The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in destabilising labour relations; and third, the structural character of our mining industry.
The South African mining industry employs 460 000 people. Image courtesy of 123rf I am still of a strong view that Anglo American, South32,Glencore and other multinationals operating in South Africa still feel at home here and they do see value in operating assets in this country.
As pointed out by the Mining Intelligence Database, the mining and its related industries employs over one million people thereby spending approximately R78 billion in wages and salaries. The best part of employment opportunities offered by mining is that it provides work for unskilled and semi-skilled people. This group of people suffers the most from unemployment across South Africa.
24/01/2013· As the South African mining industry shrinks, health services in labour-sending areas are becoming even more overstretched by returning migrants. Even though policies to address these and other issues might be in place, the translation into action is fraught with obstacles. This is discussed in depth in a recent paper by Murray et al.
The mining industry adds significant value to South Africa and its people. Stakeholders in the industry include employees and their families, unions representing them, the Government as regulators and custodians of tax income for the country, investors, suppliers and customers. The monetary benefit received by each stakeholder in the industry is usually summarised in mining companies’ value
In this context, the African mining industry is offering unparalleled opportunities for both local and international investors. Despite the significant amounts of mineral resources held by the continent, Africa’s production represents only about 8% of the global mineral production.
State of Mining in Africa Download the report We have taken a snapshot view of several mining regions across Africa and reflect on what is happening through our framework of key success factors for mining investment, which we established in the first edition last year.
The South African mining industry is in crisis, according to the CEO of the Chamber of Mines of South Africa Roger Baxter.Addressing the Paydirt 2017 Africa Downunder conference in Perth Baxter, representing the Chamber of Mines said business confidence in South Africa was at its lowest levels in more than three decades.
The Political Economy of the Mining Industry in South Africa 14 2.1 Introduction 14 2.2 The State of the Mining Industry 15 2.3 Changes in the Legislative Framework 20 2.4 The Impact of the Changes on the Mining Unions 26 2.5 Conclusion 28 Chapter Three The Response of the National Union of Mineworkers to the Decline of the Mining Industry 29 3.1 Background 29 3.2 The Impact of the Decline