LETTER: Anglo betrayed industrial interests in SA
Anglo American permitted sale of Highveld Steel and Samancor to East European oligarchs
Newly appointed Gold Fields CEO Chris Griffith was quoted in Business Day on January 22 saying: “I was on the executive of Anglo American for 12 years or so, and by the international nature of their business and the role I played in the executive, it contributed to a greater and more global perspective than just running businesses in SA.”
Rather than disparaging those who just run businesses in SA Griffith should perhaps reflect on the destruction wrought by Anglo American’s betrayal of its industrial interests in SA and the sale of two of its businesses, Highveld Steel and Samancor, to companies run by East European oligarchs with dubious reputations. Did Anglo not have a moral obligation to continue to run these businesses in SA rather than permitting the destruction of world-class industrial companies the old SA Anglo had built up over many decades?..
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