The Science Of ...

South Africa’s draft Mining Charter 3 for dummies (highly intelligent ones)

Platinum nugget. Picture: Supplied.

We got the disastrous Charter in 2017… now we have the much improved Charter… It’s a much better drafted document, which lawyers always appreciate!

Brandon Irsigler, Strata Legal (Pty) Ltd

‘Once empowered, always empowered’ has almost certainly been put to bed…

Brandon Irsigler, Strata Legal (Pty) Ltd

Mineral Resources Minister Gwede Mantashe gazetted a draft of the new Mining Charter last week.

The previous charter drew fierce criticism from some communities who claimed they were left out of the process.

Earlier this year, the High Court ruled that mining communities must be included in charter negotiations.

A public participation process into the draft is underway.

Mining communities now say the draft document appears to be workable.

The Minerals Council SA, however, says there are elements of the draft Mining Charter that undermine the competitiveness of the industry.

The Money Show’s Bruce Whitfield interviewed Strata Legal (Pty) Ltd Director Brandon Irsigler for his weekly “The Science Of” feature.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

All the inequities of the past are addressed in the Mining Charter…

Brandon Irsigler, Strata Legal (Pty) Ltd

The term ‘free carry’ is not defined in Charter 3… If you look at Botswana, they have ‘free carry’…

Brandon Irsigler, Strata Legal (Pty) Ltd

You are obliged to articulate exactly what you’re going to do for your community…

Brandon Irsigler, Strata Legal (Pty) Ltd

The obligations to empower has been pushed down the supply chain…

Brandon Irsigler, Strata Legal (Pty) Ltd

This is the next step in transforming the industry…

Brandon Irsigler, Strata Legal (Pty) Ltd

The board representation… I think that’s going to really push the transformation agenda… There might be some pushback…

Brandon Irsigler, Strata Legal (Pty) Ltd

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
[Live, real-time experiment] Find out which food delivery app is SA's best

[Live, real-time experiment] Find out which food delivery app is SA's best

Andrew Ross of Chaos Theory experiments on-air to see which food delivery app is the best one to use.

'Youth unemployment at 54%. Chances become slimmer for jobseeker as time passes'

'Youth unemployment at 54%. Chances become slimmer for jobseeker as time passes'

The Money Show’s Bruce Whitfield interviews Karen Ferguson, Research Manager at Knowledge Resources.

Take a look inside BMW South Africa’s high-tech X3 producing factory

Take a look inside BMW South Africa’s high-tech X3 producing factory

The Rosslyn plant makes 15 BMW X3 SUVs per hour for export around the world. Bruce Whitfield interviews BMW SA's, Tim Abbott.

Every Tom, Dick and Harriet wants a Harley Davidson (prices start at R89 900)

Every Tom, Dick and Harriet wants a Harley Davidson (prices start at R89 900)

The Money Show’s Bruce Whitfield interviews Fanie Haarhoff, Harley Davidson South Africa Dealer Principal.

Sneakers as investment? You bet! Yours may be worth more than you paid for it

Sneakers as investment? You bet! Yours may be worth more than you paid for it

The Money Show’s Bruce Whitfield interviews Tebogo Mogola, co-founder and Director at Sneaker Exchange Expo.

New online shopping website launches. Everything available is South African

New online shopping website launches. Everything available is South African

It just became easier than ever to buy local when shopping online. Bruce Whitfield interviews Proudly SA’s Eustace Mashimbye.

Popular articles
'Perhaps somebody is misleading the Public Protector'

'Perhaps somebody is misleading the Public Protector'

Bishop Malusi Mpumlwana gives his take on the supposed 'fightback' against Pravin Gordhan.

'I don’t spend much. I drive an old car. I’ve never been in debt'

'I don’t spend much. I drive an old car. I’ve never been in debt'

Bruce Whitfield interviews analyst Chris Gilmour about his attitude toward money (hopes and fears, successes and failures, etc.).

Daughter of Timol murder accused Joao Rodrigues reveals sexual abuse

Daughter of Timol murder accused Joao Rodrigues reveals sexual abuse

Tilana Stander talks about the abuse she suffered at the hands of her father.

[LISTEN]  My Life Beyond HIV

[LISTEN] My Life Beyond HIV

Pholokgolo Ramothwala chats to Azania about living with HIV and his newly released book, My Life Beyond HIV.

WATCH:  Crash, bang, wallop! How would YOU explain this to YOUR boss?

WATCH: Crash, bang, wallop! How would YOU explain this to YOUR boss?

The woman comes out of the crash without a scratch but is visibly distressed by the incident that she may have to explain later.

[LISTEN] Steinhoff explained: 100 times more looted in Steinhoff saga than VBS

[LISTEN] Steinhoff explained: 100 times more looted in Steinhoff saga than VBS

Steinhoff’s Web of Deception: An Explainer with Financial Mail journalist Warren Thompson.

How to buy your first share (even if you only have R50, or less)

How to buy your first share (even if you only have R50, or less)

Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.