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The Chinese Government is committed to playing a key role in improving the livelihoods of Zimbabweans and promoting economic growth in line with Vision 2030 as enunciated by President Mnangagwa. Economic and Commercial Counsellor at the Chinese Embassy in Harare, Mr Huang Minghai , said the embassy was encouraging Chinese companies operating locally to put…
NUM’s Bonginkosi Mrasi says they are concerned about reports that Samancor may be involved in activities that are against competition laws in South Africa.
SA mining company accused of crushing black-owned firms with anti-competition behaviour
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Johannesburg- The biggest chrome miner in the world, South African-based Samancor Chrome, has crushed black-owned chrome companies in activities that are against competition laws in South Africa.
After some ownership changes, Samancor now belongs to a Chinese Consortium which includes Sino Steel, Min Metals and China National Investment Corporation, all three being multibillion-dollar enterprises.
With its head office in Sandton, the powerhouse changed hands in South Africa with no regulatory approval in a transaction running into billions of rand, crushing all other competitors.
Soon after Samancor changed ownership in 2019, two companies were appointed to be the agents for Samancor, selling their chrome worldwide.
factmrApril 19, 2021
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