RED TAPE is delaying investment worth R90-billion in ready-to-go mining-related projects, at a time when the South African economy is in desperate need of such projects proceeding, to create jobs and to stimulate economic growth.
Projects worth R30-billion would be able to proceed if the 4 000-plus mining and prospecting rights backlog could be eliminated, and R60-billion worth of renewable energy projects could release 3 900 MW into the energy space if inhibiting bureaucracy were removed, Minerals Council South Africa has revealed in response to President Cyril Ramaphosa’s State of the Nation address (SoNA).
Against the background of the President appointing stalwart Sipho Nkosi to remove red tape, Minerals Council CEO Roger Baxter stated in a release to Mining Weekly: “We need to do things completely differently to get economic growth back to 5% per annum. The government should be the chief enabler and the private sector the chief doer,” said Baxter, who cited the mining sector’s full and partial Covid-19 vaccination of 74% of its 450 000
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