South32’s SA divestment just weeks away
Although a number of steps have taken longer than expected, the transaction is still on track to close at the end of March
18 February 2021 - 16:13
Despite distractions caused by the state capture inquiry and the Covid-19 pandemic, South32 is confident that the sale of its SA coal business to Seriti Resources remains on track to be completed in the next six weeks.
The deal, in which the diversified global miner will sell out of its SA Energy Coal operations, will see black-owned Seriti rival Exxaro Resources as Eskom’s largest coal supplier. ..
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.