Mining Indaba By Koketso Mamabolo
Investing in African Mining Indaba 2023 What did the President and DMRE Minister share in their addresses?
P
resident Cyril Ramaphosa concluded his address at this year’s Mining Indaba with an optimistic view of where the mining industry is and where it’s going: “As the world changes, mining is changing with it and the industry stands ready to seize the opportunities that the future presents.” The President was one of many speakers representing different industry stakeholders at the four-day conference, held in Cape Town, which presented an opportunity for the country to engage in dialogue with the international community on the
state of mining and what its future looks like. The theme for this year was “Unlocking African Mining Investment: Stability, Security and Supply”. “Mining has been the bedrock of African economies for millenia, and it continues to play a pivotal role in development and industrialisation across the continent,” said the President in his address. It’s no wonder the summit pulled together thousands of people from across the world, who came to listen to the insights of decision-makers, learn from the experiences of industry leaders and get to understand the latest trends in mining.
24 | Public Sector Leaders | February 2023
Mining is leading the way in developing new technologies
The mining sector contributes almost half a million direct jobs, and just under a million indirect jobs. According to the President, the revenue generated in the sector, which produced a record high of R1.18-trillion last year, is a great contribution to the economic reconstruction and recovery of the country following the COVID-19 pandemic.