MINING INSIGHTS | 10 OCT 2019 Africa is a vital part of Australia’s mining industry Absa | Corporate and Investment Banking > Insights and Events > Africa is a vital part of Australia’s mining industry SHARE A look at how South Africa can regain its mining status In this instalment of the 2019 Absa Insights Series, Absa’s Shirley Webber, Head: Natural Resources and Energy, Absa CIB, chats to Tawanda Madondo, Senior Coverage Banker: Natural Resources, Absa CIB, about why Australian mining houses view Africa as an important element in their portfolios. Video highlights: Australian mining portfolios include African commodities such as iron ore, mineral sands and the newer commodities, graphite and lithium, even though banks aren’t necessarily comfortable with these commodities. Australia is positive about South Africa, but political stability, rules, regulations, and taxes have an impact on the country’s overall rating. Unfortunately, the International Monetary Fund (IMF) is not positive with regards to South Africa, and this has a ripple effect on Moody’s and S&P’s ratings. Government therefore has a responsibility to create the best investment atmosphere for foreign and local investors. https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Absa Insights Series: The future of renewable energy is bright The untapped potential of Africa’s treasure trove of natural wealth presents its beneficiaries with a prosperous future, if exploited. POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Absa Insights Series: Coal to gas shift – a major step toward energy stability in SA The market exists and, so does the technology – the question is, who is capable of operating energy storage in South Africa? POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Absa Insights Series: Energy is the gatekeeper to a prosperous future Tackling Africa’s energy crisis starts with policymakers and evidence shows that they’re not moving fast enough. POWER, UTILITIES & INFRASTRUCTURE INSIGHTS Absa Insights Series: The race to win the battle of energy storage is on Wherever there is a problem, there is a solution and in the energy sector, a solution is an opportunity
