SA’s ranking in the latest Fraser Institute perception survey of investment attractiveness of destinations around the world for mining companies was little changed, with investors continuing to fret about regulatory uncertainty and the labour environment.
In its 2015 annual survey the Vancouver-based Fraser Institute showed SA to have come in at 66th out of 109 destinations ranked on an investment attractiveness index, topped by Western Australia. This was based on 449 responses between mid-September and end-November. The year before, SA was ranked 74th out of 122 destinations, and in 2013 it was 57th out of 112.
Narrowing the focus to the continent, SA was placed 11th out of 20 African countries, one behind the Democratic Republic of Congo.
In the policy perception index, which measures the attractiveness of mining policies, SA was 78th out of 109 world destinations, compared to 83rd out of 122 in the previous year.
Respondents said that if SA had a best-practices mineral policy regime it would improve to 51th out of 109.
Chamber of Mines CEO Roger Baxter said: "SA should aim to be in the top quartile, particularly given the country’s mineral endowment.
"To improve its rating and to be recognised as an appealing mining investment destination, SA needs a stable, predictable and competitive policy, and regulatory environment. Policy certainty is key," he said.
Peter Leon, a partner at Herbert Smith Freehills, said the ranking should be a "wake-up call" for the state.
"What is concerning are the findings on employment, regulatory and socio-economic conditions where the country ranks very poorly, not only globally but in relation to some rather weak mining jurisdictions."
In the labour regulations, employment agreements, labour militancy and work disruptions category, SA ranked below Zimbabwe, one of the least attractive places in the world to set up a mine or conduct mining, and SA was fifth last on the list of 109 destinations.
Picture: SUPPLIED
SA’s ranking in the latest Fraser Institute perception survey of investment attractiveness of destinations around the world for mining companies was little changed, with investors continuing to fret about regulatory uncertainty and the labour environment.
In its 2015 annual survey the Vancouver-based Fraser Institute showed SA to have come in at 66th out of 109 destinations ranked on an investment attractiveness index, topped by Western Australia. This was based on 449 responses between mid-September and end-November. The year before, SA was ranked 74th out of 122 destinations, and in 2013 it was 57th out of 112.
Narrowing the focus to the continent, SA was placed 11th out of 20 African countries, one behind the Democratic Republic of Congo.
In the policy perception index, which measures the attractiveness of mining policies, SA was 78th out of 109 world destinations, compared to 83rd out of 122 in the previous year.
Respondents said that if SA had a best-practices mineral policy regime it would improve to 51th out of 109.
Chamber of Mines CEO Roger Baxter said: "SA should aim to be in the top quartile, particularly given the country’s mineral endowment.
"To improve its rating and to be recognised as an appealing mining investment destination, SA needs a stable, predictable and competitive policy, and regulatory environment. Policy certainty is key," he said.
Peter Leon, a partner at Herbert Smith Freehills, said the ranking should be a "wake-up call" for the state.
"What is concerning are the findings on employment, regulatory and socio-economic conditions where the country ranks very poorly, not only globally but in relation to some rather weak mining jurisdictions."
In the labour regulations, employment agreements, labour militancy and work disruptions category, SA ranked below Zimbabwe, one of the least attractive places in the world to set up a mine or conduct mining, and SA was fifth last on the list of 109 destinations.
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