Mining is central to Ramaphosa's stimulus package

07 October 2018

President Cyril Ramaphosa’s undertaking in his stimulus package to restore confidence in the mining sector, after former Mineral Resources Minister Mosebenzi Zwane nearly destroyed it, is a welcome development. South Africa’s economic fortunes have always been linked to mining. Whenever mining boomed, the rest of the economy was in better shape.

Since the discovery of gold and the establishment coal-fired power stations, mining has powered South Africa’s industrialisation. Domestic and international demand for our resources contributed to South Africa’s status as the most developed economy in Africa.

To read the article titled " Mining is central to Ramaphosa's stimulus package - so business must support him " click here
 

Source: 
Fin24

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