Selling miners down the Zwane river
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Bruce’s List: A guide to informed reads.What is wrong with mining minister Mosebenzi Zwane? Dozens of international and local mining executives assemble in Cape Town for the annual Mining Indaba. Zwane is invited to give the opening address. Now mining is still the single most important industrial or economic activity in SA. It is the one and only reason there is any money in this country at all. It is the one industry which, well-run and consistently regulated, could offer SA prosperity whichever direction we may choose to grow in the future.All Zwane had to do on Monday was to assure the investors who had taken the trouble to come and listen to him that government would be a strong but firm partner, that legislation would be transparent and fair and reasonable and recognise that it is them, the investors, who put their money at risk in our mines. But not this guy. Not Zwane. He had nothing new to say to the miners and there’s a very simple explanation for that. His agenda as minis...
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