'Rolling blackouts impeding mining sector to reach full potential' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

President Cyril Ramaphosa cited electricity shortages and inefficiencies in logistics as one of the challenges impeding the progress in the mining sector, during his keynote address at the Investing in African Mining Indaba in Cape Town.

An excavator removes layers of earth at a mine

Mining production in South Africa last year reached a record high of R1.18 trillion, boosting our GPD, exports and revenues. Despite this achievement, Ramaphosa said the industry is far from realising its full potential, saying “This is indicative of the challenges we need to confront and overcome.” Ramaphosa said the government is determined to remove all impediments and to create an environment that will drive sustained growth in mining. He says they are taking steps to address challenges like electricity shortages and illegal mining.

This, he says, includes the importation of 300 megawatts of electricity from neighbouring countries and the government is working to increase this by an additional 1 000 MW.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I wonder way is Ramaphosa so open for miming prospects? Is it because it involves he's wife?

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Unity SA calls for forward looking, effective ministers in cabinet reshuffleIn an open letter to President Ramaphosa, Busa names six ministries it says need ‘special attention’ Suppose South Africans calling for forward looking, effective business leaders. And pigs cal fly
Source: BDliveSA - 🏆 12. / 63 Read more »