GRACELIN BASKARAN: Without stents, mining industry is headed for a heart attack
Key blockages should be removed to repair its fading power of attraction
09 February 2023 - 05:00
Perhaps it will make you chuckle as it did me: at the African Mining Indaba this week mineral resources & energy minister Gwede Mantashe urged mining investors to come to SA as load-shedding would be over within 12 months.
Recall that load-shedding started 16 years ago. No investor in his or her right mind would invest a lot of capital in the mining sector based on Mantashe’s word that this will suddenly change. He said himself that rolling power outages are costing SA a whopping $1bn a day. In 2022, there were 200 days of load-shedding, and this year is set to be even worse...
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