Commenting on Anglo American’s SA divestment strategy, Izak van Niekerk, Portfolio Manager at Mergence Investment Managers, gives his views on the news of Anglo’s sale of Australian coal assets to Peabody. On convincing the market of their divestment strategy, Izak says that Anglo’s sale of the metallurgical coal business is one of many steps of the divestment strategy and likely one of the (relatively) easier steps. He thinks the big step will be the successful demerger of Anglo American Platinum which is expected by the middle of 2025 only.

MTN cuts capex in SA to R6billion
Reporting on its financial results, MTN said that the post-paid, enterprise, wholesale, digital and fintech segments all recorded good growth