For a certain poster who need a business lesson, lets start with...

For a certain poster who need a business lesson, lets start with Subsidiary Companies.

Subsidiary Company
A company that is controlled by another. A subsidiary company operates under the control of a parent or holding company, which may have a majority on the subsidiary's board of directors, or a majority shareholding in the subsidiary—giving it majority voting rights—or it may be named in a contract as having control of the subsidiary. If all of the stock in a company is owned by its parent, it is known as a wholly-owned subsidiary. A subsidiary that is located in a different country from the parent is a foreign subsidiary company.



CCC Company Structure
CCC is the parent entity and has full operational and Financial Control over the projects and activities of;
CCL which is the South African Subsidiary (74% owned by CCC). SIOC-cdt, our BBBEE partner (26%) as required under legislation in South Africa.
Because CCL is only 74% owned by CCC, then CCL is not a wholly-owned subsidiary.

Connie Molusi was appointed to the Board of CCC to assist with the running of CCC and to protect SIOC-cdt's interests. CCC as the majority shareholder in CCL controls the activities in South Africa.
CCL operates the mines in South Africa as a subsidiary company and as required under legislation. It has the local contracts and employs the subcontractors.

It really is no different to how a Resolute a Kingsgate, a Perseus or even a Pan Aust operates in the countries they operate in.

Are the stars aligned, or you can't see the stars for the jungle of misinformation?