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Sunday Times Combined Metros 1 - 08/12/2013 08:53:11 PM - Plate:
GRAEME HOSKEN
THE memorial service and funeral of Ne l s o nMandela will involve the activation of SouthAfrica’s tightest security plan ever and thedeployment of thousands of police andsoldiers.
The plan to secure the world icon’s memo-rial service, the lying in state and the funeral,and the protection of the huge number of VIPmourners, has been four years in the making.
Yesterday the government said everythingwas in place to ensure the safety of more than50 world leaders, royalty, scores of otherforeign and South African dignitaries, andthousands of mourners expected to attendthis week’s events across South Africa.
Officials said the security plan was basedon that for the 2010 soccer World Cup.
Security manpower will be brought intoGauteng from other provinces.
Yesterday thousands of people attendedchurch services in remembrance of Mandelaand to pray for the wellbeing of the country.
Mandela’s former wife, Winnie Madik-
izela-Mandela, and President Jacob Zuma,attended a service at Bryanston MethodistChurch, Johannesburg, yesterday.
At Bethesda Methodist Mission, inHoughton, Johannesburg, the Rev MzwandileMolo said that Mandela lived “so magnificenta life that it cannot be held in a grave”.
The 800-strong 14 SA Infantry Battalion
has been put in place for the funeral in Qunu,Eastern Cape, on Sunday.
Deployed with armoured vehicles, their jobis to secure Mthatha airport. At least two SANavy frigates will be stationed off the East-ern Cape coast. A no-fly zone has beenimposed over Mthatha airport, withcontinuous aerial surveillance.
In Gauteng, there will be around-the-clockaerial surveillance over Johannesburg andPretoria.
The Union Buildings, where Mandela’sbody will lie in state from Wednesday, will beheavily guarded by police and defence forcespecial forces soldiers.
FNB Stadium, where world leaders, in-cluding US President Barack Obama, and hiswife Michelle, will attend the memorial ser-vice, will be in security lockdown.
State security services, including militaryand police intelligence agencies, have beenactivated to detect any threat.
Minister in the Presidency for Perfor-mance Monitoring and Evaluation CollinsChabane yesterday refused to comment onsecurity arrangements.
“What we can say is that … all the eventsand those who attend them are safe. I assureyou, we have very strict security measures inplace.”
By late yesterday, 59 heads of state had
Thousands of police, soldiers deployed for Mandela memorial service and fun e ra l
CHANDRÉ PRINCE
ABATHEMBU King BuyelekhayaDalindyebo moved swiftly yesterday toquell any lingering Mandela family feudsahead of the memorial service and funeralof Nelson Mandela.
King Dalindyebo visited Mandela’sHoughton, Johannesburg, home to offer hiscondolences and pray for peace ahead ofofficial ceremonies this week.
His visit was two days after Mandela’s
eldest daughter, Makaziwe, wrote to hernephew, Mandla Mandela, demanding thathe remove his four dogs from Mandela’shouse in Qunu, Eastern Cape.
Mandla has been at loggerheads withMakaziwe and the rest of his family overMandela’s final resting place.
In July, Makaziwe and 16 other familymembers, including stepmother GraçaMachel, took Mandla to court to force him
INSIDE MANDELA’S HOUSE
ý Continued on Page 2
ý Continued on Page 2
Coloured for The Times on 9. 12. 2013
Send-of f like no other
Sunday Times 13/06/2010 01 01st1306Mainbody 1 WC 12/06/2010 07:20:56 PM
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N-1 JDCP
SASHNI PATHER, SUTHENTIRAGOVENDER, SUBASHNI NAIDOO,BUYEKEZWA MAKWABE andANTON FERREIRA
WORLD Cup-crazySouth Africanshave helped makethis the most lucra-
tive tournament in Fifa’s history.Th at ’s the word from D a n ny
Jordaan, CEO of the local or-ganising committee.
