Subject: File No. S7-42-10 - Comment from Lauretta Ngcobo

February 9, 2012

Dear SEC Commissioners,

Please do not give in to industry pressures on Section 1504 of the Dodd-Frank Act (the Cardin-Lugar Amendment) - and make sure that ALL companies are covered, every country and every project gets reported, and loopholes that would allow large sums of money to go unreported are closed.

My Comment:

Let Africans enjoy the benefits of what God has given to them in natural resources. Africans would like to share these bounties equatable with other people of the world. As things stand, they do not get their fare share as they are robbed by unscrupulous politicians and business people. Your action will assist greatly in this regard. We thank you!

Lauretta Ngcobo