mining

Dineo Faku

Kumba contributes almost R10bn to fiscus Dineo Faku dineo.faku@inl.co.za KUMBA Iron Ore contributed almost R10 billion to the fiscus during the half-year to the end of June, after delivering record financial returns and paying shareholders 100 percent of headline earnings, despite operational problems. Kumba declared an interim cash dividend of R72.70 a share, an increase of 271 percent compared with R19.60 a share a year earlier, representing a payout ratio of 100 percent of headline earnings. Kumba, an Anglo American plc subsidiary, said yesterday it was playing its part in South Africa’s economic recovery by contributing R9.2bn in income tax and mineral royalties in the first half of the year. Chief executive Themba Mkhwanazi said Kumba paid the fiscus R6.8bn in income tax and R2.4bn in mineral…

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Cape Times (Digital) - 1 Issue, 2021-07-28

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