( January 16, 2018, 17:10 GMT | Official Statement) -- MLex Summary: Royal Bafokeng Platinum's purchase of Maseve Investments has been approved, with conditions, by South Africa's Competition Tribunal. RBPlat is purchasing Maseve, the operating and holding company for the Maseve mine in South Africa. As part of this purchase, RBPlat is acquiring a concentrator plant and other assets. The watchdog has approved the merger on the condition that RBPlat employs 115 employees at its concentrator plant, giving preference to retrenched employees. RBPlat must also take on 20 Maseve employees and give preference to retrenched employees for furutre job opportunities.The statement follows....
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