Negocis i Finances
Finweek - English

Finweek - English 20 February 2020

Finweek is South Africa’s leading financial weekly magazine focusing on investment. With its brisk, creative and authoritative analysis of business and investment issues, it’s an essential business tool in the daily battle for competitive advantage. Today's business decision-makers have to cope with increased pressure on their time and are expected, more than ever before, to succeed in the face of stiffer competition. Finweek provides relevant information in quick bytes, along with award-winning investment advice.

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25 Números

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2 min.
from the editor

hazard lights. The national road signal for “anything goes” in South Africa. Precursors of chaos. Favoured by minibus taxis, like the one that managed to unduly aggravate me recently. In a rush to get home from work, those orange flickers of frustration lit up in the middle of a traffic circle, rendering me completely immobile. A move that irked me to such an extent that when I got going again – I am embarrassed to admit–I sped over a traffic light when the bright amber was practically red. A reaction that made me a pretty crappy driver, especially for the person behind the wheel of the oncoming car that wanted to turn at that light. It’s not the first time a taxi has made me lose my patience. But losing my cool…

4 min.
working with, not against, machines

poor computers research and productivity to social state and factors discuss to South Africa’s that work of this will be most fully be automation. With this is a growth of complements is why this is not working paper policies of this will have all this resulted to why research also because this with social states. I didn’t write the sentence above. Nor did anyone else. It was written by a computer, trained on my previous writing. This is robot-Johan. And it’s pretty awful. Let me explain. I met up with Hanjo Odendaal, a data scientist at 71Point4, a strategic research consultancy in CapeTown. I gave him the text to my first 100 finweek columns (roughly 80 000 words), and he used a long short-term memory (LSTM), an artificial recurrent neural network architecture…

4 min.
plan to develop artisans could help reignite sa’s economy

during the December holidays, I embarked on a 70km trip on a gravel road from Butterworth to Mazzepa Bay, a journey that took me past a village that was once a hotbed for skills development in the former Transkei homeland. The village, known asTeko and situated in Centani, was home to Teko Vocational School. In the 1980s the school was a point of pride for the then Transkei ruler, Kaiser Daliwonga Matanzima, who had figured out that having an army of skilled artisans was vital to luring industrial investors into the rural homeland. When I was passing the village, it struck me that the proposal put forward last year in September by basic education minister Angie Motshekga for the introduction of some form of grade 9 exit examination was nothing new. Motshekga wants…

3 min.
in brief

“IT WILL BE A HERCULEAN TASK FOR SOUTH AFRICA’S ESKOM, BUT THE MOST IMMEDIATE ACTION THE COUNTRY CAN TAKE IS INTRODUCING MORE RENEWABLE ENERGY SOURCES IN THE NATIONAL GRID.” – German Chancellor Angela Merkel, after meeting President Cyril Ramaphosa and Eskom’s newly-appointed CEO, André de Ruyter, on her state visit to South Africa, reported Forbes. Merkel discovered that SA, Germany’s largest trading partner in Africa, uses coal-powered energy for about 90% of its electricity. Germany has emerged as the world’s first major renewable energy economy, with 46% of its energy coming from renewable resources, since Merkel took office in 2005. (Also see p.13) “It was a flagrant assault on electoral rights, our national security and our fundamental values.” – Utah senator Mitt Romney was the only Republican to break with his party and…

3 min.
sustainable pathways considered

april looks like it will become an important month for Anglo American as it marks out the Northern Hemisphere spring for publication of its sustainability report. This year the focus is firmly on when it will sell its remaining South African thermal coal assets. There’s also the question of how the group intends to roll out emissions controls, especially after its CEO, Mark Cutifani, was critical of BHP’s attempts to lessen its own carbon footprint last year. At the time, Cutifani said that former BHP CEO Dr Andrew Mackenzie’s pledge to embark on Scope 3 measures “didn’t quite land right”. Mackenzie’s plan at the time was to extend on-mine emissions (Scope 1) and third-party supplier emissions (Scope 2) to third-party consumer emissions. Cutifani acknowledged the good intentions, but in an interview with finweek…

2 min.
mining power for sa’s grid

The South African mining industry has no option but to make supportive noises regarding the minister of energy and mineral resources, Gwede Mantashe’s, proposal to open the door to private capital for an “independent” energy company. After all, there’s so little meat on the bones of the proposal that it would be foolish to dismiss it outright. The overriding sense, however, is that the mining sector would prefer the department of mineral resources and energy to focus on the low-hanging fruit: Namely, make it possible to produce independent power on a scale that’s planned by, say, Vedanta Resources. Deshnee Naidoo, CEO of Vedanta’s Zinc International division, told finweek earlier in February that her company would “put its hand up” for the development of a hybrid model of energy generation that would make it…