Gem of a deal for Wiese

24 August 2016 - 08:35
By Bloomberg

Christo Wiese, South Africa's richest man, recently ventured into diamonds and, after buying a stake in Trans Hex, a Cape Town-based miner of the precious stones, said he saw opportunities to consolidate diamond operations in the region. The billionaire, 74, said he had always been "fascinated" by diamonds and saw good value in his latest acquisition.

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