The ring-fenced housing development of platinum group metals mining company Royal Bafokeng Platinum (RBPlat) provides every employee with the opportunity to own a dignified home, RBPlat CFO Hanré Rossouw said on Tuesday, when he noted the company’s R53.5-million housing project for the new Styldrift mine. Rossouw pointed out that the 351% cost increase above last year’s R21.3-million housing expenditure related mainly to a non-cash spend in the amortisation and fair value adjustment of the loans that were offered to RBPlat employees at a preferential rate.
