Coal of Africa, the South-Africa focused but London listed coal company, has been given a big vote of confidence by fellow South African firm Investec.
The lender has agreed to provide a $50m credit facility for two years and buy shares worth a cool $8.7m. The agreement also allows for Investec to buy more shares, up to 15% of the total issued capital.
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'We face a £6m inheritance tax bill under Reeves's changes – it's sheer terror'Thousands of families fear they’ll have no option but to look at selling their firms in a fire sale to pay inheritance tax bills, due to Rachel Reeves’s changes to business property relief
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Millions of over 50s fear pension investment risk – how should you position your portfolio?To de-risk or not to de-risk, that is the question. Act too late and you could face irreversible losses. Move too early and miss out on significant gains that could transform your retirement.
