• The capitals
• Value creation
• Strategic focus and future orientation

Key observations:

Royal Bakofeng Platinum’s business model centres on the fundamental concept of long-term value creation and demonstrates 8 elements underpinning the business model providing connectivity to values, risks and differentiators. The next section shows how the organization draws on 6 capital stocks whilst operating and growing its business. In line with paragraphs 4.12-4.13 of the International <IR> Framework, each capital is discussed in terms of ‘stocks of capitals at beginning of the year’ and ‘outputs we achieved from employing our stock of capitals’ and the ‘outcomes which we achieved’.