The mining industry, which is by far the most active participant in President Cyril Ramaphosa’s investment drive over the past three years, is again waving its arms. But in the words of poet Stevie Smith: “Not waving, drowning”.

The mineral resources sector has invested R64bn in mines and beneficiation over the past two years, Ramaphosa said at his most recent investment conference, which he holds up as a scoreboard of success, but which should really be seen as more of a comfort blanket of companies appearing to buy into his vision of the country...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now