Mine workers employed at Sibanye Gold's Masimthembe shaft operate a drill in Westonaria, South Africa, April 3, 2017. REUTERS/Mike Hutchings

Home ยป Moody’s: Land & Mining Uncertainty Threatens South Africa Growth

Moody’s: Land & Mining Uncertainty Threatens South Africa Growth

JOHANNESBURG (Reuters) – South Africa’s economic growth prospects will be limited by weak business confidence while uncertainty around land and mining reforms remain a concern for investors, ratings agency Moody’s said in its research report on Tuesday. “Uncertainty over how this (land reform) will be achieved continues to limit near-term investment,” said Moody’s analyst and […]

26-06-18 17:08
Mine workers employed at Sibanye Gold's Masimthembe shaft operate a drill in Westonaria, South Africa, April 3, 2017. REUTERS/Mike Hutchings

JOHANNESBURG (Reuters) – South Africa’s economic growth prospects will be limited by weak business confidence while uncertainty around land and mining reforms remain a concern for investors, ratings agency Moody’s said in its research report on Tuesday.

Mine workers employed at Sibanye Gold’s Masimthembe shaft operate a drill in Westonaria, South Africa, April 3, 2017. REUTERS/Mike Hutchings

“Uncertainty over how this (land reform) will be achieved continues to limit near-term investment,” said Moody’s analyst and senior credit officer Lucie Villa.

“(It) could ultimately lead to a more pronounced fall in investment should the final terms of land reform be particularly onerous to businesses.”

(Reporting by Mfuneko Toyana; Editing by Joe Brock)

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