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Assessing and promoting civil and minority rights in South Africa.

[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.

“Many of you in the mining industry know that for the past few years we have been dealing with policy uncertainty, policy inconsistency and policy deviation,” Ramaphosa said. “We went on wrong routes, not even detours. We took completely different routes. That is precisely what we have been dealing with and are dealing with it with a great deal of determination.”

In opening the Indaba, his minister of mineral resources Gwede Mantashe made similar remarks. Investors coming to South Africa, he said, “now know what they need to do”.

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South Africa at a Glance
58 780 000 (mid 2018 estimate)
4.5% y/y in June 2019 (CPI) & +5.8 y/y in June 2019 (PPI)
-3.2% q/q (1st quarter of 2019)
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