Our Burning Planet: Stealing the Crust III: Universal lessons from a local mining fraud

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 84%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Our Burning Planet: Stealing the Crust III: Universal lessons from a local mining fraud By Kevin Bloomkevbloom

Neither did the report focus in any detail on the role of Werksmans Attorneys and Rand Merchant Bank in facilitating an earlier deal between Kgosi Pilane and Anglo Platinum, which had saddled the 350,000 ordinary members of the Bakgatla Ba Kgafela with R750 million in debt.Daily Maverick

On page 180, the report further found that Kgosi Pilane’s traditional council had neglected to prepare proper financial statements for its entities; that it had not submitted accounts for audit to the Auditor General; that it was in breach of the Companies Act and the King Codes; and that it did not even have the necessary skills to employ competent professionals to give it an advice.that had fundamentally altered the power balance between mining companies and communities was cited.

In other words, government and their private-sector mining partners had been ignoring this short piece of legislation for more than two decades, dealing with communities by employing consultants and paying off chiefs, but now the game was up.

It was a trenchant observation, one reflected in the following statement by Chris Hedges in his seminal piece of 2 September:The longer we publicly deny the bleak reality before us and privately cope with our existential dread and pain, the more crippling despair becomes.” She mentioned the Amazon, where indigenous tribes were basically at war with the mining and agribusiness interests that were funding the regime of Brazilian strongman Jair Bolsonaro.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gwede Mantashe hoax mineral gaffe couldn’t come at a worse timeBlame the writers for poorly serving a champion of SA’s mining industry
Source: BDliveSA - 🏆 12. / 63 Read more »

On Mugabe, we must accept the good with the bad, says former Zim deputy prime minister | IOL NewsFormer president Robert Mugabe's death is for the country to celebrate his achievements while picking up the lessons from his many transgressions.
Source: IOL - 🏆 46. / 51 Read more »

Big deal over ‘strange’ coal mine meeting🔒 Seriti Resources’s second big coal mine purchase in as many years has been dogged by controversy about a meeting between the company, the sellers (Australian mining house South32) and the government.
Source: mailandguardian - 🏆 2. / 92 Read more »

MARKET WRAP: JSE gets a boost from trade-war optimismSolid local economic data and optimism over the US-China trade war lifted the local bourse 0.6% during the week, its third week of gains
Source: BDliveSA - 🏆 12. / 63 Read more »

Hawks nab fake Cape Town brigadier and cops warn of bogus KZN captainA former police reservist in the Western Cape has been arrested on charges of fraud and corruption for preying on victims of crime.
Source: TimesLIVE - 🏆 28. / 59 Read more »

WC woman arrested for impersonating Hawks officialShe is accused of fraud and corruption after she allegedly impersonated a Hawks official to solicit money from victims for police favours.
Source: ewnupdates - 🏆 30. / 53 Read more »