How to remove the transformation deadlock in SA’s mining industry
‘We cannot solve our problems with the same thinking we used when we created them’
The global macro background for the mining industry is looking positive – probably the best in a number of years. Increasingly synchronised and accelerating world growth is good for commodity volumes and pricing. Also, interest in emerging markets is returning, with emerging-market investors even seeing South Africa in a better light following the outcome of the ANC’s elective conference in December. But does that returning interest also apply to the South African mining industry? Not just yet. Many stars are aligning in global mining, but in South Africa the industry is at war with its regulators. There are pending court cases that relate to crucial disagreements about transformation in the industry. These cases could take years to resolve. The sad part is that both sides actually agree on the basic tenet that transformation of the mining industry is necessary for the long-term health of the sector and the country. What is surprising, however, is the lack of agreement on the defini...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.