South Africa's world best minerals Treasury $2,5-trillion, the country offers a 80-year-old 90-year time window for a distribution of wealth created by mining relationships has the potential of the 19 gold Century contribution seems to be developing puny in comparison.
This is the view of the Pan-African Capital Holdings CE Dr. Iraj Abedian, the current economic adviser of Mineral Resources Minister Susan Shabangu and one of the leading economists in South Africa.
Citibank states in South Africa in situ metal and mineral foundation at a value of between $ 2.3 billion and 2.5 trillion U.S. dollars that the country offers a chance to meet, "must not only in South Africa but also that as in sub-Saharan Africa, a whole."
"In a way, we have created the value of mining, such as scientific research, view, to a large part of GDP, as well as engineering, construction, manufacturing of equipment and a range of products and services that are the foundation of a progressive industry resources" says Abedian.
ahead with "80 years to 90 years" of a known future mining in South Africa, and similar longevity in the subcontinent as a whole, Abedian said that the country must now decide on the technical documentation should be combined to unlock the full capacity of not only in South Africa but also in the rest of the subcontinent.
He insists that South Africa is positioning itself on the capital market: "We, the Johannesburg Stock Exchange into a global center of the capital mining, not only the South African capital, but also the capital of the rest of the dress world investment in mining in the entire subcontinent. "
Can the financial support for the development of value added science, technology and technological capacity, research and development, although in many other areas to provide a multiplier effect and stimulate the economy.
He sees the true and preparation on the front: derived "For most of the mining billion rand value might, 75% to 80% of the inputs in the sector".
"We have to unlock, which together with jobs and growth and development that comes with it".
"This is important because if we are able to focus, we will begin to develop the underdeveloped areas of our country and our sub-continent," says Abedian.
"We need to intelligently position of mining on the capital side, all the way to the various parts of the value chain.
"We have in the past, we have a history, it should do. We have large quantities of intellectual property in the country, we need to catalyze and mobilize," he added.
In terms of the known reserves of the late 19th Century, he said that was a lot of gold in both quantum and value than what South Africa has today with its platinum, chromium, manganese, and even coal.
"We are much more able, despite all the shortcomings of the infrastructure and human resources than we at the beginning of the 20th century," he says.
If South Africa catalyzes the means "smart", is much more important than the discovery of gold on the development of the country is over 100 years combined.
"This is an opportunity not to miss," he says.
South Africa included, before he, up to 1.5% economic growth per year could be added over the next five, seven years ago when the major infrastructure bottlenecks and skills inhibition of removal mining, as well as through an efficient State regulation.
"Winning is probably more transparent regulation, and this is just the beginning," says Abedian in a video interview.
"We are on track to meet the requirements of South Africa, if not the most transparent and efficient in the world, then surely the world's top three," he says.
"We do constantly in search of what Canada, Australia, Africa, China, India, Russia and Central Asia that is as exciting in terms of improving competitiveness, while acknowledging that South Africa has specific comparative advantages received platinum, chromium and manganese.
"We have coal and iron ore, and we need to play our comparative advantages, and all obstacles that prevent us from removing unlocking our full potential," added Abedian.