ARM profit rises 19% to R3.2bn as PGMs drive recovery & AGOA extension falls short.

Stephen Grootes speaks to Phillip Tobias, CEO of African Rainbow Minerals about the mining group’s FY2026 results, with headline earnings up 19% to R3.2 billion and net cash rising to R10.2 billion. The stronger performance was driven by a sharp recovery in PGMs, while ARM Ferrous earnings fell 42% amid weaker iron ore and manganese prices, lower production and a stronger rand.

In other interviews, Dr Saul Levin, Executive Director at economic policy research institute, Trade and Industrial Policy Strategies talks about President Donald Trump signing a two-year extension of AGOA, a far shorter timeframe than the 15-year renewal South Africa had been hoping for, and what it means for local exporters and US-SA trade relations.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.

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