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2024

News24 | Pan African asks for investor nod to wind up R4bn share account after weaker rand snafu

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Mid-tier gold miner Pan African Resources said on Friday it will ask shareholders to wind up a R4.3 billion share premium account after its decision to report in dollars resulted in it violating the Companies Act when buying back shares. It is also now being hobbled in its ability to pay future dividends.














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