https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

Zuma backs Zwane on new Mining Charter


Close

Embed Video

Zuma backs Zwane on new Mining Charter

President Jacob Zuma
Photo by Reuters
President Jacob Zuma

22nd June 2017

By: African News Agency

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

President Jacob Zuma on Thursday threw his weight behind the controversial revised Mining Charter published by Mineral Resources Minister Mosebenzi Zwane.

“Yes, I believe firstly, the minister gave the briefing and consultation, including the cabinet and what the minister is doing has been approved by the Cabinet,” Zuma said in the National Assembly during his quarterly question-and-answer session.

Advertisement

The President brushed aside criticism of the charter by the Chamber of Mines of South Africa, unions, and his own ruling African National Congress, who are concerned about the impact the charter could have on jobs in the sector.

The revised targets in the mining sector includes mining houses should have 30 percent black ownership to be shared among employees, communities and black entrepreneurs.

Advertisement

Mining rights holders who have complied with the previous target of 26 percent have to “top up” to 30 percent within 12 months.

Those applying for prospecting rights would be required to have a “minimum of 50 percent plus one black person shareholding”.

In the wake of the charter being gazetted, the Chamber of Mines threatened to take the minister to court to interdict from implementing the targets.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za