Harmony Gold received the R3.47bn cash injection it needed from investors to buy AngloGold Ashanti’s last operating assets and mothballed mines in SA.

With a narrow discount of just 3.5% to the trading price of the previous 30 days, Harmony placed 60.28-million shares, slightly more than one tenth of its shares in issue, to raise the cash to pay AngloGold. The placement price was R57.50 per share...

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