LETTER: Ghana just the first to beat SA
It will take foresight to make the country investor-friendly again
Now that Ghana has overtaken SA in the production of gold because of its lower-cost mines and more investor-friendly policies, it remains to be seen which other African countries will outstrip us. Globally, we are no longer among the top five producers, in fact, we are now eighth.
With the SA unions’ strategy of navigating management and workers into positions of stalemate, we may eventually not be a competitor in world markets at all. Corporate taxes were cut in Ghana, but SA cannot afford to do the same because of its ruinous policies — and of course the theft and corruption that has almost crippled our country and left the coffers bare...
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