INTERVIEW | 'There is no state capture here': Seriti on South32 coal acquisition

Seriti Resources, which has been fending off attacks over its acquisition of South32 coal assets, says it was under no illusion that the journey towards closing the deal which would solidify its space in the sector would be easy.

The company is buying a 91.8% shareholding in SA Energy Coal (SAEC), which supplies Eskom with coal, in a deal that has seen the company make an upfront payment of R100 million towards the transaction.