Minerals Council supports B4SA initiative to revitalise SA economy and mining post COVID-19

What if Mining could make a substantial and meaningful difference to the post-COVID-19 economy?

Revitalising the South African economy is imperative to building a better future for our country, our people and our industry.

If the issues that are holding us back are addressed, we could embark on a path of inclusive growth and investment, and ultimately, a better future for all #MakingMiningMatter #MakingMiningBetter

Don’t let perfect get in the way of good

What if government and business worked together to tackle critical issues, together?

A rising tide lifts all ships

What if mining could make an even more substantial and meaningful difference to South Africa’s post-COVID economy?

Everything seems impossible until it is done

What if the mining industry was at the forefront of technological and human innovation and modernisation?

What if the road really was less travelled?

Imagine the benefit of adequate and reliable rail and port infrastructure.

Opportunities multiply as they are seized

What if exploration was encouraged and increased?

Today’s seeds are tomorrow’s trees

What if SA mining was attractive to investors, government and industry collaborated better, electricity and transport infrastructure was reliable and affordable, and exploration increased?

A bend in the road is not the end of the road unless you fail to make the turn

What if SA mining was made attractive to investors again?

Everything seems impossible until it is done

What if the mining industry was at the forefront of technological and human innovation and modernisation?

What got you here, won’t get you there

What if there was greater collaboration between government and industry to jointly develop community plans, with community members, and to better direct and track progress?

Necessity is the mother of invention

What if we saw the COVID-19 crisis as an opportunity to rethink the future of SA?

The Minerals Council South Africa supports the accelerated economic strategy developed under the auspices of B4SA aimed at achieving much higher levels of inclusive economic growth to recover from the COVID-19 crisis, and the economic crisis that preceded it. The Minerals Council has been actively involved in the development of the strategy and has identified a number of critical areas for the mining sector that need urgently to be addressed if the recovery is to occur and output and jobs saved and expanded in the next four years.

B4SA has identified as priorities the following: the critical need to improve the country’s competitiveness and ease of doing business rankings; urgent steps to improve business and investor confidence; significant structural and institutional reforms; policy consistency; regulatory reform; addressing crime and corruption; infrastructure investment; SOE restructuring, optimisation or exit; energy industrialisation strategy; economic transformation and supporting BEE; addressing skills shortages; and investing for modernisation. Each of these are critical for the recovery, sustainability and growth of the overall economy and the mining industry.

The Minerals Council has been specifically involved in developing industrial strategies, including mining. The following critical issues have been developed for the mining industry:

If the right actions are taken in these spheres, it could result in an additional $3.6 billion in mineral sales, $0.3 billion additional tax revenues, 70,000 jobs saved and an additional 26,000 mining jobs and 47,000 indirect jobs by 2024.

B4SA economic relief measure materials

Infographic: Economic recovery strategy (10 July 2020)

Narrative: Economic recovery strategy (10 July 2020)

Presentation: Economic recovery strategy (10 July 2020)

Resources

Presentation: Minerals Council supports B4SA initiative to revitalise SA economy (06 August 2020)