That’s according to President Cyril Ramaphosa, who was addressing delegates at the second day of the African Mining Indaba in Cape Town. The president said his government understood clearly what it needed to do to sort out the red tape plaguing the mining sector.“We need to clear the backlog of mining and prospecting rights and mineral rights transfer applications, put in place a modern and efficient cadastral system, and implement an effective exploration strategy.
President Ramaphosa was concerned that South Africa had fallen into the bottom 10 of the Fraser Institute’s Investment Attractiveness Index rankings. The country was currently ranked 75th out of 84 countries.We are working to further cut red tape for the registration of projects, to accelerate environmental approvals and to strengthen the capacity of Eskom and municipalities to link such projects to the grid.
Despite the seeming unattractiveness of the industry, the mining sector managed to grow to over a trillion rand in value for the first time and had contributed close to 12% to the country’s annual GDP growth in 2021. Ramaphosa said the publication of the White Paper on National Rail Policy outlines plans to revitalise rail infrastructure and enable third party access to the freight rail network.We’ve heard the call from industry for private operators to be allowed to operate the country’s coal, iron ore and manganese lines.
“We hope that such proposals will be discussed at this indaba, drawing on the experiences of other countries”Earlier this year, Transnet invited the private sector to – at a cost – use its infrastructure network and operate 16 slots along its Gauteng to Durban and Gauteng to East London corridors over a two-year initial period.
Fix the mining charter
Another ploy to do as they wish.
False narrative if ever there was one…cyrilramaphosa lies and flatters. Leading SouthAfrica astray…
City_Press What regulatory hurdles are those? Laws that prevent exploitation? Aren't black people exploited enough?
City_Press Anglo-American and others have milked this country dry while paying our people slave wages. They must leave this country. How dare they pay Australian workers more? What regulatory hurdles do they want removed? To pay workers nothing? Well they have a rented president.
City_Press But don't wanna pay employees a living wage
City_Press BullShit!!! You need to be in CapeTown to see thats not the case.
City_Press What companies Mr.CyrilRamaphosa PresidencyZA Are you talking about THE ZUPTAS and the Russian oligarchs, if yes please stop immediately . Action4SA
They mean if gov relaxes laws that ensures beneficiation to locals?
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Mining companies ready to invest much more if government slashes red tapeMiners are prepared to increase investment in projects by 84% once dysfunction plaguing mining permits, railways and ports is addressed
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