‘We need exploration to grow our industry’ – Minerals Council
“We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in the short term. Mgojo flashed a graph on to computer screens showing the plunge in direct investment, as well as underperformance of the South African economy, and said: “If we don't fix this, the spectre of a full-blown sovereign debt crisis that is currently facing us will indeed become a frightening reality."