Jordaan said: “(Fifa presidentSepp) Blatter is very very hap-py. This has been the most suc-cessful (World Cup) in their his-
tory. Fifa decided to pay a bonusto its 208 members.
“Previously there was talkthat this World Cup could leaveFifa financially bankrupt, butthe international broadcastrights alone have been a majorsource of income.”
Jordaan watched the openinggame from the VIP suite at Soc-cer City in the company of Pres-ident Jacob Zuma, US vice-pres-
ident Joe Biden, Blatter, andM ex i c o ’s President FelipeCa l d e r o n .
“F r i d ay ’s opening game canbe counted as one of the greatmoments in our history,” Jo r -daan said. “We waited 27 yearsfor Mandela to be released fromjail and we waited 16 years tohost this event. This was worththe wait. It was a day as big aswhen South Africans cast their
vote in the first democratic elec-tions. We hosted Africa’s firstWorld Cup and having Arch-bishop Emeritus Desmond Tututhere was a great moment.”
Blatter announced bonusesall round this week — includingR1.8-million for the SA FootballAs s o c i at i o n .
Blatter said Fifa had done sowell financially last year thateach of the 208 member asso-
ciations would receive a $250 000bonsela.
According to financial newsservice Bloomberg, Fifa gener-ated a record $1-billion of rev-enue last year, and holds thesame amount in its reserves.Almost all the income is derivedfrom selling commercial andbroadcasting rights to theWorld Cup, sport’s most-watched event.
Fifa sold the marketing andtelevision rights to this year’sevent for $3.2-billion, 30% morethan it did for the 2006 tour-nament in Germany.
Though Fifa’s bank balancehas swelled, there were someminor hiccups at the start ofAfrica’s first World Cup. Theseincluded:
ý Power outages in Orlando,Soweto, that electricity utility
Eskom hopes to prevent fromrecurring;
ý Hundreds of empty seats atSoccer City on Friday; and
ý Th e r e ’s the strange case ofFrance star Thierry Henry’ssoccer boots being detained byc u st o m s .
The tournament has not beenwithout its fare share of off-fielddrama.
The empty seats at Friday’s
opening game seems to haveFifa stumped.
Soccer’s world governingbody said there was a “block ofabout 800 empty seats” at theBafana Bafana vs Mexico
“It’s ticket holders not show-ing up or much too late . . . someof the tickets seemed to belongto performing artists, but we arestill looking into the matter,”Fifa said in a statement.
However, the chief of commu-nications for the local organising
Big bonuses, Henry’s missing boots and power cuts
ý Turn to Page 3
In the know on the move
R5.20 (Swaziland, Bots 5.20 incl tax)
Fr i d ay April 13, 2018
www. sowetanlive.co. za
owe t a n#SAWUBONAQHAWEKAZI
www.stangenlife.co.za
Lala ngoxolo QhawekaziWe are, because of you!
Winnie Madikizela-Mandela Born: 26 September 1936, Mbizana Local Municipality, South Africa | Died: 2 April 2018, Johannesburg, South Africa
“Winnie served our people‚ she did not serve her own family. She did not serve any other interests. She only knew to serve the people of SA and that is what she was committed to. Throughout her life as a political activist‚ she did not conform to the politics of respectability and sexist gender roles. She did not see women as being inferior to men… she emerged out of every situation meant to break her even stronger and more powerful‚ more courageous and much more determined‚“ President Cyril Ramaphosa.
See pages 6, 8 & 9
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Sunday Times 16/12/2007 01 01st1612main 1 All Round 15/12/2007 07:25:50 PM
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D -DAY After monthsof acrimony,the crunch hascome at last
REAR GUARD:A soldierwatc h e scleaners ontheir way toprepare theUniversity ofLimpopofor the6 000 ANCd e l e g ate s ,observers andj o u r n a l i st swhodescended onPo l o k wa n eye ste rd ay
Pi c t u re :SI M P H I W EN K WA L I
Cleanswe e pfor theANC
MOIPONE MALEFANE,BRENDAN BOYLE,BUDDY NAIDU, NDIVHUHOMAFELA, PADDY HARPER,MPUMELELO MKHABELA andDOMINIC MAHLANGU
ANC presidential hopeful JacobZuma has vowed that he will notstep down as ANC leader if he ischarged.
