Salungano Group Limited
JJSE:SLG97.00
ZAC
+6.00
(+6.59%)
Salungano Group Limited
JSE:SLG
(Johannesburg Stock Exchange)
Recent
price
97.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
ZAR
•
in mil. unless spec.Working Capital
ZAR
•
in mil. unless spec.Growth Rates
ZAR
•
in mil. unless spec.Semi-annual Revenue
ZAR
•
in mil. unless spec.Semi-annual Earnings Per Share
ZAR
•
in mil. unless spec.Semi-annual Dividends Per Share
ZAR
•
in mil. unless spec.- Similar Companies
- Business
- Salungano Group Limited is a coal-focused mining company primarily engaged in the mining, processing, selling, and distribution of thermal coal in South Africa. The company operates through two main divisions: Mining and Trading. Its Mining division comprises four operating mines in the Mpumalanga province — Moabsvelden, Elandspruit, Vanggatfontein, and Khanyisa — alongside a 50% joint venture interest in the Arnot Mine. The Trading division involves the trading of coal commodities sourced from its mining operations and third-party suppliers. Founded with a strong commitment to environmental, social, and governance (ESG) principles, Salungano Group is headquartered in Johannesburg and is listed on the Johannesburg Stock Exchange (Ticker: SLG.JO). In recent developments, Salungano Group is undergoing a strategic transformation to transition from coal dependency towards a diversified investment portfolio with a strong focus on sustainable value creation and ESG-compliant business expansion. This entails a gradual reduction of coal assets through responsible mining practices while incorporating investments in various industries. Notably, the group concluded a business rescue plan approved by shareholders in mid-2024 to stabilize and turn around operations, narrowing operational losses. It also recently reached a standstill agreement with key creditors Nedbank and Standard Bank to facilitate financial restructuring and operational recovery. The company continues to invest heavily in community economic development and social investment programs aligned with its empowerment and transformation agenda, which includes a 70% Black Economic Empowerment ownership structure. Salungano Group's core business segments encompass coal mining with extensive coal resources exceeding 300 million tonnes, including ownership of three operating mines and multiple processing plants. The group's strategic portfolio further includes minor interests in coal supply chain infrastructure to support its operations. Its target markets primarily involve domestic and industrial coal consumers within South Africa, with ongoing efforts to diversify operations for sustainable growth. The company’s leadership emphasizes accountability, innovation, and social inclusion as pillars during its transformation phase toward becoming a leading black-owned diversified investment entity. This description captures Salungano Group Limited's core products and services, geographic focus, founding background, and recent strategic and operational changes as reflected in the latest publicly available data.