Charter in current form will not promote investment, growth – MCSA

The Minerals Council South Africa (MCSA) believes that while the draft Mining Charter 2018 is a material improvement on the 2017 iteration, much more work needs to be done to create a Mining Charter that promotes competitiveness, investment, growth and transformation for the growth and prosperity of South Africa. Investment banking company Renaissance Capital adds that the latest draft Mining Charter could erode the competitiveness of South African mining and that it will likely continue the trend of disinvestment, while other mining countries continue to benefit from investment that could have contributed to growing the South African economy.