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Vol 55 No 18

Published 12th September 2014

South Africa

Dividing the spoils

The 'Mining Queen' and Julius Malema are using transfer-pricing in the mining industry to force profit-sharing and further BEE

Bridgette Radebe, Chairperson of Mmakau Mining, President of the South African Mining Development Association which represents black-owned mining companies and self-styled 'Mining Queen' is using the transfer-pricing issue to try to force a major shift in mine ownership. She is working all her political connections in the African National Congress (ANC) and Parliament to push for legislation, warning that the country risks 'another Marikana massacre' unless urgent action is taken.

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