COMPANY COMMENT: Delegates uneasy over Joburg Indaba snub
Chamber of Mines CE Roger Baxter lost momentum and opportunity in his delayed rebuttal
What is to be made of the Chamber of Mines boycotting a dinner addressed by Mineral Resources Minister Mosebenzi Zwane, in whom the industry body says it has lost confidence, pointedly adding that he is linked to dubious dealings?The dinner hosted by the Joburg Indaba had Zwane as a guest speaker on the eve of the two-day event. But neither he nor his ministry was present at the mining conference itself to participate in any meaningful way or to hear how dismissive overseas investment funds are towards SA as a destination. However, the talking point rather was the chamber’s decision not to attend the dinner and the notable absence of many CEOs who would normally have come to such an event. It was noteworthy that the CEs of Anglo American’s South African businesses were all in attendance, but this could easily be explained by the company disentangling itself from coal mines supplying power utility Eskom and the need to keep Zwane as sweet as possible. The common sentiment among deleg...
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