The Outlook for the South African Mining Sector - FTI Consulting
While it may no longer dominate the South African economy to the same extent that it did a few decades ago, the mining industry remains a key source of direct and indirect employment, export earnings and tax revenues. The number of mining companies listed on the JSE is now less than half of what it was in 1994 and...Read More
mining in south africa: the challenges and the opportunities
Sep 2, 2016 ... Mining in South Africa: the challenges and the opportunities. 13. Overcoming our challenges. How we can realise its potential. SA mining today. SA mining ... If growth constraint can be removed and the industry makes significant progress on 'modernisation' ... help sustain and create significant economic.Read More
MINE SA - Chamber of Mines South Africa
R12.5 billion in taxes2 were paid to the South African government in 2015/2016. These funds form part of the government's budget, which is used to improve the infrastructure and lives of South Africans. Mining is a significant contributor to employment in the nation, with 457 698 individuals directly employed by the sector in...Read More
Minerals | Statistics South Africa
4 days ago ... MEDIA RELEASE 1 June 2017 Quarterly Labour Force Survey – QLFS Q1:2017 The growth in employment by 144 000, was offset by the growth in the number of job-seekers by 433 ... Media advisory: The Social profile of older persons report and the 2015 census of the South African mining industry report.Read More
Industry | Statistics South Africa
4 days ago ... The 2017 Mining Charter published by government in June has seen its fair share of debate, opening intense discussions on the industry's future. Outside of this policy debate, Stats SA recently published figures showing how the industry performed in 2016 and 2017. 2016 wasn't a good year for South...Read More
Mining: a brief history | Statistics South Africa
Apr 3, 2017 ... In other words, for every R100 that the South African economy produced that year, R21 was due to mining. In 1987, employment in the industry peaked at just over 760 000 individuals1. Mining_pic1. Of course, mining is not the only industry that contributes to the South African economy. A different animal...Read More
Industry Trend Analysis - South Africa's Mining Recovery To Be ...
South Africa's mining sector will continue to face headwinds from policy uncertainty regarding the passing of the draft mining charter, hindering the potential of a recovery since 2016 from becoming solid. We forecast the domestic mining industry value to continue to decline over the coming years.Read More
[Withdrawn] South Africa - mining sector - an update. - GOV.UK
Jan 29, 2015 ... South Africa is the world's richest nation in commodity wealth. Total mineral reserves are estimated at $2.5 trillion – 56% more than their nearest competitor, Russia. The sector is SA's second largest employer, after agriculture, responsible for 14% of employment. Primary mining exports account for close to...Read More
South Africa Mining Report - BMI Research Store
Providing expert analysis, independent forecasts and competitive intelligence on the mining. Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, BMI's Petrochemicals Risk Reward Index, Economic Forecasts, Company Profiles and Global, Regional and Country Industry Overviews. Why you...Read More
The Role of Mining in the South African Economy - Semantic Scholar
1 We focus on output and employment since they have the most immediate and dramatic welfare impact on the South African economy. Historically the investment rate of the mining sector was of significance to the aggregate economy, with output growth in the sector being driven primarily through capital accumulation.Read More
The South African Mining Sector: An Industry at ... - Oakbay Resources
by police at the Marikana area and increasingly vocal calls for the nationalization of mines as a cure for the nation's hardships of poverty, inequality and unemployment. A major crisis in the mining industry will pose a great risk to South Africa economy's growth path and may lead to a shift to the left in economic policy.Read More
Absa's investment outlook for Africa's mining sector - CNBC Africa
Feb 7, 2018 ... CNBC Africa South Africa 4th Floor West Tower, Sandown Mews, 88 Stella Rd. Sandton, Gauteng South Africa 2196 +27113840300. CNBC Africa Nigeria 6th Floor (East & West Wing), South Atlantic Petroleum Towers, 1 Adeola Odeku Street, Victoria Island, Lagos State Nigeria +234 (1) 279 8034/ 5.Read More
african mining outlook - Absa Capital
resource-rich Africa. Things didn't go as planned. In the sec- ond quarter of last year, China's economic growth rates started to slow down, impact- ing global demand and the production of metals ... for the African mining sector after a difficult couple of years,” he ... global supply is mined in South Africa, fell from $1250 to...Read More
WEF_Metals and Mining Scenarios - McKinsey
Geo-economic landscape. G. Green Trade Alliance. In 2030, the world is divided and countries are defined economically by whether or not they belong to the Green ... Global GDP growth averages around 1.5% annually. Many countries revert to some form of import substitution. Limited capital available for the mining sector.Read More
African Lions: Demographic, employment, and wage trends in South ...
