The current turbulence in the mining industry in South Africa has its roots in several different factors. First, the fall in global demand for platinum and other minerals due to recession; second, the consequences of the Marikana disaster in destabilising labour relations; and third, the structural character of our mining industry.
South Africa is well-know for a diverse wealth of minerals and a very well regulated mining industry. The mines are places of employment for hundreds of thousands of mineworkers from all over Africa and many international experts are also employed by South African mining companies.
Power Africa has more than $54 billion of commitments from its more than 140 private sector partners to achieve its goals. As part of Power Africa's Beyond the Grid sub-initiative, over 40 private sector partners are focused primarily on developing mini-grid and distributed power services and infrastructure in sub-Saharan Africa's rural and ...
Each year, The Africa Report chronicles the fortunes of the top 500 companies in Africa's key business sectors. These rankings, which were published in February 2013, and are based on firms' 2011 performance, point to some of the important longer-term changes affecting African economies.
On the risky side there is Tanzania, says BMI. According to the firm, asset sales and reconsiderations of planned investments are in the forecast due to John Pombe Magufuli government's recent decision to restrict foreign banks, insurance companies and law firms working or financing the mining sector.