Gwede Mantashe, the Minister of Mineral Resources and Energy in South Africa, has played a crucial role in transforming the mining industry and achieving a fairer system of ownership, management, and acquisition. He highlights the government’s initiatives to cultivate a strong and inclusive mining sector and sustainable energy solutions. Mantashe emphasizes the enduring impact of apartheid and acknowledges the challenges that still exist, but his unwavering commitment to equitable development and honest engagement reinforces his vision of a united, prosperous South Africa.
South Africa faces an electricity crisis due to frequent power outages from coal power plant failures. The government’s proposed Integrated Resource Plan has been criticized for neglecting affordable renewable energy solutions, such as wind and solar power with increased storage capacity, and promoting gasintensive scenarios. The Lazard Levelized Costs of Energy report highlights the potential for renewable energy to drastically lower costs, but the government’s plan neglects this. Reconsideration is necessary to align proposals with environmental obligations and economic realities.
South Africa’s Minister of Mineral Resources and Energy, Mr. Gwede Mantashe, has recently announced fuel price adjustments that will take effect from the 7th of June 2023. These adjustments are conducted on a monthly basis and are based on a range of local and international factors.
South Africa’s mining sector, which has been a significant contributor to the country’s economy for over a century, continues to face challenges. Despite this, the industry remains a crucial pillar of the nation’s economic reconstruction and recovery. Recently, the Minerals Council South Africa held its Annual General Meeting (AGM), where the Minister of Mineral Resources and Energy, Mr. Gwede Mantashe, shared critical insights into the current state and trajectory of the mining sector.
On April 5, South African fuel prices will see some changes. According to the Department of Mineral Resources and Energy, diesel prices will decrease by over 73 cents per liter. At the same time, 93 unleaded petrol will see a marginal 1cent decrease and 95 unleaded gasoline will increase by 2 cents.