Northam Platinum is ending its Zambezi empowerment transaction four years early and replacing it with a new one for R33bn to bring in higher levels of employee and community ownership for 15 years.

The 2015 empowerment deal, which resulted in JSE-listed Zambezi preference shares and a structure difficult to understand, was brought to maturity four years early in agreement with all parties and replaced with another...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now