South African mining seen a winner as Ramaphosa woos investors

South Africa’s embattled mining industry could be first in line to benefit from a boost in foreign direct investment (FDI) if the new leader of the ruling party Cyril Ramaphosa implements measures seen as vital to draw in more cash, analysts said. The governing African National Congress (ANC) needs to water down black ownership targets in mining, roll out mobile broadband access and cut red tape in the labour market to revive investor interest, they say.