HILARY JOFFE: Why the commodities boom has not lured investment
The muted investment response is not exclusive to SA, but the country erects its own absurd barriers
14 August 2022 - 16:04
While commodity prices have been booming, SA’s mining tonnages have been sliding, with the latest figures showing the output of the mining sector declined for a fifth consecutive month in June. At its current level the sector’s output is not just below pre-Covid levels — it’s hardly better than in 2015.
The numbers confirm the picture highlighted by Minerals Council chief economist Henk Langenhoven, who points to the stark contrast between the industry’s financial performance and its real economy performance...
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