Page 92 - Forbes - Africa (March 2020)
P. 92
ADVERTORIAL BY BRAND SA
BREAKING NEW GROUND
The Mining Indaba in Cape Town called for
deeper and significant partnerships between
government and the private sector.
he mining industry of South the biggest mining gathering in the world. revolution… if you look at the value and
Africa has been through diffi- This year, it brought together nearly quantity when you look at the global re-
cult times over the last decade 7,000 delegates, including more than serves that we hold of particular minerals
Tand needed support at this 900 mining company executives and 600 for fourth industrial related technological
year’s Mining Indaba more than ever. investors. The idea was to support South development… I think there are some
Mining is certainly a mainstay of the African mining and Brand SA – set up in tremendous opportunities,” says Petrus
South African economy. The industry 2002 to promote South Africa’s image de Kock, Brand SA’s general manager of
employs 454,861 people and in 2019 ex- around the world - lent its weight to the research.
ported R348.2 billion, according to figures effort to win over global investors by pre- Power, or the lack of it, is one of the
released by the Minerals Council South senting a positive image of the industry. problems that the South African mining
Africa. It paid R24.3 billion in company There is a lot at stake. industry has to overcome. In 2019, power
taxes and R8.6 billion in royalties for the “What I think we need to bear in mind cuts cost the mines production and inves-
minerals extracted. is that South Africa’s base of minerals, tor interest.
The Mining Indaba in Cape Town is when you look at the 4th industrial One of the positive moves that came
