Patel’s department accused of delaying Implats-RBPlat merger through late feedback

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Royal Bafokeng Platinum’s attorney says the submission to the Competition Tribunal came at the eleventh hour

Royal Bafokeng Platinum’s attorney has accused the department of trade, industry & competition of “gross failure” after it failed to submit feedback to the Competition Tribunal regarding the proposed merger between Impala Platinum and Royal Bafokeng Platinum on time.

Implats wants to buy its neighbour to extend the life of its Rustenburg operation as its shafts are ageing and becoming too costly to mine...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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