Zuma’s comments, made tothe BBC on the eve of his elec-toral battle with PresidentThabo Mbeki at the ANC’s con-ference in Polokwane, came asthe National Prosecuting Au-thority indicated that it wasready to pile new corruptionand tax evasion charges on himnext year.
“Why should I step down? Youknow what that would mean, ifthere were charges and Istepped down? It would meanthat I plead guilty before evengoing to court,” he said.
“What would be the logic of it?I see no logic in it. The day, if Iam taken to court, that the judgesays: ‘Zuma, we find you guilty’,as I walk out of court I will say tothe ANC I am stepping down, Ihave been found guilty.”
Voting for the top six positionswill take place today, and theresult will be known tomorrow.The rest of the NEC will beannounced later in the week.
All major roads leading in andout of Polokwane have beenmanned by traffic cops and sol-diers since Friday as an expect-ed 6 000 delegates, journalistsand observers started tricklingin.
A task team of ANC officialsand the SA Police Service is co-ordinating the security effort forthe party’s most important con-ference in its history.
A heavily guarded Zuma ar-rived in Polokwane in a nine-carsecurity convoy with 12 body-guards, following unverified re-ports that an informant had toldpolice of a plot to assassinatehim. The Sunday Times under-stands that a senior securityofficial briefed Zuma in personon Friday about the allegedplot.
Fuelling paranoia in the Zumacamp was a burglary at hisDurban beachfront flat onTh u r s d ay .
Zuma’s rival, Mbeki, flew in toPolokwane in the presidential
jet and immediately went into ameeting with ANC veteran Win-nie Madikizela-Mandela, whohas been trying to broker atruce between the two men thisweek. Madikizela-Mandela’smeeting with Mbeki followed asimilar meeting with Zuma athis Forest Town home on Fri-day. Zuma told Madikizela-Mandela that he would notagree to “leadership by arrange-ment” and rejected any attemptto introduce a “subverted
than R4-million from convictedfraudster Schabir Shaik over a10-year period;
ý Zuma supporters moved tohave the voting done manuallybecause they do not “trust” theelectronic voting system;
ý ANC stalwart and NorthWest provincial Speaker ThandiModise defied her province andaccepted the Zuma camp’s nom-ination for the deputy secretary-general position; and
ý Zuma supporters preparedto issue a warning to ANC na-tional chairman and Mbeki allyMosiuoa Lekota to recuse him-self from chairing the confer-ence or else conduct the pro-ceedings impartially.
“Our feeling is that we shouldallow him to continue and onlypush to have him removed if hemisbehaves and abuses thechair during the first day, par-ticularly the electoral commis-sion session,” said one Zumaa l ly .
In his interview with the BBC,Zuma said he would let Mbekifinish his presidential term.
“Why should he leave officeearly? He must finish out histerm smoothly and nicely. It’snot a problem. That space alsoallows the ANC president tolead the [2009 election] cam-paign without necessarily hav-ing to deal with governmentevery morning so that he canput every effort into the ANC.”
Zuma dismissed ArchbishopDesmond Tutu’s opposition tohis candidacy, saying he shouldstay out of politics.
“I have avoided answering thequestion about Tutu because Irespect him. The business of theleaders of the church, in termsof what God has said: they mustpray for people, not condemnthem. I will expect him to pray,not to condemn.”
He said it was “dangerous” forthe clergy to become involved inpolitics.
The mood was tense as del-egates arrived at the Polokwaneairport for official registration.
