BEE ruling a win for miners and investors

April 20, 2018

FIN24 / 19 APRIL 2018 - 14:47 / DAVID MCKAY

 

One of the companies to have benefitted most from a recent High Court ruling on the principle of “once empowered, always empowered” is DRDGOLD, followed by Sibanye-Stillwater and, in the pure-play platinum sector, Impala Platinum (Implats).  

 

According to a report by Nedbank Corporate and Investment Bank analysts Leon Esterhuizen and Arnold van Graan, DRDGOLD has current direct black economic empowerment (BEE) of 11% – although the bank hastens to add that its calculation is based on “ ‘readily direct shareholdings’ as well as employee share ownership schemes”.   

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