https://staging3.creamermedia.com
R/€ = 20.7374 Change: -0.0129
R/$ = 19.1588 Change: -0.0127
Au 2025.35 $/oz Change: 0.88
Pt 898.24 $/oz Change: 9.13
 

Cartoon

HANGING ON

By: Darlene Creamer     Updated 5 hours ago HANGING ON: There was a near audible sigh of relief when ArcelorMittal South Africa announced a six-month deferral to its plan to close its loss-making long-products business. While the group sees a plausible case for salvaging the business, it stresses that the path relies on many moving parts,... 

Cartoon image

BUDGETARY MAZE

By: Darlene Creamer     16th February 2024 It is now almost impossible to remember a time when commentators were not describing the South African Budget as the most difficult ever for a post-apartheid Finance Minister to navigate. Given the backdrop of worsening fiscal balances and looming elections, however, it is sadly no cliché this... 

Cartoon image

ADDING CAPACITY

By: Darlene Creamer     9th February 2024 Concerns over under-investment into South Africa’s electricity grid have come to the fore strongly in recent years, with the lack of connection capacity having already prevented the construction of much-needed new renewables generation. While the new curtailment framework will release some... 

ADDING CAPACITY

ADMINISTRATIVE KNOT

By: Darlene Creamer     2nd February 2024 The continued growth and development of South Africa’s mining industry is stated policy. Sustaining the sector’s jobs, tax and export contribution requires ongoing exploration and development. This, to replenish resources and reserves ahead of the rate of depletion and to create new sources of... 

ADMINISTRATIVE KNOT: The continued growth and development of South Africa’s mining industry is stated policy. Sustaining the sector’s jobs, tax and export contribution requires ongoing exploration and development. This, to replenish resources and reserves ahead of the rate of depletion and to create new sources of production. Doing so, particularly in a highly regulated setting, requires clear and efficient administration of exploration and mining rights. Currently, the system is so broken there is a real risk of the industry’s lifeblood being cut off.

THE WORLD VOTES

By: Darlene Creamer     26th January 2024 Countries making up over 60% of the world's economic output and more than half of its population hold elections this year, including South Africa. While this should be a sign that democracy is thriving, these elections come at a time when democratic values are under extreme pressure. In many... 

THE WORLD VOTES

LONG SHADOW

By: Darlene Creamer     19th January 2024 It is difficult to argue against the principles underpinning the National Health Insurance Bill, approved by lawmakers late last year. As with all legislative interventions, however, the devil is truly in the detail. On this score, the Bill fails to offer assurances in the areas of affordability,... 

LONG SHADOW

NOWHERE TO HIDE

By: Darlene Creamer     15th December 2023 2023 has been a difficult year for South Africans. Besides being the worst-ever year yet for growth-sapping and jobs-destroying loadshedding, the years of corruption and mismanagement at Transnet are now being felt not only in the collapse of the rail service on key corridors, but in a port... 

Cartoon image

GRIEF & ANGER

By: Darlene Creamer     8th December 2023 The most recent bout of Stage 6 loadshedding by Eskom was not only a reminder that South Africa is far away from truly tackling the scourge, with the current focus on fixing Eskom in preference to adding new capacity proving itself, yet again, to be a high-risk strategy. It was also a tipping... 

The most recent bout of Stage 6 loadshedding by Eskom was not only a reminder that South Africa is far away from truly tackling the scourge, with the current focus on fixing Eskom in preference to adding new capacity proving itself, yet again, to be a high-risk strategy. It was also a tipping point for the country’s mood, which lifted slightly during the relative electricity stability that accompanied the Springboks’ World Cup triumph – an unhappy mood shift from pure joy to deep-seated anger.

COSTLY CONGESTION

By: Darlene Creamer     1st December 2023 The pile-up of ships outside South African ports is a costly reminder of the risks associated with mismanagement and corruption at a State-owned monopoly. Some vessels have been left at anchorage for more than two weeks, leading to the imposition of congestion charges and various other direct and... 

Cartoon image

UNJUST EXECUTIONER

By: Darlene Creamer     24th November 2023 While politicians often have an uncomfortable relationship with the truth, there was once a time when their commentary at least arose from a common set of facts. No longer. ANC secretary-general Fikile Mbalula is but one of a growing list of politicians using some of the “alternative facts” that... 

