Peter Bruce Columnist

The weekend papers were full of a well-spun story about how smart it was for Seriti to have won the exclusive right to bid for South32’s coal mines in SA. The rest of us should be terrified.

Seriti represents the best about the transformation of mining in SA. Its major shareholders, Thebe and Zungu Investments among them, are the cream of the crop. It is a really big, 90% black-owned, mining giant. CEO Mike Teke is a former president of the Chamber of Mines. In 2018 Seriti bought Anglo American’s thermal coal business. A huge deal for a huge amount of money.

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 exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.