Innovation in the South African mining industry

Innovation in the mining industry in South Africa is discussed. Innovation involves the practical implementation of an invention, or the adaptation of existing products or services to make a meaningful impact on society. Creating value is a defining characteristic of innovation. Incremental innovation is the continual refinement and improvement of products, services or processes based on the requirements of the beneficiaries. This is essential to remain competitive in business. Disruptive innovation occurs when a new product or service creates a new market and renders existing products or services obsolete. While disruptive innovation may be unwelcome, its early adoption often provides a strategic advantage, allowing pioneering individuals or businesses to capitalize on emerging trends and gain a competitive edge. Those who embrace disruptive technologies in their infancy can often position themselves as industry leaders and reap the benefits of being at the forefront of transformative change.