Today's Labour News

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ancFin24 reports that the African National Congress (ANC) seeks an urgent meeting with Mineral Resources Minister Mosebenzi Zwane following the release on Thursday of the third iteration of the Mining Charter.  

ANC spokesperson Zizi Kodwa indicated that the ruling party’s economic transformation committee, which had met on 5 June, had raised a number of concerns about the new Charter – specifically about the impact the raised level of black ownership to 30% could have on jobs in the sector.  "We wanted the Minister to report back on these and clarify the points raised.  The ANC is very concerned about the impact legislation could have in terms of employment, given that the mining sector lost 60 000 jobs over the last five years.  So, if there’s 30% black ownership it mustn’t lead to a jobs bloodbath," Kodwa said.  In the revised charter, the black ownership target was upped from 26% to 30% - a requirement mining companies will need to comply with within a 12-month period.

  • Read this report by Liesl Peyper in full at Fin24
  • And also, Gigaba calls on Zwane to deal with outcry over new Mining Charter, at Cape Times


Get other news reports at the SA Labour News home page