In line with government’s plans to include more blacks in the various South African sectors, Mineral Resources Minister Mosebenzi Zwane said the newly launched SA Mining Charter will help black SA participate more in the mining sector.
The minister who introduced the new charter on Thursday described the Mining Charter as one of the strategic instrument that would help the Presidency’s radical economic change in the mining sector.
The 2017 SA Mining Charter requires that a new prospecting must have a minimum of 50+1 black person shareholdings which must include voting rights, said Minister Zwane.
He also said that the new SA Mining Charter indicated that the new mining right must have 30% black person’s shareholdings, with 30% shareholding to be appointed between employees’ community and entrepreneurs in a specific manner.
“The allocation of 8% shareholdings to workers and the separation of workers shareholdings from that of an entrepreneur. Holders of rights are also required to submit a housing and living condition plan that caters for human dignity and privacy for workers,” he said, adding that measures have been incorporated in the charter to address the concerns of the workers.
The Chamber of Mines has, however, criticised the minister for not consulting with the sector properly in the production of the new SA Mining Charter, saying it will not be co-opted into a flawed process.
— EWN Reporter (@ewnreporter) June 15, 2017
The chambers said they were only invited on Wednesday to a meeting with Zwane scheduled for only an hour before his planned announcement.
The Chamber also said that the exact purpose of using that mechanism in this way is highly suspicious.
There had been indications that South Africa’s sectors had a higher number of white race than their black counterparts.
Data published by Statistics South Africa also revealed that black South Africans earned on average only about one-fifth as much as their white counterparts. This, according to the reports, led to an increased level of poverty and unemployment.
Meanwhile, President Jacob Zuma had retained that his new policy of a radical economic transformation is the only way to address the twin problems of poverty and land dispossession.
He said though his decision increased the number of critics who seem to hate him, he would maintain his decision to address issues of Black-white inequality in South Africa, particularly in the area of black land dispossession.
“If those who, whoever they are, they hate me for it, I have no problem with that. They hate me for what I decided at a young age to join the struggle for,” Zuma said, pointing out that poverty and land issues were some of the main reasons he joined the struggle.