A black-owned South African mining group, Lurco, is buying the Gupta family’s Koorfontein mine, Netwerk24 reported on Monday morning. The bankrupt mine in Mpumalanga is owned by the Guptas’ Tegeta Exploration and Resources, a unit of Oakbay Investments. It used to supply coal to Eskom, but has not been operational for some time. Employees last..
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Bankrupt Gupta mine in Mpumalanga sold to black-owned South African mining group
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Farmers have to cede a quarter of their farms for BEE
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The recent announcement by the government that the Code for Black Economic Empowerment is adjusted so that at least a quarter of each farm should be black owned in the future if products are supplied to the government, has certain effects on smaller farms with a turnover of R10 million and R50 million. It was..
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