In the absence of a credible opposition party to challenge the ANC, perhaps the IMF is best placed to help the party, writes Ayabulela Dlakavu.
Miners, artisans and officials will receive a 4.25% increase for the first year of the agreement, and CPI-linked increases for the next two years.
The minister of mineral resources has described the reviewed Mining Charter as reflecting a 'consensus among stakeholders' in SA's mining sector.
Minister of Mineral Resources Gwede Mantashe says the latest version of the Mining Charter will empower mineworkers and mining communities while shielding companies.
The draft Mining Charter has been gazetted for public comment.
Mineral Resources Minister Gwede Mantashe says his department is on course to meet the June deadline to finalise the Mining Charter, calling it part of the “policy uncertainty” hindering business.
The majority judgment in the Chamber of Mines’ declaratory application came at a time when the mining industry was starting to engage constructively on the review of the controversial Mining Charter 3.
The mineral resources minister has sought leave to appeal an earlier judgment over a crucial black-ownership principle in the Mining Charter.
A High Court has granted a declaratory order sought by the Chamber of Mines recognising the continuing consequences of previous BEE ownership transactions.
Mining affected community networks say they are encouraged that they have been recognised as stakeholders who should be consulted on future Mining Charter talks.
The only way to combat illegal mining is to legalise it, says the Deputy Minister of Mineral Resources Godfrey Oliphant.
The minister of mineral resources has described the reviewed Mining Charter as reflecting a "consensus among stakeholders" in SA's mining sector.
The country's main mining lobby group told analysts and mining companies it would probably challenge a final draft of the new Mining Charter if two key points of dispute weren't removed.
The newly released draft Mining Charter will not promote competitiveness, investment, growth and transformation, the Minerals Council of South Africa said.
Minister of Mineral Resources Gwede Mantashe has committed to presenting a draft of the reviewed Mining Charter to industry bodies at a summit before it is presented to Cabinet and gazetted.
The department of mineral resources claims meaningful empowerment is impossible if a recent high court declaratory order, which severely reduces the reach of the latest draft of the Mining Charter, is allowed to stand.
The Department of Mineral Resources says the judgment on the black ownership top-up in the Mining Charter has dire implications for economic transformation, the mining sector and South Africa at large.
A declaratory high court order on the “once empowered always empowered” principle will serve as a pointer for Mining Charter negotiations to be collaborative, says union Solidarity.
The Chamber of Mines has welcomed the appointment of Gwede Mantashe as the new minister of mineral resources, calling him a man of integrity and dignity.
The Chamber of Mines and the Presidency have both said an upcoming court case to review the controversial Mining Charter will be put on ice in order to give negotiations a chance.
The future of coal mining hangs in the balance amid mounting global pressure to reduce carbon emissions. The Chamber of Mines sets out four scenarios for the sector's future in SA.
Cape TownFinovate People
Cape TownTracking Talent
Cape TownAmazon Development Centre SA (Pty) Ltd
R 3 000 000
R 2 600 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.