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Ntsimbintle Holdings will distribute R11 billion to shareholders after selling its manganese business, prioritizing returns over new acquisitions.
Ntsimbintle Holdings, led by Saki Macozoma, will distribute R11 billion in proceeds from selling its manganese business to Exxaro to shareholders instead of reinvesting in new acquisitions.
Macozoma stated that true empowerment involves creating and returning value to owners, enabling them to decide how to use the funds, with the payout expected to support community development initiatives.
The move marks a strategic shift toward enhancing shareholder returns and long-term value distribution over growth through acquisition.
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Ntsimbintle Holdings distribuirá R11 mil millones a los accionistas después de vender su negocio de manganeso, dando prioridad a los retornos sobre las nuevas adquisiciones.