BizNews BizNews Radio

Gold Fields CEO Chris Griffith to shareholders - Hang in there; Mr Market's reaction to $6.7bn Yamana deal is all wrong

Loading player...
Shareholders were unimpressed by the proposed $6.7bn price which SA's Gold Fields Limited has agreed on to buy Canadian peer Yamana Gold. The acquiring company's share price dropped 22% on the news and shows little signs of recovering, But Gold Fields CEO Chris Griffith believes Mr Market has this one wrong - and in this podcast with BizNews founder Alec Hogg, shares the message he has been sharing during face-to-face discussions in his US roadshow. The message: hang in there - once the analysts fully digest what this deal actually means, they'll be a lot more positive. Learn more about your ad choices. Visit megaphone.fm/adchoices
1 Jun 2022 6AM English South Africa Investing · Business News

Other recent episodes

BizNews Edge: Stranger than fiction - Jooste's consigliere meets ET-type end

Today's BizNews Edge covers three stories that cut to the heart of South African business and politics. John Steenhuisen has broken publicly with the DA, naming Geordin Hill-Lewis and Tony Leon in allegations that threaten serious damage to the party just months before the 2026 municipals. Prosus, once a byword…
29 Jun 5AM 24 min

Criminalising corporate silence with Wendy Addison

South Africa's first high-profile whistleblower Wendy Addison is done talking shop. She's raised a criminal docket against a corporation and its directors for silencing two financial industry whistleblowers — and she thinks it could be a watershed moment. Can personal criminal accountability finally give whistleblower protection real teeth?
29 Jun 3AM 23 min

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
28 Jun 9PM 15 min
All episodes