ROLL OUT THE SMART TAPE:
Minerals Council South Africa CEO Roger Baxter has called for mining smart tape to be rolled out rather than more red tape. Citibank estimates South Africa’s metals and minerals in the ground to be worth $2.5-trillion, which puts this country ahead of Russia and Australia. President Cyril Ramaphosa has urged South Africans to “act together” with “urgency and boldness”. If this were done in mining, it would help more than just mining. A growing mining industry would also stimulate industrial revival. Positively, Mining Charter III promotes local content and, for mining to get under way, barriers to investment need to be removed and inclusive growth stimulated for the benefit of the South African people.
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