Murder shuts down Richard’s Bay Minerals, deters more investment

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Silhouette of workers in mine. Picture: Archive
Silhouette of workers in mine. Picture: Archive

BUSINESS

The instability in KwaZulu-Natal’s Richard’s Bay area –where avarice for tenders and jobs has led to a wave of violence – could batter the country’s image in the eyes of investors.

The world’s largest mining company, Rio Tinto, has been forced to stop its operations and declare a force majeure. This may render the province a pariah to foreign investors as the company prepares to pack up and go should a solution not be found.

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