Government making all the right noises on mining. Detail, however, remains scant

The Money Show’s Bruce Whitfield interviewed Peter Leon, Partner and Co-Chair at Africa Herbert Smith Freehills.

Leon says Minerals Minister Mosebenzi Zwane made all the right promises on Monday to solve the many problems riddling the mining sector currently.

Zwane addressed delegates at the Mining Indaba in Cape Town.

The Minister, however, gave very little detail as to how he was going to give effect to those promises, leaving investors as uncertain as ever.

Scroll down for quotes from the audio below.

When your BEE partner exits, you have to do another empowerment deal. It doesn’t make sense.

Peter Leon, Partner and Co-Chair at Africa Herbert Smith Freehills

Investors are very unsentimental and capital is in scarce supply.

Peter Leon, Partner and Co-Chair at Africa Herbert Smith Freehills

Nobody knows what commodity prices will do.

Peter Leon, Partner and Co-Chair at Africa Herbert Smith Freehills

Mining’s share of South Africa's tax revenues has fallen from 11% to 6.6% in four years.

Peter Leon, Partner and Co-Chair at Africa Herbert Smith Freehills

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This article first appeared on 702 : Government making all the right noises on mining. Detail, however, remains scant


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