Finweek English Edition - - IN BRIEF -

De­spite the min­ing in­dus­try los­ing 62 000 jobs last year, Mosebenzi Zwane, min­is­ter of min­eral re­sources, splurged more than R1.3m on a new Mercedes-Benz S400 – in breach of Na­tional Trea­sury’s cap of R750 000 for new min­is­te­rial ve­hi­cles. Not to be out­done, his deputy min­is­ter, God­frey Oliphant, opted for a Porsche Cayenne, which also costs north of R1m. “The DA be­lieves both min­is­ters should ex­plain to the peo­ple of SA why they de­serve such lux­ury and sug­gests they spend more time fix­ing the fail­ing in­dus­try rather than cruis­ing car show­rooms to find the os­ten­ta­tious ve­hi­cles that they pre­fer,” DA shadow min­is­ter James Lorimer said.

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