• About this report

    We are pleased to present to you the integrated annual report for the Merafe Group, which includes Merafe Resources Limited (Merafe), a company listed on the JSE, Merafe Ferrochrome and Mining Proprietary Limited (Merafe Ferrochrome) and its subsidiaries for the year ended 31 December 2015.

    Full report
  • ABOUT THE FIVE CAPITALS MODEL

    The five capitals model we have adopted provides a basis for understanding sustainability in terms of the economic concept of wealth creation or ‘capital’. A sustainable organisation will maintain and where possible enhance these stocks of capital assets, rather than deplete or degrade them. The model allows business to broaden its understanding of financial sustainability by allowing business to consider how wider environmental and social issues can affect long-term profitability.



    Five capitals
  • CHIEF EXECUTIVE OFFICER’S STRATEGIC REVIEW

    The excellent performance of the Company in challenging times is due to the significant competitive advantages which the Venture has.




    Full Review

  • CHAIRPERSON’S REPORT

    I would like to thank the Merafe team and our partners Glencore, for their hard work during the year, which resulted in the Company producing an excellent financial, operational and safety performance in difficult circumstances.


    Full Report