The three things SA needs to get right to open floodgates of mining investment
Concentrated, overregulated asset management industry discourages flow of money into small companies
While there is consensus that a thriving exploration and junior mining industry is a vital component of any sustainable mining sector, and despite claims of an outbreak of regulatory certainty, large question marks still hang over the prospects for junior mining and exploration in SA. And with good reason.
S&P data show that SA’s relative share of Africa’s exploration budgets crashed from 35% in 2002 to 8% in 2018. Interestingly, this is the period in which the Mineral & Petroleum Resources Development Act has existed and provided the industry with its first three mining charters. Five other African countries now attract more exploration investment than SA: the Democratic Republic of Congo, Burkina Faso, Ghana, Ivory Coast and Mali...
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