Mining industry in South Africa
Since then, the mining industry has become hugely important to the country, contributing roughly 219.5 billion South African Rand (roughly 12.8 billion U.S. dollars) in 2021 to South Africa's ...Web
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Since then, the mining industry has become hugely important to the country, contributing roughly 219.5 billion South African Rand (roughly 12.8 billion U.S. dollars) in 2021 to South Africa's ...Web
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Globalisation will have a significant impact on African nations, their economies and societies during the next decade (Geo-JaJa 2003).King and McGrath argue that African countries, in order to compete more effectively and efficiently in economic markets increasingly dictated by globalisation, will need to develop policy strategies …Web
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Nobody knows all of the environmental and social effects of globalisation. The following listing is necessarily incomplete and brief. I have devoted the most space to the biological effects of globalisation. Items are in no particular order. Loss of Biodiversity Reduced Genetic Diversity in AgricultureA profound reduction ofWeb
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Introduction. Africa is on the verge of an unprecedented mining boom. This boom is attracting tens of billions of dollars in foreign investment (Janneh & Ping 2011; Zhang 2011) and will result in substantial economic growth and development, but it also carries big risks for African societies and the environment.Here we highlight potential …Web
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The study examined the effects of economic globalisation and institutions on environmental quality in Sub-Saharan Africa between 2002 and 2017. The researchers used generalised method of moments technique and the results showed that institutions have a positive impact on environmental degradation, while economic globalisation and …Web
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impact of globalisation on economic growth in BRICS (Brazil, Russia, India, China and South Africa) and the Organization of Islamic Cooperation (OIC) countries, respectively. On this basis, the study also investigates factors that moderate the impact of globalisation on economic growth in Africa.Web
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It concludes that there is increased similarity in mining practices resulting from globalization and while they have not resulted in a descent to the lowest common …Web
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In economics, globalization can be defined as the process in which businesses, organizations, and countries begin operating on an international scale. Globalization is most often used in an economic context, but it also affects and is affected by politics and culture. In general, globalization has been shown to increase the …Web
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Background Mining activities, including prospecting, exploration, construction, operation, maintenance, expansion, abandonment, decommissioning and repurposing of a mine can impact social and environmental systems in a range of positive and negative, and direct and indirect ways. Mining can yield a range of benefits to …Web
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Latif et al. (2018) and Samimi and Jenatabad (2014) found that direct foreign investment, ICT and the income level of countries played a significant moderating role on the impact of globalisation on economic growth in BRICS (Brazil, Russia, India, China and South Africa) and the Organization of Islamic Cooperation (OIC) countries, respectively.Web
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While globalization has increased the movement and interconnection of goods, technology, and information, it has also affected employment. Many studies have analyzed the impact of globalization on employment creation resulting in positive and negative findings. However, an area of literature still needs to be explored studying how …Web
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The impacts of global changes in climate are rapidly escalating in South Africa. Unless concerted action is taken to reduce greenhouse gas emissions, temperatures may rise by more than 4 °C over the southern African interior by 2100, and by more than 6 °C over the western, central and northern parts of South Africa [1, 2].Extreme weather …Web
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Why are miners in southern Africa at high risk of tuberculosis? The mining industry is among southern Africa's largest employers, particularly in the Republic of South Africa, where one of every ten employed men (at least 500,000 men) mines for gold, diamonds or other minerals [2, 3].The South African government reports the incidence …Web
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The mining industry directly contributes about 8% of the country's gross domestic product (GDP) and this contribution can be as high as 17% if indirect and induced effects are added. The gold and PGM mining …Web
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This article investigates the impact of globalisation on employment and wages in the South African manufacturing sector for the period 1993 to 2001. Globalisation has led to a more open economy. Export volumes have increased and manufactured goods have gained ground in relation to mining products. Within the manufacturingWeb
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The strong orientation towards regional economic security had a negative impact on global cooperation. ... During the 2023 Mining Indaba in South Africa, African states were invited to cooperate within the MSP framework, Footnote 79 but they must take initiative to ensure a take-up of these and other emerging opportunities. It is to Africa's ...Web
