Go Back Email this Link to a friend


HAR - Harmony Gold Mining Company Limited - Results for the quarter ended

Release Date: 25/04/2007 08:00:08      Code(s): HAR
    HAR - Harmony Gold Mining Company Limited - Results for the quarter ended   
    March 2007                                                                  
                                                                                
HARMONY GOLD MINING COMPANY LIMITED                                         
    Registration number 1950/038232/06                                          
    Incorporated in the Republic of South Africa                                
    ISIN: ZAE000015228                                                          
JSE Share Code: HAR                                                         
                                                                                
    RESULTS FOR THE QUARTER ENDED MARCH 2007                                    
    CHIEF EXECUTIVE`S REVIEW                                                    
March is usually the month when we at Harmony come together at our          
    leadership conference to realign our leaders to the strategic direction for 
    the company. The objective of these conferences is to spend time together   
    as the company`s leaders and recommit to our values, which include making   
value creation a Harmony way of life.                                       
    Harmony continues to invest large sums of money on training and developing  
    our employees. We have a growing pool of talented individuals who have been 
    identified for managerial positions in line with our succession plans. I    
believe that currently Harmony has a strong core of managers who will       
    unlock sustainable value for all our stakeholders. We also continue to be   
    able to attract quality people to fill vacancies in Harmony.                
    Our growth projects, which are the exciting component of the organic growth 
within our portfolio of assets, will make our portfolio more profitable and 
    robust. These projects are on schedule and should begin contributing to our 
    bottom line within the 2008 financial year through to the end of 2010.      
    Harmony`s March quarter was marked by a steady operational performance with 
sound cost control. The full benefits of the higher gold price and          
    improving flexibility through increasing development over the past 15       
    months are now being realised when comparing the current quarter with the   
    corresponding period for March 2006.                                        
Headline earnings improved by 31.8% to 58 cents per share compared with 44  
    cents per share for the December 2006 quarter and a 48 cents per share loss 
    for the March 2006 quarter.                                                 
    Total operating profit rose 15.1% to R869 million (R755 million) quarter on 
quarter and is up by 184.0% from R306 million compared with the             
    corresponding period ended March 2006.                                      
    The March 2007 net profit was up 6.5% to R247 million compared with the     
    December 2006 quarter considering that the December 2006 had an accounting  
profit of R236 million which arose from the conversion of Western Areas     
    shares to Gold Fields shares. A loss of R174 million was reported for March 
    2006.                                                                       
    Despite the lower production and considering that the operations generally  
have fewer production shifts in the March quarter, the Quality and Leverage 
    operations reported a solid performance with strong cost control and        
    improved grades.                                                            
    Fewer total tonnes were milled for the quarter under review. The 6.2% drop  
in tonnes - from the SA underground operations - to 3 152 000 tonnes        
    compares with 3 361 000 tonnes previously. This was partially countered by  
    the 4.2% higher grades of 5.0g/t from the SA underground operations, which  
    resulted in gold production being only 2.5% lower at 15 655kg (16 066kg). A 
higher Rand gold price received of R151 833/kg and a steady USD/ZAR         
    exchange rate of R7.24 translated into a pleasing cash operating profit of  
    R868.5 million, an increase of 15.1% quarter on quarter.                    
    Total cash operating costs were marginally down at R103 608/kg from R104    
132/kg previously. The SA underground operations showed strong cost         
    containment with a 2.1% cost reduction to R101 868/kg (R104 056/kg).        
    Excellent progress was made with the work at all the Growth projects and it 
    is anticipated that the Tshepong Sub 66 Decline and Doornkop`s new mine     
should begin their first production within the next six months. The grade   
    performance from the current old sections at both Elandsrand as well as     
    Doornkop for the March quarter was disappointing.                           
    A number of significant company events took place during the quarter.       
Firstly, we welcome the precedent-setting judgment by the South African     
    Competition Tribunal in our case against Mittal Steel SA regarding their    
    excessive pricing of flat steel. The Tribunal found that Mittal had in fact 
    abused its dominant position by engaging in excessive pricing. In the next  
few months the Competition Tribunal will hear further evidence before       
    imposing remedies.                                                          
    Secondly, Harmony signed an agreement with Rio Tinto Limited to purchase    
    the royalty rights from Rio Tinto for the Hidden Valley and Kerimenge       
deposits in Papua New Guinea. The transaction will afford Harmony the       
    benefit of reducing the cash costs of Hidden Valley by US$13 per ounce. One 
    suspensive condition is still outstanding.                                  
    Lastly, during the quarter Harmony refinanced its R1 billion debt owing to  
Rand Merchant Bank. We also sold 1.2 million Gold Fields Limited shares in  
    the open market realising R156.8 million and incurred an accounting profit  
    of R1.0 million. We will continue to dispose of the remainder of our GFI    
    shares in an orderly manner.                                                
QUARTERLY OPERATING AND FINANCIAL RESULTS (Rand/Metric) (unaudited)         
                                                                                
