– Business must be ‘outspoken’ about the high cost of state failures

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Sibanye-Stillwater CEO Neal Froneman has come out swinging on the subject of state failure and rampant crime.

in an interview on Tuesday on the sidelines of the Mining Indaba in Cape Town that the anti-crime initiatives that business is partnering with the government on are just treating the “symptoms” and not the underlying cause.

“What underpins these failures is the ideology of state control. Business and civil society must be a lot more outspoken about this.” Copper cable theft cost the company over R93-million last year directly from 1,977 incidents. That figure does not include production losses.“As a work stream, it’s going well but it’s taken six to seven months just to put structure in place and get organised. I don’t think you will see any visible results for a while because the wheels of justice grind very slowly. But I have to be positive about it, we will make a difference.

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