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."

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
Read more on:    susan shabangu  |  politics  |  mining
NEXT ON NEWS24X 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
Comments have been closed for this article.

Inside News24


Rugby World Cup 2015

All the action from the 2015 RWC, including live coverage of all 48 matches, breaking news, fixtures, results, logs - and much more!


Rugby World Cup 2015

England in hot water over official approach
Horne injury not as serious as feared
Boks: The Beast is back!
Ireland need incredible effort to beat France
Traffic Alerts

It is time to focus on your daily rhythm. Are you putting too much attention on future projects and neglecting the day to more

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


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 network.


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.