As SA govt aims at Q2 signing of revamped MPRDA, Sibanye CEO bemoans foreign investor confidence

March 10, 2016

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The CEO of South African miner Sibanye Gold has complained that despite his company’s many positive credentials, it was “really disappointing” that its JSE- and NYSE-listed stocks were trading at significant discounts to its contemporaries active elsewhere in the world.
Neal Froneman said he was concerned that investors were not seeing South Africa as the investor-friendly destination government made it out to be, and many were frightened off by the country’s reputation for complex labour relations, and disruptive and potentially deadly strike actions.

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