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DRDGold strikes while the SA iron is cold

The combination of DRDGold (SJ:DRD) and Sibanye-Stillwater’s (SJ:SGL) West Rand Tailings Retreatment project (WRTRP) looks like providing the sort of re-rating the South Africa-focused company has been chasing. Yet, it admits it would probably not have such options if the country was the foreign investment hotbed it previously was.

Jacqueline Holman
The WRTRP assets' Driefontein 4 tailings dam

The WRTRP assets' Driefontein 4 tailings dam

The assets in the greater Carletonville/Randfontein area of South Africa could be exchanged for 38% of DRD's share capital, if its shareholders approve the transaction later this month. As part of the...

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