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Chairman's review

 

Highlights
Chairman   Highlights

Manganese and iron ore continue to be
big profit generators but to attempt any specific predictions regarding the world economy or the outlook for our business
at this stage would be foolhardy.

 
  • Increased prices for all products and significantly higher sales volumes for manganese ore
  • Headline earnings increased by 315,4% to R3,06 billion
  • Final dividend increased from 200 cents to 1 000 cents per share
  • Approval for feasibility study on 6,0 million ton expansion at Khumani Iron Ore Mine
 
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If it does nothing else, a chairman’s annual review is expected to address at least two key issues: a review of the past year and an informed preview of the year ahead. While I eagerly look forward to doing the first, to attempt any specific predictions regarding the world economy or the outlook for our business at this stage would be foolhardy.

The need for caution in this respect is emphasised by the fact that many of the world’s financial experts, who were predicting ‘soft landings’ and ‘a possible minor recession . . . 		 
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