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High commodity prices and cost management measures have buoyed the mining sector. Picture: BLOOMBERG
The mining industry has had a good year. According to PwC, the top 40 miners reported a 32% rise in revenue while net profits more than doubled in 2021. The performance was driven by high commodity prices and cost management measures. Business Day TV unpacked the report with PwC’s Africa energy, utilities and resources leader, Andries Rossouw.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
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WATCH: The state of mining in SA
The mining industry has had a good year. According to PwC, the top 40 miners reported a 32% rise in revenue while net profits more than doubled in 2021. The performance was driven by high commodity prices and cost management measures. Business Day TV unpacked the report with PwC’s Africa energy, utilities and resources leader, Andries Rossouw.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.