Once empowered, always empowered.
So ruled the High Court on Wednesday.
What this means is that a mining company keeps its black empowerment status, even if a black partner exits.
This comes after the Chamber of Mines challenged the Mining Charter, which specifies that the black ownership target of 26% must be kept as long as the mine operates.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
This ruling provides certainty… We’re committed to transformation… this helps us take things forward.— Roger Baxter, Chamber of Mines
We’re talking about continuing consequences of previous deals… To penalise… for allowing BEE partners to exit… has been a challenge…— Roger Baxter, Chamber of Mines
We need a charter to which all stakeholders subscribe to…— Roger Baxter, Chamber of Mines
Last year, for the first time in 10 years, we’ve regressed on the fatality front…— Roger Baxter, Chamber of Mines
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