CAPITAL MARKETS

Namakwa brings black empowerment party onboard

NAMAKWA Diamond Co has sold 26% of its South African subsidiary to black empowerment company Zaico for $6.12 million.

Michael Quinn
Namakwa brings black empowerment party onboard

Namakwa, which is currently capitalised at about $12-13 million, said the agreement was conditional upon Zaico verifying the purchase price within five days of Namakwa's board approving the deal. That...

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