Browsing: Transnet

Mining of precious metals
  • South Africa has adopted a number of measures aimed at boosting the country’s critical mineral industry.
  • In January 2023, mining production experienced its twelfth consecutive month-to-month decline, recording a decrease of 1.9 per cent.
  • According to the Minister of Mineral Resources and Energy Gwede Mantashe, the industry needs to advance a commitment to working together as stakeholders on the reconstruction and recovery of the mining industry. 

    South Africa’s vast reserves of critical minerals present a huge opportunity for the country to accelerate economic growth and boost employment creation, while ensuring the energy transition is just and inclusive.

    Statistics South Africa recently released its key findings for the fourth quarter of 2022, wherein the real Gross Domestic Product (GDP) decreased by 1.3 per cent. According to the report, the mining and quarrying industry decreased by 3.2 per cent and thus contributed -0.1 per cent to the GDP growth.

    Key to

Transnet crisis opportunities for financiers

Transnet Freight Rail, the South African rail logistics giant has few admirers lately. It has disappointed nearly all who rely on it to haul goods from where they are produced to where they are needed.

Infrastructure is critical for the flow of goods and services in an economy. Countries that have efficient infrastructure tend to find that goods and services flow relatively easily and, in a cost-efficient manner relative to their peers whose infrastructure is not in the same condition.

Where infrastructure is not optimally developed there, tend to be bottlenecks and constrictions that hamper the flow of goods and services in an economy. This is so important because you can almost predict how well an economy can and will perform from the state of its infrastructure.

Logistics are central to economic activity anywhere. This component of a country’s infrastructure needs to be in tip-top shape to support the businesses …