South Africa represented by the Minister of Mineral Resources, Mr. Mosebenzi Zwane, and the Minister of Trade and Industry, Dr. Rob Davies, continued to promote the country's mineral and mining sector at the Mining Indaba 2018 at the Cape Town International Convention Centre (CTICC) from 5 to 8 February 2018.
Minister Rob Davies addressing the Investment Q&A at the Mining Indaba 2018. Photo: The Department of Trade and Industry
The importance of beneficiation of South Africa's mineral resources has been continuously emphasized by both Ministers in order to enhance the country's economy. With this, South Africa recognized a notable progress on the development of a fuel cell bus prototype in partnership with Busmark, a local bus body manufacturer, and Titanium powder.
Caterpillar, a leading manufacturer of construction and mining equipment, has invested over R1.3 billion in the past ten years which will empower local and black owned enterprises through Enterprise and Supplier Development. The investment is in line with the Broad-Based Black Economic Empowerment’s Equity Equivalence Investment Programme (EEIP), as noted by Minister Davies.
Minister Davies said: “Through this deal we will see Caterpillar, the world’s leading manufacturer of construction and mining equipment empowering our people. Four components have been identified for phase one : mining buckets, truck bodies, coolants and gensets. About 3900 jobs both direct and indirect are expected to be created through this partnership."
In addition, the Minister added that South Africa has opportunities for investment in any sector of the economy and government is ready to support investors through InvestSA, an initiative of the Department of Trade and Industry (the dti).
On the other hand, Minister Zwane called for all stakeholder to work together to resolve all the challenges facing the industry in order to move the country and the economy forward. He emphasized that he is open and ready to further engage with the industry stakeholders on pertinent issues regarding the amendments of the III Mining Charter.
Minister Zwane further said: “There are issues that government is not willing to compromise, issues of transformation, the health and safety of all mineworkers as well attraction of investments.”
The DMR’s Deputy Minister, Godfrey Oliphant, also assured investors that their investments are in safe hands and that the country has a potential to mine over the next 100 years.
Currently, the partnership between the two departments brought over 50 Junior Miners in response to the launch of the Junior Miners Program in 2017. Team South Africa will continue to further promote the country’s mineral strength at the South African Pavilion, with the Department of Science and Technology also showcasing the robotic display.