The Minerals Council South Africa today, 14th October 2021 published its annual comprehensive collection of industry information in the Facts and Figures 2020 Book.
Notwithstanding the impact of the COVID-19 pandemic in 2020, including the lockdown on the industry and the economy from March 2020, the mining industry:
- Contributed R371.9 billion to GDP (2019: R376.4 billion)
- Employed 452,866 people (2019: 462,039)
- Paid employees R151.7 billion (2019: R144.4 billion) and contributed R26.2 billion (2019: R22.7 billion) to PAYE on behalf of employees
- Paid R34.7 billion in value added taxes (2019: R36.9 billion) and R11.8 billion in royalties (2019: R8.6 billion)
- Saw primary mineral sales amounting to R609.8 billion (2019: R552.4 billion)
- Exported R450.6 billion worth of minerals (2019: R361.7 billion)
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Minerals Council CEO Roger Baxter commented: “The negative impact on mining was lighter than that compared to many other parts of the economy due to the excellent cooperation and collaboration between the industry and government in getting the sector safely back to work as quickly as possible. Many mining companies recorded increased revenues and profits, thanks to higher commodity prices and a weaker Rand”.
As mining plays a significant role in the economy of our nation, it is important for industry data to be freely available so that stakeholders can understand how the sector is performing.
In this document, Minerals Council Chief Economist, Henk Langenhoven, and his team, use data to showcase our industry, and provide some insight into what the numbers mean for our country and the future of our mining industry.
This publication, curated by the Minerals Council’s economics team, may be accessed at: https://www.mineralscouncil.org.za/industry-news/publications/facts-and-figures
Mining industry employers’ organization
The Minerals Council South Africa (Minerals Council) is a mining industry employers’ organization that supports and promotes the South African mining industry. The Minerals Council serves its members and promotes their interests by providing strategic support and advisory input.