Changing the narrative around SA mining

The last few years have been extremely challenging for the South African mining industry. Investment into the sector has been weak and many projects have stalled. “Companies have been focusing on optimising their portfolios of assets, strengthening their balance sheets, and being very disciplined in spending capital,” says Greg Webber, co-head of mining and resources at Nedbank CIB. “There has been a large shift to cost cutting. Coupled with that, access to the local equity and bond markets has largely been closed for mining companies. It has been an ‘investment…

Read More