Jun 29, 2016 ... In this paper, experts look to uncover the growth traps and opportunities for the South African economy, with a focus on underlying labor market ... While the country has effectively transitioned away from its earlier reliance on the mining sector, mining remains an important contributor to economic activity.Read More
Mining Special Report: Commodities recovery boosts South African ...
Feb 8, 2017 ... The situation there is thus of particular significance for the mining sector in Africa as a whole. The South African economy and political system are both struggling under the weight of uncertainty over the future of President Jacob Zuma and anaemic economic growth, so the recovery in commodity prices is a...Read More
Job losses in mining close to 50,000 mark - BusinessLIVE
Mar 30, 2017 ... Big squeeze: Since 2015 job losses, which have been mostly in the gold and platinum segments, continued in the mining sector, which contributed 7.3% of SA's GDP in 2016. Picture: THE TIMES. The mining industry shed almost 50,000 jobs from 2012 to 2015, most of which were in the gold and platinum...Read More
A stable and better regulated mining industry could see investments ...
Dec 14, 2017 ... Mining Investment in SA in an improved policy and regulatory environment, was commissioned by the Chamber of Mines SA to explore and better understand the investment and employment potential of the mining industry, in the event of better practice in policy, legislation and regulation formulation.Read More
Economic overview - National Treasury
commodity prices and a high local cost base contributed to a 1.6 per cent decline in mining employment in 2015. Over the medium term, the sector is expected to face a period of consolidation. Economic growth outlook. South Africa's GDP growth is forecast to decelerate from 1.3 per cent in. 2015 to 0.9 per cent in 2016,...Read More
IMF Lifts South Africa Growth Forecast on Farming, Mining ...
May 18, 2017 ... The International Monetary Fund raised its forecast for economic growth in South Africa, saying that the end of the worst drought in more than a century will lift agricultural production while rising commodity prices will boost mining. The Washington-based lender forecast growth of 1 percent for Africa's...Read More
introduction - 3S Media
CHAMBER OF MINES of South Africa. INTRODUCTION. The South African mining industry remains moribund as a result of a series of issues that have affected investment, production, transformation and its economic contribution to the economy. These ... which has failed to build partnerships for growth. For example, the...Read More
Why South Africa's economic outlook is looking bleak - CNBC.com
Jul 24, 2017 ... With the mounting problems facing South Africa, CNBC looks whether its economic outlook is starting to look bleak. ... of structural initiatives that would reduce uncertainty and boost confidence. "Policy uncertainty, a recent example being in the mining sector, is likely to constrain investment," he added.Read More
Topic - Stats SA - Mining Weekly
By: Leandi Kolver 10th July 2014 The performance of the mining sector is likely to be volatile in the months ahead, pressured by labour unrest, infrastructure constraints, a challenging policy environment and slower growth in China, banking group Nedbank said in a statement on the back of Statistics South Africa's (Stats...Read More
Problems in the mining industry in South africa - ECDPM
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.Read More
South African mining sector faces a tough year | Special Reports ...
Feb 19, 2016 ... South Africa's mining industry faces the additional impact of what is internationally considered a very poor and volatile labour relations climate, regulatory ... The ferrous industry (iron ore and manganese) has probably seen the most brutal price corrections and, structurally, has the weakest outlook as new...Read More
South Africa: Latest Outlook Shows Urgent Need for Policy Reforms
Jul 7, 2016 ... Builders and painters wait for work on a roadside in Cape Town: unemployment in South Africa is still among the highest in the world, says the IMF (photo: ... Clarifying the regulatory environment in the mining sector and reforming state-owned enterprises, for example, would reduce policy uncertainty and...Read More
SA Mine 9th edition
SA Mine 9th edition. Highlighting trends in SA Mining industry. The 2017 financial year was another tough one for stakeholders in the mining sector. Investors in aggregate ... On the fifth anniversary of the Marikana tragedy, communities around some mines are still desperate for improved service delivery and employment.Read More
Public health implications of changing patterns of recruitment into ...
