September 23, 2017

Chamber of Mines worried about government links to controversial Gupta family

In a statement released recently, South Africa’s Chamber of Mines expresses concerned about the links between the state and the Gupta family, saying undue political influence on the industry was not in the country’s best interests.

Says the organisation:”The latest revelations of potential Gupta family influence in the selection of Cabinet Ministers in South Africa, in processes contrary to the country’s Constitution, are of serious concern to the South African mining industry.”

The statement comes in the wake of three developments which have undermined investors’ confidence in the ANC-led government’s commitment to good governance, under controversial President Jacob Zuma. First the sacking of Finance Minister, Nhlanhla Nene, and replacing with someone they regard as a nonentity, David van Rooyen, and firing again. Second, political influence in the acquisition by Guptas of a mine, in partnership with President Jacob Zuma’s son, Duduzane Zuma. Most recently, revelations by the Deputy finance, Minister Mcebisi Jonas, that he was offered the position of finance minister by the Guptas before Nhlanhla Nene was sacked.

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