THE OFFICIAL STUDENT NEWSPAPER OF THE UNIVERSITY OF CAPE TOWN
25 August 2015
VOLUME 74: EDITION 9
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Remember Marikana
IN THIS ISSUE
Aisha Abdool Karim & Robyn Ausmeier with research by Megon Venter
F
rom August 17th to August 21st, a number of events were held on campus to commemorate the third anniversary of the Marikana massacre, where 34 mineworkers were killed by police on August 16th 2012. These events were hosted by different forums and societies to discuss issues around the mistreatment of workers in Marikana and to contest UCT’s involvement with Lonmin Platinum Mines, the company for which many of the slain miners worked. In response to the revelation that UCT has investments with Lonmin, members of Rhodes Must Fall (RMF) took action to hold the University accountable and demand transparency from management on the matter. RMF made three demands to the University in a press conference held in Molly Blackburn Hall on Tuesday, August 18th, and reiterated these calls in various talks as well as in their Marikana Campaign Memorandum. The first demand was that UCT provide a detailed outline of their financial relationship with the mining industry, particularly Lonmin, including specific information regarding donations given to the University by the mining company. Secondly, they have called for Judge Ian Farlam to be removed from the University Council due to his involvement in the Marikana Commission, which the movement says creates a conflict of interest, as Farlam was unable to hold those in power accountable for the massacre. The third demand is that Jameson Hall be renamed to Marikana Memorial Hall. Patricia Lucas, Manager of UCT Communications and Media Liaison Department released a statement on Friday, August 21st, in response to the RMF statement on Judge Farlam and his potential conflict of interest with Lonmin. The statement details the three different types of investment funds that relate to UCT: the UCT Retirement Fund (UCTRF), the UCT Foundation Trust, and UCT investments. The statement from management noted that trustees handle the investments for the Retirement Fund, and these are made independently of the University Council. As per the Pension Funds Act, the UCTRF is a separate legal entity and, as such, the Council, and Judge Farlam, has no input or oversight over the investments made within the fund. Furthermore, trustees have allocated portions of the
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Image: Kristy Macnab fund to various asset and portfolio management companies, who in turn invest the money to earn a return. This means that the possibility of any money from the UCTRF being used to buy shares in a company is done without the Council’s knowledge or input.
UCT should disassociate itself from the report and take a firm stance The Foundation Trust is also a separate entity and the trustees determine all investments. Currently, 0.13% of the endowment portfolio is comprised of Lonmin shares, but these investments are, again, done without oversight from the Council. Lastly, UCT has investments that are managed by the University Council. These investments include a small equity portfolio managed by Allan Gray, an investment management company, which contains no Lonmin shares. In another statement released by Lucas on August 17th, she confirmed that UCT was “invested in the resources sector, including in Lonmin”. The Joint Investment Committee in line with the university’s investment policy manages this investment. During a panel discussion held at UCT on Wednesday, August 19th, the speakers raised their concerns around UCT’s connection with Lonmin. UCT student, Alex Hotz mentioned that the University received a donation from Lonmin to help fund the New Engineering Building, with the
company’s name appearing alongside others on a plaque in the building. Furthermore, Lonmin was involved in funding the EBE Graduation Ball. Addressing the issue of Judge Farlam’s position at the University, Professor Andrew Nash, from the Department of Political Studies, spoke about the lack of justice provided to the people of Marikana by the Farlam Commission. He also noted that the report missed crucial information and failed to properly address the grievances of the workers. Although the University argued that Judge Farlam was not working on the report in his capacity as a UCT Council member, Nash commented that he is nonetheless associated with UCT and in a position of trust. Nash argued that UCT should disassociate itself from the report and take a firm stance against the mistreatment of workers in Marikana. On Thursday, August 20th, the RMF organised a protest march from Bremner Building to Upper Campus, where speakers had been arranged to address the students. Among these speakers was Joseph Mathunjwa, head of the Association of Mineworkers and Construction Union (AMCU). Mathunjwa highlighted the continuing exploitation of mineworkers in South Africa and said, “We have seen the individual getting richer and richer at the expense of their black brothers”. Furthermore, he said that it is necessary for South Africans to liberate themselves and to place their country and Africa above their political party. Other events which took place on campus during the week included a screening of the documentary ‘Miners
Shot Down’, which provides an indepth view of the Marikana massacre and events leading up to it, and a talk by Dumisa Ntsebeza, one of the lawyers for the workers who were killed. Ntsebeza addressed the shortcomings of the Farlam Commission, which he stated “silenced the voices of the injured and the dead”. Ntsebeza also highlighted inconsistencies in police reports and the inadequacy of the Commission’s findings.
speakers raised their concerns around UCT’s connection with Lonmin Members of the Tokolos Stencil Collective chose to make a public statement by spray painting stencils across UCT. The locations were chosen “for their specific symbolic meaning as well as to achieve maximum impact”. The Collective chose to make this statement at UCT this year after finding out about investments in Lonmin through UCT’s financial and governance documents and wanted it to coincide with the anniversary of Marikana. Some of the stencils used by Tokolos refer to Max Price, ViceChancellor of UCT, as they feel Price, and UCT, “can force those who do conduct the investments to invest more responsibly”. They said that the primary objective behind their actions was to ensure that all information about UCT’s investments became public and the stencils used at UCT were selected to draw attention to this message.
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