The Minerals Council South Africa’s review of the mining industry’s performance, presented at its 135th annual general meeting in May, shows that despite ongoing challenges, including lower non-gold commodity prices, rising electricity tariffs, and persistent logistical bottlenecks, the industry remains a key part of the economy.
The review mainly considers the industry’s performance last year.
Mining continues to support job creation, foreign exchange earnings, and industrial activity, reinforcing its importance to South Africa’s economic and social development, says the Minerals Council.
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The key highlights of the review:
- Mining’s contribution to the economy accounted for 6.1% of GDP, with total primary sales reaching R800.9 billion. Its declining contribution reflects structural challenges like regulatory uncertainty and infrastructure constraints, not a lack of potential
- Fatalities declined by 24% and serious injuries by 17%, reflecting progress towards the industry’s goal of zero harm
- While total employment declined, the industry supported 474,876 jobs and paid out R191.0 billion in employee earnings — a year-on-year increase in total wage payments
- Continued progress was made in energy security, logistics, and regulatory reform through active policy engagement
The Minerals Council says it remains focused on advocating investment, innovation, and inclusivity in the mining industry in 2025 and beyond. “The goal is to create an environment where capital investment in mining can thrive, the workforce is empowered and protected, and South Africa can take its rightful place as a leader in global mining,” it says in a statement.
