A MAS­SIVE SHORT­FALL

Finweek English Edition - - INVESTMENT -

The An­glo Amer­i­can Plat­inum up­date shows that nor­malised cost per ounce of plat­inum is around R18 000-R19 000, com­pared with a cur­rent plat­inum rand price of around R14 000. This cre­ates a mas­sive short­fall that needs to be ad­dressed ur­gently. Be­ing price tak­ers it can only fix the cost side and that is go­ing to have to mean clos­ing more ex­pen­sive op­er­a­tions. This needs to hap­pen sooner rather than later, but that won’t be easy with unions and gov­ern­ment both against the idea.

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