🇿🇦 What's the future of South Africa's mining sector? | Inside Story

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South Africa has some of the world’s biggest reserves of platinum, gold, iron ore and coal.

But mining now makes up less than 7% of its economic output, a steep fall from 20% in the 1970s.

Mining companies are blaming low prices and soaring production costs for their plans to cut thousands of jobs at a time the country is struggling with high unemployment rates.

Mining is also intertwined with race relations in South Africa.

The people who work deep underground in often dangerous conditions are overwhelmingly black, while the executives overseeing them are mainly white.

Some of the firms have pushed back against government plans to make them bring on more black shareholders.

So, is it a losing battle for the mining sector?

And can South Africa move away from its dependence on commodities?

Presenter: Mohammed Jamjoom

Guests:

Lebohang Pheko – Senior Research Fellow at Trade Collective – a non-profit think-tank.

Moleko Phakedi – Deputy General Secretary, South African Federation of Trade Unions.

Ralph Mathekga – Researcher and Lecturer at the University of the Western Cape.

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