Mineral resources and energy minister Gwede Mantashe says the mining industry remains a strong pillar of South Africa’s economy.
According to the Fraser Institute survey, South Africa is in the bottom quartile of the 'investment attractiveness' index.Mineral resources and energy minister Gwede Mantashe says the mining industry remains a strong pillar of SA’s economy.
He said the sector created 23,552 jobs between December 2021 and December 2022, resulting in the overall employment of 472,088 workers. According to the SA Revenue Service , the mining sector contributed R89bn in corporate tax in the 2021/22 financial year, he said. A further contribution of mining to the country’s revenue through royalties stood at R28.45bn in the same period, keeping its percentage contribution to GDP at 7.53%.
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