London-based Jubilee Metals Group has received clearance from the Competition Tribunal to sell its South African business.
The tribunal issued Jubilee with a merger clearance certificate and has unconditionally approved the sale of its South African Chrome and platinum businesses.
In August, Jubilee received a binding offer from One Chrome to acquire its chrome and platinum group metals (PGM) operations in South Africa.
The group is set to earn $90 million (approximately R1.5 billion) for the chrome and PGM business, which…
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Fun South African Fact: Table Mountain in Cape Town is believed to be one of the oldest mountains in the world and one of the planet’s 12 main energy centres, radiating magnetic, electric or spiritual energy.
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Fun South African Fact: What about beer? South African brewery SABMiller ranks – by volume – as the largest brewing company in the world. Saffers love their beer…but the real reason the brewery is so big? SABMiller also supplies up to 50% of China’s beer.