Africa and neighbouring countries who have worked in the South African mining industry is currently the target of regional and ... relevant to health projection were a decline in gold mining employment, the major source of silicosis; increasing ... Keywords: Mining, Migrant labour, Gold, Tuberculosis, Silicosis, Southern Africa.Read More
Tourism giving mining sector a run for its money | News24
Sep 17, 2013 ... South Africa's mining industry employs thousands of people, but the booming tourism sector creates more jobs, Tourism Minister Marthinus van Schalkwyk said.Read More
Global Economic Prospects – January 2018 – Economic outlook for ...
inadequate power generation hurt the manufacturing and construction industries. Strong growth in the agricultural sector, due to improved rainfalls, helped South Africa exit recession. e mining sector expanded at a solid pace and manufacturing activity rebounded. However, growth in the rest of the economy was subdued.Read More
Job cuts to escalate in South African mines as global ... - EWN
Feb 15, 2016 ... CAPE TOWN - Job losses in South Africa's mining sector are likely to accelerate with mining companies such as Glencore and Anglo American battling to ... The government has warned that 32,000 workers in the sector could lose their jobs as metals prices fall due to slowing economic growth in China, the...Read More
South Africa's gold industry, like its economy, is crumbling - The ...
Mar 7, 2016 ... Economic growth has stalled. The rand has fallen by 30 percent against the dollar in the past two years. China's once-voracious demand for minerals has crashed. The mines where so many became rich closed down after reserves were depleted even faster than expected. A generation of poor South...Read More
The Crisis in South African Gold Mining - ScienceDirect.com
Summary. -Rising costs, falling ore grades and a stagnant gold price are steadily eroding the economic ... South African minerals sector and has been an impor- ..... Deconstructing the South African mining and gold mining profit share: 1981-88+. Average annual compound growth rates. Total mining industry. Gold mining.Read More
Top 12 Gold Producing Countries - 2017 Economic Outlooks
Mining is a significant primary industry in Australia and a major contributor to the country's economic growth. During the commodities super ... In 2014 Canada achieved a record for gold output at 152 metric tons, which marked the first time that it caught up to South Africa in annual output. The estimated output for 2016 by...Read More
Job Losses in the Mining Sector - Business Media MAGS
Whilst South Africa has over 700 state-owned mines, not all are running profitably. Without stable management, many are struggling to produce certain minerals, threatening the country's economy and its overseas prospects, says Ndzamela. The government claims certain state-owned enterprises are showing poor...Read More
2016 Economic Outlook - Business Media MAGS
China's slowing economy contributes to a slowing of demand for many of the raw materials that are at the core of South Africa's exports. That is not good news for South Africa's struggling mining sector and the parts of the manufacturing and service sectors that work in the same areas. 2. Finance. Since the global financial...Read More
Anglo American Job Cuts Strike at Core of South Africa's Mining ...
Dec 15, 2015 ... The mining sector employed about 5.5% of South Africa's workforce at the end of 2014, and the minerals it extracts make up almost 60% of South Africa's exports. ... Platinum output plummeted 15%, hitting bottom lines and slowing economic growth, which is falling toward 1% annually. Protesters chant...Read More
South Africa's unemployment rate remains stubborn amidst a new ...
Oct 3, 2013 ... The Annual Labour Market Bulletin Report said the South African economy has been growing slow with a relatively small employment growth during the ... Labour market was disrupted by labour unrest in the last quarter of 2012 which originated from the platinum mining sector before spreading to other...Read More
Productivity in labor: it is only a ceasefire - EY
Sep 4, 2014 ... A report from the. South African Institute of Mining and Metallurgy found that while the South African unemployment rate is high, the mining sector faces a skills shortage in many disciplines necessary for its long-term sustainability. Projections in. Chile also show that there will be an increased shortage of.Read More
Provincial-Economic Review and Outlook - KZN Treasury
Sep 26, 2016 ... Characteristics of labour force in SA, 2015:Q2 to 2016:Q2…………………………. 42 ... Primary sector contribution to SA's GDP growth from 2014: Q1 to 2016: Q2. (constant 2010 prices .... attributed to reduced demand, global over-supply, retrenchment in the mining sector and closure of mines. Exports.Read More