Category «Public Companies»

AngloGold Ashanti Agrees South African Asset Sale to Harmony Gold

AngloGold Ashanti is pleased to announce that it has reached an agreement (the “Agreement”) to sell its remaining South African producing assets and related liabilities to Harmony Gold Mining Company Limited (“Harmony”). Consideration for the transaction is in cash and deferred payments with expected proceeds of around $300 million, subject to subsequent performance, and with …

Moodys upgrades Mercantile Bank two notches up

mercantile-bank

Moody’s upgrades Mercantile Bank two notches up despite tough economic conditions in South Africa This month, Moody’s Investors Service raised Mercantile Bank’s long- and short-term national scale ratings to Baa1.za/P-2.za from Baa3.za/P-3.za. The ratings agency gave Mercantile Bank a “stable outlook in view of its robust financial performance, which supports its ability to withstand the …