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Sibanye Gold's Mr Fixit in a fix as debt rises and rand strengthens

Published Sun, Feb 25, 2018 · 09:50 PM
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Nairobi

INVESTORS might be running out of patience with Sibanye Gold Ltd's colorful chief executive, Neal Froneman. The South African miner's stock plunged by a record 16 per cent last Thursday after the company warned that it may consider selling assets, metals streams and - only as a last resort - new shares, if the recent strength in the rand persists.

Sibanye is under pressure to reduce debt after a rapid-fire series of deal…

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