18 Jun 2013

Mining

Banning, a bad idea

That's the message according to research released last week by Econometrix. The results show that a ban on alcohol advertising would cost nearly 12,000 jobs and almost R1.8bn in tax revenue.

The government has, as expected, dismissed the findings as one-sided etc, but one has to ask whether the full implications of banning alcohol advertising, Health Minister Aaron Motsoaledi's latest target, have been properly thought through.

Econometrix senior economist Rob Jeffrey said his research also revealed that there was no statistical relationship in South Africa between advertising expenditure and the consumption of alcohol.

Also on the government beat, the SA government wants an investigation into spy allegations made by a UK newspaper, which claims that SA delegates were among those who attended the 2009 Group 20 meeting who were put under surveillance.

The poorest of the poor are the first to suffer when food prices rise and now Agriculture, Forestry and Fisheries Minister Tina Joemat Pettersson says high prices are a threat to food security. Dead right - so what about doing whatever possible to not only keep commercial farmers on the land, stop landing them with wage bills they cannot sustain, and generally ensuring that we produce food here, rather than have to import it - because the latter will cost a great deal more.

You know you've always wanted one, and now is your chance to get your hands on one - a GoPro, that is... with accessories, with Bizcommunity.com. Just create or update your MyBiz Profile on Bizcommunity and win an awesome GoPro camera and accessories worth over R6,000!

Rod Baker, Content Director

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Weekly top stories

Government firm on solving mining woes
PRETORIA: Deputy President Kgalema Motlanthe, appealing to a very disparate audience to solve one of the country's thorniest problems, moved closer on Friday, 14 June 2013, to averting a potential crisis in the mining sector as he implored industry players to do everything they can in the push for stability in South Africa's mining sector. Read more >>

Mining
Investor protection: Security of tenure of mining rights in SA
[Jackwell Feris] The South African mining industry has, over the past few months, received a significant amount of bad publicity, inter alia, on the nationalisation of mineral resources, socio-economic concerns and the dangerous labour unrest, which all seems to have added to the fact that South Africa's ranking as an attractive mining investment destination has dropped even further according to the latest report released by the Canada-based Fraser Institute. Read more >>

Government, parties pledge to stabilise mining sector
PRETORIA: In an unprecedented meeting held in Pretoria on Friday, 14 June 2013, government and key players in the mining sector agreed on a plan to work together to ensure the sustainability of the mining sector for the future of South Africa's economy. Read more >>

Government firm on solving mining woes
PRETORIA: Deputy President Kgalema Motlanthe, appealing to a very disparate audience to solve one of the country's thorniest problems, moved closer on Friday, 14 June 2013, to averting a potential crisis in the mining sector as he implored industry players to do everything they can in the push for stability in South Africa's mining sector. Read more >>

Mining-related laws need urgent attention - Capel
The haphazard approach to prospective and new mining laws in South Africa is unacceptable, especially considering the sector's volatility over the past year. This is according to the Bench Marks Foundation, an independent non-governmental organisation mandated by churches to monitor the practices of multi-national corporations. Archbishop Desmond Tutu launched the foundation in 2001 and the Rt Rev Dr Jo Seoka chairs the organisation. Read more >>

Create/update your MyBiz Profile on Bizcommunity and win!
[Issued by Bizcommunity.com] Create or update your MyBiz Profile on Bizcommunity before 30 June 2013 and stand a chance to WIN an awesome GoPro camera and accessories worth over R6000. The winner will be picked via a lucky draw and announced on 1 July 2013 on Biz, Facebook and Twitter. Read more >>  visit press office >>


Mines
Steel market doldrums hurt BSI
[Mark Allix] BSI Steel's headline earnings per share plummeted 51% in the year ended March 31 amid declining steel consumption in the South African market. Read more >>

RBCT helps 4.3m tons of coal leave SA
[Helmo Preuss] Richards Bay Coal Terminal (RBCT) - one of the world's largest leading coal export terminals - saw a 6% year-on-year (y/y) fall in tonnage shipped to 4.3m tons (Mt) after a 20.6% y/y surge to 6.2Mt in April. Read more >>

Manufacturing up but stats may be distorted
Manufacturing production rose 7.0% year-on-year in April from a 2.2% year-on-year decline in March‚ data released by Statistics SA on Tuesday (11 June) revealed. Read more >>


Government

Beneficiation can promote industrialisation, jobs
Beneficiation can promote industrialisation and boost job creation, Trade and Industry Minister Rob Davies says, and added that it would ensure that more value was added to domestic mineral products before exporting them. Read more >>


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