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Lack of Policy Transparency and an Uncertain Regulatory Environment have Restricted the Growth of the Mining Sector in Africa
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This research service covers the personal protective equipment used in the African mining industry. Coal and mineral mining operations have been included. Mining for oil and gas has been excluded from the scope of the research. The personal protective equipment market is covered in a total of 7 product segments—above-the-neck protection, respiratory protection, protective gloves, workwear, protective footwear, fall protection, and gas detection. Uncertainty in the South African economy as well as a lack of technological investment in the last couple of years, has negatively affected the growth of mining industry. Lack of policy transparency and an uncertain regulatory environment have further affected the growth of the mining sector in Africa.Ineffective application of regulatory tools and corruption has decreased investment attractiveness. Political instability and poorly executed policy reforms have reduced investor confidence. By 2016, 79% of mining companies still hadn’t met mining charter specifications. This proves that lack of policy transparency and uncertain regulatory environments have restricted the growth of the mining sector. In 2018, about 3,000 jobs were cut despite shaft closures.Large players are restructuring, focusing on low-cost operations and job cuts. However, with an increase in the size of the female workforce in the mining sector, there is a great opportunity to capture the currently unmet demand for women-specific personal protective equipment. Diversifying the product portfolio to include female-specific wear will provide a competitive advantage to personal protective equipment manufacturers.Implementation of Broad Based Socio Economic Empowerment Charter for the mining and minerals industry in 2018 is expected to act as a catalyst to provide lucrative growth opportunities for local mining goods suppliers as well as the local workforce. This is further likely to support the demand for mining personal protective equipment in the region.3MSouth Africa, HSE Solutions, Drager South Africa, GreenLine, MSA, PSA Africa, North Safety Products, Select PPE, Crowcon, MSA, Centmark Systems, GDSA, Draeger, Jonsson Workwear, Southern Workwear, Blaize Workwear, MB Workwear, and TPT Workwear are some of the major market participants in the region.Key Questions this Study will Answer• Is the market growing, how long will it continue to grow, and at what rate?• Are the existing competitors structured correctly to meet customer needs?• How do the dynamics of the industry and regional diversities affect the PPE market?• How will the structure of the market change with time?• Are the products and services offered today meeting customer needs, or is additional development needed?
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