24th Mar 2026 06:54
Tharisa PLC - Cyprus-headquartered platinum miner - Says it has secured new trade finance facilities from its existing banks. Notes that these facilities are designed to provide greater flexibility, improve working capital efficiency, and enhance its global trading capabilities. Says it has negotiated improved unsecured, revolving trade finance facilities, with Hongkong & Shanghai Banking Corp Ltd, providing USD30 million, and Absa Bank Ltd, offering USD15 million with an "accordion" of USD15 million.
"Securing these enhanced trade finance facilities strengthens our balance sheet resilience and optimises our working capital flows. The additional flexibility allows us to unlock further value in our global marketing and sales activities while supporting our disciplined growth strategy," Tharisa Chief Executive Officer Michael Jones says.
Stock price in Johannesburg: ZAR22.35
12-month change: up 47%
Stock price in London: 103.00 pence
12-month change: up 65%
By Artwell Dlamini, Alliance News senior reporter South Africa
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