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South Africa's top gold miner isn't afraid to say President Zuma 'has to go'

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Published : September 19th, 2016
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Category : GoldWire

South Africa's President Jacob Zuma "has to go," with poor governance deterring prospective investors, according to the head of Sibanye Gold Ltd., the biggest producer of South African bullion.

"Any solid investor, any solid company is founded on good governance and what we have in South Africa at the moment is very poor governance, from a government point of view," Sibanye Chief Executive Officer Neal Froneman said in an interview from the Denver Gold Forum in Colorado Springs.

He joins a growing chorus of South African business leaders criticizing the president's stewardship of the economy. Sipho Pityana, chairman of AngloGold Ashanti Ltd. and a prominent African National Congress member, last week said Zuma had "no integrity" and his actions are putting South Africa at risk of a credit-rating downgrade to junk. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2016-0...uth-africa-s...

 

Data and Statistics for these countries : Georgia | South Africa | All
Gold and Silver Prices for these countries : Georgia | South Africa | All
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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