In partnership with
All data is delayed
See More

Anglo 'stole our money' - Mantashe

Jan 22 2013 12:26

Gwede Mantashe. (File, Beeld)

Company Data


Last traded 187
Change 8
% Change 4
Cumulative volume 4484341
Market cap 0

Last Updated: 21-10-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 328
Change -3
% Change -1
Cumulative volume 391882
Market cap 0

Last Updated: 21-10-2016 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 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
Comments have been closed for this article.

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote