By Johnathan Paoli
Despite facing a challenging economic landscape in 2024, South Africa’s mining sector has witnessed a noteworthy increase in merger and acquisition (M&A) activity.
In a virtual meeting held by the SA Mine Project and Africa Energy, Utilities and Resources under the PricewaterhouseCoopers (PwC) brand of firms on Tuesday, the recent 2024 PwC SA Mine Report was outlined and discussed.
According to the report, the current year has been marked by significant challenges for mining companies, with a primary focus on safeguarding their balance sheets.
It found that a combination of declining commodity prices – except for gold – retrenchments, and falling stock values has pushed companies to explore strategic avenues for survival and growth.
PwC Africa’s Energy, Utilities and Resources leader Andries Rossouw emphasised that companies have had to look beyond traditional mining operations to effectively navigate the downturn.
“Safeguarding their balance sheets has become a top
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