President Ramaphosa vows to remove growth impediments

South Africa’s President, Cyril Ramaphosa has vowed to remove all impediments, to trigger sustained mining industry growth.

The industry continues to be an essential part of the economy, generating a record R1.18-trillion last year, despite being forced to cope with energy and logistics snarl-ups.

Despite the trillion rand-plus earnings, South African mining is far from realising its full potential – and it is important that the President has noted that.

Meanwhile though the energy crisis and problems with port and rail operations persist, the outlook for the year ahead has been dampened by concerns about security, illegal mining, and the pace of structural reform.

Ramaphosa says South Africans must collaborate to achieve a secure supply of electricity, accelerate economic reforms to improve the operating environment, tackle illegal mining and damage to infrastructure, and improve the regulatory environment.

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