Action plan not enough to lift ailing mining sector, says CoM

July 14, 2017

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While Finance Minister Malusi Gigaba’s new economic action plan has been welcomed, the Chamber of Mines (CoM) believes that more must be done to stabilise an industry in crisis. With some 70 000 jobs lost over the past five years, and declines in net and gross investment over the past two years, National Treasury’s action plan, as it currently stands, did not effectively deal with the critical challenges facing the mining sector, CoM said in a response statement to the action steps announced on Thursday.

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