Company Comment
Petra Diamonds sees no shiny short-term future
With more than R11bn of debt hanging over the company, the difficulties have been compounded by the global Covid-19 pandemic
29 June 2020 - 17:51
From November 2016, the lack of faith in Petra Diamonds’ direction and leadership became clearly apparent. Since that month the shares in the London-listed company have dropped from 138p to less than 2p on Monday.
Petra, which has three mines in SA and one in Tanzania, is now up for sale, either as a whole or piecemeal...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.