Mmegi

Tati Nickel’s $15m takeover inches forward

Bouncing back?: Tati Nickel has been closed since 2016
Bouncing back?: Tati Nickel has been closed since 2016

The $15 million takeover of Tati Nickel by a firm linked to Austrian tycoon, Cevdet Caner, has received regulatory approval from the Competition and Consumer Authority (CCA).

In August, Caner met with President Mokgweetsi Masisi, Minerals and Energy minister Lefoko Moagi, and other senior government officials, reportedly to finalise the Tati deal.

Caner’s wholly owned investment group, NIU Invest, successfully submitted a $15 million proposal to acquire certain assets of Tati Nickel Mining Company.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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