AngloGold Ashanti expects to agree to a sale of its last SA assets in the first half of 2020, marking the end of its exposure to the country.

Analysts flagged an upward re-rating of AngloGold’s shares if it eliminates exposure to SA, which is considered by investors as a risky investment destination for miners because of regulatory uncertainty, Eskom electricity price increases and constraints, labour unrest, and rising and untenable levels of debt in state-owned companies that threaten the economy.

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