PAN AFRICAN RE­SOURCES KEEPS COM­MU­NI­CA­TION CHAN­NELS OPEN

Finweek English Edition - - SIMON SAYS -

A Sens from Pan African Re­sources shows ex­actly how man­age­ment should be keep­ing share­hold­ers in­formed. A com­pany called In­ter­na­tional Ferro Met­als (SA) has gone into busi­ness res­cue and Pan African has its Phoenix Plat­inum plant on its propert y. It also sources power, wa­ter and some feed­stock from In­ter­na­tional Ferro Met­als. So there is a po­ten­tial risk to Phoenix Plat­inum. Pan African de­tailed ev­ery­thing in a Sens in­clud­ing t he fact t hat Phoenix con­trib­uted about 7% to af­ter-tax prof­its in the last re­port­ing pe­riod. This re­ally is about keep­ing share­hold­ers in­formed and is ex­actly how it should be done.

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