Boston, MA -- (SBWIRE) -- 06/24/2013 -- The past decade of stagnation and decline in South Africa's mining sector is set to end as several projects across South Africa's vast mineral wealth come online in the next five years. We expect South Africa's mining sector value to grow by an annual average rate of 0.6% over the forecast period, from US$32.1bn in 2012 to US$33.1bn in 2017.

South Africa's mining sector is amenable to investment in the sector, with few obstacles confronting foreign investment. The government is generally stable and its business environment is one of the best on the continent. While South Africa's mining output growth is set to pick up over the coming years, we expect the country's share of global output to continue to decline as other major mining countries see faster rates of growth, most notably China and Australia. In addition, we expect investment, particularly in gold, to be increasingly attracted to low-cost, high resource opportunities in the rest of the continent such as the Democratic Republic of the Congo and Ghana. This scenario is likely to be replicated in the diamond and iron ore sectors as growth elsewhere, mainly Zimbabwe and West Africa, respectively, makes South Africa less attractive for opportunities.

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