LETTER: Mining Charter a big deterrent to investment
Is black ownership and high unemployment really better?
09 May 2022 - 16:55
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While everything he says makes sense, the glaring omission is the Mining Charter, which the media seem to treat as a holy cow. Get rid of the 30% upfront that investors must give away before they start.
How much does this have to do with us being 75thout of 84 in terms of mining investment? And which would everyone rather have: 30% black ownership and 36% unemployment, or 5% black ownership and 5% unemployment?
Eric Carter Via email
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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.
LETTER: Mining Charter a big deterrent to investment
Is black ownership and high unemployment really better?
Michael Avery’s most recent Badger column refers (” What government must tell Mining Indaba to jack up investor outlook”, May 8).
While everything he says makes sense, the glaring omission is the Mining Charter, which the media seem to treat as a holy cow. Get rid of the 30% upfront that investors must give away before they start.
How much does this have to do with us being 75th out of 84 in terms of mining investment? And which would everyone rather have: 30% black ownership and 36% unemployment, or 5% black ownership and 5% unemployment?
Eric Carter
Via email
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
MICHAEL AVERY: What government must tell Mining Indaba to jack up investor outlook
AYABONGA CAWE: Jarring twists in a decades-old mining saga
COLIN COLEMAN: Open the economy to all or we can kiss goodbye to our democracy
PETER BRUCE: Welcoming migrants to a green SA could be a recipe for investment
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