Delegates defiantly wore Zu-ma T-shirts, flouting the party’sdirective banning all T-shirtsbearing faces of candidates.
Tempers flared outside theregistration hall with Mbeki lob-byist Andile Nkuhlu exchangingstrong words with a Zuma lob-byist, Bobo Thwane, with each
demanding that the other’s pre-ferred candidate stand down.
Registration of delegates wasdisrupted as security staff bat-tled to control a large number ofMbeki and Zuma supporterswho insulted each other andsang songs praising their re-spective candidates. Busloads ofdelegates from the OR Tamboregion in the Eastern Cape hadarrived moments earlier wear-ing “100% Zuma” T-shirts andsinging: “Phuma Mbeki! NgenaZuma!” (Get out, Mbeki! In withZuma!)
In a bid to control potentialdamage, government membersSusan Shabangu and ThokoDidiza expelled photographers.
Explaining the rejection of thecompromise list proposal, aKwaZulu-Natal Zuma lobbyist
said: “We think this is an at-tempt by Mbeki’s supporters tocontrol Jacob Zuma once he iselected.”
Another said: “It is too late forany kind of a deal. There is onlyone way that this is going to besettled and that is through thevo t e . ”
The ANC Youth League alsostrongly rejected Madikizela-Mandela’s proposal.
“We remain opposed to thesubversion of ANC internaldemocracy for political expedi-ency. Leadership must be anexpression of the will of thepeople [and] must be elected bythe people and not by arrange-ment,” said Youth League pres-ident Fikile Mbalula.
Despite the seemingly pro-Zuma sentiment in Polokwane,
Mbeki campaigners have notthrown in the towel.
Gauteng Premier MbhazimaShilowa addressed delegates athis home village of Olifantshoekin Limpopo where he urgedthem to vote for PresidentThabo Mbeki.
Shilowa addressed them onFriday at the Royal Kraal, wherehe distributed “a yellow doc-ument” that allegedly rub-bished Zuma, saying that theANC had warned him not tohave a relationship with S c h ab i rShaik.
For his part, Rasool invitedWestern Cape delegates to hisresidence to explain his un-equivocal support for Mbekiover Zuma.
He told the Sunday Times thatMbeki needed to be in full con-trol at least until the end of histerm in April 2009 and probablyshould be there to “mentor in” asuccessor over the following fewye a r s .
“The leadership of ThaboMbeki — at least to see through
his presidency of the country —is going to be absolutely criticalin order for him not to once haveto look over his shoulder anddoubt whether he must com-plete his task.
“We are too delicately poisedto afford a President who has tolook over his shoulder,” he said.
He said it would “take pureguts on the part of the Presidentto get to 2009 if he is not pres-ident of the party”.
He went on: “Based on myexperience, he would have todevelop a thick skin to with-stand indignities, retreat intoareas of high principle so as notto do unpleasant things that areasked of him and try to exude adignity that is under constantatt a c k . ”
The head of the ANC’s elec-
toral commission, Bertha Gxo-wa, told the Sunday Times thatthe commission was ready to goto manual voting if such a pro-posal was approved by the con-ference.
“I have told members of theelectoral commission that ev-erything that happens duringthe voting and counting shouldbe recorded.
“This is not an ordinary elec-tion,” she said.
“If there are questions ordoubts, they should be dis-cussed.”
Meanwhile, Polokwane busi-nesses were coining it as theANC delegates poured intot ow n .
While some ANC branchmembers will have to settle forthe bare basics in the residentialblocks on the campus of theUniversity of Limpopo, the bigspenders have snapped up five-star accommodation.
Prices for a suite at luxurygame lodges scattered aroundPolokwane range from R900 toR3 100 a night, while chain ho-tels charge a mere R500.
According to L i mp op oTourism and Parks, beds withina 50km radius of the conferencevenue are booked out and peo-ple are starting to settle for anight’s sleep in other townssuch as Magoebaskloof, Moko-pane and Tzaneen.
