SA firm divests from Botash

Owned by the Bud Group, CAH came in as a technical partner for Botash in 2009 after buying shares that De Beers, Anglo American, AECI, and various financial institutions owned. The Government of Botswana has maintained a 50% shareholding in Botash over the years.

In a statement this week, Bud Group executives did not give details on the reason behind the exit but said the move was part of a reorganisation which would also result in divestment from other affiliates and subsidiaries.