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S. Africa Won’t Earn More by Owning Mines, Godsell, Spicer Say

South Africa’s government would earn more from the nation’s mining industry by regulating it rather than owning operations, Business Leadership Chairman Bobby Godsell and Chief Executive Officer Michael Spicer said.

Africa’s biggest economy should follow the example of China, Brazil, Russia and Zambia and move away from state ownership of the industry, Spicer and Godsell, the former CEO of AngloGold Ashanti Ltd., the continent’s biggest gold miner, wrote in an opinion piece in Johannesburg-based Business Day today.