Coal – imagine having a 7bn market cap and you are adding almost half a billion in cash each quarterđđ Have been doing this in various roles for over 2 decades – it is important to block out a lot of noise – dear me, there is a lot of noise – even some years […]
Where are the New Cu Opportunities
By Tshepo Magagane Copper – the ore is simply not there and it is going to get worse. And everyone is going “we want PFS projects” – who is going to define them? Why it is an opportunity greater than AI or the shovels that go into it (ie Nvidia) – prospective tenements are there; […]
SAFE Report Review
Analysed By Tshepo Magagane African Capital Pools (no mention in this SAFE report – I should have accosted them in Brussels in Dec like I just did this week in East Africa when I bumped into the AfDB guys) – it is not the 5% of capital I normally quote – it is actually worse [Only […]
Beyond “Unleashing Capitalism”: What The Economist Gets Wrong About Africa’s Green Future
By Savior Mwambwa, A recent article by the Economist entitled The capitalist revolution Africa needs made for an interesting reading. The Economistâs analysis of “The Africa Gap” correctly identifies critical challenges facing the continent but prescribes solutions that risk repeating past policy mistakes. While market dynamism is crucial, evidence from successful development experiences shows that transformative growth requires […]
EV Tax Break May Lure China to $27 Billion South Africa Industry.
Thoughts By Tshepo Magagane I wrote this a year back about SA’s Northern Cape: remember the existing car industry in Pretoria and Gqeberha – I criticise SA a lot but they get things such as localisation, industrialisation right (think Mintek, CSIR, IDC). NB: 2/3 of light vehicle production are exported from the country (EU top […]
Poverty Economics
Thoughts From Tshepo Magagane https://economics.mit.edu/people/faculty/abhijit-banerjee/poor-economics Poverty – too many people without any idea about it have no qualms about prescribing and proscribing policies about it! To get this out of the way – when you say “I am taking risks”, means that you are blessed with privilege and stop talking about this! I grew up […]
What Is In A Valuation: MineCos vs TechCos
By Tshepo Magagane, Executive Director – Pangaea Advisory / Partner – The Critical Minerals Fund Kobold – people who balk at the USD3bn valuation. I wrote about the fact that investors are only willing to pay USD0.05 for every USD1 generated by Mining Companies v Tech Companies (even Argentina’s bonds have never traded that low) […]
Global Aid Is Complicated. The Solution Doesn’t Have To Be
Opinion Authored By: Samuel Maimbo // Dr. Samuel Maimbo is the vice president for budget, performance review, and strategic planning at the World Bank, and a leading development finance expert. He is a candidate for the presidency of the African Development Bank. Why is the development model set in the wake of World War II not working in […]
Risk Capital
By Tshepo Magagane Risk capital – why the US is so successful (Bezos’ take)! NB: you would not have any of the S&P companies without this. I have a friend who retired with good 9 figures in PE, and currently works with DACH family offices……told him what we are working on and he put the […]
Kobold, Is The Valuation All About AI (ie An AI premium?)
Tshepo Magagane: Executive Director – Pangaea Advisory Group / Partner – The Critical Minerals Fund Maybe at the margins re: having someone like Connie Chan being able to block time out and fly out to Africa then to minesite is an achievement beyond parallel (even AI start-ups in the US will struggle to get a […]