The report Lonmin did not want you to see. Following the work AIDC had done on the affordability of the R12500 wage demand of AMCU for platinum workers AIDC conducted a report on the financial position of Lonmin at the time of the Marikana massacre. Lonmin tried to squash the report through interdicting AIDC. Lonmin had channeled hundreds of millions of rands to a subsidiary in tax-free Bermuda, and more millions were moved to the British parent company through its South African branch. Also revealed was how, during the cash-crunch years before the 2012 wage strikes, Lonmin handed $46-million to its black economic empowerment partner, a company controlled by ANC deputy president Cyril Ramaphosa’s Shanduka Group. With Ramaphosa deeply implicated and Trevor Manuel now hired by Rothschild (I kid you not) can anyone still take the NDP seriously? I have the full AIDC report, e-mail me if you want it.
Posted on: Sun, 19 Oct 2014 06:21:20 +0000
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