Salungano Group Limited (SLG.JO)

50.00 0.00 (0.00%) As of 09:30AM SAST. Market open.

Salungano Group Limited

Woodmead Business Park
First Floor, Building 10 142 Western Service Road Woodmead
Sandton 2191
South Africa
27 11 049 8611
https://salunganogroup.com

Sector(s): Energy
Industry: Thermal Coal
Full-time employees: 190

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Muthanyi Robinson Ramaite	Group CEO & Executive Director	2.81M	N/A	1969
Ms. Kabela Mahlatse Maroga B.Com (hons), CA (SA)	Group CFO & Non-Executive Director	881k	N/A	1980
Mr. Michael Berry	Chief Executive Officer of Trading	4.05M	N/A	N/A
Mr. Thivha Tshithavhane	CEO of Mining & Executive Director	4.34M	N/A	1978
Mr. Enos Lentsoane	Executive Head of Commercial & Investments	N/A	N/A	N/A
Jacques De Bie	Senior Manager of Investor Relations	N/A	N/A	N/A
Ms. Nozie Lubanga	Compliance & Risk Officer	N/A	N/A	N/A
Mr. Sabelo Dlamini	Group Legal Counsel	N/A	N/A	N/A
Mr. Freddy Ndou	Executive Head of Corporate Services	N/A	N/A	N/A
Mr. Stefan Smyth	Chief Restructuring Officer	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in ZAc.

Description

Salungano Group Limited, together with its subsidiaries, engages in mining, processing, selling, and distributing thermal coal primarily in South Africa. The company operates through four segments: Mining, Trading, Property Rental, and Investment Holding. It is involved in the exploration, beneficiation, and mining of bituminous coal; and buys and sells coal to inland customers. The company holds interests in the Elandspruit Colliery, Khanyisa Complex Colliery, and Vanggatfontein Colliery mines; and the Moabsvelden and Arnot projects. In addition, it engages in the property rental activities. The company was formerly known as Wescoal Holdings Limited and changed its name to Salungano Group Limited in April 2022. The company was incorporated in 2005 and is headquartered in Sandton, South Africa. Salungano Group Limited is a subsidiary of K2016316243 (SA) Proprietary Limited.

Corporate governance

Salungano Group Limited’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.