President Cyril Ramaphosa cited electrical energy shortages and inefficiencies in logistics as one of many challenges impeding the progress within the mining sector, throughout his keynote handle on the Investing in African Mining Indaba in Cape City.
Mining manufacturing in South Africa final 12 months reached a file excessive of R1.18 trillion, boosting our GPD, exports and revenues. Regardless of this achievement, Ramaphosa mentioned the trade is way from realising its full potential, saying “That is indicative of the challenges we have to confront and overcome.”
Ramaphosa mentioned the federal government is decided to take away all impediments and to create an setting that can drive sustained progress in mining. He says they’re taking steps to deal with challenges like electrical energy shortages and unlawful mining.
This, he says, contains the importation of 300 megawatts of electrical energy from neighbouring international locations and the federal government is working to extend this by a further 1 000 MW.
Mining Indaba day 2:
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