                                          Underground production - South Africa 
                              Quality       Growth     Leveraged                
Ounces     Projects        Ounces     Sub-total  
    Ore milled                                                                  
    - t`000        Mar-07        1 496          379         1 277         3 152 
                   Dec-06        1 561          399         1 401         3 361 
Gold Produced                                                               
    - kg           Mar-07        8 158        1 757         5 740        15 655 
                   Dec-06        7 953        2 228         5 885        16 066 
    Yield                                                                       
- g/tonne      Mar-07         5.45         4.64          4.49          4.97 
                   Dec-06         5.09         5.58          4.20          4.78 
    Cash Operating Costs                                                        
    - R/kg         Mar-07       91 055      121 289       111 291       101 868 
Dec-06       99 318      106 782       109 427       104 056 
    Cash Operating Costs                                                        
    - R/tonne      Mar-07          497          562           500           506 
                   Dec-06          506          596           460           497 
Working Revenue                                                             
    (R`000)        Mar-07    1 239 333      267 601       873 832     2 380 766 
                   Dec-06    1 147 318      322 362       847 812     2 317 492 
    Cash Operating Costs                                                        
(R`000)        Mar-07      742 825      213 105       638 811     1 594 741 
                   Dec-06      789 877      237 910       643 976     1 671 763 
    Cash Operating Profit                                                       
    (R`000)        Mar-07      496 508       54 496       235 021       786 025 
Dec-06      357 441       84 452       203 836       645 729 
    Capital Expenditure                                                         
    (R`000)        Mar-07      192 856      221 492       119 162       533 510 
                   Dec-06      178 951      189 203       101 355       469 509 
South        South                                 
                            Africa       Africa                         Harmony 
                          Surface       Total    Australia     PNG       Total  
    Ore milled                                                                  
- t`000        Mar-07    1 268       4 420         694       -       5 114  
                   Dec-06    1 097       4 458         777        -       5 235 
    Gold Produced                                                               
    - kg           Mar-07      747      16 402       1 608        -      18 010 
Dec-06      770      16 836       1 888        -      18 724 
    Yield                                                                       
    - g/tonne      Mar-07     0.59        3.71        2.32        -        3.52 
                   Dec-06     0.70        3.78        2.43        -        3.58 
Cash Operating Costs                                                        
    - R/kg         Mar-07  104 299     101 979     120 225        -     103 608 
                   Dec-06   79 000     102 910     115 024        -     104 132 
    Cash Operating Costs                                                        
- R/tonne      Mar-07       61         378         279        -         365 
                   Dec-06       55         389         279        -         372 
    Working Revenue                                                             
    (R`000)        Mar-07  113 198   2 493 964     240 556        -   2 734 520 
Dec-06  110 451    2 427 943     277 089       -   2 705 032 
    Cash Operating Costs                                                        
    (R`000)        Mar-07   77 911   1 672 652     193 321        -   1 865 973 
                   Dec-06   60 830    1 732 593     217 166       -   1 949 759 
Cash Operating Profit                                                       
    (R`000)        Mar-07   35 287      821 312      47 235       -     868 547 
                   Dec-06   49 621      695 350      59 923       -     755 273 
    Capital Expenditure                                                         
(R`000)        Mar-07      390      533 900      61 567  114 769    710 236 
                   Dec-06      769      470 278      42 391   58 583    571 252 
    Quality Ounces - Evander Shafts, Randfontein Cooke Shafts, Target,          
    Tshepong, Masimong                                                          
Growth Projects - Doornkop shaft and South Reef Project, Elandsrand shaft   
    and New Mine Project, Phakisa shaft, Tshepong Decline Project               
    Leveraged Ounces - Bambanani, Joel, West, St Helena 8, Harmony 2,           
    Merriespruit 1 and 3, Unisel, Brand 3, Orkney 2, 4 and 7.                   
TOTAL OPERATIONS - QUARTERLY FINANCIAL RESULTS (Rand/metric) (unaudited)    
                                                                                
                           Quarter ended        Quarter ended     Quarter ended 
                           31 March 2007     31 December 2006     31 March 2006 
Ore milled - t`000             5 114                5 235             4 466 
    Gold produced - kg            18 010               18 724            17 464 
    Gold price received -                                                       
    R/kg                         151 833              144 467           110 399 
Cash operating costs -                                                      
    R/kg                         103 608              104 132            92 914 
                               R million            R million         R million 
    Revenue                        2 735                2 705             1 928 
Cash operating costs           1 866                1 950             1 622 
    Cash operating profit            869                  755               306 
    Amortisation and                                                            
    depreciation of mining                                                      
properties,                                                                 
    mine development costs                                                      
    and mine plant                                                              
    facilities                     (308)                (287)             (264) 
Corporate,                                                                  
    administration and                                                          
    other expenditure               (50)                 (62)               (6) 
    Provision for                                                               
rehabilitation costs             (3)                  (3)               (1) 
    Operating profit                 508                  403                35 
    Amortisation and                                                            
    depreciation, other                                                         
than mining                                                                 
    properties, mine                                                            
    development costs and                                                       
    mine plant facilities           (17)                 (16)              (17) 
Care and maintenance                                                        
    costs                           (13)                 (19)              (30) 
    Share-based                                                                 
    compensation                    (14)                 (14)              (26) 
Exploration expenditure         (68)                 (60)              (21) 
    Profit from associates             -                   30                 - 
    (Loss)/Gain on                                                              
    financial instruments           (24)                   17             (260) 
Profit on sale of                                                           
    property, plant and                                                         
    equipment                          4                   73                13 
    Other                                                                       
income/(expenses) -                                                         
    net                               15                 (36)               (9) 
    Mark-to-market of                                                           
    listed investments                29                   27                22 
Profit on sale of                                                           
    listed investment                 10                    -                 - 
    Profit on sale of                                                           
    investment in                                                               
associate                          -                  236                 - 
    Interest received                 36                   42                71 
    Interest paid                  (106)                (103)              (96) 
    Profit/(Loss) before                                                        
tax                              360                  580             (318) 
    Current tax - expense            (3)                  (2)               (1) 
    Deferred tax -                                                              
    (expense)/reversal             (110)                (110)               145 
Net profit/(loss)                247                  468             (174) 
    Earnings/(Loss) per                                                         
    share - cents *                                                             
    - Basic earnings/(loss)           62                  118              (44) 
- Headline                                                                  
    earnings/(loss)                   58                   44              (48) 
    - Fully diluted                                                             
    earnings/(loss) ** ***            61                  116              (44) 
Dividends per share -                                                       
    (cents)                                                                     
    - Interim                          -                    -                 - 
    - Proposed final                   -                    -                 - 
Prepared in accordance with International Financial Reporting Standards.    
    * Calculated on weighted average number of shares in issue at quarter end   
    31 March 2007: 398.4 million (31 December 2006: 397.7 million) (31 March    
    2006:  393.4 million).                                                      
** Calculated on weighted average number of diluted shares in issue at      
    quarter end 31 March 2007: 403.3 million (31 December 2006: 403.7 million)  
    (31 March 2006: 400.5 million).                                             
    *** The effect of the share options is anti-dilutive.                       

