{"id":65326,"date":"2024-04-30T08:48:08","date_gmt":"2024-04-30T08:48:08","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american"},"modified":"2024-04-30T09:32:49","modified_gmt":"2024-04-30T09:32:49","slug":"presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american","title":{"rendered":"Presidency denies SA business environment hostile amid BHP bid for Anglo American"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The multi-billion rand proposal by BHP has turned controversial when it emerged that part of the company\u2019s conditions would see South Africa locked out.<\/p>\n

The Presidency has hit back at claims that South Africa\u2019s business environment is hostile as government tries to do damage control in the mining industry.<\/p>\n

This was after the world\u2019s biggest mining firm, BHP, set its sights on a takeover at rival miner, Anglo American.<\/p>\n

But the multi-billion rand proposal by BHP turned controversial when it emerged that part of the company\u2019s conditions would see South Africa locked out.<\/p>\n

Australian miner BHP plans to exclude shares in Anglo\u2019s Kumba Iron Ore and its Amplats platinum businesses to reduce its exposure to the South African market.<\/p>\n

Poor mining policies, made worse by crime and corruption, unhappy mining communities, rail collapse, and an unstable electricity supply, are among BHP\u2019s reasons to cut ties with South Africa.<\/p>\n

Aside from the implications for operations in the country, there are fears the move could also spook investors.<\/p>\n

But presidential spokesperson, Vincent Magwenya, said BHP\u2019s commercial approach was not a vote of no confidence on South Africa.<\/p>\n

“Some of the issues being cited are in the process of being resolved.”<\/p>\n

Magwenya said the government and the business sector had made ground to reverse the economic downturn and rebuild confidence in the country.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The multi-billion rand proposal by BHP has turned controversial when it emerged that part of the company\u2019s conditions would see South Africa locked out. The Presidency has hit back at claims that South Africa\u2019s business environment is hostile as government tries to do damage control in the mining industry. This was after […]<\/p>\n","protected":false},"author":84,"featured_media":65325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[274,315,275],"class_list":["post-65326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nPresidency denies SA business environment hostile amid BHP bid for Anglo American - South Africa<\/title>\n<meta name=\"description\" content=\"The multi-billion rand proposal by BHP has turned controversial when it emerged that part of the company\u2019s conditions wo ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Presidency denies SA business environment hostile amid BHP bid for Anglo American\" \/>\n<meta property=\"og:description\" content=\"The multi-billion rand proposal by BHP has turned controversial when it emerged that part of the company\u2019s conditions wo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-30T08:48:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-30T09:32:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/04\/sm_1714456753.549791.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1556\" \/>\n\t<meta property=\"og:image:height\" content=\"1102\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Presidency denies SA business environment hostile amid BHP bid for Anglo American\",\"datePublished\":\"2024-04-30T08:48:08+00:00\",\"dateModified\":\"2024-04-30T09:32:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/04\/sm_1714456753.549791.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/presidency-denies-sa-business-environment-hostile-amid-bhp-bid-for-anglo-american\",\"name\":\"Presidency denies SA business environment hostile amid BHP bid for Anglo American - 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