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Markets Data. Oil keeps rising on hopes for recovery in crude demand, but new lockdowns cap gains. Rand steadies after ratings downgrades for SA. Columnists Editorials Letters. PIC wavers in naming politically exposed persons it financed in the past. Reversal of strategic oil sale will be costly for the government.

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Klopp complains about hectic schedule. Coronavirus hits Spurs for millions. Mogale led successful negotiations that positioned the Bapo Ba Mogale as a BEE partner with Lonmin through a royalty-equity swap transaction that gave the community an equity participation of around 2. Mafa has extensive experience in strategic partnerships with trust-land elders, local stakeholders and multi-national companies to develop resources projects and facilitate opportunities for the sustainable growth of South African communities and its people.

He successfully led the ARD team in the acquisition of mining rights for manganese in the Thabazimbi area. Mafa is actively pursuing gold and nickel projects across Africa. He is currently engaged as a Consultant for the Management of Public Companies undertaking exploration in Ontario and on economic reviews on mining projects in African nations such as Uganda, South Africa and Namibia. He has been awarded with numerous prestigious awards for his work in the geophysical sciences including Prospector the Year in , and the Life Time Achievement Award in Peter Milutinovic is a Business Executive with expertise in managing international and domestic projects in the areas of mining, oil and gas, petrochemicals, utility and financial services.

In this capacity he was instrumental in overseeing company governance and compliance processes for South African companies and coordinated the logistics for geophysical exploration work.

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Ruling party will discuss whether members facing corruption and other serious charges should step down. The Section 12J Association of SA says investments have directly created more than 10, jobs, including in rural areas. A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Questions or problems? Email helpdesk businesslive. Got a subscription voucher? Redeem it now. Subscribe Sign In. Markets Data. Global shares rise amid vaccine optimism Investors are pinning their hopes for economic revival on coronavirus vaccines, even as the world battles surging case numbers.

Oil keeps rising on hopes for recovery in crude demand, but new lockdowns cap gains. Rand steadies after ratings downgrades for SA. Columnists Editorials Letters. PIC wavers in naming politically exposed persons it financed in the past. Reversal of strategic oil sale will be costly for the government. Most Read Spur brings taste for life home with meal kits trial. Sasol gets slap from unhappy investors. Most Read Should pension funds be used to bail out the government?

Johannesburg - Divisions over the controversial Rmillion royalties deal between platinum mining giant Lonmin and the Bapong community are deepening, with the local tribal council demanding that the mine shut down. If successful, the stand-off could result in about 33 job losses, which would severely cripple the already poverty-stricken and underdeveloped community of Bapong near Brits in North West.

The company has already invested R1. This move has exposed the broken relations in what was once a cosy affair between the company and the tribal house, who are the owners of the land, following the signing of their year deal in November An impasse occurred earlier this month when Lonmin could not transfer the annual R5m to the Local Economic Development Trust, which is being managed by BBMI on behalf of the council and the community.

The non-payment ignited a violent protest last week by some members of the community - known as ambassadors, who are employees and beneficiaries of programmes linked to the trust. Allegations are that the ambassadors are in the pockets of the tribal council, which uses them to threaten residents opposing the Lonmin deal.

But two weeks ago, they turned against their handlers when they started mobilising themselves before torching tribal offices, a bus belonging to the council and two cars, one of which was owned by BBMI chief executive Lehlohonolo Nthontho. Nthontho was the key person in the orchestration and conclusion of the Lonmin agreement, despite objections from some members of the community who deemed it deceitful and not transparent.

This saw some residents being threatened, while others fled the area, fearing for their lives. The legitimacy of the deal is being fought in the courts.

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Ruling party will discuss whether members facing corruption and other serious charges should step down. The Section 12J Association of SA says investments have directly created more than 10, jobs, including in rural areas. Speaking at a media briefing in Johannesburg, Bapo ba Mogale spokesman Vladimir Mogale said that the transaction, first announced in July and finalised last December, had been under discussion between the Bapo ba Mogale community and Lonmin for a number of years.

The transaction, in which the Bapo ba Mogale swapped future royalties for an equity stake, has meant that the community gained a further share in Lonmin, worth Rm at the time, with additional cash flows of Rm payable over five years. However, the deal has become contentious. Some suggest that the community deserves A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Questions or problems? Email helpdesk businesslive. Got a subscription voucher? Redeem it now. Subscribe Sign In. Markets Data. Oil keeps rising on hopes for recovery in crude demand, but new lockdowns cap gains. Rand steadies after ratings downgrades for SA. Columnists Editorials Letters. PIC wavers in naming politically exposed persons it financed in the past. Reversal of strategic oil sale will be costly for the government. Most Read Spur brings taste for life home with meal kits trial.

Got a subscription voucher? Redeem it now. Subscribe Sign In. Markets Data. Oil keeps rising on hopes for recovery in crude demand, but new lockdowns cap gains. Rand steadies after ratings downgrades for SA. Columnists Editorials Letters. PIC wavers in naming politically exposed persons it financed in the past.

Reversal of strategic oil sale will be costly for the government. Most Read Spur brings taste for life home with meal kits trial. Sasol gets slap from unhappy investors. Most Read Should pension funds be used to bail out the government? Retailability and Metier deal sustains the future of Edgars. Revenue enhancement innovation in the City of Ekurhuleni. Israeli official says Netanyahu met Saudi crown prince and Pompeo The visit could signal a historic shift in relations as countries close ranks against Iran.

Most Read Trump campaign loses Pennsylvania election challenge. Meet the Republican voters who would go to war for Donald Trump. Cricket Other Sport Rugby Soccer.

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Tiedemann investment group aumc Email helpdesk businesslive. Israeli official says Netanyahu met Saudi crown prince and Pompeo The visit could signal a historic shift in relations as countries close ranks against Iran. Redeem it now. Hosts Proteas bend over backwards for visitors England Squads are staying at the same Cape Town hotel but not sharing its facilities. Revenue enhancement innovation in the City of Ekurhuleni. Reversal of strategic oil sale will be costly for the government. Subscribe Sign in Questions or problems?
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Lehlohonolo Nthontho, the CEO of Bapo Ba Mogale Investments. (Photo: in the bank attaching BBMI's account and withdrawing Rmillion. BBMI Bapo-ba-Mogale Investments. BEE Black Lonmin and the Bapo-ba-​Mogale Traditional Authority portion drawn from private banks. Administration will be conducted through Bapo Ba Mogale Investments. Banks appointed by both parties valued the deal at Rmillion.