Northam Joins SA’s Blue Chips In JSE Top 40 Index  - Business Media MAGS

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Northam Joins SA’s Blue Chips In JSE Top 40 Index 

Northam Platinum is pleased to advise that the company has for the first time been included in the FTSE/JSE Top 40 index, with a ranking of 32. The admission is effective from 23 March 2020. 

Northam was first listed on the JSE exactly 33 years ago, on 5 March 1987, with a single developing operating asset in its portfolio. The group has since transformed into a multi-asset, diversified quality platinum group metal producer. At close of business yesterday Northam’s market cap was pegged at R60 billion, reflecting the extraordinary capital appreciation which the company has achieved. 

Northam’s H1 results were issued only a few days ago on Friday 28 February, when the company declared a record operating profit of R3 billion. Chief executive Paul Dunne paid tribute to the company’s long-standing and loyal shareholders and employees, and the support that he has received in executing the group’s successful growth strategy. 

Image: ©iStock - 1089980390

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