Resilient Amplats reports rise in earnings (Ebitda), solid balance sheet
Anglo America Platinum (Amplats) on Monday reported a 7% drop in profits for the six months to 30 June 2020.
Headline earnings per share dropped to R26.27 per share (from R28.15).
Earnings before interest, taxes, depreciation, and amortization (Ebitda) went up to R13.1 billion.
Production in platinum group metals (PGM) fell 25% year-on-year while refined PGM production is down 49%.
The company’s balance sheet stands at R11.3 billion.
The Money Show’s Bruce Whitfield interviewed Natascha Viljoen, CEO at Amplats.
I feel proud of the way we’re responding to Covid…Natascha Viljoen, CEO - Anglo America Platinum
We see a marginal build-up in platinum [supply] …Natascha Viljoen, CEO - Anglo America Platinum
We’ve seen coin and bar demand at highest levels…Natascha Viljoen, CEO - Anglo America Platinum
... strong support from electric vehicles… and the hydrogen economy…Natascha Viljoen, CEO - Anglo America Platinum
We are experiencing technical problems with audio. Listen to the interview below - as soon as we've sorted out the gremlins.
Veteran stockbroker David Shapiro schools The Money Show’s Bruce Whitfield on investing post-Covid and into the next few years.Read More
Bruce Cameron discusses with Bruce Whitfield his new book on securing your retirement, despite corruption and the smashed economy.Read More
There’ll be many opportunities for frontier investors in the coming years, says Absa's Somaya Joshua.Read More
The rand was just recently trading at a six-month high. Arabile Gumede interviews Bianca Botes (Peregrine Treasury Solutions).Read More
"It's brilliant! The jokes are actually funny," says Cameron in his review of "Manage Your Money Like a Grownup".Read More
The Money Show’s Bruce Whitfield interviews Kevin Lings, Chief Economist at Stanlib Asset Management.Read More
The Money Show’s Bruce Whitfield interviews Roy Douglas, CEO at ADvTECH.Read More
The Money Show’s Bruce Whitfield interviews Anthony Leeming, CEO at Sun International Group.Read More
The Money Show’s Bruce Whitfield interviews Knowler about her attitude to money (hopes and fears, successes and failures, etc.).Read More
It's been a horrendous year for Sasol. The Money Show’s Bruce Whitfield interviews its CEO, Fleetwood Grobler.Read More