GOLD 1216.40 $/ozChange: -0.63
PLATINUM 1339.00 $/ozChange: 4.00
R/$ exchange 11.08Change: 0.00
R/€ exchange 14.20Change: 0.11
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
close notification
powered by
Advanced Search
Text Smaller Disabled Text Bigger

Published on 19th April 2013
Updated 16th April 2013

South Africa’s resources endowment is more valuable than any other endowment anywhere else in the world. In the ground are $2.5-trillion worth of potential riches, much more than in Russia and Australia. The battered and bruised industry already makes up a fifth of the South African economy in delivering R468-billion worth of gross domestic product and underpinning 1.3-million jobs. With a little bit of national focus, it could quickly add another 200 000 direct jobs by doubling iron-ore production, lifting coal output to 355-million tons a year and trebling manganese production, which would raise its contribution to export revenue well above the current 50% mark. What are we waiting for? Let’s get on with it.

Topics in this article