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.