Policy uncertainty dominates Mining Indaba
SABC – Policy uncertainty has continued to dominate discussions at the Joburg Mining Indaba. Delegates heard that South Africa is a no go area for investments in the mining sector as a result of the uncertainty in the regulatory environment.
Lack of community consultation gives lie to ANC’s populist rhetoric
Business Live – Policies and legislation entrench and enable deep and historical inequality of the past to continue into future.
Roger Baxter: Why SA mining execs boycotted Zwane’s Jhb Indaba banquet
BizNews – The 28 council members at South Africa’s Chamber of Mines made a very public statement against mining minister Mosebenzi Zwane – all of them boycotted the Joburg Indaba banquet where he was guest of honour.
Chamber of Mines opens up about Zwane misgivings
Fin24 – The Chamber of Mines has clarified the reasons behind its decision not to attend the Joburg Indaba dinner, where Mines Minister Mosebenzi Zwane was the guest speaker.
Chamber of Mines: It’s impossible to talk to Zwane
Daily Maverick – As the battle over the third Mining Charter continues, the Chamber of Mines is directly criticising Mineral Resources Minister Mosebenzi Zwane who, despite his public pronouncements, appears to have no appetite for a negotiated settlement.
SA must reopen talks on mine rules, ANC treasurer says
Business Report – South Africa’s government should reopen negotiations with the mining industry on much-criticized new rules rather than rely on the courts to resolve disputes, said African National Congress Treasurer-General Zweli Mkhize
Radical education key to avoiding radical economic destruction
Fin24 – If economic transformation is to be realised, SA needs to keep the rating agencies on its side. It is also crucial to strengthen local development finance institutions and to revamp our failing education and training system, says Nicholas Biekpe.
SA mining surges into R17bn profit, but dividends fall a quarter
Miningmx – The South African mining industry staged a modest recovery during 2017 with the 25 companies covered in the annual survey carried out by accounting firm PwC reporting an overall net profit of R17bn compared with an overall loss of R46bn for 2016.
How does the mining industry in South Africa attract investment?
Mining Review – I strongly believe mining in South Africa still has a great future. We still employ 460 000 people and touch lots of families who depend on these 460 000 employees.
Confidence crippled as policy flops cause crisis
Business Day – Key governance and policy challenges in SA have eroded business and investor confidence.