Village Main's CEO Jeff Dong: SA's unions face a test all China is watching

Loading player...
Despite the fact Chinese investors have poured almost R2.5bn into loss-making gold mining company Village Main Reef, CEO Jeff Dong is upbeat about the future - provided agreement can be reached with SA trade unions on the proposed restructuring. He says Chinese investors with deep pockets are ready to follow his Heaven Sent Group into SA, but need the right message. Restructuring is desperately needed at Village's two deep level mines. If concluded successfully, a wave of Chinese money could be unleashed into SA. - Alec Hogg Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Jun 2020 10AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min