This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

Kumba reports a 24% fall in headline earnings

Loading player...

GUEST – Mpumi Zikalala - Kumba CEO
Kumba Iron Ore has reported a 24% fall in headline earnings per share as the company battles weaker commodity prices and logistics challenges.
Kumba, a subsidiary of the Anglo American group, on Tuesday released its results for the six months ended in June 2024 and reported headline earnings per share of R22.27, down from R30.04 in the first half of 2023.
Kumba also cut its interim dividend to R18.77 per share – down 17% from R22.60, although this still represents a payout ratio of 85% of headline earnings.

23 Jul 2024 3PM English South Africa Business News · Investing

Other recent episodes

PIVOT POINT: Nkuna on Redefining Leadership in Africa’s Legal Sector

Newly appointed COO of Cliffe Dekker Hofmeyr, Phetheni Nkuna, joins Pivot Point to discuss her rise from employment law specialist to one of the most influential operational leaders in African legal practice.

9 Apr 4PM 18 min

From Pledges to Projects: Can Gauteng Turn Investment Promises into Real Growth?

Gauteng is chasing R200 billion in new commitments after securing R312.5 billion in pledges last year — but only 28–30% of those have converted into real projects. PwC Chief Economist Lullu Krugel joins us to unpack the credibility of the province’s investment story

9 Apr 4PM 21 min

Fuel Shock Survival: Why Pre‑Owned Hybrids Are Becoming SA’s New Safety Net

With petrol heading toward R26 per litre and diesel nearing R28, South Africans are searching for practical ways to stay mobile. Weelee CEO Errol Levin explains why pre‑owned hybrids are emerging as the smartest hedge against fuel volatility

9 Apr 4PM 10 min

FDI at a Turning Point: What Global Investors Expect in 2026

Kearney’s Global Business Policy Council unveils the 2026 FDI Confidence Index®, revealing the top global and emerging markets expected to attract investment over the next three years. Africa Managing Partner Theo Sibiya breaks down the trends shaping investor sentiment

9 Apr 4PM 13 min

Inside Your Pocket: Why SA’s Cost of Living Keeps Climbing

Electricity inflation has surged 85% since 2020, water is up 68%, and low‑income households now spend nearly 67% of their income on food and utilities. Senior economist Raksha Darji unpacks the Competition Commission’s March 2026 Cost of Living Report — revealing structural failures, pricing behaviour, and what must change to…

9 Apr 4PM 13 min

All episodes