Commentary: Results

Headline earnings for the financial year to 30 June 2014 increased by 19,7% to R4,2 billion, compared to R3,5 billion in the previous financial year. This increase is due mainly to the higher level of headline earnings of Assmang Proprietary Limited (“Assmang”) for the year, which increased by 16,6% to R7,5 billion compared to the previous financial year, and increased commissions earned on higher turnovers by Assmang.

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Registered office
Assore House, 15 Fricker Road, IIlovo
Boulevard, Johannesburg, 2196

Company secretaries
African Mining and Trust Company Limited

Transfer office
Computershare Investor Services
Proprietary Limited, 70 Marshall Street,
Johannesburg,
2001

Sponsor
The Standard Bank of South Africa Limited
Directors

Executive
Desmond Sacco (Chairman)
CJ Cory (Chief Executive Officer)
AD Stalker (Marketing)
BH van Aswegen (Technical and Operations)

Non-executive
EM Southey* (Deputy Chairman and
Lead Independent Director), RJ Carpenter,
S Mhlarhi*, WF Urmson*     

*Independent

Alternate
PE Sacco