Group structure

The company has a simple, efficient structure. All operations are consolidated into one operating entity, Ergo Mining Proprietary Limited (Ergo). Ergo is wholly owned by Ergo Mining Operations Proprietary Limited (EMO). Following the roll-up of the stake of our broad-based black economic empowerment (BBBEE) partners in EMO into DRDGOLD, EMO is now a wholly-owned subsidiary of DRDGOLD. The roll-up involved the substitution by our BBBEE partners, Khumo Gold SPV Proprietary Limited (Khumo) and the DRDSA Empowerment Trust (the Trust) for a direct holding in DRDGOLD. The agreement provided Khumo with an 8.1% interest and the Trust with a 2.4% interest in DRDGOLD.

EMO holds 100% of East Rand Proprietary Mines Limited (ERPM). The latter has been sold to Walcot Capital subject to a number of suspensive conditions.

DRDGOLD continues to hold 85.7 million shares in Village Main Reef Limited (VMR) following the disposal of its interest in Blyvooruitzicht Gold Mining Company Proprietary Limited (Blyvoor) in FY2012. More information on he status of this transaction can be found in the DRDGOLD annual financial statements 2015.

Group structure