Nationalizing South African mines: an enonomic assessment

mining sector in South Africa, and (iv) the attractiveness of South Africa for local and international investors. This paper analyses each of these issues in turn. Economic development and the role of the state The transformation of modern society by what has become known as the industrial revolution is one of the most remarkable events in history. Previously, and for almost all of history ...

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Debate on Nationalising the Mines in South Africa

06/02/2010  Debate on Nationalising the Mines in South Africa. A storm erupted in policy circles in South Africa after Julius Malema the leader of the African National Congress Youth League (ANCYL) boldly proclaimed the need for the mining industry in South Africa to be nationalized. The demand was predicated on fulfilling the vision of the Freedom Charter ...

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Nationalising South African mines: Back to a prosperous ...

keywords: nationalisation; south africa; mining sector jel: l22, l52, l71 stan du plessis department of economics university of stellenbosch private bag x1, 7602 matieland, south africa e-mail ...

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Feasibility of Nationalising the South African Mining ...

Feasibility of Nationalising the South African Mining Sector sample essay. Introduction. The mining toil controlms the basis of South Africa’s administration. Presently South Africa is the grossgest source of platinum in the earth and merely of the summit sources of gold. Julius Malema, the director of the African Raceal Congress Youth League (ANCYL) was at the controlefront of having a ...

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To Nationalize or Not? The Pros and Cons of South Africa ...

19/11/2009  Since nationalized industries are typically not run for-profit, South Africa’s mining industry could ultimately fall behind other countries’ mining industries, such as Chile or Russia, ultimately decreasing the efficacy and overall profit of the mining industry and its contributions towards South Africa's other industries. Nonexistent, insufficient, or slow compensation to former investors ...

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(PDF) Nationalizing South African mines: An enonomic ...

Abstract. Nationalization is high on the policy agenda in South Africa. This paper considers the case for nationalizing the local mining sector from an evidence-based perspective, which is derived ...

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Nationalizing Of Mines, Sample of Reports

The debate on the nationalization of mines has been the blame for foreign investors losing hope and faith in South Africa’s mining industry. According to the task team, the nationalizing of South Africa’s mines would be disastrous and that the increasing of taxes should be seen as an alternative option. Why South African Mines should be nationalised. Former Youth League President Julius ...

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Advantages and disadvantages of nationalising mines

Advantages of nationalising mines A sector that is nationalised, allows the government to have direct control over that sector. If the mining sector is nationalised, this would entice the government to sell more minerals within the South African borders rather than export these minerals to foreign countries. If mines were to be nationalised, then the revenue generated would be part of national ...

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Is South Africa nationalizing its mining industry? The ...

30/06/2012  JOHANNESBURG, South Africa — South Africa’s mining industry is in trouble: platinum mines are closing, gold miners are looking elsewhere and overall output is shrinking.

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Of Nationalising Mining Sector South Africa

Of Nationalising Mining Sector South Africa Keywords nationalization, South Africa, mining sector in the South African economy, ii the fiscal risks or benefits of nationalization, iii the efficiency of the mining sector But this model has some obvious limitations Twenty years later, only an essay on privatization by pics Essays on . Nationalising the Mines in South Africa Sarwatch invited a ...

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South Africa: Why nationalising the mines is not the ...

22/03/2011  South Africa: Why nationalising the mines is not the answer M inus the big hair, crown, and french accent, Julius Malema may well be South Africa’s own Marie Antoinette. This is especially true in light of his most recent talk-left walk-right statements concerning nationalisation of mines, a reality he apparently gleamed from President Zuma’s state of the nation speech.

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Debate on Nationalising the Mines in South Africa ...

23/02/2010  The Mining Industry in Southern Africa. Surface workers on South African mines earn roughly R1 500 (US$200) per month, while underground workers earn R3 000 (US$400) per month, figures which have not changed much since 2005 (Hlekiso Mahlo, 2006). In 2005 the average wage of a Canadian mine worker was US$ 2607 per month (Worldsalaries.org ...

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Mining industry of South Africa - Wikipedia

As of 2007, the South African mining industry employs 493,000 workers. The industry represents 18% of South Africa's $588 billion USD Gross Domestic Product. Coal. South Africa Coal production (red) and exports (black) South Africa is the world's third largest coal exporter, and much of the country's coal is used for power production. (about 40%) 77% of South Africa's energy needs are provided ...

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Mining in South Africa: The Challenges and Opportunities

Mining in South Africa: the challenges and the opportunities 2 September 2016 18 • Non-gold mining sector can grow at 3-5% pa, resulting in more balanced country growth rate (double size of non-gold mining by 2028). • If mining had grown at same pace as rest of economy between 1994 and 2013, country’s growth rate would have been 4% (not 3.2%)

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South Africa’s mining sector needs to make intentional ...

07/09/2021  South Africa’s mining sector has all the right ingredients needed to be a driving force in global mining and resources. We have a good foundation, a mature industry with diverse commodities, excellent universities that are still supported by mining companies, a high intake in students for mining-related courses, exceptional experience to tap into for coaching and mentoring, and an awareness ...

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South African Mining: A Path to Competitiveness and Growth ...

