Decreasing investment protection
[Source: Daily Maverick by Ramabina Mahapa.]
It is not just the government that has failed. Mining companies have usurped land belonging to rural communities without due regard for their property rights. Read more
[Source: Bloomberg by Amogelang Mbatha & Paul Vecchiatto.]
South Africa’s biggest labor group staged a nationwide protest against job losses Wednesday, the latest setback for an economy reeling from four days of rolling power cuts. The rand fell the most against the dollar among major currencies. Read more
[Source: Sowetan Live.]
South Africa’s government faces a tough balancing act as it tries to attract foreign investors into the key mining sector while also pledging to seize land without paying compensation. Read more
[Source: Stuttgarter Zeitung.]
Durch die Aussagen des „Whistleblowers“ Angelo Agrizzi tun sich immer tiefere Korruptionsabgründe in Südafrika auf. Dabei war schon vorher klar, dass das Land ein Problem mit Schmiergeldern und verkaufter Macht hat. Read more
[Source: Moneyweb by Patrick Cairns.]
Speaking on the sidelines of the Investing in African Mining Indaba this week, President Cyril Ramaphosa acknowledged that government missteps had hurt the development of the local mining industry. At an event hosted by ENSafrica, he said this was now being addressed. Read more