Phuti Mahanyele and Shanduka Group- Catering to Africa’s Middle Class

The year so far has been a busy one on the resource front. In addition to the Optimum deal, its resources division is also in the process of finalizing a deal to buy a mine from Harmony Gold Mining Co. for 1.5 billion rand (US$ 181 million) through its 26 percent stake in Pan African Resources PLC, and some small platinum deals are in the works, Ms. Mahanyele says. Shanduka Group already has a stake in Lonmin PLC, the world’s third-largest platinum producer.

Source: Wall Street Journal

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