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Related Special Reports
...BHP Billiton was formed in 2001 through a merger between BHP and South African company Billiton. Read more here....
...In South African business circles, the news hit home sharply....
...Anglo American, one of the few miners to build a copper mine in recent years, offers growth in the red metal, buried amid its South African iron ore and platinum assets....
...As the South African economy enters a second decade of stagnation — there has been virtually no growth in per capita terms since 2008 — and as opportunity fades for Black South Africans without political...
...BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders....
...He invoked apartheid South Africa’s hated dompas laws, saying that foreigners should carry identity papers at all times, as was once required of Black South Africans....
...The London-listed company said that the valuation was not the only issue, calling the proposed structure that would require Anglo to demerge its South African iron ore and platinum divisions “highly unattractive...
...Anglo’s an old-fashioned conglomerate full of part ownerships and poison pills, most of which are South African....
...“If [companies] don’t want South African assets, then they don’t want Anglo,” Gwede Mantashe, the country’s mining minister, told the Financial Times on Friday. “Anglo is a South African industry....
...The deal, however, would be conditional on Anglo American demerging its South African-based platinum and iron ore divisions, which make up £6bn and £4.2bn, respectively, of the company’s value under the...
...Under BHP’s proposal, the London-listed miner would have been broken up, spinning off its South African-based platinum metals and iron ore divisions....
...The issue of blackouts — known in South Africa as load shedding — is expected to be one of the dominant issues in the May 29 election, in which the governing African National Congress could lose its majority...
...“West African farmers are producing 40-50 per cent of the optimal level. That tells you that there’s opportunity for growth.” However, industry insiders said the boom might be shortlived....
...Anglo shareholders would also receive shares in two South African units that would be spun off. BHP said its offer valued each Anglo share at £25.08....
...South African Reserve Bank chief Lesetja Kganyago told the Financial Times in an interview that “the job of taming inflation is not yet done” in Africa’s most industrial economy, despite central bank peers...
...Key influences are noted, South African roots are referenced, and the enduring power of the human spirit made clear....
...The fate of American assets in the country, including the six-year-old drone base near the northern city of Agadez, is unclear....
...The plan would be to break up the company, spinning off its South African-based platinum metals and iron ore divisions. Everything else — including its diamond unit — would undergo strategic review....
...He told the Financial Times: “South Africans know the truth of our country’s profound troubles. They live it every day.”...
...South African telecoms company MTN, which makes a third of its earnings from Nigeria, suffered an almost 80 per cent drop in annual profits in 2023....
...The job losses, which are subject to consultation and match the size of those made by industry rivals such as Sibanye-Stillwater, pose a headache to South Africa’s ruling African National Congress during...
...Still, some South Africans are voting with their feet, with wealthy people from Johannesburg selling up and moving to Cape Town....
...As a small-business owner, his biggest concern appeared to be the Biden economy, whose robust top-line numbers did not seem reflective of the situation on the ground in Harlem....
...A site close to Kruger National Park in South Africa is becoming a testing ground for US attempts to fight China’s global dominance in critical minerals....
...But it is also the front line in what is potentially a much larger conflict....
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