According to the information received from Alexkor
(1) The PSJV agreement is still operational and adhered to within the law.
(2) (a) On average the PSJV’s operational costs are R152m per annum;
(b) The Initial Capital Contribution of R200m as a loan and a short-term loan of R4.8m was provided to the PSJV. The loans were provided in terms of the Deed of Settlement.
(3) Alexkor has not withdrawn any funds from the PSJV;
(a) The only amounts paid by the PSJV to Alexkor was R11m in 2017/18 financial year as repayment of a portion of the Initial Capital Contribution loan and R4.6m in 2017 as profit share contribution.