Chamber of Mines welcomes Zuma’s recognition of sector

The Chamber of Mines South Africa expressly welcomes President Jacob Zuma’s emphasis on mining as a key driver of economic growth and employment creation in his State of the Nation Address.

In his address the President indicated that the economy needs to grow at least at 5% per annum to meaningfully create employment. From the Chamber’s perspective, and as encapsulated in the National Development Plan, we believe mining has a key role to play in realising this higher growth rate.

The Chamber notes with enthusiasm the pronouncement on the streamlining of the mining licensing system to be completed in under 30 days. This is a clear demonstration by government that it is committed to providing regulatory certainty therefore encouraging new investments in the sector.

“We hope that this will indeed yield benefits, new green fields projects and further expansion of current operations within the sector”, said Mike Teke, President of the Chamber of Mines.

The sector is further encouraged about the tax incentives to encourage employers to absorb youth into job opportunities. We will engage with the relevant departments to further understand how the sector can contribute towards the implementation of this incentive as we seek to reaffirm our partnership with government on job creation and economic growth.

“We would like to see robust action within NEDLAC on areas that cross cutting sectors need to cooperate on. More synergies on the various task teams that are working in these areas need to be streamlined to yield much needed results,” said Teke

The Chamber notes the pronouncements on the Mining Charter compliance targets and is cooperating with and supporting the charter audit process. Transformation and competitiveness go hand in hand and are mutually reinforcing

“The sector remains committed to the current review process that the Department of Mineral Resources is undertaking. As the Chamber we have encouraged our members to constructively engage in this process. We are proud as a sector on the progress we have made in relation to transformation, skills development and safety, but at the same time we acknowledge the depth of our country’s social challenges and recognise that more still needs to be done,” said Ms Khanyisile Kweyama, Vice President of the Chamber.

Press Release

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