    Reconciliation of                                                           
    headline                                                                    
    profit/(loss):                                                              
Net profit/(loss)                247                  468             (174) 
    Adjustments:                                                                
    - Profit on sale of                                                         
    property, plant and                                                         
equipment                        (4)                 (73)              (13) 
    - Profit on sale of                                                         
    GBS investment                   (9)                    -                 - 
    - Profit on disposal                                                        
of investment in Gold                                                       
    Fields Limited                   (1)                    -                 - 
    - Profit on sale of                                                         
    Western Areas                                                               
investment                         -                (220)                 - 
    Headline profit/(loss)           233                  175             (187) 
    ABRIDGED BALANCE SHEET AT 31 MARCH 2007 (Rand) (unaudited)                  
                                      At                   At                At 
31 March 2007     31 December 2006     31 March 2006 
                               R million            R million         R million 
    ASSETS                                                                      
    Non-current assets                                                          
Property, plant and                                                         
    equipment                     24 472               23 973            22 513 
    Intangible assets              2 270                2 270             2 268 
    Investment financial                                                        
assets                         4 430                4 491             2 223 
    Investments in                                                              
    associates                         -                    -             2 012 
    Trade and other                                                             
receivables                       42                   41                36 
                                  31 214               30 775            29 052 
    Current assets                                                              
    Inventories                      722                  742               598 
Trade and other                                                             
    receivables                    1 180                  934               775 
    Income and mining taxes           25                   28                28 
    Cash and cash                                                               
equivalents                      985                  904             1 781 
                                   2 912                2 608             3 182 
    Total assets                  34 126               33 383            32 234 
    EQUITY AND LIABILITIES                                                      
Share capital and                                                           
    reserves                                                                    
    Share capital                 25 590               25 588            25 346 
    Other reserves                  (79)                (186)             (625) 
Accumulated loss             (1 023)              (1 270)           (1 963) 
                                  24 488               24 132            22 758 
    Non-current liabilities                                                     
    Borrowings *                   3 494                2 687             2 549 
Net deferred taxation                                                       
    liabilities                    2 663                2 541             1 954 
    Deferred financial                                                          
    instruments                      448                  484               679 
Provisions for other                                                        
    liabilities and                                                             
    charges                        1 001                  984               943 
                                   7 606                6 696             6 125 
Current liabilities                                                         
    Trade and other                                                             
    payables                       1 037                1 245             1 036 
    Accrued liabilities              586                  301               316 
Borrowings *                     401                1 001             1 981 
    Shareholders for                                                            
    dividends                          8                    8                18 
                                   2 032                2 555             3 351 
Total equity and                                                            
    liabilities                   34 126               33 383            32 234 
    Number of ordinary                                                          
    shares in issue          398 736 629          398 678 495       394 369 190 
Net asset value per                                                         
    share (cents)                  6 141                6 053             5 771 
    * The Group has refinanced the RMB bridging loan. A portion of the          
    refinanced was effected before 31 March 2007. The balance of the refinanced 
was concluded on 5 April 2007. The effect of the refinanced was the         
    conversion of the R1 billion short-term liability to a long-term liability. 
    CONDENSED STATEMENT OF CHANGES IN EQUITY FOR THE NINE MONTHS ENDED          
    31 MARCH 2007 (Rand) (unaudited)                                            
Issued share         Other      Retained               
                              capital      reserves      earnings         Total 
                            R million     R million     R million     R million 
                                                                                
Balance at 1 July 2006     25 489         (271)       (2 015)        23 203 
    Issue of share capital        101                                       101 
    Currency translation                                                        
    adjustment and other                        192                         192 
Net earnings                                              992           992 
                                                                                
    Balance at 31 March 2007   25 590          (79)       (1 023)        24 488 
                                                                                
Balance at 1 July 2005     25 289         (586)       (1 484)        23 219 
    Issue of share capital         57                                        57 
    Currency translation                                                        
    adjustment and other                       (39)                        (39) 
Net loss                                                (479)         (479) 
                                                                                
