South Africa hit by investment strike, key mining employer says

[Jan]

South African investors on strike

Investors have lost faith in South Africa’s government and have halted investment despite a wealth of opportunities, the head of the country’s biggest employer in the crucial mining industry said.

More than 200 days of power cuts last year and blackouts every day so far in 2023 have dented confidence, as has the poor performance of the state transport utility and a plethora of other problems.

[Bloomberg]

 

[sefeddt]

Go figure.

https://twitter.com/x/status/1622488304422633474

 

[NarrowBandFtw]

errr ... investors aren't toy-toying and making frivolous demands, they simply leave never to return

it's called disinvestment, not being "on strike"

 

[B-1]

Making up words again "Investment strike" what a load of bulshyte.

 

[WollieVerstege]

Investors have been on strike for years already. Just take a look at the financials of the ALSI40 companies and it will be clear as day.

 

[yebocan]

Investors have been on strike for years already. Just take a look at the financials of the ALSI40 companies and it will be clear as day.

also just look at our gold output numbers since 1994 - either mines are running dry or no real investment to access the product a deeper depths .... can not blame business - you can be optimistic, but only for so long..

 

[GrootVoet]

Who would want to invest in country without power, who's infrastructure is falling apart, have a volatile labor market with a high crime rate and a government that's Marxist.

 

[Benedict A55h0le not]

Who would want to invest in country without power, who's infrastructure is falling apart, have a volatile labor market with a high crime rate and a government that's Marxist.

Guptas.

 

[Shadowchaser1]

Just look @ your JSE. Been from 601 in 2001. By 2020 there were only 344 listed. Surprised that it's not more. Tells a sad tale of the decline in SA.

 

[GrootVoet]

Guptas.

you mean looters

 

[WollieVerstege]

Just look @ your JSE. Been from 601 in 2001. By 2020 there were only 344 listed. Surprised that it's not more. Tells a sad tale of the decline in SA.

I believe there was a record number of delistings in 2022. The JSE is loosing liquidity and investment options. That is only going to be very bad, especially as most investors are limited on what they can invest offshore.

 

[LetsDance]

Guptas.

Or the mafia cartels.

 

[grok]

Who would want to invest in country without power, who's infrastructure is falling apart, have a volatile labor market with a high crime rate and a government that's Marxist.

The song of Africa..

 

[Y'all Qaeda]

Go figure.

https://twitter.com/x/status/1622488304422633474

Very few shots of the crowd. I'm assuming it is not well attended.

 

[Cosmik Debris]

Who would want to invest in country without power, who's infrastructure is falling apart, have a volatile labor market with a high crime rate and a government that's Marxist.

How do you grow an economy when you see your major trading partners as the enemy; the productive private sector in overtly political terms; a small tax payers base as subjects/servants of the state; patronize large parts of your population and alienate minorities; want state led development amidst never ending corruption, incompetence and bureaucratic inefficiency; and your top thinkers/stewards are still stuck in 1970s Marxism?

 

[RonSwanson]

also just look at our gold output numbers since 1994 - either mines are running dry or no real investment to access the product a deeper depths .... can not blame business - you can be optimistic, but only for so long..

Does that include Zama-zamas?

 

[LCBXX]

I'm also not keen to invest in a vagrant holding a begging-bowl either.

 

[yebocan]

Does that include Zama-zamas?

informal mining sector is coining it seems....

 

[DreamKing]

South Africa hit by investment strike, key mining employer says

endlessly exploitation of investors and employers ...........

that is the result.


viva anc ........ viva ...........

 

[RonSwanson]

informal mining sector is coining it seems....

And I wonder why? No labour regs, no reserve bank regs, no mining licenses, no taxes, no striking workers, no pesky environmental analysts, no social responsibility, no BEE or AA, and a lot of child labour.