WATCH: How mining charter ruling will affect investor interest
Business Day TV spoke to MCSA senior executive for public affairs and transformation Tebello Chabana
23 September 2021 - 08:24
byBusiness Day TV
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Minerals Council of SA (MCSA) has won a critical legal battle against the state after the high court ruled that the contested 2018 Mining Charter is not a binding instrument of law but instead a policy document.
This means that a number of key clauses within the charter have been set aside, chief among them is the re-empowerment clause that requires mining rights holders to maintain BEE targets of 26% for pre-existing mining rights and 30% for new mining rights.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
NEWS LEADER
WATCH: How mining charter ruling will affect investor interest
Business Day TV spoke to MCSA senior executive for public affairs and transformation Tebello Chabana
Minerals Council of SA (MCSA) has won a critical legal battle against the state after the high court ruled that the contested 2018 Mining Charter is not a binding instrument of law but instead a policy document.
This means that a number of key clauses within the charter have been set aside, chief among them is the re-empowerment clause that requires mining rights holders to maintain BEE targets of 26% for pre-existing mining rights and 30% for new mining rights.
Alishia Seckam spoke to MCSA senior executive for public affairs and transformation Tebello Chabana for more detail.
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