The South African government must introduce stringent anti-emission legislation as well as press for the platinum equivalent of the gold Kruger Rand, Royal Bafokeng Platinum CEO Steve Phiri insists. Phiri expressed dismay at the government, as custodian of the world’s major platinum endowment, taking zero steps to do what the rest of the world is doing in fields of platinum-catalysed vehicle emission control and platinum coin minting at a time when 70% “or more” of the South African platinum industry is unprofitable.
