|aStealing Africa|h[videorecording] /|cdirector Christoffer Guldbrandsen, producer Henrik Veileborg.
|aTaipei :|bYu Shiu,|c2013.
|a1 DVD-video (52 min.) :|bsd., col., ;|c4 3/4 in.
|aCommercially released off-air recording from ABC2, broadcast on November 28, 2012.
|aAccess limited to La Trobe University staff and students.
|aA Guldbrandsen Film production. Director Christoffer Guldbrandsen. Producer Henrik Veileborg.
|aIn Stealing Africa, director Christoffer Guldbrandsen tells the story of global trade and corruption in Zambia where money and natural resources have ended up in the hands of the wealthy. In a sleepy village in Switzerland, the wealthy residents are receiving more tax revenue than they can use. This is thanks to one resident: Ivan Glasenberg, CEO of Glencore, whose copper mines in Zambia have done little to help the local people. Zambia has the third largest copper reserves in the world, but 60% of the population live on less than|1 a day and 80% are unemployed. Now a public company, Glencore's predecessor company was founded by Marc Rich, a highly controversial and ruthless American businessman who fled US justice in 1984. Along with its co-investors, the company successfully negotiated a royalty rate of 0.6% with the then Zambian administration - the lowest royalty rate in Africa. These terms, which the now-disgraced former minister for mines involved in the sell-off refused to discuss, leave Zambia out of pocket from the exploitation of its own resources. Stealing Africa shows how neither the law nor morals determine the level of tax that investors pay in Africa - it's more a case of whatever those in business can get away with.