Tag: Benguela Global Fund Managers
Sasol has seen an astonishing decline in its share price since Monday’s oil price war. Its share price has fallen over 66 per cent this week and almost 90 per cent this year. For as long as Saudi Aramco and the government keep pumping oil into the market, is it worth holding onto Sasol? Joining CNBC Africa to give analysis is Zwelakhe Mnguni, Chief Investment Officer at Benguela Global Fund Managers and Abdul Davids, Head of Research at Kagiso Asset Management.
Sasol’s joint CEOs Bongani Nqwababa and Stephen Cornell voluntarily resigned following a review of its Lake Charles Chemicals project, which has been hit by delays and rising costs. Sasol’s share price has lost more than a third of its value in 2019 and has declared that they will not declare a dividend in this reporting period. Portfolio Manager at Benguela Global Fund Managers, Karl Gevers joins CNBC Africa for more.
Sasol has announced that it has completed its review into cost overruns at its Lake Charles project and expects to release its results on the 28th of October. The company is at risk of a suspension on the JSE because of the delay. Joining CNBC Africa for more is Karl Gevers, Portfolio Manager at Benguela Global Fund Managers.
Is the grass finally greener for Steinhoff investors? Joining CNBC Africa for more is Zwelakhe Mnguni, Chief Investment Officer, Benguela Global Fund Managers.
Omnia responds to Benguela's allegations.
As Omnia’s shareholders approve restructuring plan, here’s why Benguela was advising clients to dump the stock
Benguela Global Fund Managers say that Omnia’s rising debt levels and balloon working capital requirements were among the reason they advised clients to dump the stock. Having sold out of Omnia at R68 a share, the fund managers are now alleging the management is destructing shareholder and a lack of adherence to ESG standards. CNBC Africa’s Karabo Letlhatlha sat down with Karl Givers, Head of Research, Benguela Global Fund Managers.
CNBC Africa reporter Kopano Gumbi spoke with Karl Gevers, Head of Research at Benguela Global Fund Managers on PwC’s report on the Steinhoff scandal.
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