Author: Jinghe Chen

IT’S no secret that mining is a big business in South Africa. According to the Minerals Council South Africa, mining produced R878 billion ($50 billion) in exports, employed around 476,000 people, and contributed 4% of the country’s GDP in 2022. Yet, in the year ending in November 2022, according to the most recent StatsSA data, South Africa’s mining output decreased by 9% year over year, making it the country’s fifth consecutive year of decreasing mining output. To add salt to the wound, it fell to its lowest-ever ranking for mining investment attractiveness in the same year. Mines in the country…