Today's Big Stories

'SA must better prepare for impending death of mining industry', says analyst

Concern has been expressed that the country is not sufficiently prepared for what may be the slow death of the mining industry.

According to Mamokgethi Molopyane, Mining Analyst and Consultant at Voodoo consultancy, industry policy is not clear on what will happen to the various sectors when resources run short and demand declines.

She says South Africa needs to put measures in place that outline what will happen when mining activity continues to decline.

If you take a look the gold sector you will see that it has declined drastically. The coal sector is also facing serious challenges. All our sectors within the mining industry will either have to minimise their outputs and cut jobs. I argue that there is a lack of concern in terms of policy.

Mamokgethi Molopyane, Mining Analyst

Listen to the full conversation from The Midday Report with Stephen Grootes:

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