In 1980, mining vied with manufacturing as the largest contributor to gross domestic product, with each at about 21%. Today, mines account for 7% of the economy. In 1987, the sector employed 763 000 people; that’s down more than 40% to 447 000 now. The government, retailers and banks are now the country’s biggest employers. By pushing populist policies like the Mining charter only hinders growth by forcing the hand of an investor to another country. As the unemployment numbers are sitting at a staggering six million people unemployed and looking for work, taking the jobless rate to about 28%, a 15-year high. This excludes 2.5 million discouraged job seekers. Yet the ANC have a communist stubborn iron fist approach to land, mines and the economy which only makes us as a Nation Weaker against the open playing field of the world. We at the Institute of Race Relations have consistently argued that if mining in South Africa is to live up to the country’s resource potential, an investm