The decision of DRDGold to expend capital of R3.5-billion this financial year is based on the cash-flush Johannesburg- and New York-listed gold-from-dumps mining company firmly concluding that it is responsible to investment in South Africa amid seemingly unstoppable private sector turnaround momentum. The board has given the nod for R2-bilion of this year’s R3.5-billion capital expenditure (capex) to go into solar power and into long-term sustainability creating deposition facilities. (Also watch attached Creamer Media video.)
JOHANNESBURG – The decision of DRDGold to expend capital of R3.5-billion this financial year is based on the cash-flush Johannesburg- and New York-listed gold-from-dumps mining company firmly concluding that it is responsible to investment in South Africa amid seemingly unstoppable private sector turnaround momentum.
“A question that one has to pass when looking at these sorts of capex numbers is whether you are investing in an environment where it is responsible to invest this level of capital,” Pretorius said during the presentation of 2023 results, covered by“When we switch on the television we maybe wonder. You read the Fraser Institute’s report and maybe wonder. You look at where capital is going and a lot of it is going away from South Africa and less is coming into South Africa.
“People who are externally focused are genuinely wanting to deliver into the well-being of the constituency, so that certainly is changing. It’s going to take a while before it changes completely, but we are seeing very positive first indications of a change of face of political leadership. Very encouraging, he added, was the way private capital is being mobilised, exemplified by the volume of energy being generated from rooftop solar panels reaching the 4.4 GW level, which is equivalent to two phases of loadshedding.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Debt-free DRDGold declares 16th consecutive dividend, looks to 60 MW of solar powerDebt-free, cash-rich gold-from-waste mining company DRDGold has declared its sixteenth consecutive dividend as it guides higher production, prioritises the ensuring of sufficient tailings storage capacity and looks to the self-generation of 60 MW of solar power. The Johannesburg- and New York-listed gold-from-dumps company, headed by CEO Niël Pretorius, reported operating profit of R1 819-million for the year ended June 30 and declared a final dividend of ...
Weiterlesen »
Russia, China look to advance agendas at BRICS summit of developing countries in South AfricaRussia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week
Weiterlesen »
BRICS leaders meet in South Africa as bloc weighs expansionOver 40 countries have expressed interest in joining BRICS.
Weiterlesen »
BRICS leaders meet in South Africa as the bloc weighs expansionRussian President Vladimir Putin, wanted under an international arrest warrant for alleged war crimes in Ukraine, will not travel to South Africa and instead join virtually.
Weiterlesen »
South Africa Welcomes Xi Jinping with Highest Honors for China-Led BRICS SummitXi Jinping landed in South Africa in the early morning hours of Tuesday to a personal welcome from President Cyril Ramaphosa.
Weiterlesen »
BRICS leaders holding summit in South Africa, but Putin won’t be there in personLeaders from three continents are gathering here for a major summit of BRICS, the informal grouping of nations that was created more than a decade ago to align the world’s top emerging economies but has struggled since to achieve diplomatic harmony, especially amid Russia’s invasion of Ukraine.
Weiterlesen »