Outlook for mining in South Africa in 2019

pexels.com, 2019

What is the outlook for mining in South Africa in 2019?

Ray White (in for Bruce Whitfield on The Money Show) interviewed Thembinkosi Dlamini, a mining expert at Oxfam.

Dlamini was widely interviewed at the end of last year about illegal gold mining which reportedly costs South Africans R14 billion each year.

He blames political interference for decimating the South African Revenue Service’s (Sars) capacity to deal with illicit financial flows. Former Sars Commission Tom Moyane closed Sars’ illicit economy investigative unit, but Sars has since his axing announced it would be reinstated.

Dlamini touched on the strike by the Association of Mineworkers and Construction Union (Amcu) and the prospects of mining regarding its social impact.

Listen to the interview in the audio below (and scroll down for quotes from it).

There’s been some significant improvement in wage offers after the Marikana massacre. However, we started off a very low base… But we have not yet reached the R12 500… Miners need to demonstrate that they can progressively move to that benchmark…

Thembinkosi Dlamini, Oxfam

Mining wages are meagre… miners maintain two households… the situation is deplorable…

Thembinkosi Dlamini, Oxfam

The Mining Charter is not a binding instrument…

Thembinkosi Dlamini, Oxfam

We are quickly realising mining is not a driver of the economy… [We need to] beneficiate…

Thembinkosi Dlamini, Oxfam

The Minister is failing to manage even simple, simple things…

Thembinkosi Dlamini, Oxfam

Mining companies will increasingly look to mechanisation…

Thembinkosi Dlamini, Oxfam

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Are 'tap and go' cards safe? Maybe, suggests this case involving Standard Bank

Are 'tap and go' cards safe? Maybe, suggests this case involving Standard Bank

Handsfree pickpocketing is a myth, says consumer journalist Wendy Knowler. But risks remain, suggests a case she took on.

Dubai-based Mara Group opens South Africa’s first smartphone factory

Dubai-based Mara Group opens South Africa’s first smartphone factory

The Money Show’s Bruce Whitfield interviews Toby Shapshak (Publisher at Stuff magazine) about the R1.5 billion investment.

Considering divorce? How to avoid getting poorer in the process

Considering divorce? How to avoid getting poorer in the process

Personal finance expert Warren Ingram warns that divorce almost always destroys wealth. Here’s how to not lose your money.

Absa arranges first US dollar social bond issued by an African corporate

Absa arranges first US dollar social bond issued by an African corporate

The proceeds of social bonds exclusively finance projects that deliver a social impact.

Eskom distributed less electricity in Aug 2019 than at any time since Feb 2009

Eskom distributed less electricity in Aug 2019 than at any time since Feb 2009

“It’s a total mess! What used to be so simple has become a very complicated exercise,” says coal analyst Xavier Prevost.

'We discuss stocks and options with our children at the dinner table'

'We discuss stocks and options with our children at the dinner table'

Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).

Popular articles
[WATCH] How many people does it take to park a car?

[WATCH] How many people does it take to park a car?

Khabazela shares tweets and Facebook posts that have gone viral.

'We discuss stocks and options with our children at the dinner table'

'We discuss stocks and options with our children at the dinner table'

Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).

[WATCH] Boy explaining what he heard when parents had sex goes viral

[WATCH] Boy explaining what he heard when parents had sex goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

South Africa quietly reclassifies 33 wild species as farm animals

South Africa quietly reclassifies 33 wild species as farm animals

Some of the endangered wildlife has now been listed as farming stock under key legislation that governs breeding.

It's VW, but not as you know it - Why did Volkswagen change its logo?

It's VW, but not as you know it - Why did Volkswagen change its logo?

John Maytham asks what's behind Volkswagen's new-look logo...

5 retirement saving tips for those who left it late

5 retirement saving tips for those who left it late

It’s better to start late than never! The Money Show’s Bruce Whitfield interviews Jeanette Marais.

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

[WATCH] Woman faints after hairdresser cuts 12-inch hair without telling her

Khabazela shares tweets and Facebook posts that have gone viral.