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Billionaire’s Phosphate Bet Backfires, Hundreds of Jobs at Stake

South African billionaire Patrice Motsepe’s near decade-long backing for phosphate producer Kropz Plc has backfired, with the company announcing the restructuring of its sole operating asset and one of its contractors warning of hundreds of job losses.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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