Mbeki and some members ofhis Cabinet were booked intothe ultra-luxurious YellowstoneLuxury Lodge while furtherdown the same road in BurgerStreet, Zuma checked into afour-star guesthouse with threeof his children.
Andre van Jaarsveldt, man-ager of the four-star GetawayGateway Lodge, said it would bea “miracle” if anyone could stillfind an empty room.
A huge security blanket in-volving the police, army, intel-ligence agencies, VIP protectionservices and traffic authorities,has been thrown around theUniversity of Limpopo, wherethe main conference will beheld.
‘Why should Istep down? Youknow what thatwould mean, ifthere werecharges and Istepped down? Itwould mean thatI plead guiltybefore even goingto court’ — Jacob Zuma
d e m o c r a cy ” .In a day of dramatic last-
minute developments:ý Madikizela-Mandela ap-
pealed to the ANC’s Top Six foran “opportunity” to address theconference this morning andsell her unity plan directly tod e l e g at e s ;
ý The Zuma camp rejected anoffer from the Mbeki camp thatgovernment policy chief andMbeki ally Joel Netshitenzhestand for the pivotal position ofsecretary-general unopposedwhile current secretary-generalKgalema Motlanthe stand forthe less powerful chairmanshipu n op p o s e d ;
ý Western Cape PremierEbrahim Rasool warned that ifMbeki did not win, the “disciplesof Jacob Zuma” would “makehis life hell” between now and2009;
ý The National ProsecutingAuthority alleged in its Co n -stitutional Court papers thatZuma had in fact received more
‘We remain opposed to thesubversion of ANC internaldemocracy for political expediency’
‘We are too delicately poised toafford a President who has to lookover his shoulder’
ý SeePages 4and 5
Picture: MUNTU VILAKAZI Picture: SIMPHIWE NKWALI
š
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Spare us the fussingover Zuma’s ejectionPage 6
KHAYA SITHOLE
President ’s hostilitiesmust be swiftly undonePage 7
Zimbabw eanopposition leaderTsvangirai diesMorgan Tsvangirai, the veteranZimbabwean oppositionleader who fought RobertMu gabe ’s regime formany years, died onWednesday aged 65 afterbattling cancer, a party officialsaid. Elias Mudzuri, one of thevice-presidents of theMovement for DemocraticChange, said on Twitter: “Asyou are aware that our MDC-Tpresident Dr Morgan RichardTsvangirai has not beenfeeling well for some time, it issad for me to announce thatwe have lost our icon andfighter for democracy. Ourthoughts and prayers arewith the family, the party andthe nation at this hour.”Tsv angirai ’s death wasconfirmed by another seniorparty member. /Ray Ndlovu
De Lille savoursjudge ’s decisionCape Town mayor Patricia deLille said on Wednesday shefelt vindicated after a judgeruled in her favour on theeve of a no-confidencevote. /Page 3
CPS stays involvedin grant paymentsNet1 subsidiary CashPaymaster Services (CPS) willcontinue to provide back-endbanking systems for theentire social grant distributionprocess until at least the endof September. /Page 3
Exxaro CEO disputesEskom claimsExxaro Resources CEO MxolisiMgojo has rejected claims byformer Eskom executives thatthe power utility had anestablished practice ofmaking prepayments for coalsupplies. /Page 2
Pricing: SA Airlinkheaded for tribunalPrivately owned regionalcarrier SA Airlink is toface prosecution after itspassengers on th eJohannesburg-Mthatha routeoverpaid about R100m overfive years, the CompetitionCommission said. /Page 2
Can Lions goall the way?Having lost in Super Rugbyfinals twice in a row, distinctopinions will naturally beformed around the Lions andtheir ability to go one better in2018. /Back Page
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Exclusive CEO todefend his nameExclusive Books CEO,Benjamin Trisk says heplans to defend his “nameand reputation”, followinghis suspension this weekby the Exclusive Booksboard pending theoutcome of a disciplinaryenquiry. /Page 9
