WATCH: Why Kumba’s shareholders have reason to smile

Higher iron ore prices and favourable currency effects have put Kumba Iron Ore into a free cash flow position of about R21bn — up 21% — and that is despite production declines during the year.

Shareholders will reap of the benefits. A final cash dividend of more than R41 per share has been declared, bringing the total payout to almost R61 — up by 30%.

CEO Themba Mkhwanazi talks to Business Day TV’s Alishia Seckam to discuss the group’s annual performance in greater detail.

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