Hitachi Ltd. agreed to buy the stake in Hitachi Power Africa Ltd. held by the investment arm of South Africa’s ruling party after criticism that the shareholding constituted a conflict of interest as the unit has won business from state companies.
Wesizwe Platinum Ltd. is considering the disposal of its minority stake in Platinum Group Metals Ltd.’s Maseve mine as it focuses on developing its Bakubung project, Chief Executive Officer Jianke Gao said.
The Public Investment Corp., South Africa’s biggest fund manager, said its $270 million investment in Camac Energy Inc. has already delivered returns as the oil explorer started trading in Johannesburg.
China’s Long March Capital Ltd., which partners with Citic Group Corp., is considering buying South African platinum assets after their value was depressed by strikes, the company’s Managing Partner Clement Kwong said.
The Zimbabwean Platinum Producers Association representing companies including Anglo American Platinum Ltd. and Impala Platinum Holdings Ltd. said it’s “committed” to the country’s plan to build a refinery.
On his way to the toilet at his school in South Africa’s Soweto township, Simphiwe Bhengu passes broken chairs and piles of dumped textbooks. He steps through puddles of putrid water and skirts prowling rats before returning to a class of 40.