* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, May 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

    Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

    SXSW Rom-Com ‘I Really Love My Husband’ Acquired for U.S. Release – Variety

    Heartfelt Romance: ‘I Really Love My Husband’ Set to Captivate U.S. Audiences!

    Georgia Entertainment CEO says large-scale production is slowing down – Decaturish

    Georgia Entertainment CEO Warns of Slowdown in Large-Scale Productions

    Zugalu Entertainment Welcomes Crimson Herring Studios to Its Family!

    Fall 2025 TV Schedule: Your Guide to the Complete Lineup – Wyoming News Now

    Get Ready for Fall 2025: Your Ultimate Guide to the Exciting TV Lineup!

    Blackstone River Theatre presents music from Scotland with Cantrip – The Valley Breeze

    Experience the Enchanting Sounds of Scotland: Cantrip Takes the Stage at Blackstone River Theatre!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Harnessing emerging technologies to power a small business – The Oaklandside

    Unlocking Success: How Emerging Technologies Can Transform Your Small Business

    Artificial intelligence (AI) – The Guardian

    Unlocking the Future: How Artificial Intelligence is Transforming Our World

    Technology Innovation to Take Center Stage at The 2025 National Restaurant Association Show – Restaurant Technology News

    Get Ready for a Tech Revolution: The 2025 National Restaurant Association Show Unveils Cutting-Edge Innovations!

    Newmont signs deal to use Chrysos Corporation technology – Capital Brief

    Newmont Partners with Chrysos Corporation to Revolutionize Mining Technology

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Air Force Invests in Whisper’s Ultraquiet Propulsion Technology – FLYING Magazine

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trump administration set to overhaul Biden’s AI chip export regulations – TechHQ

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Peter Major: Mining booming in SADC, but bad ANC policies still driving it south in SA

February 15, 2024
in Business
Peter Major: Mining booming in SADC, but bad ANC policies still driving it south in SA
Share on FacebookShare on Twitter

Peter Major, the internationally respected mining guru from Modern Corporate Solutions, has attended virtually all of Cape Town’s annual Mining Indabas – an event which is now in its third decade. His verdict after this month’s gathering of the global mining’s movers and shakers: because of bad policies, SA is still going backwards – but reforms at SADC neighbours Zambia and the DRC is attracting tens of billions of dollars in fresh investment, creating tens of thousands of new jobs. Major reckons the sector which should be driving SA’s economy forward is floundering because the ANC lost the plot years ago and has been unable to get out of a self-created hole. He spoke to BizNews editor Alec Hogg.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

Watch here

Relevant timestamps from the interview

00:00 – Introduction – The Current State of Mining Shares
03:22 – The Mood at the Mining Indaba
06:35 – Factors Affecting Mining Stocks in South Africa
08:19 – The Impact of the Election on Mining Stocks
11:20 – Positive Developments in African Mining
14:32 – The Ineffectiveness of the South African Government
17:10 – Potential for Positive Change in South Africa
19:44 – Conclusions

Listen here

Edited transcript of the interview ___STEADY_PAYWALL___

Alec Hogg: It’s a well-known fact that the best time to buy stocks is when everybody else is selling them, and the worst time to buy is when everybody else wants them. Right now, nobody wants mining shares. Nobody. Perhaps Peter Major, our go-to expert on mining matters, can shed some light on this. Peter, looking back at an interview we did 10 years ago when BizNews was just starting out, we were hunting for those 10-baggers in the mining sector. It feels like we’re in a similar situation now. Are they wrong?

Peter Major: No, but they might be a bit early. Reflecting on 2013, it took another two years for things to turn around. Capitulation in 2015 marked the bottom. We’re not there yet. Capitulation is when even the toughest give up, like Conor McGregor raising his hand in defeat. We’re low now, but there are reasons for it.

Alec Hogg: You recently attended the mining Indaba in Cape Town, a gathering of mining professionals from around the world. How many have you been to?

Peter Major: It was the 30th anniversary, and I’ve attended most, probably missing only three or four. The mood this year was surprisingly positive despite the recent downturn in mining companies. We’re experiencing a dip after a 20-year super cycle that began in 2002.

Read more: 🔒 RW Johnson: Why so many Americans support Trump for a return to the White House

Alec Hogg: Given your extensive experience at the Indaba, can you provide some context on the current situation?

Peter Major: Despite the recent downturn, there’s optimism that this may just be a short-term blip in a longer trend. However, there are concerns about China’s slowing growth and the potential impact on commodity demand. The U.S. market is also showing signs of vulnerability, with earnings nearing all-time highs. This weakness in commodity prices could persist for a few more months.

Alec Hogg: From a South African perspective, platinum shares have been particularly hard-hit. Is this solely due to commodity prices?

Peter Major: You’re absolutely right, Alec. BHP Billiton faces similar challenges with commodity prices as Anglo-American does. However, Billiton’s rating and share price have held up well. This is because the market understands that Anglo-American still derives over half of its earnings from South Africa. Sibanye, too, despite the challenges in the palladium market, still generates the bulk of its earnings from this country. So, you’re correct. These commodity prices aren’t disastrous. Even platinum, trading slightly below its long-term average, is not far off. Palladium remains above its long-term average, as does rhodium.

Alec Hogg: Peter, let’s talk about the upcoming election. The latest intel suggests it might be on May 29th. Are you closely monitoring this and its potential impact on mining stocks?