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Most of the global warming since 1950 (an increase of 0.7°C) has been the result of human activity. 32 Annual global emissions of carbon dioxide have increased over the past decade, as have the ...Web
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The study examines effects of globalization, while leveraging the triple bottom-line (TBL) theory to determine relationships with respect to each dimension of sustainability. A …Web
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Globalization shortens the distance between people all over the world by the electronic communication. In short, this research paper will try to zero in on the impact of globalization on new media ...Web
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Abstract. In this study, the effect of globalisation (both its de jure and de facto components) on economic development in sub-Saharan Africa (SSA) is examined. The work utilises an ex-post facto research strategy and analyses panel data of 35 SSA nations from 1995 to 2018 using the Dynamic Common Correlated Effects (DCCE) estimation ...Web
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The Global financial crisis and developing countries 2 Commodity price fluctuations 2 The global financial crisis and its impact on Africa 7 THE MINING INDUSTRY IN …Web
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Abstract. This paper examines a two-way relationship between globalisation, technology and sustainability. It traces the impact of globalisation on sustainable development while at the same time ...Web
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As of 30 June 2023, South Africa has approximately 68Moz of gold reserves declared as proven and probable from all operational mines. Approximately 84% of these declared reserves are concentrated in Gauteng, with the remaining declared reserves being in Mpumalanga, the Free State and North West. Produc. t.Web
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As one of South Africa's leading economic historians, Hobart Houghton noted, South African mining has always been an epic of applied science. Professor Chris Barnard put South African surgery on the global map with the world's first heart transplant in 1967, but South African mining engineering had long since already been on that map.Web
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Because of South Africa's particular mineral endowment, power and electricity grid constraints, and socioeconomic considerations, its mining industry faces …Web
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demand and made up 90% of Zambia's exports. Mining was run primarily by the British South African Mining Company, with indigenous people as forced laborers. Zambia itself did not benefit from the significant amount of money coming in from the sale of copper, as this was realized large labor groups organized encouraging nationalist movements.Web
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Over the past few years, the mining industry has been beset with a number of challenges including, amongst others: falling commodity prices, high input costs, infrastructure …Web
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The South African mining industry has a history of a range of major challenges, including high operating costs that have had a negative impact on mines' profitability and financial sustainability. The advent of Fourth Industrial Revolution technologies has opened up new opportunities for the mining industry, among other things, to improve its ...Web
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In the past few decades, globalization and sustainability constitute well received phenomena within business and academic discourse. On the other hand, contemporary mining supply chains typify peculiar areas wherein these manifestations are prevalent. While the mining supply chain has been economically beneficial to immediate …Web
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South Africa's mining industry has undergone drastic changes since the 1980s. There has been a persistent decline in the economic viability of the most important sector and the foundation on which the mining house system had been based - the gold industry.Web
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restrictions), (iii) the effect of disrupted global production and supply chains on South African exports, and (iv) the effect of uncertainty on business investment. The combined direct effects of these shocks are illustrated in Table ES1. These four channels of direct impact will have knock-on effects that spread through the entireWeb
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A fair globalization: Creating opportunities for all II. GLOBALIZATION AND ITS IMPACT II.1 Views and perceptions Common ground Africa Arab world Asia Latin America and the Caribbean Transition countries of Europe and Central Asia Western Europe and North America Business, labour and civil society II.2 Globalization: Its nature and impact ...Web
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Critical analysis of South Africa's actual experience with globalisation since 1994 may put into more "factual" perspective the claims that globalisation will inevitably lead to greater inequality through the labour market route and that developing countries can do little on their own to mitigate any adverse economic impacts of the process ...Web
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For South African mining companies, reducing Scope 2 emissions (electricity, heat, and steam from third-party suppliers) will be vital to any emissions …Web
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The $750 million South Africa COVID-19 Response Development Policy Operation supports government efforts to accelerate its COVID-19 response, aimed at protecting the poor and vulnerable from …Web
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