A fund run by one of South Africa’s largest asset managers has altered its approach on platinum, seeing better returns from betting on the physical metal, while offloading shares in companies that produce it as they grapple with a power crisis.
The moves reflect strains on miners from a crippling electricity shortage in the world’s biggest producer of the metal. “We have reduced our holding in the platinum group metals shares and instead bought platinum, which should actually be a beneficiary of South African costs going up,” Nicholas Stein, who runs the Coronation Resources Fund with Nicholas Hops, said in an interview in Cape Town. “By virtue of not owning a lot of PGMs now we don’t have too much South African operating exposure.”
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Sponsored Content: Building business education with purpose.At the beginning of May, Henley Business School recorded another very strong showing in the critically acclaimed Financial Times of London’s global rankings of executive education. The business school, with its campuses in the UK, Denmark, Finland, Malta, Malaysia and South Africa, ranked 20th out of the top 75 business schools globally and number one in Africa. The rankings show that we are the 1 ranked accredited business school in all of Africa for combined open and customised programmes.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »
EXPLAINER | New rules for resolving tax disputes with SARS | BusinessA number of new rules for resolving tax disputes with SARS have been implemented. Knowledge is power when it comes to taxation, says Danielle Luwes. | News24_Business
ソース: News24 - 🏆 4. / 80 続きを読む »
Power cuts drag business confidence to Covid-19 levelsOnly about a quarter of respondents are satisfied with the current operating conditions, according to the RMB/BER BCI
ソース: BDliveSA - 🏆 12. / 63 続きを読む »
Stormers show they mean business with big transfer moves | The Citizen🏉The Stormers mean business 💼SA's top franchise team wasted no time in the transfer market, making big moves to lure players back to SA 💪🏼🇿🇦 Stormers Rugby SportsNews TheCitizenSport Catch up on Stormers news⬇️
ソース: TheCitizen_News - 🏆 6. / 75 続きを読む »
Cash Crusaders interdicts EFF from shutting down its stores | BusinessCash Crusaders has successfully interdicted the EFF from embarking on a national shutdown of the retailer's stores on Thursday over the political party's allegations its CEO Brent Topat suppressed black-owned franchisees. | News24_Business
ソース: News24 - 🏆 4. / 80 続きを読む »
WATCH | South African company tackles food waste, greenhouse gas emissions | BusinessA South African company is cutting food waste at landfills, by using an ancient process to turn it into compost.
ソース: News24 - 🏆 4. / 80 続きを読む »