South Africa's Mining Sector: Outlook for 2024 and Beyond
South Africa's Mining Sector: Outlook for 2024 and Beyond
Published on April 28, 2024
By Sipho Ndlovu
Mining
Source: Mining Weekly SA
South Africa
Mining
Economy
Commodities
Sustainability

South Africa's mining sector, a cornerstone of its economy, faces a complex landscape in 2024. While demand for certain commodities like platinum group metals (PGMs) and coal remains, the industry grapples with fluctuating global prices, domestic energy supply constraints, and an evolving regulatory environment.

There's a growing emphasis on sustainable and responsible mining practices, with companies investing in new technologies to reduce environmental impact and improve safety. Opportunities lie in the exploration of critical minerals vital for the green energy transition, but attracting new investment requires policy certainty and a stable operational environment. The sector's ability to navigate these challenges will be key to its future contribution to the South African economy.