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 {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
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.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
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.
