South Africa’s cabinet approves new mining charter

Cyril Ramaphosa (Photo Credit:
Cyril Ramaphosa (Photo Credit:

South African cabinet has approved the latest version of the long-delayed mining charter which lay outs requirements for black ownership levels and other targets, a cabinet minister said on Thursday.

Communications minister, Nomvula Mokonyane, told reporters that more details about the charter would be announced on Friday by the president, Cyril Ramaphosa when he unveils a new economic stimulus package.

The mining charter could still be the subject of legal challenges from the mining industry, if companies are unhappy with its contents after it is published.

“The mining charter was deliberated upon and indeed cabinet has approved the mining charter,” Mr Mokonyane told a news conference.

Analysts say policy certainty in the mining sector could lead to billions of dollars of new investment, in a boost for Mr Ramaphosa’s drive to kick-start economic growth.

Separately, mines minister Gwede Mantashe had withdrawn the Mineral and Petroleum Resources Development Amendment (MPRDA) bill, a draft law which was the subject of hot debate within the industry, Mr Mokonyane added.

The MPRDA amendments were initially passed by parliament four years ago but were then sent back to lawmakers by former president Jacob Zuma in 2015 due to concerns over whether they were constitutional.

The bill had planned to give wide-ranging powers to the mines minister, including requiring a portion of extracted resources to be processed domestically and not be exported in raw form.

It would have also allowed the minister to declare minerals strategic.

By so doing, he aimed to give the state 20 per cent minority stake in new gas and oil exploration and production ventures, which the industry had said would discourage investment.


Support PREMIUM TIMES' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.