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Mining: The foundation for South Africa’s future

Yesterday (30 July), Mark Cutifani, Anglo American's Chief Executive, spoke at the Gordon Institute of Business Science in Johannesburg and shared his views on how South Africa's mining sector should act as a catalyst for growth amidst tough socio-economic conditions.

During Mark’s presentation “Mining - A driver for growth: Improving South Africa’s competitiveness as an investment destination“ (watch in full on our South African site and read the speech transcript), he focused on how South Africa can build its future on the foundations of mining, as its future is inextricably linked to what happens in its mining industry. 

“Mining remains the country’s most important industry, contributing about 18% of South Africa’s GDP, 60% of exports, more than 500,000 direct jobs, and more than 800,000 indirect jobs. Through taxes and other benefits, mining pays for 20 cents in every Rand that is invested in public infrastructure and social benefits,” he told the assembled delegates. 

Watch the full presentation.

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