The government needs to understand the link between transformation and attracting investment, says struggle veteran and business leader Saki Macozoma. Laws and regulations in the name of transformation are "just vanity and posturing and nothing else" if they deter investment, as is happening in the mining industry, he says. Macozoma has created a highly profitable manganese mine in the Kalahari basin in the Northern Cape in partnership with Australia's Jupiter Mines, led by Brian Gilbertson. Gilbertson has just listed the 49.9% of Macozoma's Tshipi mine that Jupiter owns on the Australian Securities Exchange at 40 Australian cents, which values Macozoma's 50.1% stake in Tshipi at R8-billion. He plans to list it on the JSE in about four months. But the success of the listing might depend on what changes Mineral Resources Minister Gwede Mantashe agrees to make to Mining Charter 3. The charter was meant to promote transformation but caused such wealth destruction that Macozoma's Ntsimb...
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