Drakens Capital
Jan 1, 2015
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Zambezi is a special purpose Broad-Based Black Economic Empowerment (BBBEE) vehicle established in October 2014 as a result of a R6.6 billion BBBEE transaction with Northam Platinum Limited (Northam). The transaction included the successful raising of R4.6 billion and was approved by Northam shareholders on 19 March 2015. Zambezi comprises a range of historically disadvantaged South African (HDSA) stakeholders including an Employee Trust, two Community Trusts, a Women’s Consortium and a core of Strategic Partners. These stakeholders hold a combined 31.4% stake in Northam.