South Africa Airs Concern on Jinchuan-Wesizwe, City Press Says

South Africa’s resources department met with Jinchuan Group Ltd. and Wesizwe (WEZ) Platinum Ltd. this week after the Chinese company replaced the local company’s chief executive officer, City Press said, citing Zingaphi Jakuja, a department spokeswoman.

The Department of Mineral Resources sent a letter highlighting concerns to the companies, the Johannesburg-based newspaper said, without specifying the concerns. The replacement of executives could have a negative effect on the government’s attempts to increase local black people’s involvement in management, City Press said, citing the South African Mining Development Association’s acting chairman, Willy Leeuw.

To contact the reporter on this story: Carli Lourens in Johannesburg at clourens@bloomberg.net

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.