“There are a number of critical factors impacting
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“Policy and regulatory uncertainty have ‘frozen’ new investment in the sector. “Real mining GDP in 2016 (R226 billion) is smaller than it was in 1994 [R242 billion]. “Real mining fixed investment has shrunk over the past two years.
“The industry made an accumulated loss of over R30 billion in 2015. “In 2017, 65% of RSA platinum mining is loss-making.The DMR has provided no assistance to help the industry through the crisis.”
“The economic opportunity cost of the failure to get the policy, legislative, administrative and operating environment right to promote investment, growth, transformation and job creation in RSA mining is material," Baxter said.
- BUSINESS REPORT ONLINE