Transform mining industry - Shabangu

2012-10-20 10:05
Susan Shabangu (Picture: Beeld)

Susan Shabangu (Picture: Beeld)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Johannesburg - The mining industry needs to be transformed, Mineral Resources Minister Susan Shabangu said on Friday night.

"The mining industry is facing challenges, it is visibly clear that urgent interventions need to be put in place to enhance workers' skills," she said at a black business awards ceremony in Boksburg.

"The mining industry needs to transform to make sure that we are able to be competitive, but are also able to contribute positively and become a sector... that's a sunshine industry.

"The future is bright, we've got to do the right things."

For the transformation to take place various groups needed to become part of the skills development needed in the sector.

Shabangu said the mining industry could create many opportunities for the country.

"As we all know it is the backbone of the South African economy."

Broad-based black economic empowerment had to spread benefits beyond entrepreneurs and include communities, she said.

Women should not be left behind when building the economy.

She said the country was grappling with unprecedented tension in labour relations, compounded by a fairly bleak, short-term economic outlook.

"The country has recently received its first foreign credit ratings downgrade since democracy, which indicates the extend to which we need to work harder to restore confidence of the investment community and the people of South Africa."

The downgrade of the government's bond rating by credit ratings agency Moody's had made it more expensive for South Africa to secure the resources needed for development.

Ratings agency Standard & Poor's on Tuesday warned it could downgrade Anglo Gold Ashanti's credit rating.

"Stabilisation of business and the economy becomes more important than it was yesterday," said Shabangu.

Businesses needed to work together with the government.

"Let's work together to resolve what we are seeing as a threat to our democracy, a threat to our economy.

"It has become clear that we have to create adequate space for the people of South Africa to heal from the lasting wounds of the apartheid state."

- SAPA
Read more on:    susan shabangu  |  politics  |  mining
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
90 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

Something may be bothering you. A flooded mind and impulsive reactions are not a good combination as you are not thinking clearly....read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.