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Reuters reported on the Royal Bafokeng Nation, which governs a small part of South Africa’s platinum belt, has turned its platinum mines from strife to social success.
Reuters reported on the Royal Bafokeng Nation, which governs a small part of South Africa’s platinum belt, has turned its platinum mines from strife to social success.
As quoted in the market news:
While South African mining companies try to halt the spread of deadly labor strife, a kingdom that partly governs a small stretch of the country’s platinum belt has managed to transform mineral wealth into social stability.
The Royal Bafokeng Nation has funneled money it earns from its Royal Bafokeng Platinum (RBPLat) company into a mini sovereign wealth fund that provides cash for schools, clinics and infrastructure.