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‘A SPAC is a special purpose acquisition company and it’s like an IPO in reverse’, says Hersov. ‘Ours is the only Africa and only mining SPAC on the market – in a sea of them’. He tells BizNews founder Alec Hogg about how the exciting process works and what it entails. African Gold SPAC Targeting ‘Well-Trodden’ Nations Raises Cash By Antony Sguazzin (Bloomberg) – African Gold Acquisition Corp., a special purpose acquisition company targeting gold assets on the continent, raised a more-than-expected $360m ahead of a listing in New York on Friday. “We are the only Africa min...

Jack Vearey/ Getty African Gold Acquisition Corp., a special purpose acquisition company targeting gold assets on the continent, raised a more-than-expected $360 million ahead of a listing in New York on Friday. “We are the only Africa mining-focused SPAC amongst a sea of SPACs,” Rob Hersov, the founder and chairman of the company, said by text message. Potential acquisitions will be in “well-trodden mining countries, so no surprises. And we will likely buy a mining company and possibly add others thereafter.” Hersov is the son of Basil Hersov, who ran AngloVaal Mining, the company...

Jersey Finance, the body which promotes the island of Jersey as an offshore financial centre, has found a new ally in its efforts to attract business from rich South Africans. Rob Hersov, who is the

Along with the launch of a vehicle aimed at raising $300m to invest in African gold, businessman Rob Hersov, heir to the founding family of mining giant AngloVaal, is also pouring money into politics