You can also listen to this podcast on iono.fm here. This transcript is a translation from the original interview, which was conducted in Afrikaans and aired on RSG Geldsake, here. RYK VAN NIEKERK: Mines are one of South Africa’s most important economic sectors and although they contribute only 8.7% to the gross domestic product, they also support various other sectors such as the manufacturing and logistics sectors.
Thungela mints money as Ukraine war sends coal prices into orbit RYK VAN NIEKERK: And then which industries do you think fared worse than others? KOBUS NELL: If you include the packaging companies, Mondi had a really poor year. It was one of the poorest shares in terms of returns, and that is something rarely seen. Mondi was usually in the middle of the pack. It had a very difficult year.
The battle for Royal Bafokeng Platinum hits the home stretch RYK VAN NIEKERK: Then finally, what do you expect for next year? KOBUS NELL: Ryk, I think if one looks at investment in commodities, one has to consider cycles. They are cyclical investments, when one looks at them, and I think they will always be. If we look back, mining companies reached their peak on a relative basis around February 2022.
Is there an understanding of how much illegal mining takes place and what rand value would we place on it and what is lost to the fiscus