Mining Companies Are Suddenly Positive on South Africa Again

Cyril Ramaphosa isn’t even president yet and mining companies are already changing their tune on South Africa.

A former mine union leader and now one of the wealthiest black South Africans, the new leader of the ruling African National Congress is seen as more willing to negotiate investor-friendly policy, according to executives attending the African Mining Indaba conference in Cape Town this week. That’s partly after he told reporters in Davos that if the contentious Mining Charter is “holding us back, then we must deal with it.”