The National Executive Committee (NEC) of the African National Congress (ANC) to discuss the revised mining charter in its NEC Lekgotla taking place from Friday, 28 July 2017 to Sunday, 30th July 2017.
According to the unverified reports this morning the ANC NEC Lekgotla is dominated by the revised mining charter announced by the Mineral Resources Minister Mosebenzi Zwane last month.
This comes after The Chamber of Mines, which represents 90% of South Africa’s mines challenged the Ministry of Mineral Resources over the new mining charter which requires at-least 50% black representation on the Board Level, 25% of which must be black females; at an executive/top management level and 30% black ownership.
Minister Mosebenzi Zwane announced the third version of the mining charter since the ANC took power from apartheid government in 1994.
The requirements are at board level a minimum of 50% black representation, 25% of which must be black females; at an executive/top management level, a minimum of 50% black representation, 25% of which must be female black representation, and at senior management level, a minimum of 60% representation, 30% of which must be female black representation.
The requirement at middle management level is a minimum of 75% black representation, 38% of which must be female black representation and at junior management level, a minimum of 88% black representation, 44% of which must be female black representation.
Chamber of Mines has questioned why Minister Zwane changed definitions in the mining charter from previously disadvantaged groups to blacks‚ widening the scope of those who could benefit from the document.
The Chamber has applied to the North Gauteng High Court to stop the implementation of the reviewed Mining Charter which was published by Zwane on June 15.
The Charter was also came under scrutiny by the mining companies, economic experts and political parties for not making the mining environment conducive for the investors, but was supported by the ruling party and welcomed by the people.
The North West Premier Supra Mahumapelo has welcomed the newly revised Mining Charter, saying it will improve the lives of ordinary people living in impoverished villages, townships and small towns.
The Economic Freedom Fighters distanced itself from the developments in the space and announced that they only stand for the nationalization of mines
The outspoken African National Congress (ANC) Member of Parliament, Dr Makhosi Khoza has been given an appropriate security support by both National Assembly and the South African Police Services (SAPS)
Democratic Alliance (DA) Leader Mmusi Maimane says the ruling party, AfricanNational Congress is running out of idea when comes to job creation.
Michael Holenstein, the Democratic Alliance (DA) mayor of Mogale City in the West Rand, has been removed through a motion of No confidence tabled by the African National Congress (ANC) using the Secret Ballot vote…