Soaring Merafe goes into cashflow orbit, lifts dividend 151%

Chrome and ferrochrome company Merafe delivered exceptional results for 2017, setting new production, revenue, earnings before interest tax depreciation and amortisation (Ebitda) and dividend records. Cashflow from operating activities rocketed 179% to R1 400-million, compared with R502-million in 2016, leaving the JSE-listed company with net cash of R600-million, compared with net debt of R409-million in 2016.