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“Alliance Mining’s proposed BEE deal was announced by the company on July 14 2009. It was described as a “broad-based” deal, yet it would have resulted in Phosa becoming the company’s largest shareholder. “Phosa’s close friend, Matilda Gaboo, who had no prior involvement in Alliance Mining, would have ended up with more shares than the company’s entire combined workforce.” Julius Cobbett, Moneyweb, 16 April, 2010 Mathews Phosa’s recent Damascene conversion, his sudden realisation that corruption is destroying the Rainbow Nation, has elicited some scepticism. Piet Rampedi in Star and Ranjeni Munusamy on the Daily Maverick website both pointed out how commonplace it has become for ANC politicians to discover their conscience and their concern for the public weal once they had retired and their pensions were safely in the bank or once they had not made it onto the latest slate.

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