ANALYSIS: Zwane’s mining charter lunacy
Business Day – SA is not a dictatorship. If the chamber of mines, representing 90% of the industry by value, believes the new mining charter is unworkable and was gazetted without taking its views into account, the charter is not going to survive in its present form. Unless mineral resources minister Mosebenzi Zwane agrees to reopen negotiations, the charter will be challenged on several legal grounds.
Government’s love-hate relationship with business has consequences for the poor
Daily Maverick – The publication of the amended Mining Charter by the Department of Mineral Resources has sent shivers down the spine of the mining industry. Speaking to Members of Parliament last Wednesday, the Chamber of Mines decried the lack of proper and earnest consultation by the Department of Mineral Resources in amending the Charter.
Cyril Ramaphosa in bid to allay radical economic transformation fears
business live – Deputy President Cyril Ramaphosa tried to allay fears about radical economic transformation on Tuesday, saying it was the intensification of ANC economic policies.
Zwane insists ANC was consulted on Mining Charter — but some disagree
business live – The controversy dogging the revised Mining Charter continued on Tuesday with Minerals Resources Minister Mosebenzi Zwane claiming that he had consulted his colleagues in the ANC "up to its top six officials".
IN-DEPTH: Poor timing, bad drafting and cynical manoeuvres
BUSINESS DAY – Rather than encouraging and stimulating the mining sector, the release of the Mining Charter has deepened divisions, writes Allan Seccombe.
Mining Charter 'Little Benefit' to South Africans, Group Says
bloomberg – South Africa’s new mining charter, which is supposed to help spread the country’s mineral wealth more broadly, will offer little benefit to mining communities and was written without proper consultation, according to a group formed by Nobel laureate Desmond Tutu.
CoM embarks on long road to Mining Charter negotiating table
mining mx – The long and possibly torturous road in getting the South African government to renegotiate the third draft of the Mining Charter began in earnest today after the Chamber of Mines met the African National Congress (ANC).
Zwane under pressure over controversial mining charter changes
iol – Under-fire Mineral Resources Minister Mosebenzi Zwane could be forced to water down or drop his controversial amendments to the Mining Charter because of fears more jobs will be lost in the industry.
CAROL PATON: By playing two sides, Malusi Gigaba takes a gamble on the economy’s strength
business live – Finance Minister Malusi Gigaba may have dumped the language of radical economic transformation but he has beefed up its content. At a news conference on Thursday.
The Mining Charter vindicates the downgrade, says Fitch
business live – Credit rating agency Fitch issued a statement on Monday night saying the new Mining Charter that Mineral Resources Minister Mosebenzi Zwane issued without industry consultation showed that its decision to cut SA’s sovereign credit rating to junk in April was correct.