COSATU seems to despise capitalists, but does that stop them from becoming capitalists themselves?
Cosatu's joint venture with Indian mining parastatal trumpeted as true empowerment
India's largest iron ore producer, the government-owned National Mineral Development Corporation (NMDC), has joined forces with Cosatu's investment arm in a bid to exploit mining opportunities in South Africa, the two companies announced last week.
The deal with Kopano Ke Matla Investment Company, which is fully owned by Cosatu, has been 18 months in the making, Kopano chief executive Collin Matjila told journalists recently.
full story from M&G here