INVESTMENT
Cyril Ramaphosa and Gwede Mantashe out to woo mining indaba
Ramaphosa and mineral resources minister Gwede Mantashe will have an audience of about 6,000 delegates gathering in Cape Town
As an indication of the seriousness with which President Cyril Ramaphosa is taking the hunt for investment, he will be the first sitting SA president to address the mining indaba in Cape Town this week. Policy stability and investment attractiveness are likely to be the two messages delivered on Tuesday afternoon by Ramaphosa, who has been in office for a year, after inheriting a government rotten with corruption and years of underperformance. This has stifled the economy, contributing to a third of adults being unemployed. Mining in SA has for years had to contend with high costs, labour unrest and regulatory uncertainty, with the resultant job losses pushing employment in the industry down to 450,000, from more than 500,000 a decade ago. Ramaphosa and mineral resources minister Gwede Mantashe will have an audience of about 6,000 delegates gathering in Cape Town. They will have until Thursday, the day the president delivers his state of the nation address, to persuade international...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.