Central to this story, once again, is the now infamous Gupta family – which has been accused of completing suspicious transactions, with money flowing between South Africa and India.
Nedbank CE Mike Brown on Monday filed an affidavit with details about a meeting with Minister Zwane, in his capacity as head of an inter-ministerial committee set up to investigate SA’s banks cutting ties with the Guptas.
The Congress of South African Trade Unions (Cosatu) has called President Jacob Zuma to fire Minerals and Energy Minister Mosebenzi Zwane.
Mineral Resources Minister Mosebenzi Zwane should have been fired for his statement that a judicial commission of inquiry will be launched into the termination of banking services to Oakbay Investments.
Speaking to delegates at the China Mining Congress and Expo in Tianjin, Minister Zwane explained that South Africa had embarked on a drive to better exploit the mineral recourses that it currently has at its disposal, by developing its manufacturing industry.
Minister Zwane has been criticised for the way he has handled the situation, on Wednesday by the Chairman of the Zimbabwe Community, and now also by COSATU.
Rescue operations were on Tuesday morning stopped by local authorities, who felt the risk factors of entering the mine were too high, due to the high levels of carbon monoxide underground.
Zwane has been the subject of considerable controversy during the past week, after he issued a statement about an investigation into South Africa’s biggest banks.
The Minister of Mineral Resources, Mosebenzi Zwane, has said that a new approach has been taken at the Lily Mine, to recover the still-strapped container that plummeted down months ago.
Minister of Mineral Resources Mosebenzi Zwane said there was a definite need for mining companies and the South African government to improve coordination, to create a more harmonious environment for all stakeholders.