Madam Deputy Speaker, I would like to dispute the point made by the hon member. We need to appreciate that the mining industry is characterised by booms and busts like any other industry. It's cyclical in nature. You will experience booms at some stage and there will be busts at some stage. So, that's the character of the industry. But to say that it's undermining investment, I don't agree with that.
This kind of Act is not unique to South Africa. Canada has a similar Act which opens things up for the participation of its indigenous people and at no stage has this disinvestment issue been a problem in that country. This particular Act has been designed along the lines of the Acts that open things up for the participation of black people in Canada. So, this is not new to South Africa. We undertook road shows, both nationally and internationally. We met with asset managers and got a sense of what the investors were concerned about in as far as the Act is concerned. We never had a sense that they were reluctant to come and invest in South Africa because of the MPRDA. So, all this kind of hullabaloo in the media is pure politicking. There is no evidence that shows us that the MPRDA has undermined investment in the industry.