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Northam Platinum has bought additional Zambezi Platinum preference shares for R804.6m, bringing its total shareholding up about six percentage points to 46.7%.

Northam issued the shares in a R4bn empowerment transaction in 2015, and has previously preferred to buy back the preference shares with excess cash rather than pay dividends, thus reducing its exposure to the instrument when they are redeemed in 2025...

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