Tag: Zwelakhe Mnguni
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 share price has rose to a one-month high due to the surge in global oil prices impacted by the Saudi Arabia oil attacks. Sasol's share price has hit a low recently due to the looming costs at its Lake Charles project in the US, a delay in its financial results and management issues. Joining CNBC Africa to discuss the investment case for Sasol is Zwelakhe Mnguni, Chief Investment Officer 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.
Steinhoff shares fell a further 3 per cent in early morning trade but has since recovered on the news that creditors would have to wait a little longer to find out who has been nominated to receive consent fees. Zwelakhe Mnguni, Chief Investment Officer at Benguela Global Fund Managers, says that Steinhoff is not the only company on the JSE we should be worried about.
CNBC Africa's Kopano Gumbi spoke to Zwelakhe Mnguni, Chief Investment officer at Benguela Group about the ripple effect that the Steinhoff Saga has brought on.
Fund manager to sue Steinhoff’s ex-CEO Markus Jooste
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