Mining sector contributes R400 billion to GDP in 2020: Minerals Council

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The mining industry contributed close to R400-billion to the Gross Domestic Product (GDP) last year despite facing economic challenges and the COVID-19 pandemic. This is according to the Minerals Council, which hosted a media brief ahead of the annual Mining Indaba scheduled for Tuesday.

The industry also employed 451 000 people and contributed R34.7-billion in value-added taxes.

The council also launched its mining Facts and Figures 2020 pocketbook during the brief.

“The mining industry contributed R361.6 billion to GDP & managed to sustain itself through the COVID-19 pandemic somewhat better than we might have expected at the beginning of the lockdown in March,” says Chief Executive Officer Roger Baxter.