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BEE Transaction


DMRE Minister granted leave to appeal ruling on BEE transactions

The Minerals Council South Africa notes the granting of the application by the Minister of Mineral Resources and Energy for leave to appeal the majority order judgment and orders delivered on 4 April 2018.

Northam Platinum’s BEE deal most noteworthy 2015 transaction

Northam Platinum said in a statement on Monday that its R6.6 billion black economic empowerment (BEE) equity transaction was the single most important development for the company in the financial year ended 30 June...

SEC investigation recommends no action on Gold Fields BEE transaction

No action will be taken against Gold Fields, the Foreign Corrupt Practices Act (FCPA) Unit of the US Securities Exchange Commission advised on Monday. This investigation is in connection with the Black Economic Empowerment (BEE) transaction...

Zambezi Platinum raises R4.6bn, shares over subscribed

Zambezi Platinum, Northam Platinum's 31.4% BEE shareholder company, announced on Monday that it has raised R4.6 billion since its listing on the main board of the JSE on May 12, 2015 - less than...