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Alexkor SOC Limited publication

Alexkor SOC LimitedRef: https://alexkor.co.za/wp-content/uploads/2024/09/Alexkor-AR-2018.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 the Integrated Report for Alexkor SOC Ltd for the year ended 31 March 2018. It describes Alexkor’s reporting approach (aligned to IFRS, King IV, the Companies Act 71 of 2008, and the Public Finance Management Act), its reporting boundary (including Alexkor SOC Ltd and the Pooling and Sharing Joint Venture, PSJV), and its value-creation framework using the six capitals. The Board approved the annual financial statements and Integrated Report on Tuesday, 24 July 2018, on the recommendation of the Audit and Risk Committee, and it sets out the company’s purpose, strategy, operations, and performance objectives/targets for 2017/18.

Facts

Places

Northern Cape

Reference

https://alexkor.co.za/wp-content/uploads/2024/09/Alexkor-AR-2018.pdf

Amounts

R 409 000 000

Key Takeaways

  • Integrated Report for the year ended 31 March 2018
  • Reporting boundary includes Alexkor SOC Ltd and the Pooling and Sharing Joint Venture (PSJV)
  • No significant changes in scope/reporting boundaries during the period (except continuous improvement in risk management and governance)
  • Reporting guided by IFRS, King IV (2016), Companies Act No 71 of 2008, and the Public Finance Management Act
  • Board approval date: Tuesday, 24 July 2018
  • Board approved annual financial statements and Integrated Report on recommendation of the Audit and Risk Committee
  • Alexkor purpose: support South African Government national developmental agenda by optimising natural resources for economic development
  • Operations focus: Richtersveld area; marine concessions from north of Alexander Bay to south of Port Nolloth; land concessions equivalent to 865km2 via PSJV (49% Richtersveld community, 51% Alexkor)
  • FY 2017/2018 production and revenue: 41,941 carats; R409 million revenue
  • Strategic objectives prioritised in November 2017: increase carat production (exploration, rework tailings, expand mining footprint) and diversify business model (mineral diversification/beneficiation, expansion outside Richtersveld)
  • Alexkor SOC Ltd
  • Pooling and Sharing Joint Venture (PSJV)
  • Richtersveld community
  • South African Government (Shareholder)
  • National Treasury
  • Department of Public Enterprises (DPE)
  • Department of Mineral Resources (DMR)
  • Northern Cape Provincial Government
  • Audit and Risk Committee
  • Board of Alexkor
  • Ms Hantsi Matseke (Chairperson)
  • Harry Oppenheimer Diamond Training School
  • Chris Kirchhoff (MediaClubSouthAfrica.com photo credit)