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Sungula Nkabinde writes that it’s difficult to quantify the impact of politics on SA mining, but it’s bad, particularly because of the chronic uncertainty. Moreover, there are few times in the history of South Africa that its economy has been at the mercy of its politics as it is now.
Cadiz Corporate Solutions’ mining analyst Peter Major says it’s difficult to explain exactly how much politics hurts the mining sector, comparing it with the effect gangrene has on one’s body. The biggest concern with the current political uncertainty is that it appears to be filtering into institutions, and it is the main obstacle to the policy and regulatory certainty that the mining industry so craves. Chamber of Mines CE Roger Baxter said that the most important thing was to have a leadership-driven problem-solving partnership between government, business, labour and communities, but that, currently, it felt like everybody was stuck in the same canoe paddling in different directions.
Read this article in full at Mineweb
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