Podcasts about thungela resources

Absa appoints Kenny Fihla as CEO – A move expected to bring much-needed stability and leadership clarity.Thungela Resources' results – Despite a 27% drop in earnings due to weaker coal prices, the company remains resilient with strong dividends and improved export prospects.Transnet's rail performance – Notable improvements have strengthened South Africa's mining outlook.

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.

Stephen Grootes speaks to Judy 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.See omnystudio.com/listener for privacy information.

Creamer Media's Chanel de Bruyn speaks to Engineering News Editor Terence Creamer about plans by South African coal miners Seriti Resources, Exxaro Resources and Thungela Resources in the renewables space and how that positions them for the future. This is all happening at a time when the coal market is experiencing significant demand growth as a result of Russia's invasion of Ukraine and the impact thereof on the global energy sector.

Siboniso Nxumalo discusses the latest market news of the week, unpacking results and performance drivers from Absa and Thungela Resources.

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

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

FNB's Wayne McCurrie on the proposed Shaftesbury and Capital & Counties Properties merger. Bruce Williamson from Integral Asset Managers on the investment case for highflying Thungela Resources. Only Realty's Grant Smee on how to make a success of buy-to-let properties.

Join independent analyst Loyiso Mpeta as he shares technical analysis on Thungela Resources and Spur.

Thungela Resources share price left bloodied after Transnet signals force majeure.  July Ndlovu, CEO of Thungela Resources explains how the business surviving following the force majeures.  Christelle Colman, insurance expert and Ami Sure's CEO explains why some insurance companies will not ensure areas and homeowners that might be prone to natural disasters. Warren Ingram, Personal Financial Advisor and Executive Director of Galileo Capital tells Bruce Whtifield why consumers are not optimistic enough. See omnystudio.com/listener for privacy information.

Mpumi Sithole – Executive Head: Corporate Affairs, Thungela Resources

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...

Andile Buthelezi from Sentio Capital chose Thungela Resources as his stock pick of the day

Nick Crail from FNB Wealth & Investments chose Anglo American PLC as his stock pick of the day and Ricus Reeders from PSG Wealth Sandton Grayston chose Thungela Resources

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

South Africa's economy was once again saved to a large extent through the pandemic or at least cushioned by the mining industry…commodities may have recently come off the boil tanks to China's crackdowns but t5he last 2 years have seen sustained high prices for PGM's, iron ore, coal, manganese chrome, all major commodities we mine here in South Africa. We have seen this trend reverse over the last few months though. Key commodity prices have rolled over. Iron ore and the PGM's the important ones. Coal thankfully at elevated levels but Transnet woes continue to limit our export capacity Meanwhile, oil has kicked hard. The rand oil price is back to all-time highs and coupled with elevated soft commodity prices is going to put a lot of pressure on disposable incomes. The question is, what will and should mining firms do with the largesse they have generated to date to ensure they are future fit? And it's a key focus area at this year's Joburg mining indaba Michael Avery is now joined by Nhlanhla Sibisi, Climate and Energy Campaigner at Greenpeace Africa; Neal Froneman, CEO of Sibanye-Stillwater & July Ndlovu, CEO of Thungela Resources

Nesan Nair from Sasfin Securities chose Thungela Resources as his stock pick of the day

Ricus Reeders from PSG Wealth Sandton chose Barloworld​ as his stock pick of the day and Nesan Nair from Sasfin Securities chose Thungela Resources

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. 

July Ndlovu CEO of Thungela Resources Classic1027 on Twitter #ClassicBusiness · Classic1027 on Facebook #ClassicBusiness

Siboniso Nxumalo shares insights on the lacklustre market performance yesterday – other than surprisingly strong rand hedge stocks despite a strong rand environment – and discusses the listing of AngloAmerican's coal business, Thungela Resources. 

Deryck Janse van Rensburg from Anchor chose Sibanye Stillwater as his stock pick of the day and Gary Booysen from Rand Swiss chose Thungela Resources. Janse van Rensburg said: "I'm going to bring it back home on to the JSE and one of my favourite stocks that I've called a couple of times through the course of the last 12 to 18 months is Sibanye and you know I think the recent news and I think it's just actually generally the platinum, palladium space within the JSE actually looks quite interesting fundamentally right now." ​ Booysen said: "At R33 a share I think there's decent upside in the company, I do get the sense that you maybe there's a couple of hedge funds messing around the share price, plus the retail flow pushing the share price downwards. Yes it's a dirty coal asset but it's got good export markets and it's a well-run business."

July Ndlovu – CEO, Thungela Resources

July Ndlovu CEO of Thungela Resources

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.

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.

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.

Multi-national mining behemoth Anglo American's eagerly anticipated spin-off of its South African coal assets is around the corner. July Ndlovu, CEO of Thungela Resources (ex-Anglo coal) was on the BizNews Power Hour outlining the investment case for the JSE-bound commodity counter. Anglo American has been under pressure from shareholders to disinvest from assets no longer meeting its environmental, social and governance (ESG) standards. The spin-off provides investors with a single commodity counter that is cash generative. BizNews founder Alec Hogg and Sasfin Securities David Shapiro share their pearls of wisdom on the corporate action, having seen many similar types of spin-off scenarios over their years whilst covering the capital markets. The price is likely to be under pressure from the onset, given the predictable sell-off from international investors. This could provide an attractive entry point in the weeks after listing.

Multi-national mining behemoth Anglo American's eagerly anticipated spin-off of its South African coal assets is around the corner. July Ndlovu, CEO of Thungela Resources (ex-Anglo coal) was on the BizNews Power Hour outlining the investment case for the JSE-bound commodity counter. Anglo American has been under pressure from shareholders to disinvest from assets no longer meeting its environmental, social and governance (ESG) standards. The spin-off provides investors with a single commodity counter that is cash generative. BizNews founder Alec Hogg and Sasfin Securities David Shapiro share their pearls of wisdom on the corporate action, having seen many similar types of spin-off scenarios over their years whilst covering the capital markets. The price is likely to be under pressure from the onset, given the predictable sell-off from international investors. This could provide an attractive entry point in the weeks after listing.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro, Anglo American spin-off Tungela Resources CEO July Ndlovu, Raubex CEO Rudolf Fourie on its results and prospects, Irnest Kaplan on Adapt IT and US tech valuations and the BizNews team.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host David Shapiro, Anglo American spin-off Tungela Resources CEO July Ndlovu, Raubex CEO Rudolf Fourie on its results and prospects, Irnest Kaplan on Adapt IT and US tech valuations and the BizNews team.

Xavier Prévost from XMP consulting on the prospects for soon-to-be-listed coal miner Thungela Resources. Moneyweb's Ciaran Ryan on the two local crypto bundles; the risks and differences. Gary Booysen of Rand Swiss talks the Pick n Pay update and JSE food retailers in general, along with his preferred retailer.

Anglo American will spin off its SA coal operations, into a company called Thungela Resources. Volaris Group has made a bid to purchase Adapt IT. More corruption uncovered at Eskom and SA gets another emergency loan from the New Development Bank.

Anglo American will spin off its SA coal operations, into a company called Thungela Resources. Volaris Group has made a bid to purchase Adapt IT. More corruption uncovered at Eskom and SA gets another emergency loan from the New Development Bank.

Anglo American is planning to spin out its South African coal business into a new JSE-listed firm that will be known as Thungela Resources. Business Day TV's Alishia Seckam spoke to July Ndlovu, CEO of Anglo Coal and the designated head of the new entity for more detail on the group's future plans.