have contributed to the downgrading of the country’s investment attractiveness.
The Fraser Institute’s 2022 Annual Survey of mining companies has ranked South Africa’s policy perceptions and investment attractiveness in the bottom 10 of the 62 countries which were evaluated. Mantashe says mining executives also have a role to play in raising the profile of the industry in a positive light.
“I may be reshuffled anytime, you will remain in the sector, you have a responsibility to make the sector have a reputation that is appealing to many people. It’s not a Minister who makes the sector, it is the sector itself that makes itself. We cannot avoid acknowledging that the severity of the load shedding, a dysfunctionality of the logistics network, rail and ports, have significantly contributed to the downgrading and impacted directly on the performance of the sector.
Meanwhile, The CEO of the Minerals Council of South Africa, Roger Baxter has described Transnet’s rail inefficiencies as a catastrophe that cost the economy R150-billion, in unrealised mineral exports revenue in 2022 alone.He says urgent interventions by the National Logistics Crisis Committee which was recently appointed by President Cyril Ramaphosa is necessary.