The head of JSE-listed coalminer Thungela Resources has said that doing business in Australia had become harder than in South Africa due to the complex compliance needed down under.
"We have just invested in Australia, and I can tell you that the difficulties to get licences, to get financial bonds, to get insurance – even to open a bank account – I wished I had bought a mine in Witbank," said
Thungela CEO July Ndlovu.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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