"Policy uncertainty" has become the buzzword to account for SA's inability to achieve higher economic growth, with policy stability hailed as key to resolving most of the constraints that hobble the country's growth potential. This narrative has been particularly prominent in mining. Recent developments, such as the new Mining Charter and the anticipated withdrawal from parliament of the troubled amendment to the Minerals and Petroleum Resources Development Act, have been widely hailed as representing decisive steps in regaining certainty. From
‘Policy uncertainty’ has become somewhat of a buzzword when explaining the structural challenges facing South Africa’s uphill battle towards feasible economic growth levels. And concurrently, policy stability has been hailed as the solution to addressing some of the issues in various sectors that are currently under duress (eg mining and agriculture).
Amid reports that South Africa is attracting less than 1% global exploration spend, Mineral Resources Minister Gwede Mantashe has dedicated a national investment of R20-billion to an integrated multi-disciplinary mapping programme to boost global investment in local exploration.
Eunomix Research has completed an independent empirical analysis of the impact of mineral policy on the performance and socioeconomic contribution of the mining sector in South Africa over the past 20 years. Interventions over the past two decades have had a detrimental effect on the economic contribution and performance of the sector. Furthermore, these interventions have failed to deliver some of its key socioeconomic objectives. The overall efficacy of South Africa’s mineral policy has been low.
Eunomix CEO Claude Baissac will be an expert panelist at the Global Economic Governance's forum on Trade Mispricing in Africa at the Hyatt Regency in Johannesburg. Following Eunomix's groundbreaking report that debunked research conducted by the United Nations Conference on Trade and Development on misinvoicing in South Africa's gold sector, Claude will be discussing the data challenges of measuring Trade Mispricing on the continent.
Joburg Indaba 2018
Eunomix is pleased to sponsor the Joburg Indaba yet again in 2018. We will be releasing a groundbreaking study on the impact of mineral policy on the mining sector in South Africa. Don't miss us!
EunomixCR App Launch!
Eunomix has developed a unique interactive country risk analysis and management app, EunomixCR, that gives clients easy access to international and country data on drivers of country risk. The EunomixCR app is currently being deployed with mining clients in South Africa, and will become web accessible in the coming months. Expect an invitation to our public launch soon. Our development partner is Polysphere.
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Eunomix Business & Economics Ltd™ is incorporated in Mauritius, and Eunomix Research™ is incorporated in South Africa.
These things my spirit bids me
teach the men of Athens:
brings countless evils for the city,
but Eunomia brings order
and makes everything proper,
by enfolding the unjust in fetters,
smoothing those things that are rough,
sentencing hubris to obscurity
making the flowers of mischief to whither,
and straightening crooked judgments.
It calms the deeds of arrogance
and stops the bilious anger of harsh strife.
Under its control, all things are proper
and prudence reigns human affairs
Thus wrote the Athenian statesman Solon, philosopher and poet in the 6th century BC, of Eunomia, daughter of Zeus, who in dreams would appear to the rulers of the city-state and inspire them to legislate and rule justly and competently.
Eunomia, it seems to us, represents the ideal metaphor of the proper management of human affairs, and has inspired the name EunomixTM.