PRESS RELEASE: Anglo 'restructuring' should be stopped - Holomisa
Anglo American's proposal to restructure the platinum mines, of its 78%-owned Anglo American Platinum (Amplats), should be stopped. The ramifications for our people, especially the poor, and the country’s economy are unacceptable.
As Government engages Anglo they must keep the big picture firmly in view. When one looks at Anglo’s history in South Africa, one sees a mining giant that showed, and continues to show, flagrant disregard for South Africa and the plight of its poor. We must remember that this is the very company that sustained the Apartheid regime when the rest of the world withdrew economic support from South Africa.
It is clear that Anglo never supported a black-led government and it proved this when it bailed out by delisting from the Johannesburg Stock Exchange (JSE), taking with it billions of Rands without any prospect of that money returning. With their unbundling only a few of the ruling party’s senior members benefitted. They are now multi-millionaires, whilst millions have nothing.
No doubt the management of Anglo, who sits in their cushy offices in London, will not be affected by this restructuring - it always is the workers in the lower-income bracket who bare the brunt of “restructuring”. Why do they not restructure Anglo’s management and use that money to save jobs and narrow the gap between the remuneration of managers and miners.
The United Democratic Movement supports the call for an investigation into whether Amplats and its parent have complied with the country’s mineral rights regulations. If Anglo does not want to operate in South Africa in a mutually beneficial manner, they must surrender their mining licence and give others an opportunity to do the right thing.
The message to head office in Britain should be clear, enough is enough, South Africa will no longer brook this one-way traffic. This restructuring proposal of theirs is morally bankrupt and Anglo cannot be allowed to ruin the lives of 14 000 South Africans, their extended families and their communities.
Statement issued by:
Mr Bantu Holomisa, MP
16 January 2013