In the Fraser Institute survey, the country’s general attractiveness is little changed but policy perception slips
SA’s mining industry stayed steady in the eyes of investors, with a slight slip in the way policies are perceived, according to the latest data from the Fraser Institute.
The survey is closely watched by companies, mining lobby groups such as the Minerals Council SA, and mining ministries like the department of mineral resources & energy, which uses the metrics as a measure of the efficacy of its actions. For the local industry, the policy perception index is important given the state of flux in the regulatory environment where the Minerals Council SA has lodged papers in court opposing elements in the third iteration of the Mining Charter, thereby prolonging uncertainty.
The council flatly refused to work with Zwane, citing concerns about his alleged tainted political past and involvement with the Gupta family. Zwane actively participated in securing the rights to the Optimum Colliery by visiting Glencore CEO Ivan Glasenberg in Switzerland to argue the family’s case.
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