Why higher iron-ore prices are working in Kumba's favour
Higher iron ore prices and favourable currency effects has Kumba Iron Ore in a free cashflow position of over close to R21 billion - up 21% and that's despite production declines during its annual period. Shareholders will reap of the benefits. A final cash dividend of over R41 per share has been declared bringing the total payout to almost R61 - up by 30%. Company's CEO, Themba Mkhwanazi talks to Business Day TV's Alishia Seckam to discuss the group's annual performance in greater detail.