Rising violent crime plaguing gold industry deters investors
Mining has historically been at the heart of the economy, and will continue to play a critical role. Though considered by some as a “sunset industry”, mining still contributes about 7% to GDP and makes an indirect contribution of 17%.
The debate about whether mining in SA is a sunset or sunrise industry continues to be significant. The key issues that have taken centre stage have been the remaining ore reserves and the costs of mining those, labour costs and all matters associated with labour legislation, and regulatory certainty or lack thereof. The area of transformation, including broad-based BEE (BBBEE), has also been an uncomfortable issue...
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