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Tuesday, 09/20/2016 8:34:02 AM

Tuesday, September 20, 2016 8:34:02 AM

Post# of 14330

South African President Jacob Zuma “has to go,” with poor governance deterring prospective investors, according to the head of Sibanye Gold Ltd., the biggest producer of bullion in the country.

“Any solid investor, any solid company is founded on good governance and what we have in South Africa at the moment is very poor governance, from a government point of view,” Sibanye Chief Executive Officer Neal Froneman said in an interview on Monday from the Denver Gold Forum in Colorado Springs.


What about solid investors in Great Basin Gold and the Burnstone Mine?

If GBG was actually liquidated why were NoT ALL of the GOLD mining RIGHTS of the Burnstone Gold Mine returned promptly to the South African government under President Jacob Zuma's control?

As is normally done during a South African Gold mine liquidation? Or was Burnstone involved in an actual South African High Court Business Rescue?


He joins Sipho Pityana, chairman of AngloGold Ashanti Ltd. and a prominent African National Congress member, in calling for Zuma to step down. Pityana last week said Zuma had “no integrity” and his actions are putting South Africa at risk of a credit-rating downgrade to junk.


http://www.bloomberg.com/news/articles/2016-09-19/sibanye-south-africa-s-zuma-has-to-go-amid-poor-governance

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