South Africa is missing out on a commodities boom.
So said Clyde Russell (Asia Commodities and Energy Columnist at Thomson Reuters) in an interview by The Money Show’s Bruce Whitfield.
Russell gave the following five reasons why we’re not benefitting:
The recent Mining Indaba showed miners and the government talking past each other. As long as this continues; new investment will be scarce.
Government has fundamentally contradictory aims. It wants jobs and investment, but it also wants conditions that make getting investment really difficult.
The current situation isn’t working. There are, however, things that can be done such as setting up a sovereign wealth fund using mining royalties, and using that to invest in mining companies.
Infrastructure needs attention; especially rail.
- South Africa needs to think both small and big and see exactly where it can meet the commodity needs of China and India.
For more detail; listen to the interview in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Fairtree Capital Portfolio Manager Jean-Pierre Verster.
The Money Show’s Bruce Whitfield interviews Truworths CEO, Michael Mark.
The Money Show’s Bruce Whitfield interviews Lonmin CEO Ben Magara.
Bruce Whitfield asks Personal Financial Advisor Warren Ingram for advice on how investors can safely navigate this hectic time.
A school with individual learning paths for each child, and no need for textbooks? SPARK Schools CEO Stacey Brewer joins Bruce Whitfield.
We are now firmly in a downward commodities super cycle that may last for another 15 years, says Mike Schussler in his latest column.
Phillemon Letwaba says Tshepo's case are some of the issues that they are dealing with on a daily basis.
Major General Michael Mohlala explains the procedure of conducting a roadblock and what to do when you are stopped.
Khabazela shares Facebook posts that have gone viral, including an emotional confrontation of a bully.
Khabazela shares tweets & videos that have gone viral including a parrot that told firefighters the F-word during its rescue.
Young(ish) South Africans tell stories of the mixed emotions they feel when supporting family members, and tips from an advisor.
The Money Show’s Bruce Whitfield interviews Khoza about his attitude and beliefs about money (plus successes and failures, etc.)