The South African mining sector has faced its own fair share of challenges over the past few years. Changes in economy, complexities with labour, rising costs, and political uncertainty have taken their toll on an industry once known for its stability. In 2020, this picture has slowly changed, in spite of an even more uncertain and volatile situation. Over the past year, mining has been turning around – the lumbering beast slowly gaining momentum in terms of growth and employment.
Using local technology to create relevant solutions for South African public sector and business that will transform industry and economy.
Changing the digital landscape in times of adversity through digital transformation and adaptive ways of working.
Digital transformation for retailers in a post-Covid-19 retail environment.
The Covid-19 pandemic has had a significant impact on the mining sector, with the mining
and quarrying industries contracting by 73.1% between Q1 and Q2 of 2020, contributing significantly
to SA’s overall GDP contraction of some 16.4%. A negative impact on the mining sector is therefore a negative impact on the country. Local mining companies simply cannot afford any further financial shrinkage due to operational closure. Mining executives need to strike the right balance between productivity, cost and specifically safety. Safety is even more paramount, especially now when the COVID-19 pandemic is still rife.
Striking this right balance requires innovative thinking and technology.
The COVID-19 pandemic, in addition to its global health and social impact, has disrupted every business sector in some way. Financial
services companies are faced with several unique challenges, some as a result of the pandemic itself, and others as a manifestation of the heightened pressure on businesses and budgets. This time of rapid change is also an opportunity to respond with innovation and agility, refining and in some instances redefining the financial sector of the future.