Bloomberg reported South Africa’s President Jacob Zuma rejected criticism that his handling of the most lethal police action since the end of apartheid will hurt investor confidence in Lonmin (LSE:LMI).
As quoted in the market news:
In his first television interview on the shooting and killing of 34 mineworkers during an illegal strike at Lonmin Plc’s Marikana mine on Aug. 16, Zuma told Bloomberg TV that he has taken decisive steps to show that his government is in control. Those include creating a judicial inquiry and a committee of cabinet ministers to investigate the incident, he said. Zuma said he won’t fire his police commissioner.