Thread by @MaanoMadima

Royal Bafokeng Platinum (RBPlat) shareholders your week in here.

Will RBPlat emulate Anglo American Platinum (Amplats) with a big dividend?

For the year ended 31 Dec 2020, RBPlat declared its first ever dividend of R1,5 billion (575.0 cents per share).

Brief history.

In 2002, Anglo American Platinum formed a 50:50 joint venture (JV) with the Bafokeng Royal family) through its wholly owned subsidiary, Rustenburg Platinum Mine.

The above joint venture formed through Royal Bafokeng Resources (Pty) Ltd (RBR), became known as the Bafokeng Rasimone Platinum Mine Joint Venture (BRPM JV).

In 2010, the Bafokeng, through their investment vehicle Royal Bafokeng Holdings (RBH), ⬆️ their participating interest to 67%, gaining operational control of the BRPM JV.

This resulted in the restructuring of the JV in 2009, paving the way for the listing of (RBPlat).

When RBPlat listed on the JSE in 2010, it was the 1st community-owned company to do so and remains the only community-owned company listed on the JSE.

In Dec 2018, RBPlat acquired Amplats' 33% interest in the joint venture for R1.863 billion, becoming sole owner of the assets.

For year ended 31 Dec 2020, RBPlat declared its maiden dividend of R1.5 billion (575.0 cents per share).

The current structure of Royal Bafokeng Platinum is as below.

The Bafokeng Royal family owns 37% of RBPlat through their investment vehicle, Royal Bafokeng Holdings.