Black-controlled diversified resources group Exxaro, which created 746 jobs and supported 30 small, medium-sized and microenterprises in the twelve months to December 31, reported a R235-million top-line 2019 increase, raised its dividend payout and lifted headline earnings a share. Core earnings declined by 20%, mainly on the impact of the 27% drop in the export API4 coal price, local inflationary cost pressures and higher rehabilitation costs at its closed operations.
