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BEE clouds shroud South32

Latent sovereign risk issues for South32 around South Africa’s on-going black economic empowerment (BEE) efforts has smacked down the former BHP spin-off’s market value to the tune of A$1.06 billion.

BEE clouds shroud South32 BEE clouds shroud South32 BEE clouds shroud South32 BEE clouds shroud South32 BEE clouds shroud South32

South32's Mozal operation in South Africa

The size of the value hit is despite analysts rallying to South32’s cause.

They argue that the selldown in South32 shares from $2.77 ahead of the June 15 gazetting of SA’s new mining charter, to $2.

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