Mantashe challenges ‘capital flight’ charge as Anglo defends shrinking SA footprint - news24.com
Mantashe challenges ‘capital flight’ charge as Anglo defends shrinking SA footprint - news24.com
Source: news24.com
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DW NOTE
Mantashe is defending Anglo American's retreat from South Africa while the Strait of Hormuz sits closed and oil trades at $92. A mining minister spending political capital to protect a foreign corporation's right to redeploy assets is either catastrophically unaware of what commodity disruption does to resource leverage, or aware and indifferent. South Africa holds platinum, chrome, and manganese reserves that matter more every day the Gulf stays shut — and the state is arguing for the extractors' freedom to leave.