Key Trends and Pressures Shaping South Africa’s Mining Sector
Insights of Sitsaba Bekwa and Lindokuhle Ntumba from Aon South Africa’s Mining Team.
Mining has powered South Africa’s economy since diamonds were discovered near Kimberley in 1867, sparking a wave of foreign investment and infrastructure growth. Today, the sector contributes 6% to GDP, generates nearly half of the country’s export value and supports over 460,000 direct jobs and countless indirect jobs. But the industry is in transition - balancing Environmental Social and Governance (ESG) pressures with the booming demand for critical minerals like copper, lithium and Platinum Group Metals (PGMs), essential for renewable energy and electric vehicles. With automation, digitalisation and cleaner energy solutions gaining pace, South Africa must position itself as a competitive, responsible mining leader on the global stage.