NEVA MAKGETLA: Overcoming mining dependency will call for tough trade-offs
Legacy activity crucial for fiscus but contributes heavily to SA’s deep inequalities
27 August 2024 - 05:00
In 2022, mining and metals accounted for 54% of SA’s exports of goods, far higher than the global norm. In China, mining contributes 3% of goods exports; in other upper-middle-income economies the figure is 40%, mostly oil and gas.
Yet mining in SA generates only 3% of employment and 10% of GDP. That is only slightly more than in other upper-middle-income countries excluding China...
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