Impala Platinum Holdings Limited

And Magwe, we of course turn to some corporate news.

Now, Implats maintains financial year 2027 guidance.

Yeah, though production was 100% up, 8% PGM basket price remains robust.

Production was impacted by the operational halts and also safety reset following those five fatalities during the quarter.

1% weaker, closing 1% weaker today.

Leading losses, you've got the miners, Implats, Anglo, Anglo Gold, Sibanyi.

You've got DRD Gold as well.

Those stock prices not doing so well.

APSA is an authorized financial services and registered credit provider.

Well, I mentioned yesterday a report originally by Bloomberg, which said that Institutional Shareholder Services Incorporated had warned the number of deaths at Impala Platinum might lead to questions about whether the top executives deserve their bonuses.

It's an interesting conversation.

Whether or not a bonus should be tied to a mine safety record.

So the problem with South Africa is that mine labor is very cheap compared to American and Australian and Canadian mine workers.

And consequently, you know, because it's cheap, it's very easily replaceable.

And we also have aging mines and mine infrastructure, especially on the western side of Rustenburg, where the Impala platinum mines are located.

And, you know, we are seeing increasing numbers of accidents both on the east and western side of Rustenburg as a consequence.

It comes after one week, two weeks, and stuff like that.

So when I get this guy, uh, Impala Mining that I still work with, that supplies me with some of the machines, most of the machines are my machines.

He refuses to work because he sees the word VJ Cole.

He says, "This guy ran away from somewhere in Delmas, uh, not paying people machines.

... of South Africa.

Impala Platinum, uh, Kumba Iron or Thabazimbi, Ko- uh, Sishen in, in, in Northern, uh, Cape.

Mm.

Uh, it wasn't that I was working there as a mine worker-

So Northam is sinking a shaft.

Impala is extending the lives of some of its current operations in Rustenburg.

So they're definitely spending more of the money that they have received in the current year.

And my sense around it is that it is disciplined.

Anglo Gold was up 22%.

Impala Platinum up 15%.

Sambania Stillwater up 20%.

And then of course, other shares like MTN, Process and NASFERS were down anywhere between 9% and 12% respectively.