Drilling company Master Drilling, which is operating in 23 countries, does not foresee significant fixed capital being spent in South Africa, even though the company is finding strong demand pull in other main mining jurisdictions and earned most of its half-year revenue and highest profit margin in African countries outside of South Africa. “The instability in South Africa is still an issue. I don’t foresee a lot of fixed capital being spent in the current environment in South Africa. We do, however, believe that some of the miners will spend a bit of capital on existing operations, and hopefully we’ll pick up from the local miners on existing projects. I do not foresee new capital projects, new mines, being sunk in South Africa,” Master Drilling CEO Danie Pretorius told Mining Weekly.
