SOUTH AFRICAN UNION UP IN ARMS OVER SUSPENSION OF MINING CHARTER

| July 17, 2017

JOHANNESBURG, The National Union of Mineworkers (NUM) says it is exploring its legal options in a bid to challenge the suspension of the new mining charter by the South African government.

Mineral Resources Minister Mosebenzi Zwane has halted the implementation of the charter pending the outcome of an urgent court application by the Chamber of Mines to scrap the new document.

The NUM has described the suspension of the new charter as "shocking and disappointing". It has also accused Zwane of buckling under pressure.

The new charter seeks a 30 per cent black ownership of mining companies.

Economist Lumkile Mondi has echoed the NUM's frustration. There is a shadow State that is disturbing our progress in the implementation of a plan, the National Development Plan, which sends a signal to the business community that by 2030 we would have resolved our poverty, inequality and the economy will up by 6.0 per cent which the Minister of Minerals has been part of," he said here over the weekend.

Source: NAM NEWS NETWORK

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