JOHANNESBURG, Investors in the mining sector have called on the South African government to do more to increase the number of black-owned mining companies.
This was raised by investors during the Mpumalanga Investor Conference convened this week at the Kruger National Park in the northeastern province of Mpumalanga by the provincial Department of Economic Development and Tourism in partnership with the Mpumalanga Economic Growth Agency.
Role players in the economy of the province discussed new investment opportunities at the conference in sectors such as mining and agriculture. Mpumalanga is known for its vast coal mines in the Emalahleni area.
Coal mined in the province accounts for the production of some 83 per cent of the country’s electricity. However, coal mining has a negative impact on the environment through its air and water pollution.
Ayanda Bam, the Executive Chairman at Kuyasa Mining (Pty) Ltd in Emalahleni, said the country needs to find ways to use coal without or with lesser pollution. He also raised a concern about the lack of transformation in the sector and that black people not only need to have shares in the sector, but must also own the mines.
They must actually own it; they must be decision-makers; they must be able to work up in the morning and go and address their workforce and make the living conditions of their workforce different to what they 20 years ago,” he added.
“That is one of the key challenges I think that is facing this country, being able to get ownership that is active participation of black people. They must be part of the economy. You can’t be part of the economy by just being a shareholder.
Source: NAM NEWS NETWORK