Since its 2021 demerger from Anglo-American, Thungela has undergone significant expansion under Ndlovu.
"Ndlovu"
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The reduction, revealed on Wednesday, is attributed to persistent challenges in the country’s freight rail services.
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Under Ndlovu’s leadership, Thungela has evolved to the forefront of the market, excelling in the production and export of high-quality, low-cost thermal …
- Southern Africa
South African executive July Ndlovu drives Thungela’s expansion despite declining demand
Ndlovu drives Thungela’s expansion despite declining demand.
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Ndlovu owns a minuscule yet lucrative 0.74-percent stake in Thungela Resources.
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Ndlovu’s 0.74-percent stake in Thungela Resources is valued at $17 million.
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Thungela is a market leader in the production and export of high-quality, low-cost thermal coal.
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Controversial South African tycoon Hamilton Ndlovu banned from doing business with state
Ndlovu made a fortune through controversial PPE contracts.
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Thungela is a leading pure-play producer and exporter of high-quality, low-cost thermal coal.
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July Ndlovu’s Thungela Resources declares solid interim dividend
by Ishioma Emiby Ishioma EmiThe news comes after its successful listing on the Johannesburg Stock Exchange and London Stock Exchange on June 7.