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Mvela Resources restructures with view to delisting
Mvelaphanda Resources on Thursday announced plans that would see the company restructured with a view to delisting.
Mvela Resources
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JSE up and down in see-saw session
The JSE was in the red at midday on Wednesday after vacillating between positive and negative territory during early trade as investors took profits on stocks that have recovered from last month’s losses. The JSE’s all-share started in the red, but inched into positive territory within the first 15 minutes of trade, and by midday it had fallen back into the red.
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Angloplat in multibillion-rand BEE deal
The world’s top platinum producer, Angloplat, launched a R35-billion black economic empowerment (BEE) deal on Tuesday to sell mines to two black-led firms and hand out shares to its mostly black workers. The deals will forge two new major players in South Africa’s platinum sector, the world’s largest, and burnish credentials of Angloplat.
