Kaya 959 Kaya Biz

Thungela earnings slump, but shareholders still rewarded.

Loading player...
Thungela Resources has taken a heavy knock from weaker coal prices and rising costs, with net profit plunging 79% to R248m in the first half of the year. Revenue slid 12% to R14.8bn, while HEPS fell 80% and EBITDA dropped 68%.



Yet, despite the tough market, Thungela is sticking to its shareholder returns policy declaring an interim dividend and announcing a new share buyback programme, backed by its strong cash position.



We speak to July Ndlovu, CEO of Thungela Resources, about how the group is navigating global coal price pressures, the cost squeeze, and its strategy to balance resilience with rewarding investors.
18 Aug 2025 4PM English South Africa Business News · Investing

Other recent episodes

South Africa's Car Buyers Defy Economic Pressure

Despite higher interest rates, rising fuel prices and growing living costs, South Africa's vehicle market continues to show remarkable resilience. Thanda Sithole, Senior Economist at FNB and WesBank, unpacks what strong vehicle sales reveal about consumer confidence, how buyers are adapting to affordability pressures, the rise of new-energy vehicles, and…
12 Nov 12PM 13 min

The Economics of Diabetes

Ahead of World Diabetes Day, Sara Norcross, VP and General Manager of Novo Nordisk South Africa, joins Kaya Biz to discuss the growing burden of diabetes and its impact beyond healthcare. From workplace productivity and economic growth to treatment access and prevention, the conversation explores why diabetes should be viewed…
12 Nov 12PM 20 min

Protecting Yourself in the Age of Digital Scams

Online scams are becoming more sophisticated and increasingly difficult to detect. Sylvia Musalagani, Head of Safety Policy for Europe, the Middle East and Africa at Meta, discusses the growing threat of digital fraud, Meta's anti-scam initiatives, and how partnerships with local institutions are helping consumers identify and avoid online scams…
12 Nov 11AM 10 min

South Africa's Capital Puzzle

South Africa has no shortage of capital, yet economic growth remains elusive. Jurie Strydom, CEO of Old Mutual, joins Kaya Biz to unpack why the challenge may not be attracting investment, but deploying existing capital into productive sectors of the economy. The conversation explores investor confidence, policy certainty, infrastructure constraints…
12 Nov 11AM 7 min

Reading South Africa's Economic Pulse

South Africa's economic activity weakened again in October, but there are emerging signs that pressure on households and businesses may begin to ease. Independent economist Elize Kruger unpacks the latest PayInc Economic Index, the fuel price outlook, consumer behaviour, business confidence and the key economic trends to watch heading into…
11 Nov 12PM 10 min
All episodes