Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo

Merafe Resources Reports 17% Decrease in Ferrochrome Production for H1 2024

  • Production Decline: Merafe’s ferrochrome production dropped 17% to 154kt due to the Rustenburg smelter’s shutdown.
  • Earnings Forecast: Expected EPS and HEPS will fall between 24.6 and 33.0 cents and 24.0 and 32.4 cents, respectively.
  • Cash Balances: Cash and cash equivalents increased slightly to R1,717 million, with R344 million allocated for future environmental obligations.

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