Despite little cheer for today’s youth, their predecessors showed political will can be awakened. Bragging about skipping sleep is as absurd as bragging about driving drunk, says Ian Mann.
The ANC created the monster Jacob Zuma has become and they have to deal with it, says Solly Moeng. The latest version of the Mining Charter is an overall improvement on the June 2017 version, but there are far-reaching changes – and the compliance obligations are more onerous and stringent than those stipulated in the 2010 Mining Charter.
This is according to mining experts at Webber Wentzel attorneys, who were responding to the revised broad-based black economic empowerment Mining Charter (Mining Charter III) published by Mineral Resources Minister Gwede Matashe on June 15 for public comment. The latest revised version has been in the pipeline for a year.
The Webber Wentzel mining sector group says during this year, there were various high court applications, a change in administration at the Department of Mineral Resources (DMR) and an “investment standstill” in the local mining industry due to regulatory uncertainty. According to Webber Wentzel, the Mineral and Petroleum Resources Development Act (MPRDA) only empowers the mining minister to “develop a broad based socio-economic empowerment charter”.
It does not, however, grant the minister the power to alter, vary and/or revise such a charter. In the law firm’s few, this was likely a conscious step by the legislature to ensure regulatory certainty. Read more from fin24.com…
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