With a total BEE score of 71%, Merafe Resources is way ahead of its peers in the mining sector of the JSE. Merafe was listed in 1998. Last year the group was named the second-most empowered entity on the JSE in the Top Empowerment Companies survey with a total score of 79%. The group has slipped this year but remains the best by far in the resources sector. Merafe derives its empowerment credentials mainly from parent company Royal Bafokeng Holdings (RBH), which holds about 30% of the ferrochrome producer. It boasts a total of 51% in black voting and economic interests. Under the leadership of Steve Phiri, Merafe claimed 7,6 out of 10 points on management and its board is 67% black.