    Balance at 31 March 2006   25 346         (625)       (1 963)        22 758 
                                                                                
SUMMARISED CASH FLOW STATEMENT FOR THE PERIOD ENDED 31 MARCH 2007           
    (Rand) (unaudited)                                                          
                          Nine months   Nine months       Quarter       Quarter 
                                ended         ended         ended         ended 
31 March      31 March      31 March   31 December 
                                 2007          2006          2007          2006 
                            R million     R million     R million     R million 
    Cash flow from                                                              
operating activites                                                         
    Cash generated/(utilised)                                                   
    by operations               1 469          (88)           511           487 
    Interest and dividends                                                      
received                      117           176            36            42 
    Interest paid               (143)         (143)          (48)          (50) 
    Income and mining taxes                                                     
    paid                          (3)           (8)             3           (6) 
Cash generated/(utilised)                                                   
    by operating activities     1 440          (63)           502           473 
    Cash flow from                                                              
    investing activities                                                        
Net proceeds on                                                             
    disposal of listed                                                          
    investments                   229         2 461           199             - 
    Acquisition of                                                              
investment in associate         -       (2 012)             -             - 
    Net additions to                                                            
    property, plant and                                                         
    equipment                 (1 765)       (1 164)         (706)         (497) 
Other investing                                                             
    activities                   (66)          (18)          (52)          (15) 
    Cash utilised by                                                            
    investing activities      (1 602)         (733)         (559)         (512) 
Cash flow from                                                              
    financing activities                                                        
    Long-term loans raised        151           615           152             - 
    Ordinary shares issued                                                      
- net of expenses             101            55             2            66 
    Dividends paid                  -             -             -             - 
    Cash generated by                                                           
    financing activities          252           670           154            66 
Foreign currency                                                            
    translation adjustments      (11)            77          (16)             9 
    Net increase/(decrease)                                                     
    in cash and equivalents        79          (49)            81            36 
Cash and equivalents -                                                      
    beginning of period           906         1 830           904           868 
    Cash and equivalents -                                                      
    end of period                 985         1 781           985           904 

    NOTES TO THE RESULTS FOR THE QUARTER ENDED 31 MARCH 2007 (unaudited)        
                                                                                
    1. Basis of accounting                                                      
The unaudited results for the quarter have been prepared using accounting   
    policies that comply with International Financial Reporting Standards       
    (IFRS). These consolidated quarterly statements are prepared in accordance  
    with IFRS 34, Interim Financial Reporting. The accounting policies are      
consistent with those applied in the previous financial year.               
    2. Derivative financial instruments                                         
    Commodity Contracts:                                                        
    The Harmony Group`s outstanding commodity contracts against future          
production, by type at 31 March 2007 are indicated below. The total net     
    delta of the hedge book at 31 March 2007 was 220 000 oz (6 834 kg)          
                                    30 June     30 June     30 June             
    Year                              2007        2008        2009       Total  
Australian                                                                  
    Dollar Gold:                                                                
    Forward contracts Kilograms         622      3 110       3 110       6 843  
                      Ounces         20 000     100 000     100 000     220 000 
AUD per oz        518         518         518         518 
    Total commodity                                                             
    contracts         Kilograms         622       3 110       3 110       6 843 
                      Ounces         20 000     100 000     100 000     220 000 
Total net gold ** Delta (kg)        622       3 109       3 104       6 834 
                      Delta (oz)     20 000      99 949      99 784     219 732 
    These contracts are classified as speculative and the marked-to-market      
    movement is reflected in the income statement.                              
The marked-to-market movement for the quarter of these contracts was a      
    positive R49.8 million (positive USD6.9 million) at 31 March 2007 (at 31    
    December 2006: positive R100.5 million or positive USD13.7 million).        
    Harmony closed out 10 000oz of forward positions during the quarter and the 
settlement of these close outs will occur during the quarter ended 30 June  
    2007. During the quarter under review, Harmony settled 42 000oz of forward  
    contracts, which were closed out during the quarter ended 31 December 2006, 
    at a cost of R69.5 million (USD9.6 million).                                
The marked-to-market value of the hedge book was a negative AUD78.6 million 
    on 31 March 2007 (at 31 December 2006: negative AUD87.3 million). The       
    values at 31 March 2007 were based on a gold price of USD663 (AUD821) per   
    ounce, exchange rates of USD/ZAR7.24 and AUD/USD0.8144 and prevailing       
market interest rates at that date. These valuations were provided by       
    independent risk and treasury management experts.                           
    At 20 April 2007, the marked-to-market value of the hedge book was a        
    negative AUD78.2 million (negative USD65.4 million), based on a gold price  
of USD686 (AUD825) per ounce, exchange rate of AUD/USD0.8347 and prevailing 
    market interest rates at that time.                                         
    These marked-to-market valuations are not predictive of the future value of 
    the hedge position, nor of the future impact on the revenue of the company. 
The valuation represents the cost of buying all hedge contracts at the time 
    of the valuation, at market prices and rates available at the time.         
    ** The Delta of the hedge position indicated above, is the equivalent gold  
    position that would have the same marked-to- market sensitivity for a small 
change in the gold price.                                                   
    Forward exchange commitment                                                 
    Abelle entered into a contract for the purchase of the mining fleet in      
    November 2006. The contract is in four different currencies and the         
estimated value is R241.7 million (AUD41 million at a closing rate of       
    AUD/ZAR5.8962). The delivery date for the equipment has been split into     
    two, with the first lot expected in April 2007 and the second lot in        
    November 2007.                                                              
The underlying cash flows that will be required by the contract will        
    therefore be modified in accordance with movements in the foreign exchange  
    rates to which the contract is linked. The embedded derivative relating to  
    the exchange rates were calculated based on the adjusted price at 31 March  
2007 based on the Price Retail Index (PRI) movements since September 2005.  
    The marked-to-market movement for the quarter on the embedded derivative    
    was a negative R6.1 million (negative AUD1.068 million, at an exchange rate 
    of AUD/ZAR5.7023).                                                          
CONTACT DETAILS                                                             
    Harmony Gold Mining Company Limited                                         
                                                                                
