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South Africa: President Admits Power Crisis Is Hurting Mining
VOA, 7 February 2023
South African President Cyril Ramaphosa says the county's electricity crisis has severely damaged its mining industry, a key pillar of the economy. Ramaphosa made the comment while… Read more »
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South Africa: SA Addressing Challenges to Increase Mining Investment - President Ramaphosa
SAnews.gov.za, 7 February 2023
President Cyril Ramaphosa has moved to assure investors that government is addressing the challenges facing the country to ensure that South Africa reaches its full mining… Read more »
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Southern Africa: South Africa's Energy Crisis Is Disastrous for the Region, Analysts Say
DW, 1 February 2023
The prolonged and unprecedented energy crisis that plunges households into darkness for several hours daily has raised the cost of doing business in South Africa too. Read more »
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South Africa: Why South Africa Is Losing Its Mining Investment Appeal
The Exchange, 3 October 2022
Mining MX the South African mining industry journal published its 2022 edition of the Mining Yearbook recently. Read more »
South Africa's President Admits Power Crisis Is Hurting Mining
South African President Cyril Ramaphosa has said the county's electricity crisis has severely damaged its mining industry, a key pillar of the economy. Ramaphosa made the comment while addressing Investing in African Mining Indaba, the world's largest mining investment conference. The Minerals Council South Africa, which represents mining companies, estimates that total mining volumes were down by 6%, or U.S.$ 1.8 billion in 2022.
Ramaphosa admitted that the ongoing power cuts implemented on 200 days in 2022 contributed to the slump. He assured investors that the government is addressing the challenges facing the country to ensure that South Africa reaches its full mining potential.
He also told investors that the government has already introduced the Energy Action Plan to improve the "performance of our existing power stations and to add new generation capacity to the grid as quickly as possible".
InFocus
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South Africans had to deal with the worst-ever series of power cuts in 2022. The country lost a record 205 days of electricity due to constant breakdowns at the coal-fired po Read more »
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Power utility Eskom has been at the centre of South Africa's energy woes for more than a decade. The entity has been plagued by mismanagment, the breakdown of infrastructure at ... Read more »
President Cyril Ramaphosa delivered a keynote address at the Investing in African Mining Indaba, aimed at driving investments in Africa.
