THE BOTTOM LINE
Come on miners, tell all about Zwane, Eskom and the Guptas
There has hardly been a stampede of mining company CEOs wanting to talk to the state capture inquiry
Mining companies would do well to heed President Cyril Ramaphosa’s clarion call for those with knowledge about dodgy dealings to step forward and fully participate in the commission of inquiry into allegations of state capture.
Comments from a number of mining companies – that they will participate if called upon to do so – send a rather apathetic response to attempts to unravel the underhand dealings and damage done to the economy and investor sentiment by those acting in the interests of a small corrupt group to milk money, patronage and power from the state.
While the Minerals Council SA has encouraged its member companies to step forward, there has hardly been a stampede of CEOs wanting to talk about interactions with then mineral resources minister Mosebenzi Zwane and those around him – interactions that raised ethical, legal and moral questions.
“It is critical that the commission has the means and opportunity to effectively fulfill its mandate,” Ramaphosa said at the time of accepting Nhlanhla Nene’s resignation as finance minister.
“It is incumbent upon any person who may have knowledge of any of the matters within the commission’s mandate to provide that information to the commission, to do so honestly and to do so fully,” said Ramaphosa.
One company that must step forward without waiting to be asked is Glencore, the global commodity trader and miner, which came under pressure from Eskom and Zwane to sell its Optimum colliery to Gupta-owned Tegeta Resources.