Harmony Gold Mining Company Limited

They eventually became pretty aggressive with me because I was asking them questions, "How can you allow the Sports Trust to become so corrupt, but you are the sponsor?" We're talking about Nedbank.

We're talking about Harmony Gold.

Uh, I can't remember, uh, SAB.

We're talking about really big sponsors who eventually just said, "We're not answering any more of your questions." If you've got nothing to hide, but again, they need to be involved in government, otherwise they don't get any of the government parties, they don't get any of the government contracts.

It was made by...

Was it Harmony Gold that did that? Was it? I will have to look it up.

But yeah, Netflix wants for all of their exclusives, even though it was made for them.

Same thing with She-Ra Princesses of Power.

Gold catching a bid today as Treasury yields pull back further, the precious metal up 10 and a half percent over the last month.

The gold miners ETF GDX also with some big gains led by Gold Fields, Harmony Gold, and Agnico Eagle.

Tim.

I like gold, as most people who watch our show know.

And I showed you a gold mining company.

Remember what kind of beta that gold mining, Harmony Gold Mining was the company that I showed you.

Remember what beta that company had? It had a negative beta.

And why did it have a negative beta? Because the risk that drove it was gold prices, which cut against everything else in the markets.

Now earlier we touched on the precious metal mines that just rocketed this past year.

Harmony Gold being one of them, they received about a third more for every kilo of gold it sold this year.

As a result of that, revenue rose 34% to 99.2 billion rand and the board declared a special record dividend of 750 cents a share, roughly 8.1 billion rand for the year.

Now, the growth money, interestingly enough, is not going back into South African gold.

There's more on power987.co.za.

Harmony Gold released its annual results for the year ended June 2026, reporting an 87% increase in headline earnings and declaring a record R8.1 billion dividend.

Now, Boipilo Lekubo, Financial Director at Harmony Gold, joins us now on Power Business to take us through the record set of numbers.

Boipilo, a very good evening and good to have you with us on the program.

Good evening.

Thank you.

Thanks for having me.

Alright, it's Boipilo Lekubo, the Financial Director at Harmony Gold.

In the precious metal space, the sheer velocity of the gold rally is masking underlying operational challenges.

South Africa's Harmony Gold just posted an eighty-seven percent surge in annual profits.

Their headline earnings jumped to forty-four rand per share, up from twenty-four rand last year.

Despite mining lower grade ore and producing fewer physical ounces, the macro environment for gold allowed them to easily pay out a record dividend to shareholders.

Let's get you up to date.

[upbeat music] Coming up on the show today, we take a look at the latest financial results out of Harmony Gold, as well as out of the Industrial Development Corporation.

We speak to the financial directors of both businesses, get a sense of how each business has fared.

We also have a conversation with the team at Standard Bank, taking a look at the economic imperative that women form as part of the global economy and the African economies.

T's and C's apply.

SFM Market Update with Jimmy Muyaha.

Harmony Gold, one of South Africa's largest gold producers, has reported their results for their financial year-end.

That is, of course, the financial year ended 30 June 2026.