SA’s mining sector rises up the rankings
Government’s commitment and efforts to bring about policy certainty and attract much-needed investment bear fruit in the Fraser Institute survey
The 2018 Fraser Institute annual survey of mining companies — now in its 21st year — is a strong indicator that the government’s commitment and efforts over the past 12 months to bring about policy certainty and attract much-needed investment to the economy are beginning to bear fruit. In 2017 the institute intimated that SA was unattractive due to regulatory and policy uncertainty, when it could have been among the top countries in the world. Since assuming power President Cyril Ramaphosa has emphasised economic growth with a specific focus on policy certainty, especially in those sectors that would boost economic growth.
Uppermost for the mineral resources ministry, therefore, with mining integral to economic growth and development, was regulatory and policy certainty in the industry. The regulatory framework governing the sector must be clear and uncontested and must not create doubt among roleplayers. The Mining Charter arose and was concluded with this worldview in mind. ...