CEO Roger Baxter pins blame for SA’s falling productivity on bugbears eroding gains made elsewhere
An unstable energy supply and an inefficient logistics system are the two biggest risks to local junior miners, says outgoing Minerals Council SA CEO Roger Baxter who has called for urgent intervention from the private and public sectors to resuscitate the economy.
“If the electrons of the economy — effectively Eskom and energy — are not flowing then the system’s heartbeat is weak and that has a big affect on the body of the economy. Load-shedding, a failing logistics network and slowing global demand have constrained SA’s mining activity, with the latest electricity price hike adding further pressure to the already struggling sector.
Vice-chair of the SA Diamond Producers Organisation Lyndon de Meillon backed the sentiment saying not only are members losing out on an hour of production each time they have to switch over to generators, but the quality of the electricity supply is also deteriorating, causing ripple effects on hi-tech machinery.
This has led to an increase in trucks on roads, putting pressure on that infrastructure. Moreover, the cost of using road over rail is much higher while there also seem to be too few trucks to handle the required capacity.
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