Pan African Resources expects to be debt free within 12 months as gold output ramps up in a high rand gold-price environment, CEO Cobus Loots says.

In the 2020 financial year to end-June, Pan African slashed R800m from its net debt, bringing it to R1.1bn by the end of the period.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now