Table of Contents
I
74
Merafe Resources Integrated Annual Report 2018
OVERVIEW
1
About this report
1
Organisational overview
2
2018 year in review
3
Our business model and strategy
3
Stakeholders
4
Five-year historical review of key indicators
5
Our operating context
6
Material issues
8
Chief Executive Officer's strategic review
10
PERFORMANCE
14
Financial capital
14
Manufactured capital
18
Natural capital
22
Abridged mineral resources and mineral reserves statement
27
Human capital
30
Social capital and stakeholder responsiveness
36
TRANSPARENCY AND ACCOUNTABILITY
39
Governance structure
39
Chairperson’s report
40
Directorate at 31 December 2018
42
Our approach to governance
44
Social, ethics and transformation committee report
49
Remuneration report
50
Approach to risk management
58
Sustainability review and assurance
59
Directors’ report
60
Report of the audit and risk committee
62
JSE limited share statistics
63
Notice of the annual general meeting
65
Form of proxy
71
Notes to form of proxy
72
Administration
73
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