Absa CIB Admin
Absa's Tawanda Madondo discusses Africa’s diverging mining market.
Since 1994 we’ve seen the incredible journey the Rand has been on because we’ve been stepping right alongside it, here is our retrospective view of the history of the Rand.
- It is a divergent market at the moment. Some commodities, such as gold, have increased in price, while on the other end of the spectrum, diamonds are under pressure.
- Across the African continent, political stability, clear regulations and commodity prices that are within limits, are important for the industry and investments.
- Elections and labour disruptions play a role in which companies use funds to increase capex spend and explore new commodities.