    Corporate Office                                                            
Suite No. 1                                                                 
    Private Bag X1                                                              
    Melrose Arch, 2076                                                          
    South Africa                                                                

    First Floor                                                                 
                                                                                
    4 The High Street                                                           
Melrose Arch, 2196                                                          
    Johannesburg                                                                
    South Africa                                                                
                                                                                
Telephone:     +27 11 684 0140                                              
    Fax:           +27 11 684 0188                                              
    Website: http://www.harmony.co.za                                           
    Directors                                                                   
P T Motsepe (Chairman)*                                                     
    Z B Swanepoel (Chief Executive)                                             
    F Abbott*, J A Chissano*,                                                   
    Dr D S Lushaba*, F T De Buck*, M Motloba*,                                  
N V Qangule, C M L Savage*                                                  
    (*non-executive) (Mozambique)                                               
                                                                                
    Investor Relations                                                          
Amelia Soares                                                               
    Investor Relations Manager                                                  
    Telephone:      +27 11 684 0146                                             
    Fax:            +27 11 684 0188                                             
Cell:           +27 (0) 82 654 9241                                         
    E-mail:         amelia.soares@harmony.co.za                                 
                                                                                
    Lizelle du Toit                                                             

    Investor Relations Officer                                                  
                                                                                
    Telephone:      +27 11 684 0149                                             
Fax:            +27 11 684 0188                                             
    Cell:           +27 (0) 82 465 1244                                         
    E-mail:         lizelle.dutoit@harmony.co.za                                
                                                                                
Marian van der Walt                                                         
    Company Secretary                                                           
    Telephone:     +27 11 411 2037                                              
    Fax:           +27 11 411 2398                                              
Cell:          +27 (0) 82 888 1242                                          
    E-mail:        marian.vanderwalt@harmony.co.za                              
                                                                                
    South African Share Transfer Secretaries                                    
Link Market Services South Africa (Proprietary) Limited                     
    (Registration number 2000/007239/07)                                        
    5th Floor, 11 Diagonal Street                                               
    Johannesburg, 2001                                                          
South Africa                                                                
                                                                                
    PO Box 4844                                                                 
                                                                                
Johannesburg, 2000                                                          
    South Africa                                                                
    Telephone:       +27 11 832 2652                                            
    Fax:             +27 11 834 4398                                            

    United Kingdom Registrars                                                   
                                                                                
    Capita Registrars                                                           
The Registry                                                                
    34 Beckenham Road                                                           
    Beckenham                                                                   
                                                                                
Kent BR3 4TU                                                                
    United Kingdom                                                              
    Telephone:      +44 870 162 3100                                            
    Fax:            +44 208 639 2342                                            

    ADR Depositary                                                              
    The Bank of New York                                                        
    101 Barclay Street                                                          
New York, NY 10286                                                          
    United States of America                                                    
    Telephone:      +1888-BNY ADRS                                              
    Fax:            +1 212 571 3050                                             

    Trading Symbols                                                             
    JSE Limited                           HAR                                   
    New York Stock Exchange, Inc.         HMY                                   
NASDAQ                                HMY                                   
    London Stock Exchange plc             HRM                                   
    Euronext Paris                        HG                                    
    Euronext Brussels                     HMY                                   
Berlin Stock Exchange                 HAM1                                  
    Issuer code                           HAPS                                  
                                                                                
    Registration number 1950/038232/06                                          
Incorporated in the Republic of South Africa                                
    ISIN: ZAE000015228                                                          
Date: 25/04/2007 08:00:08 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.