Gold Fields CEO wants more time

The Citizen (KZN) - - BUSINESS -

Gold Fields share­hold­ers get­ting im­pa­tient at the com­pany’s fail­ure to stem losses at the huge South Deep de­posit in SA shouldn’t lose hope, said CEO Nick Hol­land.

Gold Fields said in Au­gust it was em­bark­ing on yet an­other turn­around plan at the op­er­a­tion, its only one left in SA.

South Deep’s dis­ap­point­ing per­for­mance has been a drag on the com­pany for years and man­age­ment was aware that in­vestors are get­ting fed up, Hol­land said. – Bloomberg

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.