Tragedy at Lonmin scaring investors in South Africa
South Africa’s Business Reports quotes Frontier Advisory analyst John de Villiers on the killings at Lonmin’s platinum mine that has left 44 people dead:
“The actual strike isn’t a deterrent to investors. But certainly the inability to get it under control will be of concern, particularly as this is now the third platinum mine that has seen conflict resulting in deaths this year after unrest staged at Impala Platinum Mine and Aquarius Platinum.
“I do feel the government’s inability to safeguard the investment of multinationals will be of far bigger concern to investors.”
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