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Investor Memo: The Clean Exit — Why Saki Macozoma Sold His Entire Manganese Business to Exxaro for R11.7 Billion and Kept Everything Else

Saki Macozoma just sold his entire manganese business to Exxaro for R11.7 billion — and kept the trucking, gaming, telecoms and copper. A clean, total exit from one capital-hungry commodity, and a lesson in what a diversified owner should hold and what he should let go.

,   and  Mfonobong Nsehe
4 min read
Investor Memo: The Clean Exit — Why Saki Macozoma Sold His Entire Manganese Business to Exxaro for R11.7 Billion and Kept Everything Else

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