South African Business 2018 edition
Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.
Welcome to the sixth edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za.
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com.
First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provincial economies. Feature articles on topical issues such as sustainability and African trade provide unique insights, together with an interview with the newly elected chairman of the African Association of Automotive Manufacturers, Mr Thomas Schaefer. Another special feature focusses on an exciting project to transform South Africa’s small harbours and coastal properties.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. Visit www.globalafricanetwork.com for more business and investment news, opportunities and events.
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Mining<br />
The <strong>South</strong> <strong>African</strong> mining landscape is changing.<br />
OVERVIEW<br />
When Gold Fields in 2013 spun off some of its older<br />
mines to a new company to be called Sibanye Gold,<br />
most of the attention was focussed on the older<br />
company’s remaining asset in <strong>South</strong> Africa, the <strong>South</strong><br />
Deep mine. The thinking was that <strong>South</strong> Deep would be a more<br />
attractive investment proposition if it was uncoupled from the less<br />
profitable mines.<br />
What has happened instead is that Sibanye has diversified and<br />
grown to such an extent that it now has a new name, Sibanye Stillwater,<br />
which reflects its R30-billion purchase of mines in the US that produce<br />
platinum and palladium. It also bought several <strong>South</strong> <strong>African</strong> platinum<br />
assets including Aquarius Platinum and the Rustenburg mines<br />
of Amplats. Sibanye is now the third-largest producer of palladium<br />
and platinum in the world, and one of the 10 biggest gold producers.<br />
The gold sector has lost thousands of jobs in the last five years.<br />
Part of the reason for Gold Fields wanting to unbundle was political<br />
uncertainty in the mining sector. A new mining charter (Mining<br />
Charter 3) has not gone down well with mining companies. The<br />
level of black ownership and whether or not that percentage must<br />
be “topped up” every time a black shareholder sells, are just two of<br />
the contentious issues. The Chamber of Mines says that the value of<br />
SECTOR INSIGHT<br />
Sibanye Stillwater has become<br />
a global leader in just<br />
three years.<br />
• Operation Mining Phakisa<br />
Lab aims to fast-track<br />
solutions.<br />
BBBEE deals since the year 2000<br />
is R205-billion.<br />
The mining industry itself is<br />
looking at new ways of doing<br />
business. At its 127th annual general<br />
meeting where a new CEO<br />
was appointed in May 2017, the<br />
Chamber of Mines announced<br />
that it would be rebranding.<br />
Guided by the Zambezi Protocol,<br />
the Chamber wants mining to<br />
be more positive and construc-<br />
65 SOUTH AFRICAN BUSINESS <strong>2018</strong>
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