Recipe for growth

South Africa must be
globally competitive if it
wants to see growth in its
mining sector, according
to Mike Fraser, chief
operating officer, South
32.
Yet the competitiveness
of the industry remains a
challenge.
“For some time input
costs have been rising
above inf lation while
resources are declining
in quality and are less
accessible,” said Fraser.
“Improving productivity is
one of the critical factors
in creating shared value
and growth. This is one
of the reasons why South
Africa’s ranking as a
mineral destination does
not equate to the country’s
mineral wealth.”
Fraser said the solution
could only be found in
better collaboration and
enhanced trust between
stakeholders.