Kevin Davie

Kevin Davie is M&G's business editor. A journalist for more than 30 years, he has worked in senior positions at most major titles in the country. Davie is a Nieman Fellow (1995-1996) and cyberspace innovator, having co-founded SA's first online-only news portal, Woza, and the first online stockbroking operation. He is a lecturer at Wits Journalism. In his spare time he can be found riding a bicycle, usually somewhere remote.

No image available
/ 6 June 2008

Sasol’s profit rockets to R100m each day

If you’re planning to raise a second bond to buy your next tank of fuel, you will not be overjoyed to know that coal-to-liquid giant Sasol is making over R100-million a day in profit. An industry analyst familiar with Sasol’s cost structure says that the company, because its assets are largely depreciated, has low running costs. He calculates these, including the cost of coal, at $35 a barrel.

No image available
/ 1 June 2008

Cycling in thin air

Kevin Davie recalls the warm hospitality of the people of Lesotho and the variable weather conditions in which they live. The village of Ha Sepechela is pretty remote, comprising about 30 chimneyless huts. Here residents leave the top half of their stable-type doors open to allow smoke to escape.

No image available
/ 26 May 2008

The end of oil is nigh

If all the oil the world ever had could be shown on a dashboard fuel gauge, where would the needle be pointing now? Peak oil pundits, who have long said that the world will in time run out of oil, would answer "halfway". This school of thought has enjoyed only fringe status until recently, but is now fast moving to the mainstream as crude oil prices continue to break new records.

No image available
/ 21 April 2008

Mthombo vs Mafutha

Benny Mokaba, an executive director at Sasol is, among others things, the company’s Mafutha champion.This is the Sasol 4 project, an 80 000 barrel-a-day coal-to-liquid (CTL) plant to be built either in Limpopo or the Free State. Mokaba is the kind of guy any shareholder would want to have championing his or her company.