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DocumentNot applicableMedia statement

Message From The Chairperson

Alexkor SOC LtdRef: https://alexkor.co.za/message-from-the-chairperson/

Official source

Source domain: alexkor.co.za

Collected on 29 July 2026

Always confirm details on the official source before acting.

What this means

This is a “Message from the Chairperson” by Dineo Peta (Chairperson and independent non-executive director) for Alexkor SOC Ltd. The message discusses Alexkor’s relationship with the Richtersveld community, governance and audit status (including a disclaimer in the 2023/24 audit), and financial/production performance, including reduced carat volumes and revenue of about R562 million. It outlines an outlook and turnaround strategy for diamond mining, mentions outsourcing of the financial officer function to BDO, and notes the Board’s term extension to 31 March 2025.

Facts

Reference

https://alexkor.co.za/message-from-the-chairperson/

Amounts

R 560 000 000, R 562 325 189, R 368 723 803

Key Takeaways

  • Author: Dineo Peta (Chairperson and independent non-executive director)
  • Subject: Alexkor SOC Ltd chairperson’s message (centenary approaching)
  • PSJV: unincorporated joint venture of Alexkor and RMC; inception in 2011; followed a 2003 land claim
  • RMC 49% interest in PSJV represented by three court-appointed directors (improperly constituted)
  • February 2023: Sida !hub CPA reconstituted with support of Department of Agriculture, Land and Rural Development
  • Audit: 2023/24 audit returned a disclaimer (compliance and performance management); similar to 2022/23
  • Financials: revenue about R560m+; 2023/24 revenue R562 325 189 vs R368 723 803 (2022/23)
  • Production: carat volumes decreased to 23 000 from 35 000; 2024: 23 081 vs 2023: 34 000 (as stated)
  • Irregular expenditure: R19 million vs R7 million (related to contract awards)
  • Outlook: operating loss expected in 2024/25 due to low production and diamond price volatility
  • State Capture Commission: awaiting decision on Scarlet Sky Investments diamond marketing and sales tender
  • Financial officer function outsourced to BDO; Unathi Mkiva heading acting capacity
  • Board term extended to 31 March 2025
  • July 2024: appointment of 17 contractors approved
  • Alexkor SOC Ltd
  • Dineo Peta
  • Richtersveld Local Municipality
  • Richtersveld community
  • RMC
  • PSJV (Alexkor and RMC unincorporated joint venture)
  • Sida !hub CPA
  • Department of Agriculture, Land and Rural Development
  • Auditor-General
  • Special Investigating Unit
  • State Capture Commission
  • Scarlet Sky Investments
  • BDO
  • Unathi Mkiva
  • Pravin Gordhan
  • Prof Mavis Hermanus

Dates

Closing Date

31 March 2025