GRACELIN BASKARAN: Without stents, mining industry is headed for a heart attack

Perhaps it will make you chuckle as it did me: at the African Mining Indaba this week mineral resources & energy minister Gwede Mantashe urged mining investors to come to SA as load-shedding would be over within 12 months.

Recall that load-shedding started 16 years ago. No investor in his or her right mind would invest a lot of capital in the mining sector based on Mantashe’s word that this will suddenly change. He said himself that rolling power outages are costing SA a whopping $1bn a day. In 2022, there were 200 days of load-shedding, and this year is set to be even worse...

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'Infrastructure damage' knocks out key govt, SAPS websites a day before SONA | BusinessA day before President Ramaphosa is set to deliver the State of the Nation Address, key national government websites across the country - including Parliament, those of several key departments and the SAPS - had crashed due to 'infrastructure damage'. Mmm coincidence? WTF I will camp here and wait for one fool to blame it on the RET and the so called 'State Capture'.
Source: News24 - 🏆 4. / 80 Read more »