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.
Denne historien er fra 7 February 2019-utgaven av Finweek English.
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Denne historien er fra 7 February 2019-utgaven av Finweek English.
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