It seems the government would rather have some in the elite be BEE winners than SA be solvent
28 November 2021 - 19:42
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Has anyone in the government noted the fall in gold production over the past 30 years in SA? Without investment in new mines, shafts and so on, this will be the story of other commodities as well.
Windfall tax revenue from mining saved our budget this year. It seems the government would rather have some in the elite be BEE winners than the country be solvent.
It needs to start focusing on growing the pie by stopping focusing on getting a larger slice for fat cats by fiat.
Greg Becker Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: State must grow the mining pie
It seems the government would rather have some in the elite be BEE winners than SA be solvent
Your editorial opinion refers (“Government digs in and finds a way to effect Mining Charter”, November 26).
Has anyone in the government noted the fall in gold production over the past 30 years in SA? Without investment in new mines, shafts and so on, this will be the story of other commodities as well.
Windfall tax revenue from mining saved our budget this year. It seems the government would rather have some in the elite be BEE winners than the country be solvent.
It needs to start focusing on growing the pie by stopping focusing on getting a larger slice for fat cats by fiat.
Greg Becker
Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
EDITORIAL: Government digs in and finds a way to effect mining charter
LETTER: SA mining’s twitching corpse
Department makes moves to sidestep ruling on Mining Charter
STUART THEOBALD: Policy digs us into a hole instead of helping SA mine private investment
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