Thungela Resources, South Africa’s leading exporter of coal, remains optimistic about the new government’s impact on its business. Despite potential earnings challenges due to a stronger rand, Thungela CFO Deon Smith sees the overall direction in South Africa as positive, providing a pre-close update to global investors.
The government of national unity (GNU), composed of the ANC, DA, IFP, Patriotic Alliance, and GOOD, signifies a new era in South African politics. Embracing this change is crucial for the country’s future prosperity.
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