Thursday, 27 August 2026

The IDC reported a R4.7 billion group loss despite a R2.3 billion company-level profit, mainly because Foskor and an associate company recorded substantial losses.

Harmony Gold delivered record results: headline earnings rose 87%, free cash flow reached R17.1 billion, gold production hit 1.43 million ounces, and shareholders received an R8.1 billion dividend.

Harmony plans to expand copper’s contribution, targeting 100,000 tons annually by FY2036 from CSA and Eva Copper, while maintaining a portfolio split of roughly 70% gold.

SAPO secured its first unqualified audit opinion in six years, but acting CEO Fatima Gani said liquidity remains constrained and the organisation must build revenue rather than cut further.

Gani said SAPO’s future depends on using its national physical reach for government, financial, logistics, digital and authenticated communication services, including partnerships reaching rural communities.