PETER STEENKAMP - HARMONY GOLD
Over the past 25 years we have seen considerable change in the South African mining industry. Despite the industry’s affinity to political influence, vast improvements have been witnessed in both the safety and healthcare of our employees, and the handling of our labour relations and industrial actions. The dawn of democracy has given rise to an industry that is more collaborative, employee-focused and that has made the lines of communication and engagement much better. It is by no means perfect or without flaw, however, through joint efforts between all stakeholders, we collectively strive for an industry that is beneficial to everyone. The rise of South Africa’s middle class is certainly testament to the progress we are achieving in our new democracy.
The biggest disappointment, however, has been the mismanagement and corruption, particularly at our State-owned companies. Exorbitant expenditure as a result of misappropriated funds has unfortunately made us lose sight of more prescient matters that the State could have focused on such as infrastructure development, improved healthcare systems, education and improved service delivery to our people.
The ripple effect has been the negative perception of South Africa when it should be a prime emerging market investment destination for the international community. Constant downgrades by rating agencies has stifled foreign investment into the country, and thus our ability to compete with other emerging markets on a global scale. As business leaders we need to work with all stakeholders to actively improve perceptions. Sustainable economic growth must be the country’s focus moving forward. We have to put policies in place that will stimulate investment and create jobs.
In mining, I believe the Fourth Industrial Revolution presents new opportunities for our industry. The technological advancements in the mechanised mining space will lead to safer working conditions, improved efficiencies and thus longer asset life. This will require our labour force to acquire new skills in order for them to thrive in this new dawn.
As a diverse and multicultural company, we believe in the empowerment of our employees at all levels, and strive to provide a working environment that is non- discriminatory and promotes diversity, health and ethical behaviour. I certainly hope that we can continue to make strides in this direction as a company and as South Africans over the coming 25 years.