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...