Creating black capitalists will not come at the expense of mining sector, says Gwede Mantashe
Speaking at the AGM of the Minerals Council SA (formerly the Chamber of Mines), the minister confirms a final, investor-friendly mining charter is ‘on schedule’
The drive to create black capitalists by driving transformation hard would not come at the expense of the South African mining industry, which would serve as a basis of a racial redress of the national economy, according to Mineral Resources Minister Gwede Mantashe. Speaking at the AGM of the former Chamber of Mines — which was officially rebranded the Minerals Council SA (MCSA) at the meeting — Mantashe, who has been in office for 86 days, reiterated his commitment to bring policy and regulatory certainty to the industry, which has regressed under long periods of upheavals in this core area of their operations. "When we talk of transformation, we are not talking about destroying white business but building on what is there," Mantashe said, urging companies to embrace transformation and lead the country in the process because failure to do so would lead to further polarisation of communities and strife. The rebranding is a clear attempt to distance the organisation from its legacy a...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.