Anglo American Platinum (Amplats) expects its full-year profits to slump as much as 77%, indicating the continuous drop in average platinum group metal (PGM) basket prices.

The trading update knocked its share price 7.3% to R717.13 in midmorning trade on the JSE and it closed 6.86% down on the day at R718.27...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.