DocumentClosedannual report
Alexkor Annual Report 2023 24 Web
Alexkor SOC LimitedRef: https://alexkor.co.za/wp-content/uploads/2026/01/Alexkor-Annual-Report-2023-24-web.pdf
Official source
Source domain: alexkor.co.za
Collected on 30 July 2026
Always confirm details on the official source before acting.
What this means
This document is Alexkor SOC Limited’s Integrated Report for the 2023/24 financial year (covering 1 April 2023 to 31 March 2024). It describes Alexkor’s governance, strategy, stakeholder engagement, risks, and performance, including the Pooling and Sharing Joint Venture (PSJV) with Richtersveld Mining Company (RMC), in which Alexkor holds a 51% interest. The report notes a continued external audit disclaimer for 2023/24, material issues related to compliance and performance management, and financial/production outcomes such as lower carat volumes and higher revenue. It also states the Board’s approval and signature by the Chairperson, Dr Patricia Hanekom.
Facts
Reference
https://alexkor.co.za/wp-content/uploads/2026/01/Alexkor-Annual-Report-2023-24-web.pdf
Amounts
R 560 000 000, R 562 325 189, R 368 723 803
Key Takeaways
- Organisation: Alexkor SOC Ltd (Alexkor State-owned Company Limited)
- Reporting period: 1 April 2023 to 31 March 2024
- PSJV: unincorporated joint venture between Alexkor and Richtersveld Mining Company (RMC)
- Ownership in PSJV: Alexkor 51% interest; RMC 49% interest
- External auditor: Auditor-General of South Africa
- Audit outcome 2023/24: external audit again returned a disclaimer (compliance and performance management findings)
- Materiality issues: decline in production (Sep 2023 to Mar 2024 below half monthly production of preceding months); reduction in active contractors; lack of capacity to address outstanding audit issues
- Financial highlights: revenue recovered to over R560 million (R562 325 189 reported for 2024 vs R368 723 803 for 2023); gross profit decreased to R115 million (from R160 million)
- Production: carat volumes decreased to 23 000 from 35 000; actual reduction stated as 10 919 (2024: 23 081; 2023: 34 000)
- Liquidity/net assets: net current assets exceeding R400 million; PSJV cash of R122 million
- Board approval/signature: Dr Patricia Hanekom (Chairperson)
- Alexkor SOC Ltd
- Pooling and Sharing Joint Venture (PSJV)
- Richtersveld Mining Company (RMC)
- Sida !hub Communal Property Association (CPA)
- Parliament of South Africa
- Minister of Public Enterprises (shareholder representative during reporting period: Minister Pravin Gordhan)
- Department of Public Enterprises (DPE)
- Auditor-General of South Africa
- Special Investigating Unit
- State Capture Commission
- BDO (outsourced financial officer function)
- Dr Patricia Hanekom
- Unathi Mkiva
- Richtersveld Local Municipality
- Department of Agriculture, Land and Rural Development
- Department of Forestry, Fisheries and the Environment (DFFE)
- Department of Mineral Resources and Energy (DMRE)
- Department of Mineral and Petroleum Resources (DMPR)
- Commission for Conciliation, Mediation and Arbitration (CCMA)
Dates
Closing Date
1 April 2023