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SAFETY PERFORMANCE |
LTIFR OF 1.14
The lowest rate ever recorded by the Group
TOGETHER TO ZERO
HARM
DuPont safety initiatives implemented at all
operations
FATALITIES
Regrettably sustained four fatalities
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RETURN TO
PROFITABILITY |
PROFITABILITY
Group more solidly positioned to achieve profitability
and returns expected by shareholders
ORDER BOOK
R45 BILLION
Despite termination of Aquarius agreement
and de-scoping of power programme
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IMPROVED LIQUIDITY |
DEBT RESTRUCTURING New debt package of R4,3 billion (previously
R3,4 billion) created better alignment between debt
repayment tenure and timing of anticipated proceeds
of claims
RIGHTS ISSUE
Successful conclusion of R2,0 billion oversubscribed rights issue
STRONG YEAR-END NET
CASH BALANCE
Group’s net cash position improved to
R1,2 billion at 30 June 2012
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COMPLETION OF CHALLENGING PROJECTS |
GPMOF
Commitments on Gorgon Pioneer Materials
Offloading Facility discharged at a cash outlay
of more than R2 billion
GAUTRAIN
Operating Commencement Date 2 achieved
|
 |
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REDUCED COMMERCIAL
RISK |
MEDUPI AND KUSILE
POWER STATIONS
Resolution of major commercial issues with Eskom and Hitachi
GPMOF ARBITRATION
UNDERWAY
Favourable ruling on first three
disputes
|
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 |
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ABILITY TO IMPLEMENT
STRATEGY |
SUCCESSFUL IMPLEMENTATION
OF RECOVERY PROCESS LARGELY
COMPLETE
Growth strategy formulated and
approved by the Board in June 2012
RETURN TO PROFITABILITY AS SOON
AS PRACTICALLY POSSIBLE
ALIGNING PORTFOLIO OF
BUSINESSES WITH MARKET
SEGMENTS AND GEOGRAPHY
Expanding offshore revenue base
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|
 |
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ABILITY TO ATTRACT,
DEVELOP AND RETAIN
TOP TALENT |
EXECUTIVE REMUNERATION LINKED
TO STRINGENT PERFORMANCE
CONDITIONS, ENSURING GREATER
ALIGNMENT WITH SHAREHOLDERS’
EXPECTATIONS
R133 million spent globally on training
Increased focus on leadership development
|
|
 |
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ECONOMIC
TRANSFORMATION IN THE
SOUTH AFRICAN CONTEXT |
BROAD-BASED
BLACK ECONOMIC
EMPOWERMENT
LEVEL 3 contributor status maintained
Preferential procurement as a percentage of total
procurement spend increased to 68%
CORPORATE SOCIAL
INVESTMENT SPEND OF
R14 MILLION
|
