The structured disposal process was completed on 31 March 2016 and was effected over a period of 18 months. Implats received formal notification in the change of shareholding on Monday.
Albertinah Kekana, CEO of RBH says: “As part of Royal Bafokeng Holdings’ prudent approach to portfolio management, and in line with our on-going diversification strategy, we have decided to reduce our shareholding in Implats.”
“We remain one of the largest overall investors in the South African platinum sector. Our platinum holdings represent a significant and important contributor to our portfolio. We believe in the long-term fundamentals of the sector and through our on-going engagements with various stakeholders, we remain committed to finding solutions to the current challenges.”
Terence Goodlace, CEO of Implats says: “Our long standing relationship with the Royal Bafokeng Nation and its ability to independently realise significant value through this relationship is testament to our shared obligation and commitment towards empowerment.”