Harmony Gold’s shareholders approve $200m equity raise

A requisite majority of the shareholders of Harmony Gold on Thursday gave their approval to the gold mining company raising equity capital of $200-million to part fund the company’s acquisition of AngloGold Ashanti’s South African business. The requisite shareholder approval was given at a virtual extraordinary general meeting (EGM) of the Johannesburg- and New York-listed company, conducted entirely through electronic communication in view of the Covid-19 pandemic and related restrictions issued under the Disaster Management Act.