• SABC shenanigans

    SA has already embarked on a slippery slope to autocracy, warns Terry Bell in Inside Labour.

  • Zim tastes people power

    Protests in Zimbabwe are forcing Mugabe to face anti-government sentiment, says Memory Mataranyika.

  • Platinum handshake

    Officials who try to do what's right risk far more than blessed wrongdoers, says Solly Moeng.

All data is delayed
Loading...
See More

Anglo 'stole our money' - Mantashe

Jan 22 2013 12:26
Reuters

Gwede Mantashe. (File, Beeld)

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 144
Change -5
% Change -3
Cumulative volume 3205098
Market cap 0

Last Updated: 22-07-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLO AMERICAN PLATINUM LIMITED [JSE:AMS]

Last traded 389
Change -1
% Change 0
Cumulative volume 178232
Market cap 0

Last Updated: 22-07-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Amplats, govt discuss way forward

CCMA pledges fair deal in Amplats talks

Premier to hold talks with Amplats

ANC fuming over Amplats job cuts

Workers shocked by Amplats threat

 

Johannesburg - Shares of global mining giant Anglo American [JSE:AGL] fell over 2% after a top ANC official said the mining firm's plans to cut 14 000 jobs underscored the need for South Africa to take a "bigger interest and control" of the sector. 

At 09:45 GMT, the company's shares in Johannesburg traded 2.16% lower at R263.00. 

ANC's secretary general Gwede Mantashe also said in an interview on SAFM radio that Anglo had "stolen our money and listed in the London Stock Exchange and have become a British company. That company was built on the back of South African capital and labour."

Anglo, which moved its primary listing to London from Johannesburg over a decade ago, says the job cuts and shaft closures are needed to restore profitability to its platinum arm, Anglo Platinum [JSE:AMS] (Amplats). 

Amplats shares are 1.9% lower.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
120 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE SAVINGS ISSUE

Saving can make a lot of things possible, but we all know how hard it is to save. This special Savings Issue will help you get focused.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb's decision to keep the repo rate unchanged is:

Previous results · Suggest a vote

Loading...