SA mining needs a proper boost, says analyst

Speaking on the sidelines of the Mining Indaba in Cape Town, Hochreiter, who works for Noah Capital Markets, said the industry was burdened by headcount costs and heavy taxes on companies.


Related Articles


#MiningIndaba: Mantashe's message to investors gets thumbs up

South Africa's mineral resources minister Gwede Mantashe addresses the Investing in African Mining Indaba on February 4.

IOL , South Africa Feb 4, 2019

SA prioritises investment in the mining sector

CAPE TOWN – Trade and Industry Minister Rob Davies on Tuesday said the South African government has prioritised investment and mineral beneficiation due to its capacity to grow the economy and create jobs.

IOL , South Africa Feb 5, 2019

#MiningIndaba: Minister Mantashe sets positive tone at Indaba

CAPE TOWN – The keynote speech by mineral resources minister Gwede Mantashe at Mining Indaba emphasised important issues for industry growth, such as community relations and infrastructure development.

IOL , South Africa Feb 4, 2019

African continent remains key destination for mining investment- Mantashe

South Africa's mineral resources minister Gwede Mantashe addresses the Investing in African Mining Indaba on February 4.

IOL , South Africa Feb 4, 2019

All hail Ramaphosa's 'New Dawn'

“The new administration here, led by a man who understands the global economy very well, certainly has an extremely difficult task ahead to ensure that South Africans who suffered untold misery under apartheid don’t run out of patience with the el...

IOL , South Africa Feb 6, 2019

Mantashe urges mining industry to operate responsibly

CAPE TOWN - Mineral resources minister Gwede Mantashe on Monday urged the South African mining industry to conduct its business in a socially responsible manner, taking into consideration all affected stakeholders and the environment.

IOL , South Africa Feb 4, 2019

Mantashe opens annual Mining Indaba in Cape Town

Cyril Ramaphosa and Gwede Mantashe are expected to woo the thousands of delegates and potential investors and promote South Africa as an attractive investment destination.

EWN , South Africa Feb 3, 2019

Ghana to miners:"Respect the land that provides the riches"

CAPE TOWN (Reuters) - Ghana’s President Nana Akufo-Addo demanded mining deals be more beneficial for Africa on Tuesday, calling on governments to end fiscal incentives traditionally used to attract investment to countries long viewed as rife with ...

Reuters , Africa Feb 5, 2019

#MiningIndaba: Mantashe holds bilateral meetings with African counterparts

Burkina Faso has been in mining only for about ten years and is seeking opportunities for capacity building as well as knowledge sharing and exchange with the department and its entities.

IOL , South Africa Feb 6, 2019

SA economy benefited from Platinum Group Metals' R1.2 trillion

CAPE TOWN - The South African economy has benefited significantly from Platinum Group Metals (PGM) which has produced 221 million ounces of PGMs valued at R1.2 trillion (US$170 billion) between 1980 and 2015.

IOL , South Africa Feb 6, 2019

Zambia will enforce copper import tax - mining minister

CAPE TOWN (Reuters) - Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said.

Reuters , Africa Feb 4, 2019

#MiningIndaba: Facilitate, licence artisanal mining for formal trading

South Africa's mineral resources minister Gwede Mantashe addresses the Investing in African Mining Indaba on February 4.

IOL , South Africa Feb 4, 2019

Ramaphosa moves to allay mining fears

In the coming days, we will be announcing a package of measures to stabilise and improve Eskom’s financial, operational and structural position and to ensure security of energy supply for the country.”

IOL , South Africa Feb 5, 2019

#MiningIndaba: SA mining is a sunrise industry, says Ramaphosa

"The country's mineral wealth has attracted large capital investments over the decades, resulting in the development of integrated industrial value chains that generate significant value for the economy.

IOL , South Africa Feb 5, 2019

SA's tough choice: Land redistribution or mining investment?

CAPE TOWN – South Africa's government faces a tough balancing act as it tries to attract foreign investors into the key mining sector while also pledging to seize land without paying compensation.

EWN , South Africa Feb 9, 2019

Ramaphosa says billions in investments pouring into SA

CAPE TOWN - President Cyril Ramaphosa says investors are already pouring billions of dollars into the SA economy just a few months after launching his investment drive.

EWN , South Africa Feb 4, 2019

People are striking for wrong reasons – Sibanye boss

Sibanye-Stillwater chief executive Neal Froneman told investors that the protracted Amcu strike was necessary to address underlying relationship issues as attitudes between the company and the unions harden.

IOL , South Africa Feb 6, 2019

[ANALYSIS] African miners get mix of red carpet and red card

As executives of the biggest firms gathered for last week’s annual industry conference in Cape Town, the continent’s politicians were to be seen quaffing Shiraz in the shadow of Table Mountain to drum up inward investment.

EWN , South Africa Feb 10, 2019

Eskom's tariff hike to hit-hard on mining sector

CAPE TOWN – The most critical challenges facing South Africa is the sustainability of Eskom which would require some sort of workable solutions but not the price increases, Minerals Council of South Africa chief executive, Roger Baxter said on Tue...

IOL , South Africa Feb 5, 2019

Mantashe tells Australian miner to mine responsibly in the Western Cape

Mantashe said this after conducting an in-loco inspection at Tormin mine, owned by Australian company Mineral Sands Resources (MSR), outside Vredendal, on the west coast near Lutzville, in the Western Cape.

IOL , South Africa Feb 8, 2019