https://www.miningweekly.com

INVESTMENT DROUGHT

7th October 2016

By: Darlene Creamer

  

Font size: - +

South Africa is unable to attract investment. In addition to the mining cycle being down, the country is also at the wrong end of the weighted average cost of capital (WACC) yardstick, mainly because of poor government policy. Southern African Institute of Mining and Metallurgy mineral economics division chairperson and University of Cape Town academic Professor Michael Solomons last month pointed out that WACC competitiveness in the context of the Southern African Development Community rated South Africa below the Democratic Republic of Congo as a mining investment destination. In the same week, Chamber of Mines of South Africa CEO Roger Baxter reported that South Africa had plummeted to an abysmally low level on the World Bank’s 160-country cost-of-doing-business rankings. On the bank’s Doing Business scale, which measures the fitness of a country’s economy to grow and compete, South Africa has tumbled 15 notches to position 73. As South Africa is learning, unstable policies and corruption go hand in hand.

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION