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Alexkor SOC Limited publication

Alexkor SOC LimitedRef: https://alexkor.co.za/wp-content/uploads/2024/09/Alexkor-AR-2010.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 Alexkor Limited Annual Report 2010. It describes Alexkor as a state-owned juristic entity established under the Alexkor Limited Act (Act No. 116 of 1992, as amended) and wholly owned by the Government of South Africa through the Minister of Public Enterprises. The report focuses on progress and obligations under the 2007 Deed of Settlement with the Richtersveld Community, including approvals for transfer/conversion of mining rights, township development milestones, and the planned Pooling and Sharing Joint Venture (PSJV). It also reports financial performance for the year ended 31 March 2010, including diamond sales revenue of R163.8 million and an operating loss of R6 million that became a net after-tax profit of R36.1 million after non-cash items.

Facts

Reference

https://alexkor.co.za/wp-content/uploads/2024/09/Alexkor-AR-2010.pdf

Amounts

R 45 100 000, R 58 200 000, R 163 800 000

Key Takeaways

  • Document: Alexkor Annual Report 2010
  • Entity: Alexkor Limited established under Alexkor Limited Act No. 116 of 1992 (as amended)
  • Ownership: wholly owned by Government of South Africa via Minister of Public Enterprises
  • Deed of Settlement date: 22 April 2007
  • PSJV: Pooling and Sharing Joint Venture to oversee mining activities (unincorporated joint venture)
  • Land mining rights conversion granted: 28 January 2010; executed: 19 May 2010
  • Marine mining rights conversion granted and executed: 2 July 2010
  • Outstanding item: cession of mineral rights to Richtersveld Community expected by end of October 2010
  • Township development handover target: July 2011
  • Actuarial valuation reduction: R45.1 million reduction in post-retirement medical aid obligations; 2009 provision increase: R58.2 million
  • Going concern concern raised by external auditor; Board reviewed solvency and cash resources
  • Financials (year ended 31 March 2010): gross revenue from diamond sales R163.8 million (vs R127.5 million in 2009); operating loss R6 million (vs R26.6 million in 2009); net after-tax profit R36.1 million
  • Average exchange rate for 2010: R7.79/$1; operating cash reduced by R1.1 million
  • Alexkor Limited
  • Government of the Republic of South Africa
  • Minister of Public Enterprises
  • Department of Mineral Resources
  • Department of Public Enterprises
  • Richtersveld Community
  • Richtersveld Mining Company
  • Pooling and Sharing Joint Venture (PSJV)
  • Reginald Tafara Muzariri
  • Prof. Viola Makin
  • Sibongiseni Simangele Ngoma
  • Khetiwe McClain-Maseko
  • Dr. Roger Leslie Paul
  • Claude Llewellyn Towell
  • Wiaan Basson
  • Charl Wilmans
  • Berno Lategan