WATCH: Gwede Mantashe reacts to the ‘Once empowered, always empowered’ ruling in mining

The South African High Court has ruled in favour of the Chamber of Mines in terms of the "once empowered, always empowered" principle, which entitles mining companies to keep its black economic empowerment (BEE) status even if a black partner exits its stake in the firm. One hopes his brings the third iteration of the Mining Charter closer to finalisation as uncertainty around the charter has deterred investment in the sector which accounts for 8% of the country's GDP. Minister of Mineral Resources Gwede Mantashe joined us on the line to discuss what the ruling means for transformation in the sector.

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Subscribe Sign in

Cancel anytime.

Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

SIGN UP

SIGN IN

Please read our Comment Policy before commenting.