'ANC was clearly not involved in Mining Charter. But Dubai probably was'

...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

Click here (then “like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Meet Maryana Iskander, on a mission to find employment for 1st-time job seekers

Meet Maryana Iskander, on a mission to find employment for 1st-time job seekers

Bruce Whitfield interviews Iskander to learn about her non-profit company that partners with South African employers.

5 reasons why online shopping is going hybrid (online and in the ‘real world’)

5 reasons why online shopping is going hybrid (online and in the ‘real world’)

The Money Show’s Bruce Whitfield interviews Yuppiechef cofounder Andrew Smith.

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

The Money Show’s Bruce Whitfield interviews KPMG South Africa CEO Nhlamu Dlomu.

Google is almost 20 years old

Google is almost 20 years old

September is a special month for the search giant. Here are a few things you did not know.

Sasfin CEO opens up about dumping KPMG

Sasfin CEO opens up about dumping KPMG

The Money Show’s Bruce Whitfield interviews Sasfin CEO Roland Sassoon.

Springboks and Bafana Bafana got you down? Watch eSports! It's (way) more fun…

Springboks and Bafana Bafana got you down? Watch eSports! It's (way) more fun…

Bruce Whitfield interviews Gareth Woods from Good Game Well Played and Nick Holden of African Cyber Gaming League.

Popular articles
Sasfin CEO opens up about dumping KPMG

Sasfin CEO opens up about dumping KPMG

The Money Show’s Bruce Whitfield interviews Sasfin CEO Roland Sassoon.

Sasfin Holdings cuts ties with KPMG after 18 years

Sasfin Holdings cuts ties with KPMG after 18 years

CEO of Sasfin Holdings Roland Sassoon confirmed that it has dropped KPMG as their auditing firm and put its audit up for tender.

The ANC is dying and Prince Mashele says South Africans have three other choices

The ANC is dying and Prince Mashele says South Africans have three other choices

Political analyst Prince Mashele says anyone who votes for the ANC is complicit in destroying South African society.

The psychology of spending money we don't have

The psychology of spending money we don't have

For over 20 years Prof Steven Burgess has researched the reasons why people live beyond their means.

SACP want NPA to reinstate corruption charges against Zuma

SACP want NPA to reinstate corruption charges against Zuma

Political analyst Karima Brown gives her take on the matter.

Signs your child could be suffering from anxiety

Signs your child could be suffering from anxiety

Counselling psychologist Nikole Seele says it is important to differentiate between healthy anxiety and debilitating anxiety.