Protection of Stakeholders’ Interests and Sustainable Development: A Critical Analysis of the Role of Government in the Mining Sector in South Africa

Abstract

Mining has been the main driving force behind the history and development of South Africa's economy. Mining continues to support and stimulate growth and development in the country. However, while mining has been the mainstay of the economy and has contributed significantly to the industrial development of the country, its impact on stakeholders such as the mine workers and the communities in which mining activities takes place has not been that significant. In this light, a matter of concern that arises is whether or not the interests of these stakeholders are protected. This article seeks to explore this issue. More importantly, the article examines the role of government in the mining sector. It will be argued that government has an important role to play in the mining sector in ensuring the protection of stakeholders’ interests and promoting sustainable development and growth and recommendations will be made in this regard.

DOI: 10.5901/mjss.2014.v5n2p395