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Macro Finance

South Africa’s IDC to Sell Its Stake in Namibian Uranium Mine

Bloomberg Markets·September 4, 2026·1 min read

South Africa's Industrial Development Corp. plans to sell its stake in a Namibian uranium project because the mine's backers include Iranian and Russian entities. The decision reflects concerns over sanctions and geopolitical risks, prompting the state-owned development finance institution to divest.

Read at Bloomberg Markets
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