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South Africa open to deals – it’s all in the approach

South Africa’s government will do deals, like the ones BHP would need to acquire Anglo American, but they need to be done discreetly.

It is possible to cut a deal to get a big miner out of South Africa – just ask former BHP executive and Orica chief executive Alberto Calderon.

Calderon did it last year at AngloGold Ashanti, a $US12.1 billion ($17.9 billion) company and top five gold miner globally, which shifted its primary listing to New York from Johannesburg.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/south-africa-open-to-deals-it-s-all-in-the-approach-20240708-p5jry2