A sod-turning ceremony, held today at the Bafokeng Rasimone Platinum Mine, marks the start of the development of the R10.3 billion Styldrift Project between joint venture partners Royal Bafokeng Holdings and Anglo Platinum.
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It’s the 14th edition of the Nelson Mandela Challenge and the Olympia Park Stadium grounds will be shaken by the roars of South Africa’s supporters when Bafana Bafana take on Cameroon on Wednesday, 19th November in the North West city of Rustenburg (20h30 kickoff).
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Anglo Platinum and the investment arm of the Royal Bafokeng Nation, Royal Bafokeng Holdings, have reached agreement to restructure the Bafokeng Rasimone Platinum Mine Joint Venture which includes the Styldrift Platinum project - the 50/50 joint venture partnership between Royal Bafokeng Resources, RBH’s wholly owned-subsidiary, and Anglo Platinum.
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Royal Bafokeng Holdings is responsible for the management and development of the commercial assets of the Royal Bafokeng Nation, with the overall business objective of maximising their returns to enable the RBN to deliver sustainable benefits to the community.
RBH has a significant portfolio in the resources sector with interests in platinum (Implats and Bafokeng Rasimone Mine) and ferrochrome (Merafe) as well as Coal Mining (SACMH).
Industrial assets comprise a 26% share in Metuba, a joint venture with engineering firms Metix (37%) and TTC Technology (37%).
Financial assets make up the smallest asset class in the investment portfolio and include an investment in Zurich Insurance Company South Africa.
The investments are in Astrapak, Metair Investments and Bafokeng Concor Technicrete, a joint venture with Concor Technicrete.
The investments are in: Fraser Alexander, MB Technologies, Senwes, DHL Express, Pasco Risk, Zaptronix, Praxima, M-Tech Industrial and MOGS.
The investments are in Premier Soccer League club Platinum Stars FC and Platinum Leopards Currie Cup rugby franchise.
RBH manages a cash portfolio on behalf of RBN
