...Clearly, the ANC wasn’t involved. The 60 participants, according to the Minister, are probably mainly based in Dubai...— Bernard Swanepoel, Joburg Indaba
Mineral Resources Minister Mosebenzi Zwane released Government’s revised Mining Charter on Thursday.
It raises the minimum threshold for black ownership of mining companies to 30 percent from 26 percent.
The revised Mining Charter gives companies 12 months to meet the target, amongst a raft of other regulations.
Investors are punishing mining stocks.
The Chamber of Mines said it would challenge the new rules in court, arguing that there had been insufficient consultation in drawing up the charter.
The Money Show’s Bruce Whitfield interviewed Joburg Indaba Chairperson Bernard Swanepoel.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
We’re losing out on an opportunity to make mining contribute to growth in the country.— Bernard Swanepoel, Joburg Indaba
The ANC should not have been surprised. There’s a lack of coordination.— Bernard Swanepoel, Joburg Indaba
With this charter we’re putting the mining industry in harvest mode.— Bernard Swanepoel, Joburg Indaba
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Please share this with your Ford-driving friends. Fire hazard, again! They must "immediately” contact a dealership.
The Money Show’s Bruce Whitfield interviews labour economist Andrew Levy.
Eskom veteran Johnny Dladla is the parastatal's new acting CEO. Bruce Whitfield interviews energy expert Chris Yelland.
State Capture… Corruption… it just goes on and on! The Money Show’s Bruce Whitfield interviews Sygnia CEO Magda Wierzycka.
The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
Is the spectacular rise in the value of Bitcoin realistic? Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.
UDM leader Bantu Holomisa says that Baleka Mbete's arrogance and blind loyalty to the ANC and Zuma has put them in this mess.
Professor Somadoda Fikeni says Speaker will have to provide a superior argument not to approve the voting through secret ballot.
No official date has been set for the roll out of SA's new number plate legislation, but here's what you need to know so long.
Capetonians are pulling out hot water bottles and mittens as a cold front is predicted to make landfall on Thursday morning.
CapeTalk caller says Curriculum Assessment Policy Statements (CAPS) is not good for South Africa's education system.