135.00
-1.46%
Close of 9 Nov 2026, in ZAc
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About Merafe Resources
Its shares trade on JSE under the ticker MRF.JO. It has been listed since 1 July 1992. In the fiscal year to 31 December 2025, it reported revenue of ZAR 5.83bn and net income of ZAR 142.6m. At that date it held total assets of ZAR 6.06bn and shareholders' equity of ZAR 4.72bn.
Merafe Resources Ltd. engages in the production and marketing of ferrochrome to the stainless steel industry through the Xstrata-Merafe Chrome Venture. The company is headquartered in Bryanston, Gauteng. The Glencore-Merafe Chrome Venture (the Venture) operates five ferrochrome smelters, over 20 ferrochrome furnaces and eight mines, situated in the North-West, Limpopo and Mpumalanga provinces of South Africa. Merafe Ferrochrome holds interest in Wonderkop smelter, Boshoek smelter, Lion I smelter and Lion II smelter. Merafe Ferrochrome holds interest in Boshoek mine, Kroondal and Wonderkop mine, Helena mine and Magareng mine. Merafe Ferrochrome holds interest in Impala Kanana UG2 plant, Lonmin UG2 plants, Mototolo UG2 plant, Bokamoso pelletizing plant, Motswedi pelletizing plant and Tswelopele pelletizing plant.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 1 Jul 1992
- Employees
- 7,022
- Website
- meraferesources.co.za ↗
Leadership
Pay as last reported
- Mr. Ditshebo PhiriNon-Executive Independent Chairman of the Board
- Ms. Zanele MatlalaChief Executive Officer, Executive Director, since 2005ZAR 22.5m
- Mr. Ditabe ChochoFinance Director, Executive Director, since 2013ZAR 12.5m
- Mr. William SomervilleCompany Secretary
- Mr. Daniel GreenNon-Independent Non-Executive DirectorZAR 434,000
- Mr. David McGluwaNon-Independent Non-Executive DirectorZAR 401,000
- Mrs. Nonhlanhla Mabusela-AikhuereIndependent Non-Executive DirectorZAR 606,000
- Mr. Jeffery MclaughlanIndependent Non-Executive DirectorZAR 498,000
- Mr. Katlego TlaleIndependent Non-Executive DirectorZAR 487,000
- Ms. Matsotso VusoIndependent Non-Executive DirectorZAR 578,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 39
- Environment
- 20
- Social
- 76
- Governance
- 20
- Women in the workforce
- 63%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Merafe Resources Ltd has several key strengths that contribute to its success. Firstly, the company has a strong portfolio of mining assets, which include a significant stake in the Glencore-Merafe Chrome Venture. This provides Merafe with a steady source of revenue and a competitive edge in the chrome industry. Additionally, the company benefits from strong partnerships with global mining giants, allowing for knowledge sharing, technical expertise, and access to international markets. Furthermore, Merafe is known for its commitment to sustainable mining practices and social responsibility, enhancing its reputation and brand image.
Weaknesses
- Despite its strengths, Merafe Resources Ltd faces some weaknesses that may hinder its growth. One notable weakness is its dependence on the performance of the chrome market. Fluctuations in chrome prices can significantly impact the company's financial results. Moreover, Merafe's geographical concentration in South Africa exposes it to potential political and regulatory risks. Additionally, the company may face challenges in maintaining cost efficiency and managing operational risks associated with mining.
Opportunities
- Merafe Resources Ltd can leverage several opportunities to expand its business and increase its market share. One major opportunity lies in the growing demand for chrome in industries such as stainless steel production, chemical manufacturing, and automotive components. By capturing these emerging markets, Merafe can gain a competitive advantage and achieve revenue growth. Additionally, the company can explore strategic alliances or acquisitions to expand its asset base and diversify its product offerings. Moreover, the increasing focus on sustainable practices in the mining industry presents an opportunity for Merafe to showcase its commitment and attract environmentally conscious customers.
Threats
- Merafe Resources Ltd must remain vigilant and address potential threats that could negatively impact its business. One significant threat is the volatility of global commodity prices, including chrome. Fluctuations in prices can lead to lower profitability and financial instability. Moreover, increasing competition in the mining industry poses a threat to Merafe's market position, potentially leading to price wars and margin erosion. Furthermore, the company could face social and environmental opposition to its mining activities, which may result in delays, regulatory hurdles, or reputational damage.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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