: Shortage Of Power and Skills Will Hold Back SA’s Commodities
Recent Kwazulu-Natal Business News
- Manufacturing INDABA & DTI Minister Head to Kwazulu-Natal to Address Provincial Manufacturers
- Improving Market Sentiment in KZN Commercial Property
- Safmarine Enhances Its Europe-West Africa Service Portfolio
- High-Speed Data Links Help to Keep Freight Moving
- Pam Golding KZN is Upbeat Regarding Potential for Growth
Although the speed and extent of the global economic recovery remains
uncertain, commodity prices are likely to put up strong performance in
This is the forecast from Frost and Sullivan metals and mining analyst Wonder Nyanjowa.
"The global mining industry is likely to be buoyed by growing physical demand for commodities, the strong possibility of speculative buying and rising prices," said
"This is likely to encourage miners to expand production capacity." However, Nyanjowa warned that South
Africa may not reap the full benefits of this rebound.
"Many of the local challenges that adversely impacted on production in 2009, such as electricity supply shortages, a lack of skills and safety concerns, are likely to continue affecting the performance of the mining industry in 2010," he said.
"In addition, the prospect of higher commodity prices, particularly in the gold, platinum and coal sectors, is likely to lead to tough wage demands from unions."
By Liesl Venter
Cargo in Africa
Business News Sector Tags:
Fax 2 Email
Study IT Online
Work from Home