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
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. ..