A lengthier recession awaits if we don't take drastic measures to save the economy in a Covid-19 world, writes Mbhazima Shilowa.
High level clouds. Warm.
Mining production and linked manufacturing are being hit hard by high electricity prices, according to Minister of Mineral Resources and Energy Gwede Mantashe.
Economic Freedom Fighters leader Julius Malema says the oil and gas find by Total will mostly benefit foreign companies, rather than South Africans.
In just five years, the century-old miner assembled marketing operations that now sell more metals than the company produces.
Mineral resources minister Gwede Mantashe has laid into Implats for the looming 13 000 job cut, but CEO Nico Muller believes some of those affected can be relocated to growing Implats projects.
For minister of mineral resources Gwede Mantashe the aim of a summit early in July is to smooth off the edges of the Mining Charter draft, but for other stakeholders the document is far from ready.
Having recovered financial discipline since the commodity price meltdown in 2012, industry players need to strategise as they face heightened demand in the sector
Gwede Mantashe takes on responsibilities which fell on former minister of energy Jeff Radebe in the previous Cabinet.
The Department of Mineral Resources’s irregular expenditure has spiked from R424 000 reported in 2016/17 to a whopping R11.6m for the past financial year.
That the rise of electric vehicles will have an impact on the demand for metals is undoubted. But not all will be affected equally.
SA's new Mining Charter applies the "once empowered, always empowered" principle, Bloomberg reports.
Tensions ran high in a Parliamentary committee over news that the legislature did not have funds for an inquiry into allegations of state capture in that department of mineral resources.
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