2021 was a year of recovery for the Venture from a market, operational and financial perspective. The global economic recovery in our industry led to robust demand for ferrochrome, which coupled with supply constraints, contributed to higher realised ferrochrome prices. I am pleased to report that Merafe achieved its highest profit after tax since the inception of the Venture. It was also a year when we saw a marked improvement in safety at the operations of the Venture.
ZANELE MATLALA
Chief Executive Officer
| # | Earnings before interest, taxation, depreciation and amortisation |
| * | Restated (3.89 to 3.91). The 2020 financial year data related to hours worked was corrected to align with reporting definitions. |
Positive performance or occurrence compared to prior year
No change in performance compared to prior year
Negative performance or occurrence compared to prior year
Key statistics for 2021
