An employment equity report as at 31 March 2010 showed that 35% of the PBMR workforce was female and 65% was male. Of the overall workforce, 325 of the workers were African, 57% were White, 7% were Indian and 4% were Coloured. On the question of PBMR's financial statements, the company received an unqualified audit opinion. The net equity at the end of the financial year amounted to R183 million and PBMR received a profit of R4.6 million. PBMR had not received any funding since 1 April 2010. In Feb 2010, the initial rationalisation was approved to retrench a contemplated 75% of employees (from 830). Employees were afforded several opportunities to apply for voluntary severance packages. This reduced the staff complement to 245. Further rationalisation ensured that PBMR could continue as a going concern until March 2013. On 2 September 2010, the rationalisation was approved and the staff complement was reduced to nine employees on 31 October 2010. PBMR was currently preparing for a care and maintenance programme phase. This would last until 31 March 2011. The actual implementation phase would last from 1 April 2011 to 31 March 2013.