South African tycoon Mzi Khumalo risks losing his Zimbabwe gold mines
A $70 million payment Mzi Khumalo guaranteed for his Zimbabwe gold mines is unpaid, and his family trust's shares are pledged as security.
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A $70 million payment Mzi Khumalo guaranteed for his Zimbabwe gold mines is unpaid, and his family trust's shares are pledged as security.
Mzi Khumalo bought Lonmin's Zimbabwean gold mines for $15.5 million in 2002 and built Metallon into the country's biggest gold producer.
South African entrepreneur Mzi Khumalo built Capital Alliance into an $8 billion asset manager, blending sharp business acumen with social impact.