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Simon’s weekly wrap: Mining, banking and retail shifts

This week MoneywebNOW looked at the Discovery Bank model, mining regulations, a new local copper project, how brick and mortar retail is faring, tech shares and more.

Mining by its very nature is a heavily regulated industry. It’s not just the rights to the minerals in the ground that are important – environmental and social impacts are too. I spoke with Jonathan Veeran of Webber Wentzel on how miners are viewing local regulations and the wider issue of certainty in mining regulations due to the long lead times for setting up a new mine.

Staying with mining I spoke with junior mining CEO Errol Smart of Orion Minerals on its new copper project outside Springbok in the Northern Cape. By its very nature junior mining is a high-risk endeavour, but it is a sector in which one sees such confidence from the companies involved and certainly there is opportunity in South Africa with its vast minerals resources.

South Africa has top quality banks but that didn’t stop Discovery* launching its own behavioural finance bank. I spoke with Discovery Bank CEO Hylton Kallner on how the service works, as it tries to nudge clients to make better money decisions. I was also interested to find out if the model is working and if maybe being exclusively online, it skews to the younger generation.

Brick and mortar retail is not dead, but it has struggled under lockdown. I spoke with Fortress Reit’s Vuso Majija on the evolving nature of traditional malls as they continue to adapt to the ever-changing face of retail. One amazing stat from the conversation is that around 75% of all retail sales still happen from malls, even as online shopping grows.

Also this week:

Mia Kruger, director at Kruger International, discussed Bowler Metcalf, Amazon, Alphabet and Google.

*The writer holds shares in Discovery

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