Page 2 - Zizwe Business profile Update Oct 2022 - AP
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Mining remains an integral economic pillar in South
Africa.
In 2021, the sector contributed R480.9 billion to South African GDP, R78.1 billion in taxes, and employed
close to half a million people, as the continent’s second-largest economy slowly recovers from its biggest
contraction in a century.
Prospects for the mining industry had been blighted by decades of diminishing output and the reluctance
of investors to build new mines. However, record mining company profits and bolstered government
revenue has been generated by a surge in the demand and price of commodities.
“The South African mining industry is healthy, with promising commodity prices,” - Kobie Pruis, CEO
Collaboration and mutual empowerment will always be part of the strategy at Zizwe,
with the company now in the process of negotiating partnerships and acquisitions in
Namibia, Zambia, Botswana and Mozambique to establish its international footprint
and exploit commodities such as uranium, copper, and gold.
“Our three-year plan includes achieving a turnover of R500 million per annum, driven
by these new endeavours. These countries pose a very attractive operational climate
with decreased political risks,” shares Pruis.
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