Northam winds up one BEE deal and replaces it with another
SA’s fourth-largest PGM miner focuses in transaction on workers and communities in transaction
23 March 2021 - 08:54
UPDATED 23 March 2021 - 20:34
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...
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