From R761 million to R31 billion in a year
- R31.04 billion
- Implats' profit soared 40-fold on a recovery in metal prices, driven by a surge in investment demand, with PGM sales rising 4% to 3.51 million ounces and average dollar prices increasing 79% for platinum, 75% for rhodium, and 45% for palladium.
- The company's improved financial performance benefited from the R8.1 billion reversal of previously recognised impairments at the Rustenburg unit, and it expects long-standing market deficits for platinum and palladium to narrow during the rest of the calendar year.
Stay informed. More top South African stories on The Feed SA · Follow on Facebook