Sibanye’s Froneman ecstatic as independent power generation regulations eased

Chief executive of Sibanye-Stillwater and renowned deal-maker Neal Froneman was the flagship speaker on the BizNews Power Hour, as the veteran mining executive struggled to contain his excitement regarding the easing of regulations on independent power producers. With many international institutions and foreign investors labelling Eskom as the single biggest threat to South Africa's financial wellbeing, the news is welcomed with open arms. Given the dependence of electricity generation for consumer and business confidence, the president's decision is some much needed good news to corporate South Africa.