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Did you hear what Mbeki said on TV ? [message #83982]

Sun, 19 February 2012 12:52

Moonraker

Messages: 453
Registered: August 2010
Location: George

Senior Member

Last night I was watching the news, Mbeki was ranting about billions being 'taken' from Africa illegally. http://www.iol.co.za/news/africa/billions-taken-from-africa- illegally-mbeki-1.1237356

The above link refers BUT does not tell all. Mbeki said that our Platinum miners are in the habit of making customs declarations for Platinum exports showing those exports to be Tin !
Obviously implying that the platinum miners receive the full $1600+ payment from their overseas customers but only 'repatriate' the lowly Tin price value to ZA.
Of course this is impossible as the amount of ore exported is documented, plus there are auditors, shareholders etc.

This is cheeky racist stuff and I wish Cynthia Caroll or somebody else in the mining sector will show some backbone and comment.

(One brick short of a wall scenario - disgusting).

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Re: Did you hear what Mbeki said on TV ? [message #83983]

Sun, 19 February 2012 16:09

Moonraker

Messages: 453
Registered: August 2010
Location: George

Senior Member

Hope someone (mining CEO) will refute this accusation.

http://www.moneyweb.co.za/mw/view/mw/en/page295023?oid=56236 3&sn=2009+Detail&pid=287226

Quote:

"In some instances mining companies will export platinum...and in the customs records they will say they are exporting tin, which has a lower price."

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Re: Did you hear what Mbeki said on TV ? [message #83985]

Sun, 19 February 2012 19:56

orca

Messages: 1595
Registered: December 2005
Location: Cape Of Good Dope

Senior Member

I can't see why this is "Racist". Mbeki could be correct. Don't jump the gun. We have seen many cases of rot in big Co's like TIG.

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Re: Did you hear what Mbeki said on TV ? [message #83986]

Sun, 19 February 2012 20:14

yossarian

Messages: 16
Registered: January 2011

Junior Member

Just because Mbeki is a racist doesn't mean that he is wrong! And he's in a unique position to criticise the raping of Africa's mineral wealth -- anyone in Mbuji-mai, DRC will gladly point out 'Mbeki's' diamond mine....

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Re: Did you hear what Mbeki said on TV ? [message #83987]

Sun, 19 February 2012 22:14

bread
Messages: 443
Registered: March 2010
Location: Cape Town

Senior Member

orca wrote on Sun, 19 February 2012 19:56

I can't see why this is "Racist". Mbeki could be correct. Don't jump the gun. We have seen many cases of rot in big Co's like TIG.

Yep, I totally agree with you. I'm sure alot of people would have branded as racist anyone who dared accuse one of our very own 'South African' companies with charging us inflated bread prices.

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Re: Did you hear what Mbeki said on TV ? [message #83990]

Mon, 20 February 2012 08:25

jaDEB

Messages: 2720
Registered: February 2006
Location: Boksburg

Senior Member

Moonraker wrote on Sun, 19 February 2012 12:52

Mbeki said that our Platinum miners are in the habit of making customs declarations for Platinum exports showing those exports to be Tin !
Obviously implying that the platinum miners receive the full $1600+ payment from their overseas customers but only 'repatriate' the lowly Tin price value to ZA.

(One brick short of a wall scenario - disgusting).

Thus if u invested in Platinum shares, does this mean u will get a special dividend? Very Happy

jaDEB

I got my heebie-jeebies in a hidden bag

Oasis

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Re: Did you hear what Mbeki said on TV ? [message #83994]

Mon, 20 February 2012 09:27

Moonraker

Messages: 453
Registered: August 2010
Location: George

Senior Member

bread wrote on Sun, 19 February 2012 22:14

orca wrote on Sun, 19 February 2012 19:56

I can't see why this is "Racist". Mbeki could be correct. Don't jump the gun. We have seen many cases of rot in big Co's like TIG.

Yep, I totally agree with you. I'm sure alot of people would have branded as racist anyone who dared accuse one of our very own 'South African' companies with charging us inflated bread prices.

Been tarred with the racist brush so often it's a natural reaction.
(Remember some of those ANC Today Mbeki blogs ?)

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