SA mining suffers as investment plunges due to government inefficiency – Neal Froneman
As power cuts continue to ravage the economy, investors are showing no faith in South Africa’s government and the mining sector is suffering.
As power cuts continue to ravage the economy, investors are showing no faith in South Africa’s government and the mining sector is suffering.
The biggest mining companies are having major battles with syndicates who incite locals to disrupt operations – an extortion “mafia”.
When SA shut down its mining sector to contain Covid-19, more than 450,000 workers were sent home in 24 hours. Getting them back will take much longer.
SA desperately needs to see a return to job-creating growth and the mining sector has significant potential as an important catalyst to help achieve this.
Mineral resources Minister Ngoako Ramatlhodi addressed attendees of the Mining Indaba yesterday, and as discussed by Alec and Jacques Barradas, the message overall was quite positive.
Will there be another Marikana? A year after violent clashes in the mining sector brought into sharp relief the socio-economic challenges that continue to bedevil South Africa, Gideon du Plessis, General Secretary of trade union Solidarity, reflects on what went wrong. He lists at least 20 reasons behind the conflict and warns that the problems … Read more