The ANC has extended an olive branch to the mining sector, cutting Mineral Resources Minister Mosebenzi Zwane down to size as the battle over the contentious Mining Charter continues to simmer. The party is scrambling to arrest the continued slide in the economy, spending yet another three-day lekgotla focusing on stimulating growth and efforts to reverse SA’s descent into sub-investment grade terrain. It has endorsed Finance Minister Malusi Gigaba’s 14-point plan to boost economic growth, which also pushes for the partial privatisation of state-owned enterprises, which the ANC had until now largely rejected as an option. Zwane recently dealt another major blow to the economy, releasing the third version of the Mining Charter after very little consultation — if any. This angered the industry, a major player in the economy, and resulted in legal action against the department. On Monday, ANC secretary-general Gwede Mantashe said the mining sector had to be viewed for its long-term pot...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now