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17th July 2014
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Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.

This week:
South Africa’s new Minerals Minister believes the NDP requires an accelerated mining effort.
Transnet is poised for another record capex year, while keeping tabs on the weak-economy impact.
And, SADC countries have significant growth potential.

South Africa’s new Mineral Resources Minister Ngoako Ramatlhodi says the National Development Plan requires an accelerated effort towards ensuring mining's continued contribution to economic growth and the elimination of the triple challenge of unemployment, inequality and poverty.

Mineral Resources Minister Ngoako Ramatlhodi

State-owned freight logistics group Transnet, which invested a record R31.8-billion last year, is planning to invest a further R33-billion in 2014/15 and says it has no intention, at this stage, of pulling back from its R307.5-billion Market Demand Strategy, despite the sluggish South African economy.

Transnet CEO Brian Molefe

While the mining industry across the Southern African Development Community region has continued on a positive growth path despite the tough economic climate, some investors have indicated that South Africa is losing its status as the “gateway to Africa”, according to professional services firm EY’s 2014 Africa Attractiveness Survey.

EY mining and metals sector leader for Africa Wickus Botha

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Edited by: Shannon de Ryhove

 

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