Peter Major: I’m beyond scenario planning at this point. The environment is too dynamic for that. The election is crucial, but it’s likely to have a negative effect on our companies. Investors anticipate this and won’t be trying to second-guess it. They know it’s going to be tough. If the ruling party cares about the country, they’d hold the election sooner to alleviate the uncertainty. Investors won’t make significant moves until after the election.

Read more: The 7 Economic Pillars of the EFF with Ivo Vegter

Alec Hogg: Any positive news from the Indaba regarding South African mining?

Peter Major: The Southern African Development Community (SADC), comprising 16 countries including Zambia, the DRC, and Angola, offers some hope. While Zambia and the DRC have their challenges, there’s optimism for improvement. In Zambia, despite obstacles, there’s a sense of progress. Unfortunately, South Africa lacks this hopefulness. The current political landscape has dashed hopes for a better future. On the bright side, optimism surrounds neighbouring countries, and our mining companies are likely to invest where there’s potential for growth and stability.

Alec Hogg: There’s usually a sizeable South African government delegation at the Indaba. Did they make any efforts this time to change perceptions?

Peter Major: Alec, they seem stuck in a rut, repeating the same actions without progress. We saw our mining minister, Gwede Mantashe, attempting to address concerns, but his efforts fell short. He announced plans to create a South African cadastre system by combining three companies, but details like milestones, budget, and timelines remain unclear. This lack of decisive action reflects a broader trend of inertia in our government’s approach to mining.

Alec Hogg: So, given this inertia, if there were a positive outcome in the election, with parties prioritising economic growth, it should be straightforward to reverse the current trajectory, right?

Peter Major: Absolutely. The situation is so dire that even incremental improvements would yield significant gains. If we could wave a magic wand and reset parliament, or if a new government were to adopt proactive policies like we’ve seen in other countries, such as the DRC and Zambia, we could rapidly turn things around. These nations, once giants in mining, revitalised their industries through policy reform, attracting substantial investment and boosting production. The potential for positive change is clear.

Alec Hogg: Thank you, Peter Major, for sharing your insights on the outcomes of the mining Indaba in Cape Town. It’s a crucial event for the global mining community. Peter serves as the director of mining at Modern Corporate Solutions, and I’m Alec Hogg from BizNews.com.

Read also:

PA’s Charles Cilliers: Smaller parties wield greater clout after Zuma game changer
Many red flags in SA’s DRC deployment: R2 Billion, operational constraints, exit strategy, Rwanda – Prof Abel Esterhuyse
🔒 Putin’s road to revenge: From Sochi nightclubs to global power play

Visited 526 times, 526 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/interviews/2024/02/14/peter-major-mining-booming-sadc-anc-bad-policies

Tags: businessmajorPeter
Previous Post

Manifestoes galore: Voters demand substance over spectacle – Solly Moeng

Next Post

From hunch to reality: The harsh lessons of overpaying for tech momentum

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

May 10, 2025

Unlocking the Future: How Innovation Funds Propel Breakthroughs in AI, Bioengineering, and Materials Science

May 10, 2025
Talking Animals: Veteran science journalist Stephen S. Hall recounts reporting and research that yielded Slither, singular book on snakes – WMNF 88.5 FM

Unraveling the Secrets of Snakes: A Journey with Veteran Science Journalist Stephen S. Hall

May 10, 2025
Lifestyle Lookout: Mother’s Day brunch in Bellingham, Big Jam Stories in Ferndale and The Spring Wine Walk – My Bellingham Now

Unforgettable Mother’s Day Brunch, Big Jam Stories, and the Spring Wine Walk: Exciting Events in Bellingham and Ferndale!

May 10, 2025
WCK Forced to Halt Cooking in Gaza as Supplies Run Out – World Central Kitchen

World Central Kitchen Suspends Operations in Gaza Amid Supply Crisis

May 10, 2025
China Reacts to Trump Claims About ‘Suffering’ Chinese Economy – Newsweek

China Responds to Trump’s Claims of Economic Struggles: What You Need to Know

May 10, 2025
Flutter Entertainment eyes U.S. prediction markets amid growing interest – Sports Business Journal

Flutter Entertainment Sets Its Sights on U.S. Prediction Markets as Interest Soars

May 10, 2025
Optimizing Human Health On Earth And In Space – Texas A&M Today

Optimizing Human Health On Earth And In Space – Texas A&M Today

May 10, 2025
Rep. Marjorie Taylor Greene says she won’t run for U.S. Senate – NBC News

Marjorie Taylor Greene Declares She’s Not Entering the Senate Race!

May 10, 2025
Harnessing emerging technologies to power a small business – The Oaklandside

Unlocking Success: How Emerging Technologies Can Transform Your Small Business

May 10, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (597)
  • Economy (608)
  • Entertainment (21,521)
  • General (15,210)
  • Health (9,650)
  • Lifestyle (613)
  • News (22,149)
  • People (611)
  • Politics (615)
  • Science (15,830)
  • Sports (21,118)
  • Technology (15,598)
  • World (598)

Recent News

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

‘Active Management’ Harms Forests — And It’s About to Get a Whole Lot Worse – The Revelator

May 10, 2025

Unlocking the Future: How Innovation Funds Propel Breakthroughs in AI, Bioengineering, and Materials Science

May 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version