South Africa seeks post-pandemic mining sector investment

12 May 2020 (Last Updated May 12th, 2020 16:40)

As part of the South African government’s plans to keep the nation’s economy afloat during and in the aftermath of the Covid-19 pandemic, the Council for Geosciences has been instructed to increase its nationwide geological survey to bolster South Africa as an exploration hotspot once the country’s lockdown is lifted.

The country’s economy relies heavily on mining, and South Africa had previously been identified as one of the countries that could be most adversely affected by a global economic downturn resulting from Covid-19.

The Council for Geosciences’ mandate is aimed at identifying potential exploration sites to attract investment in the South African mining sector following the Covid-19 pandemic.