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Spicer quits Business Leadership SA

Johannesburg - Michael Spicer has stepped down after six-and-a-half years as CEO of Business Leadership SA (BLSA), it was announced on Friday.

He has now taken up the role of vice-president, convening a working group of BLSA members on corporates and Africa.

"I would like to thank you for being part of a fulfilling and rewarding period in my life and I know that you will extend the same support to my successor Thero Setiloane, who joins BLSA as CEO from AngloGold Ashanti where he has been an executive director," Spicer said.

Spicer was recently taken to task by the government for comments he made that were published in a Sunday newspaper.

In an interview, he told the Business Times that the government was using the nationalisation debate to "shift the blame for its own very poor performance in most of the mining areas".

He added that the government had increased its take from the mining industry through increased royalties, and he asked what had happened to that money.

Spicer also said the threat of nationalisation was being used by the government to extract ever more concessions from the mining industry.

"They've decided this may be a useful way to shake the tree. Let's shake the tree and see what happens. Maybe some plums will fall out of it."

Spicer said that if business did not think clearly, this could become "a sort of serial shakedown where you yield a little bit and then get shaken down some more".
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