Lonmin’s Magara says cash is king:
Lonmin chief executive Ben Magara has said the world's third-biggest platinum producer had learnt that cash was king following its “near death” experience, which saw it complete the crucial R5 billion rights issue last year. Risk averse shareholders have voted with their feet because there was too much noise owing to the labour strife and political and policy uncertainty, which contributed to making South Africa an unfavourable investment option.
Read the full article by here: Johannesburg, South Africa News
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Source: MyJHB
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