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SA’s richest man buys stake in diamond mine

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Christo Wiese. Picture: Sharief Jaffer
Christo Wiese. Picture: Sharief Jaffer

Johannsburg - Christo Wiese, South Africa’s richest man, has formed a consortium of investors who plan to take control of Trans Hex Group, a diamond miner based in Cape Town.

Cream Magenta 140 Proprietary and Metcap 14 Proprietary, both backed by the Wiese family, bought a 47% stake in the company and will form a consortium with RECM & Calibre, which owns 25%, Piet Viljoen, a director of RECM & Calibre, said by phone on Monday.

The consortium controlling 72% of Trans Hex will make an offer to buy the remainder of the company from minority shareholders later on Monday, Viljoen said. The company’s shares were halted from trading on August 5 pending the offer.

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