Shareholding
As an independent private company, our shareholders are drawn from across the South African gold mining industry, placing Rand Refinery in a unique position. This gives us extensive insight and unique understanding of the precise requirements of both the mining process and mining houses, ensuring we fully meet our customers’ needs. At the same time, we enjoy the full support of two of the largest gold mining houses in the world. This gives us sustainability of supply which gives comfort to our downstream customers.
Board of Directors and Management
Independent Non-Executive Directors
Non-Executive Directors
Alternate Directors
Executive Committee
Busisiwe Khangale
Company Secretary
Our History
In the early days of South African gold mining, the crude bullion produced had to be shipped to London for refining. However, the year 1909 was the first step on our journey of independence when the Transvaal Chamber of Mines founded the Witwatersrand Co-operative Smelting Works, to treat the gold and silver bearing by-products from reduction works.
On 27 November 1920, Rand Refinery Limited was registered as a private company with initial capital raised from shares limited to gold mining companies that were members of the Chamber of Mines.
Throughout our journey to independence we constantly strive to put both our local and international clients top of mind and continue to pursue valuable change in everything we do.
Our Journey So Far
With over a 100 years of rich heritage, we have built strong relationships based on integrity and ethics, strived beyond our humble beginnings at the foot of Africa and achieved many global firsts.
We commit to constantly pursue valuable change in everything we do, from helping young and talented jewelers realize their potential. We continue to grow Rand Refinery, while doing our part to decrease South Africa’s high unemployment rates.
Going forward, we will strive harder and further – expanding our expertise exponentially, adding value beyond measure, exploring new and untapped markets and establishing key global partnerships and alliances.
Our People
Integral to driving our pursuit of excellence and constantly refining our offering are the people of Rand Refinery. We enjoy exceptional long-term loyalty matched with talent and immense experience. And as a result, we have built long-term customer relationships in the process.
See our Employment Equity Policy.
Our Values
Our Mindset
- SSHEQ – “I take personal responsibility for security, safety, health, environment and quality”
- Accuracy and precision – “Every milligram counts for me”.
- Delivery Culture – “I am accountable, and results orientated”
- Ubuntu – “I am honest, respectful, mindful of our diversity and behave with integrity in my daily interactions.”
Policies and Procedures
Rand Refinery’s values provide the framework for the development, implementation, maintenance, monitoring and review of company policies and procedures. There are several policies but contrary to the why we do business are:
- Ethics policy
- Whistleblowing policy
- SHEQ policy
- Employment Equity policy
- Workplace Bullying
- CCCD Policy
- POPIA Policy
- PAIA Manual
- POPIA Statement
- Form Personal Information Request
- Form POPIA Complaint
- Form POPIA Notice and Consent
- Sexual Harassment
- Favouritism
- Remote Working
- Recruitment
- Leave
- Disciplinary Code Policy
Environmental Sustainability Governance
- To help alleviate poverty
- Safeguard good health and well being
- Stimulate quality education
- Encourage gender equality
- Empower industrial innovation
- Develop sustainable communities
- Ensure responsible consumption and production
- Ekurhuleni Jewellery Project (EJP)
- Design @ 50
- Intsika Skills Beneficiation Project (under construction)
- MF Creations (not functional)
For more details on our ESG initiatives / reporting – for example Covid response, BBBEE, community engagement, Governance, Environment (Water, Energy usage etc) – please see the relevant sections of our annual report: