no guarantees

The JSE-listed ferrochrome producer, Merafe Resources, will not be able to guarantee the fulfilment of customers' contracts as a result of the imminent power crisis, it said yesterday.

The JSE-listed ferrochrome producer, Merafe Resources, will not be able to guarantee the fulfilment of customers' contracts as a result of the imminent power crisis, it said yesterday.

Merafe Resources released its annual results yesterday, which showed that the company had boosted revenue by 60percent to R1.6billion, and net profit by 72 percent to R240 million.

But it could not guarantee that it would be able to produce enough to meet the demands of all its customers. - Zweli Mokgata

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