Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

Northam Platinum concludes takeover of Zambezi scheme

06 august 2021
Northam Platinum has finalised the takeover of the Zambezi Scheme, and the deal should become effective August 23.
The Zambezi Scheme includes the Kariba HPP complex and any new dams, reservoirs and installations that may be constructed or installed on the Zambezi River with the consent of the Zambezi River Authority (ZRA), which operates this hydroelectric complex by decision of the Zambia and Zimbabwe parliaments.
Company chief executive Paul Dunne said Northam’s acquisition of the remaining Zambezi Preference Shares will have a positive impact on earnings a share and represents the final step in Northam’s Zambezi Preference Share acquisition strategy, which is a key element of their broader strategy to return value to shareholders.
“We are excited to have achieved this significant milestone and look forward to implementing the remainder of the transaction steps to finalise a very significant share buyback,” he said.
The platinum group metals miner received approval for the merger from shareholders on July 20.  
The transaction was implemented by way of the Zambezi scheme and the subsequent delisting of shares from the main board of the JSE.
Northam had also proposed a 15-year extension of the BEE transaction, including Northam Holdings’ proposed acquisition of all of the Northam shares in issue (excluding treasury shares), in exchange for the Northam scheme consideration.
The proposed Extended BEE Transaction will restore ownership by historically disadvantaged persons in Northam to up to 26.5% (net of treasury shares), with an emphasis on participation by Northam group employees and host and affected communities.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished