Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri has accused one of its largest former shareholders, Royal Bafokeng Holdings, of selling out to the highest bidder and abandoning other shareholders.

In his last presentation as CEO, Phiri lashed out at the platinum miner’s parent company, after a surprise decision by Royal Bafokeng Holdings (RBH) in November last year to sell its 32.8% stake in RBPlat to rival platinum miner Northam Platinum...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.