SAB’s Go Farming initiative is developing small-scale farmers to meet its current and future raw material needs.
With today’s budget restraints, especially in the mining sector, it seems virtually impossible for information technology (IT) to meet all business demands. Therefore, IT needs to respond rapidly and innovate in order to stay relevant.
The South African mining industry adopted a historical broad-based socio-economic empowerment charter for the South African Mining Industry (Mining Charter) in October 2002.
Tough economic conditions are forcing mines to reduce costs, but compliance burdens are becoming heavier. Something has to give, unless there is more constructive collaboration between the private sector and government.
Mining companies generally make financial provision for rehabilitation by virtue of rehabilitation trusts or financial guarantees through a financial institution or lately, insurance policies. Although a deduction can be claimed for contributions to a rehabilitation trust and the income in such rehabilitation trusts is exempt, cash-strapped mining companies in the current economic environment are finding it tough to contribute the required amount of cash to the rehabilitation trusts.
A momentous few days for South African mining occurred this month, particularly on 9 October. The South African government and the country’s largest mining union and major mining companies gathered at two different venues and told each other – and the audience, country and the world – how important mining was to South Africa, and… Read more »
The mining industry remains in the spotlight as it continues to feel the pressure of mounting internal and external factors that influence results, market economies and workforce relations. There will always be external influences impacting the operating environment, and I’m no expert on those, so let’s focus our attention on workforce relations? How much strife… Read more »
South African companies in the quarrying industry should consider investing in the growth of their businesses right now, as the world and local economies drag themselves out of a prolonged slump and edge towards improved growth. On the heels of the country’s fifth successfully run election, and a flood of positive data from leading economists,… Read more »
Laws regulating the resettlement of communities for mining projects may be poorly defined, such that if they are used literally, then neither the mining company nor the community are protected. This could result in delays to approvals that may affect the viability of operations or development projects. Resettling communities is a negotiated process whereby the… Read more »
In recent years there has been some debate as to the status of the global mining industry. Questions have been asked: is mining a sunset or a sunrise industry? How can mining survive if global growth is limited? Now that all the “easy” deposits have been mined, where do we go from here?
Mining and minerals tend to form the backbone of the economies of most African countries. Botswana is no different. The success of the Botswana economy over the years is largely due to revenues realised from diamonds which continue to be the mainstay of the economy, currently accounting for more than one-third of GDP, 70-80% of… Read more »
Parastatal organisations, as organs of the State and custodians of the various National Development Plan (NDP) Strategic Integrated Projects (SIPs), have a duty to lead by example in ensuring that; not only does sustainable social and economic development take place, but also to ensure their continued financial viability and compliance with the laws of the… Read more »
Recently the Competition Tribunal approved a large merger between Sibanye Gold and Newshelf 1114, subject to a two-year no merger-related retrenchments condition.
Most policy decisions produce winners and losers in the economy. Companies and entire sectors can find themselves better or worse off as a result of new or changed regulation. Even though the ultimate economy-wide impact of a policy may be positive in the long run, the negative impact of short-term adjustments should not be underestimated.… Read more »
Nothing grabs attention in the headlines like ‘Death’, ‘Destruction’, ‘Debt’ and of course ‘Mining’. Why these four words are so regularly used and misused so often by the government, unions and the press – is testament to their success in getting the masses’ attention – and reaction. And that reaction is always emotional and often… Read more »