PPC appointsClaassen as CEOPPC has appointed JohanClaassen as CEO andexecutive director of thecement group withimmediate effect. /Page 9
Emira upbeat ondividend growthEmira Property Fundindicated on Wednesdaysome signs of recoverysince decreasing itsdividend payout in its 2017financial year. /Page 10
Steinhoff sharesinks lowerThe share price ofSteinhoff Internationaldropped a further 2.22%to R5.28 on Wednesday,with shares in theembattled global retailerhaving now lost almost aquarter of its value so farin February. /Page 10
TV ads nearingend of the roadAdvertisers may be leavingTV for good. Televisionadvertising sales in the USfell 7.8% to $61.8bn in2017, the steepest dropoutside of a recession in atleast 20 years, while salesat cable networks slumpedfor the first time in almosta decade. /Page 11
Lactalis soldrecalled baby milkFrench retailers, defendingtheir role in acontaminated baby milkscandal on Wednesday,said they had receivedproducts after the recalldeadline and thatcommunication by dairyproducer Lactalis wasconfusing. /Page 11
Court stalls Foxbid for Sky21st Century Fox faces theprospect of another hurdlein its bid for Sky after a UKhigh court judge allowed alegal challenge to proceedover whether the pay-TVprovider would remain fitto hold a broadcastinglicence under the controlof billionaire RupertMurdoch. /Page 12
UK companies topay big increasesBritish workers are in linefor their biggest pay risessince 2008 as a higherminimum wage kicks in,according to a Bank ofEngland survey that islikely to fuel concernabout inflation among itspolicymakers. /Page 12
All bold figures are expressed as a percentage move
Zuma resigns• Ramaphosa now poised to take over
• Rand strengthens against dollar and euroNatasha Marrian, GenevieveQuintal, Theto Mahlakoanaand Claudi Mailovich
President Jacob Zuma hasr e s ig ne d .
Since he was fired as deputypresident in 2005, he has beenthe single most influential,divisive and controversialfigure in post-apartheid SouthAfrican politics.
ANC president CyrilRamaphosa is now poised totake over from Zuma, withouthis predecessor facing thehumiliation of a motion of noconfidence in Parliament,scheduled for Thursday.
The rand strengthened toR11.66 against the dollar whileZuma addressed the nation, butweakened marginally to aboutR11.70 by the time he finishedspeaking. The rand alsostrengthened against the euro,reaching a level of R14.50.
Zuma said he had served atthe behest of the ANC, that hestill believed he should beremoved via Parliamentaryprocesses, but that he wasresigning anyway.
Defiant to the end, he said hedid not fear a motion of noconfidence or impeachment, buthe did not want violence in hisname or to divide the ANC. “Imust accept that if my party and
my compatriots wish that Ibe removed from office, theymust exercise that right and doso in the manner prescribed bythe Constitution.
“I fear no motion of no con-fidence or impeachment, forthey are the lawful mechanismsfor the people of this beautifulcountry to remove their presi-de nt ,” he said.
Zuma said he did not fearleaving political office. “The ANCshould never be divided in myname, I have therefore come tothe decision to resign,” he saidin an address to the nation lateon Wednesday.
Zuma said he had served aspresident “in the prism” ofthe country’s “much acclaimedCo n s t it u t io n ”.
His address was televisednationally, drawing to a close histumultuous nine years in office.
Zuma stepped down afterpolitical parties in Parliamentagreed, in an unprecedentedfashion, to remove him in themotion of no confidence — a ndalso after the ANC took adecision to recall him fromoffice on Monday.
It has been a tumultuous 48hours for SA, with uncertainty
Genevieve Quintaland Stephan Hofstatter
The Directorate for PriorityCrime Investigation, known asthe Hawks, has called onone of the controversialGupta brothers, Atul, to handhimself in or face beingbranded a “f u g it iv e”.
