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.

Sasol share price slumps amid operational challenges and global market pressures
Commenting on the retirement of longstanding Capitec CEO Gerrie Fourie and his replacement by Graham Lee, Radebe Sipamla, co-portfolio manager