Acrimonious shareholder polarisation rocks Wesizwe

The Bakubung-Ba-Ratheo community – the empowerment partner and major shareholder of South African junior miner Wesizwe Platinum – is at odds with itself. Wesizwe’s Bakubung-Ba-Ratheo community shareholding was exposed as being vociferously...

Acrimonious shareholder polarisation rocks Wesizwe Platinum

The Bakubung-Ba-Ratheo community - the empowerment partner and major shareholder of South African junior miner Wesizwe Platinum - is at odds with itself.

Sacked Wesizwe CEO scrapes back in pyrrhic victory

The sacked former CEO of junior Wesizwe Platinum has been reinstated in a pyrrhic victory that simultaneously exposed corporate governance issues and a polarised community shareholding. Michael Solomon got his job back by a slender 51,7% majority...

Wesizwe Platinum directors halt court bid, remain ousted

The sacked directors of JSE-listed platinum junior Wesizwe on Thursday withdrew their urgent court application in favour of an airing at an extraordinary meeting of shareholders for which there is still no confirmation. Wesizwe said, however,...

Wesizwe shareholders call for meeting

A group of shareholders on Monday served a letter on the board of junior platinum miner Wesizwe calling for a meeting of shareholders at which more information could be provided on the summary dismissal of founding Wesizwe CEO Michael Solomon and...

Wesizwe board asks founding CEO, director to step down

The board of platinum junior Wesizwe has asked the company's founding CEO Michael Solomon as well as fellow director Robert Rainey to step down "with immediate effect". A terse Stock Exchange News Service (Sens) announcement said that Wesizwe's...