The economic recovery strategy published in July by Business For SA , aimed at achieving high levels of inclusive economic growth to recover from the Covid-19 crisis and the economic crisis that preceded it, must form the basis for any recovery plan.
The alternative will require the country’s leaders to adopt and implement a significant pro-competitiveness structural and institutional reform agenda based on tough choices, leading to the country realising its true economic and transformational potential. The Minerals Council has identified eight areas that need to be urgently addressed if a recovery in the mining industry is to occur and output and jobs are to be saved and expanded in the next four years. Some are mostly the responsibility of the government; others require initiative from the industry. Most importantly, almost every aspect requires the collaborative efforts of the government and business, together with labour and other stakeholders, including communities.
Modernisation has a foundational role to play. Through technology, mechanisation and digitisation, mines can improve operational performance, cost efficiency, safety and productivity; extend the lives of mines; increase production; and create new and improved job opportunities, especially for women. Companies need to make new and improved efforts to gain their social licence to operate from communities. One reason for challenging relationships and demands from local communities is failure of basic service delivery by local government. However, some community investments by companies have also not been effective.
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