Trahar gives mixed outlook for rest of Anglo's year

Anglo American chief executive Tony Trahar has said the group's outlook for the rest of 2003 is mixed, and that it is unlikely to match its 2002 performance.

Trahar also told Anglo shareholders of the group's "disappointment" with some of the proposed royalty levels contained in the draft Money Bill.

"We believe that in some sectors the proposals may both damage the international competitiveness of existing operations and reduce the relative attraction of South Africa as an investment...


April 25, 2003

14:45 GMT