Northam uses the good times to accelerate maturity of Zambezi deal
Platinum producer now holds more than 80% of the preference shares that underpin BEE stake
08 December 2020 - 19:25
Northam Platinum has spent R10.9bn in debt and cash towards eliminating the Zambezi preference share structure earlier than the 2025 deadline.
The Zambezi preference shares are the debt instrument that underpins the 31.4% BEE stake in the platinum group metals (PGMs) producer, which has undergone an aggressive growth spurt at its Booysendal, Zondereinde and Eland operations...
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.