The South African government was committed to resolve the barriers to investment in the country in the ‘shortest possible time’, special advisor to the Mineral Resources and Energy Minister, Gwebinkundla Fellix Qonde said in Perth on Thursday. Speaking on the second day of Paydirt’s Africa Downunder conference, Qonde acknowledged the Fraser Institute’s recent ranking of South Africa as one of the least attractive jurisdictions for mining investment, with the country coming in 57th out of the 62 jurisdictions ranked.
PERTH – The South African government was committed to resolve the barriers to investment in the country in the ‘shortest possible time’, special advisor to the Mineral Resources and Energy Minister,Speaking on the second day of Paydirt’s Africa Downunder conference, Qonde acknowledged the Fraser Institute’s recent ranking of South Africa as one of the least attractive jurisdictions for mining investment, with the country coming in 57th out of the 62 jurisdictions ranked.
“There is no doubt that South African mining sector will improve with the rankings on both indexes if these constraints can be resolved in the shortest possible time, of which we are all committed to do.” The mining sector created around 23562 jobs between 2021 and December 2022 resulting in their overall employment in the sector of 472 088, Qonde said on Thursday.“South Africa possesses an extraordinary wealth of resources waiting to be unearthed. It is time to shift the focus, reinvigorate exploration efforts and rediscover the untapped treasure trove that lies within our borders.
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