DRDGold amends BEE deal with Khumo

JSE-listed DRDGold will amend its black economic empowerment (BEE) deal with shareholder Khumo Gold to ensure that the latter does not breach the original agreement’s lock-in period. Khumo, which was seeking shareholder approval to enter into hedging arrangements to secure the value of the DRDGold shares, is restricted from disposing of or encumbering the shares until April 10, 2018.