JCI's flagship Orlyfunt BEE tie-up in limbo

September 5, 2005

A DEAL publicised last December in which JCI and Randgold & Exploration were to sell a R1,4bn portfolio of assets to a well-placed black consortium, Orlyfunt Holdings, has not happened, JCI confirmed earlier this week...

There has been no announcement to shareholders on the status of the deal. JCI’s new financial director Chris Lamprecht said through company spokes-man David Barritt that the deal is not completely off — aspects will go ahead.

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