Presidency denies SA business environment hostile amid BHP bid for Anglo American

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The multi-billion rand proposal by BHP has turned controversial when it emerged that part of the company’s conditions would see South Africa locked out.

JOHANNESBURG - The Presidency has hit back at claims that South Africa’s business environment is hostile as government tries to do damage control in the mining industry.

Australian miner BHP plans to exclude shares in Anglo’s Kumba Iron Ore and its Amplats platinum businesses to reduce its exposure to the South African market.

 

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