Mid-tier platinum group metals (PGMs) miner Royal Bafokeng Platinum (RBPlat) swung into an interim loss after reporting a more than R2.5bn fall in profit after lower PGM prices, less production, fewer sales, high inflation and the weakening of the rand.
The company, valued at about R37.2bn on the JSE, reported in its results for the six months to end-June that profit went from R2.2bn in the same period last year to a loss of R339.6m in the first half of 2023...
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