Cabinet approves publication of keenly awaited mining charter
The charter will lay down the targets for ownership and employment equity in the industry
Cabinet has approved the publication of the final Broad-Based Black Economic Empowerment Charter for the mining industry. The charter, which has been long in the making and keenly awaited by the mining industry, will lay down the targets for ownership and employment equity. The mining industry has in the past complained that it was not adequately consulted on the charter although the Department of Mineral Resources insists that there were wide stakeholder consultations. A post-Cabinet meeting statement issued on Thursday did not provide details of the charter, saying Mineral Resources Minister Mosebenzi Zwane would hold a briefing once the charter had been gazetted. In the statement, Cabinet said it was concerned about the recent developments at Eskom. Cabinet also said it appreciated that the matter pertaining to the re-employment of Brian Molefe as the CEO of Eskom was before the courts and in Parliament, and it would therefore respect these processes. "The president has, however,...
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