SA's Top 20 Companies
9 MERAFE


Total score: 57,8     Historic score: 41,01     FM's score: 69


Merafe (formerly SA Chrome) is now a substantial player in ferrochrome. SA is the world's largest supplier and Merafe has a fifth of the world's largest ferrochrome company, through a joint venture with London-listed Xstrata. The main shareholder in Merafe is the Royal Bafokeng Nation. Management competence has been complemented by the equity provisions of the mining charter.


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