Outlook for mining in South Africa in 2019
702.CO.ZA / 09 JANUARY 2019 - 18:29 / RAY WHITE
What is the outlook for mining in South Africa in 2019?
Ray White (in for Bruce Whitfield on The Money Show) interviewed Thembinkosi Dlamini, a mining expert at Oxfam.
Dlamini was widely interviewed at the end of last year about illegal gold mining which reportedly costs South Africans R14 billion each year.
He blames political interference for decimating the South African Revenue Service’s (Sars) capacity to deal with illicit financial flows. Former Sars Commission Tom Moyane closed Sars’ illicit economy investigative unit, but Sars has since his axing announced it would be reinstated.
Dlamini touched on the strike by the Association of Mineworkers and Construction Union (Amcu) and the prospects of mining regarding its social impact.
Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER