President Cyril Ramaphosa’s attendance at the Mining Indaba is in step with his intention to attract new investment into South Africa. But it’s crucial he hits the right notes about the kind of mining regime SA wants to offer.
The appearance of President Cyril Ramaphosa at the Mining Indaba conference, the 25th event, sends a strong message that South Africa intends to become an active participant in the world’s mining sector, which finds itself on something of an upward trend – partly owing to demand created by consumer-led industries: mobile phones and electric vehicles.
“It tells me Africa is still an interesting place to invest,” said Alex Grose, MD of the Mining Indaba, whose conference is more accurately titled ‘Investing in Africa’.
“I can’t speak for the president, but Mining Indaba is the largest investment conference in SA and despite all the challenges, this sits front and centre of the Ramaphosa administration’s pledge to attract $10bn in new investment,” he said.
Numbers are strong this year. At about 5 000 delegates, that’s a 10% increase on last year. “We saw a dip in numbers about two years ago, but we’ve been on the up since then. And there’s a lot of international interest. The majority of the offshore visitors are from London, but we’re also seeing representatives from New York, Toronto and Perth,” he said.
この記事は Finweek English の 7 February 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Finweek English の 7 February 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
