• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Africa’s mining sector to improve in 2019

The Matters Press by The Matters Press
February 6, 2019
Reading Time: 2 mins read
0
Africa-Europe Alliance presents progress report

Africa

Africa

Africa’s mining sector will continue to improve in 2019, in spite trade wars and increased regulatory challenges, Mark Buncombe, Head of Mining and Metals at Standard Bank, has said.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

The bank said over the last 18 months, the focus has been on debt reduction and balance sheet repair after the 2013-2015 downturns.

In spite escalating trade wars keeping commodity prices in check and increased regulatory challenges across the continent generally, the sector will continue to improve this year, it said.

“We remain cautiously optimistic that Africa’s mining sector offers real opportunity for expansion in 2019 in spite the challenging global macro environment and uncertain commodity prices,” said Buncombe.
He stated that 2019 is expected to see a renewed focus on mergers and acquisitions, saying there will be “more investment expected where policy makers have actively encouraged investment.”

He cited Ghana as an example, saying “once policy makers build a business and investment-friendly legislative environment the market responds very quickly.”

The standard bank stated that Namibia, Botswana, Mozambique and Ghana have favourable legislative environments on the continent.

In another development, with about 50,000 jobs losses looming in both the public and private sectors in 2019, South Africa’s largest trade union federation said it is ready to embark on a national march in protest against this.

The Congress of South African Trade Union (Cosatu) General-Secretary, Bheki Ntshalintshali, on Tuesday said in Johannesburg that workers are ready to defend their livelihood.

“Cosatu believes the labour movement must develop ways of contesting retrenchments at an industry-wide and economy. We demand a moratorium on all retrenchments,” Ntshalintshali said.

Cosatu is expecting thousands of members to participate in the march in eight provinces next Wednesday.

Ntshalintshali said workers’ views on the structure of the economy should be considered.

“The fight against job losses means that workers must have a say in how the economy is structured and managed.”

State-owned entities such as power utility Eskom and mining companies especially in the platinum sector are among those expected to retrench workers.

Cosatu’s spokesperson Sizwe Pamla said that generating profits is the main reason companies resort to retrenching workers.

“When we were doing an assessment, we realized that it’s profits more than anything else that push the retrenchments.”

Tags: AfricaMining
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Egypt’s economic strides excite AfDB

Africa’s future promising - AfDB

Nigerian Air Force hits, kills bandits

Nigerian Air Force hits, kills bandits

Recommended Stories

Africa needs partnership to boost blue economy – Tinubu

Africa needs partnership to boost blue economy – Tinubu

December 13, 2023
N125bn MSMEs intervention: IT critical to ensuring transparency – ITSSP

FG to implement NASME’s N1bn youth, women empowerment fund

October 27, 2023
A transformed fertilizer market is needed in response to the food crisis in Africa

Food inflation: Dry season farming to the rescue?

November 29, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us