Vusi Mabena of the Chamber of Mines of South Africa
The long, drawn-out debate about mine nationalisation that led to South Africa’s governing African National Congress commissioning a research report on state intervention in mines created the feeling of policy uncertainty around mining in the country.
This has resulted in investors being hesitant about investing in the mining industry, even though the government has given assurance that nationalisation is not policy in South Africa. The Chamber of Mines of South Africa therefore welcomes the ANC resolution that wholesale nationalisation is not a sustainable option and that it has now firmly ruled out nationalisation of the mining industry. This resolution by the ANC puts the debate to rest and creates certainty amongst investors and should encourage investment in the country’s mining sector. Continue reading »