South Africa’s richest man buys stake in diamond miner Trans Hex

Christo Wiese, South Africa’s richest man, has formed a consortium of investors who plan to take control of Trans Hex Group, a diamond miner based in Cape Town. Cream Magenta 140 Proprietary Ltd. and Metcap 14 Proprietary Ltd., both backed by the Wiese family, bought a 47% stake in the company and will form a consortium with RECM & Calibre, which owns 25%, Piet Viljoen, a director of RECM & Calibre, said by phone Monday.