EDITORIAL: Mantashe under fire as mining investment dives

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The fact that SA is now among the 10 least attractive countries for mining investment underscores the story of squandered potential.

If you were Gwede Mantashe, minister of mineral resources & energy, you ought to have red cheeks while reading the Fraser Institute’s new annual mining investment survey. attractive destinations for mining investment.

Baxter said while the council was working with Mantashe and his officials, “we are not gaining the traction or urgency we’d like to see”. It’s no secret why. Mining CEOs have repeatedly bemoaned the chaos inside Mantashe’s department — from runaway corruption involving the awarding of rights, to backlogs of more than 4,000 mining and prospecting rights applications.

 

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South Africa’s economy is a prime example of Mahatma Gandhi’s wisdom when explained why he didn’t want to use violence in his struggle for Indian independence: those who excel as guerrilla fighters do not have the requisite qualities to be good leaders in peacetime.

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