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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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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RBH has taken another major step forward in its strategic objective to diversify its investment portfolio. Pan African cellular communications company Vodacom has announced details of its R7.5 billion broad-based black economic empowerment transaction in terms of which RBH will become a strategic partner in Vodacom SA.
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Zaptronix Limited announced today (Tuesday, 20 November 2007) that it has concluded a broad–based black economic empowerment (BBBEE) transaction with Royal Bafokeng Capital (Pty) Limited, in terms of which RBC will own 30% of Zaptronix.
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Shareholders are advised that SACMH has today signed a Heads of Agreement with Fraser Alexander (Pty) Limited relating to a strategic partnership.
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Old Mutual plc confirms that it is currently in discussions with community–based investment group, RBH which may result in the sale by Old Mutual to RBH of a controlling interest in Mutual & Federal Insurance Company Limited, the short–term insurer in which Old Mutual has a majority stake.
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Royal Bafokeng Sports Holdings and Leopard Rugby (Pty) Limited announced a ground–breaking agreement today in terms of which the latter becomes South Africa’s first black–owned professional rugby franchise.
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RBH, the investment arm of the Royal Bafokeng Nation, has acquired a 30% stake in Praxima, an outsourced payroll and Human Resource (HR) service provider.
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The 13th edition of the Nelson Mandela Challenge is set to provide SA’s soccer loving fans with a dose of world class, action-packed soccer entertainment when the Bafana Bafana host the United States of America, at Ellis Park stadium, in Johannesburg, on Saturday, 17 November 2007 (15h30 kickoff).
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The acquisition of a 51% controlling interest in PSL club H.P. Silver Stars by Royal Bafokeng Sports Holdings, is set to revolutionise the Beautiful Game in South Africa’s North West Province.
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Change of controlling shareholder to Royal Bafokeng Capital, the acquisition of two operating coal mines and related matters and renewal of cautionary announcement.
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RBH, the investment vehicle of the RBN, said today that it was pleased that its black economic empowerment transaction with Implats, announced in September 2006, had been come unconditional. RBH is now a 13.4% shareholder in Implats.
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Less than a year after acquiring a 26 percent stake in the MB Technologies Group, Royal Bafokeng Holdings (RBH) has announced that it has exercised its option to buy out minority stakeholders and become the group’s primary shareholder.
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RBH and acclaimed opera group The Black Tie Ensemble (BTE) today announced a principal sponsorship agreement in terms of which RBH will provide a total of R2.4 million to BTE over the next three years.
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Metair Investments Limited (Metair) today announced that broad-based black
empowerment investment company RBH has purchased 606 581 shares in Metair for a cash consideration of R152 million from the Wessels Family Trust.
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Today’s in-principle agreement between the RBN and Implats – in terms of which the RBN will secure a 13.4% direct stake in Implats – amounts to a major shot in the arm for the RBN’s visionary and ambitious Masterplan.
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Implats and RBH, which is wholly-owned by the RBN today announced an agreement on a new black economic empowerment transaction, replacing the previous IRS transaction approved by Implats shareholders in a general meeting on 4 July 2006.
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