It’s coal that South Africa don’t need anymore. South Africa exports coal so don’t need it or they would not be exporting coal. Unemployment is over 40% and the people of the land keep demanding their mines back. The government has always been highly corrupt and in capable of running the country. Overseas investors don’t flock to invest in these countries anymore as there is no guarantee of any protection of their investments. So don’t expect the share price to just run up. The brain drain happened years ago and will continue to happen as South Africans themselves don’t trust the people of the land.
RES Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held