Embracing technological development as key to growth in the South African mining industry: An assessment of critical success factors and challenges
DOI:
https://doi.org/10.17159/Abstract
The mining industry has yet to fully accept and embrace the strategic role of technology and innovation in successful business planning and execution (Bryant, 2015) . In this study we empirically determine the factors that influence the acceptance of technology solutions in the mining industry in South Africa; assess the critical success factors influencing the adoption of advanced technology in the South African mining industry, and explore the challenges faced by the mining industry in South Africa in adopting advanced technology in its operations. Thematic Content Analysis (TCA) is employed in the data analysis and results show that critical success factors to the adoption of mining technology include learning culture; knowledge sharing; high labour costs and behaviour of other firms in the industry while commonly identified challenges include inadequate engagement with external stakeholders, uncertainties, and cyclical nature of the sector; high risk related to the adoption of unproven technology and performance systems focused on volumetric production. The study encourages mining companies to implement the usage of technology and this can be done properly with regular engagement with the minerals council.
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Copyright (c) 2024 Walter Lumadi
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