https://staging3.creamermedia.com
R/€ = 19.8921 Change: 0.0063
R/$ = 18.2623 Change: -0.0082
Au 2391.25 $/oz Change: 3.18
Pt 1066.45 $/oz Change: -1.20
 

Cartoon

HEAT IS ON

By: Darlene Creamer     10th May 2024 Reaction to BHP’s bid price for Anglo American may be cool, but it has definitely ignited renewed interest in mega mining mergers. It has also brought to the fore the importance of copper to the emerging energy transition and, more worryingly, investor weariness of South Africa as a mining... 

HEAT IS ON

COALITION MATHS

By: Darlene Creamer     3rd May 2024 With the polls suggesting that the African National Congress is unlikely to secure an outright majority in this year’s election, much attention is being given to coalition politics. While this is arguably an inevitable outcome of our proportional-representation system, many voters are rightfully... 

COALITION MATHS: With the polls suggesting that the African National Congress is unlikely to secure an outright majority in this year’s election, much attention is being given to coalition politics. While this is arguably an inevitable outcome of our proportional-representation system, many voters are rightfully concerned, given the poor performance of many municipal coalitions.

STILL FLYING

By: Darlene Creamer     26th April 2024 Years of State capture, corruption and ongoing crime and violence have left deep scars and have taken most of the gloss of any celebrations marking 30 years of democracy. Nevertheless, South Africa is still a significantly better place than it was before 1994 and has made some strides towards... 

Cartoon image

STORM WARNING:

By: Darlene Creamer     19th April 2024 The storms that lashed the Cape earlier this month caused devastating damage, with many still picking up the pieces. One can only hope that the coming election storm is far more benign, but some of the pre-election rhetoric is cause for concern, while some pre-election coalition pacts seem to be... 

The storms that lashed the Cape earlier this month caused devastating damage, with many still picking up the pieces. One can only hope that the coming election storm is far more benign, but some of the pre-election rhetoric is cause for concern, while some pre-election coalition pacts seem to be facing real headwinds.

UNDERWHELMED

By: Darlene Creamer     12th April 2024 While voters will receive three quite different looking ballots on May 29, this seeming increase in choice is not necessarily translating into greater excitement. Yes, some independents will feature for the first time and, yes, there are some interesting new parties. But with some form of... 

UNDERWHELMED: While voters will receive three quite different looking ballots on May 29, this seeming increase in choice is not necessarily translating into greater excitement. Yes, some independents will feature for the first time and, yes, there are some interesting new parties. But with some form of coalition likely, voter enthusiasm has been dampened by the poor performance of such arrangements at the municipal level. Before treating the day as a day off, however, South Africans would do well to remember the sacrifices made to ensure that all adult citizens have the right to vote.

SHOCKING

By: Darlene Creamer     5th April 2024 As expected, stakeholder responses to the Department of Mineral Resources and Energy’s gas-heavy Integrated Resource Plan 2023 has been far from complementary. While still a draft, some commentators believe it should simply be recalled, given its outlandish assumptions, lack of transparency and... 

SHOCKING: As expected, stakeholder responses to the Department of Mineral Resources and Energy’s gas-heavy Integrated Resource Plan 2023 has been far from complementary. While still a draft, some commentators believe it should simply be recalled, given its outlandish assumptions, lack of transparency and utter failure to craft a credible response to ongoing loadshedding.

WATER WORRIES

By: Darlene Creamer     29th March 2024 Gauteng’s three metropolitan councils are now failing regularly to ensure that their residents and businesses have a constant supply of water. The massive outages in March brought to the fore not only the poor state of the province’s water infrastructure, which is prone to leaks, but also... 

WATER WORRIES: Gauteng’s three metropolitan councils are now failing regularly to ensure that their residents and businesses have a constant supply of water. The massive outages in March brought to the fore not only the poor state of the province’s water infrastructure, which is prone to leaks, but also worrying capacity problems at Rand Water, both physical and human – epitomised for many by that notorious “closed valve” that prevented vital water flows for days on end.

EXTREME PRESSURE

By: Darlene Creamer     22nd March 2024 The Competition Commission’s Media and Digital Platforms Market Inquiry has thrown some light on the existential crisis being faced by South Africa’s media. Part of the problem lies in the weak economy, but a large portion arises from the disruption associated with the rise of giant digital... 

Cartoon image

GAS CLIFF

By: Darlene Creamer     15th March 2024 Warnings of a gas day zero in 2026 are alarming, but not new. There has however, been very little progress on possible remedies. Disputes over gas pricing have arguably made cooperation difficult, but that is what is desperately needed. All eyes are now on the government-led task team set up to... 



GAS CLIFF: Warnings of a gas day zero in 2026 are alarming, but not new. There has, however, been very little progress on possible remedies. Disputes over gas pricing have arguably made cooperation difficult, but that is what is desperately needed. All eyes are now on the government-led task team set up to develop a joint strategy and whether that strategy will be sufficient to ensure a so-called seamless transition to non-Sasol gas.

LOADSHEDDING GRIEF

By: Darlene Creamer     8th March 2024 There is grave peril in forecasting any improvement to the loadshedding outlook, as President Cyril Ramaphosa found recently when Eskom declare Stage 6 days after he suggested in his State of the Nation Address that the worst was over. Likewise, the credibility of Electricity Minister Kgosientsho... 

Cartoon 8 March

OWN GOALS

By: Darlene Creamer     1st March 2024 The 2024 Budget has, once again, highlighted what happens when government scores one own goal after another. True, there have been some disruptive external shocks, most recently the Covid lockdowns and the energy shock associated with Russia’s invasion of Ukraine. However, far too many of the... 

OWN GOALS: The 2024 Budget has, once again, highlighted what happens when government scores one own goal after another. True, there have been some disruptive external shocks, most recently the Covid lockdowns and the energy shock associated with Russia’s invasion of Ukraine. However, far too many of the current fiscal problems stem from doing the wrong thing consistently over a long period of time. Turning the crisis around requires more than the penalty-saving heroics of our Bafana Bafana keeper.

HANGING ON 

By: Darlene Creamer     23rd February 2024 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.
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