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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OVERVIEW<br />
demand from the fuel cell industry will replace the decline in demand for<br />
catalytic converters. Other areas that are being investigated are jewellery,<br />
where the Platinum Guild International will try to stimulate more demand.<br />
Coal and platinum group metals (PGMs) have overtaken gold as<br />
the minerals generating the biggest sales volumes. Coal, iron ore, gold<br />
and platinum group metals collectively make up 80% of <strong>South</strong> Africa’s<br />
mineral sales.<br />
<strong>South</strong> Africa is the second-largest exporter of steam coal in the world<br />
and is the number-one producer of andalusite. Copper mines in Aggeneys<br />
in Namaqualand are responsible for approximately 93% of <strong>South</strong> Africa’s<br />
lead production and 12% of all world lead exports.<br />
There are 20 chromite mines in the North West Province located<br />
along a reef running from Brits to Rustenburg and serviced by several<br />
ferrochrome smelters.<br />
The Northern Cape produces more than 84% of <strong>South</strong> Africa’s iron<br />
ore. Kumba Iron Ore is the country’s biggest iron-ore miner. Its two mines<br />
(Sishen and Kolomela) produced 69.8-million tons in 2016. The company’s<br />
Thabazimbi mine was sold to ArcelorMittal <strong>South</strong> Africa in 2017.<br />
ArcelorMittal also stepped in to keep the structural mill of Evraz Highveld<br />
Steel in Mpumalanga running. Evraz Highveld went into business rescue<br />
in 2015. Assmang (a joint venture between Assore and <strong>African</strong> Rainbow<br />
Minerals) is the other big iron-ore producer. Analysts at Investorintel.com<br />
expect the <strong>South</strong> <strong>African</strong> ferrochrome market to be dominated by two<br />
major players, Samancor and Glencore. This follows the closure of three<br />
operations: Tata (in KwaZulu-Natal), International Ferro Metals and ASA<br />
Metals. Mitsubishi has said that it wants to sell its shareholding in Hernic<br />
Ferrochrome. Afarak and Traxys are smaller operators in the sector. A new<br />
iron-ore sampling plant at Saldanha, a joint venture between Kumba and<br />
Transnet, allows exporters to certify the quality of their product before<br />
the ore is loaded on to ships for export.<br />
The Kalahari Basin contains 80% of the world’s manganese reserve, but<br />
only 15% of global production comes from this area so there is enormous<br />
scope for development. Several new black-owned manganese projects<br />
are under way.<br />
Vedanta started work in 2015 on its R9.4-billion Gamsberg<br />
Zinc project. The new mine is near to Vedanta’s existing Black<br />
Mountain mine in the Northern Cape Province.<br />
ONLINE RESOURCES<br />
Chamber of Mines of <strong>South</strong> Africa: www.chamberofmines.org.za<br />
Geological Society of <strong>South</strong> Africa: www.gssa.org.za<br />
Mining Qualifications Authority (MQA): www.mqa.org.za<br />
National Department of Mineral Resources: www.dmr.gov.za<br />
<strong>South</strong> <strong>African</strong> Institute of Mining and Metallurgy:<br />
www.saimm.co.za<br />
Anglo American is investing<br />
R2-billion to expand production<br />
at its diamond mine near<br />
the town of Musina in Limpopo.<br />
In the Free State, De Beers’<br />
Voorspoed mine will have a<br />
production capacity of 800 000<br />
carats per year when it is fully<br />
operational.<br />
A new mineral sands project<br />
on the West Coast near Lutzville<br />
and Koekenaap has started sending<br />
product to China. Australian<br />
miner Mineral Commodities<br />
says it will spend R5-billion at its<br />
Tormin mine to 2019 in search of<br />
zircon, rutile, ilmenite and garnet.<br />
Sixteen rare earth minerals<br />
have been identified north of<br />
Vanrhynsdorp, with the most<br />
prevalent being cerium, an<br />
important component of catalytic<br />
converters. <strong>South</strong> Africa<br />
is a world leader in converters.<br />
Other minerals found at the site<br />
are used in magnets, batteries<br />
and electric-powered cars.<br />
SOUTH AFRICAN BUSINESS <strong>2018</strong><br />
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