No longer simply the exploiters of resources and people, the mining industry in South Africa today invests R3.9-billion a year in corporate social investment projects, more than any other sector on the stock exchange. Most of this investment is in communities around the mines' operations.
Graça Machel and Tony Blair are the keynote speakers at the Investing in African Mining Indaba, now in its 20th year. As head of the Foundation for Community Development, Machel leads the sustainable development sessions. A host of other global mining leaders and economists are scheduled to speak.
What is load shedding? How does Eskom balance electricity supply and demand? How much power do different appliances use? What precautions should I take? As South Africa enters another period of tight electricity supply, power utility Eskom has produced a series of handy infographics to answer these and other questions.
South Africa's membership of the Brics group of emerging powers has been criticised – mostly based on the small size of its market. But the country punches above its weight, with the world's largest mineral resources and sound financial standing. These strengths underscore its value to the Brics' development bank.
African countries are collaborating to remove barriers to inter-country trade on the continent, President Jacob Zuma says on the sidelines of WEF. Allowing investors to move freely across borders is necessary for business to flourish, and red tape preventing this is being cut by governments.
The World Economic Forum's Global Competitiveness Index ranks South Africa as the 56th most competitive economy out of 144 countries, the highest standing on the African continent and ahead of its Brics developing economy partners India and Brazil.