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Govt wants local head for Anglo SA Posted: Tue, 06 Feb 2007 [miningmx.com] -- THE South African government will not dictate to Anglo American who should take the head of the local division, but it would like to see a South African in the position, mines minister Buyelwa Sonjica said on Tuesday. Philip Baum heads Anglo South Africa, which houses 42% of the world’s third largest mining company’s assets, in an acting capacity. The former CEO, Lazarus Zim stepped down early last year to pursue his own empowerment ventures. There was a feeling that his position was largely a token one, with the real decision making resting with the overwhelmingly white board of directors in London. “We would like to see a South African appointed, but we can’t dictate to Anglo American. They have the right to consider anyone,” Sonjica told Miningmx on the sidelines of the Mining Indaba in Cape Town. “We are not saying just any South African, but a competent South African and we believe we do have that capacity,” she said. She stopped short of saying it should be a black person, but pointed out equity appointments were governed by law. “If companies feel their senior management is well represented in terms of the demographics of the country then we’ve got no leg to stand on. But if not, we’d like to see representivity in those senior appointments,” Sonjica said. Click Here to
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