By Sisanda Nkoala
CAPE TOWN, Feb 10 South Africa’s Western Cape Province has hailed the mining industry for its contribution to job creation in the province.
The Western Cape Economic Opportunities Department said here Monday that close to 5,000 direct and indirect jobs had been created as a result of Cape Town hosting major mining conferences.
The Mother City is hosting from Monday the African Mining Indaba, a four-day event to be held at the Cape Town International Conference Centre where some 7,000 delegates from 110 countries will gather.
The Indaba is an annual event which brings together mining professionals from all over the world with a focus on investment and capitalisation. It unites investors and deal-makers who converge to discuss attractive mining opportunities throughout Africa.
The Western Cape government says that since the Indaba (meeting) was first held in the province in 2006, it has generated more than half a billion rand (about 43 million US dollars) for the local economy.
Mineral Resources Minister Ngoako Ramatlhodi will deliver a keynote address on Tuesday. His special adviser, Mahlodi Muofhe, said here Monday that the government would use the conference to assure investors about the stability of South Africa’s mining industry.
Muofhe added that the government would also use the opportunity to re-assure investors that South Africa is a good place to do business in, “by emphasising regulation certainty in the mining sector”.