South Africa’s minerals policy has changed the market in inefficient ways, exacerbated the impact of external factors such as volatile commodities prices and failed to meet its primary objectives, Eunomix CEO Claude Baissac told attendees at an African Mining Network session last week. Framing his presentation around Eunomix’s ‘Mineral policy impact on South Africa’s mining sector’ study, released in August 2018, he explained that the Minerals and Petroleum Resources Development Act and the Mining Charter had made the industry more vulnerable to shocks and failed to facilitate the redistribution of wealth or to transform the sector.
