Jump to navigation

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.'

End of preview - This article contains approximately 248 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.