COMPANY COMMENT
Northam BEE deal risks losing audience through reams of legalese
Heavily lawyered details overwhelms even analysts, fund managers and financial journalists
23 March 2021 - 19:30
For financial experts and smart lawyers crafting oh-so clever empowerment deals there is the real risk of losing the audience in reams of legalese, provisos and addendums — and that’s before the structure is even explained.
Northam Platinum, which has done extraordinarily well out of the R4bn cash it raised from a decade-long empowerment deal it signed in 2015 and pushed to maturity four years early, is one such example...
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