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)
- Institutional decay
For more detail; listen to the interview in the audio below.
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