Bloomberg News

S. Africa Needs Policy Certainty on Nationalization, Phosa Says

November 25, 2011

Nov. 24 (Bloomberg) -- South Africa needs certainty on key policy issues, including nationalization, in order to restore confidence and attract more investment, Mathews Phosa, treasurer-general of the ruling African National Congress, said.

The mining industry must be opened up to investors to make it competitive, Phosa said in a speech in Johannesburg today.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at sgunnion@bloomberg.net

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net


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