19 November 2014, PRETORIA – TreasuryOne announces that Royal Bafokeng Platinum Limited (RBPlat), has selected TreasuryOne’s Foreign Exchange Risk Management and Money Market service offering to support their cash and treasury risk management operations.

RBPlat chose TreasuryOne as their FX strategy execution partner because of TreasuryOne’s superior market performance and quality of administration in this most demanding and technical field. The TreasuryOne dealing team implements RBPlat’s agreed strategy, purchasing and settling the necessary FX transactions. All market operations comply with SA Reserve Bank regulations and RBPlat’s hedging policy and strategy.

The TreasuryOne team’s professional skills in this most volatile and complex market enable them to achieve a superior, highly competitive price performance for RBPlat, over time.

Hennie de Klerk, TreasuryOne’s CEO comments:  ‘We are working in partnership with the RBPlat team to ensure that they enjoy all the benefits of best practice foreign exchange risk management processes combined with expert advice on enhancing their interest rate returns on surplus cash.’ About Royal Bafokeng Platinum Royal Bafokeng Platinum Limited (RBPlat; JSE:RBP) was originally incorporated in July 2008 by Royal Bafokeng Holdings (RBH), the investment vehicle of the Royal Bafokeng Nation (RBN), a community of about 300,000 Setswana-speaking people which has substantial, minerals-rich land holdings in South Africa’s North West province.

RBN land has a permanent population of approximately 150,000 people, two-thirds of whom are members of the Bafokeng Nation. Additional information about the RBN can be found on www.bafokeng.com. Today it is a platinum group metals (PGMs)-focused company listed on the JSE Limited. RBPlat was created from the restructuring of the Bafokeng Rasimone Platinum Mine (BRPM) Joint Venture between RBH and Anglo American Platinum Limited, which resulted in the ownership and control of the mining operations of the joint venture vesting in RBH, via its subsidiary RBPlat. RBPlat reported a 33% increase (116 cents) in headline earnings per share (HEPS) in their results for the six months ended 30 June 2014 compared to 87 cents in the previous corresponding period and a 45% increase in cash generated by operating activities to R776.5 million (2013: R535.4 million).

Headline earnings increased 44.6% from R143.2 million in the first half of 2013 to R207.1 million for the similar period in 2014. Their 4E PGM ounce production increased by 3% to 134.2koz (2013: 130.3koz), with built-up head grade remaining relatively flat at 4.25g/t 4E (2013: 4.28g/t 4E). The balance sheet at the end of the six months to 30 June 2014 remained ungeared with cash and cash equivalents of R 2 209.9 million.

About TreasuryOne: TreasuryOne was established in May 2000. The company's mission is to provide a broad range of best practice treasury services to organisations of all sizes and levels of complexity, and also to private individuals. TreasuryOne delivers professional treasury services to clients as and when needed. All TreasuryOne offerings are fully scalable, so that the client enjoys the benefit of expert, cost-effective advice and execution, without paying for unnecessary staff and system overheads in the specialist field of treasury.

Our clients enjoy all the benefits of working with a highly qualified and experienced partner. TreasuryOne’s product offerings include the delivery and support of treasury management technology systems, foreign exchange rate risk management and execution services, offshore investment transfers, outsourced treasury management operations, investment management, best practise treasury consulting services, financial instrument valuation and treasury training.

Clients experience the value of enhanced treasury performance and reduced risk in today’s demanding financial environment. TreasuryOne is an authorised financial services provider. FSP no 22433

Editorial contact:

Maria Muller
éclat Marketing
Tel: +27 (0) 61 441 4920
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Website: www.eclatmarketing.co.za