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Tribe takes platinum stake
African Business, Jan 2006
BEE move
South Africa's Bafokeng tribe is to acquire a 9% share in Implats in a R3.4bn ($540m) deal. Bafokeng's Chief Kgosi Leruo Molotlegi described the purchase as a 'watershed for his peoples'. The majority of Implats' mining operations take place on the Bafokeng's traditional homelands. Implats say the deal will deepen its existing relationship with the Bafokeng people.
Copyright International Communications Jan 2006
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