Investec Investec Focus Radio SA

Investec Minds Ep 5 | Nick Holland on decisions that reshaped Gold Fields

Loading player...
Some of Nick Holland’s biggest decisions took years to prove their worth. The former Gold Fields CEO joins Investec’s Nkateko Mathonsi to discuss the unbundling that created Sibanye Gold, and his backing of the Chilean mine Salares Norte long before production began. He explains why safety meant stopping production, and why higher output does not always mean better returns. Watch episode 5 of Investec Minds for a conversation about the judgement mining demands and the conviction to invest beyond your own tenure.
Chapters
  • 00:00 Introduction
  • 00:44 From gold mines to vineyards
  • 02:06 Putting safety ahead of production
  • 05:29 Making every once count
  • 09:48 The split that reshaped Gold Fields
  • 14:13 The value of staying focused
  • 16:11 Finding more gold close to home
  • 18:15 A new deal for mining in Africa
  • 21:38 Can technology unlock South Africa’s gold?
  • 26:16 Salares Norte: the 20-year bet
  • 29:30 Employee ownership that rewards lasting value
  • 33:50 Staying the course under market pressure
  • 36:17 A legacy of empowering people
  • 38:37 South Deep: the persistence that paid off
  • 40:24 Determined to lead, committed to care
  • 40:49 Gold for protection, copper for progress
  • 42:09 Creating value beyond shareholders
10 Nov English South Africa Business · Investing

Other recent episodes

Macro Monday Ep139: The three major effects of the US midterms

Democratic Party control of the US House of Representatives and Senate has had three broad market implications: data centre buildouts are unpopular with voters; Congress will likely limit military escalation in the Middle East (which could bring down energy prices); and slower artificial intelligence-linked investment could be good for US…
9 Nov 6 min

No Ordinary Wednesday | Has the AI boom got ahead of itself?

AI agents have entered the workplace, robots are edging closer to our homes and billions continue to flow into the infrastructure powering artificial intelligence. But as technology advances, are the returns keeping pace with expectations? In this episode of No Ordinary Wednesday, Investec Global Equity analysts David Smith and Zane…
3 Nov 31 min

Macro Monday Ep138: The beats go on for US equities

Global equities continue to advance, while US corporate earnings continue to beat expectations. Taking into account these ongoing beats, notes Global Chief Investment Officer Chris Holdsworth, the overall US market now trades at just under 20 times earnings, which is not excessive by historical standards.
2 Nov 8 min

Macro Monday Ep137: Mortgage market an orange light for the US economy

The US economy continues to grow, thanks to ongoing investment into AI, and despite federal government indebtedness and higher inflation because of rising fuel prices. One area where the strain is showing though, says Global Chief Investment Officer Chris Holdsworth, is in the housing market, where mortgage rates are climbing…
26 Oct 8 min

No Ordinary Wednesday: IMF 2026 | AI, debt and the global investment outlook

AI investment is supporting growth, but its wider benefits remain uneven. Where will global capital go next, and what will businesses pay to access it? In this special edition of No Ordinary Wednesday, Cumesh Moodliar, CEO of Investec South Africa, and Andrew Lillywhite, head of bank funding group at Investec…
19 Oct 26 min
All episodes