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Public Hearings on Mineral and Petroleum Resources Development Amendment Bill

Explore the impact of declining profitability in the mining industry and the importance of crafting investment-friendly legislation to boost the South African economy. Gain insights from public hearings on the Mineral and Petroleum Resources Development Amendment Bill.

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Public Hearings on Mineral and Petroleum Resources Development Amendment Bill

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  1. Public Hearings on Mineral and Petroleum Resources Development Amendment Bill Sandy McGregor 18 September 2013

  2. The South African economy is driven by the • commodity prices • The commodities boom of the past decade is • ending

  3. All Commodity Index ($) Source: Igraph, Bill (SG 160913m)

  4. South African Exports ($m per year) Source: Igraph, Bill (SG 160913m)

  5. Profitability of the mining industry has declined • significantly • Mining companies are cutting back on capital • spending • In this environment it is important to craft • investment friendly legislation

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