National Treasury, JSE and DMRE must all lend an ear

16th July 2021

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

It’s very hard to get through to the National Treasury. Word is that the only group the Treasury listens to are the 11 financial institutions that control 90% of South Africa’s savings. It’s also very hard to get through to the Johannesburg Stock Exchange (JSE). Word is that the JSE is much keener on trading than being a primary capital raiser.

It’s also not easy to get through to the Department of Mineral Resources and Energy (DMRE), even though the economic transformation committee (ETC) of the African National Congress (ANC) has recommended that mining juniors be incentivised by government and encouraged to list on the JSE. Having failed with two home-made incentivising attempts, the Treasury must swallow its pride and emulate what has already been proven over and over again in other mining jurisdictions.

The JSE must do the same, and the DMRE must listen to what the ANC ETC has realised is essential for South Africa’s mining survival. Is it that hard to copy what is done highly successfully elsewhere? No, it’s not; so do it, Treasury, JSE and DMRE, and do it without any further delay.

To watch Creamer Media's latest video reports, click here
 

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION