Gold Fields' Preece on S. Africa Power, AngloGold Tie-Up

The video discusses the energy crisis in South Africa, highlighting the roles of both private and public sectors. It emphasizes the need for self-sufficiency and renewable energy adoption. The public sector must tackle corruption and improve operational efficiency. The video also covers discussions with the electricity minister and the potential for international investment in renewables. Additionally, it explores Goldfields' joint venture with Ghana and their acquisition strategy.

What is one of the main strategies businesses in South Africa are using to address the energy crisis?

• Reducing energy consumption by 50%

• Investing in renewable energy sources

• Importing energy from neighboring countries

• Increasing coal production

What is a critical action the public sector must take to address the energy crisis?

• Eliminate corruption and improve operational practices

• Increase energy tariffs

• Focus on renewable energy exports

• Privatize the energy sector

What is the new electricity minister's approach to solving the energy crisis?

• Ignoring renewable energy options

• Relying solely on international aid

• Approaching it from a business perspective

• Focusing on short-term solutions

What is a key factor for attracting international investors to South Africa's renewable energy sector?

• Low labor costs

• Stable political environment

• Confidence in selling energy back to the grid

• High energy prices

What is the nature of the joint venture between Goldfields and Ghana's assets?

• A government-mandated merger

• A hostile takeover

• A win-win opportunity for all parties involved

• A temporary partnership

What is Goldfields' strategy regarding acquisitions?

• Avoiding any acquisitions

• Only acquiring companies in financial distress

• Focusing on large-scale mergers

• Pursuing bolt-on acquisitions

Why did Goldfields not proceed with the Mona opportunity?

• The government did not approve

• The opportunity was not profitable

• They decided to focus on internal growth

• They were outbid by other companies