New-look mine charter is a win-win for all
MOSEBENZI ZWANE: Why investors should embrace the new Mining Charter
South Africa needs a radical economic transformation push that will act as a catalyst for economic growth, writes Mosebenzi Zwane
We have spent the last 14 months engaging a wide range of stakeholders. The process of consultation was arduous. The views of all stakeholders were carefully considered against each other and against the mandate of government. We believe the final version is a true reflection of the views of the majority. There has been some anxiety in the industry since the first draft was published. It was published at a time when uncertainty existed over the notion of "once empowered, always empowered" in relation to empowerment deals in the sector. With this final charter, we are creating the certainty that has been sought by the broader investment community. We believe that such certainty comes at a time when South Africa needs it most. We have a responsibility as government to address the historical imbalances that have prevented black people from benefiting from the development of the country's mineral resources. We are but a custodian of these resources on behalf of all South Africans. The M...
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