If SA is open for business, why are we putting up roadblocks for mining investors?
Mining sector needs a pragmatic approach to attract development investment and stimulate mergers and acquisitions
Until the election of Cyril Ramaphosa as the leader of the ANC at its December 2017 conference, the government’s clarion call that “SA is open for business” was becoming hackneyed and hollow. Ramaphosa’s election added fresh optimism, and when the same call was made at the World Economic Forum in Davos in January, it was greeted with greater interest and far less scepticism than in the past. However, since Davos and the announcement of the process to expropriate land without compensation, the initial optimism has been steadily waning. One cannot merely pay lip service to the “SA is open for business” refrain and expect investors to flock to the country. Rectifying plans must be put in place and hurdles to doing business must be removed. This is particularly so with regards to the mining industry, which has been beset with problems for many years and which is in desperate need of a fresh, pragmatic approach to attract development investment and stimulate mergers and acquisitions (M&A...
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