Lonmin stalls release of financial records during Marikana violence

2014-10-09 08:54

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Lonmin Platinum has delayed the release of a report that will show what the company’s financial position was during the violent wage-related unrest at its Rustenburg operations in August 2012.

The report was compiled by research and analysis organisation Alternative Information and Development Centre, Business Day reported today.

Among other things, the report would deal with whether Lonmin had used Bermuda’s tax-haven status to maximise profit and keep it away from the demands of its employees and the South African Revenue Service.

Yesterday, a press briefing arranged by the centre and intended to discuss the report as well as the Farlam Commission of Inquiry, which is probing the deadly unrest, was cancelled by court order.

This was after Lonmin and the centre reached an agreement.

The agreement was that the report would not be released without two days’ notice, the centre’s director Brian Ashley told the paper.

This notice could also be subject to court proceedings.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.