Exclusion and corruption are two sides of the same coin
Huffington Post – The governance of the sector which has become synonymous with the inequality that manifests in broader society has been the preserve of the... elites.
Mining Charter: obsession with the colour of ownership a setback for mines
Business Day – The prioritisation of the ownership issue sidelines all the other empowerment channels that could make an impact.
No reprieve from uncertainty over charter for mining sector
Business Day – The South African mining industry will continue operating in an uncertain and damaging environment after the long-awaited review of the suspended third Mining Charter in the High Court in Pretoria was postponed to mid-February from mid-December.
High Court postpones Mining Charter redraft hearing to February
Miningmx – South Africa’s High Court has postponed a hearing into the Mining Charter which had been set for December 13 and 14 deciding instead that the scale and complexity of the matter required a three day inquiry.
Get ready to feel the pain as SA’s ratings drop further
News24 – Get ready for more job cuts and hikes in food and fuel prices now that S&P Global has downgraded South Africa’s credit rating to junk status.
Economy The situation we are in was avoidable – BLSA
Moneyweb – Organisation says the downgrade reflects declining confidence in the management of SA’s economy.
South Africa's parliament delays passing key mining law
Reuters – South Africa’s parliament will miss a December target to pass changes to mineral resource laws, seen as key for greater investor certainty, a senior parliamentary official said on Tuesday.
SA mining will lose 48,000 jobs if ‘dire’ Eskom tariff granted
Miningmx – Up to 48,000 jobs would be lost in South Africa’s gold and platinum sector were the country’s power utility, Eskom, granted a 19.9% increase in the annual tariff, said the Chamber of Mines in a statement today.
Structural adjustment must precede Eskom lifeline, says economist
Business Day – The National Energy Regulator of SA (Nersa) needs to find a short-term solution to help Eskom to get out of its financial crisis but this should be conditional on an immediate structural adjustment programme, Henk Langenhoven, chief economist at the Chamber of Mines, said on Friday.
Eskom tariff hike a threat to mining jobs – CoM
Mining Weekly – The Chamber of Mines (CoM) on Friday opposed State-owned power utility Eskom’s proposed 19.9% tariff increase application, stating that the increase would send South Africa into a vicious downward spiral of higher electricity prices, lower growth and lower electricity consumption.