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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?

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