06/02/2019  Unless the South African mining industry can improve its cost competitiveness, even sharper declines in its fortunes could be ahead. McKinsey research finds that 47 percent of South African mining jobs, along with 42 percent of revenues, are in the vulnerable bottom quartile of global cost competitiveness. Global trends, such as the transition to clean energy and a shift in China’s

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List of mines in South Africa - Briefly

11/07/2019  The economy of South Africa is heavily influenced by the mining sector which is a major contributor of the economic growth in the country. The big earners in the country are either into mining or doing some form of retail business that everyone relies on. Image: pexels Source: UGC. With the list of mines in South Africa, one can easily tell that mining is indeed a major income earner for ...

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Africa's pandemic-hit mining sector faces exploration ...

South Africa - a leading producer of platinum, palladium, chrome and gold - was the worst-hit African nation, with overall mining exploration budgets at a 17-year low. The Democratic Republic of ...

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South Africa GDP From Mining 1993-2021 Data 2022-2023 ...

GDP From Mining in South Africa increased to 223192.20 ZAR Million in the second quarter of 2021 from 218964.10 ZAR Million in the first quarter of 2021. GDP From Mining in South Africa averaged 223218.49 ZAR Million from 1993 until 2021, reaching an all time high of 240357.55 ZAR Million in the fourth quarter of 2006 and a record low of 146083.34 ZAR Million in the second quarter of 2020.

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Industry Research - IDC

07/05/2021  The global additive manufacturing landscape and implications for South Africa. A strategic analysis of South Africa’s pumps and valves industry. Exploring the development potential of a regional rice value chain in the Southern African Development Community. An overview of the clothing, textiles, footwear and leather sector’s performance.

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disadvantages of nationalising mining sector south africa

Disadvantages Of Nationalising Mining Sector South Africa. distinguishing feature of the south african mining industry at present is that almost all nationalising the mines in south africa, in defence of marxism (feb. lands.47 in addition to living in re-designated homelands, problems with.

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FACTS AND FIGURES POCKETBOOK2020 - Minerals Council South ...

South African mining industry, with an estimated 340,000 people downing tools on the first day Khumbul’ekhaya health and safety initiative launched 13 2012 14 2014 15 2016 16 2017 17 2018 18 2019 First diamond discovered in South Africa, near Hopetown – called Eureka, it weighed 21.25 carats Mining Charter is launched Marikana tragedy on the platinum belt George Harrison discovered the ...

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Overview of the South African Mining Industry

Putting South Africa First SA mining industry is at a critical cross-roads 22 The industry’s safety performance has improved considerably and is a very big focal point. Commodity prices at low levels, implying flat to declining revenue growth amidst struggling volume growth. Mining investment and capital expenditure impacted by SA credit rating downgrades and global capital constraints ...

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Mineral industry of Africa - Wikipedia

The majority of South Africa's nickel output was a coproduct of platinum metals group mining. Higher South African production was partially attributable to increased output from the Nkomati mine. In 2005, South Africa accounted for 47% of African nickel mine output; Botswana, 43%; and Zimbabwe, 9%. Minor tonnages of nickel were recovered as a byproduct of cobalt operations in Morocco. In 2004 ...

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2020 mining risk survey report - KPMG South Africa

Our view of the South African mining industry is very similar to these global results, but with some key specific South African challenges and opportunities. Below are some points we extracted from the survey. Similarities: Commodity price risk remains the top risk to the global mining industry, and we believe the same applies to South African mines. While there have been significant increases ...

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SA Mine 9th edition - 2017 - PwC South Africa

3 SA Mine 9th edition ighlighting trends in the South African mining industry wC 4 Despite the improved financial performance, regulatory announcements in June 2017 resulted in market capitalisation dropping to June 2015 levels. The subsequent recovery to the end of August was aided by improved USD prices and hope by investors that the suspended new Mining Charter would be revised before final ...

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South African mining projects worth R20bn ensnared by red ...

03/02/2021  MORE than R20bn of potential investments in South African mining projects by members of the Minerals Council was tied up because of regulatory hurdles, said the council’s CEO, Roger Baxter, on Wednesday.. He was speaking at the annual Investing in African Mining Indaba on a panel discussion on government and private sector collaboration. Other panelists from the mining industry

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Is there an opportunity to build back South Africa's ...

10/12/2020  South Africa’s mining industry may have shown resilience and weathered the COVID-19 storm but companies will need to focus on their strategies, particularly when it comes to environmental, social and governance (ESG) matters. This is according to a recent report by PwC on the state of country’s mining industry. The report paints the sector in a positive light stating that despite an ...

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Roots of Apartheid: South Africa’s Mining Industry

The development of South Africa’s mining industry, and how it laid the foundations for Apartheid Although some mining had taken place in what is now South Africa centuries before Europeans arrived, 1 the modern mining industry emerged as the major shaper of South Africa’s economy and race relations in the latter half of the 19 th century. Important diamond deposits were discovered at ...

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Key issues facing the mining sector - Deloitte South Africa

Whilst mining companies cannot hope to consistently predict commodity demand or price movements, there are some strategies they can use to manage market volatility: Strengthen portfolio management. Link value to price. Integrate production and trading operations. Commodity market imbalances. Download the report.

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