THE BAD

Finweek English Edition - - IN BRIEF -

It’s hard to keep track of Gold Fields’ strat­egy to get South Deep, its only re­main­ing “mine” in South Africa, to full pro­duc­tion. Last year, CEO Nick Hol­land sang the praises of a new team of Aus­tralian ex­perts brought in to run the project; this month he’s back to be­liev­ing “lo­cal is lekker” (see page 29). What’s cer­tainly not lekker about Gold Fields, which re­ported a loss of $14m in the first quar­ter, is Hol­land’s pay cheque: R28m in 2014, more than 10% of net profit.

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