Council hopes for mining incentives in future budgets; bemoans lack of support for ferroalloys ...
The Minerals Council South Africa has expressed disappointment that there was no mention in the 2026 Budget, presented to Parliament by Finance Minister Enoch Godongwana on February 25, of reduced electricity tariffs for the ferroalloys industry, which is facing closure and job losses because of the more than 900% increase in electricity prices for industrial users since 2008. Minerals Council CEO Mzila Mthenjane says the council would, in future budgets, like to see assistance to sectors that are under distress, such as ferrochrome and diamonds, to enable these sectors to increase production and to sustain and grow jobs.
The Minerals Council South Africa has expressed disappointment that there was no mention in the 2026 Budget, presented to Parliament by Finance Minister Enoch Godongwana on February 25, of reduced electricity tariffs for the ferroalloys industry, which is facing closure and job losses because of the more than 900% increase in electricity prices for industrial users since 2008. Minerals Council CEO Mzila Mthenjane says the council would, in future budgets, like to see assistance to sectors that are under distress, such as ferrochrome and diamonds, to enable these sectors to increase production and to sustain and grow jobs.
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