Mining in focus
Not all doom
and gloom
The South African mining sector is facing many
challenges, but regulatory certainty and President
Cyril Ramaphosa’s administration could spell a new
dawn for the industry, writes Allan Reid, director and
mining sector head in the corporate and commercial
practice at Cliffe Dekker Hofmeyr.
W
hile the mining industry
has been the main driver
of the South African
economy for many
decades, it is under increasing pressure
from rising costs, regulatory uncertainty,
and waning investor confidence, but there
[30] MINING MIRROR JUNE 2019
is hope that President Cyril Ramaphosa’s
government will usher in a new dawn for
the industry.
The tough operating environment for
South African miners is evidenced by
subdued merger and acquisition (M&A)
activity in the sector, which has plateaued
Cliffe Dekker Hofmeyr
About the author
Allan Reid is the corporate and commercial director
and the head of the mining and minerals sector at
Cliffe Dekker Hofmeyr.
www.miningmirror.co.za