Peter Major: Mining booming in SADC, but bad ANC policies still driving it south in SA

Peter Major, the internationally respected mining guru from Modern Corporate Solutions, has attended virtually all of Cape Town’s annual Mining Indabas - an event which is now in its third decade. His verdict after this month’s gathering of the global mining’s movers and shakers: because of bad policies, SA is still going backwards - but reforms at SADC neighbours Zambia and the DRC is attracting tens of billions of dollars in fresh investment, creating tens of thousands of new jobs. Major reckons the sector which should be driving SA’s economy forward is floundering because the ANC lost the plot years ago and has been unable to get out of a self-created hole. He spoke to BizNews editor Alec Hogg.