SA was placed 74th out of 104 global mining jurisdictions in a Fraser Institute survey. It was overtaken by countries such as the Democratic Republic of Congo, while Zambia romped back into the top 50, as SA’s regulatory uncertainty and labour issues continued to weigh on perceptions about the country. Perceptions of SA worsened in 2016 in a survey sent to 2,700 mining managers and executives across the world. SA had risen to 66th out of 109 a year earlier. The country has been mired in regulatory uncertainty since 2012 when amendments were drafted to the Mineral and Petroleum Resources Development Act. They are yet to be finalised. The third iteration of the Mining Charter has drawn fierce criticism from the mining sector. Mineral Resources Minister Mosebenzi Zwane said in February the charter would be gazetted by the end of March and finalised before June. "On policy perception alone, ignoring geology, SA now ranks as the third-least attractive mining jurisdiction in Africa, follo...
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