Mining remains vitally important to South Africa’s economy

Mining has been the main driving force behind the development of South Africa’s economy.

The industry, however, is seemingly in terminal decline.

The Money Show’s Bruce Whitfield interviewed Chamber of Mines South Africa Chief Economist Henk Langenhoven.

Langenhoven said mining is still important to South Africa’s economy.

He also touched on the following:

  • Relentless cost increases

  • Commodity price volatility

  • Capital availability/costs (downgrades)

  • Policy uncertainty

  • Institutional decay

For more detail; listen to the interview in the audio below.

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