The Science Of ...

South Africa’s draft Mining Charter 3 for dummies (highly intelligent ones)

Platinum nugget. Picture: Supplied.

We got the disastrous Charter in 2017… now we have the much improved Charter… It’s a much better drafted document, which lawyers always appreciate!

Brandon Irsigler, Strata Legal (Pty) Ltd

‘Once empowered, always empowered’ has almost certainly been put to bed…

Brandon Irsigler, Strata Legal (Pty) Ltd

Mineral Resources Minister Gwede Mantashe gazetted a draft of the new Mining Charter last week.

The previous charter drew fierce criticism from some communities who claimed they were left out of the process.

Earlier this year, the High Court ruled that mining communities must be included in charter negotiations.

A public participation process into the draft is underway.

Mining communities now say the draft document appears to be workable.

The Minerals Council SA, however, says there are elements of the draft Mining Charter that undermine the competitiveness of the industry.

The Money Show’s Bruce Whitfield interviewed Strata Legal (Pty) Ltd Director Brandon Irsigler for his weekly “The Science Of” feature.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

All the inequities of the past are addressed in the Mining Charter…

Brandon Irsigler, Strata Legal (Pty) Ltd

The term ‘free carry’ is not defined in Charter 3… If you look at Botswana, they have ‘free carry’…

Brandon Irsigler, Strata Legal (Pty) Ltd

You are obliged to articulate exactly what you’re going to do for your community…

Brandon Irsigler, Strata Legal (Pty) Ltd

The obligations to empower has been pushed down the supply chain…

Brandon Irsigler, Strata Legal (Pty) Ltd

This is the next step in transforming the industry…

Brandon Irsigler, Strata Legal (Pty) Ltd

The board representation… I think that’s going to really push the transformation agenda… There might be some pushback…

Brandon Irsigler, Strata Legal (Pty) Ltd

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : South Africa’s draft Mining Charter 3 for dummies (highly intelligent ones)


Recommended

by NEWSROOM AI

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
Costa Rica went from broken and poor to brilliant and prosperous in 15 years

Costa Rica went from broken and poor to brilliant and prosperous in 15 years

A story of hope for South Africa. The Money Show's Bruce Whitfield interviews Dr Adrian Saville (Cannon Asset Managers, Gibs)

Investing in art 101 (a dummies' guide)

Investing in art 101 (a dummies' guide)

The Money Show’s Bruce Whitfield interviews Julie Miller, founder of the Julie Miller Investment Art Institute.

Banking regulation… it’s boring, but it has already saved us all at least once

Banking regulation… it’s boring, but it has already saved us all at least once

South African banks are strong, because they’re well regulated. Bruce Whitfield interviews SA Reserve Bank’s Kuben Naidoo.

How ‘mature’ leaders create value (and how destructive immature one always are)

How ‘mature’ leaders create value (and how destructive immature one always are)

Who comes to mind? The Money Show’s Bruce Whitfield interviews Rob Worthington-Smith, founder of FarSightFirms.

Hillbrow, Ponte City (don’t be scared) is where it’s at. How to experience it...

Hillbrow, Ponte City (don’t be scared) is where it’s at. How to experience it...

The Money Show’s Bruce Whitfield interviews Dlala Nje founders Nickolaus Bauer and Michal Luptak.

Meet Eitan Stern, man on a mission to provide affordable, set-fee legal services

Meet Eitan Stern, man on a mission to provide affordable, set-fee legal services

The Legalese Director doesn't look like a lawyer. His “law firm”, he insists, is not a law firm. Bruce Whitfield interviews him…

Popular articles
Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nhlanhla Nene asks trade unions for ideas on how to fund wage increase demands

Nene asked unions representing Eskom workers to provide ideas to fund wage increases after negotiations with Eskom deadlocked.

[WATCH] Man finds it hard to open his Zam-Buk & pleads for an easier opening tin

[WATCH] Man finds it hard to open his Zam-Buk & pleads for an easier opening tin

Tourists wake up at the crack of dawn to bag the best sunbed and one man even suffers a broken toe in the melee.

How Steinhoff shares doubled in just five days

How Steinhoff shares doubled in just five days

Founder of Herenya Capital Advisors, Petri Redelinghuys, explains how the embattled Steinhoff managed to double its share price in 5 days

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Woolworths explains reasons for rice mix recall

Woolworths explains reasons for rice mix recall

The retailer announced it is recalling its rice mix product for fear of contamination with the Listeria bacteria.

Home Affairs set to undergo an upgrade in move to paperless system

Home Affairs set to undergo an upgrade in move to paperless system

A new live capture system will cover birth, marriage and death registrations.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.