SA mining loses R100bn in profit as prices, rail constraints and load shedding bite

GUEST - Vuyiswa Khutlang, PwC South Africa Energy, Utilities and Resources Partner<br /> <br /> South Africa's mining industry has seen a nearly R100 billion slide in profit this year as lower commodity prices and a tough operating environment, marked by load shedding and railing constraints, took their toll.<br /> <br /> As reported by PwC in its annual 2023 SA Mine report on Tuesday, an analysis of 29 domestic mining companies showed a net profit plunge to R108 billion in their latest financial years, down from a record R206 billion. <a href="http://www.kayafm.co.za/">Kaya FM </a>