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Sibanye CEO pleads for investment-friendly policies

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SA is hurtling into a debt trap due to indecision, says Neal Froneman 🔒

Sibanye-Stillwater, SA’s largest private sector employer, says the R363bn pledged at President Cyril Ramaphosa’s investment summit is a “drop in the ocean” considering the socioeconomic challenges facing the country. What is crucial now is fundamental policy change.

Speaking at a media round table on Wednesday, CEO Neal Froneman said though Sibanye-Stillwater, the world’s largest platinum producer, supports Ramaphosa’s investment drive and has itself invested heavily in the SA mining industry, the real issues are not being tackled.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

 

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