Merafe Resources: Kajal Bissessor

Kajal Bissessor has been the Financial Director of Merafe Resources since January 2015.

Kajal Bissessor began her career at KPMG and then joined Merafe as Financial Controller in March 2009. Kajal was appointed Finance and Investor Relations Manager in June 2010 and was appointed Financial Director in January 2015. Kajal is an invitee to the Audit and Risk Committee and the Remuneration and Nomination Committee and in 2015 was appointed a member of the Social, Ethics and Transformation Committee. Kajal is a Non-Executive Director of Anchor Group Limited and chairperson of their Audit and Risk Committee. She a B.Com Hons from the University of KwaZulu-Natal. She is a qualified CA (SA).

2015 – Present    Audit Committee Chairperson/Non-executive Director, Anchor                                   Capital SA
2015 – Present    Financial Director, Merafe Resources Ltd
2010 – 2014         Finance and Investor Relations Manager
2009 – 2010         Financial Manager, Merafe Resources Ltd
2007 – 2009         Audit Manager, KPMG
2004 – 2007         Audit Trainee, KPMG

2003                       B.Com, Honours, Accounting, University of KwaZulu-Natal
2000 – 2002         B.Com, Accounting, University of KwaZulu-Natal

About Merafe Resources Ltd: Merafe Resources is listed on the JSE Ltd in the General Mining sector. The main focus of their business is on the 20.5% of the Glencore-Merafe Chrome Venture, in which Glencore has a 79.5% participation. Merafe and Glencore South Africa operations formed the Venture in July 2004 when they pooled their chrome operations to create the largest ferrochrome producer in the world. 

The aim of our business model and strategy is to ensure our ferrochrome interests are profitable and sustainable. We achieve this by:
•    Extracting chrome ore from the Venture’s mines and beneficiating it in its smelters in a safe and cost-efficient manner.
•    Investing in projects that include the Bokamoso and Tswelopele pelletising and sintering plants and the Lion ferrochrome plant Phases I and II that improve the energy and cost efficiency of the Venture's ferrochrome operations.
•    Employing the Venture’s proprietary Premus technology to ensure it is the lowest-cost producer of ferrochrome in South Africa and, despite rising energy costs in South Africa, remains in the lowest quartile of the global ferrochrome production cost curve.

Merafe Resources Ltd reported a revenue of R5.7 billion in 2016. Merafe had five employees in 2017, but it increased to 6 851 with the Glencore-Merafe Chrome Venture.