Finweek English Edition - - THE WEEK -

SA's min­ing in­dus­try is at risk of col­lapse due to po­lit­i­cal un­rest, reg­u­la­tory un­cer­tainty and labour in­sta­bil­ity, with Sibanye Gold CEO Neal Frone­man warn­ing that in­vestor sen­ti­ment is at the “worst” lev­els he’s seen. “It’s just very clear, we sit on a knife edge as an in­dus­try – it could well col­lapse,” he told Reuters. A new min­ing char­ter is one of the key con­cerns, with the draft ver­sion de­mand­ing that com­pa­nies keep their black own­er­ship lev­els at 26% even if black in­vestors sell their stakes.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.