Great Basin Gold Ltd. (fka GBGLF)

[goldenpolarbear]

Neal "Froneman says Zuma must quit"

TORONTO – South African President Jacob Zuma “has to go,” with poor governance deterring prospective investors, according to the head of Sibanye Gold, 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 CEO Neal Froneman said in an interview on Monday from the Denver Gold Forum in Colorado Springs.

He joins Sipho Pityana, chairperson of AngloGold Ashanti 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.

Zuma, 74, has spooked investors this year by sparring with Finance Minister Pravin Gordhan for control of the Treasury, tax collection agency and state companies, while in March the nation’s top court said the president violated the constitution for refusing to repay taxpayer money spent on his private home.

Zuma spokesperson Bongani Ngqulunga didn’t immediately comment on Froneman’s remarks.

http://academyfinance.ch/gri/companies/Great-Basin-Gold.pdf

http://www.miningweekly.com/article/froneman-says-zuma-must-quit-2016-09-20
Great Basin Gold - Credit Suisse AG Creditors Arrangemnt Act 'Oral Reason for Judgement'
https://home.kpmg.com/content/dam/kpmg/pdf/2016/05/oral-reasons-for-judgment.pdf