Live Breaking News & Updates on மெர்வின் கார்ஸ்டன்ஸ்
Stay updated with breaking news from மெர்வின் கார்ஸ்டன்ஸ். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
MONEYWEB app instead? Diamonds and dirty dealings: Alexkor whistleblower testifies The story of how a dormant shelf company with no licence to market and sell diamonds won a tender to do just that, receiving its first tranche of multi-million rand rough stones in the first month. 00:01 When the whistleblowing diamond diver started querying the prices received for rough diamonds, his contract was cancelled and his access to the site blocked. Image: Shutterstock Gavin Craythorne, a marine diamond diver operating along the north-west coast of South Africa from Alexander Bay to Port Nolloth, testified at the Zondo Commission of Inquiry into state capture on February 8 and 11. ....
MONEYWEB app instead? Gobodo forensic investigation was found wanting. 00:01 The spoils of the Richtersveld are an obvious target of state capture. Image: Shutterstock The Zondo Commission of Inquiry entered 2021 by turning its focus on irregularities and allegations of state capture onto Alexkor, the state-owned diamond miner. Alexkor owns the marine diamond mining rights stretching from Alexander Bay to Port Nolloth in the Richtersveld, while the Richtersveld Mining Company (RMC), a community mining company, owns the land diamond mining rights. A successful restitution claim by the Richtersveld community resulted in the formation of a Pooling and Sharing Joint Venture (PSJV), whereby Alexkor has a 51% stake and RMC 49%. The PSJV enters into contracts for marine mining contracts on behalf of Alexkor, and land mining contracts on behalf of RMC. ....
Parliament accused of failing to investigate alleged capture of Alexkor mine, inquiry hears By Baldwin Ndaba Share Johannesburg – MPs have been accused of allegedly failing to investigate numerous state capture complaints relating to state-owned diamond miner Alexkor Mine – despite receiving written submissions, including representations, to Parliament’s portfolio committees. This was the shocking testimony of Gavin Craythorne of the Equitable Access Campaign during his testimony before the State Capture Commission of Inquiry on Monday. Craythorne told the commission that he became aware of the planned capture through a “hitch-hiker” (whistleblower). “The hitch-hiker asked whether I knew the identities of the new owners of Alexkor Mine. I said no. I was surprised about it. He gave a QuestCo document. It was authored by Trans Hex, De Beers, Alexkor board members and the Richtersveld Communal Property Association.They wanted to dispose off the Ale ....
Lameez Omarjee Share The judicial commission of inquiry heard that Alexkor s decision to go into coal mining was a misguided strategy . Photo: iStock The judicial commission of inquiry into state capture on Friday heard evidence from long-term contractor to Alexkor and to its joint venture with the Richtersveld community, Gavin Craythorne. According to Craythorne the proceeds from work contractors did not go back into the Richtersveld community but instead were used in investments to diversify Alexkor s expansion into coal. He told the commission that this change of focus from diamond mining to coal was meant to benefit Gupta-linked companies. State diamond mining company Alexkor was a casualty of ....