Thungela returns R8.2 billion to shareholders after a record half-year.

Loading player...
Thungela Resources has declared an interim dividend of R8.2 billion, or R60 per share, following a record half-year in which profit rocketed on the back of strong export coal prices.

The coal miner, which was spun out of Anglo American in June last year, reported profit of R9.6 billion compared with R351 million in the first half of 2021.
16 Aug 2022 2AM English South Africa Business News · Investing

Other recent episodes

SA Homeowner growth steady, report finds

Hayley Ivins-Downes from Lightstone Property shares data about home-buying activity in South Africa, which paints an interesting picture about affordability and which specific parts of the country are seeing the most development.
27 Mar 5AM 11 min

Inside Your Business: Liquidations hit SME sectors the hardest

South Africa’s business landscape remains under strain. New data from Stats SA shows that 135 companies were liquidated in February—a slight improvement from last year, but still a sign of persistent financial pressure across the economy. Aroni Chaudhuri, Chief Economist at Coface Africa, helps explain what these numbers mean for…
1 Apr 4PM 9 min

SARS delivers record-breaking revenue collection

The Commissioner for the South African Revenue Service (SARS), Edward Kieswetter, today tabled the strongest annual revenue collection numbers in democratic history. He joins us to reflect on the numbers and his tenure at SARS as he steps down from the role.
1 Apr 4PM 15 min