R/€ = 18.05 Change: 0.01
R/$ = 14.98 Change: -0.04
Au 1714.92 $/oz Change: -7.09
Pt 1184.92 $/oz Change: 6.92


Hulamin appoints new CFO

By: Simone Liedtke     21st January 2021 Aluminium supplier and exporter Hulamin has appointed Meganathan (Mark) Gounder CFO and executive director, with effect from April 1. Gounder is an experienced finance professional with over 25 years’ experience, and he has held various senior finance roles within the Illovo Sugar Group, which... 

Hulamin expects to return to profitability in the second half of this year 

By: Tasneem Bulbulia     21st September 2020 Significant cost reduction efforts, coupled with stringent controls over working capital, helped to reduce the impact of Covid-19-related restrictions on aluminium supplier Hulamin's performance for the six months ended June 30, CEO Richard Jacob said on September 21. The company noted that cost... 

Hulamin expects headline loss a share of at least 70c

By: Marleny Arnoldi     19th June 2020 JSE-listed aluminium supplier Hulamin expects to report a basic loss a share of between 370c and 380c for the year ended December 31, 2019. This compares with a loss a share of 242c reported for the year ended December 31, 2018.  

Aluminium in spotlight as LME opts for low-carbon trading platform 

By: Martin Creamer     8th June 2020 Aluminium may find itself with an officially recognised ‘green’ tag when a low-carbon version of the metal is given new trading platform next year. FT Weekend and Aluminium International Today have reported that the London Metal Exchange (LME) will next year launch a platform to trade low-carbon... 

As opposition to Level 4 grows, economists debate easing options 

By: Terence Creamer     8th May 2020 With the opposition to South Africa’s Level 4 lockdown growing, along with calls for increasing the scope and scale of economic activity, several economic commentators are urging the authorities to take lessons from those countries that have already started to emerge from lockdowns and adapt them... 

Hulamin expects Covid-19 to negatively impact on earnings

By: Simone Liedtke     17th April 2020 South Africa’s national lockdown is a significant disruption to JSE-listed Hulamin’s operations and has resulted in a decrease in demand for its products, particularly in the general engineering and automotive sectors. Consequently, Hulamin expects this to negatively impact on its earnings before... 

Hulamin assures business remains strong as turnaround continues  

By: Tasneem Bulbulia     23rd August 2019 JSE-listed aluminium supplier and exporter Hulamin CEO Richard Jacob on Friday assured shareholders that the underlying business remained strong, despite the “painful period” the company was currently experiencing. He told Engineering News Online that this was evidenced by the company’s net debt... 

PnP joins metal packaging recycling organisation

By: Marleny Arnoldi     21st June 2019 Supermarket group Pick n Pay (PnP) has signed up as a member of MetPac-SA, a producer responsibility organisation representing the metal packaging recycling industry in South Africa. MetPac-SA CEO Kishan Singh this week applauded PnP’s decision to support the local metal packaging industry’s... 

Hulamin extrusions to consider restructuring

By: Creamer Media Reporter      23rd May 2019 Hulamin Extrusions is division of Hulamin Limited operating out of two plants in Olifantsfontein in Gauteng and Pietermaritzburg. Hulamin Extrusions employs approx. 400 people (which is around 20% of total Group employment) and contributes approx. 10% to group turnover. Since 1952, Hulamin... 

Hulamin reviews extrusions business, rolled products reaches record volumes 

By: Marleny Arnoldi     19th March 2019 JSE-listed aluminium supplier and exporter Hulamin’s rolled products division reported a “superb” manufacturing performance for the year ended December 31, 2018, increasing its sales by 6% to 228 000 t. This third consecutive year of record sales volumes from rolled products helped to offset... 

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