UNJUST EXECUTIONER: While politicians often have an uncomfortable relationship with the truth, there was once a time when their commentary at least arose from a common set of facts. No longer. ANC secretary-general Fikile Mbalula is but one of a growing list of politicians using some of the “alternative facts” that have come to envelop the country’s Just Energy Transition Partnership. This executioner of the truth stated falsely recently that the funding had “decapacitated us to the point where we are loadshedding today”. The accusation is not only wrong but dangerous.

FESTIVE CARTON

By: Darlene Creamer     17th November 2023 With millions of chickens having been killed over the past few months in response to an outbreak of avian flu, supplies of eggs have run low and prices have spiked. So precious have eggs become that some may well be hoping for a carton or two as relatives and friends break out their purses in a... 

Cartoon image

FIGHTING FIRES

By: Darlene Creamer     10th November 2023 As has been the case for several years and with several of his predecessors, South Africa’s poor growth rate continues to act as the main constraint in enabling Finance Minister Enoch Godongwana to release the resources needed to ensure social fairness, while maintaining fiscal balance. Until the... 

Cartoon image

FOUR THE PEOPLE

By: Darlene Creamer     3rd November 2023 Given how divisive both rugby and the Springboks were in the not-so-distant past, it is quite remarkable that the national team has become such a unifying force when divisions are growing in so many other areas. During what turned out to be a most stressful tournament for South African... 

Cartoon image

DOG WHISTLER

By: Darlene Creamer     27th October 2023 With no sense of irony, Minerals Resources and Energy Minister Gwede Mantashe continues to champion gas exploration and development while fighting internal Cabinet power struggles using the analogy of the warning that mice offer when running away from dangerous levels of methane underground.... 

DOG WHISTLER: With no sense of irony, Mineral Resources and Energy Minister Gwede Mantashe continues to champion gas exploration and development while fighting internal Cabinet power struggles using the analogy of the warning that mice offer when running away from dangerous levels of methane underground. This, while continually blowing a dog whistle against non-governmental organisations that have done little more than insist that government stick to its own laws and policies. He’s whistling a wrong and dangerous tune.

RED CARD

By: Darlene Creamer     20th October 2023 The Unemployment Insurance Fund (UIF), which is meant to support workers who lose their jobs, stands accused of serious foul play, with organised business and labour having both called for the fund to be placed under immediate administration. Besides alleged operational dysfunction, there is also... 

RED CARD: The Unemployment Insurance Fund (UIF), which is meant to support workers who lose their jobs, stands accused of serious foul play, with organised business and labour having both called for the fund to be placed under immediate administration. Besides alleged operational dysfunction, there is also deep unhappiness over the UIF’s decision to invest R5-billion in a well-connected company, Thuja Capital, which was hastily registered days before the award to pursue an “untested concept” to create jobs.

FALLING SHORT

By: Darlene Creamer     13th October 2023 The day after the National Development Plan was officially launched on August 15, 2012, was one of the darkest in South Africa’s history and the darkest since the advent of democracy. On August 16, 2012, 34 miners were shot and killed in what became known as the Marikana Massacre. The period... 

Cartoon Image

EXTREME FORECAST

By: Darlene Creamer     6th October 2023 As South Africa’s 2024 election approaches, the is a huge incentive for the incumbents to ramp-up spending and to announce new projects and initiatives. The problem they have this time round is that there is insufficient money available to sustain existing programmes, let alone embark on new... 

Cartoon image

PRESSURE COOKER

By: Darlene Creamer     29th September 2023 South Africa’s national accounts are facing pressures from every angle. With growth still flatlining on the back of extreme loadshedding, a collapse in freight rail and many municipal services, revenue collection is naturally underperforming. Borrowing has been ramped up to compensate at a time... 

Photo of cartoon

TRAIN WRECK

By: Darlene Creamer     22nd September 2023 The collapse in the performance of Transnet is well documented. The State-owned freight logistics group has been left broke and broken and there are growing indications that it too will be seeking some form of bail-out at some point. However, given that government’s fiscal buffers have also all... 

Cartoon Image

IRRESISTIBLE FORCE PARADOX

By: Darlene Creamer     15th September 2023 With elections looming, the governing party is unlikely to want to pull in its spending horns. However, the National Treasury is warning that it needs to do just that to avoid a looming debt crisis. In a letter seen by Sunday Times, the department outlined several drastic spending reduction steps... 

Cartoon Image

SANDS OF TIME

By: Darlene Creamer     8th September 2023 The Koeberg life-extension project is running years late and, with ongoing contractor claims, its final budget remains uncertain. For the nuclear plant to operate beyond July 2024, many more physical and licence-compliance steps are still required, including the separation of the unit licences to... 

