Thungela

With ‘the price of coal at all-time record highs, suddenly there's all sorts of talk about expansion and new coal. That demonstrates the hollowness of a lot of the ESG talk that we've seen over the last couple of years': Tracey Davies of Just Share.

Anchor's Deryck Janse van Rensburg unpacks Barloworld and Netcare results. Dis-Chem CFO Rui Morais talks results as acquisitions start generating profits. Tracey Davies of Just Share on the Thungela and Exxaro AGMs, are these miners serious about climate risks?

Robyn Hugo – Director: Climate Change Engagement, Just Share

‘The Russian invasion has just worsened things dramatically. There is just not enough energy in many other countries...in particular in Europe. So the demand for coal is extremely strong': Bruce Williamson – Integral Asset Managers.

The South African (SA) stock market fell for only the third time in the past 18 months in April, as risk appetite soured globally. There were few places to hide on the local bourse, though coal exporter, Thungela, continued to benefit from surging global energy prices, with the stock up 48% MoM and 222% higher YTD, having risen elevenfold since listing less than a year ago. Sasol, the other local beneficiary of higher energy prices, was up 11% MoM. We've started May with most global markets giving in to the bears, bonds rising, the dollar strengthening and central banks eating lots of humble pie. The diary is full of Fed speakers this week, which will give them plenty of opportunity to keep up the hawkish chorus. Let's find out what the animal spirits are telling us with Chris Holdsworth, chief investment strategist at Investec Wealth and Investment

‘I would be very, very cautious about the [leisure stocks]. They have been the hardest hit over the pandemic, I think': Carmen Mpelwane – Absa Asset Management.

Mpumi Sithole – Executive Head: Corporate Affairs, Thungela Resources

Preston Nairasamy of Nedbank Private Wealth on Thungela results and its 1 800c maiden dividend.Attacq CFO Raj Nana on results as debt drops 15.4%. Dobek Pater of Africa Analysis on the spectrum auctions and what it means for consumers.

JSE- and LSE-listed thermal coal miner Thungela Resources recorded a 601% year-on-year increase in revenue to R26.28-billion in 2021, pushing it to a profit of R6.94-billion, from a loss of R362-million in the prior year. The miner posted headline earnings a share of R66.57 for 2021, compared with a headline loss a share of R5.31 in 2020. It has declared a maiden cash dividend of R18 a share, payable in May. Adjusted earnings before interest, taxes, depreciation and amortisation increased by 3 389%, from R286-million in 2020 to R9.98-billion in 2021, while adjusted free operating cash flow increased to R3.92-billion in 2021, from a loss of R249-million in 2020. As such, Thungela held R8.66-billion in net cash at the end of 2021, compared with debt of R388-million in 2020. The improvement in its financial performance came on the back of Thungela being buoyed by the benchmark thermal coal price, which strengthened by 90% to $124/t, although the stronger rand offset some of the gains. In addition, the discount to benchmark prices narrowed substantially from 26% in 2020, to 16% in 2021, resulting in higher realised coal prices of $104/t in 2021, up from the $48/t achieved in 2020. Being primarily an exporter, Thungela's revenue was positively impacted on by increased demand for high-quality South African coal. Developing economies in India, Pakistan, Sri Lanka and Vietnam are on a path of recovery, post-Covid-19, and are experiencing an increased demand for energy, prompting those countries to source more coal. Thungela did, however, record a 16% decrease in export sales to 15-million tonnes in 2021, as a result of disruptions on Transnet Freight Rail's (TFR's) operations. CEO July Ndlovu says Thungela is, nevertheless, committed to working with TFR, the government and the industry to resolve the transport issues experienced in 2021 and at the start of this year. “We believe the challenges are transient and have planned our operational performance on a gradual, rather than an immediate recovery in rail performance. This is of national concern given that coal exports constitute one of the primary sources of foreign currency generation for South Africa,” he adds. In terms of health and safety, the miner improved its total recordable case frequency rate to 1.35 in 2021, down from the 1.51 of 2020. However, Thungela recorded a fatality at its Goedehoop operation in June 2021. Meanwhile, the miner's Khwezela colliery suffered a spill of mine-contaminated water into a nearby river system on February 14 as a result of an overflow from a disused shaft, which led into the mouth of the Loskop dam, a distance of about 60 km. “The impact on the ecology was significant; however there were no livelihoods at risk,” says Ndlovu. “We took immediate actions . . . ma[king] water in the river system safe for use as we speak. We are now in the process of developing a longer-term plan to mitigate the impacts on the ecology and return the . . . river system to what it was before this incident,” he says. Once Thungela was alerted to the spill, it immediately implemented an operation to stop the flow and started work with the parks board and Department of Water and Sanitation on rehabilitation procedures. This required Thungela, at its own cost, to release water from the Bronkhorstspruit dam into the Wilge river and the Witbank dam. “We continued to monitor the quality of the water and, within 24 hours of us releasing the water, the quality had [returned] to being safe. “There is aquatic life that is beginning to show itself in the river systems; however, we are conscious of the fact that once [acid water is spilled] aquatic life [is destroyed] in a significant way,” says Ndlovu. Subsequently, Thungela has hired experts to help it develop a plan to bring the natural water system back to its natural form in the future. OUTLOOK For the remainder of this year, Thungela expects a gradual rather than immediate recovery in TFR's performance. It, therefore, p...

Ricus Reeders from PSG Wealth Sandton chose Thungela as his stock pick of the day and Caroline Cremen from Adviceworx chose Cyber Security

FNB's Chantal Marx talks the trading updates from Grindrod and Thungela Resources. Nampak CEO, Erik Smuts, on results as the company moves back into profit. David Shapiro from Sasfin on 50 years in the stock market, do managers matter and do equities really create wealth?

