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Sibanye, Lonmin merger enters final stretch as AMCU appeal is dismissed 

By: Marleny Arnoldi     17th May 2019 The Competition Appeal Court of South Africa (CACSA) on Friday gave the green light for JSE- and NYSE-listed Sibanye-Stillwater’s proposed takeover of LSE- and JSE-listed Lonmin, dismissing an appeal filed by the Association of Mineworkers and Construction Union. CACSA upheld the Competition... 

Military stake stymies $4bn Zimbabwe platinum project  

By: Bloomberg     15th May 2019 A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4-billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions. The African Export-Import Bank has the mandate to raise money for the... 

PIC raises Texton stake to 18.9%

By: Nadine James     17th April 2019 State-owned investment management company, the Public Investment Corporation (PIC) increased its beneficial shareholding in JSE-listed real estate investment trust Texton Property Fund to 18.9%. Texton CEO Marius Muller on Wednesday noted that the PIC had become Texton’s largest shareholder. 

Kathu concentrated solar power project, South Africa

By: Sheila Barradas     12th April 2019 The Kathu Solar Park has officially been inaugurated. 

South Africa extends probe into Africa's biggest money manager

By: Bloomberg     1st April 2019 President Cyril Ramaphosa granted a judicial commission an extra three months to finish its investigation into allegations of wrongdoing at the government workers’ pension-fund manager. The date by which the commission of inquiry into the Public Investment Corporation must submit its final report... 

PIC suspends acting CEO

By: Marleny Arnoldi     26th March 2019 Public Investment Corporation (PIC) acting CEO Matsepo More has been placed on precautionary suspension with immediate effect. Executive head of properties Vuyani Hako will stand in for More.  

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