South African Mineral Resources Minister Mosebenzi Zwane today, 5 January 2018, officially opened the 2018 Mining Indaba, the world’s largest gathering of the most influential stakeholders and decision-makers in African mining.
Zwane will promote South Africa’s mineral wealth and competitiveness but has his job cut out for him when he engages with delegates to rally the industry’s prospects, government’s plans, and investment opportunities in South Africa, amid policy uncertainty and looming job losses due to the economic downturn.
The industry’s application to review the implementation of the contentious Reviewed Mining Charter is set to be heard in the North Gauteng High Court on 19 to 21 February 2018.
The South African Department of Trade and Industry (dti) has lent its support to 11 of the country’s emerging miners, who will showcase their products at the Investing in African Mining Indaba today.
The 11 Small, Medium and Micro Enterprises (SMMEs), which hail from various parts of the country, were supported through the dti’s Sector Specific Assistance Scheme. The companies will showcase at the National Pavilion, where they will be afforded opportunities to meet prospective buyers and investors.
Rob Davies, South African Trade and Industry Minister says the Indaba provides a global perspective on African mining, giving an opportunity for government to utilise it to the advantage of its private sector.
The Minister says it is important that there is collaboration between business and government.
“The event is also a huge marketing opportunity for South Africa to highlight its investment opportunities in this sector,” says Davies.
Supporting emerging miners and mining related services, Minister Davies said, is part of the country’s Industrial Policy Action Plan and the National Beneficiation Strategy.
He says the mining and capital equipment sector is an important component of the country’s industrialisation objectives.
“As government, we are committed to working with the industry to achieving these goals,” concludes Davies.