Another red flag has been raised about the consequences of the continuing regulatory uncertainty in SA, which has left the industry and the Department of Mineral Resources at loggerheads and preparing for a bruising fight in court in December. SA, which should be one of the world’s mining investment magnets, has fallen out of favour. An executive recently travelled to London to raise capital for a mining project but was told in no uncertain terms not to waste the time of financial houses by asking for money to invest in SA, which is seen as a high-risk environment and unattractive. A note from Fitch Group’s BMI Research on Monday added to the growing chorus about the consequences of bad regulation and uncertainty about the rules governing mining in SA. The BMI note drew on research done on sub-Saharan Africa, but singled out SA and Tanzania as two examples of regulatory uncertainty."Sub-Saharan Africa’s mining sector will remain the riskiest in the world in the coming years as a ser...

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