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Zuma speech: SA needs stable mining

By Sapa | May 30, 2013 | COMMENTS [ 8 ]

He said the mining sector remained the cornerstone of the economy, "even though now smaller, relative to the size of the overall economy".

South Africa needs a stable mining industry in order to increase its economy growth, President Jacob Zuma said on Thursday.

"Our country needs a stable and growing mining industry. Mining has been a key feature of this country's economy for more than 130 years," Zuma told reporters at the Union Buildings in Pretoria.

He said the mining sector remained the cornerstone of the economy, "even though now smaller, relative to the size of the overall economy".

Mining accounted for six percent of the country's gross domestic product (GDP) and generated 60 percent of South Africa's export revenue, he said.

The mining sector employed about one million people including nationals from neighbouring countries.

Zuma said the mining sector had been negatively affected by the depressed global economic growth, especially in Europe.

"The global recession has led to substantial declines in commodity prices and in the demand for our minerals abroad," he said.

"And when our mining sector is in difficulties, this affects the wider economy, leading to industrial slowdown."

Zuma said 2012 was a difficult year for the mining sector with the death of more than 40 people during a strike in Marikana.

However, government had acted to address labour relations in the mining sector.

Last week, Deputy President Kgalema Motlanthe was tasked to lead talks with labour and the mining companies, assisted by finance, labour and mineral resource ministers.

Zuma said Finance Minister Pravin Gordhan had been using every available opportunity to reassure foreign and domestic investors of government's seriousness and commitment to the mining sector.

Mining Minister Susan Shabangu would also continue supporting the mining industry -- in policy and operational aspects -- to promote stability in the sector.

"Also high on the agenda is the improvement of the living conditions in the mining town, which we committed to as business, government and labour in October last year," Zuma said.

He called on all concerned parties to "recognise the impact of the industrial relations environment on jobs and development".

Zuma said everything done in the mining sector should be done to strengthen and grow it.

All sectors of the economy to work harder to strengthen economic performance.

"We must strengthen economic performance and increase growth," Zuma said.

"We cannot deliver growth on our own. We need business labour and community sectors to play their part. More importantly we need all South Africans to play their part."

A united effort was needed to improve economic growth from the 0.9 percent GDP reported in the first quarter of 2013 to the 2.7 percent targeted by government for the year, Zuma said.

COMMENTS [ 8 ]

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Old 'shoot the b@stards' Shabangu is the one who keeps calling the mining houses the 'enemy'. How on earth do you expect her to negotiate this

May 30, 2013 1:52 | 0 replies

Ag JZ, you f***ing prick. Its YOUR UNIONS that are destroying the mining sector. Why are you addressing the media on the issue when you should be addressing your alliances.

May 30, 2013 2:17 | 0 replies

"Wether it was fish that swallowed jonah or him who swalowed fish, both of them arrived at ninive"- howe can mining increase the economy when his grand and grand grand children embark on illegal mines, also stealing from the poor of the poorest.

May 30, 2013 2:19 | 0 replies

It's turtle called Zuma must go and tell this BS to his nephew Khulubuse and his friend Zondwa Mandela. Thousands of families starved to death thanks to Khulubuse stripping the mines and selling them so that he can buy himself 10 chickens to eat per day and get his gigantic frame in sport cars.

Until you have instructed Fat Khulubuse to pay the Grootvlei miners their due, shut it Casanova. Besides, I can bet you were just reading a speech that you saw just before you had to read and therefore don't even understands what you are saying.

May 30, 2013 2:24 | 0 replies

eish mara hloho e le!! lol, its like the main bedroom upstairs.

May 30, 2013 2:25 | 0 replies

WordofGod
"main bedroom upstairs"

LMAO

May 30, 2013 3:32 | 0 replies

Please don't waste your time talking politics while others are enjoying their lives with money without politics. See how this South African poor woman became a millionaire just by buying and selling accidented cars. Go to (ACCIDENTED CARS dot COM) to see the methods and companies she was using to do that. (ACCIDENTED CARS dot COM), a very simple idea but a very powerful one, Wake up Africans

Jun 10, 2013 2:56 | 0 replies
Jun 21, 2013 1:45 | 0 replies