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Vol 2 (AAC) No 7

Published 1st May 2009

South Africa

Friends in the right places

Just before President Jacob Zuma's inauguration on 9 May, India's state-owned National Mineral Development Corporation (NMDC) signed a commercial cooperation agreement with the Congress of South African Trade Unions' (Cosatu) Kopano Ke Matla investment company. Founded in 1997, Kopano (Sotho for 'unity is strength') is a Black Economic Empowerment company. Its founder, Tumelo Motsisi, now a millionaire, defined its mission from early on: 'The driving objective within Cosatu is the ultimate seizure of economic power from a few powerhouses to the majority.'

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