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DTI urges beneficiation for job creation

7th February 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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JOHANNESBURG (miningweekly.com) – The Department of Trade and Industry (DTI) reiterated the need for increased beneficiation of South Africa’s minerals to create jobs and drive enhanced revenue creation.

Speaking at an investment promotion workshop at the Investing in African Mining Indaba, in Cape Town, this week, DTI investment promotion chief director Yunus Hoosen said South Africa still exported most of its minerals as semiprocessed minerals, rather than high-value intermediate to finished products.

Brand South Africa CEO Miller Matola urged delegates to “take advantage of all investment opportunities” offered in the mining industry and other sectors, pointing out that South Africa was making “huge investments” in skills development, which would further drive the economy and create sustainable jobs.

The workshop, hosted by the DTI and Department of Mineral Resources (DMR), highlighted the country’s industrialisation ambitions, which were aligned to government’s beneficiation strategy and the Industrial Policy Action Plan.

“Industrialisation is outlined in the country’s medium-term growth plan, the New Growth Path, which identifies mineral beneficiation as one of the job drivers and one of the six key sectors for creating five-million new jobs by 2020,” said Hoosen.

The beneficiation of minerals was expected to accelerate manufacturing in South Africa for local consumption and for export.

Mineral Resources Minister Susan Shabangu previously noted that the beneficiation strategy provided a framework to translate the country’s “sheer comparative advantage” through its mineral resources endowment into a “national competitive advantage” and was aligned to the national industrialisation programme, which sought to enhance the quantity and quality of exports, promote the creation of decent employment and diversify the economy.

Edited by Creamer Media Reporter

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