In an interview about two months ago, Impala Platinum CEO Terence Goodlace had this to say to me: “The situation relating to the South African mining industry has deteriorated to the stage where deeply concerned international investors could cost the country a great deal more than the billions of dollars already lost in the wave of illegal strikes and violence in which close to 50 lives have been lost.” “There is a very real concern on their part as to what South Africa will look like in a few years’ time,” he added, “and they could well feel compelled to withdraw their funds in favour of African and other investment alternatives.”

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