Simon’s weekly wrap: A look into the future of banking


I chatted to author TJ Strydom about his recent book, Koos Becker’s Billions. It’s a great read and reminded me that while we all know the story of Tencent, his business life has many other notable achievements that would stand out if not overshadowed by one of the most successful investments ever.

I chatted with Bruce Williamson of Integral Asset Managers about Thungela Resources’s latest dividend and he’s expecting the full year one to be even bigger than what was declared in the interim results. We also touched on Afrimat after its failed Gravenhage deal and the huge success of the Glenover Phosphate project.

I chatted with Xolani Mbambo, CEO designate of Grindrod about results and how it views coal demand as they ramp up capacity at Maputo. I also asked about the sale of Gindrod Bank to African Bank and what the expected timelines are.

Discovery Bank CEO Hylton Kallner is always a great guest for insights into banking and especially the digital trends in the industry. We spoke about the recently published report of the future of banking in South Africa. Insights include the adoption of online channels, including by older clients who would normally be expected to prefer branch visits.

Also this week: Barloworld’s gender-linked bond joins the JSE’s Sustainability Segment, ‘This instrument aims to create gender diversity. It was targeted at participation of women-owned businesses in the economy through its supply chain’: Valdene Reddy, director of Capital Markets at the JSE.

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