Despite rising costs and policy uncertainty hampering SA’s mining sector, the JSE’s mining index has made a spectacular comeback, and outperformed the all share index for the first time in a decade. For the first time since 2008, the mining index outperformed the all share in the 12 months to end-June, said PwC partner Andries Rossouw. "Hopefully it’s a sign of what’s to come in future," Rossouw said at the release of the firm’s "SA Mine 2018" report on Tuesday. In the 10th edition of the report, 31 mining companies were surveyed and a "mixed bag" of fortunes was found for the industry in 2018.
The year was a challenging one for SA mining, said PwC’s leader on Africa energy, utilities and resources, Michal Kotzé. Overall, however, the sector recorded an improvement as bulk commodities offset continued underperformance from precious metals, which dominate the local mining industry. Revenue for the year ended June rose 8% to R28bn, with coal mining being the largest revenue gene...
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