When corporate overconfidence collides with harsh judicial results, a potentially heavy financial penalty hangs over Sibanye-Stillwater’s head. 

Last week, a UK high court sided with Appian Capital Advisory, which lodged a claim for damages against Sibanye for backing out of a $1.2bn (R21bn) to buy two mines in Brazil on the grounds that a geotechnical incident had trashed the transaction’s commercial logic. ..

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.