In December 2012 the governing African National Congress (ANC) finally settled the issue of nationalisation of mines that had spread alarm through the sector for much of the year. “The issue of nationalisation as we have discussed during the past few months is off the table. The ANC affirms its historical position on this topic – strategic...
South Africa Energy
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Articles & Analysis | On the table: With questions regarding ownership set to the side for now, the focus has turned to taxation from The Report: South Africa 2013
Interviews & Viewpoints | OBG talks to Simon Scott, Acting CEO, Lonmin from The Report: South Africa 2013
Interviews & Viewpoints | OBG talks to Sipho Nkosi, Chief Executive, Exxaro Resources from The Report: South Africa 2013
Articles & Analysis | Far reaching: Preparing for a prosperous future as demand for commodities rises from The Report: South Africa 2013
The mining industry in South Africa is the fifth largest in the world, and today it accounts for around 5% of the nation’s GDP. The sector remains one of the country’s most important sources of employment, providing 16.2% – or nearly 1.4m – of the total formal non-agricultural jobs, according to a recent study by Quantec, an economic and...
Articles & Analysis | A vital resource: Coal is essential to national electricity generation from The Report: South Africa 2013
The low cost and relative abundance of South Africa’s coal has assured it a central place in the nation’s economic life; according to the Chamber of Mines of South Africa, in 2012 94% of domestic electricity generation was derived from coal-fired thermal power stations, which consume about 130m tonnes of the 250m tonnes produced annually in...
Chapter | Energy & Utilities from The Report: South Africa 2013
Ensuring that the economy is well served by South Africa’s energy resources has become one of the government’s overriding concerns. Coal deposits are South Africa’s primary energy resource, with reserves estimated at 30.16bn tonnes as of the end of 2011. Due to an electricity deficit, the government has commissioned two coal-fired power stations, but even as new capacity is added, demand...