RES 1.41% 7.2¢ resource generation limited

south africa rated amber investment dest

  1. 3,413 Posts.
    The latest RESOURCESTOCKS magazine has an article by Tim Treadgold rating the various global regions in terms of investment destinations - RED, AMBER, GREEN.

    'South Africa: Amber. Home to one of the world's great mining industries, but a country held back by its politics, old & new. The apartheid era of white supremacy made the country a no-go zone, & the current regime of black empowerment(making up for lost opportunity) risks doing the same. While it sounds fair in principle, black empowerment translates into an investor effectively forfeiting 25%, or more, of a project to local investors who may, or may not, contribute capital or other services in a meaningful way.

    From a sovereign risk perspective I thought this may be of interest. In fact I recall that pitman may have alluded to this issue?

    CLM
 
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