Thungela Resources, a major coal exporter which demerged from Anglo American in June, saw its share price fall last month when it reduced its production targets in response to poor rail performance. Thungela and most other big coal miners are stuck. Their masses of export coal have always moved through Richards Bay Coal Terminal (RBCT) by rail. Comments by Transnet CEO Portia Derby are revealing. Poor maintenance is a notable problem, while many of Transnet's troubles relate to procurement, she said, adding that the challenge of procuring quickly and competitively in the state is “really huge”. While Transnet has introduced a new procurement policy to streamline the process internally, approvals are still needed from the Treasury and can be particularly challenging when something is designated. For example, “track rails are not manufactured in SA and yet there is a designation that says we must buy them in SA. Now, you cannot imagine the time it takes to argue about that,” Derby said. Dreadful example of the costs of an ill-considered localisation drive. A recent Centre for Development and Enterprise sponsored paper shone a spotlight on the policy of localisation. To talk about this Michael Avery is joined by Ann Bernstein, Executive Director of the CDE And Saul Levin, Executive Director of TIPS

July Ndlovu – CEO, Thungela Resources

Offshore / US inflation comes in as expected / Britain's GDP grew by 4.8% in the second quarter of this year, leaving the economy just 2.2% below its pre-pandemic level / Google employees who work from home could lose money / US infrastructure bill moving forward / India to unveil US$1.35trillion infrastructure bill Local / 100mw power generation laws gazetted / Naspers / Prosus swap is unconditional / Strong Merafe results / MTN results and Sanlam tie up / Nedbank results / Exxaro and Thungela results

In my tweede gesprek met Christiaan Bothma van Sanlam Private Welvaart gesels ons oor die steenkool sektor, en spesifiek twee SA steenkool spelers in die sektor, Exxaro en Thungela.

In my tweede gesprek met Christiaan Bothma van Sanlam Private Welvaart gesels ons oor die steenkool sektor, en spesifiek twee SA steenkool spelers in die sektor, Exxaro en Thungela.

Thungela Resources was recently spun out of Anglo American as Anglo exited coal, CFO of Thungela, Deon Smith provides insight to the opportunities that lie ahead despite the longer-term uncertainty around fossil fuels. 

Enerji Günlüğü Haber Bülteni:Türkiye'nin ve Dünyanın Enerji Gündemienerjigunlugu.net

Viv Govender of Rand Swiss on the Thungela listing and the FirstRand update. Sirius Real Estate CEO Andrew Coombs talks the company's strong results, boosted by flexible workspace in the German SME market. Marianka Victor, CEO of Ancora Property Group, takes a look at the growth of township malls.

This morning's debut by new JSE listing, coal mining group Thungela Resources, was tarnished by a research report claiming the company has massively understated liabilities and is essentially worth zero. Tungela's share price lost 10% from early trading levels. The parade-rainer came in the form of a 39-page research report from Boatman Capital, which reckons SA's new legislation on mining rehabilitation will swallow more that the Anglo American coal division spinoff is worth. In this podcast, Thungela CEO July Ndlovu argues the Boatman report is fatally flawed because it assumes draft legislation will be enacted in its current form. He says neogtiations with government, which have already lasted six years, are far from finalised. Veteran mining analyst Peter Major also weighs in.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro, Denker Capital's Kokkie Kooyman on FNB's booming update, Thungela CEO July Ndlovu on new JSE listing, William Saunderson-Meyer on Zweli Mkhize's options and the BizNews Power Hour team.

In this podcast, South Africa's favourite market watcher David Shapiro provides perspective on the three big stories of the moment - drawing on the wisdom earned through decades of experience in the markets.

Thungela Resources has joined the JSE. The coal miner is a spin off from Anglo American, and its listing comes as investors and funders increasingly shun fossil fuels due to growing climate change concerns. Business Day TV spoke to CEO July Ndlovu about Thungela's investment case.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro, Denker Capital's Kokkie Kooyman on FNB's booming update, Thungela CEO July Ndlovu on new JSE listing, William Saunderson-Meyer on Zweli Mkhize's options and the BizNews Power Hour team.

In this podcast, South Africa's favourite market watcher David Shapiro provides perspective on the three big stories of the moment - drawing on the wisdom earned through decades of experience in the markets.

This morning's debut by new JSE listing, coal mining group Thungela Resources, was tarnished by a research report claiming the company has massively understated liabilities and is essentially worth zero. Tungela's share price lost 10% from early trading levels. The parade-rainer came in the form of a 39-page research report from Boatman Capital, which reckons SA's new legislation on mining rehabilitation will swallow more that the Anglo American coal division spinoff is worth. In this podcast, Thungela CEO July Ndlovu argues the Boatman report is fatally flawed because it assumes draft legislation will be enacted in its current form. He says neogtiations with government, which have already lasted six years, are far from finalised. Veteran mining analyst Peter Major also weighs in.

Authority in mining investment, Peter Major, joined the BizNews Power Hour to discuss the recent announcement from Anglo American. The mining company has decided to separate its SA coal mines into a new business, Thungela resources. Major, Alec Hogg and David Shapiro discuss the investment opportunities around the new company.

Authority in mining investment, Peter Major, joined the BizNews Power Hour to discuss the recent announcement from Anglo American. The mining company has decided to separate its SA coal mines into a new business, Thungela resources. Major, Alec Hogg and David Shapiro discuss the investment opportunities around the new company.

July Ndlovu – CEO, Thungela