SANDS OF TIME: The Koeberg life-extension project is running years late and, with ongoing contractor claims, its final budget remains uncertain. For the nuclear plant to operate beyond July 2024, many more physical and licence-compliance steps are still required, including the separation of the unit licences to allow Unit 2 to remain operational until the end of 2025. The regulator is said to have many questions and it is possible that, despite all the money and effort, Koeberg could be shut for a protracted period from the middle of next year.

RELUCTANT REFORMER

By: Darlene Creamer     1st September 2023 Government continually finds reasons, real and imagined, for failing to follow through with the structural reforms that have been identified as urgent to place the country on a growth pathway. The most recent high-profile delay has related to the mishandling of the Electricity Regulation... 

Cartoon Image

HEAT IS ON

By: Darlene Creamer     25th August 2023 The Copernicus Climate Change Service has confirmed July to have been the hottest month on record, with a global average temperature of 16.95°C surpassing the previous record set in 2019 by 0.33°C. July is estimated to have been about 1.5°C warmer than the average for 1850 to 1900. In several... 

Cartoon image

UPHILL STRUGGLE

By: Darlene Creamer     18th August 2023 While Some Eskom coal power stations are operating more stably and various private generation projects are offering some relief, loadshedding continues to weigh down the real economy. Manufacturers, farmers and miners don’t only face production disruptions but those reliant on domestic sales are... 

UPHILL STRUGGLE: While Some Eskom coal power stations are operating more stably and various private generation projects are offering some relief, loadshedding continues to weigh down the real economy. Manufacturers, farmers and miners don’t only face production disruptions but those reliant on domestic sales are facing the added problem of weak downstream demand as production shifts are curtailed and response to the cuts. Those reliant on exports, meanwhile, then face the added stress of a failing fright logistics network. It’s a real Sisyphean task.

STOP GAP

By: Darlene Creamer     11th August 2023 In many of Gauteng’s affluent suburbs it has become common to see banners highlighting resident-funded works programmes to fix potholes, cut grass and repair pavements. At a national level, similar schemes have developed around the country’s power, logistics and crime crises. As with the suburban... 

Cartoon image

EXPLOSIVE DECLINE

By: Darlene Creamer     4th August 2023 Residents and businesses that fall within the boundaries of the City of Johannesburg have always known that the council’s old slogan ‘a world-class African city’ was more aspirational than factual. Nevertheless, the recent explosion below Lilian Ngoyi Street (formerly Bree Street), which killed... 

Cartoon image

BURNING PLATFORM

By: Darlene Creamer     28th July 2023 The torching of more than 20 trucks in KwaZulu-Natal, Limpopo and Mpumalanga brought back nasty memories of the July 2021 riots, which shook South Africa to its core. The motives are not immediately clear, but it appears that the actions go beyond toxic xenophobia and mafia-style muscle flexing... 

BURNING PLATFORM: The torching of more than 20 trucks in KwaZulu-Natal, Limpopo and Mpumalanga brought back nasty memories of the July 2021 riots, which shook South Africa to its core. The motives are not immediately clear, but it appears that the actions go beyond toxic xenophobia and mafia-style muscle flexing and include an element of political intimidation, even terrorism. What is clear is that the torchings – together with sabotage at Eskom and Transnet, as well as construction-site hijacking – are further undermining investor confidence.

ANTI-SOCIAL MEDIA

By: Darlene Creamer     21st July 2023 Much of the hostility between Twitter’s Elon Musk and Meta’s Mark Zuckerberg ahead of the launch of Meta’s Threads tended to combine toxic masculinity with ego-fuelled bravado, epitomised by the cage-fight challenge. In the world of social media – or should that read anti-social media – the... 

ANTI-SOCIAL MEDIA

DESTRUCTIVE FORCE

By: Darlene Creamer     14th July 2023 Whether it was a tornado or a landspout the strong winds associated with the recent weather phenomenon that hit Inanda and Phoenix, in KwaZulu-Natal, left a deadly trial of destruction in its wake. As with the climate crisis, which is leading to more frequent and extreme weather events, South... 

DESTRUCTIVE FORCE: Whether it was a tornado or a landspout the strong winds associated with the recent weather phenomenon that hit Inanda and Phoenix, in KwaZulu-Natal, left a deadly trail of destruction in its wake. As with the climate crisis, which is leading to more frequent and extreme weather events, South Africa’s youth unemployment rate is building with catastrophic force. The most recent Quarterly Labour Force Survey shows that youth aged 15 to 24 years and 25 to 34 years recorded the highest unemployment rates of 62.1% and 40.7% respectively, against an overall official rate of 32.9%.

