Our Banking, Finance & Projects team advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks

Home
Home
Our Banking, Finance & Projects team advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks

Our Banking, Finance & Projects team advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks

Cliffe Dekker Hofmeyr is representing Harmony Gold, the third-largest gold mining company in South Africa and the 12th largest world-wide.

1 Jun 2018 1 min read Featured work

Related sectors

Mining & Minerals

Related services

Banking, Finance & Projects

Our finance and banking team is advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks. The facility will be utilised to fund part of the acquisition of the Moab Khotsong and Great Noligwa Mines from Anglo Gold Ashanti. Our team led work on a range of complex intercreditor issues and handled tough negotiations between the global and local syndicate lenders.

THE TEAM BEHIND THE DEAL

Deon Wilken

Director

Banking, Finance & Projects

You might also be interested in

11 Jun 2025

by Sentebale Makara and David de Goede

Safeguarding truth: A new look at the proposed whistleblower-protections in South Africa

In June 2023, South Africa took a significant step towards enhancing the legal framework for whistle-blower protections with the release of the Discussion Document on Proposed Reforms for the Whistle-blower Protection Regime (Discussion Document), which proposes a new Whistle-blower Protection Amendment Bill (Bill). The proposed Bill has been prompted by the shortcomings in the existing whistle-blower protection regime and the findings from tribunals such as the Zondo Commission. More narrowly, the Bill’s aims are to address the shortcomings of the existing Protected Disclosures Act 26 of 2000 (Act).

Dispute Resolution

4 min read

25 Aug 2025

by Anja Hofmeyr and Kgatlhiso Mofokeng

Minister issues direction to ICASA on inquiry regarding Individual Electronic Communications Network Services Licences

On 22 August 2025, the Minister of Communications and Digital Technologies issued a policy direction to the Independent Communications Authority of South Africa (ICASA) to conduct an inquiry into the need for applications for Individual Electronic Communications Network Services (ECNS) licences. The policy directive refers to the 2019 Data Service Market Inquiry (DSMI) report and the findings made therein, including the “l ack of effective competitive restraints ” on pricing levels in the market.

Technology & Communications

2 min read

28 May 2025

by Vivien Chaplin

Draft Mineral Resources Development Bill indicates clear policy direction on interpretation of “controlling interest”

One of the major issues of contention for mineral right holders when transacting in the mining sector by way of a share purchase agreement, joint venture or co-development arrangement amongst others, is whether ministerial consent is required in terms of section 11 of the Mineral and Petroleum Resources Development Act 28 of 2002 (MPRDA) to transfer the mineral rights in the event of an direct or indirect change of control.

Mining & Minerals

3 min read

26 Jan 2026

by JJ van der Walt and Sashin Naidoo

New contractor, same business: Labour Appeal Court confirms section 197 application

On 27 November 2025, the Labour Appeal Court (LAC) delivered judgment in the matter of Electro Hydro World (Pty) Ltd v Murray and Roberts Cementation (Pty) Ltd and Others (JA132/24) ZALAC 62, concerning the application of section 197 of the Labour Relations Act 66 of 1995 (LRA) to the transfer of a grout business at a mine shaft. The central issue was: did the transfer of operations from one contractor to another, following a tender process, constitute a transfer of a business as a going concern, thereby triggering the automatic transfer ofemployees?

Employment Law

4 min read

16 Feb 2026

by Thabang Rapuleng and Thato Maruapula

Is your link with your employer a permanent one? Addressing the question of off-duty misconduct

The judgment in IMATU obo Sauls v City of Cape Town and others (C485/2024) ZALCCT 10 (22 January 2026) outlined that off-duty misconduct does not automatically justify disciplinary action.

Employment Law

07:15 Minutes

27 May 2025

by Jackwell Feris, Aadil Patel, Mashudu Mphafudi, Shem Otanga and Jerome Brink

Navigating the legal landscape for green investments in Africa

For potential investors eager to tap into Africa’s burgeoning green industrial sector, understanding and navigating the continent’s complex legal landscape is paramount. While the opportunities for sustainable development and lucrative returns are vast, careful due diligence and a thorough grasp of relevant laws, regulations and dispute resolution mechanisms are essential for successful and sustainable investments.

Industrials, Manufacturing & Trade

7 min read