Gordhan seeks greater measures to attract mining investment to SA
Government and mining industry stakeholders had to work collectively to attract more investment into South Africa, Finance Minister Pravin Gordhan said last week.
Speaking at the second yearly Mining Lekgotla, Gordhan said that, while South Africa was well endowed with mineral resources, the presence of these resources did not guarantee investment in the country’s mining industry.
“So what are we doing with our resources, how do we attract investment and ensure that all stakeholders will benefit from this investment?” he asked.
The Minister pointed out that mining was a long-term industry and that investors wanted to know with a good deal of cer- tainty that their investments would be safe.
“Negative perceptions about the country and the mining industry are being created and the challenge for us is to direct our collective efforts at minimising or even completely eliminating those perceptions,” he said.
Another significant challenge that the South African mining industry was faced with was the lack of infrastructure.
“However, government’s infra- structure plan addresses this chal- lenge and we will see the impact within the next three to six months,” Gordhan said, adding that much of the plan was directed at the mining industry.
With regard to labour – another significant challenge – Gordhan stated that government had been in discussions with various stakeholders since October last year and that the country had to do what was required to stabilise the industry.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
