Mining expected to tackle South Africa’s needs

JOHANNESBURG — The mining sector is faced with a choice: either actively raise its contribution to the country’s developmental needs, or risk being strong-armed by the government’s resolutions on mineral policy adopted at the African National Congres (ANC)’s elective conference in Mangaung.

The ANC last week ruled out nationalisation as a policy option, and even though the sector still faces the prospect of more taxes and export restrictions on yet-to-be declared strategic minerals, the ruling party has said it would return the favour if the industry showed its enthusiasm towards tackling South Africa’s problems.

Apart from taxes and strategic minerals, the policies also speak to beneficiation and social upliftment.

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