anglogold ASHANTI has forked out R5.5bn in tax after moving listing

Philippa Larkin

ANGLOGOLD Ashanti yesterday disclosed that its tax bill after it had completed a corporate restructuring had amounted to $286 million (R5.52 billion). The gold miner recently moved its corporate domicile in the UK and a change of its primary listing from the JSE to the New York Stock Exchange (NYSE). The company, which now has its group headquarters in Denver, retains secondary listings on the JSE and the Ghana Stock Exchange. It said as disclosed in its initial announcement of the restructuring, on May12, the restructuring attracted various tax payments in South Africa and Australia. These tax payments had now been determined at about $286 million (R5.5 billion), following the successful conclusion of the corporate restructuring transaction. It said AngloGold had a robust balance sheet, with strong liquidity,…

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Cape Times (Digital) - 1 Issue, 2023-10-10

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