iAfrica

Be Smart About South Africa

South Africa’s Promise for Investing in Mining

The SA government is looking at setting up a new electricity generation business outside Eskom, which could potentially use gas, says mineral resources & energy minister Gwede Mantashe. He also announced at the Investing in African Mining Indaba in Cape Town on Monday that there were no restrictions on companies producing power for internal use. The theme of the 26th Investing in African Mining Indaba is “optimising growth and investment in the digitised mining economy”, but on Monday, as the conference started, the words on everyone’s lips were load-shedding. Mantashe’s opening address at the indaba, was unusually quick to address the question on everybody’s mind: how can you begin to talk about optimising growth and investment in SA when you can’t provide the mining industry with a stable supply of power? As delegates from far and wide made their way into the venue, a welcome pack included a nifty self-charging torch, courtesy of Anglo American, serving as a not-so-subtle reminder that in SA, the land of power cuts, such a device will come in handy.

SOURCE:  TIMES LIVE

Share with your network!