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

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