H 2: COVID-19′s socio-economic impacts on mining communities in Limpopo Province of South Africa, notably workers, include increased unemployment, limited services access, and exacerbated social inequalities, widening sector disparities. The study goes beyond a mere assessment of the past and present circumstances.
Today, the mining industry remains one of the biggest contributors to the country's economy with an estimated worth of R20.3 trillion (US$2.5 trillion). It is the world's fifth largest mining sector in terms of gross domestic product (GDP), contributing eight percent to South Africa's GDP.
The mining industry of South Africa is one of the oldest and has been, for many years, ... which led to serious impacts on livelihood conditions and economic growth. By examining the State's ...
The contribution to the national Gross Domestic Product (GDP) is one commonly used as an indicator of socio-economic impact. In the South African context for example, the mining industry contributed 8.3% (2019) and 8.1% (2018) of the GDP and employed 460 015 employees (MCSA, 2019).
Since then, the mining industry has become hugely important to the country, contributing roughly 202 billion South African Rand (roughly 10.9 billion U.S. dollars) …
The mining value chain is the historic bedrock of South Africa's economy. It directly contributes more than 300 billion rand to GDP, directly employs more than 450,000 people, and is the economic anchor of many communities around the country. Unfortunately, much of the news about South African mining in recent years has been …
> South Africa's mining industry is the fifth largest globally in terms of gross domestic product (GDP). > The mining sector contributed R356bn or 7.3% to South Africa's …
The Minerals Council's annual insight into the impact and relevance of the mining industry as the backbone industry in the South African economy and society. …
South African mining companies must find a new formula for success. The era of critical minerals has arrived, and it's the most momentous change the industry has seen in decades. ... The growth in the mining industry confirms the resilient nature of the sector and the opportunities that exists in rebuilding the South African economy. Related ...
The biggest coal deposits can be found in the Ecca deposits, a vein of the Karoo Supergroup in South Africa. South Africa's annual decline in mining output has persisted for eight months, according to data from Stats SA; Mining production decreased by 4.5 per cent in September, with the largest negative contributors being iron ore and gold.
Notes on contributors. Paul Stewart recently joined the Sociology Department at the University of Zululand after having taught at the University of the Witwatersrand for 20 years. He has published locally and internationally on South African mining labour. Andries Bezuidenhout teaches development studies at the University of …
The mining sector forms an important part of the South African economy. In 2023, the industry contributed an added value of approximately 202.05 billion South African rand (around 11.18 billion U ...
Of course, mining is not the only industry that contributes to the South African economy. A different animal was the South African economy in 1980 compared with the economy we have now, as shown in the graphic below. Manufacturing was the largest industry in 1980, falling to fourth place in 2016. Mining was the second most …
South Africa, South African National Treasury, South African Department of Mineral Resources, and the World Bank Database, as well as relevant national databa ses of selected comparison cou ntries ...
Join us as we uncover the inner workings of the South African mining industry and gain a deeper understanding of how it shapes the nation's economy. …
In South Africa's mining industry, the contributions and harmful impacts of coal mining emerged victoriously. Since 1923, coal has contributed to South Africa's economy and society.
In the third of four detailed industry reports released this month, Stats SA takes a deep dive into the mining industry. The report, which covers the results of a …
South Africa - Economy, Mining, Manufacturing: The economy of South Africa was revolutionized in the late 19th century when diamonds and gold were discovered there. Extensive investment from foreign capital followed. In the years since World War II, the country has established a well-developed manufacturing base, and it has …
South Africa's mining industry is increasingly cited as one of the key sectors that must yield "radical economic transformation" and help the country heal a deeply divided and unequal society.
Minerals contribute to the economy of South Africa and social well-being of society. The consequences of any challenges to mining could result in a dire situation for the nation's economy and ...
Efforts to address the environmental, economic, health and social impacts of mining are essential, particularly in the South African context where mining has been, and continues to be the ... Economic Empowerment Charter for the South African Mining Industry was designed to facilitate the application of the Charter. In addition to the MPRDA ...
Mining has had a larger impact on shaping the South African economy than any other sector. It transformed a predominantly rural economy into an industrial one. It resulted in the development of Kimberley, Johannesburg, and other cities. It attracted …
The year 2023 proved to be an exceptionally demanding period for the global mining industry, with South Africa facing multifaceted and far-reaching challenges. These challenges have pushed the sector into a state of crisis-mode management, which has become the norm in the management of South African mines.
This report aims to provide detailed insights into the South African Mining sector, covering companies from sub-industries such as coal, general mining, gold mining, platinum, and …
By Saijil Singh, lead analyst, Coface A wave of violent, wildcat strikes that erupted periodically in 2012 rooted in a turf war between AMCU and the National Union of Mineworkers, cost platinum and gold producers over R16-billion that year, when the current account gap was 5,2% of gross domestic product (GDP). Mining production decreased …
the South Africa economy via the South Africa mining industry. In this way the projectification factor can be linked to the . ... Considering the broad impact that mining has on the South .
Today South Africa is the 42nd largest economy in the world out of 190 in nominal GDP (and 32nd largest in purchasing power parity terms), thanks to the growth and industrialisation triggered by the commercial development of its mineral resources. ... But our mining industry is in danger. Mining all over the world is subject to the extreme ...
The South African mining industry is in dire need of CSR initiatives supported by effective labor policies to ensure that the industry remains sustainable. This chapter provided an overview of the South African mining industry and indicated that the sector remains a major contributor to the country's economy. ... The economic impact …
The President Tinubu's Strategy for Growing Nigeria's Mining Industry for Long-Term Economic Development. ... The Impact of Manufacturing on South African Economy. By Susa Africa on August …
"SA's mining sector continues to be a meaningful contributor to the economy and has weathered the COVID-19 pandemic in many respects – showing good profitability and retaining strong balance sheets." "The long-term future is unknown however as there is little consensus on how the pandemic will impact the mining industry.
