"For me, one of the motivating factors for why we are not rated as an attractive investment destination, [is because] it is impossible to conclude a transaction in South Africa, because we have regulatory bodies that make it impossible," Implats CEO Nico Muller said at the release of the company's results on Thursday.
"I don't think it's good for anyone … that this is permitted to drag on for this long period. It is very inefficient. And if I were a foreign direct investor contemplating an investment into the South African industry and watching this playing out, I'd be extremely frightened by it."Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.
Well - nightmare is a good way to describe the myanc and the CyrilRamaphosa regime.
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Implats earnings muted by inflation and power cutsReduced electricity consumption as a result of persistent load-shedding and the rebuild of a furnace led to a 9% decline in the output of refined PGMs
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