SA to invest R2.1bn in distressed mining towns

[miningmx.com] – SOUTH Africa’s government would spend R2.1bn breathing new life into distressed mining towns over the next three years, said BDLive citing Jeff Radebe, minister in the Presidency.

The investment flows from the Framework Agreement for a Sustainable Mining Industry which President Jacob Zuma now directly supervises.

Radebe said R2.1bn would be ring-fenced for housing programmes, while R290m would be spent in mining towns in the current financial year.

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