Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) cut its full-year dividend payout by R50bn after its profit for the 12 months to end-December plunged 38% as high costs and lower volumes ate into the group’s bottom line.

The miner said it will pay out R115 a share, or R30bn to shareholders, from R300, or R80bn, the previous year...

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