Mining houses bleed South Africa of profits.: An article from: Multinational Monitor

This digital document is an article from Multinational Monitor, published by Essential Information, Inc. on May 1, 1994. The length of the article is 958 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Southern African Economic Research Unit (SAERU) claims that transfer pricing of platinum and other minerals have resulted in the massive flight of capital from South Africa. SAERU's Peter Robbin's thesis is that the transfer of profits is done by pricing minerals below their market price with the difference padded by the sellers' commission. A total of $3 billion of capital left South Africa in the second half of 1993 and $1.2 billion in 1st qtr of 1994.

Citation Details
Title: Mining houses bleed South Africa of profits.
Author: Patrick Bond
Publication:Multinational Monitor (Refereed)
Date: May 1, 1994
Publisher: Essential Information, Inc.
Volume: v15 Issue: n5 Page: p20(1)

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