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Saki Macozoma’s Safika to pocket about R4.4bn in Exxaro deal
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Saki Macozoma’s Safika to pocket about R4.4bn in Exxaro deal
Ntsimbintle Holdings, the broad-based BEE mining investor chaired by Saki Macozoma, is preparing to hand shareholders a rare cash bonanza after Exxaro Resources’ acquisition of its manganese portfolio, a transaction priced at R11.67 billion before adjustments and potential add-ons.The planned distribution follows a decision by Ntsimbintle to return the bulk of the proceeds rather than pursue a new round of acquisitions, according to reporting by…
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