CCC continental coal limited

sucked in , page-6

  1. 11,779 Posts.
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    You're not alone Woodford1, IMO, South Africa has turned into a scam by black empowerment movements for ripping off shareholders and taking possession of mines, just like they did with the farms, only more strategic. I was a shareholder of PLA and then all the strikes, bans, blackmail and demands by the BEE union got too much for me. PLA tried to get rid of the BEE unionised contractor and then things got nasty -> highjacks, murder, locals to scared to work there, etc. Now PLA has gone into admin - its mines to be handed over to BEE. Who's next? In the end management just have no choice. Maybe CCC is different, but for me South Africa is a no-go zone.

    http://www.youtube.com/watch?v=XJ_15m7nrLo
 
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