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Kumba reaches R2.5bn settlement with Sars

By:  
Creamer Media Senior Deputy Editor
 
CORPORATE ACTIVITY
The share price of JSE-listed Kumba Iron Ore fell by more than 6% on Friday morning after it announced that it would fork out R2.5-billion to settle a tax dispute with the South African Revenue Service (Sars). The group on Friday said it had reached an agreement with Sars that would see it settle its full outstanding amount by the first quarter of 2017.
 
 
 
 
 

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