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
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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