SA's in form fund manager talks MTN, Competition Commission and Exxaro - Piet Viljoen

One of South Africa's in form fund managers and Thursday's BizNews Power Hour regular co-host, Piet Viljoen is the man to talk too in the midst of reporting season on the JSE. MTN's results, which is one of the largest holdings in the Counterpoint Value Fund, was well received by the market with the share hovering around the R120 level almost 4% up on the day. Another talking point was Cashbuild's proposed acquisition of Pepkor-owned The Building Company falling through as the Competition Commission blocked the transaction on anti competitive grounds. Lastly, with South Africa's premier coal producer Exxaro having released it's bumper results earlier this morning, Piet explains the reasons for the stark contrast in valuation between ESG-related renewable energy businesses vs its non-renewable peers, despite the ESG theme being somewhat overdone. Learn more about your ad choices. Visit megaphone.fm/adchoices