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
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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