| 37. | Events after the reporting period |
EskomIn January 2026 NERSA approved a 12-month interim tariff of 87.74c/kWh. However, the interim tariff is not enough to restart all suspended smelters which require a tariff of 62c/kWh. On 27 February 2026, in-principle support for the proposed 62c/kWh electricity tariff (Proposed Tariff) was received from Eskom and the South African government (Government). Specific terms and conditions of the Proposed Tariff are critical and engagements with Eskom and Government continue. In good faith, the Venture has extended the current termination date under s189 and 189A of the Labour Relations Act, 66 of 1995 consultation process from 28 February 2026 to 31 March 2026. DividendOn 6 March 2026, the Board resolved to declare a final dividend of 8 cents per share (2024: 8 cents per share) for the 2025 financial year. The total gross cash dividend for the year amounted to 12 cents per share. The dividend will be paid out of income reserves. The directors are not aware of any other material event which occurred after the reporting date and up to the date of this report that may require adjustment or disclosure in these annual financial statements. |