BHP’s ‘unbundle’ demands on bid for Anglo is an indictment on SA economy - Piet Viljoen

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BHP’s ‘unbundle’ demands on bid for Anglo is an indictment on SA economy - Piet Viljoen

Australian mining group BHP has launched a R650bn takeover bid for SA’s 107-year-old one-time global giant Anglo American – a company now worth just a quarter of BHP’s value. If successful, the deal would merely be “material” rather than “game-changing” for BHP, which is attracted by its rival’s South American copper mines. A key part of the BHP bid is that Anglo must first unbundle its major South African assets Kumba Iron Ore and Anglo Platinu…