Anglo Platinum's CEO steps down - why?

Chris Griffith is stepping down as CEO of Anglo American Platinum.

He'll be resigning after more than seven years in the post, at the age of 55.

Bruce Whitfield wanted to know if the markets, or policy uncertainty, maybe played a role in his decision.

I'm certainly not retiring. I'm stepping down as the CEO but I'm not retiring. I don't yet know what my steps are going to be.

Chris Griffith, outgoing CEO, Anglo Platinum

In real terms platinum has not reached an all time high. I think there's more growth for rodium, for palladium - good fundamentals that are driving price, not speculation. Although you speak of platinum being flat the basket price in dollar terms is up by 27% These fundamentals have been coming for some time, we've been predicting some time now.

Chris Griffith, outgoing CEO, Anglo Platinum

None of my decisions to step aside has anything to do with policy uncertainty. Think back to the Kumba days when I was CEO there and some of the very difficult decisions.
We took on government, we eventually took them to the constitutional court about some of the rights they were trying to take away from us and hand over to a small crowd called Imperial Crown Trading. It's not that I'm afraid of conflict or doing the right thing.

Chris Griffith, outgoing CEO, Anglo Platinum

Listen to the full interview below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to support outdoor entertainment indoors

How to support outdoor entertainment indoors

Theatres across the world have gone dark, but you can still support and watch the arts while at home

Lockdown: Companies with good service on social media - and those without

Lockdown: Companies with good service on social media - and those without

Consumer journalist Wendy Knowler investigates which companies are meeting their customers’ needs on social media.

How did a single Netcare hospital become the epicentre of Covid-19 in KZN?

How did a single Netcare hospital become the epicentre of Covid-19 in KZN?

Bruce Whitfield interviews Richard Friedland, CEO at Netcare – owner of the hospital at the epicentre of KZN’s Covid-19 outbreak.

ANC wants FW de Klerk to retract statement 'that undermines our people'

ANC wants FW de Klerk to retract statement 'that undermines our people'

African National Congress Pule Mabe says as a party they have procedures they use to voice concerns.

Dad making a template for buying toaster has social media in stitches

Dad making a template for buying toaster has social media in stitches

Khabazela shares some of the videos that went viral on Twitter and Facebook.

#SONA2020:  On Eskom, SAA, land distribution, the NHI and dagga

#SONA2020: On Eskom, SAA, land distribution, the NHI and dagga

''Municipalities can procure their own power from independent power producers''. Highlights of SONA 2020

Popular articles
COVID-19 death toll rises to 18 in SA, cases at 1,845

COVID-19 death toll rises to 18 in SA, cases at 1,845

In a statement released on Wednesday night, the minister said the cases had gone up to 1,845.

Lockdown: Companies with good service on social media - and those without

Lockdown: Companies with good service on social media - and those without

Consumer journalist Wendy Knowler investigates which companies are meeting their customers’ needs on social media.

How to support outdoor entertainment indoors

How to support outdoor entertainment indoors

Theatres across the world have gone dark, but you can still support and watch the arts while at home

How did a single Netcare hospital become the epicentre of Covid-19 in KZN?

How did a single Netcare hospital become the epicentre of Covid-19 in KZN?

Bruce Whitfield interviews Richard Friedland, CEO at Netcare – owner of the hospital at the epicentre of KZN’s Covid-19 outbreak.

Expect no price hikes or shortages (except rice, pasta) from us - Tiger Brands

Expect no price hikes or shortages (except rice, pasta) from us - Tiger Brands

Tiger Brands CEO Noel Doyle assures South Africans that there are sufficient supplies of most of the company's products.

Dis-Chem launches drive-through COVID-19 testing sites

Dis-Chem launches drive-through COVID-19 testing sites

The company says the tests will cost R850 each and it may take 24 to 48 hours to get your results back.

#COVID-19: Old Mutual offers 4bn worth of free life cover to health workers

#COVID-19: Old Mutual offers 4bn worth of free life cover to health workers

The company is making it available to approximately 430,000 registered healthcare workers on the front-line of the pandemic.

Lockdown shelters in Tshwane helping reunite the homeless with their families

Lockdown shelters in Tshwane helping reunite the homeless with their families

Joanne Joseph speaks to City of Tshwane administrator spokesperson Omogolo Taunyane- Mnguni to find out more.

Only fruit and veg, fresh meat, grocery, spaza shop permits to be issued - Cogta

Only fruit and veg, fresh meat, grocery, spaza shop permits to be issued - Cogta

Deputy Minister Obed Bapela says permits fro cooked food will not be issued as well as furniture shots.

Savanna Virtual Comedy Bar launches on Thursday, featuring comedic heavyweights

Savanna Virtual Comedy Bar launches on Thursday, featuring comedic heavyweights

Bruce Whitfield and comedian John Vlismas share a few Covid-19 jokes and discuss the launch of the virtual comedy club.