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Pan African puts debt repayments before dividends By Dineo Faku Share JOHANNESBURG - PAN AFRICAN Resources said yesterday it had chosen to prioritise repaying its debt over declaring an interim dividend during the six months to the end of December last year. Debt was reduced by 47.3 percent to $65.2 million (about R951m) in December as the group pushed to strengthen its capital structure. Chief executive Cobus Loots said given the record rand dividend payment last year, the group wanted to strike a balance between debt reduction and a dividend. “At the R900 000-a-kilogram gold price, the group should be debt-free by the end of the financial year,” said Loots

South africaCobus lootsBarberton minesBarberton mineNew consortPrince consort shaft levelPan africanபார்பர்டன் சுரங்கங்கள்பார்பர்டன் என்னுடையதுபுதியது மனைவிப்ரிந்ஸ் மனைவி தண்டு நிலை