Harmony hits the high notes but keeps dividend on mute
The gold miner is holding big money back for use in growth and expansion plans
12 September 2024 - 05:00
Executives at Harmony Gold struggled to recall the last time the company had net cash. “Not in my lifetime,” CEO Peter Steenkamp tells the FM.
Steenkamp is bidding Harmony farewell after nine years at the helm. He was previously head of operations before leaving for stints with Sasol Mining and before that, his misstep at the ill-fated Pamodzi Gold, where he was CEO. Steenkamp’s retirement comes just as Harmony registers record full-year earnings — and is arguably at its apogee...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.