Mining Contributes R451B to South African Economy, Says DMPR
The mining sector accounted for 6% of South Africa’s gross domestic product by contributing R451 billion to the economy in 2024, according to Gwede Mantashe, Minister of Mineral and Petroleum Resources said in Cape Town last week.
The industry’s gross value added rebounded by 0.3% in 2024, from a 0.5% decline in 2023. Export earnings reached R674 billion with R586.4 billion generated from primary minerals and R87.5 billion from processed minerals.
