As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
High level clouds. Mild.
Analysts say a recent High Court decision should make it easier to invest capital in the sector and help reduce the substantial valuation gaps between SA mining firms and their international peers.
The Mining Charter may not be legislation,but it has independent legal force, a court has heard.
The Chamber of Mines has filed an application to have a judicial review and setting aside of the Mining Charter.
The Chamber of Mines has withdrawn an urgent application to interdict Mineral Resources Minister Mosebenzi Zwane from implementing the reviewed Mining Charter.
Mining industry stakeholders noted the improvement in recent health and safety statistics but are still disappointed.
The Chamber of Mines promised to look into the grievances raised by trade federation Cosatu in a memorandum.
A wage cap on salaries is a great idea - but for the public sector, says Jan de Lange.
A High Court has ruled that mining-affected communities can join the application of the Chamber of Mines to have the Mining Charter reviewed.
A provision in the disputed Mining Charter of 2017 which requires holders of mining rights to top up the black ownership of its mines to 30% if it falls short, could steer away investment, a court has heard.
“We will stand against being forced to do it in a way that we believe will destroy the industry and benefit only a narrow group of interests,” says Chamber President Mxolisi Mgojo.
According to speculation, a new mining charter in mind will chase transformation targets up to 30%, but the Chamber of Mines has warned that it is time to think differently about transformation.
Research commissioned by the Chamber of Mines points out flaws to a previous study implying that misinvoicing of gold commodities in South Africa amounts to $78.2bn.
The Chamber of Mines has taken a swipe at Eskom over its 16% tariff increase, saying that it will push the mining industry over the tipping point.
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