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The Minerals Council South Africa reaffirms its commitment to collaboration and partnership with Minister Gwede Mantashe and the Department of Mineral Resources and Energy, to unlock the full potential of the mining industry in South Africa. CNBC Africa is joined by Mzila Mthenjane, CEO, Minerals Council for more. Read More

JOHANNESBURG - Last year, mining houses spent almost R5-billion on mining towns. It says this was to improve the lives of mining-affected communities. It comes as these communities demand more benefits from the riches being dug up beneath their feet. The Minerals Council says many community needs are not met due to a lack of consultation. It says it's working to address these issues. We find out more from Tebello Chabana from the Minerals Council.

THE Minerals Council of South Africa has said that mining companies in the country spent about R4.9 billion on social development programmes in 2023, in addition to tax and fiscal payments amounting to R135bn.

South Africa’s mining industry spent an estimated R4.9 billion on social investment and development programmes during 2023 to improve the quality of life in mine-host communities. This expenditure was in addition to the R135 billion the mining sector contributed to the fiscus through corporate taxes, PAYE, and royalties, which benefitted the country and its citizens.

Mining companies spend billions of rands on socio-economic upliftment and job creation in host communities, says the Minerals Council South Africa.

In 2023, South Africa’s mining industry allocated approximately R4.9 billion towards social investment and development initiatives aimed at enhancing the quality of life within communities hosting mines.

Better sentiment can be seen in higher spending on exploration, with the budget at the best level since 2017