Business Day understandsthat Atul Gupta’s lawyer hasbeen contacted by phone andSMS and told to ensure hisclient hands himself over.
This was evidently after thelawyer told the mediaearlier that none of the Guptashad been arrested.
“We called the lawyer andsaid ‘you bring that man, if youdo n ’t bring him you must knowthat he will be regarded as af u g it iv e’,” a reliable source said.
Last month, the NationalProsecuting Authority placedthe Guptas at the heart of a
R 220 mthe amountinvolved inthe FreeSt atedairy -farm‘sw indle ’
SA MINING ASSET
South Deep mine drains Gold Fields
Atul Gupta must come inor be a fugitive — Haw k s
SAXONWOLD RAID
conspiracy to “s w i nd le”R220m from the Free State,which was meant for emergingblack dairy farmers.
The Asset Forfeiture Unitapproached the High Court inBloemfontein for a preserva-tion order to seize the farm andgovernment grants worthR220m, allegedly funnelled toGupta-linked companies.
On Wednesday morning,the Hawks raided the Guptaf a m i ly ’s Saxonwold compoundin Johannesburg and severalother properties in connectionwith its investigation into thedairy farm.
Hawks spokesman BrigHangwani Mulaudzi said thatfive people connected to thedairy farm project were arrest-ed and would appear in theBloemfontein Magistrate’sCourt on Thursday.
Two other people weremeant to hand themselves over
to the Hawks at 2pm onWednesday, but did not.
Mulaudzi said one of themhad contacted the Hawks andwould hand themselves over inBloemfontein on Thursday.
“The other one is still quiet.So if you are still quiet then ofcourse the law will have to takeits course,” he said.
Mulaudzi would not con-firm who the five suspectswere. However, Business Dayunderstands they includeKamal Vasram, an IT sales-man at the Guptas’ Sa h a r aComputers who ran the dairyproject through his companyEstina; former Free Stateagriculture department head ofdepartment Peter Thabethe andhis former chief financial officerSeipati Dlamini, who bothserved under Mosebenzi
Figures at 8pm SA time
Continued on Page 2More reports: Pages 3 and 5Opinion: Page 7
Hawks swoop: Police close off roads around the home of the Gupta family, friends of President Jacob Zuma, inJohannesburg, on Wednesday. Raids, targeting properties owned by the family and its associates, are linked to aHawks investigation of the controversial Vrede dairy farm project. /Reu ters
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02618
Out Today
Allan SeccombeResources Writer
The blot on the Gold Fieldslandscape remains its soleremaining asset in SA, the SouthDeep mine, which has absorbedR29bn so far and has little toshow for it, leaving the inter-national assets to generate cashfor the group in 2017.
Gold Fields is pouring mil-lions of dollars into Australia,Ghana and Chile to replace andgrow its gold ounces as it
continues to struggle to bring theSouth Deep mine to account inthe first year of a R2.3bn, six-year plan to bring the mine tosteady-state production of480,000oz in 2022.
Gold Fields on Wednesdayrevised the final target downfrom the 497,000oz released inMarch 2017 when CEO NickHolland unveiled the plan.
The frustration Holland feltwith South Deep and theinevitable flood of questionsabout the mine were clear at
a full-year results presentation.Citi analyst Johan Steyn pressedHolland on how many heads ofoperations had left South Deepover the past eight years.
Steyn suggested it was thisrapid turnover of five or moreleaders that had led to the unset-tled nature of leadership andwhich was contributing to dif-f ic u lt ie s , a point Holland conced-ed was unsatisfactory. Hollandalso rowed back from expecta-
R 29 bnthe amountabsorbed bythe SouthDeep mineso far
Continued on Page 2In-Depth: Page 5
Continued on Page 2
30the numberof dayswithin whicha newpresident hasto be electedby theNati o n a lAsse m b ly
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