JOHANNESBURG - South Africa’s mining industry on Thursday expressed hope that the election of new leadership for the ruling African National Congress (ANC) signals a new dawn for collaboration between the government and the sector to boost the economy.
The ANC elected the country’s deputy president and leader of government business Cyril Ramaphosa as its new head in December, igniting confidence that the ruling party will tilt back towards a more investor-friendly trajectory.
South Africa’s chamber of mines says uncertainty over policy and the regulatory environment intensified after mines minister Mosebenzi Zwane unveiled a Mining Charter last year which the sector slammed as impractical and poorly drafted.
Proposed amendments to the Mineral and Petroleum Resources Development Act have also stalled over differences between the government and the industry on some sections.
Full story at IOL.
By Siphelele Dludla.
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