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Last week Sibanye-Stillwater, the world’s biggest platinum group metals producer, flagged a huge increase in annual profit, putting income-hungry investors in line for bumper dividends.  

A few days later Anglo American Platinum gave a similarly upbeat profit guidance that almost certainly means much of the money would flow back to shareholders. Investors, some of whom have seen their income eroded by a host of companies trawling their coffers and hoarding cash to navigate the challenges posed by the pandemic-induced economic downturn, are partying like it’s 1999.  ..

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