BREAKING POINT

By: Darlene Creamer     7th July 2023 In the years preceding the start of the loadshedding crisis in 2007, electricity commentators would regularly warn that the distribution sector was emerging as South Africa’s weakest link. That reality was masked by the subsequent collapse in performance of Eskom’s generation fleet and the delay... 

BREAKING POINT: In the years preceding the start of the loadshedding crisis in 2007, electricity commentators would regularly warn that the distribution sector was emerging as South Africa’s weakest link. That reality was masked by the subsequent collapse in performance of Eskom’s generation fleet and the delay to the megaprojects meant to close the supply gap. That mask has now started to slip, with distribution-level faults having become far more frequent and much longer in duration and are arguably causing more disruption to business and households than loadshedding.

BAND-AIDS & BAILOUTS

By: Darlene Creamer     30th June 2023 Although there is a degree of acceptance that South Africa needs to restructure its highly unequal health system, there is nevertheless genuine concern over the proposed National Health Insurance scheme. Given extreme corruption and mismanagement across the public health sector currently, it is... 

Cartoon image

DANGEROUS DECLINE

By: Darlene Creamer     23rd June 2023 While it is positive that the Blue Drop, Green Drop and No Drop reports are again being published after a gap of several years, the reports themselves point to a worrying decline in the status of the country’s water supply. The drop in drinking water quality is particularly worrying, as is... 

Cartoon image

GRID-LOCKED

By: Darlene Creamer     16th June 2023 A lack of investment into South Africa’s grid over the past number of decades is at last being recognised as a major constraint to the integration of much-needed new generation, such as the wind projects left stranded during a recent procurement round. Efforts are belatedly being made to navigate... 

Cartoon image

DARK HUMOUR

By: Darlene Creamer     9th June 2023 South Africans are known to use humour as a coping mechanism against many of the difficulties they face, from nonsensical political statements to corruption and incompetence. Citizens have become decidedly humourless, however, as daily power cuts affect their livelihoods, their ability to study... 

Cartoon image

DARK CLOUD

By: Darlene Creamer     2nd June 2023 South Africans can see and feel the devastating effects of daily power cuts on their lives and livelihoods. The country’s literacy crisis, by contrast, is far less visible but its impacts are likely to be even more devastating if not addressed. The 2021 Progress in International Reading and... 

DARK CLOUD: South Africans can see and feel the devastating effects of daily power cuts on their lives and livelihoods. By contrast, the country’s literacy crisis is far less visible but its impacts are likely to be even more devastating if not addressed. The 2021 Progress in International Reading and Literacy Study shows that the percentage of Grade 4 learners, children aged either nine or ten years old, who cannot read for meaning in any language has increase to over 81%. In 2016, the figure stood at 78%.

CHOPPY WATERS

By: Darlene Creamer     26th May 2023 At the time of writing, there was still no clarity as to whether South African defence equipment or ammunition had been loaded onto the Russian cargo vessel the Lady R, when it docked at the Simon’s Town naval base on December 6. What was clear, though, was that South Africa had entered choppy... 

Cartoon image

DANGER SIGNS

By: Darlene Creamer     19th May 2023 South Africa’s non-aligned foreign policy stance was relatively straightforward to maintain when the world was globalising and democratising. Conditions have turned decidedly hostile in recent years, however, with geopolitical tensions manifesting not only in trade wars but in real ones. If South... 

DANGER SIGNS: South Africa’s non-aligned foreign policy stance was relatively straightforward to maintain when the world was globalising and democratising. Conditions have turned decidedly hostile in recent years, however, with geopolitical tensions manifesting not only in trade wars but in real ones. If South Africa is to sustain its approach, it will need to become far more proactive in defining what it means rather than reacting to developments in a way that could see it either sliding unwittingly into one or other camp, or becoming entirely irrelevant on the international stage.

MIXED MESSAGES

By: Darlene Creamer     12th May 2023 The appointment of a dedicated Minister of Electricity was meant to ensure there was an individual to focus full-time on ending loadshedding and ensuring that the widely consulted Energy Action Plan (EAP) was implemented without delay. Since the appointment, however, there have been power... 

Cartoon image
1
2 3 4 5 6 7 8 9
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now
Free daily email newsletter Register Now