In the news

The Minerals Council South Africa acknowledged rating agency Moody’s decision not to de-rate South Africa, but said it was critical the country’s government took steps to reform the economy, using the upcoming interim budget statement as a platform. Read More

South Africa’s mining industry is ringing alarm bells over the incoming carbon tax. Like so much on the policy front here, concerns centre on uncertainty. And unlike other sectors, the mining industry cannot pass on the anticipated costs to its customers. It has to take them on the chin with a direct hit to the bottom line. Read More

Various sectors of the economy, including the motor, mining and tobacco industries, voiced their concerns in parliament on Tuesday over a raft of proposed tax changes by the National Treasury. Read More

The mining remains an important component of the South African economy, says the Minerals Council South Africa. Read More

The unemployment rate of 29%, the highest since the 2008 recession, equates to 6.7-million able-bodied individuals between 15 and 64 years old who are excluded from the labour force. Read More

South Africa’s Minerals Council was working with the government to develop a national exploration strategy within the next six months. Read More

Over the past five years, a settlement was negotiated between the parties to the South African silicosis class action which the High Court recently approved of as ‘reasonable, adequate and fair’. Read More

South Africa remains one of the best mining jurisdictions in the world with over $2.5 trillion mineral wealth still in situ. Read More

The Minerals Council South Africa on Wednesday said it was “deeply concerned and saddened” at the violence that had erupted in and around Gauteng over the course of the last few days. Read More

South African GDP grew more than expected in the second quarter thanks to a recovery in mining and manufacturing, official data showed on Tuesday, in a reprieve for President Cyril Ramaphosa as the economy looks set to dodge recession this year. Read More