for subscribers

Trumpism could boost Africa mining - analysts

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town – Global uncertainty following Brexit and the election of US President Donald Trump could have favourable spin-offs for mining in Africa, says Morné van der Merwe of global law firm Baker McKenzie Corporate. 

The conflicting views of the West (Trump’s protectionist utterances) and the East (China’s plea for economic globalisation) could well present an opportunity for Africa.

“Although there is continued insecurity in the South African mining industry as a result of persistent regulatory insecurity, labour unrest and inadequate infrastructure, the different global headwinds could potentially drive foreign direct investment in the mining sector in Africa and the development of infrastructure in particular,” he says.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.16
(+0.11)
ZAR/GBP
20.59
(-0.05)
ZAR/EUR
18.30
(+0.01)
ZAR/AUD
11.68
(-0.61)
ZAR/JPY
0.15
(+0.02)
Gold
1828.12
(+0.05)
Silver
24.75
(+0.09)
Platinum
1070.99
(+0.29)
Brent Crude
54.89
(-2.34)
Palladium
2377.00
(+0.59)
All Share
63549.75
(-0.52)
Top 40
58446.35
(-0.49)
Financial 15
11916.89
(+0.01)
Industrial 25
83811.01
(+0.08)
Resource 10
63855.25
(-1.46)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 652 votes
No, I did not.
51% - 1616 votes
My landlord refused
28% - 875 votes
Vote