ntiki

i welcome the decision taken by both parties because the people of molekana will be siting on the minerals under them doing nothing about that,big ups to anglo platinum.
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somaartakeit

ONLY 2mil? they shld have gone to the UK or the USA to sue thsi company from there cause those who did that had reasonable settlement, 2mil is a further insult to their grief of being forcefully removed, but soon they will realise this is nothing, by then it wld be too late,
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Senganga247

I'm of the opinion that having a stake in the mine is more beneficial than taking cash. This community should have sort out their differences and went for shares which would benefit also their future generations.

Bafokeng tribe has become the richest tribe in Africa because they chose to have a stake in the mines and they are still benefiting.

These mines are going to make billions using the communities land incomparison to peanuts that they gave this community.
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SAMETHING

Thats nothing!Our people need more than that we require a stake in the mines.For us @ Mothlotlo- Rooibook & Armonde we are gunning for a share's .The fact is after Anglo-Platinum have done excavating our land it wld no long be viable for the cultivation purpose.
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Thasmizo

This is what Juju fought for but my people rather settle for cents than possession the land is theirs they should have paid fees starting 1969 till today but our gov is ran by bunch of idiots they will never do what is right
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maditaba

R2mil fela. Le jelwe maan
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MommaC

So it is actually 2 million to the 69 members, 4.3 million to the community, a community centre and internet cafes as well as incorporation into the mine's social and labour programmes

That sounds fair.
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Tasto

R2million and few amenities with out ownership\shares from the mining company ? When will ppl learn ?
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Senganga247

MommaC
So it is actually 2 million to the 69 members, 4.3 million to the community, a community centre and internet cafes as well as incorporation into the mine's social and labour programmes

That sounds fair.
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No ways. This is nothing compared to the billions that these mines will make. This community was blinded by the peanuts in the form of cash and the promises which might not come to pass. Imagine if they got a significant number of shares in the mine. Financial intelligence is important.
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MommaC

Senganga247

I agree that the Bafokeng had a better system but if this community is divided on how to do things AND they don't all want the land then selling it is the obvious solution. The amount they received is more than the land itself is worth and the benefits ensure that not only 69 people are going to benefit.
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Budapat

"This includes payment of rent by the mine to the community, incorporating the community into the mine's social and labour programmes, a community centre and Internet cafés. The mine will also make a payment of R4.3-million to the community." fair deal, wish I was claimant too!!
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Senganga247

@MommaC,

Due to the mineral resources underneath the ground the value of the land has changed dramatically. I doubt there was a person that educated the community in a simpler way how they were to benefit if they decided to have a stake in the mine. Probably somebody convinced them to take the cash and that person might have benefited as this is in the mines favour.

Many people who understand economics would have considered shareholding. I still believe on their differences they could have met on a common ground.

They gave this community a pain killer instead of an antibiotic.




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MommaC

Senganga247

The land value actually decreases if there is minerals under it. Don't forget that the land owner doesn't own the mineral rights. The state owns all mineral rights.

Read the story again, This was their decision due to infighting. The mine will still pay them rent as well as the other benefits so this is a long term solution. It also probably protects them best as, if the YL get their way, they would not suffer if nationalisation took place
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Papage

I suspect somone from the Government got a big slice here, how can you settle for only R2 million, someone is taking this community for granded, what is R52 Thousand for each household, nothing, the community must re-visit this, Go nkga legotlo.
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The-Rothschilds

Well done to all parties
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Ngelethu

This is nothing they should have leased the land ,and the company was going to pay rental as divided to each household involved,so as to benefit generations to generations to come That was a chance for these households to eradicate poverty from their households and to generations to come. what is R54,650. the company has made millions for decades now it give only 2m. even if the money is little the decision taken by people of molekana with due respect to them is most misinformed one. They have waived their right to benefit from minerals found on their land. This sad news for us. money is water. Dont sell land land is power Pliz work up.




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MommaC

I don't know why they bother writing articles as nobody seems to be able to read.

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DimaaneZB

Most Mines do 250 000 onces per annum. An ounce is selling at R11934. Therefore they make atotal revenue of R3 billion per annum. The offer was a daylight robbery for their entitlement. Sies! That R54 000 is a once off payment for the rest of their life. They are making R 248 million a month and about R10 million a day.
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MommaC

DimaaneZB

Are you also unable to read?
You also don't seem too good with math. The concept of operational costs just completely eludes you
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WarrenG

Excellent, now get some business going, put your heads together and make it happen!
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