BHP Billiton’s plans to spin off noncore businesses estimated to - TopicsExpress

BHP Billiton’s plans to spin off noncore businesses estimated to be worth $16bn — including most of its assets in SA follows recent or planned sales of South African assets by other global resources giants such as Rio Tinto and Anglo American. SA’s attractiveness has faded due to electricity shortages, labour unrest, a weakening currency and uncertainty over how coal will be regulated as a strategic mineral. aka Political Risk. The old Afrikaans Gencor finally leaves its birthplace for good. bdlive.co.za/business/mining/2014/08/20/bhp-billiton-confirms-sale-plans-for-most-sa-assets

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