SA squanders opportunity to raise investor cash

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President Cyril Ramaphosa, mineral resources and energy minister Gwede Mantashe, former president Kgalema Motlanthe at the African Mining Indaba 2022. Photo: GCIS
President Cyril Ramaphosa, mineral resources and energy minister Gwede Mantashe, former president Kgalema Motlanthe at the African Mining Indaba 2022. Photo: GCIS

BUSINESS

President Cyril Ramaphosa and Mineral Resources and Energy Minister Gwede Mantashe squandered an opportunity at this week’s African Mining Indaba in Cape Town to persuade investors to put their money into the South African mining industry, said mining expert and director of Mergence Corporate Solutions Peter Major.

He added that, while Ramaphosa had mentioned some issues, he had not discussed them in enough detail, and Mantashe had failed to even mention the relevant policies or the events in the country’s mining industry, including the strike by members of the Association of Mineworkers and Construction Union and the National Union of Mineworkers at Sibanye-Stillwater mines, which he had failed to resolve. The strike has now entered its third month.

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