Chinese investors consider further investment in South Africa
Victoria Hewitt-Marsh, News Editor
21 Feb 2014, 11:08 a.m.
As strikes enter their fourth week at three of largest platinum mines in South Africa, Chinese company Long March Capital is considering asset purchases in the sector once again.
According to Managing Partner Kwong “If the industry survives and makes a profit then that would be a good signal to look at investing.”
Lonmin, Impala Platinum Holdings Ltd and Anglo American Platinum have reportedly lost $399 million dollars in revenue since the strikes started. Since the start of the labour crisis the share prices have plummeted and Kwong believes the worst is now over.