Ramaphosa Calls for Local Mineral Processing and Manufacturing in South Africa
What happened
President Cyril Ramaphosa called for South Africa to move away from exporting raw and semi-processed minerals toward greater local processing and manufacturing. Speaking at the Vedanta Gamsberg Phase II Concentrator Plant inauguration in Aggeneys, Northern Cape, he stressed that the country must retain more of the economic value generated by its mineral wealth. Ramaphosa stated that South Africa must expand its refining, smelting, and manufacturing capacity while supporting local suppliers and technology companies.
From sanews.gov.za
Why it matters
The call aims to strengthen domestic industrial capacity and establish the Northern Cape as a center for mineral beneficiation and manufacturing. Ramaphosa noted that other countries have historically captured much of the value, technology, and employment associated with South Africa's natural resources. This policy promotes adding greater value to mineral resources within the South African economy.
Ramaphosa is calling for industrialization and renewal, with the goal of making South Africa Africa's engineering workshop.
From sanews.gov.za
Who's involved
- Cyril RamaphosaPresident of South Africa, who called for the shift to local mineral processing.
- South AfricaThe country targeted for increasing local mineral processing and manufacturing.
- Northern CapeProvince where the mineral beneficiation and industrial expansion is being directed.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- DenelSpeculative
Denel might see increased contracts or investment due to the support for domestic manufacturing and local suppliers.
- National TreasurySpeculative
National Treasury may require fiscal resources and regulatory support to facilitate industrial expansion and local suppliers.
Keep exploring
Part of
Ramaphosa called for industrialization and renewal, aiming for South Africa to become Africa's engineering workshop.Also in this story
- CSIR facility aims to boost local API capacity, supported by Ramaphosa's domestic production strategy in South Africa.
- Ramaphosa attended the BRICS Summit in India and highlighted issues affecting the African continent.
- Cyril Ramaphosa and Dean Macpherson called for South Africa to undergo major development, likening it to a construction site.
- Ramaphosa initiated a concept in 2018 to protect mineral wealth and establish a Pan-African fund for developmental financing.
The entities involved
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Cyril Ramaphosa
President of South Africa since 2018
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South Africa
country in southern Africa
Related events
- Red Rock Resources Plc, headquartered in London, produces natural resources assets in South Africa and explores assets in Australia.
- South Africa holds massive reserves of manganese, chrome, and PGMs.
- National Treasury reports mineral royalties collected while mining companies trade on the JSE in South Africa.
- An entrepreneur is operating within the South African context.