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Billionaire’s Phosphate Bet Backfires, Hundreds of Jobs at Stake

South African billionaire Patrice Motsepe’s near decade-long backing for phosphate producer Kropz Plc has backfired, with the company announcing the restructuring of its sole operating asset and one o...

South African billionaire Patrice Motsepe’s near decade-long backing for phosphate producer Kropz Plc has backfired, with the

company announcing the restructuring of its sole operating asset and one of its contractors warning of hundreds of job losses.

SOURCE: Bloomberg Markets
ORIGINAL REPORT: Click here
DHALLO EDITORIAL STATUS: Aggregated & reviewed
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